DRAFT FP FORESIGHT SUSTAINABLE REAL ESTATE SECURITIES FUND INVESTOR PRESENTATION June 2020
Table of Contents 1 Introduction to Foresight 4 2 Investment Philosophy: Sustainable Real Estate 11 3 Investment Strategy and Process 17 4 The Portfolio 22 FP Foresight Sustainable Real Estate Securities Fund | 2
OEICs This has been approved as a financial promotion for the purposes of Section 21 of the Financial Services and Markets Act 2000 by Foresight Group LLP (“Foresight Group”) . Foresight Group is authorised and regulated by the Financial Conduct Authority (FRN 198020). Its registered office is The Shard, London SE1 9SG. FundRock Partners Limited is the authorised corporate director of the Fund and Foresight Group is the investment manager. We recommend investors seek professional advice before deciding to invest. Investors must read the Fund Prospectus (“Prospectus”) and Key Investor Information Document (“KIID”), dated June 2020, before making an investment decision. The opportunity described in this document may not be suitable for all investors. Attention should be paid to the risk factors set out in the Prospectus. Words and expressions defined in the Prospectus shall have the same meaning in this Investor Factsheet. Foresight Group does not offer investment or tax advice. The value of an investment in the Fund, and any income from it, can fall as well as rise. Investors may not get back the full amount they invest. Past performance is not a reliable indicator of future results. This presentation contains simulated past performance information, which is no guarantee of future performance. Personal opinions may change and should not be seen as advice or a recommendation. There are a number of other risks connected to an investment in the Fund, including (but not limited to) counterparty risk, liquidity risk and volatility. These risks are explained in the Fund Prospectus. The Fund focuses on the global listed real estate sector only and will have a less diverse portfolio than the average OEIC. We respect your privacy and are committed to protecting your personal data. If you would like to find out more about the measures we take in processing your personal information, please refer to our privacy policy, which can be found at https://www.foresightgroup.eu/privacy-cookies/. Capital is at risk. FP Foresight Sustainable Real Estate Securities Fund | 3
SECTION 1 Introduction to Foresight FP Foresight Sustainable Real Estate Securities Fund | 4
Foresight Group Overview A leading sustainability-driven global infrastructure and private equity manager £4.1bn £4.7bn £571m Infrastructure assets under Foresight Capital AUM management Management AUM 228 12 ESG group staff offices in 3 sustainability-led globally continents investments As at 31 March 2020 FP Foresight Sustainable Real Estate Securities Fund | 5
Foresight Capital Management Specialists in listed real assets Listed Real ▪ The Foresight Capital Management team have been managing OEICs that invest in Real Asset Asset real assets since 2017. Investment ▪ Investment The team have a specialist and wide ranging knowledge of the listed real asset Specialists market, with investments in infrastructure, renewable energy and property. Specialists ▪ Foresight Capital Management are significant investors in companies that provide a Leaders in Investment social or environmental benefit. This is a must for all investments. Sustainable Company ▪ The Foresight Sustainable Real Estate Securities Fund has included its Sustainable Experience Investing Investment Criteria into the Fund ’s investment policy. ▪ A real asset perspective to equity investing rather than an equity perspective to real An Asset First Sustainability Lead asset investing. Investment Team Approach ▪ The team are focused on the quality of both the asset and its future cash flows. ▪ T he Fund’s portfolios are truly global, and the management team have visited Active Mangers companies in Europe, North America and Asia Pacific. With Global ▪ The team are proactive in engaging with companies, both to assess their credentials Reach and to encourage improvements to their levels of sustainability . FP Foresight Sustainable Real Estate Securities Fund | 6
Foresight Capital Management Proven track record managing portfolios of listed real assets Total Return +25.8% Trailing Yield 5.30% NAV £502m Total Return +20.4% Trailing Yield 4.1% NAV £173m As at 8 June 2020, performance since inception FP Foresight Sustainable Real Estate Securities Fund | 7
Foresight Capital Management Investment Team The Fund is managed by a team of listed real asset investment specialists and material investment decisions are approved by the Fund’s Investment Committee. Fund Managers Investment Committee Mark Brennan Nick Scullion Eric Bright David Hughes Bernard Fairman Nigel Aitchison Philip Stephens Lead Fund Manager Co-Manager Investment Manager Chief Investment Chairman and Head of Independent Director Officer Founding Partner Infrastructure Mark is the Lead Fund Nick is the Head of Foresight Eric Bright joined Foresight David joined Foresight in 2004 Bernard formed Foresight Nigel Aitchison joined Philip retired from the City Manager responsible for Capital Management and is Group in 2019 and currently and is a member of the firm's Group in 1984. He has Foresight Group in 2009 and after nearly 40 years working investment decisions. He is responsible for fund works as an Investment Executive Committee and has managed multiple portfolios is a Partner and Head of in UK Corporate Finance for also the Lead Fund Manager management and growth of Manager. He has over 5 years over 40 years of investment through to IPO or trade sale. Infrastructure based in the various financial institutions for the FP Foresight UK Foresight's open-ended fund of experience, previously experience having started his Responsible for strategic London office. A member of including Lazard, Chase Infrastructure Income Fund, business. He is the lead managing a fund and career in 1974 at 3i where he direction and the firm's Executive Manhattan and UBS where he where he has a successful manager of the FP Foresight discretionary portfolios at was responsible for advising management of Foresight Committee, he has over 30 was head of UK Corporate track record of investing in Global Real Infrastructure Reyker Securities. He is public and private companies through organic growth and years of experience covering Finance. Since 2002 he has REITs. Prior to joining Fund. He joined Foresight responsible for fund on corporate strategy, acquisition to leading specific areas such as waste served on the boards of many Foresight in 2017, Mark held a Group in 2017 and has nine management in Foresight’s acquisitions, disposals, positions in the VCT and UK management, project finance companies as a non-executive range of roles within the years of experience in fund open-ended funds business. mergers and capital raising. environmental infrastructure and fund management. Director mostly as Chairman. alternative investment space, management, capital markets Eric is a CFA Charterholder. markets. including at Aberdeen and corporate finance. Standard Investments and the . UK Green Investment Bank. FP Foresight Sustainable Real Estate Securities Fund | 8
FP Foresight Sustainable Real Estate Securities Fund Fund features Fund Features FP Foresight Sustainable Real Estate Securities Fund Strategy Objective To provide an attractive income yield, that can be either distributed or reinvested, by investing in a global portfolio of sustainable listed real estate companies. Performance Objective The Fund aims to provide an income yield of 4% net of fees with a secondary objective to achieve capital growth over a rolling 5 year period. Fund Structure FCA authorised UCITS. Investment Universe Real estate companies, which will primarily be structured as a Real Estate Investment Trust “REIT”, who are listed on major global stock exchanges. Each company must be a viable long term investment and meet the Fund’s Sustainable Investment Criteria. Investment Style A real asset approach to equity investing rather than an equity approach to real asset investing. Sustainability is fully integrated into the investment process and the Fund’s Investment Policy. All investments must meet th e ESG Sustainable Investment Criteria. Investment Basis Long-only. Number of Stocks 20-35 listed real estate companies. Currency Management GBP unhedged share class launching June 2020. Hedged share classes pending investor demand. Inception 15 June 2020. FP Foresight Sustainable Real Estate Securities Fund | 9
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