Fund database › Infrastructure
GLS Investment Management GmbHLU3000447279Class A
The GLS ELTIF invests directly in European renewable-energy infrastructure — development, construction and operation — under the strict sustainability criteria of the GLS group, as an Article 9 fund, launched in 2025, distributing, with no performance fee.
Monthly issuance; redemption only once a year at year-end — after a two-year minimum holding period and one year's irrevocable notice; filled from the liquid assets with automatic carry-forward. The recommended holding period is seven years.
No formal minimum investment, for all investor groups with a long horizon; distribution focused on Germany.
Values-driven investing in its purest form: the GLS community gets its infrastructure product with the liquidity logic of a real asset, not a fund — consistent, transparent and intended only for investors who see the annual rhythm as a feature.
Figures for class A (LU3000447279) · product data 19 Aug 2026 · sources: prospectus (as at 16 Apr 2026), PRIIPs-KID — full list under 08 documents.
Since the data series began in Oct 2025, the unit price has lost 1.0% (cumulative, 0.8 years). The series is still short; valuations of private holdings arrive quarterly and smoothed.
16 monthly values, 5 derived from monthly returns · Source: secondary source (data portal) · Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and dealing costs of reinvestment are not considered. Past performance is not a reliable indicator of future results.
What the prospectus permits: Core-plus approach using proven technologies (wind and solar installations in operation); selectively complemented by projects in the development and construction phase as well as grid infrastructure and storage solutions.
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
100.0% is held in the liquidity reserve.
How the reserve is invested: European Union 2.750% 2026 (EU000A3K4D82) 6.0% · Münchener Hypothekenbank eG 3.500% Pfandbrief 2026 (DE000MHB36J8) 3.0% · DNB Boligkreditt A.p. 0.250% Pfandbrief 2026 (XS1485596511) 3.0% · 2 more 5.9%.
Focus according to fund documents: Renewable energy 100%
Focus according to fund documents: Europe 100%
Positions and shares according to the provider; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2.23%, class A is below the median of the asset class (2.42%). There is no performance fee.
For 10,000 EUR this means roughly 223 EUR per year.
For 10,000 EUR, a one-off up to 400 EUR on purchase.
Based on the PRIIPs key information document of class A, hence comparable across providers. Median: 25 Infrastructure funds in this database, data run 16 Oct 2026.
Units can be subscribed monthly. The price is the NAV on the valuation day — it is not known when the order is placed.
to be submitted with the subscription request; no execution without the documentation
Where the 20th does not fall on a bank business day, the preceding bank business day …
Price = NAV per share on this day.
Valuation day = last banking business day of the calendar month.
after NAV publication: 2 business days after NAV publication
An order placed today is invested in — days (—); the money is due on —.
Shown without a date because the prospectus does not quantify: cut-off. The remaining markers are calculated from the prospectus rules.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Valuation day | last business day of the month |
| Cut-off | 14:00 Luxembourg · (fixed calendar day) |
| Price | valuation day |
| NAV publication | Valuation day = last banking business day of the calendar month; publication on the 6th banking business day of the following month |
| Payment | after NAV publication: 2 business days after NAV publication |
| Minimum investment | no minimum amount |
| Entry charge (max.) | 4% (distributor) |
| KYC / documents | to be submitted with the subscription request; no execution without the documentation |
| Revocation | Retail investors may withdraw the subscription without deduction within 14 calendar days of signing the subscription form |
| Business day | Bank business day: any full day on which banks in Luxembourg are generally open (p. 9) |
Dates calculated from the prospectus rules (bank holidays: LU); only the transfer agent’s confirmation is binding. Data as at 19 Aug 2026 · Documents: 08.
Units can be redeemed annually — with a volume limit (Gate), lock-up 24 months. How quickly the money arrives and what happens if many want out at once is set out below.
redemption day only 30.12. of each year (annually, not quarterly - nearest list value selected).
Price = NAV per share on this day.
max. 100% of the Liquid Assets available per redemption day (no NAV ratio).
No date can be calculated from the captured rules — a determinable valuation day is missing. Shown are the prospectus figures.
An exit is possible after three years at the earliest — arithmetically 1288 days from decision to cash.
Rank 105 of 112 · rank 20 of 23 in Infrastructure · 24 months lock-up · no fixed redemption fee
Money typically only after more than a year — on average 558 days from decision to cash.
24 months lock-up — expired for existing holdings · no fixed redemption fee
Confidence medium — waiting time approximated · prospectus as at 16 Apr 2026 · score run 16 Oct 2026 · How 1288 days become 0 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.
| Character | redemption right |
|---|---|
| Frequency | annually |
| Valuation day | special rule, see prospectus |
| Notice | 12 months before redemption day · 14:00 Luxembourg |
| Price | valuation day |
| Payout | 2 business days after NAV publication |
| Gate | 80% net of available liquidity per redemption day; hard cap 100% of available Liquid Assets per redemption day |
| Scaled-back portion | carried forward automatically to the next dealing day |
| Redemption fee (max.) | 0% |
| Lock-up | investor-level, 24 months (subscription) |
| Suspension | special circumstances under the articles of incorporation (not further specified) |
| Liquidity tools | Redemption in kind (professional shareholders only), extension of the redemption notice period, limitation of redemptions (gate), Side Pockets, suspension of … |
| Switch / transfer | possible to Eligible Investors holding a securities account; shares are transferable on a secondary market (regulated market or MTF). |
| Compulsory redemption | Compulsory redemption in the best interest of the fund by resolution of the board of directors. |
max. 100% of the Liquid Assets available per redemption day (no NAV ratio); from 80% of the Liquid Assets the AIFM may impose a pro-rata restriction, the remainder is automatically carried forward
The redemption limit is measured against the LIQUID ASSETS, not against the net asset value: capped at 100% of the Liquid Assets available per redemption day; from 80% of the Liquid Assets the AIFM may restrict redemptions, in which case requests are satisfied pro rata and carried forward to the next redemption day. Not comparable with a NAV ratio.
Data as at 19 Aug 2026 · Documents: 08.
4 classes. All cost and risk figures on this page refer to the basis class A.
PRIIPs KID ✓: a key information document exists and is the source of the costs. —: no KID documented — the class is distributed outside the EEA or to investors not covered by the KID requirement, or the document is not available.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Key information document (PRIIPs KID) as at 28 Jul 2026 | 28 Jul 2026 | — |
| Presentation as at 1 Nov 2025 | 1 Nov 2025 | — |
| Prospectus | — | — |
| NAV series secondary source (data portal) | 31 Aug 2026 | Performance (01) |
| Positions and reserve | 30 Jun 2026 | Portfolio (03) |
All figures are taken from provider documents (product data as at 16 Oct 2026, distribution data as at 5 Oct 2026) and have not been conclusively verified.
Redemption annually, notice period 12 months before redemption day, with 80% gate per redemption day.
Ongoing costs of 2.23% p.a. according to the PRIIPs KID for class A; the median of the Infrastructure funds in this database is 2.42%; no performance fee.
The prospectus sets no minimum investment.
Yes. According to our evidence, the fund is open to retail investors in Germany (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the GLS ELTIF - Energieinfrastruktur Fonds. Under the prospectus a gate of 80% per redemption day applies.
Same asset class, similar sub-strategy.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.