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Starlight Global Infrastructure Fund Series A

Global Infrastruct Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021

Click for more information on Fundata’s FundGrade

NAVPS
(04-17-2024)
$9.37
Change
$0.00 (-0.01%)

As at March 31, 2024

As at December 31, 2023

As at February 29, 2024

Period
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Legend

Starlight Global Infrastructure Fund Series A

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Fund Returns

Inception Return (October 02, 2018): 4.73%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 2.71% 1.64% 13.08% 1.64% 2.53% -1.52% 2.18% 5.18% 3.08% - - - - -
Benchmark 2.94% 10.27% 20.07% 10.27% 23.05% 11.13% 9.29% 15.98% 11.08% 10.21% 10.43% 11.39% 9.83% 10.93%
Category Average 3.15% 10.75% 10.75% 1.72% 1.21% 0.70% 4.77% 7.62% 3.21% 4.42% 3.90% - - -
Category Rank 77 / 141 87 / 141 21 / 141 87 / 141 55 / 137 105 / 129 99 / 105 96 / 98 66 / 93 - - - - -
Quartile Ranking 3 3 1 3 2 4 4 4 3 - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 2.29% -3.97% -0.94% -0.20% -0.49% -6.17% -0.24% 8.67% 2.63% -1.75% 0.72% 2.71%
Benchmark 1.71% -0.97% 2.98% 3.28% -0.19% -4.15% -0.71% 6.95% 2.53% 1.41% 5.64% 2.94%

Best Monthly Return Since Inception

8.67% (November 2023)

Worst Monthly Return Since Inception

-12.54% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 25.07% 2.68% 5.65% -7.25% 3.74%
Benchmark 13.97% 16.88% 5.18% 16.29% -1.79% 21.41% 13.15% 17.62% -12.64% 19.37%
Category Average - - - 10.97% -3.31% 19.09% -6.43% 11.71% 0.47% 2.25%
Quartile Ranking - - - - - 1 1 4 4 2
Category Rank - - - - - 15/ 89 12/ 93 103/ 105 114/ 115 55/ 137

Best Calendar Return (Last 10 years)

25.07% (2019)

Worst Calendar Return (Last 10 years)

-7.25% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 38.29
International Equity 23.50
Canadian Equity 21.20
Income Trust Units 4.46
Cash and Equivalents 0.65
Other 11.90

Sector Allocation

Sector Allocation
Name Percent
Utilities 20.59
Real Estate 20.55
Industrial Services 14.19
Mutual Fund 11.43
Financial Services 7.81
Other 25.43

Geographic Allocation

Geographic Allocation
Name Percent
North America 65.51
Europe 23.51
Multi-National 6.53
Latin America 4.46
Other -0.01

Top Holdings

Top Holdings
Name Percent
UB VENTURES I LP CLASS A 6.53
Starlight Private Global Infrastructure Pool Ser A 4.90
Northland Power Inc 4.01
Microsoft Corp 3.91
Nextera Energy Inc 3.48
American Tower Corp 3.35
Nasdaq Inc 3.14
RWE AG 3.03
Enel SpA 3.02
Equinix Inc 3.02

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Starlight Global Infrastructure Fund Series A

Median

Other - Global Infrastruct Equity

3 Yr Annualized

Standard Deviation 12.87% 12.84% -
Beta 0.82% 0.76% -
Alpha -0.05% -0.05% -
Rsquared 0.68% 0.63% -
Sharpe 0.03% 0.15% -
Sortino 0.00% 0.09% -
Treynor 0.00% 0.03% -
Tax Efficiency - - -
Volatility Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 -

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 12.90% 12.87% 12.84% -
Beta 1.01% 0.82% 0.76% -
Alpha -0.18% -0.05% -0.05% -
Rsquared 0.67% 0.68% 0.63% -
Sharpe -0.12% 0.03% 0.15% -
Sortino 0.03% 0.00% 0.09% -
Treynor -0.01% 0.00% 0.03% -
Tax Efficiency - - - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date October 02, 2018
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $16

Fund Codes

FundServ Code Load Code Sales Status
SLC102

Investment Objectives

The Fund’s investment objective is to provide regular current income by investing globally in companies with either direct or indirect exposure to infrastructure. We will not make a change to the Fund’s fundamental investment objective without first convening a meeting of the Fund’s Unitholders for that purpose. No change will be made unless approved by a majority of the votes cast at that meeting.

Investment Strategy

The Fund seeks to achieve its investment objective by investing in a globally diversified portfolio of publicly listed global infrastructure companies. Infrastructure can be defined as the physical or digital assets and organizational structures that a society requires to facilitate its orderly operation, which include, but are not limited to: Transport; Energy; Water; Communications; Social; Information Technology.

Portfolio Manager(s)

Name Start Date
Dennis Mitchell 10-02-2018
Hisham Yakub 03-13-2023

Management and Organization

Fund Manager Starlight Investments Capital LP
Advisor Starlight Investments Capital LP
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Investor Services Trust (Canada)
Distributor -
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 2.37%
Management Fee 1.90%
Load Front Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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