Northern Multi-Manager Global Listed Infrastructure Fund Q4 2025 Commentary

Northern Trust Asset Management13 FollowersFollow5ShareSavePlay(3min)CommentsSummaryIn the fourth quarter of 2025, the global listed infrastructure sector, as measured by the S&P Global Infrastructure Net Index, returned 2.20%.From a regional perspective, the United Kingdom, Australia, and Mexico outperformed, while the United States and Canada lagged.The Fund slightly outperformed its benchmark, the S&P Global Infrastructure Net Index, during the fourth quarter with a return of 2.57%. Kanur Ismail/iStock via Getty Images Fund Commentary In the fourth quarter of 2025, the global listed infrastructure sector, as measured by the S&P Global Infrastructure Net Index, returned 2.20%. While utilities, airports, and marine ports were the top performing sectors, oil and gas infrastructure and independentThis article was written byNorthern Trust Asset Management13 FollowersFollowNorthern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives. Entrusted with $1.2 trillion in assets under management as of March 31, 2024, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.

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