AAM/Phocas Real Estate I (APRIX)

31.01 +0.19  +0.62% Jul 10 USD
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Key Stats

Net Asset Value 31.01
Turnover Ratio 17.00%
1 Year Fund Level Flows 8.981M

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M -5.20% -5.39% 51
3M 0.23% 0.86% 34
6M -12.81% -16.38% 19
YTD -13.32% -16.77% 21
1Y -9.31% -13.51% 19
3Y 3.46% 1.08% 28
5Y 4.31% 3.10% 36
10Y 9.45% 8.44% 24
15Y -- 5.47% --
20Y -- 8.95% --
As of July 10, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 4.69% 4.69% 0.00%
Stock 95.06% 95.06% 0.00%
Bond 0.00% 0.00% 0.00%
Convertible 0.00% 0.00% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.25% 0.25% 0.00%
As of March 31, 2020

Region Exposure

Americas 100.0%
North America 100.0%
Latin America 0.00%
Greater Europe 0.00%
United Kingdom 0.00%
Europe Developed 0.00%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.00%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.00%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of March 31, 2020. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 0.00%
Communication Services 0.00%
Consumer Cyclical 0.00%
Consumer Defensive 0.00%
Energy 0.00%
Financial Services 0.00%
Healthcare 0.00%
Industrials 0.00%
Real Estate 100.0%
Technology 0.00%
Utilities 0.00%
As of March 31, 2020

Stock Market Capitalization

Giant 0.00%
Large 26.64%
Medium 58.32%
Small 10.17%
Micro 4.86%
As of March 31, 2020

Stock Style Exposure

Large Cap Value 0.00%
Large Cap Blend 6.33%
Large Cap Growth 20.31%
Mid Cap Value 8.81%
Mid Cap Blend 37.81%
Mid Cap Growth 11.70%
Small Cap Value 2.39%
Small Cap Blend 9.75%
Small Cap Growth 2.89%
As of March 31, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
AMT American Tower Corp 9.57% 264.35 -0.47%
EQIX Equinix Inc 7.72% 716.59 -1.66%
REXR Rexford Industrial Realty Inc 7.04% 41.84 -0.10%
PLD Prologis Inc 6.02% 94.82 -1.81%
ARE Alexandria Real Estate Equities Inc 5.74% 160.81 -0.89%
SUI Sun Communities Inc 5.50% 135.55 -1.89%
IRT Independence Realty Trust Inc 3.89% 10.93 +0.92%
ESS Essex Property Trust Inc 3.84% 225.33 +0.63%
QTS QTS Realty Trust Inc Class A 3.66% 64.51 -1.80%
INVH Invitation Homes Inc 3.37% 27.55 +0.66%
As of March 31, 2020
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Basic Info

Investment Strategy
The investment seeks long-term total investment return through a combination of capital appreciation and current income. Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in securities of equity real estate investment trusts ("REITs") and companies of any size market capitalization which primarily own, manage and invest in underlying real estate assets. Therefore, it invests at least 25% of its net assets (i.e., concentrates) in the real estate industry. The fund is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol APRIX
Equity Style Mid Cap/Growth
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Real Estate
Prospectus Objective Specialty - Real Estate
Fund Owner Firm Name AAM
Benchmark Index
FTSE Nareit All Equity REITs TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
James Murray 13.76 yrs
William Schaff 13.76 yrs

Share Classes

Symbol Share Class
APRAX A

Net Fund Flows

1M -1.255M
3M -762533.2
6M -979884.4
YTD -979884.4
1Y 8.981M
3Y 8.760M
5Y 8.673M
10Y 11.75M
As of June 30, 2020

Risk Info

Beta (5Y) 0.7966
Historical Sharpe Ratio (10Y) 0.5953
Historical Sortino (All) 0.3512
Daily Value at Risk (VaR) 1% (All) 6.46%
Monthly Value at Risk (VaR) 1% (All) 26.43%

Fundamentals

Dividend Yield TTM (7-10-20) 1.62%
30-Day SEC Yield (6-30-20) 2.83%
7-Day SEC Yield (8-24-18) 0.00%
Weighted Average PE Ratio 32.63
Weighted Average Price to Sales Ratio 7.173
Weighted Average Price to Book Ratio 2.154
Weighted Median ROE 10.49%
Weighted Median ROA 2.74%
Forecasted Dividend Yield 4.33%
Forecasted PE Ratio 44.93
Forecasted Price to Sales Ratio 6.803
Forecasted Price to Book Ratio 2.064
Number of Holdings 32
As of March 31, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth 6.52%
Forecasted Book Value Growth 3.27%
Forecasted Cash Flow Growth 11.06%
Forecasted Earnings Growth 1.03%
Forecasted Revenue Growth 4.35%
As of March 31, 2020

Comparables

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Attributes

Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment 25000.00 USD
Minimum Subsequent Investment 5000.00 USD
Fees
Actual 12B-1 Fee --
Actual Management Fee 0.65%
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee 2.00%
Key Dates
Inception Date 9/29/2006
Termination Date
Last Annual Report Date 12/31/2019
Last Prospectus Date 5/1/2020
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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