Address And Details

82 Devonshire St , Boston, MA 02109
Fund Manager Mark Snyderman
Manager Tenure 11 Years 5 Months

Strategy And Objective

The fund seeks higher than average income. As a secondary objective, the fund also seeks capital growth. The Adviser normally invests the fund's assets primarily in preferred and common stocks of REITs; debt securities of real estate entities; and commercial and other mortgage-backed securities, with an emphasis on lower-quality debt securities. Many lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds) are subject to legal or contractual restrictions limiting the Adviser's ability to resell the securities to the general public. The Adviser does not currently intend to invest more than 50% of the fund's assets in common stocks. The Adviser normally invests at least 80% of the fund's assets in securities of companies principally engaged in the real estate industry and other real estate related investments. Companies in the real estate industry and real estate related investments may include, for example, REITs that either own properties or make construction or mortgage loans, real estate developers, companies with substantial real estate holdings, and other companies whose products and services are related to the real estate industry, such as building supply manufacturers, mortgage lenders, or mortgage servicing companies. The Adviser may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers. In buying and selling securities for the fund, the Adviser relies on fundamental analysis of each issuer and its potential for success in light of its current financial condition, its industry position, and economic and market conditions. Factors considered include a security's structural features and current price compared to its long-term value, and the earnings potential, yield, credit standing, and management of the security's issuer. If the Adviser's strategies do not work as intended, the fund may not achieve its objective.

Net Asset Value

as of 5:10 PM ET 09/27/2021

Performance

  • 1 Week
  • -0.59%
  • 1 Month
  • -1.03%
  • 3 Months
  • +1.44%
  • 1 Yr Return
  • +21.67%
  • 5 Yr Return
  • +10.91%

Equity Sector Breakdown

Finance 48.65%
Technology 4.83%
NonDurables 1.65%
Services 0.85%
IndustrialCyclical 0.66%
Energy 0.61%
RetailTrade 0.19%
Utilities 0.06%
ConsumerDurables n/a
Health n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 36.90%
Preferred 21.74%
Convertible 6.34%
ForeignStocks 0.71%
Cash 0.00%
Bonds 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 2.22 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -2.52 -3.39 0.53
Beta 0.69 0.63 0.51
R Squared 0.56 0.50 0.45
Std Deviation 17.13 13.45 10.30
Sharpe Ratio 0.58 0.55 n/a

Purchase Information

as of 5:13 PM ET 09/24/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +25.71%
  • +28.25%
+25.71% +28.25%
3 Year
  • +9.25%
  • +9.04%
+9.25% +9.04%
10 Year
  • +8.82%
  • +8.15%
+8.82% +8.15%
Life Of Fund
  • +8.73%
  • +8.59%
+8.73% +8.59%

Top 10 Holdings

Symbol Company Name % Of Assets
AMT AMERICAN TOWER CORP 3.62%
ELS EQUITY LIFESTYLE PROPERTIES I 3.40%
MAA MID AMERICA APARTMENT COMMUNI 2.65%
CIM CHIMERA INVESTMENT CORP 2.25%
NRZ NEW RESIDENTIAL INVESTMENT C 2.16%
AGNC AGNC INVESTMENT CORPORATION 1.59%
MFO MFA FINANCIAL INC 1.55%
AGNC AGNC INVESTMENT CORPORATION 1.53%
CCI CROWN CASTLE INTERNATIONAL C 1.52%
DLR DIGITAL REALTY TRUST INC 1.51%

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