Fact sheet: International Public Partnerships IT

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
IT Infrastructure
Fund type
Investment Trust
Primary aim
No data available.
Why Money Observer Rates International Public Partnerships IT

New for 2017. A growing long-term income from infrastructure

This trust invests around the world in companies owning or operating different types of infrastructure. It aims to pay a predictable and attractive yield, recently 4.3 per cent, with income paid half yearly. It also targets minimum annual dividend growth of around 2.5 per cent.

Its investments include schools, courthouses, health facilities and other public sector buildings, rail operations, rolling stock leasing businesses, waste water and offshore electricity transmission asset-owning companies. Its investments are located in the UK, Europe, Australia and North America.

The trust's portfolio is managed by Amber Infrastructure. Its investment policy is to continue to acquire assets that are already operational as well as those still in the construction phase, and then to hold them for the long term or life of the asset (or concession), unless there is a strategic rationale for earlier realisation. Its average concession length is over 20 years.

It invests in over 120 assets spread across eight countries in a variety of sectors. Of these, around 90 per cent are operational and 10 per cent are under construction, the latter providing prospects for capital appreciation. Normally they are supported by government-backed revenues, providing strong contractual certainty of future cash flows.

Nearly 90 per cent of its investments have been originated directly from the public sector, rather than via the secondary market. This has given it exposure to growth sectors with strong inflation protection, as well as innovative projects such as the Thames Tideway Tunnel.

3 Year Performance
Fund Performance25.9%
Average of Rated Funds Group46.9%
Sector Performance19%
Fund information
Fund name
International Public Prtnrship Ltd
Fund manager company
Amber Infrastructure Group
Fund type
Investment Trust
Fund manager
No data available.
Fund objective
We aim to provide our investors with sustainable long-term returns through growing dividends, with the potential for capital appreciation.
No data available.
Investment style
No data available.
Investment method
Quick stats
1 Year return
1 Year rank in sector
IT Infrastructure
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
Fund size
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
Mid price
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
Top in this sector
Fund name1 Year
3i Infrastructure6%
GCP Infrstrctre Invs Ld0.9%
Intl Public Prtnrship Ltd0.8%
...more in IT Infrastructure

Performance snapshot

Holdings snapshot

  • UK75%
  • Energy21%
    Gas Distribution15%
  • UK Equities75%
    Belgian Equities10%
    Australian Equities6%
    German Equities3%
    US Equities3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector3 / 77 / 74 / 74 / 72 / 63 / 6
Calendar performance
 YTD - 20182017201620152014
Rank within sector2 / 74 / 73 / 72 / 65 / 6
Risk statistics
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
Price movement
52 week high166.6
52 week low147.2
Current bid price150.6
Current offer price150.8
Current mid price150.8
Industry sector
4Gas Distribution15%
7Health Care5%
8Building & Construction3%
Asset type
1UK Equities75%
2Belgian Equities10%
3Australian Equities6%
4German Equities3%
5US Equities3%
6Canadian Equities2%
7Irish Equities1%
Individual holdings
No data available.
Fund manager group
Amber Infrastructure
Fund manager company
Amber Infrastructure Group
Fund type
Investment Trust
Fund objective
We aim to provide our investors with sustainable long-term returns through growing dividends, with the potential for capital appreciation.
No data available.
Investment style
No data available.
Investment method
Fund manager
No data available.
AIC Member, Offshore
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
International Public Prtnrship Ltd
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price144.7
Price updated30/06/2017
Institutional or retail classRetail
Citi codeNMXL
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.