Global Infrastructure Dividend Focus Equity

This strategy is offered by Newton Investment Management Ltd (‘NIM’). This strategy may be managed by an affiliate of NIM and may apply a research process that differs from that applied by NIM.

Strategy overview

: We consider investments from a particularly expansive universe, which we believe provides us with a significant competitive advantage. Investments in the strategy must meet a very specific set of criteria:
: Hard asset-owning business models;

Operate in heavily regulated industries; and

Generate stable cash flows that largely return to shareholders in the form of dividends.
: The portfolio is highly concentrated, holding between 20 and 40 names from our global opportunity set. Our differentiated approach to infrastructure investing provides us with an investible universe that exhibits the same characteristics as peers at over six times the size. Our ability to invest in a broader opportunity set allows for a disciplined, value-based approach that seeks to consistently deliver a 6% equity dividend yield profile.

Investment team

Our investment team of research analysts and portfolio managers work together across regions and sectors, helping to ensure that our investment process is highly flexible.

26: years’ average investment experience
21: years’ average time at Newton

Brock Campbell

Head of global equity research
James A Lydotes

Head of equity income and deputy chief investment officer, equity
John C Bailer

Deputy head of equity income, portfolio manager
Jon Bell

Portfolio manager, Equity Income team
Brian Ferguson

Portfolio manager, Equity Income team
Peter D Goslin

Portfolio manager, Equity Income team
Robert Hay

Portfolio manager, Equity Income team
Keith Howell Jr.

Portfolio manager, Equity Income team

Strategy profile

Objective: We seek to deliver a consistent 6% equity yield profile throughout the market cycle, solid capital preservation and attractive upside participation in strong global equity-market environments.
Benchmark: S&P Global Infrastructure Index
Strategy inception: 1 August 2011

Past performance is not a guide to future performance. Your capital may be at risk. The value of investments and the income from them can fall as well as rise and investors may not get back the original amount invested.

Key investment risks

: Objective/performance risk: There is no guarantee that the strategy will achieve its objectives.

Currency risk: This strategy invests in international markets which means it is exposed to changes in currency rates which could affect the value of the strategy.

Emerging markets risk: Emerging markets have additional risks due to less developed market practices.

Concentration risk: A fall in the value of a single investment may have a significant impact on the value of the strategy because it typically invests in a limited number of investments.

Real estate investment trusts (REITs): The strategy is subject to risks associated with investing in real estate which may include but is not limited to liquidity constraints arising from difficulties with the disposal of the underlying properties, fluctuations in the value of underlying properties, defaults by borrowers or tenants, market saturation, changes in general and local economic conditions, decreases in market rates for rents, increases in competition, property taxes, capital expenditures or operating expenses and other economic, political or regulatory occurrences affecting companies in the real estate industry.

Counterparty risk: The insolvency of any institutions providing services such as custody of assets or acting as a counterparty to derivatives or other contractual arrangements, may expose the strategy to financial loss.

Investment in infrastructure companies risk: The value of investments in Infrastructure Companies may be negatively impacted by changes in the regulatory, economic or political environment in which they operate.

High-yield companies risk: Companies with high-dividend rates are at a greater risk of not being able to meet these payments and are more sensitive to interest rate risk.