“Buy land, they’re not making it anymore.” A diversified portfolio of US listed real estate that seeks to generate a yield higher than the broader equity market.
“Buy land, they’re not making it anymore.” US REITs are listed real estate investments that pay high dividends and pass through their rental income to investors. They can be viewed as a hybrid between equities and bonds as they must pay out most of the income received.
Real estate, by its very nature of being a physical and limited asset provides potential inflation protection for investors. REITs benefit from inflation in 2 ways:
The portfolio targets a diversified exposure across major real estate categories – office, retail, industrial, healthcare and specialty real estate – as well as geographically within the US and abroad.
We score ~200 real estate names on Value, Quality, Safety, Payout, Technical and Sentiment characteristics to build a portfolio that targets a yield of ~4-5% per year. This robust quantitative scoring process ensures lesser-known but still excellent real estate companies are included.
International investors can also access this strategy in a Global Exposure and a Japanese Exposure
Equity | 99.56% | |
Fixed Income | ||
Commodities | ||
Cash | 0.44% |
North America | 100% | |
Greater Europe | ||
Developed Asia | ||
Emerging Asia | ||
Central/Latin America |
Diversified REITs | 11.16% | |||||||
Healthcare REITs | 6.66% | |||||||
Hotel & Resort REITs | 13.7% | |||||||
Self-Storage REITs | 6.18% | |||||||
Residential REITs | 5.8% | |||||||
Retail REITs | 25.45% | |||||||
Specialized REITs | 24.17% | |||||||
Telecom Tower REITs | 6.43% |
Asset Class | Weight (%) |
---|---|
1. Lamar Advertising Co | 8.00% |
2. Host Hotels & Resorts Inc | 7.67% |
3. Simon Property Group Inc | 7.36% |
4. National Health Investors Inc | 6.61% |
5. Crown Castle Inc | 6.44% |
6. NNN REIT Inc | 6.40% |
7. CubeSmart | 6.12% |
8. Essential Properties Realty Trust Inc | 6.03% |
9. Apple Hospitality REIT Inc | 6.01% |
10. AvalonBay Communities Inc | 5.94% |