Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
1.25% 29.17M 2.48% 19.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
-30.04M -12.75% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks long-term capital appreciation, with current income, including interest and dividends from portfolio securities, as a secondary objective. Under normal circumstances, the fund invests at least 80% of its assets in equity securities (including common, convertible and preferred stocks) of U.S. Realty Companies, and synthetic instruments related to U.S. Realty Companies. Such synthetic instruments are investments that have economic characteristics similar to the fund’s direct investments in U.S. Realty Companies and include warrants, rights, options and shares of exchange-traded funds (“ETFs”). The fund is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol TFREX
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Real Estate
Category Index S&P United States REIT TR USD
Prospectus Objective Specialty - Real Estate
Fund Owner Firm Name Lazard
Prospectus Benchmark Index
MSCI US REIT NR USD 100.0%
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Jay Leupp 11.76 yrs
Christopher Hartung 2.05 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 59
-30.04M
-3.651B Category Low
1.796B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of September 30, 2020

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
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% Rank in Cat (NAV)
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As of October 21, 2020. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2013
2014
2015
2016
2017
2018
2019
YTD
1.58%
25.33%
4.34%
4.99%
7.69%
-8.06%
29.42%
-11.69%
26.68%
4.94%
-0.87%
7.51%
22.40%
-8.71%
27.67%
3.93%
8.53%
16.04%
-3.05%
7.46%
14.60%
-14.69%
28.68%
-9.68%
1.53%
30.13%
5.95%
7.77%
4.27%
-3.95%
25.20%
-12.28%
-0.74%
30.98%
2.24%
6.36%
5.77%
-3.78%
28.72%
-12.48%
2.72%
31.50%
3.65%
7.73%
6.19%
-2.94%
27.74%
-12.59%
As of October 21, 2020.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-21-20) 2.48%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 33.76
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of September 30, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of September 30, 2020

Asset Allocation

As of September 30, 2020.
Type % Net % Long % Short
Cash 0.84% Upgrade Upgrade
Stock 99.16% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Prologis Inc 11.13% 103.35 0.68%
Equinix Inc 10.58% 797.00 -0.77%
Alexandria Real Estate Equities Inc 5.60% 159.95 -0.08%
Public Storage 5.10% 232.20 -0.35%
Essex Property Trust Inc 4.92% 201.07 0.57%
Healthpeak Properties Inc 4.40% 27.66 0.91%
Equity Lifestyle Properties Inc 4.04% 62.20 0.24%
American Tower Corp 3.90% 239.50 -0.93%
iStar Inc 3.88% 11.99 0.33%
American Homes 4 Rent Class A 3.30% 29.73 -0.10%

Fees & Availability

Fees
Actual 12B-1 Fee Upgrade
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors No
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks long-term capital appreciation, with current income, including interest and dividends from portfolio securities, as a secondary objective. Under normal circumstances, the fund invests at least 80% of its assets in equity securities (including common, convertible and preferred stocks) of U.S. Realty Companies, and synthetic instruments related to U.S. Realty Companies. Such synthetic instruments are investments that have economic characteristics similar to the fund’s direct investments in U.S. Realty Companies and include warrants, rights, options and shares of exchange-traded funds (“ETFs”). The fund is non-diversified.
General
Security Type Mutual Fund
Oldest Share Symbol TFREX
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Real Estate
Category Index S&P United States REIT TR USD
Prospectus Objective Specialty - Real Estate
Fund Owner Firm Name Lazard
Prospectus Benchmark Index
MSCI US REIT NR USD 100.0%
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Jay Leupp 11.76 yrs
Christopher Hartung 2.05 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-21-20) 2.48%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 33.76
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of September 30, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of September 30, 2020

Fund Details

Key Dates
Inception Date 12/31/2008
Last Annual Report Date 12/31/2019
Last Prospectus Date 5/1/2020
Share Classes
TFRIX Inst
Attributes
Enhanced Index 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