The ordinary shares of Ecofin Global Utilities and Infrastructure Trust plc (the ‘Company’ or ‘EGL’) began trading on the London Stock Exchange on 26 September 2016. The Company’s assets are primarily invested in equity and equity-related securities of utility and infrastructure companies in developed countries. These companies have a mix of regulated and growth-oriented business segments:
Ecofin Global Utilities and Infrastructure Trust plc is an investment company domiciled in the United Kingdom. Its ordinary shares are listed on the London Stock Exchange (EGL:LN). As an investment trust, the Company is exempt from capital gains tax and its shares are eligible for inclusion in an Individual Savings Account.
Fund Stats as of 26/11/2021:
NAV per Share (pence)
202.98
Share Price (pence)
200.00
Premium/Discount
-1.47%
Dividend Yield
3.20%
Total Net Assets
£204,499,239
Gearing (% of net assets)
14.80%
Issued Share Capital
100,963,423
SEDOL
BD3V464
ISIN
GB00BD3V4641
Electric & gas utilities
Generation, transmission & distribution of electricity, gas and liquid fuels and renewable energies
Transportation services
Roads, railways, ports and airports
Water & environment
Water supply, wastewater, water treatment and environmental services
The latest from EGL
2021 Interim Report
Martin & Co webinar 26 May 2021
Sectors set for profitable growth
There is a requirement for substantially greater investment in economic infrastructure globally in order to support economic growth and to meet the UN’s Sustainable Development Goals. Corporate strategies are changing rapidly in the Company’s sectors to meet the urgent demands for more and cleaner electricity and for the mitigation of environmental risks. Capital spending requirements related to the modernisation of inadequate infrastructure and to the transition to low and zero carbon energies should support profitable growth for the Company’s investment universe and portfolio.
Investment objective and policy
Ecofin Global Utilities and Infrastructure Trust plc's investment objectives are to achieve a high, secure dividend yield on its investment portfolio and to realise long-term growth in the capital value of its portfolio for the benefit of shareholders, while taking care to preserve shareholders’ capital.
The Company may make use of gearing to enable it to earn a high level of dividend income and to offer shareholders a geared return on their investment. The Directors of the Company believe that the use of gearing is justified given the nature of most of the companies in which the Company invests; that is, companies which provide essential services, operate in regulated markets and within stable regulatory frameworks, and pay dividends. The Company utilises a flexible gearing policy with the ability to borrow amounts up to 25% of net assets.
The Company is registered in England & Wales with Registered Number 10253041.
Ecofin Global Utilities and Infrastructure Trust plc EGL.LN
Commentaries
Climate Action
15/06/2021
Climate Action
15/06/2021
Ecofin Global Utilities and Infrastructure Trust Environmental, social and governance (“ESG”) policy
Latest Announcements
Climate Action
Literature Archive
Annual and Interim Reports
Portfolio Updates
- EGL Portfolio Update January
- EGL Portfolio Update February
- EGL Portfolio Update March
- EGL Portfolio Update April
- EGL Portfolio Update May
- EGL Portfolio Update June
- EGL Portfolio Update July
- EGL Portfolio Update August
- EGL Portfolio Update September
- EGL Portfolio Update October
- EGL Portfolio Update November
- EGL Portfolio Update December
- Ecofin Global December 2018
- Ecofin Global November 2018
- Ecofin Global October 2018
- Ecofin Global September 2018
- Ecofin Global August 2018
- Ecofin Global July 2018
- Ecofin Global June 2018
- Ecofin Global May 2018
- Ecofin Global April 2018
- Ecofin Global March 2018
- Ecofin Global February 2018
- Ecofin Global January 2018
2021 Ecofin Global Utilities and Infrastructure Trust plc (EGL) Annual General Meeting
Allocations
As of 31/10/2021
10 Largest holdings
As of 31/10/2021
| Company | % of Total | |
|---|---|---|
NextEra Energy* | 5.5% | US |
Iberdrola | 4.1% | Spain |
Exelon | 3.5% | US |
Enel | 3.5% | Italy |
SSE | 3.4% | UK |
| Company | % of Total | |
|---|---|---|
RWE | 3.4% | Germany |
American Electric Power | 3.1% | US |
Ferrovial | 2.9% | Spain |
Spark Infrastructure | 2.8% | Australia |
Drax | 2.8% | UK |
Total: 34.9%
*Common shares; the portfolio also holds the issuer’s convertible preferred stock
| all total returns in £ | 1 Month | 3 Month | 6 Month | 1 Year | 3 Year | 5 year | Since Inception 1 |
|---|---|---|---|---|---|---|---|
| Net Asset Value | 4.7% | 8.3% | 10.7% | 27.3% | 62.4% | 76.4% | 79.3% |
| Share Price | 1.6% | 7.0% | 9.1% | 26.3% | 80.5% | 102.3% | 123.7% |
| S&P Global Infrastructure Index | 1.9% | 5.5% | 4.6% | 20.7% | 19.0% | 21.3% | 24.4% |
| MSCI World Utilities Index | 3.6% | 2.6% | 1.5% | 5.5% | 25.7% | 35.3% | 38.9% |
| MSCI World Index | 4.0% | 5.6% | 10.2% | 33.5% | 56.4% | 88.2% | 95.6% |
| FTSE All-Share Index | 1.8% | 3.5% | 5.4% | 35.3% | 17.7% | 31.4% | 31.9% |
| FTSE ASX Utilities | 5.7% | 4.8% | 10.9% | 20.6% | 37.2% | 16.8% | 15.1% |
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26 September, 2016
Source: Bloomberg. Performance is shown on a total return basis, i.e., assuming reinvestment of dividends.
The Board of Directors are all non-executive and four of them, including the Chairman, are independent of Ecofin Advisors Limited, the Investment Manager.
David Simpson
David Simpson, the Chairman of the Company, is a qualified solicitor and was a partner at KPMG for 15 years until 2013, culminating as global head of M&A. Before that he spent 15 years in investment banking, latterly at Barclays de Zoete Wedd Ltd. He is Chairman of M&G Credit Income Investment Trust plc, a director of the British Geological Survey and a director of ITC Limited, a major listed Indian company.
Appointed as Chairman of EGL in September 2016 (independent)
Chairman of the Management Engagement Committee, Member of the Audit Committee, Member of the Remuneration Committee
Iain McLaren
Iain McLaren is a chartered accountant and was a partner at KPMG for 27 years, including senior partner in Scotland from 1999 to 2004, retiring from the firm in 2008. He is a non-executive director of Edinburgh Dragon Trust plc, Wentworth Resources plc and Jadestone Energy Inc. He is a past president of the Institute of Chartered Accountants of Scotland.
Appointed as a Director of EGL in September 2016 (independent)
Chairman of the Audit Committee, Member of the Management Engagement Committee, Member of the Remuneration Committee, Senior Independent Director
Malcolm (Max) King
Max King is a chartered accountant and has over 30 years’ experience in fund management having worked at Finsbury Asset Management, J O Hambro Capital Management and Investec Asset Management. He is currently a non-executive director of Henderson Opportunities Trust plc and of Gore Street Energy Storage Fund plc.
Appointed as a Director of EGL in September 2017 (independent)
Chairman of the Remuneration Committee, Member of the Management Engagement Committee, Member of the Audit Committee
Susannah Nicklin
Mrs Nicklin is an experienced non-executive director and financial services professional with 25 years of experience in executive roles in investment banking, equity research and wealth management at Goldman Sachs and Alliance Bernstein in the US, Australia and the UK. She has also worked in the impact investment sector, with Bridges Ventures and the Global Impact Investment Network. She holds the Chartered Financial Analyst qualification. Mrs Nicklin is currently a non-executive director and senior independent director of Pantheon International plc and a non-executive director of Amati AIM VCT plc, Baronsmead Venture Trust plc, and The North American Income Trust plc. She was previously a non-executive director of Baronsmead VCT plc and City of London Investment Group plc.
Appointed as a Director of EGL in September 2020
Member of the Audit Committee, Member of the Management Engagement Committee, Member of the Remuneration Committee
Company Secretary and Registered Office
Company Secretary and Registered Office
Maitland Administration Services Limited
Hamilton Centre
Rodney Way
Chelmsford CM1 3BY
Tel: 01245 950317
Email: cosec@maitlandgroup.com
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Administrator
BNP Paribas Securities Services S.C.A.
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London NW1 6AA -
Broker
Stifel Nicolaus Europe Limited
150 Cheapside
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Investment Manager
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Banker, Custodian and Depositary
Citigroup
Citigroup Centre
Canada Square, Canary Wharf
London E14 5LB -
Solicitor
Norton Rose Fulbright LLP
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London SE1 2AQ -
Registered Auditor
Ernst & Young LLP
Atria One
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Registrar
Computershare Investor Services PLC
The Pavilions, Bridgwater Road, Bristol
BS99 6ZZ, United Kingdom
Telephone for enquiries: +44 (0)370 703 6234
www.investorcentre.co.uk
The share register for Ecofin Global Utilities and Infrastructure Trust plc is maintained by Computershare Investor Services. If you have a problem – such as a lost documentation or dividend cheque – please contact Computershare Investor Services directly. Your account details may also be accessed by using their website.
Computershare Investor Services PLC
The Pavilions, Bridgwater Road, Bristol
BS99 6ZZ, United Kingdom
Telephone for enquiries: +44 (0)370 703 6234
Financial Calendar
| Dividends payable (last business day of) | February, May, August, November |
| AGM | March |
| Half-year ends | 31 March |
| Release of Interim Report | May |
| Financial year ends | 30 September |
| Release of Annual Report | December |
Regulatory Documents
- Ecofin Global Utilities and Infrastructure Trust plc - Key Information Document (KID) July 2021
- EGL Alternative Investment Fund Manager Directive Fund Disclosures (Updated March 2021)
- EGL Annual General Meeting 09 March 2021 – Investment Manager’s Presentation
- EGL Annual General Meeting 09 March 2021 – Summary of Proxy Votes
- Ecofin Global Utilities And Infrastructure Trust Plc Prospectus 6 July 2016
- Ecofin Global Utilities And Infrastructure Trust Plc AIFMD Investor Disclosures
- EGL Supplementary Prospectus 22 August 2016
- Ecofin Global Utilities and Infrastructure Trust plc – First Day of Dealings
- Ecofin Global Utilities and Infrastructure Trust plc – Initial Portfolio and Indicative NAV
- Ecofin Global Utilities And Infrastructure Trust Plc Quarterly Dividend
Research Reports
- Ecofin Global Utilities and Infrastructure Trust plc - Marten & Co Research Report May 2021
- Ecofin Global Utilities and Infrastructure Trust plc - Marten & Co Research Report December 2020
- Ecofin Global Utilities and Infrastructure Trust plc - Marten & Co Research Report June 2020
- Ecofin Global Utilities and Infrastructure Trust plc - Marten & Co Research Report October 2019
- Ecofin Global Utilities and Infrastructure Trust plc - Marten & Co Research Report April 2019
- Ecofin Global Utilities and Infrastructure Trust plc - Marten & Co Research Report October 2018
- Ecofin Global Utilities and Infrastructure Trust plc - Marten & Co Research Report March 2018
- Ecofin Global Utilities and Infrastructure Trust plc - Marten & Co Research Report November 2017
- Ecofin Global Utilities and Infrastructure Trust plc - Quoted Data Research Report November 2017
- Ecofin Global Utilities and Infrastructure Trust plc – Quoted Data Research Report May 2017
- Ecofin Global Utilities and Infrastructure Trust plc - Marten & Co Research Report May 2017