Private Real Estate Strategy via Liquid REITs ETF (PRVT)

Overview

The fund operates as an actively-managed exchange-traded fund (ETF) with a focus on investing in a broad portfolio of publicly-traded Real Estate Investment Trusts (REITs) and mortgage-backed securities (MBS). These investments are primarily derived from U.S. stock exchanges, though there is a mindful extension into international markets, including Canada, Europe, and Asia. The fund's investment strategy is distinctive for targeting REITs and MBS that, after a comprehensive evaluation by its sub-adviser, display both quantitative and qualitative attributes deemed superior when weighed against the combined real estate portfolio holdings of certain public, non-traded REITs. It is important to note the fund's classification as non-diversified, highlighting a specialized investment approach focusing on specific sectors within the real estate market.

Products and Services

• Publicly-Traded REITs

The fund's primary investment focuses on REITs listed predominantly on U.S. stock exchanges, with a strategic expansion into markets in Canada, Europe, and Asia. These REITs encompass a wide range of real estate sectors, offering investors exposure to both the equity and debt holdings within the diverse world of real estate.

• Mortgage-Backed Securities (MBS)

Additionally, the fund allocates a portion of its portfolio to MBS, a type of investment that is secured by a mortgage or collection of mortgages. This includes both residential and commercial mortgage-backed securities, providing a balanced approach to real estate investment through assets that traditionally offer income generation and risk diversification benefits.