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 1/31/20||Type||Weight|
|TCM CRE Credit Fund LP||Private Real Estate Fund||17.9%|
|USAA US Government Building Open-End Feeder LP||Private Real Estate Fund||7.1%|
|CBRE U.S. Core Partners LP||Private Real Estate Fund||6.9%|
|Clarion Lion Properties Fund||Private Real Estate Fund||5.9%|
|Sentinel Real Estate Fund LP||Private Real Estate Fund||4.8%|
|Voya Commercial Mortgage Lending Fund LP||4.3%|
|Clarion Lion Industrial Trust||2.9%|
|PA MAC FUND LP||Private Real Estate Fund||2.7%|
|Healthpeak Properties Inc.||Financial||2.1%|
Weight represents the position’s percentage of gross assets. Holdings are subject to change.