Fund Facts
# of Holdings
Net AUM
Primary Benchmark
Oldest Share Class Inception
Access to Global Physical Infrastructure Assets
The Fund seeks global companies that own and operate underlying physical infrastructure assets. An infrastructure investment offers certain hard-to-replicate characteristics compared to other asset classes. These include: 1) stable and predictable demand as they provide critical services to customers; 2) high barriers to entry because infrastructure assets take substantial time and investment to develop and maintain; and 3) long-term contracted revenue streams. As a result, infrastructure historically offered less correlated risk and return characteristics compared to the overall global equity market.
With these inherent attributes, we believe the Fund could serve as a solid complement to an investor’s core equity portfolio, providing the potential opportunity to boost returns while seeking to reduce overall risk.
High-Quality Emphasis
Foresight’s actively managed, concentrated approach favors quality over quantity to provide exposure to leading global infrastructure stocks. As a specialist infrastructure manager with a multi-decade track record of investing across both public and private markets, its private market insight into infrastructure trends, news flow and valuation metrics is fed into the Portfolio Management team’s public market decision making.
As Foresight assesses the quality and operations of each holding at initial purchase as well as on an ongoing basis, the Portfolio Managers focus on asset and cash flow quality, with the belief that long-term ownership drives superior investment returns.
Investment Management
Reasons to Invest
-
1
Capitalize on a Long-Term Secular Trend
The drivers of infrastructure investment are stronger than ever. Whether it’s energy security, changing demographics, or digitalization, infrastructure will play a pivotal role. These transformative megatrends require trillions of dollars of investment, underpinning growth and providing a long tailwind for infrastructure investors. -
2
Buffer Against Inflation
Infrastructure asset-owning companies have had highly visible cash flows driving a steady return throughout market cycles. The underlying assets are often government contracted and inflation-linked with an earnings profile that can be typically less volatile than other equities. -
3
Leverage Global Infrastructure Specialists
The Fund is sub-advised by Foresight Group, an infrastructure and private equity manager headquartered in London with a multi-decade track record of investing across both public and private markets.
Fund Performance (%)
As of 6/30/26
| Class | MTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Since Inception |
|---|---|---|---|---|---|---|---|
| Institutional Class | -2.20 | 13.49 | 11.52 | 6.34 | - | - | 3.58 |
| S&P Global Infrastructure Index | 1.27 | 10.02 | 16.79 | 16.88 | 11.92 | 9.03 | 14.31 |
As of 6/30/26
| Class | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Since Inception |
|---|---|---|---|---|---|---|---|
| Institutional Class | 4.98 | 13.49 | 11.52 | 6.34 | - | - | 3.58 |
| S&P Global Infrastructure Index | 1.60 | 10.02 | 16.79 | 16.88 | 11.92 | 9.03 | 14.31 |
Expense Ratios (gross/net): Institutional 1.28%/1.07%; Expenses Capped at 1.05%. Inception date is 1/31/23.
Cromwell Investment Advisors has agreed to waive its management fees and/or reimburse Fund expenses to ensure that Total Annual Fund Operating Expenses do not exceed 1.07% of the Fund’s average daily net assets through at least 4/30/27..
The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 855.625.7333 or visit thecromwellfunds.com.
Portfolio As of 6/30/26
Geographic Exposure (%)
| Holding | Net |
|---|---|
| U.S. | 33.4 |
| United Kingdom | 24.7 |
| Canada | 17.7 |
| Other Europe | 13.2 |
| New Zealand | 5.8 |
| Australia | 3.6 |
Sector Weightings
| Sector | Exposure | |
|---|---|---|
| Utilities | 23.8% | |
| Digital Infrastructure | 23.4% | |
| Energy Generation & Storage | 21.4% | |
| Diversified Infrastructure | 11.9% | |
| Healthcare | 10.4% | |
| Transport | 9.1% |
Excludes cash.
Top 10 Holdings
| Holding | Percent |
|---|---|
| SSE PLC | 4.2% |
| Equinix Inc | 4.0% |
| Infratil Ltd | 3.8% |
| Brookfield Renewable Partners LP | 3.8% |
| National Grid PLC | 3.7% |
| Clearway Energy Inc | 3.7% |
| Transurban Group | 3.6% |
| Cellnex Telecom SA | 3.5% |
| Digital Realty Trust Inc | 3.2% |
| Exelon Corp | 3.2% |
| Total | 36.7% |
Literature
| Document | Download |
|---|---|
| Fact Sheet | |
| Commentary | |
| Holdings |
| Document | Download |
|---|---|
| Summary Prospectus | |
| Prospectus |