- Issuer
- First Sentier Investors
- Inception Date
- Dec 28, 2020
- Category
- Energy Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FLIAX Performance Chart
First Sentier American Listed Infrastructure Fund (FLIAX) is up 12.4% since the beginning of the year. FLIAX is currently trading at $11 per share. Investors who bought $1,000 worth of FLIAX shares 5 years ago would now be looking at an investment worth $1,359.
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Returns By Period
First Sentier American Listed Infrastructure Fund (FLIAX) has returned 12.39% so far this year and 8.21% over the past 12 months.
First Sentier American Listed Infrastructure Fund
- 1D
- -0.27%
- 1M
- -2.81%
- YTD
- 12.39%
- 6M
- 13.07%
- 1Y
- 8.21%
- 3Y*
- 9.70%
- 5Y*
- 6.33%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FLIAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 25, 2021, FLIAX's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.
Historically, 58% of months were positive and 42% were negative. The best month was Mar 2022 with a return of +9.8%, while the worst month was Sep 2022 at -11.2%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, FLIAX closed higher 52% of trading days. The best single day was Nov 10, 2022 with a return of +4.9%, while the worst single day was Dec 22, 2025 at -8.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.55% | 9.31% | -1.08% | 4.90% | -3.72% | -0.63% | 12.39% | ||||||
| 2025 | 1.72% | 3.98% | 0.48% | -2.86% | 1.37% | 0.87% | 2.11% | -0.66% | 2.74% | -1.10% | 2.42% | -10.45% | -0.20% |
| 2024 | -3.33% | 1.66% | 3.17% | -2.01% | 6.26% | -2.95% | 8.59% | 3.76% | 1.95% | -1.46% | 5.46% | -8.26% | 12.21% |
| 2023 | 0.31% | -5.22% | 1.87% | 0.32% | -5.50% | 3.88% | 3.08% | -5.65% | -4.75% | 1.30% | 8.55% | 3.52% | 0.59% |
| 2022 | -4.77% | -1.30% | 9.81% | -5.02% | 1.09% | -5.81% | 7.23% | -0.90% | -11.20% | 2.34% | 6.76% | -2.14% | -5.85% |
| 2021 | -2.79% | -1.49% | 9.46% | 5.06% | 0.00% | -0.61% | 2.55% | 2.23% | -5.96% | 8.21% | -2.72% | 9.28% | 24.12% |
Benchmark Metrics
First Sentier American Listed Infrastructure Fund has an annualized alpha of 1.57%, beta of 0.52, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since January 25, 2021.
- This fund participated in 82.00% of S&P 500 Index downside but only 66.03% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.52 may look defensive, but with R2 of 0.31 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.31 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.57%
- Beta
- 0.52
- R²
- 0.31
- Upside Capture
- 66.03%
- Downside Capture
- 82.00%
Expense Ratio
FLIAX has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FLIAX ranks 8 for risk / return — in the bottom 8% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Sentier American Listed Infrastructure Fund (FLIAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLIAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 2.78 | -2.01 |
| Martin ratioReturn relative to average drawdown | 2.56 | 12.44 | -9.88 |
Dividends
Dividend History
First Sentier American Listed Infrastructure Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.61 | $0.27 | $1.90 | $0.70 |
Dividend yield | 0.00% | 0.00% | 6.21% | 2.90% | 19.90% | 5.77% |
Monthly Dividends
The table displays the monthly dividend distributions for First Sentier American Listed Infrastructure Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | $0.61 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.90 | $1.90 |
| 2021 | $0.70 | $0.70 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Sentier American Listed Infrastructure Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Sentier American Listed Infrastructure Fund was 23.23%, occurring on Oct 5, 2023. Recovery took 204 trading sessions.
The current First Sentier American Listed Infrastructure Fund drawdown is 4.32%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -23.23%Oct 2023 | 1y 5mo | 9mo 29d | 2y 3moApr 2022 - Jul 2024 |
2026 correction2026 | -12.50%Jan 2026 | 3mo | 1mo 11d | 4mo 11dOct 2025 - Feb 2026 |
2025 selloff2025 | -11.70%Apr 2025 | 4mo 7d | 3mo 28d | 8mo 5dDec 2024 - Aug 2025 |
Bear market2022 | -9.63%Feb 2022 | 1mo 21d | 29d | 2mo 20dJan 2022 - Mar 2022 |
2021 pullback2021 | -7.59%Sep 2021 | 27d | 22d | 1mo 19dSep 2021 - Oct 2021 |
Drawdown Indicators
| FLIAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.23% | -56.78% | +33.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -9.10% | -3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -14.12% | -18.90% | +4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -23.23% | -25.43% | +2.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.32% | -1.80% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -10.71% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 2.03% | +1.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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