The fund seeks total return in the long term by investing in companies across any size in the United States.
The investment process invests in securities of real estate companies, including real estate investment trusts.
The investment team defines a real estate company as any company that derives at least 50% of its revenue from, or has at least 50% of its assets in, real estate.
The research process is driven by fundamental analysis of one stock at a time. Then the research team combines both quantitative and qualitative analysis as part of its stock selection process.
Next, the team focuses on a company’s management, financial condition, cash flow, and growth potential.
In selecting securities for the portfolio, the team assesses the commercial real estate supply and demand dynamics, management, strategy, property quality, financial strength and corporate structure of companies in the real estate industry.
Also, the research team integrates environmental, social and governance factors as part of its process.
Then the manager constructs a portfolio from a list of companies in the benchmark index favored by the research team and allocates capital based on its conviction level.
The fund is non-diversified, which means that it may invest a significant portion of its assets in the securities of a single issuer or small number of issuers.
