Lazards Global Listed Infrastructure

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Lazards Global Listed Infrastructure

Pricing & Performance

Performance as at 31/01/2021

Returns as at 31/01/2021

  Growth % Distribution % Total %
1 month -3.70 -- -3.70
3 month 3.74 0.06 3.80
6 month 0.74 0.44 1.18
1 year -21.46 5.46 -16.00
3 year -6.73 7.77 1.04
5 year -4.82 11.10 6.27
10 year -0.90 11.24 10.34

Unit Prices as at 25/02/2021

Entry
1.232
Exit
1.225
View price history

Distributions

Frequency Quarterly
Cents per Unit 0.076
Reinvestment Price 1.246
View distributions history

Fund Commencement Date

November 2008

Details & Fees

About this fund

  • Fund Manager

    Lazard Asset Management Pacific Co.

  • Asset Class

    Infrastructure

  • Suggested Length

    5 years or longer

Investment Objective

Aims to achieve total returns (comprising income and capital appreciation and before the deduction of fees and taxes) that outperform inflation, as measured by the Australian Consumer Price Index, by 5% pa over rolling five-year periods.

Investment Approach

Lazard is a valuation manager, embracing fundamental analysis to support a bottom-up stock selection style. Lazard's approach to stock selection is based on identifying companies that are trading at a discount relative to Lazard's assessment of their intrinsic value. The more attractive shares in Lazard's preferred infrastructure universe generally populate the portfolio, taking into account portfolio construction guidelines. These guidelines are designed to ensure diversification among infrastructure sectors, countries and regions as well as to avoid concentration to any one company.
Lazard will substantially hedge the foreign currency exposures in the portfolio back to the Australian dollar.

Investment Details

Minimum Initial Investment $2,000
With Savings Plan  
Minimum Initial Investment $1,000
Monthly Minimum Nil
Minimum Additional Investment $1,000

Fees

Entry Nil
Exit Nil
Management Cost (p.a.) 1.21%
Buy / Sell Spread 0.5% / Nil

Investment Guidelines

Cash 0 - 5%
Infrastructure securities 95 - 100%

Distribution

Quarterly
March 31, June 30, September 30, December 31

How to Invest

  1. If you are interested in making an investment in Perpetual WealthFocus Investment Advantage


    Review the Product Disclosure Statement (PDS) for WealthFocus Investment Advantage and related documents to ensure you understand how the Fund works and the risks involved.

    Send the completed application & documents to the address below.


    > Important information and continuous disclosure

    > Find out more about Perpetual WealthFocus

  2. New and existing investors - Invest using Perpetual’s online application form

  3. Make an additional investment to WealthFocus Investment Advantage


    1. Review the current PDS and related documents. They may have changed since you first invested.
    2. Download and complete an Additional Investments form. Send the form to the address below.
    3. If you have online account access, you can complete the additional investment form online.

    All forms, offer documents and PDS’s can be found on Forms, PDS's and Offer Documents page in our Resources section.

Perpetual Investment Management Limited ABN 18 000 866 535 AFSL 234426 and/or Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 are the issuers of the Funds. You should consider the relevant Fund product disclosure statement or other offer document before deciding whether to invest.

Returns have been calculated using exit prices after taking into account all ongoing fees, and assuming reinvestment of distributions. No allowance has been made for entry fees, exit fees or where applicable taxation. Future returns may bear no relationship to the historical information displayed. The returns shown represent past returns only and are not indicative of future returns of a Fund. Returns on a Fund can be particularly volatile in the short term and in some periods may be negative.


Awards and recognition