DRAFT
Fund Review
4D Global Infrastructure Fund (Unhedged)
Performance as at May 2026
4D Infrastructure, established in Apr 2015 in partnership with Bennelong Funds Management, is a boutique asset manager focusing on listed global infrastructure companies. The firm is led by Sarah Shaw, who serves as Principal, CEO/CIO, and Global Portfolio Manager. The team, which includes Peter Aquilina, Senior Investment Analyst and Head of ESG, and Tim Snelgrove, Head of Trading, Markets, and Macro Strategy, leverages extensive industry experience for investment decisions.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 6.63% | 9.96% | 9.04% | 7.76% | 9.61% |
| Peer Group1 | 9.26% | 10.71% | 9.48% | 7.75% | 9.16% | |
| Index2 | 5.25% | 13.77% | 12.90% | 9.22% | 9.98% | |
| Volatility | Fund | 9.51% | 9.98% | 10.31% | 12.32% | 11.50% |
| Peer Group1 | 7.07% | 7.83% | 9.10% | 10.35% | 9.57% | |
| Index2 | 7.96% | 8.57% | 8.96% | 12.06% | 11.29% | |
| 1Infrastructure, 2S&P Global Infrastructure TR Index (AUD), 3Annualised, 4Mar 2016 | ||||||
Strategy Description
The 4D Global Infrastructure Fund seeks to outperform the OECD G7 Inflation Index +5.5% p.a. long-term by investing in 30-60 listed global infrastructure securities with sustainable, growing earnings and dividends. It includes regulated utilities, transport infrastructure, and communication assets, with exposure to developed and emerging markets. Country risk is assessed internally before investment. The portfolio management limits any individual stock to a 7% maximum absolute position.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | BFL0019AU | Status: | Open |
| Peer Group: | Infrastructure | Inception Date: | Mar 2016 |
| Strategy: | Infrastructure | Style: | Value |
| Geography: | Global | Domicile: | Australia |
| Investors: | Retail | Distributions: | Quarterly |
| Fund Size: | AU$ 334.97m | Manager FUM: | AU$ 792.94m |
| Applications: | Daily, Initial: AU$ 25,000 | Redemptions: | Daily |
| Management Fee: | 1.00% (PG avg: 0.88%) | Performance Fee: | 10.25% (PG avg: 8.22%) |
| Buy/Sell Spread: | 0.3%/0.3% (PG avg: 5.50%/0.13%) | Hurdle: | OECD G7 inflation index + 5.5% per annum |
| Early Redemption Fee | No | High Water Mark: | Yes |
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4D Global Infrastructure Fund (Unhedged)
Performance vs Infrastructure and S&P Global Infrastructure TR Index (AUD)
Since inception in Mar 2016, the Fund has returned 9.61% p.a., vs the Peer Group's return of 9.16% over the same period. Over the past 12 months, the Fund has returned 6.63% vs the Peer Group's 9.26%. For the 3, 5 and 7 year periods, the Fund has returned 9.96%, 9.04% and 7.76% respectively vs the Peer Group's returns of 10.71%, 9.48% and 7.75% respectively. The Fund's returns have been delivered with a volatility of 11.5% p.a. vs the Peer Group's 9.57%.
Only seven years of data shown. Click here to view all data.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.34 | 5.26 | -2.11 | -0.49 | -4.67 | NA | NA | NA | NA | NA | NA | NA | 0.03 |
| 2025 | 1.17 | 0.56 | 3.62 | 5.26 | 1.87 | 1.19 | -0.83 | 1.72 | 0.17 | 2.55 | 4.18 | -2.39 | 20.50 |
| 2024 | -0.61 | 0.41 | 1.76 | -1.78 | 2.75 | -4.91 | 7.19 | 0.27 | 1.25 | 0.63 | -0.63 | -0.29 | 5.75 |
| 2023 | 4.33 | 0.97 | 4.49 | 5.05 | -2.97 | 2.26 | 0.86 | -2.20 | -4.10 | -1.63 | 7.53 | 1.93 | 17.03 |
| 2022 | 1.03 | -1.76 | 1.93 | 1.65 | 2.33 | -5.82 | 2.27 | -1.08 | -6.58 | 5.20 | 3.58 | -2.25 | -0.24 |
| 2021 | -2.99 | -1.27 | 6.37 | 2.38 | 2.91 | 0.55 | 2.06 | 1.65 | -2.51 | -1.43 | 0.38 | 2.93 | 11.17 |
| 2020 | 5.11 | -2.94 | -16.56 | 2.21 | 4.98 | -2.04 | -1.78 | -2.15 | -1.94 | 0.83 | 9.76 | -0.75 | -7.38 |
| 2019 | 7.52 | 2.78 | 2.07 | 3.16 | 0.96 | 3.13 | 0.87 | 1.26 | 2.22 | 0.06 | 0.87 | 1.34 | 29.38 |
| 2018 | -0.84 | -2.46 | 0.86 | 3.03 | -2.88 | 2.73 | 1.38 | -0.73 | 0.20 | -0.97 | -1.16 | 1.54 | 0.50 |
| 2017 | -2.58 | 3.97 | 5.91 | 3.50 | 4.37 | -1.01 | -0.84 | 2.63 | 0.40 | 3.51 | 2.18 | -1.56 | 22.03 |
| 2016 | NA | NA | 2.64 | 3.41 | 3.06 | -1.16 | 2.86 | -0.44 | -2.64 | -2.35 | -4.90 | 5.19 | 5.31 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 6.63% | 9.96% | 9.04% | 7.76% | 9.61% |
| Peer Group | 9.26% | 10.71% | 9.48% | 7.75% | 9.16% | |
| Index2 | 5.25% | 13.77% | 12.90% | 9.22% | 9.98% | |
| Volatility | Fund | 9.51% | 9.98% | 10.31% | 12.32% | 11.50% |
| Peer Group | 7.07% | 7.83% | 9.10% | 10.35% | 9.57% | |
| Index | 7.96% | 8.57% | 8.96% | 12.06% | 11.29% | |
| Sharpe | Fund | 0.33 | 0.60 | 0.61 | 0.49 | 0.68 |
| Peer Group | 0.76 | 0.83 | 0.72 | 0.56 | 0.76 | |
| Index | 0.21 | 1.09 | 1.07 | 0.61 | 0.73 | |
| Sortino | Fund | 0.42 | 0.93 | 0.87 | 0.60 | 0.94 |
| Peer Group | 1.45 | 1.38 | 1.05 | 0.73 | 1.08 | |
| Index | 0.29 | 1.94 | 1.71 | 0.74 | 0.95 | |
| Largest Drawdown | Fund | -7.14% | -7.73% | -10.99% | -19.77% | -19.77% |
| Peer Group | -2.70% | -6.62% | -9.41% | -16.90% | -16.90% | |
| Index | -5.08% | -6.58% | -8.36% | -24.67% | -24.67% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
4D Global Infrastructure Fund (Unhedged) - Annualised Return vs. Standard Deviation
Please view https://fundmonitors.com/disclaimer.php for the full disclaimer. The content is updated monthly and only the current version should be used.
4D Global Infrastructure Fund (Unhedged)
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Bennelong Funds Management |
| Custodian: | Citigroup |
| Administrator: | Citigroup |
| Auditor: | Deloitte |
| Legal: | Not Applicable |
| Prime Broker: | Not Applicable |
Available on Investment Platforms
North, BT Panorama, CFS Edge, Colonial FirstWrap, DASH, HUB24, Macquarie Wrap, Mason Stevens, Netwealth, Praemium
Key Staff
Sarah Shaw
Principal, CEO/CIO and Global Portfolio Manager
Years in industry: 37, Years at Firm: 12
Christopher James
Investment Analyst
Years in industry: 12, Years at Firm: 7
Peter Aquilina
Senior Investment Analyst and Head of ESG
Tim Snelgrove
Head of Trading, Markets and Macro Strategy
Years in industry: 18, Years at Firm: 4
About AFM's Fund Reviews and Star Ratings
AFM's proprietary Star Rating system provides a quantitative ranking of performance and risk of funds in its peer group relative to similar funds. Funds must have a minimum 1 year track record.
Star Ratings for Performance reflects annualised return. Risk is a combination of downside deviation, maximum drawdown and longest drawdown, which are allocated in reverse.
| AFM Star Rating | Relative performance band compared to funds in the same Peer Group |
|---|---|
| ★ ★ ★ ★ ★ | Premium: The fund is in the top 10% of all funds in its peer group. |
| ★ ★ ★ ★ ☆ | Top Quartile: The fund ranges between 75 and 90% of all funds in its peer group. |
| ★ ★ ★ ☆ ☆ | Second Quartile: The fund ranges between 50 and 75% of all funds in its peer group. |
| ★ ★ ☆ ☆ ☆ | Third Quartile: The fund ranges between 25 and 50% of all funds in its peer group. |
| ★ ☆ ☆ ☆ ☆ | Fourth Quartile: The fund is in the lowest 25% of all funds in its peer group. |
All performances, rankings and Star Ratings are updated monthly. Past performance does not guarantee future performance.
Copyright
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Disclaimer
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