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 5 Holdings as of 7/31/21||Type||Weight|
|Voya Commercial Mortgage Lending Fund LP||Private Real Estate Fund||9.8%|
|PA MAC FUND LP||Private Real Estate Fund||9.6%|
|USAA US Government Building Open-End Feeder LP||Private Real Estate Fund||9.2%|
|Clarion Lion Properties Fund||Private Real Estate Fund||3.5%|
|Goldman Sachs U.S. Real Property Income Fund||Private Real Estate Fund||3.3%|
Weight represents the position’s percentage of gross assets. Holdings are subject to change.