Global Real Estate Fund

Global Real Estate Fund

Objective

The Fund seeks total return from both capital appreciation and current income.

Fund Overview

  • Approaches a stock selection with an emphasis on superior property location and quality, strong prospects for appreciation in property rents and values and management’s track record for adding value.
  • Invests primarily in high quality commercial and residential real estate companies located in both U.S. and non-U.S. countries that can potentially serve as inflation-protected income vs. traditional income-oriented securities.
  • Utilizes a rigorous, repeatable, bottom-up investment approach incorporating a quantitative and qualitative analyses of companies’ cash flow, assets and management.
  • The team aims to identify securities with the most risk-adjusted appreciation potential using proprietary Discounted Cash Flow and Relative Ranking models.
  • Seeks to adjust to changing market fundamentals through sector and geographic rotation, employs active stock selection and leverages the team’s long-term experience in real estate security portfolio management.
Share Class*
Institutional
Ticker Symbol
KIRYX
CUSIP
90386K829
Inception Date
28th April 2006
Net** / Gross Expense Ratio
1.11% / 1.64%
Distribution Frequency
Quarterly
Total Holdings (as of 12/31/23)
33
SEC 30-Day Yield***
(as of 12/31/23)
2.39% / 1.58%
Benchmark
FTSE EPRA NAREIT Developed Index
Account Access and Related Materials

*For additional information for other share classes, click Account Access and Related Materials.

**The advisor has contractually agreed to reduce fees and reimburse expenses until April 30, 2025. In the absence of current fee waivers, total return and yield would be reduced.



***The subsidized SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and includes the effect of any fee waivers. Without waivers, yields would be reduced.

Daily NAV
$11.59
Daily Change
-0.09
Daily % Change
-0.771%

Growth of a $10,000 Investment

Value as of xx/xx/xx
 

Assumes an initial investment of $10,000 was made on the fund's inception date of 04/28/2006. The growth of a $10,000 investment in the fund is hypothetical and for illustration only. It does not represent any actual investment.

Annualized Fund Performance
as of 03/31/2024

Trailing Year Performance YTD* 1-Yr
Trailing
3-Yrs
Trailing
5-Yrs
Trailing
10-Yrs
Trailing
Since
Inception
Global Real Estate Fund Net of Fees -0.79% 10.23% -0.58% 0.19% 2.52% 2.28%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call +1 (877) FUND-WHG. *YTD figure is calculated as of the most recent month end.


Global Real Estate Fund
Geographic Allocation (%)

Tap chart to show detail
Data as of December 31, 2023. Holdings are subject to change. Information is for the institutional share class only; other classes may vary. Diversification does not protect against market loss. There can be no assurance that the Fund will achieve its stated objective. The summation of percentages reported may not equal 100% due to rounding discrepancies. Copyright © 2024 Westwood Funds

Westwood Global Real Estate (KIRYX)

Source: Morningstar. Data for trailing three years 10/01/20 to 12/31/23).

Past performance does not guarantee future results.
World Stocks – MSCI World Index; Government Bonds – Bloomberg U.S. Treasury Bond Index; Large Cap Stocks- S&P 500® Index; Small Cap Stocks – Russell 2000® Index

Risk Characteristics (3-Year)

  Fund Benchmark
Beta 0.92 1.00
Correlation 0.96 1.00
Standard Deviation 16.74 17.48

Data for trailing three years (10/01/20 to 12/31/23)

Beta is a measure of risk that shows a fund’s volatility relative to its benchmark index. Cash flow measures the cash generating capability of a company by adding non-cash charges (e.g., depreciation) and interest expense to pretax income. Correlation is a statistical measure of the interdependence of two random variables that range in value from -1 to +1, indicating perfect negative correlation at -1, absence of correlation at zero and perfect positive correlation at +1. Standard deviation measures the degree to which a fund’s return varies from its previous returns for from the average of all similar funds.
Past performance does not guarantee future results.

Global Real Estate Portfolio Management