Caldwell-Lazard CorePlus Infrastructure Fund · CSE:CPIF

Caldwell-Lazard CorePlus Infrastructure Fund — Investor Presentation (April 2024)

38 slides from Caldwell-Lazard CorePlus Infrastructure Fund's investor presentation, April 2024

  1. Slide 1: Caldwell-Lazard CorePlus Infrastructure Fund, April 2024

    ADVISOR USE ONLY Series A: CWF 900 Series F: CWF 901 April 2024

  2. Slide 2: Redefining Infrastructure Investing

    Caldwell-Lazard CorePlus Infrastructure Fund Redefining Infrastructure Investing Core - Allocation to a portfolio of high-quality global infrastructure companies Caldwell-Lazard CorePlus Infrastructure  Bellwether companies delivering stability and consistent growth Plus - Breaks free from traditio

  3. Slide 3: Why Infrastructure?

    Caldwell-Lazard CorePlus Infrastructure Fund Caldwell-Lazard CorePlus Infrastructure Why Infrastructure? 3

  4. Slide 4: Massive and Increasing Infrastructure Investment Requirement

    Why Infrastructure? Massive and Increasing Infrastructure Investment Requirement US $79 Trillion US $94 Trillion US $15 Trillion Investment Current Trends Investment Needed Investment Gap Caldwell-Lazard CorePlus Infrastructure Annual Global Infrastructure Expenditures  US $94 Trillion Infrastructu

  5. Slide 5: G20 Annual Spend on Infrastructure Investment

    Why Infrastructure? G20 Annual Spend on Infrastructure Investment Current G20 Government Budget Projected G20 Government Budget Caldwell-Lazard CorePlus Infrastructure for Infrastructure for Infrastructure Equivalent to: Estimated to: US US ≈4% of $978 1% of G20 GDP $3.7 Current G20 GDP* Billion Tri

  6. Slide 6: Risk Adjusted Performance

    Why Infrastructure? Risk Adjusted Performance An allocation to Infrastructure equities can enhance returns and lower volatility Caldwell-Lazard CorePlus Infrastructure 12% U.S. Equities Global Infrastructure 10% Global Equities U.S. Equities Canadian Equities Global Equities 8% Natural Resources 20

  7. Slide 7: Infrastructure Stocks are Attractively Priced

    Why Infrastructure? Infrastructure Stocks are Attractively Priced MSCI ACWI Infrastructure Index Below its Historical Average Caldwell-Lazard CorePlus Infrastructure 20.0 19.0 Adjusted Price / Estimated Earnings 15.9 (Average) 18.0 17.0 16.0 15.0 14.0 13.0 Adjusted Price/Estimated Earnings Avg - Adj

  8. Slide 8: Why Fund?

    Caldwell-Lazard CorePlus Infrastructure Fund Caldwell-Lazard CorePlus Infrastructure Why Caldwell-Lazard CorePlus Infrastructure Fund? 8

  9. Slide 9: Fund Overview - Redefining Infrastructure Investing

    Why Caldwell-Lazard CorePlus Infrastructure Fund? Fund Overview - Redefining Infrastructure Investing Caldwell-Lazard CorePlus Infrastructure Actively managed, diversified portfolio of high quality global infrastructure stocks Distinct investment approach that capitalizes on transformative infrastru

  10. Slide 10: Lazard's Extensive Experience in Managing Real Assets

    Why Caldwell-Lazard CorePlus Infrastructure Fund? Lazard’s Extensive Experience in Managing Real Assets Caldwell-Lazard CorePlus Infrastructure US $14B 2005 Approximate Assets Under The year Lazard commenced investing Management in infrastructure in dedicated Infrastructure mandates and real asset m

  11. Slide 11: Key Members of the Portfolio Management Team

    Why Caldwell-Lazard CorePlus Infrastructure Fund? Key Members of the Portfolio Management Team Portfolio Management Caldwell-Lazard CorePlus Infrastructure Fundamental Factors Quantitative Factors Data Science Dan McGoey, CFA Paul Moghtader, CFA Peter Kashanek Michael Per Director, Portfolio Manager

  12. Slide 12: Key Members of the Portfolio Management Team

    Why Caldwell-Lazard CorePlus Infrastructure Fund? Key Members of the Portfolio Management Team Portfolio Design Asset Allocation Quantitative Factors Fundamental Factors Data Science Kim Tilley Jai Jacob Paul Moghtader Tjeert Keijzer Michael Per Caldwell-Lazard CorePlus Infrastructure (2000/2002) (1

  13. Slide 13: CorePlus – A Unique Investment Approach

    Why Caldwell-Lazard CorePlus Infrastructure Fund? CorePlus – A Unique Investment Approach Caldwell-Lazard CorePlus Infrastructure CORE – Portfolio Emphasis on traditional global infrastructure companies Modern  Utilities, transportation and communication infrastructure, Mobility energy storage/tran

  14. Slide 14: The "Core" Component

    Why Caldwell-Lazard CorePlus Infrastructure Fund? The “Core” Component  Core Infrastructure Assets are distinguished by the following characteristics: Caldwell-Lazard CorePlus Infrastructure  A high fixed capital cost of investment  Physical assets with a long operational life  Stable, predictab

  15. Slide 15: The "Plus" Component

    Why Caldwell-Lazard CorePlus Infrastructure Fund? The “Plus” Component 4 Key Growth Trends within Infrastructure that are positioned for Accelerated Investment Caldwell-Lazard CorePlus Infrastructure  Invested in companies expected to be meaningful, and often early, beneficiaries of accelerated inf

  16. Slide 16: Modern Mobility

    Why Caldwell-Lazard CorePlus Infrastructure Fund? Modern Mobility Caldwell-Lazard CorePlus Infrastructure  A considerable amount of infrastructure investment in roads, bridges, airports, passenger rail, electric vehicles and related transportation improvements will be directed towards infrastructur

  17. Slide 17: Energy Transition

    Why Caldwell-Lazard CorePlus Infrastructure Fund? Energy Transition Caldwell-Lazard CorePlus Infrastructure  “Core” exposure to this category achieved through Infrastructure holdings in Utilities, Energy Storage & Transportation sectors  Supplemental “Plus” exposure gained through:  Renewable ene

  18. Slide 18: Digital Infrastructure

    Why Caldwell-Lazard CorePlus Infrastructure Fund? Digital Infrastructure Caldwell-Lazard CorePlus Infrastructure  Exponential growth of “data” expected to continue for the foreseeable future due to increasing consumer, enterprise, and machine-generated applications (E.g. ongoing innovation in cloud

  19. Slide 19: Supply Chain Efficiency

    Why Caldwell-Lazard CorePlus Infrastructure Fund? Supply Chain Efficiency Caldwell-Lazard CorePlus Infrastructure  Efficient supply and transportation of goods is crucial to the growth of a productive economy  Necessary investments expand beyond “Core” categories such as roads, airports, railroads

  20. Slide 20: Investment Process and Portfolio

    Caldwell-Lazard CorePlus Infrastructure Fund Caldwell-Lazard CorePlus Infrastructure Investment Process and Portfolio 20

  21. Slide 21: A Quantamental Investment Process

    Investment Process and Portfolio A Quantamental Investment Process Dimension Discipline Rationale Caldwell-Lazard CorePlus Infrastructure  Incorporates Strategic and Tactical views Top-Down Fundamental  Leverages more than two decades of Infrastructure investment fundamental research Industry & Ma

  22. Slide 22: CorePlus Portfolio: Top 20 Holdings

    Investment Process and Portfolio CorePlus Portfolio As of March 31, 2024 Top 20 Holdings Top 10 “Core” Holdings Top 10 “Plus” Holdings Caldwell-Lazard CorePlus Infrastructure % Portfolio % Portfolio Targa Resources Corp. 2.9% Equinix Inc. 2.7% Energy Transfer LP 2.7% Prologis Inc. 2.5% SBA Communica

  23. Slide 23: CorePlus Portfolio: Core & Plus Weightings

    Investment Process and Portfolio CorePlus Portfolio As of March 31, 2024 Core & Plus Weightings* Allocation to Key Growth Trends Caldwell-Lazard CorePlus Infrastructure Energy Transition 10% 50% 28% Supply Chain Efficiency 10% 50% 72% Modern Mobility 10% 50% Digital Infrastructure Core Plus 10% 50%

  24. Slide 24: CorePlus Portfolio: Sector and Geographic Allocation

    Investment Process and Portfolio CorePlus Portfolio As of March 31, 2024 Sector Weightings Geographic Allocation Caldwell-Lazard CorePlus Infrastructure 60% 60% 50% 50% 40% 40% 30% 30% 20% 20% 10% 10% 0% 0% CorePlus Portfolio Portfolio MSCI ACWI Infrastructure NR Index (CAD) CorePlus Portfolio MSCI

  25. Slide 25: Performance of Lazard's U.S. version of the CorePlus Strategy

    Investment Process and Portfolio Performance of Lazard’s U.S. version of the “CorePlus” Strategy Caldwell-Lazard CorePlus Infrastructure Returns as of March 31, 2024* 1 Year Since Inception* Lazard Infrastructure Opportunities Composite 11.2% 11.6% (Lazard’s U.S. domiciled version of the CorePlus St

  26. Slide 26: Advisor and Client Servicing

    Caldwell-Lazard CorePlus Infrastructure Fund Caldwell-Lazard CorePlus Infrastructure Advisor and Client Servicing 26

  27. Slide 27: Caldwell Investment Management Ltd.

    Investment Team & Capabilities Caldwell Investment Management Ltd. Caldwell-Lazard CorePlus Infrastructure  Engaged as Fund Manager and administrator on Caldwell-Lazard CorePlus Infrastructure  Considerable expertise in managing and administrating public investment funds  Majority employee-owned

  28. Slide 28: Relationship Management Team

    Investment Team & Capabilities Relationship Management Team Caldwell-Lazard CorePlus Infrastructure Richard Faiella, CFA Alex Osborne, CFA Senior Vice President & Portfolio Manager Vice President, Client Portfolio Strategist & Portfolio Manager Tel: 416.593.0353, ext. 242 or 1.800.256.2441, ext. 242

  29. Slide 29: Relationship Management Team

    Investment Team & Capabilities Relationship Management Team Caldwell-Lazard CorePlus Infrastructure Cole Cedar Matthew Hopton Senior Inside Sales Associate Inside Sales Associate Tel: 416.593.0353, ext. 237 or 1.800.256.2441, ext. 237 Tel: 416.593.0353, ext. 292 or 1.800.256.2441, ext. 292 ccedar@ca

  30. Slide 30: Key Takeaways

    Investment Team & Capabilities Key Takeaways  Access to Lazard Asset Management’s extensive infrastructure expertise Caldwell-Lazard CorePlus Infrastructure  5% annualized yield, paid monthly*  Core - Actively managed, diversified portfolio of high quality global infrastructure stocks offering ca

  31. Slide 31: Series A: CWF 900 Series F: CWF 901

    Series A: CWF 900 Series F: CWF 901 ADVISOR USE ONLY

  32. Slide 32: Appendix

    Caldwell-Lazard COREPlus Infrastructure Fund Caldwell-Lazard CorePlus Infrastructure Appendix 32

  33. Slide 33: Lazard By The Numbers

    Appendix Lazard By The Numbers US $197.4B1 900+ 300+ 17 1848 Assets Under Investment Caldwell-Lazard CorePlus Infrastructure Employees Countries Lazard Frères & Management Personnel Co. Founded THE AMERICAS EUROPE ASIA Boston Amsterdam Dubai Montreal Brussels Hong Kong New York Dublin Melbourne Palo

  34. Slide 34: Assets Under Management

    Appendix Assets Under Management By Client Type By Investment Mandate Caldwell-Lazard CorePlus Infrastructure Endowments & Foundations 2.3% Convertibles 3.6% Fixed Individual Income Real Multi Asset 11.4% 9.5% Assets 4.2% Labor/Taft-Hartley Other 2 7.8% 3.1% 18.7% Alternatives US Equity 2.1% 20.0% P

  35. Slide 35: Biographies: Infrastructure Solutions Team

    Appendix Biographies Infrastructure Solutions Team Dan McGoey, CFA Caldwell-Lazard CorePlus Infrastructure Director, Portfolio Manager/Analyst Lazard Asset Management LLC (New York) Dan McGoey is a Portfolio Manager/Analyst on the Lazard Multi-Asset investment team focusing on Real Assets. Dan began

  36. Slide 36: Biographies: Infrastructure Solutions Team

    Appendix Biographies Infrastructure Solutions Team Peter Kashanek Caldwell-Lazard CorePlus Infrastructure Director, Portfolio Manager/Analyst Lazard Asset Management LLC (Boston) Peter Kashanek is a Portfolio Manager/Analyst on Lazard's Equity Advantage team. He began working in the investment field

  37. Slide 37: Important Information

    Appendix Important Information Securities and instruments of infrastructure companies are more susceptible to adverse economic or regulatory occurrences affecting their industries. Infrastructure companies may be subject to a variety of factors that may adversely affect their business or operations,

  38. Slide 38: Important Information

    Appendix Important Information Approximate annualized yield of 5% is based on a monthly distribution of $0.042 per unit. The information contained herein provides general information about the Fund at a point in time. Investors are strongly encouraged to consult with a financial advisor and review t

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