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 6/30/20||Type||Weight|
|iShares U.S. Real Estate ETF||N.A.||33.4%|
|TCM CRE Credit Fund LP||Private Real Estate Fund||18.0%|
|USAA US Government Building Open-End Feeder LP||Private Real Estate Fund||7.3%|
|CBRE U.S. Core Partners LP||Private Real Estate Fund||7.2%|
|Clarion Lion Properties Fund||Private Real Estate Fund||6.0%|
|Sentinel Real Estate Fund LP||Private Real Estate Fund||4.9%|
|Clarion Lion Industrial Trust||Private Real Estate Fund||4.5%|
|Voya Commercial Mortgage Lending Fund LP||Private Real Estate Fund||4.4%|
|Ent Noblesville||Direct Real Estate||3.3%|
|PA MAC FUND LP||Private Real Estate Fund||1.8%|
Weight represents the position’s percentage of gross assets. Holdings are subject to change.