Strategic Infrastructure Trust of Europe

Fund overview

Established in 2005, Strategic Infrastructure Trust of Europe (A$) (SITE) invests in a portfolio of infrastructure assets diversified by European countries and sectors. SITE offers access to a diverse range of infrastructure sectors, including energy/utilities (e.g., energy generation, energy distribution and transmission, water treatment and distribution, telecommunications infrastructure), transport (e.g., roads, tunnels, airports, rail and ports) and social (e.g., hospitals, correctional facilities and schools) and asset life cycles.

The Fund currently holds seven investments:

• Angel Trains UK
• Angel Trains Europe
• Compañía Logística de Hidrocarburos (CLH)
• Wales & West Utilities
• Kenyeri Hydro
• BAA Toggle
• Thames Water

SITE utilises AMP Capital's proven infrastructure investment methodology, which has been developed and refined over the last 20 years. Investment is also available through:

• Strategic Infrastructure Trust of Europe (GBP) - a Pounds Sterling denominated fund
• Strategic Infrastructure Trust of Europe (EUR) - a Euro denominated fund

Key members of the investment team consists of:

• Rob Gregor, Head of Infrastructure, Europe
• Steven Lowry, Investment Director
• Jeff Neil, Investment Director

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Key features

• An established and diversified portfolio of infrastructure assets; the Fund is diversified by geography, risk profile and sector with a focus on transport, utilities and social infrastructure
• Investment across a large and diverse European economy – the Fund is invested in European countries with significant need for infrastructure investment
• The potential for consistent returns over the long term, comprising capital growth and income, above the Fund’s performance benchmark over the long term
• Risk-oriented and analytical investment approach – the team employs an advanced, in-house proprietary risk modeling tool developed by AMP Capital
• An investment team with more than 80 years of combined experience investing in sourcing, financing and managing infrastructure related assets across a range of sectors and asset lifecycles. The team also benefits from the broader AMP Capital infrastructure investment team through which it can access investment specialists with technical expertise in areas such as project finance, due diligence, portfolio management, asset management, and sector and industry research and debt advisory. In addition the team has access to the wider AMP Capital such as debt advisory, legal, tax, operations and fund accounting capabilities.

Fund Facts

Investment Objective	To provide a total return, after fees and expenses and before tax, above the benchmark on a rolling 12 month basis.
Investment Approach	The Fund will invest in infrastructure or infrastructure related businesses in European OECD countries across a broad range of sectors. These sectors may include transport links (eg toll roads), transport nodes (eg airports), utilities (eg energy generation, energy distribution and transmission, water treatment and distribution), telecommunications, social infrastructure (eg health, prisons), car parks and energy meters. The Fund will pursue opportunities across the entire lifecycle range of infrastructure investments, from start-up or greenfield projects through to mature, established assets, although the focus will be on mature well-established businesses.
Inception date	19 Jul 2006 - Wholesale
Benchmark	10 year Australian Government Bond Yield plus 4.5% pa
Minimum suggested timeframe	5 years
Status	Open
Minimum investment	A$ 10,000,000
Distributions	Annual