Infrastructure Debt

As at (Unless otherwise indicated)

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Fund Strategy

Portfolio of high-quality, long term infrastructure related fixed-income securities that provides yield enhancement with an emphasis on capital preservation.

The strategy offers a stable, de-risking complement to traditional investment approaches.

Through rigorous due diligence and extensive fundamental research conducted by our highly experienced internal infrastructure investment team, the strategy focuses mainly on asset selection and shall invest primarily in debt investments relating to essential assets with monopoly characteristics in regulated environments or with acceptable long term contractual regimes.

The strategy has the flexibility to optimize its portfolio through both public and private infrastructure debt investments.

Management Style
Reasons to Own the Fund
  • A significant source of yield enhancement in a low interest rate environment
  • Disciplined, credit-focused approach with rigorous due diligence and ongoing monitoring
  • Complementary fixed income strategy within the context of a long term de-risking framework
Size
$743 millions
Inception
Fund Statistics

Annual as at September 30, 2018

Q3 2018YTD - 20182017201620152014201320122011201020092008
Infractructure Debt-1.58-0.338.163.62
Benchmark-1.72-1.225.351.90
Added Value0.140.892.811.72

Annualized as at September 30, 2018

1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 YSI
Infractructure Debt3.380.864.072.34
Benchmark2.68-1.142.640.89
Added Value0.702.001.431.45

Returns are presented gross of management fees.
Benchmark: FTSE TMX Index Blend Based on Fund Duration

  • David Frei Fiera Capital

    David Frei

    CFA
    Vice President and Senior Portfolio Manager, Infrastructure Bonds

    David Frei is the lead manager for the Infrastructure Fixed Income strategy and is a member of this strategy’s Investment Committee.

    Mr. Frei has 19 years of investment experience and joined the firm in 2011. Prior experiences include positions as Senior Manager - Project Finance and Director - Securitization and Structured Finance with major Canadian infrastructure and investment brokerage organizations.

    Mr. Frei graduated from Queen’s University with an Honors Bachelor of Commerce (BComm). He also obtained the Chartered Financial Analyst (CFA) designation.

They are supported by one analyst.