Portfolio overview

As at 30 Sep 2025

Geographical allocation

% of portfolio

North America

41.3

Cont. Europe

38.0

United Kingdom

12.4

Rest of World

8.3

Sector allocation

% of portfolio

Regulated Utilities

32.7

Integrated Utilities

29.0

Transportation Infrastructure

16.7

Renewables and Nuclear

14.5

Environmental Services

7.1

10 largest holdings

% of portfolio

Country of listing

Xcel Energy

4.0

US

National Grid

4.0

UK

Constellation Energy

3.7

US

Enav

3.6

Italy

Exelon

3.5

US

NextEra Energy

3.5

US

Vinci

3.5

France

E.ON

3.5

Germany

Enel

3.4

Italy

Veolia Environnement

3.2

France

Total (41 holdings)

35.9

Portfolio Managers

Jean-Hugues de Lamaze

Portfolio Manager

ReadClose biography: Jean-Hugues de Lamaze

Source: Redwheel

The information shown above is for illustrative purposes only and is not intended to be, and should not be interpreted as, recommendations or advice.