NYLI CBRE Global Infrastructure Fund Class A
VCRAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 51 Madison Avenue New York NY United States of America 10010
- IPO Date
- Jul 27, 2017
- CIK
- 0001469192
- Website
- nylim.com
- Similar Companies
- Business
- NYLI CBRE Global Infrastructure Fund Class A (VCRAX) is an open-end mutual fund that invests primarily in equity securities of global infrastructure companies, with at least 80% of its net assets (plus borrowings for investment purposes) allocated to such securities issued by infrastructure companies located in various countries including the United States. The fund offers broad exposure to core infrastructure sectors such as utilities, industrials, energy, and real estate through high-conviction active management leveraging a proprietary research platform for superior stock selection; it emphasizes defensive, all-weather assets providing defined revenue streams, consistent growth, and potential risk-adjusted returns for global equity or real asset allocations. Key holdings include NextEra Energy Inc., American Tower Corp., Targa Resources Corp., CSX Corp., and Vinci SA, with approximately 60.84% in U.S. stocks, 38.44% in non-U.S. stocks, and diversified across regions like the Eurozone, Canada, the United Kingdom, and Latin America. Launched on October 16, 2013, and domiciled in the United States, the fund is managed by a team including Jeremy Anagnos (Chief Investment Officer, Listed Infrastructure), Daniel Foley and Hinds Howard (Portfolio Managers), and Joseph P. Smith (CIO, Listed Strategies), with total net assets of approximately $868 million and a net expense ratio of 1.28%. It targets investors seeking infrastructure category exposure through Class A shares with a 5.50% front-end load, minimum initial investment of $15,000, and a TTM yield of around 2.06%. In recent developments, the fund continues to benefit from its strategic partnership between New York Life Investments and CBRE Investment Management, established to enhance global infrastructure and real estate capabilities, while a related NYLI CBRE offering, the Global Infrastructure Megatrends Term Fund (MEGI), announced ongoing monthly distributions and Section 19(a) notices through December 2025, reflecting sustained focus on income-generating infrastructure megatrends like decarbonization and digital transformation. The fund maintains a contractual fee waiver through February 28, 2025, supporting performance amid market volatility, and earned a LSEG Lipper Fund Award for consistent return over 10 years ended December 31, 2024, in its category. Operations remain centered in the U.S. with global investment reach, available for sale primarily in the United States.