Fund Holdings

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 11/30/18 Type Weight
US Government Building Open-End Feeder, L.P. Private Real Estate Fund 15.2%
TCM CRE Credit Fund LP Private Real Estate Fund 15.2%
Sentinel Real Estate Fund, LP Private Real Estate Fund 9.1%
Clarion Lion Properties Fund Private Real Estate Fund 6.1%
Simon Property Group Inc. Public Real Estate Security 4.1%

Weight represents the position’s percentage of gross assets. Holdings are subject to change.