Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
2.83% -- -- 9.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-- 4.85% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks to generate current income with low volatility and low correlation to broader equity and bond markets. The Fund pursues its investment objectives by investing, under normal circumstances, at least 80% of assets, plus the amount of any borrowings for investment purposes, in Real Estate Investments.
General
Security Type Unlisted Closed-End Fund
Broad Asset Class Sector Equity
Broad Category Equity
Global Peer Group Equity Sector Real Estate US
Peer Group Real Estate Funds
Global Macro --
US Macro Sector Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Real Estate Funds
Fund Owner Firm Name Thirdline Capital
Broad Asset Class Benchmark Index
^MSWNTR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-209.40M Peer Group Low
590.04M Peer Group High
1 Year
% Rank: --
-1.583B Peer Group Low
975.55M Peer Group High
3 Months
% Rank: --
-282.18M Peer Group Low
460.61M Peer Group High
3 Years
% Rank: --
-8.258B Peer Group Low
2.139B Peer Group High
6 Months
% Rank: --
-338.21M Peer Group Low
665.85M Peer Group High
5 Years
% Rank: --
-4.518B Peer Group Low
4.383B Peer Group High
YTD
% Rank: --
-1.604B Peer Group Low
920.31M Peer Group High
10 Years
% Rank: --
-6.618B Peer Group Low
6.598B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
--
--
--
--
5.30%
8.05%
5.49%
4.28%
-8.71%
27.67%
15.90%
21.82%
-18.14%
23.79%
18.67%
20.69%
4.56%
10.34%
-2.25%
17.57%
-1.52%
-0.53%
-5.00%
-3.37%
7.08%
7.37%
1.37%
21.61%
9.84%
-11.70%
-6.79%
--
-2.17%
14.01%
-11.80%
42.68%
-0.85%
-4.76%
0.89%
-5.84%
4.46%
7.86%
-3.12%
23.10%
-0.31%
-3.53%
3.26%
0.82%
As of December 05, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 7.48%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 57
Stock
Weighted Average PE Ratio --
Weighted Average Price to Sales Ratio --
Weighted Average Price to Book Ratio --
Weighted Median ROE 6.38%
Weighted Median ROA 2.67%
ROI (TTM) 4.10%
Return on Investment (TTM) 4.10%
Earning Yield --
LT Debt / Shareholders Equity 0.9082
Number of Equity Holdings 38
Bond
Yield to Maturity (6-30-25) --
Effective Duration --
Average Coupon --
Calculated Average Quality --
Effective Maturity --
Nominal Maturity --
Number of Bond Holdings 7
As of June 30, 2025

Growth Metrics

EPS Growth (1Y) --
EPS Growth (3Y) --
EPS Growth (5Y) --
Sales Growth (1Y) 5.76%
Sales Growth (3Y) 10.82%
Sales Growth (5Y) 10.29%
Sales per Share Growth (1Y) 2.73%
Sales per Share Growth (3Y) 6.18%
Operating Cash Flow - Growth Rate (3Y) 13.83%
As of June 30, 2025

Fund Details

Key Dates
Inception Date --
Last Annual Report Date 3/31/2025
Last Prospectus Date 7/31/2024
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Asset Allocation

As of June 30, 2025.
Type % Net
Cash -0.02%
Stock 87.26%
Bond 21.47%
Convertible 0.00%
Preferred 0.81%
Other -9.52%
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Top 10 Holdings

Name % Weight Price % Change
Goodman Capital Liquid Credit Strategy
9.89% -- --
E 79Th Street Mess Select LP FRN 31-Oct-2025
7.14% -- --
Beacon Partners Fund II LP
6.57% -- --
Infinity RE Impact III LP
6.23% -- --
Riverneck Owner LLC FRN 26-May-2025
5.22% -- --
80-90 Central Ventur LLC
4.90% -- --
PDOFQ2 22 Livingston Side Car LLC FRN 30-Jun-2025
4.90% -- --
Buchanan Mortgage Fund LLC
4.90% -- --
CBRE US Credit Partners LP
4.75% -- --
TCM CRE Credit Fund LP
3.85% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 0.49%
Administration Fee 62.92K%
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 5000.00 None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund seeks to generate current income with low volatility and low correlation to broader equity and bond markets. The Fund pursues its investment objectives by investing, under normal circumstances, at least 80% of assets, plus the amount of any borrowings for investment purposes, in Real Estate Investments.
General
Security Type Unlisted Closed-End Fund
Broad Asset Class Sector Equity
Broad Category Equity
Global Peer Group Equity Sector Real Estate US
Peer Group Real Estate Funds
Global Macro --
US Macro Sector Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Real Estate Funds
Fund Owner Firm Name Thirdline Capital
Broad Asset Class Benchmark Index
^MSWNTR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 7.48%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 57
Stock
Weighted Average PE Ratio --
Weighted Average Price to Sales Ratio --
Weighted Average Price to Book Ratio --
Weighted Median ROE 6.38%
Weighted Median ROA 2.67%
ROI (TTM) 4.10%
Return on Investment (TTM) 4.10%
Earning Yield --
LT Debt / Shareholders Equity 0.9082
Number of Equity Holdings 38
Bond
Yield to Maturity (6-30-25) --
Effective Duration --
Average Coupon --
Calculated Average Quality --
Effective Maturity --
Nominal Maturity --
Number of Bond Holdings 7
As of June 30, 2025

Growth Metrics

EPS Growth (1Y) --
EPS Growth (3Y) --
EPS Growth (5Y) --
Sales Growth (1Y) 5.76%
Sales Growth (3Y) 10.82%
Sales Growth (5Y) 10.29%
Sales per Share Growth (1Y) 2.73%
Sales per Share Growth (3Y) 6.18%
Operating Cash Flow - Growth Rate (3Y) 13.83%
As of June 30, 2025

Fund Details

Key Dates
Inception Date --
Last Annual Report Date 3/31/2025
Last Prospectus Date 7/31/2024
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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