IOREX

Real Estate Fund
  • A
  • 1

Overview

The Strategy typically invests in real estate securities, primarily real estate investment trusts (REITs).

Inception Date
May 28, 2019
Investment Style
Real Estate
Fund Index
FTSE NAREIT Equity REITs TR Index
CUSIP
00141G476
NAV
(as of 08/23/2019)
$26.70
Total Assets
(as of 07/31/2019)
$998.74 MM
Gross Expense Ratio
(as of 07/31/2019)
0.99%
Net Expense Ratio
(as of 07/31/2019)
0.97%
Performance
Average Annual Total Returns
Dividends
Capital Gains Distributions
as of 07/31/2019
  • B
as of 06/30/2019
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
3 mo ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr
Real Estate Fund (NAV)
1.15% 17.75% 11.36% 2.81% 7.02% 14.56%
FTSE NAREIT Equity REITs TR Index
1.24% 17.78% 11.21% 4.20% 7.92% 15.46%
Cumulative
Annualized
3 mo ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr
Real Estate Fund (with sales charge)
1.15% 17.75% 11.36% 2.81% 7.02% 14.56%
FTSE NAREIT Equity REITs TR Index
1.24% 17.78% 11.21% 4.20% 7.92% 15.46%
Cumulative
Annualized
ytd as of 2019-07-31
1 yr since inception 3 yr 5 yr 10 yr
Real Estate Fund (NAV)
17.75% 11.36% 1.60% 2.81% 7.02% 14.56%
FTSE NAREIT Equity REITs TR Index
19.29% 11.73% - 3.23% 8.19% 14.46%
Cumulative
Annualized
ytd as of 2019-07-31
1 yr since inception 3 yr 5 yr 10 yr
Real Estate Fund (with sales charge)
17.75% 11.36% 1.60% 2.81% 7.02% 14.56%
FTSE NAREIT Equity REITs TR Index
19.29% 11.73% - 3.23% 8.19% 14.46%
Gross Expense Ratio: 0.99% | Net Expense Ratio: 0.97%

Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.


Year Real Estate Fund

Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.


Date Dividends
6/20/2019 0.088

Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.

$ per share as of 08/25/2019

Date 2014 2015 2016 2017 2018
Short Term 0.1761 0.4868 0.4472
Long Term 1.0441 1.5582 2.2193 0.9024 0.6346
Total Amount of Distribution 1.2201 2.0449 2.6665 0.9024 0.6346
Record Date 12/10/14 12/9/15 12/7/16 12/6/17 12/12/18
Ex Div Date 12/11/14 12/10/15 12/8/16 12/7/17 12/13/18
Pay Date 12/11/14 12/10/15 12/8/16 12/7/17 12/13/18
Portfolio

Top Issuers

(86.1% of assets as of 07/31/2019)


Portfolio Holdings Breakdown

Country
Equity Sector
Asset Allocation
Market Cap 4
Country Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
United States 99.0% 100.0% -1.0%
Equity Sector Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Apartments 19.1% 13.9% 5.2%
Office 11.6% 9.9% 1.6%
Industrial 11.1% 10.9% 0.1%
Health Care 10.9% 12.4% -1.5%
Free Standing 9.5% 5.1% 4.4%
Single Family Homes 8.2% 2.0% 6.2%
Data Centers 6.6% 8.3% -1.8%
Shopping Centers 6.6% 5.8% 0.9%
Specialty 5.7% 4.9% 0.7%
Lodging/Resorts 4.7% 5.1% -0.4%
Regional Malls 2.8% 6.4% -3.6%
Home Financing 1.2% - -
Infrastructure Reits 1.0% - -
Asset Allocation Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Equity 99.0% 100.0% -1.0%
Market Cap Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Mid 49.5% 45.9% 3.6%
Large 42.9% 40.4% 2.5%
Small 6.6% 13.7% -7.1%
Analytics
(As of 07/31/2019)

Distribution Rate
Distribution
1.31%
Adjusted Distribution
0.89%
Portfolio Characteristics
Fund
Fund Index
P/E Ratio (LTM)
32.95
32.34
P/E Ratio (NTM)
37.34
40.92
Price/Book
2.20
2.40
Turnover Ratio
72%
-
Active Share
58.41%
-
Dividends
Est. Frequency
Quarterly
Last Pay Date
6/20/2019
Per Share ($)
$0.0880
12-Month Distribution ($)
$0.0880
Team
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Investments in real estate companies, including REITs or similar structures, are subject to volatility and risk. Smaller real estate companies may also be subject to liquidity risk. Small-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a small-sized company, if any gain is realized at all. The Fund is classified as a “non-diversified” fund and may invest a greater portion of its assets in the securities of a single issuer.
  2. 2. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  3. 3. Holdings are subject to change, and are dollar weighted based on total new assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the Fund’s net asset value and fluctuations of dividends and distributions paid by the Fund.
  4. 4. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund's prospectus.
  5. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  6. B. Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.
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