| Asset Group | Asset Sub-Group | Investment Category |
| Alternatives | Specialist | Income |
Why we recommend itThe fund is managed by William Argent who joined Gravis in 2017 and has been investing in the listed infrastructure sector since 2006. This fund offers a balanced solution to an alternative energy led investment in that it targets multiple objectives including the desire to generate income, to preserve capital and to target capital growth. The fund invests in diversified portfolio of global listed securities, including YieldCo’s and investment trusts, and invests in companies that are involved in the operation, funding, construction, generation and supply of clean energy. A minimum of 80% of the portfolio is exposed to operational (availability based or contracted) assets, including renewable energy assets such as wind, solar and hydro, while a maximum of 20% is exposed to thematic companies involved in clean energy and energy efficiency. In respect of the latter, companies must have a demonstrable track record of generating operating profits. The resultant portfolio has a distinct mid- and small-cap bias however the income focus and asset mix results in a portfolio that typically outperforms during periods of market weakness. From an income perspective the fund has a net yield of around 4.5%. Opinion The allocation to YieldCo’s and other publicly traded companies that are focused on returning cash flows generated from renewable energy assets to shareholders, helps support the fund’s income objective and the aspiration for a less volatile return profile as the long-term nature of the underlying contracts helps mitigate development risk and price uncertainty. Sustainability criteriaMorningstar Sustainable Attributes: This fund is considered a sustainable investment product based on its prospectus or other regulatory filings. As a Sustainability Themed Investment, the fund aims to make an impact alongside financial returns through investing in specific issue areas that stand to benefit from long-term trends. | ||
| Information and data compiled March 2024. | ||
Risk warnings
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