Property & Infrastructure Fund


A global investment choice


as at 21/03/19
as at 28/02/2019
after fees and before tax
as at 28/02/2019
after fees and before tax
If you had invested $10,000 at
inception, today it would be worth ...
inception date 5/12/2008

About the Fund

The Fisher Funds Property & Infrastructure Fund aims to achieve positive returns over the long term. We sometimes refer to this fund as the “backbone” fund because the companies within the portfolio own assets which are the backbone of society such as airports, railroads, power companies, industrial buildings and power companies. This fund is invested in a handpicked portfolio of high quality companies.

Why Property & Infrastructure

This type of asset is appealing as they typically generate predictable and recurring revenue streams through the investment cycle. This is because they provide essential products or services.

Growth of $10,000 invested in the Fund since inception

View all resources for this fund »

Biggest contributors/detractors

as at 28 February 2019

Union Pacific Corporation »

6% Share Price Change 0.4% Contribution to Return

Norfolk Southern »

7% Share Price Change 0.3% Contribution to Return

Kinder Morgan »

6% Share Price Change 0.3% Contribution to Return

Sector Split

as at 28 February 2019

Sector Split

Biggest holdings

as at 28 February 2019

American Tower Corporation 6.0%
Meridian Energy Limited 5.9%
Union Pacific Corporation 5.8%
Cash 10.0%
Top 10 holdings 55.6%

Your portfolio team

Sam  Dickie

Sam Dickie »

Senior Portfolio Manager

Zoie Regan

Zoie Regan »

Senior Investment Analyst

Matt Peek

Matt Peek »

Investment Analyst

Highlights and lowlights — February 2019

Your portfolios: Highlights and lowlights

The portfolio returned a respectable 2.8% for the month. US railroad operator Norfolk Southern (+7%) announced new financial targets ahead of expectations at its analyst day. These were underpinned by cost efficiencies as it adopts precision scheduled railroading principles (PSR).

Australian early childcare landlord Charter Hall Education Trust (+7%) reported a solid first half 2019 financial results which demonstrated a continuation of solid 2.6% like-for-like rent growth and rental uplifts from market rent reviews (averaging 7.8%). Following the commencement of Australia's new Child Care Subsidy (CCS) framework the company's tenants observed 2-3% increase in occupancy and care is now on average 11% more affordable for parents. Positively, supply of new centres is moderating after a period of localised oversupply in 2018, although the company was insulated by its long leases and disciplined approach to developments and tenant selection. The solid result during a period of uncertainty in the sector demonstrates the resilience of the trust’s business model.

Portfolio holdings

Portfolio holdings

You can see the companies this Fund invests in below. Typically investments include airports, railroads power companies, cellphone tower networks and include Real Estate Investment Trusts (REIT’s).

view portfolio holdings »

Fund resources

Fisher Funds Property & Infrastructure Fund Updates

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