Key Highlights

Annual Yield of 18.77% with quarterly distributions totaling 0.134 per unit

Fund size of AUD 1.04 billion focusing on global infrastructure securities

Management fee of 1.03% for actively managed infrastructure exposure

Currency hedging mechanism to reduce foreign exchange volatility

Introduction

The CB Global Infrastructure Value (Hedged) Active ETF (ASX:CIVH) represents a specialized Investment vehicle designed for investors seeking income from global infrastructure Assets while managing currency exposure. This fund operates within the infrastructure investment category, targeting securities issued by entities with primary focus on ownership, management, and operation of infrastructure and utilities assets worldwide.

Distribution Strategy and Yield Characteristics

The fund has generated a distribution of 0.134 per unit with an annual yield reaching 18.77% as of the most recent reporting period. The distribution composition reflects the income derived from dividends, distributions, and interest received from underlying infrastructure holdings. Distribution records indicate 0.040 in April 2026, 0.030 in January 2026, 0.007 in October 2025, and 0.015 in July 2025, demonstrating consistent quarterly income generation. This distribution pattern addresses the investment objectives of income-focused investors seeking regular Cash Flow from their holdings.

Portfolio Structure and Asset Allocation

With approximately 921.65 million units outstanding and a total fund size of AUD 1.04 billion, CIVH maintains diversified exposure across infrastructure securities globally. The fund's active management approach involves selection and monitoring of infrastructure investments with emphasis on value characteristics. The portfolio composition emphasizes utilities and industrials sectors, which traditionally provide stable income streams through operational revenues and regulatory frameworks.

The fund implements a currency hedging strategy as a core feature of its mandate. This hedging mechanism aims to neutralize the impact of foreign currency movements against the Australian dollar, presenting the fund's returns in AUD terms without the Volatility typically associated with international currency fluctuations. The hedging strategy involves maintaining a neutral position with respect to foreign exchange exposure, allowing investors to focus on the underlying infrastructure asset performance rather than currency dynamics.

Risk and Performance Metrics

The fund exhibits a Beta of 1.18 and a Standard Deviation of 14.20, indicating moderate volatility relative to broader market movements. These risk metrics suggest that the fund experiences price movement variations somewhat in excess of overall market benchmarks. The infrastructure sector's characteristics, including long-term contract revenues and regulatory oversight, contribute to the fund's risk profile.

Management and Operational Framework

The fund operates with a management fee of 1.03%, positioning it within the moderate fee range for actively managed infrastructure funds. Active management involves ongoing assessment of infrastructure opportunities, particularly focusing on value metrics and income-generating potential. The fund was admitted to trading on the ASX on 14 April 2025, representing a relatively recent addition to the Australian ETF landscape.

Benchmark Alignment and Investment Objectives

The fund targets outperformance of the OECD G7 Inflation index plus 5.5% per annum benchmark. This benchmark construction reflects the fund's dual objectives: providing returns that exceed inflation in developed economies while delivering income exceeding the inflation-adjusted benchmark return threshold. The fund's approach to infrastructure investment encompasses consideration of long-term value creation within the infrastructure sector, where assets typically operate under regulatory frameworks providing Revenue predictability. The combination of income distributions and potential Capital appreciation aligns with the investment requirements of income-oriented portfolios.

Conclusion

The CB Global Infrastructure Value (Hedged) Active ETF provides investors with exposure to global infrastructure securities combined with currency hedging to reduce foreign exchange volatility. The fund's 18.77% annual yield and consistent distribution record make it suitable for investors prioritizing income generation from infrastructure assets. The active management approach and focus on value characteristics distinguish this fund from passive infrastructure alternatives. Investors considering CIVH should evaluate their Risk tolerance regarding infrastructure asset volatility and their preference for actively managed versus passive exposure strategies. The fund's currency hedging mechanism specifically addresses the needs of Australian investors concerned with foreign exchange movements affecting international holdings.