The fund seeks total return by investing in companies outside the United States.

The fund manages assets with the help of two sub-advisers namely, Cohen & Steers Asia Limited, and Cohen & Steers UK Limited.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportuniti More

The fund seeks total return by investing in companies outside the United States.

The fund manages assets with the help of two sub-advisers namely, Cohen & Steers Asia Limited, and Cohen & Steers UK Limited.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in U.S. and non-U.S. securities issued by infrastructure companies, which consist of utilities, pipelines, toll roads, airports, railroads, marine ports, telecommunications companies and other infrastructure companies.

Infrastructure companies are companies that derive at least 50% of their revenues from, or have at least 50% of their assets committed to, the management, ownership, operation, construction, development, servicing or financing of assets used in connection with the generation, production, transmission, sale or distribution of electric energy, natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, coal or other energy sources.

Also, the team considers infrastructure companies as companies that are involved in the distribution, purification and treatment of water, provision of communications services, or the provision of transportation services.

The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on companies that have the potential to provide an attractive total return through a combination of current income and capital appreciation.

The team evaluates each company on the basis of valuation multiples such as cash flow, earnings, and  book values as well as earnings growth rate, and dividend yield.

Also, the research team integrates environmental, social and governance factors as part of its process.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund will invest in infrastructure companies primarily in developed countries, but may invest in securities of infrastructure companies domiciled in emerging market countries.

Typically, emerging markets are in countries that are in the process of industrialization, with lower gross national products per capita than more developed countries.

The fund may invest in infrastructure securities that in certain instances are structured as Real Estate Investment Trusts.

Additionally, the fund may invest up to 20% of its net assets in below investment grade securities.