Portfolio overview

As at 30 April 2026

Geographical allocation

% of portfolio

North America

41.5

Cont. Europe

39.0

United Kingdom

12.9

Rest of World

6.6

Sector allocation

% of portfolio

Integrated Utilities 

32.7

Regulated Utilities 

28.0

Renewables & Nuclear 

16.1

Transportation Infrastructure

15.7

Environmental Services

7.5

10 largest holdings

% of portfolio

Country of listing

National Grid

4.5

UK

NextEra Energy

4.1

US

Iberdrola

3.9

Spain

Veolia Environment 

3.8

France

Enel

3.5

Italy

Williams 

3.2

US

E.ON

3.1

Germany 

ENAV

3.0

Italy

Exelon

2.9

US

Dominion Energy 

2.8

US

Total (41 holdings)

34.8

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.