| NASDAQ (NMS) Exchange | US Country |
The fund is designed to primarily invest in equity securities of infrastructure companies, allocating at least 80% of its net assets to this sector. It focuses on companies within the infrastructure and utilities industries, aiming for a concentration on these sectors. The investment strategy is built around a diversified portfolio that targets infrastructure companies which the subadviser believes have solid capital structures, the capability to generate consistent income streams, and the potential for inflation protection. This explicitly curated portfolio typically ranges between 70 to 100 companies, reflecting a broad scope within its focus area.
The fund invests in equity securities, such as stocks, of companies involved in the infrastructure sector. This includes businesses that provide essential services and structures—such as water, sewer, and energy systems; transportation; and telecommunications. By focusing on infrastructure, the fund aims to tap into the steady demand for these indispensable services.
With a specific concentration on the infrastructure sector and utilities industry, the fund positions itself in markets that are likely to exhibit sustained growth and stability. These sectors are critical to economic development and tend to offer resilient income streams, which can be attractive to investors looking for stable returns.
Despite its sectoral focus, the fund ensures diversification within its portfolio by investing in a wide range of infrastructure companies. This approach mitigates risk by spreading investments across different companies and sub-sectors within the industry. The selection process prioritizes companies with strong capital structures, reliability in income generation, and a potential hedge against inflation.