TM Gravis UK Infrastructure Income

Introduction to the fund

Around 80% of the TM Gravis UK Infrastructure Income fund invests in investment trusts. These include public social infrastructure (hospitals and schools), private social infrastructure (GP surgeries and student accommodation) and renewable energy infrastructure (solar power and wind turbines). It has an income target of 5% per annum, which is distributed quarterly and it also offers investors some protection against rising inflation. The fund can invest in infrastructure debt, as well as equities. Thesis (TM) is the investment manager of this fund, while Will Argent, who is employed by Gravis, is the fund advisor.

Fund manager

Thesis Unit Trust Management Limited, Will Argent

Thesis (TM) is the investment manager of this fund, while Will Argent, who is employed by Gravis, is the fund advisor. Will makes the investment decisions and Thesis executes the transactions.

Will Argent joined Gravis in 2017, having spent 12 years working as an analyst within the private wealth management sector. His responsibilities have included the analysis and recommendation of direct equities and closed-end investment vehicles for client portfolios, setting asset allocation and strategy, and the management of open-ended funds. Will graduated with a degree in Mathematics from the University of Exeter and has passed all three levels of the CFA Program. He was awarded the CFA charter in 2009.

Opinion on fund

We have been fans of this fund since its launch in January 2016. It is a well diversified fund, and offers an excellent way to invest in the growing need for infrastructure in the UK. It has a very good yield, which will be attractive to income investors at a time when generating a decent level of income remains challenging. It also offers investors some protection against rising inflation. We like the fact that it can invest in infrastructure debt, as well as equities.

Fund performance

Documents

Key facts

  • Fund size

    £446.5m

  • Chelsea rating

    Buy

  • Core Selection

    No

  • Chelsea Risk Rating

    4.5

  • AMC

    0.65%

  • OCF

    0.65%

  • Unit Type

    Acc/Inc

  • Yield

    6.12%

  • FundCalibre rating

    Elite Rated

How to invest

Once you know where you want to invest, there are a number of ways you can invest:

  • Log in here and process your instruction
  • Call us on 020 7384 7300 to buy over the phone or request an application form
  • Download an application form and post it to us, along with a cheque
Find out more
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Important information

Source: Performance data sourced from FE Analytics (IA universe). Yield figures (per annum), Fund Size data and AMCs/OCFs are as at 23/01/2026 unless otherwise stated.

The performance graph, factsheets and Key Investor Information Document is provided by FEfundinfo, and updated on a daily basis.

Some funds listed are off shore-domiciled and subject to different regulations. Off shore funds typically do not offer investor compensation under the UK Financial Services Compensation Scheme (FSCS).

Performance history extended by FE fundinfo to illustrate the fund’s longer-term record.

Sector rankings calculated from multiple underlying sectors; certain funds remain unranked due to limited comparability.

Funds assigned to an alternative IA sector; sector rankings may differ accordingly.

The information provided is based on our proprietary qualitative and quantitative research. Whilst reasonable efforts have been taken to ensure accuracy, Chelsea Financial Services cannot guarantee that the information is free from errors, omissions, or inaccuracies.

This information does not constitute investment advice and should not be interpreted as a recommendation to invest in any fund listed. Past performance is not a reliable indicator of future returns.

Please read the full Important Notice on page 2 of the FundReview 2025 carefully before making investment decisions.

Whilst every effort has been made to ensure the accuracy of this information, Chelsea Financial Services takes no responsibility for any errors, omissions or inaccuracies contained therein. The funds within the Chelsea Selection are based on our proprietary research, which is both qualitative and quantitative. Please note this is not investment advice, nor does it imply that you should invest in this fund. Past performance is a not a guide to future returns.

To find out more about our Chelsea Risk Rating, please visit our dedicated page.

The AMC (annual management charge) is paid to the fund management company for managing the fund. It is calculated as a percentage of the value of the fund. The AMC is less than the Ongoing Charges Figure (OCF).

The OCF (ongoing charges figure): The cost includes the AMC and other fees such as registration, regulatory, audit and legal fees but does not include transaction costs and performance fees.