SIF targets stable, inflation-linked returns through long-term infrastructure related investments across the UK. The fund is a multi-strategy fund of funds providing access to a diversified portfolio of core real estate and infrastructure assets that aim to deliver that objective.
Differentiated approach
Diversification
Diversified portfolio across sectors.
Risk management
Real estate and infrastructure exposure on the lower end of the risk spectrum.
Sustainability
Sustainability integration is an important consideration.
Ongoing portfolio construction
Ongoing portfolio construction and sizing of risk in the portfolio.
Open architecture
Specialist fund of funds approach, including proprietary investment partnerships and co-investments.
Investment objective
Expected return considered under normal market conditions. Return is not guaranteed.
Expected return
+2-3% p.a.(net of fees) over inflation-linked gilts (over rolling 5-year periods)
Target net yield
4% p.a. over 5-year periods
Fund facts
The above is an overview only. Please request the Prospectus for full details.
Base currency
GBP
Fund inception date
6 March 2017
NAV
Quarterly
Subscriptions
Commitments can be made at any time and will be drawn down in date order.
Subscription timings
10 business days’ notice in Ireland
Minimum initial subscription
GBP 5 million
Redemptions
Annual
Redemption timings
A minimum of 12 months’ notice will be required for a redemption, and redemptions will not be permitted within the first 5 years following the date of an investor's initial commitment.
Regulator
Central Bank of Ireland
Legal form
Qualifying Investor Alternative Investment Fund
Structure
Common Contractual Fund (CCF)
Manager
Carne Global Fund Managers (Ireland) Limited
Investment Manager
Towers Watson Investment Management Limited
Administrator
Northern Trust International Fund Administration Services (Ireland) Ltd
The value of all investments and the income from them can go down as well as up. This means you could get back less than you invested. Past performance and simulated past performance are not reliable indicators of future returns.
Changes in exchange rates may cause the value of investments to decrease or increase.
Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future.
The securities and derivatives investment activities which the funds engage in, may be speculative and involve a substantial risk of loss.
Units or shares in the funds described herein may become illiquid and investors may redeem their investments only as stated in the funds’ prospectuses.
Key risk warnings
This document is based on information available to Willis Towers Watson at the date of issue, and takes no account of subsequent developments.
Towers Watson Investment Management Limited has approved this document for issue to recipients categorised as Professional Clients only.
This material is intended for investors with long-term investment time horizons.
The value of all investments and the income from them can go down as well as up. This means you could get back less than you invested.
Changes in exchange rates may cause the value of investments to decrease or increase.
Past performance does not predict future returns.
The document contains figures that refer to simulated past performance, which does not predict future returns.
Expected performance does not predict future returns.
The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this investment varies, and/or current market conditions and are not an exact indicator. What you will get will vary depending on how the market performs and how long you keep the investment [or product].
Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future.
The securities and derivatives investment activities which the fund engages in may be speculative and involve a substantial risk of loss.
The fund may be exposed to credit and/or default risk of issuers of debt securities that may be held within the fund.
The issuers of any bonds within the fund may default or not be able to pay the bond income as expected.
If the fund is denominated in a currency other than your home currency, movements in exchange rates may, if not hedged, have a significant impact on the value of (and income from) your investment.
Shares/units in the fund may become illiquid and investors may redeem their investments only as stated in the fund’s prospectus.
Private markets refer to investments not traded on a public exchange or market.
Underlying private markets investments of the fund will normally be in unlisted companies and assets whose securities are not publicly traded and are therefore likely to be illiquid. They carry substantially higher risk than many investments in the equity of larger, listed companies, their public debt securities, or in listed real assets.
Investors should regard an investment in private markets as a long-term investment which carries higher risk than many other forms of investment.
There is usually less transparency in place around the management of private markets investments given the lower disclosure requirements. In general, there is limited information available on the investments and performance of the underlying portfolio companies and assets, other than annual or semi-annual financial statements, or sometimes, quarterly reports.
Such private market investments are more difficult to value given that they are not traded on a public exchange or market.
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