Fund databaseInfrastructure

Swiss Life Funds (LUX) Privado Infrastructure

Swiss Life Asset Managers · LU2724512657

ELTIF 2.0 Infrastructure Luxembourg Article 8 11 share classes ↓ Core / Core+ Value-Add

NAV · 31 Jul 2026110.69 EUR
Fund currencyEUR
Income treatmentdistributing
Performance since May 2024 p.a.+5.6%incl. distributions · Class A EUR dist EUR
Ongoing costs2.00% p.a.
Min. investmentEUR 1,000
Redemptionquarterly
Risk (SRI)3 / 7

01Performance

Unit price (NAV) in EUR · share class A EUR dist EUR · 35 data points

110.69 EURNAV as at 31 Jul 2026
NAV per unitincl. reinvested distributions
99.4103.2106.9110.7May 2024Nov 2024Jun 2025Jan 2026Jul 2026 Distribution 0.44 EUR · 11 May 2026
Source: Price feed from the management company 8 of 35 values derived (back-calculated from monthly returns)

Distributions per unit

1 payments recorded, in EUR

0.44 EUR Total of the last 12 months per unit · ≈ 0.4 % of the current NAV
0.44 EUR · 11 May 20260.437May 2026

Past distributions are no guarantee of future payments. The diamonds in the NAV chart mark the payment dates.

Total return incl. distributions — payments notionally reinvested at the NAV of the payment date (standard methodology).

YTD+1.3%
1 year+3.6%
since May 2024 p.a.+5.6%

Pure price return (NAV movement without reinvestment): YTD +0.9% · 1 year +3.2% · since May 2024 p.a. +5.4%.

Calendar-year returns

Calendar years, calculated from the NAV series incl. reinvested distributions

+5.9%2025+1.3%2026 YTD

Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and the trading costs of reinvestment are not taken into account. Past performance is not a reliable indicator of future results.

Provider figures

These come from the factsheet, the PRIIPs KID or the monthly report. They may relate to a different reference date, a different share class or a longer period than the series above — the series starts with the first documented unit price, not necessarily with the launch. That is why the values sometimes differ.

Since launch p.a.3.50%

Target return per the provider: No explicit return target in the KID; no benchmark ('The fund is actively managed and does not make its investments by reference to a benchmark'). PRIIPs scenarios class A EUR dist on exit after 8 years: stress -3.2 % p.a., unfavourable -0.2 % p.a., moderate +6.0 % p.a., favourable +6.4 % p.a.; return before costs in the moderate scenario 9.4 % p.a

Source: KID_LU2724512657_A-EUR-dist_2025-10-08.pdf

Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.

02Strategy & portfolio

What the fund does and how the portfolio is put together.

Launch year
Fund sizeEUR 125mas at 30 Jun 2025 (provider press rele
CurrencyEUR
Income treatmentdistributing
SFDRArticle 8
Recommended holding8 yrs
Liquidity buffer
Leverage limit50.00%

Risk indicator 3 of 7 from the key information document (1 = low, 7 = high); it captures liquidity risks only to a limited extent.

Portfolio breakdown

Broken down using semiliquid’s common taxonomy — provider labels are mapped onto shared categories so that funds can be compared. Only published figures are used; nothing is estimated.

Sector breakdown

Actual portfolio% of NAVas at 30 Jun 2026

Digital infrastructure27.4%
Social infrastructure26.9%
Transport & logistics20.3%
Renewable energy14.6%
Utilities & environment10.9%
Source: Swiss Life Asset Managers 'Swiss Life Funds (LUX) Privado Infrastructure S.A., SICAV-ELTIF — Factsheet' · Document

Geographic breakdown

Actual portfolio% of NAVas at 30 Jun 2026

Europe70.6%
Switzerland16.2%
North America13.2%
Show groups
Europe86.8%
North America13.2%
Source: Swiss Life Asset Managers 'Swiss Life Funds (LUX) Privado Infrastructure S.A., SICAV-ELTIF — Factsheet' · Document

Strategy

Core / Core+ Value-Add

Core 66 %, Core+ 21 %, Value-Add 13 % (31 Mar 2025); focus on brownfield (already built/in operation), with a small greenfield share to enhance returns and add diversification

03Costs

The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.

Management fee1.90%
Total ongoing costs2.00%
Entry charge max.5.00%
Redemption fee2.50%
Performance fee0.00%
Hurdle rate0.00%
High-water marknot documented

In context: ongoing costs

This fund
2.00%
Median Infrastructure
2.10%

Median across 19 funds in this asset class in our database, based on the PRIIPs KID. No statement about quality — cost structures differ depending on the strategy and on target-fund layers.

How the performance fee works

Not applicable — no performance fee, and consequently no hurdle, no catch-up, no high-water mark
Source: KID_LU2724512657_A-EUR-dist_2025-10-08.pdf

Costs per the key information document

Class A EUR dist (LU2724512657), KID as at 8 Oct 2025, investment example EUR 10,000: management fees and other administrative/operating costs 2.0 % p.a. (EUR 190); transaction costs 0.4 % p.a. (EUR 33); performance fees NONE. Entry costs 5.0 % (up to EUR 500, of which distribution costs 5.0 %); exit costs 2.5 % (EUR 238). TOTAL COSTS EUR 961 on exit after 1 year, EUR 3,205 on exit after 8 years. ANNUAL COST IMPACT (reduction in yield): 9.7 % in year 1, 3.4 % p.a. over the recommended holding period of 8 years (return 9.4 % p.a. before costs, 6.0 % p.a. after costs).
Source: KID_LU2724512657_A-EUR-dist_2025-10-08.pdf — the transaction costs are 0.4% p.a., NOT 0.1%; in addition, RIY figures for the first time (9.7% in year 1 / 3.4% p.a. over

04Subscription & entry

How you get into the fund, and on what terms.

Subscriptionmonthly
Minimum investmentEUR 1,000
Entry chargeup to 5.00%
Rec. holding period8 years

Subscription per the document

monthly

05Redemption & liquidity

Semi-liquid means redemption only on fixed dates, with notice periods and upper limits. This is how it works for this fund — in the order the redemption process runs.

Units can be redeemed quarterly; notice must be given 40 days before the date; on each date the fund redeems at most 5 % of fund assets.

1 · Lock-upnone
2 · Notice period40 days before the date
3 · Redemption datequarterly
4 · Gatemax. 5 % per date
5 · Payoutnot documented

The gate caps redemptions at 5 % of fund assets per date. If more investors want out at the same time, orders are scaled back pro rata or deferred to the next date.

Redemption per the document

Quarterly, FOR THE FIRST TIME as at the valuation date of 31 December 2025 and at the discretion of the AIFM — 'At the AIFM's discretion, redemptions will be granted for the first time as at the valuation date of 31 December 2025. Redemption requests are possible quarterly thereafter.'

Source: KID_LU2724512657_A-EUR-dist_2025-10-08.pdf — added the previously unrecorded first redemption date 31 Dec 2025 and the AIFM's discretionary reservation

Gate per the document

THREE thresholds, the LOWEST of which applies: '(i) 5 % of the fund's net asset value over a period of three months; (ii) 15 % of the fund's net asset value over a period of twelve months, irrespective of any redemption charge that may be applied; and (iii) 27.3 % OF THE FUND'S LIQUIDITY RESERVE over a period of three months. All requests are processed pro rata. Redemption requests that could not be met at the relevant quarter-end MUST BE RESUBMITTED IN THE FOLLOWING QUARTER.'

Source: KID_LU2724512657_A-EUR-dist_2025-10-08.pdf — added the third, previously unrecorded threshold (27.3% of the liquidity reserve) and the important note

Notice period

'A redemption request must be received on or before the 20th of the month preceding quarter-end, by 3.00 p.m. (Central European Time).' (equates to approximately 40 days before quarter-end)

Source: KID_LU2724512657_A-EUR-dist_2025-10-08.pdf — refines the previous approximate figure with the exact wording

Lock-up

No explicit minimum holding period in the PRIIPs KID. De facto soft lock via the redemption fee of up to 2.5 %, the first redemption date of 31 Dec 2025 and the three gate thresholds. Right of cancellation: 'Retail investors may cancel their subscription within a period of two weeks after signing the subscription application and will receive their money back without penalty.'

Source: KID_LU2724512657_A-EUR-dist_2025-10-08.pdf — the 24-month minimum holding period is not contained in the KID

Liquidity score: 2.9 of 5

Redemption frequency
3 / 5 · 40 %
Gate / redemption cap
3 / 5 · 25 %
Notice period
3 / 5 · 20 %
Redemption fee
2 / 5 · 15 %

The score measures only the contractual redemption mechanics (the higher, the more flexible) — not whether the fund actually stays liquid under stress. Weightings in per cent.

06Share classes

11 classes known. All cost and risk figures on this page apply to LU2724512657.

ISINStatusMin. investmentOngoing costsSRI
LU2724512657basis of this pageEUR 1,0002.00%3/7
LU2724512731not yet collectednot documentednot documentednot documented
LU2724512814not yet collectednot documentednot documentednot documented
+ 8 more share classes
ISINStatusMin. investmentOngoing costsSRI
LU2724512905not yet collectednot documentednot documentednot documented
LU2730213373not yet collectednot documentednot documentednot documented
LU2730213456not yet collectednot documentednot documentednot documented
LU2730213530not yet collectednot documentednot documentednot documented
LU2730213613not yet collectednot documentednot documentednot documented
LU2781073882not yet collectednot documentednot documentednot documented
LU2781073965not yet collectednot documentednot documentednot documented
LU2781074005not yet collectednot documentednot documentednot documented

Costs, minimum investment and risk can differ markedly by class — check the key information document of the specific class before subscribing.

07Fund details & verification

Who stands behind the fund, who it is authorised for — and what the figures rest on.

AIFM / management company

Swiss Life Asset Managers Luxembourg (Swiss Life Group), authorised in Luxembourg and supervised by the CSSF; registered office 4a Rue Albert Borschette, L-1246 Luxembourg. Representative in Switzerland: Swiss Life Asset Management AG, General-Guisan-Quai 40, 8002 Zürich; paying agent in Switzerland: UBS Switzerland AG

Source: KID_LU2724512657_A-EUR-dist_2025-10-08.pdf

Depositary

Société Générale Luxembourg

Source: KID_LU2724512657_A-EUR-dist_2025-10-08.pdf, 'Additional information on the product'

Launch date

No launch date in the KID. What is documented is the MATURITY DATE: 31 December 2074, extendable twice by 5 years in each case at the discretion of the board of directors

Source: KID_LU2724512657_A-EUR-dist_2025-10-08.pdf — no launch date stated; maturity date 31 Dec 2074

BaFin database

Listed as “Swiss Life Funds (LUX) Privado Infrastructure S.A., SICAV-ELTIF“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70169890

Source: ESMA ELTIF register (Art. 3(3) ELTIF Regulation), as at 31 Jul 2026

Eligible investors

'The product is intended to be marketed to retail investors who (i) have sufficient experience and theoretical knowledge of this type of product, (ii) HAVE RECEIVED INVESTMENT ADVICE FROM THEIR DISTRIBUTOR and (iii) are able to bear the risk of losing their entire invested capital.' NOT intended for residents or citizens of the USA

Source: KID_LU2724512657_A-EUR-dist_2025-10-08.pdf

Distribution authorisation

Distribution in selected EEA countries via the AIFMD passport: among others Germany, Austria, Luxembourg, France, Italy, Belgium, Denmark, Spain, Ireland, Norway; Switzerland for qualified investors only. According to the available information, 14 distribution countries in total.

Fee layers / double charging

Essentially fund level (AIFM Swiss Life Asset Managers Luxembourg; management fee, depositary, operating costs). The fund holds direct stakes in infrastructure companies; costs at the level of the holding companies are not disclosed separately (not documented). No documented master/feeder or target-fund structure with an additional fee layer

All figures come from our analysis of provider documents (product data as at 19 Aug 2026, distribution data as at 12 Aug 2026) and have not been conclusively verified.

Similar funds

Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.

Important information. semiliquid.info does not provide investment advice and makes no recommendation to buy, sell or hold fund units — no ranking, no offer, no invitation to subscribe. Only the prospectus and the key information document (PRIIPs KID) of the respective fund are authoritative. We give no warranty for the accuracy, completeness or currency of the information. Semi-liquid funds invest in illiquid assets: redemptions are possible only to a limited extent and can be capped, deferred or suspended; there is a risk of total loss. Past performance is not a reliable indicator of future results. Read the prospectus and the key information document before making an investment decision and seek professional advice where appropriate.