About The Fund

About UTA

Utilities Trust of Australia (“UTA” or the “Fund”) is an open-ended core infrastructure fund for institutional investors with a long-term investment horizon and a low-to-moderate appetite for risk.  The Fund has a globally diversified portfolio of quality assets and a track record of delivering strong returns with low volatility over time. 
 
UTA was established in 1994 and is one of Australia’s first infrastructure investment funds. As at 30 June 2018, UTA had more than $6 billion in assets under management, including invested capital and undrawn commitments. UTA is managed by Morrison & Co Utilities Management (Australia) Pty Ltd (ABN 66 624 308 809) ("Manager"). UTA provides global investors with an established and diversified infrastructure portfolio. 

The portfolio has been constructed to protect against inflation, deliver strong cash yields and have low volatility. The open-ended nature of the Fund allows the UTA Trustee to take a long-term view and the Manager to actively manage the assets to enhance value over time.

UTA is focused on investing in infrastructure assets globally and has outperformed its benchmark since inception, delivering a net return of 11.58% per annum across 24 years to 30 June 2018.

Morrison & Co took over as Manager on 1 July 2018 from Hastings Fund Management.

Fund Profile

 
Feature  
Description
Established

1994

Net asset value

A$6.3 billion (as at 30 June 2018)

Benchmark

10 year Australian Government Bond Rate plus four percent per annum

Return objective

To consistently provide investors with benchmark-plus returns over the medium term by taking influential positions in infrastructure projects in Australia and select countries globally

Investment strategy
  • Diversify across risk and stage of maturity according to UTA’s asset selection and portfolio parameters matrix

  • Seek assets with characteristics that provide consistency of returns

  • Diversify the portfolio across infrastructure sectors

  • Take influential minority positions

  • Actively manage the portfolio

Fund structure

Open-ended

Unit pricing and valuations

Net asset value per unit issued monthly

Distributions

Annual distributions of the Fund’s entire taxable income as at 30 June each year, although the UTA Trustee may make more frequent distributions from time to time


Number of assets

10

UTA has a proven track record

UTA Financial Returns

As at 30 June 2018
Financial returns have not been audited.