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'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.
Fund Stats as of 17/09/2020:
NAV per Share (pence)
165.65
Share Price (pence)
167.50
Premium/Discount
1.12%
Dividend Yield
3.82%
Total Net Assets
£155,062,813
Gearing (% of net assets)
14.80%
Issued Share Capital
94,533,423
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
EGL Investor Presentation - 27 May 2020
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
Latest Announcements
Literature Archive
Annual and Interim Reports
Portfolio Updates
- 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
Allocations
As of 28/08/2020
10 Largest holdings
As of 28/08/2020
| Company | % of Total | |
|---|---|---|
NextEra Energy* | 5.6% | US |
Enel | 5.3% | Italy |
RWE | 4.7% | Germany |
Iberdrola | 4.6% | Spain |
Endessa | 4.0% | Spain |
| Company | % of Total | |
|---|---|---|
EDP | 3.7% | Portugal |
Spark Infrastructure | 3.2% | Australia |
National Grid | 3.2% | UK |
Brookfield Renewable Corp | 3.1% | US |
Exelon | 3.1% | US |
Total: 40.5%
*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 | Since Inception 1 |
|---|---|---|---|---|---|---|
| Net Asset Value | -2.1% | 3.9% | -4.8% | 1.8% | 25.9% | 39.9% |
| Share Price | -2.8% | 6.1% | 2.8% | 19.9% | 50.3% | 78.6% |
| FTSE All-Share Index | -0.6% | -0.7% | -10.1% | -11.4% | -7.7% | 3.1% |
| FTSE ASX Utilites | -5.3% | 0.5% | -15.3% | 8.6% | -3.1% | -8.3% |
| MSCI World Index | 2.9% | 6.1% | 10.5% | 10.1% | 31.2% | 52.0% |
| MSCI World Utilities Index | -4.4% | -1.9% | -8.2% | -6.0% | 12.5% | 25.7% |
| S&P Global Infrastructure Index | -1.0% | -3.5% | -14.0% | -15.9% | -7.9% | 4.9% |
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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 three 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
Martin Nègre
Martin Nègre was, until June 2001, the chief executive officer of Northumbrian Water plc, then a subsidiary of Suez Lyonnaise des Eaux, and Suez Lyonnaise’s chief corporate representative in the UK. Prior to that, he was Suez Lyonnaise’s international director in Paris and then its Asia-Pacific president in Hong Kong and Singapore. Before that, he spent 21 years with Alsthom and GEC Alsthom, the Anglo/French engineering company, where he was a senior executive and the chief executive officer of the power generation division. He is chairman of the Tortoise Vista Long-Short Fund and the Tortoise Global Renewables Infrastructure Fund, funds managed by the Investment Manager, and a non-executive director of Northumbrian Water Limited and Messrs Hottinger & Cie, Paris.
Appointed as a Director of EGL in September 2016
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
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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 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 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