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 8 Holdings as of 5/31/21||Type||Weight|
|TCM CRE Credit Fund LP||Private Real Estate Fund||20.3%|
|CBRE U.S. Core Partners LP||Private Real Estate Fund||16.1%|
|Clarion Lion Industrial Trust||Private Real Estate Fund||10.3%|
|Voya Commercial Mortgage Lending Fund LP||Private Real Estate Fund||9.4%|
|PA MAC FUND LP||Private Real Estate Fund||9.2%|
|USAA US Government Building Open-End Feeder LP||Private Real Estate Fund||8.8%|
|Clarion Lion Properties Fund||Private Real Estate Fund||6.4%|
|Goldman Sachs U.S. Real Property Income Fund||Private Real Estate Fund||3.2%|
Weight represents the position’s percentage of gross assets. Holdings are subject to change.