International Public Partnerships Limited (INPP)

A Select 50 Fund - Our view

Category Infrastructure Direct

This investment trust can be held in an Investment ISA, SIPP and Investment Account

Sell

124.40p

Buy

124.60p

arrow-up1.20p (+0.97%)

Discount/Premium

-17.07%

Estimated NAV

148.568p

Prices updated at 14 Nov 2024, 16:36 GMT

Prices minimum 15 mins delay

Prices in GBX

Investment objective

To provide our investors with long-term, inflation-linked returns, by growing our dividend and creating the potential for capital appreciation. The Company invests in public or social infrastructure assets and related businesses located in the UK, Australia, New Zealand, Europe, North America and other parts of the world where the risk profile meets the Company’s risk and return requirements.

FTSE All-Share

0.55%

LSE

Important notice: This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. Please refer to the FCA website which details further information in relation to sustainability disclosure requirements for retail clients.

Important documents: Please ensure that you have read the Key Information Document/Technical Guide , Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Why we like the fund: This fund invests in private infrastructure projects and companies, such as electric, gas and water utilities, renewable energy, hospitals and care facilities, toll roads, railways and digital cabling. These investments tend to be in partnership with the government and have a steady, reliable source of customers who are dependent on them for their daily lives. This creates a steady income stream and one that is usually linked to inflation (therefore providing an inflation hedge). The fund invests primarily in UK infrastructure, with around 25% invested outside the UK. The team is highly experienced, well-resourced, locally based and dedicated to infrastructure investing. They tend to invest early in projects and stay invested for the long term. How to use the fund: This is an investment trust, which gives the manager more freedom to invest relative to an open-ended fund. For example, it can borrow money to invest and it does (albeit to a limited degree). This fund could be a useful addition to a portfolio with an income requirement (and some inflation protection). Investors in the fund may experience periods of capital loss, although these have been temporary in the past.

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Any ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar accepts no responsibility or liability whatsoever for the actions of third parties in this respect.