Address And Details

2005 Market St. , Philadelphia, PA 19103
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

To seek to provide total return through long-term capital appreciation and current income. Ivy LaSalle Global Real Estate Fund is a non-diversified fund that invests, under normal circumstances, at least 80% of its net assets in securities of companies in the real estate or real estate-related industries. The Fund intends to invest primarily in equity and equity-related securities issued by Global Real Estate Companies, which are companies that meet one of the following criteria: companies qualifying for U.S. federal income tax purposes as real estate investment trusts (REITs); entities similar to REITs formed under the laws of a country other than the U.S. companies located in any country that, at the time of initial purchase by the Fund, derive at least 50% of their revenues from the ownership, construction, financing, management or sale of commercial, industrial or residential real estate, or that have at least 50% of their assets invested in such real estate; or companies located in any country that are primarily engaged in businesses that sell or offer products or services that are closely related to the real estate industry. The equity and equity-related securities in which the Fund invests include common stocks, rights or warrants to purchase common stocks, securities convertible into common stocks, and preferred stocks. The Fund does not directly invest in real estate. The Fund may invest in Global Real Estate Companies located in any country, including any emerging market country. As a result, the Fund may make substantial investments in non-U.S. dollar denominated securities and may invest up to 100% of its total assets in foreign securities. Under normal circumstances, the Fund invests at least 40% (or, if the portfolio managers deem it warranted by market conditions, at least 30%) of its total assets in securities of non-U.S. issuers. The Fund may invest in securities of any size, but typically will have more exposure to securities issued by large- and mid-capitalization companies. The Fund is non-diversified, meaning that it may invest a significant portion of the Funds total assets in a limited number of issuers. Most of the Funds real estate securities portfolio is expected to consist of securities issued by REITs and other real estate operating companies (REOCs) that are listed on securities exchange or traded over-the-counter. A REIT is a corporation (or a trust or association that otherwise would be taxable as a domestic corporation) that invests in real estate, mortgages on real estate or shares issued by other REITs, and qualifies for pass-through federal income tax treatment provided it meets certain conditions, including the requirement that it distribute at least 90% of its taxable income. Global Real Estate Companies, including REITs, tend to be medium-sized companies in relation to the equity markets as a whole. REITs (and certain non-U.S. entities taxed similar to REITs) are not taxed on their income if, among other things, they distribute to their shareholders substantially all of their taxable income (other than net capital gains) for each taxable year. In addition to dividends, REITs (and certain non-U.S. entities taxed similar to REITs) may realize capital gains by selling properties or other assets that have appreciated in value. The Fund intends to use dividends and capital gain distributions of REITs and other Global Real Estate Companies to achieve the current income component of its investment objective of total return. A REOC is a corporation or partnership (or an entity classified as such for federal tax purposes) that is similar to a REIT, except that a Roches not qualified to be taxed as a REIT and, therefore, does not have a requirement to distribute any of its taxable income. REOCs also are more flexible than REITs in terms of the types of real estate investments they can make.

Net Asset Value

as of 5:55 PM ET 10/22/2021

Performance

  • 1 Week
  • +1.16%
  • 1 Month
  • +2.43%
  • 3 Months
  • +1.67%
  • 1 Yr Return
  • +30.03%
  • 5 Yr Return
  • +19.24%

Equity Sector Breakdown

Finance 72.72%
Technology 2.77%
NonDurables 2.70%
Services 2.48%
ConsumerDurables n/a
Energy n/a
Health n/a
IndustrialCyclical n/a
RetailTrade n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 99.28%
ForeignStocks 42.09%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 1.00 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -5.68 -7.82 n/a
Beta 0.87 0.84 n/a
R Squared 0.71 0.65 n/a
Std Deviation 19.50 15.92 n/a
Sharpe Ratio 0.42 0.33 n/a

Purchase Information

as of 6:06 PM ET 10/21/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 09/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 09/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +29.61%
  • +29.61%
+29.61% +29.61%
3 Year
  • +7.14%
  • +7.14%
+7.14% +7.14%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +4.54%
  • +4.54%
+4.54% +4.54%

Top 10 Holdings

Symbol Company Name % Of Assets
VNA:GR VONOVIA SE 4.29%
INVH INVITATION HOMES INC 3.43%
PLD PROLOGIS INC 3.27%
AVB AVALONBAY COMMUNITIES INC 2.99%
HST HOST HOTELS & RESORTS INC 2.70%
DLR DIGITAL REALTY TRUST INC 2.66%
PSA PUBLIC STORAGE 2.63%
ELS EQUITY LIFESTYLE PROPERTIES I 2.24%
FR FIRST INDUSTRIAL REALTY TRUST 2.24%
EQIX EQUINIX INC 2.23%

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