Marketing communication. For Investment Professionals only

M&G (Lux) Global Listed Infrastructure Fund

The quest for rising income from essential assets
Alex Araujo, Fund Manager

“Global listed infrastructure provides a compelling proposition for long-term investors looking to diversify. The asset class benefits from characteristics of higher dividend yield and lower volatility compared to global equities and our investment universe offers a wide array of attractive opportunities to invest in dividend growers.”

Reasons to consider investing in listed infrastructure

  • Reliable and growing cashflows generated by critical physical infrastructure – long-term assets which are essential for the functioning of global society.
  • Listed infrastructure has typically offered characteristics of higher dividend yield and lower volatility compared to global equities, as well as exposure to inflation-linked revenue streams.
  • Listed infrastructure provides exposure to long-term structural growth trends including renewable energy, clean transport and digital connectivity.

M&G's differentiated approach

  • At least 80% of the fund is invested in the shares of infrastructure companies and investment trusts of any size and from anywhere in the world, including emerging markets. The fund usually holds shares in fewer than 50 companies.
  • Investing beyond the traditional realm of economic infrastructure (utilities, energy and transport) and diversifying into social infrastructure (health, education and civic); growth opportunities in evolving infrastructure (communication, transactional and royalty).
  • A sustainable approach where the assessment of environmental, social and governance (ESG) considerations is integrated in the investment process.

Source: M&G, 2022. *Expected annual dividend increase, for illustrative purposes only

Why now?

  • In an environment of uncertainty, we believe listed infrastructure could provide reliable and sustainable long-term growth.
  • Companies are paying increasing attention to ESG in their efforts to become better businesses, both from a financial perspective as well as ensuring sustainability.
  • Fiscal expansion in the wake of COVID-19, including higher spending on infrastructure, may provide a favourable backdrop for the asset class.

Infrastructure assets – an essential part of your day

  • Assets on which we rely in our everyday lives – from the moment we wake up in the morning to the moment we fall asleep at night.
  • Both traditional infrastructure assets and assets that support the increasingly digital world that we live in.
  • Opportunities across geographies, including emerging markets.

Fund facts

31 July 2022 €3.163,27 million
Fund launch date 5 October 2017
Benchmark* MSCI ACWI Net Return Index
Sector Morningstar Sector Equity Infrastructure
EUR A share class
ISIN (Acc) LU1665237704
ISIN (Dist) LU1665237613
Initial charge Max. 4,00%
AMC 1,75%
Ongoing charge** Acc 1,95%
Ongoing charge** Dist 1,95%
SFDR classification
Article 8

 

Source of fund facts: M&G as at 31.07.22.

*The benchmark is a comparator used solely to measure the fund’s performance and does not constrain portfolio construction. The benchmark has been chosen as it best reflects the scope of the fund’s investment policy. The fund is actively managed. The investment manager has complete freedom in choosing which investments to buy, hold and sell in the fund. The fund’s holdings may deviate significantly from the benchmark’s constituents. The benchmark is not an ESG benchmark and is not consistent with the ESG Criteria and Sustainability Criteria.

**The ongoing charges figure is based on expenses as at 31.03.22.

This is a marketing communication. Please refer to the prospectus and to the KIID before making any final investment decision.

The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise. There is no guarantee that the fund will achieve its objective and you may get back less than you originally invested.

The fund holds a small number of investments, and therefore a fall in the value of a single investment may have a greater impact than if it held a larger number of investments.

The fund can be exposed to different currencies. Movements in currency exchange rates may adversely affect the value of your investment.

Investing in emerging markets involves a greater risk of loss due to greater political, tax, economic, foreign exchange, liquidity and regulatory risks, among other factors. There may be difficulties in buying, selling, safekeeping or valuing investments in such countries.

ESG information from third-party data providers may be incomplete, inaccurate or unavailable. There is a risk that the investment manager may incorrectly assess a security or issuer, resulting in the incorrect inclusion or exclusion of a security in the portfolio of the fund.

Further details of the risks that apply to the fund can be found in the fund's Prospectus.

The fund invests mainly in company shares and is therefore likely to experience larger price fluctuations than funds that invest in bonds and/or cash.

Investing in this fund means acquiring units or shares in a fund, and not in a given underlying asset such as a building or shares of a company, as these are only the underlying assets owned by the fund.

The fund’s sustainability-related disclosures can be found here

For an explanation of the terms used in this document, please refer to the glossary on our website here


For Investment Professionals and Institutional Investors only. Not for onward distribution. No other persons should rely on any information contained within.

Distribution of this document in or from Switzerland is not permissible with the exception of the distribution to Qualified Investors according to the Swiss Collective Investment Schemes Act, the Swiss Collective Investment Schemes Ordinance and the respective Circular issued by the Swiss supervisory authority ("Qualified Investors"). Supplied for the use by the initial recipient (provided it is a Qualified Investor) only.

In Spain the M&G Investment Funds are registered for public distribution under Art. 15 of Act 35/2003 on Collective Investment Schemes as follows: M&G (Lux) Investment Funds 1 reg. no 1551.The collective investment schemes referred to in this document (the "Schemes") are open-ended investment companies with variable capital, incorporated in Luxembourg.

In the Netherlands, all funds referred to are UCITS and registered with the Dutch regulator, the AFM. M&G Luxembourg S.A. is the manager of the UCITS referred to in this document. Registered Office: 16, boulevard Royal, L‑2449, Luxembourg.

The Portuguese Securities Market Commission (Comissão do Mercado de Valores Mobiliários, the “CMVM”) has received a passporting notification under Directive 2009/65/EC of the European Parliament and of the Council and the Commission Regulation (EU) 584/2010 enabling the fund to be distributed to the public in Portugal.

This information is not an offer or solicitation of an offer for the purchase of investment shares in one of the funds referred to herein. Purchases of a fund should be based on the current Prospectus. The Instrument of Incorporation, Prospectus, Key Investor Information Document, annual or interim Investment Report and Financial Statements, are available free of charge, in English or your local language (unless specified below) in paper form, from one of the following – M&G Luxembourg S.A., German branch, mainBuilding, Taunusanlage 19, 60325 Frankfurt am Main; the Austrian paying agent: Société Générale Vienna Branch, Zweigniederlassung Wien Prinz Eugen-Strasse, 8-10/5/Top 11 A-1040 Wien, Austria; the Luxembourg paying agent: Société Générale Bank & Trust SA, Centre operational 28-32, place de la Gare L‑1616 Luxembourg; the Danish paying agent: Nordea Danmark, Filial af Nordea Bank Abp, Finland, Issuer Services, Postbox 850, Reg.no. 5528, DK-0900 Copenhagen C; Allfunds Bank, Calle Estafeta, No 6 Complejo Plaza de la Fuente, La Moraleja, 28109, Alcobendas, Madrid, Spain; M&G Luxembourg S.A. French branch, 8 rue Lamennais, Paris 75008; the French centralising agent of the fund: RBC Investors Services Bank France; or the Swedish paying agent: Nordea Bank AB (publ), Smålandsgatan 17, 105 71 Stockholm, Sweden. For Switzerland, please refer to by M&G International Investments Switzerland AG, Talstrasse 66, 8001 Zurich or Société Générale, Paris, Zurich Branch, Talacker 50, P.O. Box 5070, 8021 Zurich, which acts as the Swiss representative of the Schemes (the "Swiss Representative") and acts as their Swiss paying agent.

For Italy, they can also be obtained on the website: www.mandgitalia.it. For the Netherlands, they are available online at www.mandg.com/investments/nl and for more information concerning the Key Investor Information Document, please refer to www.afm.nl/ebi.  For Ireland, they are available in English language and can also be obtained from the Irish facilities agent, Société Générale SA, Dublin Branch, 3rd Floor IFSC House – The IFSC Dublin 1, Ireland. For Germany and Austria, copies of the Instrument of incorporation, annual or interim Investment Report, Financial Statements and Prospectus are available in English and the Prospectus and Key Investor Information Document/s are available in German. For Greece, they are available in English, except the Key Investor Information Document/s which is available in Greek, from the Greek Representative: Eurobank Ergasias S.A. 8, Othonos Street, 10557 Athens.

Before subscribing investors should read the Prospectus and Key Investor Information Document, which includes a description of the investment risks relating to these funds. The value of the assets managed by the funds may greatly fluctuate as a result of the investment policy. The information contained herein is not a substitute for independent investment advice.

M&G Luxembourg S.A. may terminate arrangements for marketing under the new Cross-Border Distribution Directive denotification process.

Complaints handling information is available in English or your local language from

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Norway: www.mandg.com/investments/professional-investor/en-no/complaints-dealing-process

Netherlands: www.mandg.com/investments/professional-investor/en-nl/complaints-dealing-process

Sweden: www.mandg.com/investments/professional-investor/en-se/complaints-dealing-process

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Austria: www.mandg.com/investments/professional-investor/de-at/complaints-dealing-process

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Greece: www.mandg.com/investments/private-investor/en-gr/complaints-dealing-process

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Italy: www.mandg.com/investments/professional-investor/it-it/complaints-dealing-process

Portugal: www.mandg.com/investments/private-investor/pt-pt/complaints-dealing-process

France: www.mandg.com/investments/professional-investor/fr-fr/complaints-dealing-process

This financial promotion is issued by M&G Luxembourg S.A. Registered Office: 16, boulevard Royal, L‑2449, Luxembourg.