BDREX seeks to generate a return comprised of both current income and long-term capital appreciation with low-to-moderate volatility and low correlation to the broader markets.
|Top 10 Holdings as of 7/31/20||Type||Weight|
|iShares U.S. Real Estate ETF||N.A.||33.2%|
|TCM CRE Credit Fund LP||Private Real Estate Fund||18.5%|
|USAA US Government Building Open-End Feeder LP||Private Real Estate Fund||7.8%|
|CBRE U.S. Core Partners LP||Private Real Estate Fund||6.9%|
|Clarion Lion Properties Fund||Private Real Estate Fund||5.2%|
|Sentinel Real Estate Fund LP||Private Real Estate Fund||5.1%|
|Voya Commercial Mortgage Lending Fund LP||Private Real Estate Fund||4.7%|
|Clarion Lion Industrial Trust||Private Real Estate Fund||3.6%|
|Ent Noblesville||Direct Real Estate||3.6%|
|PA MAC FUND LP||Private Real Estate Fund||2.0%|
Weight represents the position’s percentage of gross assets. Holdings are subject to change.