Lazards Global Listed Infrastructure
Ways to Invest
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Lazards Global Listed Infrastructure
Pricing & Performance
Performance as at 29/02/2020
Returns as at 29/02/2020
| Growth % | Distribution % | Total % | |
|---|---|---|---|
| 1 month | -7.50 | -- | -7.50 |
| 3 month | -1.25 | -- | -1.25 |
| 6 month | 0.66 | 0.47 | 1.13 |
| 1 year | 4.85 | 2.41 | 7.26 |
| 3 year | -2.99 | 11.85 | 8.87 |
| 5 year | -6.01 | 14.46 | 8.45 |
| 10 year | 1.98 | 10.93 | 12.91 |
Distributions
| Frequency | Quarterly |
| Cents per Unit | 0.314 |
| Reinvestment Price | 1.176 |
Fund Commencement Date
| November 2008 |
Details & Fees
About this fund
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Fund Manager
Lazard Asset Management Pacific Co.
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Asset Class
Infrastructure
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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 | up to 4.0% |
| Exit | Nil |
| Management Cost (p.a.) | 2.26% |
| 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 |
Continuous Disclosure
How to Invest
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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.
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New and existing investors - Invest using Perpetual’s online application form
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Make an additional investment to WealthFocus Investment Advantage
- Review the current PDS and related documents. They may have changed since you first invested.
- Download and complete an Additional Investments form. Send the form to the address below.
- 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.
Downloads
Awards and recognition
