Destinations Real Assets Fund
Overview
The Destinations Real Assets Fund seeks to provide long-term capital appreciation and invests globally across areas of real assets including infrastructure, real estate, and natural resources.
Employing a multi-manager approach, the Fund currently allocates assets among the following sub-advisers:
- Delaware Investments Fund Advisers is the sub-adviser of the Macquarie Diversified Real Assets strategy which dynamically allocates among dedicated infrastructure, real estate, and natural resources strategies that focus on fundamental research to identify attractive investment opportunities.
- Newton Investment Management North America, LLC is the sub-adviser of Newton Global Natural Resources Equity which employs a top-down assessment of commodity cycles and bottom-up fundamental research to construct a conviction-weighted portfolio of companies operating in the natural resources industry.
- Nuveen Asset Management, LLC is the sub-adviser of the Nuveen Global Real Assets strategy which invests in global real estate and global infrastructure utilizing its emphasis on bottom-up research and valuations while leveraging insights from the firm’s private markets expertise.
I Share Fund performance as of 12/31/24 | ||||||||||||||
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MTD | QTD | YTD | 1 Year | 3 Years | 5 Years | Since Inception | ||||||||
Destinations Real Assets Fund |
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FTSE All World Developed Index |
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. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 1-877-771-7979.
The Fund’s adviser, Orion Portfolio Solutions, LLC d.b.a. Brinker Capital Investments (“the Adviser”), has contractually agreed to waive a portion of its management fee as necessary to keep the Fund’s management fee from exceeding 0.444% more than the total amount of sub-advisory fees paid by the Adviser. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2025 and may be amended or terminated only with the consent of the Board of Trustees.
**Annual expenses have been restated based on estimated current expenses as of April 30, 2024 using the Fund’s assets as of April 30, 2024. Consequently, the Fund’s Total Annual Fund Operating Expenses will differ from the numbers shown in the Fund's financial statements (or the “Financial Highlights” section in the prospectus).
FTSE All World Developed Index is a market-capitalization weighted index representing the performance of large and mid cap companies in developed markets.
An investment in the Destinations Real Assets Fund is subject to risk, including the possible loss of principal amount invested.
Concentration is the risk that issuers in a single country, a small number of countries, or a particular geographic region or issuers in an industry or sector can react similarly to market, economic, political, regulatory, geopolitical, and other conditions.
Derivatives, such as futures, involve risks different from, or possibly greater than, risks associated with investing directly in securities and other traditional investments. Specific risk issues include tax issues, increased potential for losses and/or costs to the Fund, and a potential reduction in gains to the Fund.
Foreign securities subject the Fund to the risks associated with investing in the particular country of an issuer, including the political, regulatory, economic, social, diplomatic and other conditions or events, as well as risks associated with less developed custody and settlement practices. Foreign securities may be more volatile and less liquid than securities of U.S. companies. Risks of foreign investment tend to be greater in emerging markets, which tend to be more likely to experience political turmoil or rapid change to market or economic conditions.
Liquidity risk refers to the possibility that securities cannot be readily sold within seven days at approximately the price at which the Fund has valued them.
Mid-capitalization companies may be newer or less established than large-capitalization companies, and may have limited resources, products and markets, can be more volatile and may be less liquid. Stocks of smaller companies may be subject to more abrupt or erratic market movements than stocks of larger, more established companies and typically are traded in lower volume, are less liquid.
Investment in companies in natural resources industries can be significantly affected by (often rapid) changes in supply of, or demand for, various natural resources.
As a non-diversified fund, the Fund may invest a larger portion of its assets in a smaller number of issuers, which could make it more susceptible to economic or credit risks than a diversified fund.
Real estate investment trusts (REITs) are trusts that invest primarily in commercial real estate or real estate-related loans. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.
With securities lending risk, the Fund may lose money from securities lending if, for example, it is delayed in or prevented from selling the collateral after the loan is made or recovering the securities loaned or if it incurs losses on the reinvestment of cash collateral.
- Ticker: DRAFX
- CUSIP: 10964R509
- Benchmark: FTSE All World Developed Index
- Inception date: 3/20/2017
- Gross expense ratio: 1.34%
- Net expense ratio: 1.10%*
Daily NAV | Date: | 02/13/2025 |
NAV: $2.22 NAV change: $0.02 Total assets ($m): $299.6
Management team
- Brian Storey CFA, Deputy CIO of Destinations Portfolios, Brinker Capital Investments
Brian Storey is a senior portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he has portfolio management responsibilities for Brinker Capital’s Destinations program. Brian is involved in all aspects of the investment process for these multi-asset class portfolio solutions, including asset allocation, portfolio construction, manager research, and due diligence.
Prior to joining Brinker Capital, Brian was a Senior Portfolio Manager at First Citizens Bank where he oversaw portfolio construction for the globally-diversified investment strategies utilized by the firm’s private wealth and institutional clients. Previously, he served in various leadership and operational roles during his five years as an officer in the U.S. Coast Guard.
Brian graduated from the United States Coast Guard Academy with a Bachelor of Science in management and earned his Master of Business Administration from Duke University’s Fuqua School of Business where he graduated as a Fuqua scholar. Brian is a CFA® charterholder and holds the FINRA Series 65 license. He is a member of the CFA® Institute and the CFA® Society North Carolina.
- Andrew Goins Andrew Goins, CFA, Senior Portfolio Manager
Andrew Goins is a senior portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he has portfolio management responsibilities for Brinker Capital’s Destinations program. Andrew is involved in all aspects of the investment process for these multi-asset class portfolio solutions, including asset allocation, portfolio construction, manager research, and due diligence. Andrew first joined Brinker Capital in 2010. He held several roles focusing on manager research and due diligence as well as managing multi-asset class portfolios before moving into a senior portfolio manager role in 2023.
Prior to joining Brinker Capital, Andrew was an investment management analyst at Budros, Ruhlin & Roe, an independent RIA in Columbus, OH. Andrew graduated from The Ohio State University with a Bachelor of Science in Business Administration. Andrew is a CFA® charterholder and holds the FINRA Series 7 license. He is a member of the CFA® Institute and the CFA® Society North Carolina.
Performance
I Share Fund performance as of 12/31/24 | ||||||||||||||||||||||||||||||
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MTD | QTD | YTD | 1 Year | 3 Years | 5 Years | Since Inception | Inception Date | Gross expense ratio | Net expense ratio* | |||||||||||||||||||||
Destinations Real Assets Fund |
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FTSE All World Developed Index |
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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. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 1-877-771-7979.
The Fund’s adviser, Orion Portfolio Solutions, LLC d.b.a. Brinker Capital Investments (“the Adviser”), has contractually agreed to waive a portion of its management fee as necessary to keep the Fund’s management fee from exceeding 0.444% more than the total amount of sub-advisory fees paid by the Adviser. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2025 and may be amended or terminated only with the consent of the Board of Trustees.
**Annual expenses have been restated based on estimated current expenses as of April 30, 2024 using the Fund’s assets as of April 30, 2024. Consequently, the Fund’s Total Annual Fund Operating Expenses will differ from the numbers shown in the Fund's financial statements (or the “Financial Highlights” section in the prospectus).
FTSE All World Developed Index is a market-capitalization weighted index representing the performance of large and mid cap companies in developed markets.
Holdings
Security Description | Ticker Symbol | Security ID | Security Type Description | Quantity | Base Market Value | Percent TNA |
---|---|---|---|---|---|---|
AUSTRALIAN DOLLAR | CASHAUD | CURRENCY | 353.0500 | 219.37 | .00 | |
CANADIAN DOLLAR | CASHCAD | CURRENCY | 170,026.9700 | 116,949.46 | .04 | |
EURO | CASHEUR | CURRENCY | 2.2000 | 2.29 | .00 | |
HONG KONG DOLLAR | CASHHKD | CURRENCY | 62.0700 | 7.96 | .00 | |
YEN JAPAN | CASHJPY | CURRENCY | 8.0000 | .06 | .00 | |
SINGAPORE DOLLAR | CASHSGD | CURRENCY | 1.7000 | 1.25 | .00 | |
SWEDISH KRONA | CASHSEK | CURRENCY | 52.2800 | 4.71 | .00 | |
BRITISH POUNDS | CASHGBP | CURRENCY | 2,859.4700 | 3,545.46 | .00 | |
US DOLLARS | CASHUSD | CURRENCY | 5,512,429.2300 | 5,512,429.23 | 1.72 | |
LIFESTYLE COMMUNITIES LT /AUD/ | 6137195 | COMMON STOCK | 12,637.0000 | 76,929.02 | .02 | |
MIRVAC GROUP /AUD/ | MGR | 6161978 | REIT - Real Estate Invesment Trust | 103,448.0000 | 125,835.57 | .04 |
TRANSURBAN GROUP /AUD/ | 6200882 | COMMON STOCK | 282,420.0000 | 2,341,149.69 | .73 | |
CHARTER HALL RETAIL REIT /AUD/ | 6225595 | REIT - Real Estate Invesment Trust | 67,240.0000 | 136,819.91 | .04 | |
LEND LEASE GROUP /AUD/ | 6512004 | OTHER EQUITY | 49,524.0000 | 198,908.60 | .06 | |
STOCKLAND /AUD/ | 6850856 | REIT - Real Estate Invesment Trust | 210,855.0000 | 672,151.68 | .21 | |
DEXUS/AU /AUD/ | B033YN6 | REIT - Real Estate Invesment Trust | 15,632.0000 | 70,227.06 | .02 | |
GOODMAN GROUP /AUD/ | B03FYZ4 | REIT - Real Estate Invesment Trust | 89,729.0000 | 2,035,220.86 | .64 | |
CHARTER HALL GROUP /AUD/ | CHC | B15F6S6 | REIT - Real Estate Invesment Trust | 46,513.0000 | 450,686.36 | .14 |
QUBE HOLDINGS /AUD/ | B1L4BC6 | COMMON STOCK | 48,792.0000 | 126,176.97 | .04 | |
NEXTDC LTD /AUD/ | B5LMKP4 | COMMON STOCK | 114,293.0000 | 1,047,983.08 | .33 | |
INGENIA COMMUNITIES GROU /AUD/ | B84GSC7 | REIT - Real Estate Invesment Trust | 60,827.0000 | 216,175.58 | .07 | |
SCENTRE GROUP /AUD/ | BLZH0Z7 | REIT - Real Estate Invesment Trust | 200,157.0000 | 455,303.26 | .14 | |
DIGICO INFRASTRUCTURE RE /AUD/ | BTCHK67 | REIT - Real Estate Invesment Trust | 65,547.0000 | 184,496.16 | .06 | |
VICINITY CENTRES /AUD/ | BY7QXS7 | REIT - Real Estate Invesment Trust | 223,719.0000 | 305,883.19 | .10 | |
CLEANAWAY WASTE MANAGEME /AUD/ | BYQ8KW7 | COMMON STOCK | 140,055.0000 | 241,897.36 | .08 | |
ATLAS ARTERIA /AUD/ | BZ03TZ1 | OTHER EQUITY | 399,692.0000 | 1,255,201.62 | .39 | |
ELIA GROUP SA/NV /EUR/ | ELI | B09M9F4 | COMMON STOCK | 1,352.0000 | 91,376.04 | .03 |
MONTEA NV /EUR/ | B1FWD64 | REIT - Real Estate Invesment Trust | 6,431.0000 | 445,822.91 | .14 | |
VGP /EUR/ | B29L881 | COMMON STOCK | 3,639.0000 | 311,194.79 | .10 | |
TITAN CEMENT INTERNATION /EUR/ | BJ8PD99 | COMMON STOCK | 11,795.0000 | 558,640.94 | .17 | |
WAREHOUSES DE PAUW SCA /EUR/ | BK8VQD9 | REIT - Real Estate Invesment Trust | 12,770.0000 | 274,816.78 | .09 | |
CHINA GAS HOLDINGS LTD /HKD/ | 6460794 | COMMON STOCK | 662,400.0000 | 548,127.90 | .17 | |
HONGKONG LAND HOLDINGS LTD | 6434915 | COMMON STOCK | 126,128.0000 | 549,595.82 | .17 | |
ALTAGAS LTD /CAD/ | 021361100 | COMMON STOCK | 3,940.0000 | 90,894.93 | .03 | |
CT REAL ESTATE INVESTMEN /CAD/ | 126462100 | REIT - Real Estate Invesment Trust | 11,704.0000 | 115,039.49 | .04 | |
CANADIAN NATURAL RESOURC /CAD/ | CNQ | 2171573 | COMMON STOCK | 56,374.0000 | 1,711,945.59 | .53 |
ENBRIDGE INC /CAD/ | ENB | 2466149 | COMMON STOCK | 95,409.0000 | 4,124,535.30 | 1.29 |
ERO COPPER CORP /CAD/ | 296006109 | COMMON STOCK | 67,820.0000 | 907,780.86 | .28 | |
GIBSON ENERGY INC /CAD/ | 374825206 | COMMON STOCK | 63,485.0000 | 1,070,710.32 | .33 | |
INTERRENT REAL ESTATE IN /CAD/ | 46071W205 | REIT - Real Estate Invesment Trust | 28,830.0000 | 193,740.14 | .06 | |
NEXUS INDUSTRIAL REIT /CAD/ | 65344U101 | REIT - Real Estate Invesment Trust | 53,657.0000 | 272,372.43 | .09 | |
PAREX RESOURCES INC /CAD/ | 69946Q104 | COMMON STOCK | 44,747.0000 | 426,279.16 | .13 | |
PRIMARIS REIT /CAD/ | 74167K109 | REIT - Real Estate Invesment Trust | 15,251.0000 | 156,616.87 | .05 | |
RIOCAN REAL ESTATE INVST /CAD/ | 766910103 | REIT - Real Estate Invesment Trust | 15,322.0000 | 194,759.13 | .06 | |
SSR MINING INC /CAD/ | 784730103 | COMMON STOCK | 64,815.0000 | 518,930.15 | .16 | |
SPROTT PHYSICAL URANIUM /CAD/ | 85210A104 | POOLED INVESTMENTS | 55,362.0000 | 892,585.40 | .28 | |
TC ENERGY CORP /CAD/ | 87807B107 | COMMON STOCK | 8,650.0000 | 389,647.14 | .12 | |
TOURMALINE OIL CORP /CAD/ | 89156V106 | COMMON STOCK | 19,455.0000 | 886,003.06 | .28 | |
WEST FRASER TIMBER CO LT /CAD/ | 952845105 | COMMON STOCK | 8,539.0000 | 740,103.44 | .23 | |
BOARDWALK REAL ESTATE IN /CAD/ | BOWF | B011205 | REIT - Real Estate Invesment Trust | 1,971.0000 | 84,935.28 | .03 |
CANFOR CORP /CAD/ | B18P4F6 | COMMON STOCK | 37,817.0000 | 392,515.41 | .12 | |
KEYERA CORP /CAD/ | B3SGMV5 | COMMON STOCK | 5,075.0000 | 143,957.77 | .04 | |
PEMBINA PIPELINE CORP /CAD/ | B4PT2P8 | COMMON STOCK | 24,513.0000 | 884,514.89 | .28 | |
ARC RESOURCES LTD /CAD/ | B6463M8 | COMMON STOCK | 49,328.0000 | 844,498.35 | .26 | |
CHARTWELL RETIREMENT RES /CAD/ | B8S8C94 | OTHER EQUITY | 17,629.0000 | 194,618.05 | .06 | |
IVANHOE MINES LTD-CL A /CAD/ | BD73C40 | COMMON STOCK | 17,984.0000 | 193,094.36 | .06 | |
CAPSTONE COPPER CORP /CAD/ | BMY5XY9 | COMMON STOCK | 245,436.0000 | 1,374,178.24 | .43 | |
KILLAM APARTMENT REAL ES /CAD/ | BYZ1856 | REIT - Real Estate Invesment Trust | 16,401.0000 | 186,476.27 | .06 | |
CAMECO CORP | CCJ | 13321L108 | COMMON STOCK | 14,773.0000 | 730,377.12 | .23 |
CANADIAN PACIFIC KANSAS CITY | 13646K108 | COMMON STOCK | 2,522.0000 | 200,751.20 | .06 | |
ENBRIDGE INC | ENB | 29250N105 | COMMON STOCK | 41,451.0000 | 1,792,341.24 | .56 |
GFL ENVIRONMENTAL INC-SUB VT | GFL | 36168Q104 | COMMON STOCK | 6,742.0000 | 290,782.46 | .09 |
HUDBAY MINERALS INC | HBM | 443628102 | COMMON STOCK | 171,549.0000 | 1,418,710.23 | .44 |
METHANEX CORP | MEOH | 59151K108 | COMMON STOCK | 37,449.0000 | 1,954,837.80 | .61 |
NUTRIEN LTD | NTR | 67077M108 | COMMON STOCK | 26,922.0000 | 1,389,982.86 | .43 |
SUNCOR ENERGY INC NEW | SU | 867224107 | COMMON STOCK | 37,912.0000 | 1,423,974.72 | .44 |
TECK RESOURCES LTD CLS B | TECK | 878742204 | COMMON STOCK | 22,552.0000 | 921,925.76 | .29 |
WASTE CONNECTIONS INC | 94106B101 | COMMON STOCK | 6,135.0000 | 1,127,428.95 | .35 | |
WHEATON PRECIOUS METALS CORP | 962879102 | COMMON STOCK | 27,266.0000 | 1,703,307.02 | .53 | |
ENN ENERGY HOLDINGS LTD /HKD/ | 6333937 | COMMON STOCK | 25,100.0000 | 170,445.16 | .05 | |
CHINA TOWER CORP LTD-H /HKD/ | BFZ2PK0 | COMMON STOCK | 4,930,000.0000 | 709,159.10 | .22 | |
SCHLUMBERGER LTD | SLB | 806857108 | COMMON STOCK | 23,998.0000 | 966,639.44 | .30 |
FRONTLINE PLC | BMCVDT4 | COMMON STOCK | 11,213.0000 | 194,209.16 | .06 | |
ORSTED A/S /DKK/ | BYT16L4 | COMMON STOCK | 19,943.0000 | 766,125.73 | .24 | |
VEOLIA ENVIRONNEMENT /EUR/ | 4031879 | COMMON STOCK | 10,836.0000 | 308,808.34 | .10 | |
GECINA SA /EUR/ | 7742468 | REIT - Real Estate Invesment Trust | 3,487.0000 | 339,813.40 | .11 | |
ENGIE /EUR/ | B0C2CQ3 | COMMON STOCK | 20,308.0000 | 334,822.45 | .10 | |
ADP /EUR/ | B164FY1 | COMMON STOCK | 20,657.0000 | 2,353,280.60 | .73 | |
GETLINK SE /EUR/ | B292JQ9 | COMMON STOCK | 60,232.0000 | 964,923.15 | .30 | |
E.ON SE /EUR/ | 4942904 | COMMON STOCK | 42,112.0000 | 498,919.76 | .16 | |
TAG IMMOBILIEN AG /EUR/ | 5735631 | COMMON STOCK | 21,627.0000 | 322,291.35 | .10 | |
FRAPORT AG FRANKFURT AIR /EUR/ | FRA | 7107551 | COMMON STOCK | 26,224.0000 | 1,564,332.25 | .49 |
LEG IMMOBILIEN SE /EUR/ | B9G6L89 | COMMON STOCK | 7,340.0000 | 607,795.32 | .19 | |
VONOVIA SE /EUR/ | BBJPFY1 | COMMON STOCK | 8,999.0000 | 276,362.71 | .09 | |
INSTONE REAL ESTATE GROU /EUR/ | BFYXP82 | COMMON STOCK | 10,016.0000 | 86,325.86 | .03 | |
ATHENS INTERNATIONAL AIR /EUR/ | BPYS8N3 | COMMON STOCK | 76,786.0000 | 682,525.83 | .21 | |
SIRIUS REAL ESTATE LTD /GBP/ | B1W3VF5 | REIT - Real Estate Invesment Trust | 391,954.0000 | 387,988.54 | .12 | |
CLP HOLDINGS LTD /HKD/ | 6097017 | COMMON STOCK | 186,500.0000 | 1,550,144.11 | .48 | |
HYSAN DEVELOPMENT CO /HKD/ | 14 | 6449629 | COMMON STOCK | 32,000.0000 | 46,191.96 | .01 |
SINO LAND CO /HKD/ | 83 | 6810429 | COMMON STOCK | 310,000.0000 | 297,206.93 | .09 |
SUN HUNG KAI PROPERTIES /HKD/ | 16 | 6859927 | COMMON STOCK | 102,197.0000 | 916,153.86 | .29 |
LINK REIT /HKD/ | 823 | B0PB4M7 | REIT - Real Estate Invesment Trust | 171,542.0000 | 707,238.63 | .22 |
SWIRE PROPERTIES LTD /HKD/ | B67C2G0 | COMMON STOCK | 154,210.0000 | 304,181.37 | .09 | |
CRH PLC /GBP/ | 0182704 | COMMON STOCK | 16,588.0000 | 1,650,154.49 | .52 | |
WEATHERFORD INTERNATIONAL PL | WFRD | BLNN369 | COMMON STOCK | 11,244.0000 | 707,809.80 | .22 |
SMURFIT WESTROCK PLC | SW | BRK49M5 | COMMON STOCK | 24,482.0000 | 1,299,749.38 | .41 |
LIFEZONE METALS LTD | LZM | BLCY1J2 | COMMON STOCK | 37,745.0000 | 220,808.25 | .07 |
ENEL SPA /EUR/ | 7144569 | COMMON STOCK | 265,746.0000 | 1,887,483.26 | .59 | |
SNAM SPA /EUR/ | 7251470 | COMMON STOCK | 250,275.0000 | 1,156,039.69 | .36 | |
TERNA-RETE ELETTRICA NAZ /EUR/ | B01BN57 | COMMON STOCK | 220,037.0000 | 1,815,431.65 | .57 | |
ENAV SPA /EUR/ | BD0CRV6 | COMMON STOCK | 531,323.0000 | 1,898,709.49 | .59 | |
INFRASTRUTTURE WIRELESS /EUR/ | BZ0P4R4 | COMMON STOCK | 30,647.0000 | 318,548.03 | .10 | |
NIPPON BUILDING FUND INC /JPY/ | 8951 | 6396800 | REIT - Real Estate Invesment Trust | 596.0000 | 474,983.81 | .15 |
JAPAN AIRPORT TERMINAL C /JPY/ | 9706 | 6472175 | COMMON STOCK | 4,900.0000 | 158,999.12 | .05 |
KAMIGUMI CO LTD /JPY/ | 6482668 | COMMON STOCK | 5,800.0000 | 126,335.63 | .04 | |
ORIX JREIT INC /JPY/ | 8954 | 6527774 | REIT - Real Estate Invesment Trust | 28.0000 | 31,113.50 | .01 |
MITSUBISHI ESTATE CO LTD /JPY/ | 6596729 | COMMON STOCK | 50,100.0000 | 728,170.65 | .23 | |
MITSUI FUDOSAN CO LTD /JPY/ | 6597603 | COMMON STOCK | 145,100.0000 | 1,310,172.29 | .41 | |
UNITED URBAN INVESTMENT /JPY/ | 8960 | 6723839 | REIT - Real Estate Invesment Trust | 286.0000 | 277,133.67 | .09 |
SUMITOMO REALTY & DEVELO /JPY/ | 6858902 | COMMON STOCK | 35,345.0000 | 1,221,618.42 | .38 | |
TOKYO TATEMONO CO LTD /JPY/ | 6895426 | COMMON STOCK | 13,900.0000 | 214,179.40 | .07 | |
INVINCIBLE INVESTMENT CO /JPY/ | B00STP1 | REIT - Real Estate Invesment Trust | 1,075.0000 | 469,007.15 | .15 | |
KDX REALTY INVESTMENT CO /JPY/ | 8972 | B0C5Q59 | REIT - Real Estate Invesment Trust | 242.0000 | 241,892.58 | .08 |
DAIWA OFFICE INVESTMENT | B0LNTF5 | REIT - Real Estate Invesment Trust | 81.0000 | 153,730.50 | .05 | |
DAIWA SECURITIES LIVING /JPY/ | B15T1S3 | REIT - Real Estate Invesment Trust | 639.0000 | 368,102.71 | .11 | |
NIPPON ACCOMMODATIONS FU /JPY/ | 3226 | B182BB2 | REIT - Real Estate Invesment Trust | 28.0000 | 105,355.28 | .03 |
ADVANCE RESIDENCE INVEST /JPY/ | B62WZW2 | REIT - Real Estate Invesment Trust | 282.0000 | 259,724.94 | .08 | |
GLP J-REIT /JPY/ | B8RBZV7 | REIT - Real Estate Invesment Trust | 213.0000 | 174,514.05 | .05 | |
NIPPON PROLOGIS REIT INC /JPY/ | B98BC67 | REIT - Real Estate Invesment Trust | 587.0000 | 896,696.14 | .28 | |
HOSHINO RESORTS REIT INC /JPY/ | BBH7G35 | REIT - Real Estate Invesment Trust | 111.0000 | 148,142.14 | .05 | |
KYUSHU RAILWAY COMPANY /JPY/ | BD2BST6 | COMMON STOCK | 2,300.0000 | 55,977.75 | .02 | |
TOKYU FUDOSAN HOLDINGS C /JPY/ | BDC6LT2 | COMMON STOCK | 71,300.0000 | 457,564.71 | .14 | |
HULIC REIT INC /JPY/ | BJ04C42 | REIT - Real Estate Invesment Trust | 41.0000 | 37,476.30 | .01 | |
TOKYO METRO CO LTD /JPY/ | BQTY1X4 | COMMON STOCK | 27,600.0000 | 308,563.75 | .10 | |
NOMURA REAL ESTATE MASTE /JPY/ | BYSJJF4 | REIT - Real Estate Invesment Trust | 424.0000 | 408,461.52 | .13 | |
STAR ASIA INVESTMENT COR /JPY/ | BYYJ8J5 | REIT - Real Estate Invesment Trust | 682.0000 | 227,175.35 | .07 | |
3I INFRASTRUCTURE PLC /GBP/ | BF5FX16 | POOLED INVESTMENTS | 37,098.0000 | 146,330.02 | .05 | |
ARCELORMITTAL-NY REGISTERED | MT | 03938L203 | COMMON STOCK | 62,365.0000 | 1,541,039.15 | .48 |
GRUPO AEROPORTUARIO DEL /MXN/ | OMAB | B1KFX13 | COMMON STOCK | 147,465.0000 | 1,392,821.89 | .43 |
GRUPO AEROPORTUARIO CEN-ADR | OMAB | 400501102 | COMMON STOCK | 5,791.0000 | 437,799.60 | .14 |
GRUPO AEROPORTUARIO PAC-ADR | PAC | 400506101 | COMMON STOCK | 2,737.0000 | 507,302.95 | .16 |
GRUPO AEROPORTUARIO SUR-ADR | ASR | 40051E202 | COMMON STOCK | 3,627.0000 | 995,502.69 | .31 |
CORP INMOBILIARIA VESTA-ADR | VTMX | 92540K109 | COMMON STOCK | 22,687.0000 | 595,306.88 | .19 |
WERELDHAVE NV /EUR/ | WHA | 4948623 | REIT - Real Estate Invesment Trust | 23,244.0000 | 352,407.27 | .11 |
VOPAK /EUR/ | 5809428 | COMMON STOCK | 24,861.0000 | 1,137,081.49 | .36 | |
CTP NV /EUR/ | BLF7T27 | COMMON STOCK | 17,071.0000 | 283,816.18 | .09 | |
FERROVIAL SE /EUR/ | BRS7CF0 | COMMON STOCK | 11,538.0000 | 494,193.74 | .15 | |
INFRATIL LTD /NZD/ | IFT | 6459286 | COMMON STOCK | 30,230.0000 | 191,029.06 | .06 |
AUCKLAND INTL AIRPORT LT /NZD/ | BKX3XG2 | COMMON STOCK | 667,879.0000 | 3,254,771.71 | 1.02 | |
INTL CONTAINER TERM SVCS /PHP/ | 6455819 | COMMON STOCK | 31,250.0000 | 187,300.08 | .06 | |
CITY DEVELOPMENTS LTD /SGD/ | 6197928 | COMMON STOCK | 79,231.0000 | 294,404.64 | .09 | |
CAPITALAND INTEGRATED CO /SGD/ | 6420129 | REIT - Real Estate Invesment Trust | 122,100.0000 | 174,655.01 | .05 | |
SEMBCORP INDUSTRIES LTD /SGD/ | SCI | B08X163 | COMMON STOCK | 95,100.0000 | 389,316.21 | .12 |
MAPLETREE LOGISTICS TRUS /SGD/ | MLT | B0D6P43 | REIT - Real Estate Invesment Trust | 116,700.0000 | 104,511.20 | .03 |
FRASERS CENTREPOINT TRUS /SGD/ | FCT | B17NZ47 | REIT - Real Estate Invesment Trust | 298,123.0000 | 469,641.23 | .15 |
CAPITALAND INDIA TRUST /SGD/ | B23DMQ9 | REIT - Real Estate Invesment Trust | 141,008.0000 | 105,792.11 | .03 | |
PARKWAYLIFE REAL ESTATE /SGD/ | B23WXW9 | REIT - Real Estate Invesment Trust | 189,036.0000 | 538,701.69 | .17 | |
MAPLETREE INDUSTRIAL TRU /SGD/ | B4LR5Q8 | REIT - Real Estate Invesment Trust | 7,900.0000 | 12,184.50 | .00 | |
CAPITALAND INVESTMENT LT /SGD/ | BNHXFJ6 | COMMON STOCK | 117,500.0000 | 211,884.03 | .07 | |
KEPPEL DC REIT /SGD/ | BT9Q186 | REIT - Real Estate Invesment Trust | 603,863.0000 | 979,113.35 | .31 | |
IMPALA PLATINUM-SPON ADR | IMPUY | 452553308 | COMMON STOCK | 67,553.0000 | 376,945.74 | .12 |
ENDESA SA /EUR/ | 5271782 | COMMON STOCK | 13,478.0000 | 298,482.30 | .09 | |
SACYR SA /EUR/ | 5504789 | COMMON STOCK | 449,717.0000 | 1,471,317.26 | .46 | |
IBERDROLA SA /EUR/ | B288C92 | COMMON STOCK | 77,482.0000 | 1,094,906.05 | .34 | |
EDP RENOVAVEIS SA /EUR/ | B39GNW2 | COMMON STOCK | 130,979.0000 | 1,222,850.44 | .38 | |
INMOBILIARIA COLONIAL SO /EUR/ | BD0PJ08 | REIT - Real Estate Invesment Trust | 57,382.0000 | 324,959.05 | .10 | |
REDEIA CORP SA /EUR/ | BD6FXN3 | COMMON STOCK | 76,918.0000 | 1,294,191.96 | .40 | |
IBERDROLA SA /EUR/ | BMZLX46 | COMMON STOCK | 1,321.0000 | 18,691.43 | .01 | |
MERLIN PROPERTIES SOCIMI /EUR/ | BNGNB77 | REIT - Real Estate Invesment Trust | 63,764.0000 | 736,896.40 | .23 | |
AENA SME SA /EUR/ | BVRZ8L1 | COMMON STOCK | 18,924.0000 | 4,077,928.71 | 1.27 | |
CELLNEX TELECOM SA /EUR/ | BX90C05 | COMMON STOCK | 87,680.0000 | 2,931,359.17 | .92 | |
UNIBAIL-RODAMCO-WESTFIEL /EUR/ | BF2PQ09 | REIT - Real Estate Invesment Trust | 6,022.0000 | 503,125.28 | .16 | |
HK ELECTRIC INVESTMENTS /HKD/ | BJ3WDZ1 | OTHER EQUITY | 482,500.0000 | 323,944.27 | .10 | |
CATENA AB NPV /SEK/ | CATE | B131GJ7 | COMMON STOCK | 7,453.0000 | 322,965.50 | .10 |
SAGAX AB-B /SEK/ | B9M3PK4 | COMMON STOCK | 16,572.0000 | 361,512.01 | .11 | |
WIHLBORGS FASTIGHETER AB /SEK/ | BPMQMP9 | COMMON STOCK | 13,483.0000 | 132,912.60 | .04 | |
FASTIGHETS AB BALDER-B S /SEK/ | BPMRNZ9 | COMMON STOCK | 50,747.0000 | 361,552.82 | .11 | |
CIBUS NORDIC REAL ESTAT /SEK/ | BYWR8Y6 | COMMON STOCK | 4,995.0000 | 80,924.37 | .03 | |
FLUGHAFEN ZURICH AG-REG /CHF/ | BYQ8481 | COMMON STOCK | 1,965.0000 | 473,505.23 | .15 | |
BRITISH LAND CO PLC /GBP/ | BLND | 0136701 | REIT - Real Estate Invesment Trust | 135,873.0000 | 630,991.11 | .20 |
DERWENT LONDON PLC /GBP/ | 0265274 | REIT - Real Estate Invesment Trust | 4,644.0000 | 112,446.75 | .04 | |
BIG YELLOW GROUP PLC /GBP/ | BYG | 0286941 | REIT - Real Estate Invesment Trust | 19,343.0000 | 228,953.15 | .07 |
UNITE GROUP PLC/THE /GBP/ | 0692861 | REIT - Real Estate Invesment Trust | 55,636.0000 | 590,023.29 | .18 | |
RIO TINTO PLC /GBP/ | 0718875 | COMMON STOCK | 17,091.0000 | 1,031,859.43 | .32 | |
SSE PLC /GBP/ | 0790873 | COMMON STOCK | 29,063.0000 | 586,758.68 | .18 | |
SEVERN TRENT PLC /GBP/ | B1FH8J7 | COMMON STOCK | 51,463.0000 | 1,609,460.05 | .50 | |
SAFESTORE HOLDINGS PLC /GBP/ | B1N7Z09 | REIT - Real Estate Invesment Trust | 54,120.0000 | 412,248.58 | .13 | |
ANGLO AMERICAN PLC /GBP/ | B1XZS82 | COMMON STOCK | 96,909.0000 | 2,852,883.03 | .89 | |
UNITED UTILITIES GROUP P /GBP/ | B39J2M4 | COMMON STOCK | 180,975.0000 | 2,291,224.08 | .72 | |
LONDONMETRIC PROPERTY PL /GBP/ | B4WFW71 | REIT - Real Estate Invesment Trust | 108,277.0000 | 249,394.30 | .08 | |
SEGRO PLC /GBP/ | B5ZN1N8 | REIT - Real Estate Invesment Trust | 14,816.0000 | 131,485.84 | .04 | |
SHAFTESBURY CAPITAL PLC /GBP/ | B62G9D3 | REIT - Real Estate Invesment Trust | 246,238.0000 | 378,160.02 | .12 | |
NATIONAL GRID PLC /GBP/ | BDR05C0 | COMMON STOCK | 297,235.0000 | 3,614,105.78 | 1.13 | |
TRITAX BIG BOX REIT PLC /GBP/ | BG49KP9 | REIT - Real Estate Invesment Trust | 161,102.0000 | 291,472.54 | .09 | |
HELIOS TOWERS PLC /GBP/ | BJVQC70 | COMMON STOCK | 138,874.0000 | 163,052.79 | .05 | |
ENDEAVOUR MINING PLC /GBP/ | BL6K5J4 | COMMON STOCK | 56,433.0000 | 1,142,345.18 | .36 | |
PENNON GROUP PLC /GBP/ | BNNTLN4 | COMMON STOCK | 75,845.0000 | 541,693.45 | .17 | |
SHELL PLC-NEW /GBP/ | BP6MXD8 | COMMON STOCK | 76,017.0000 | 2,493,931.00 | .78 | |
HAMMERSON PLC /GBP/ | BRJQ8J2 | REIT - Real Estate Invesment Trust | 91,962.0000 | 322,612.57 | .10 | |
NATIONAL GRID PLC-SP ADR | NGG | 636274409 | COMMON STOCK | 4,777.0000 | 293,307.80 | .09 |
TRONOX HOLDINGS PLC | TROX | BJT16S6 | COMMON STOCK | 33,281.0000 | 341,795.87 | .11 |
ACADIA REALTY TRUST | AKR | 004239109 | REIT - Real Estate Invesment Trust | 25,112.0000 | 578,580.48 | .18 |
AGREE REALTY CORP | ADC | 008492100 | REIT - Real Estate Invesment Trust | 25,430.0000 | 1,845,455.10 | .58 |
ALCOA CORP | AA | 013872106 | COMMON STOCK | 40,071.0000 | 1,415,307.72 | .44 |
ALEXANDRIA REAL ESTATE EQUIT | ARE | 015271109 | REIT - Real Estate Invesment Trust | 1,025.0000 | 99,783.75 | .03 |
ALLIANT ENERGY CORP | LNT | 018802108 | COMMON STOCK | 8,728.0000 | 513,904.64 | .16 |
AMEREN CORPORATION | AEE | 023608102 | COMMON STOCK | 17,398.0000 | 1,638,891.60 | .51 |
AMERICAN ELECTRIC POWER | AEP | 025537101 | COMMON STOCK | 18,286.0000 | 1,798,610.96 | .56 |
AMERICAN HOMES 4 RENT- A | AMH | 02665T306 | REIT - Real Estate Invesment Trust | 14,697.0000 | 508,957.11 | .16 |
AMERICAN TOWER CORP | AMT | 03027X100 | REIT - Real Estate Invesment Trust | 8,161.0000 | 1,509,376.95 | .47 |
AMERICOLD REALTY TRUST INC | COLD | 03064D108 | REIT - Real Estate Invesment Trust | 11,809.0000 | 258,026.65 | .08 |
ANTERO RESOURCES CORP | AR | 03674X106 | COMMON STOCK | 30,298.0000 | 1,130,721.36 | .35 |
APPLE HOSPITALITY REIT INC | APLE | 03784Y200 | REIT - Real Estate Invesment Trust | 1,101.0000 | 16,999.44 | .01 |
ARCOSA INC | ACA | 039653100 | COMMON STOCK | 7,761.0000 | 786,189.30 | .25 |
AVALONBAY COMMUNITIES INC | AVB | 053484101 | REIT - Real Estate Invesment Trust | 11,994.0000 | 2,656,790.94 | .83 |
BXP INC | BXP | 101121101 | REIT - Real Estate Invesment Trust | 985.0000 | 72,042.90 | .02 |
CBRE GROUP INC - A | CBRE | 12504L109 | COMMON STOCK | 1,106.0000 | 160,082.44 | .05 |
CF INDUSTRIES HOLDINGS INC | CF | 125269100 | COMMON STOCK | 29,912.0000 | 2,758,185.52 | .86 |
CMS ENERGY CORP | CMS | 125896100 | COMMON STOCK | 35,354.0000 | 2,333,364.00 | .73 |
CSX CORP | CSX | 126408103 | COMMON STOCK | 6,877.0000 | 226,046.99 | .07 |
CAMDEN PROPERTY TRUST | CPT | 133131102 | REIT - Real Estate Invesment Trust | 408.0000 | 46,393.68 | .01 |
CARETRUST REIT INC | CTRE | 14174T107 | REIT - Real Estate Invesment Trust | 19,765.0000 | 523,772.50 | .16 |
CASELLA WASTE SYSTEMS INC-A | CWST | 147448104 | COMMON STOCK | 2,064.0000 | 221,962.56 | .07 |
CENTERPOINT ENERGY INC | CNP | 15189T107 | COMMON STOCK | 32,182.0000 | 1,048,167.74 | .33 |
CHENIERE ENERGY INC | LNG | 16411R208 | COMMON STOCK | 15,005.0000 | 3,355,868.25 | 1.05 |
EXPAND ENERGY CORP | EXE | 165167735 | COMMON STOCK | 20,312.0000 | 2,063,699.20 | .64 |
CLEVELAND-CLIFFS INC | CLF | 185899101 | COMMON STOCK | 85,944.0000 | 880,066.56 | .27 |
CONOCOPHILLIPS | COP | 20825C104 | COMMON STOCK | 8,633.0000 | 853,199.39 | .27 |
CONSTELLATION ENERGY | CEG | 21037T109 | COMMON STOCK | 2,322.0000 | 696,553.56 | .22 |
COPT DEFENSE PROPERTIES | CDP | 22002T108 | REIT - Real Estate Invesment Trust | 8,943.0000 | 263,281.92 | .08 |
CORTEVA INC | CTVA | 22052L104 | COMMON STOCK | 16,661.0000 | 1,087,463.47 | .34 |
COUSINS PROPERTIES INC | 222795502 | REIT - Real Estate Invesment Trust | 7,230.0000 | 220,731.90 | .07 | |
CROWN CASTLE INC | CCI | 22822V101 | REIT - Real Estate Invesment Trust | 14,276.0000 | 1,274,561.28 | .40 |
CROWN HOLDINGS INC | CCK | 228368106 | COMMON STOCK | 9,363.0000 | 822,633.18 | .26 |
CUBESMART | CUBE | 229663109 | REIT - Real Estate Invesment Trust | 9,296.0000 | 387,643.20 | .12 |
CURBLINE PROPERTIES CORP | CURB WI | 23128Q101 | REIT - Real Estate Invesment Trust | 7,900.0000 | 193,313.00 | .06 |
DTE ENERGY COMPANY | DTE | 233331107 | COMMON STOCK | 1,291.0000 | 154,765.08 | .05 |
DT MIDSTREAM INC | DTM | 23345M107 | COMMON STOCK | 1,276.0000 | 128,978.08 | .04 |
DARLING INGREDIENTS INC | DAR | 237266101 | COMMON STOCK | 48,333.0000 | 1,810,554.18 | .57 |
DEERE AND CO | DE | 244199105 | COMMON STOCK | 448.0000 | 213,498.88 | .07 |
DIAMONDBACK ENERGY INC | FANG | 25278X109 | COMMON STOCK | 15,293.0000 | 2,513,557.48 | .78 |
DIGITAL REALTY TRUST INC | DLR | 253868103 | REIT - Real Estate Invesment Trust | 19,903.0000 | 3,261,305.58 | 1.02 |
DIGITALBRIDGE GROUP INC | 25401T603 | COMMON STOCK | 29,275.0000 | 321,146.75 | .10 | |
EQT CORP | EQT | 26884L109 | COMMON STOCK | 19,623.0000 | 1,003,127.76 | .31 |
EASTGROUP PROPERTIES INC | EGP | 277276101 | REIT - Real Estate Invesment Trust | 4,269.0000 | 724,107.78 | .23 |
EMPIRE STATE REALTY TRUST-A | ESRT | 292104106 | REIT - Real Estate Invesment Trust | 31,922.0000 | 305,174.32 | .10 |
ENERGY TRANSFER LP | ET | 29273V100 | POOLED INVESTMENTS | 52,829.0000 | 1,081,937.92 | .34 |
ENTERGY CORP | ETR | 29364G103 | COMMON STOCK | 13,289.0000 | 1,077,472.12 | .34 |
ENTERPRISE PRODUCTS PARTNERS | EPD | 293792107 | POOLED INVESTMENTS | 8,674.0000 | 283,206.10 | .09 |
EQUINIX INC | EQIX | 29444U700 | REIT - Real Estate Invesment Trust | 7,461.0000 | 6,816,817.26 | 2.13 |
EQUITY LIFESTYLE PROPERTIES | ELS | 29472R108 | REIT - Real Estate Invesment Trust | 11,821.0000 | 773,684.45 | .24 |
EQUITY RESIDENTIAL | EQR | 29476L107 | REIT - Real Estate Invesment Trust | 25,264.0000 | 1,784,396.32 | .56 |
ESSENTIAL PROPERTIES REALTY | EPRT | 29670E107 | REIT - Real Estate Invesment Trust | 15,426.0000 | 495,174.60 | .15 |
ESSENTIAL UTILITIES INC | WTRG | 29670G102 | COMMON STOCK | 54,630.0000 | 1,938,272.40 | .61 |
ESSEX PROPERTY TRUST INC | ESS | 297178105 | REIT - Real Estate Invesment Trust | 3,979.0000 | 1,132,304.03 | .35 |
EVERSOURCE ENERGY | 30040W108 | COMMON STOCK | 18,968.0000 | 1,094,074.24 | .34 | |
EXELON CORP | EXC | 30161N101 | COMMON STOCK | 61,771.0000 | 2,470,840.00 | .77 |
EXTRA SPACE STORAGE INC | EXR | 30225T102 | REIT - Real Estate Invesment Trust | 6,400.0000 | 985,600.00 | .31 |
FMC CORP | FMC | 302491303 | COMMON STOCK | 20,892.0000 | 1,165,355.76 | .36 |
FEDERAL REALTY INVS TRUST | 313745101 | REIT - Real Estate Invesment Trust | 6,868.0000 | 746,070.84 | .23 | |
FIRST INDUSTRIAL REALTY TR | FR | 32054K103 | REIT - Real Estate Invesment Trust | 15,138.0000 | 808,217.82 | .25 |
FIRST SOLAR INC | FSLR | 336433107 | COMMON STOCK | 2,642.0000 | 442,587.84 | .14 |
FLUOR CORP | FLR | 343412102 | COMMON STOCK | 3,973.0000 | 191,538.33 | .06 |
FREEPORT-MCMORAN INC | FCX | 35671D857 | COMMON STOCK | 45,238.0000 | 1,621,782.30 | .51 |
GAMING AND LEISURE PROPERTIE | GLPI | 36467J108 | REIT - Real Estate Invesment Trust | 15,362.0000 | 743,367.18 | .23 |
AMERICAN HEALTHCARE REIT INC | 398182303 | REIT - Real Estate Invesment Trust | 40,038.0000 | 1,132,675.02 | .35 | |
HEALTHCARE REALTY TRUST INC | 42226K105 | REIT - Real Estate Invesment Trust | 9,100.0000 | 152,425.00 | .05 | |
HEALTHPEAK PROPERTIES INC | PEAK | 42250P103 | REIT - Real Estate Invesment Trust | 48,354.0000 | 998,993.64 | .31 |
HOST HOTELS & RESORTS INC | HST | 44107P104 | REIT - Real Estate Invesment Trust | 17,616.0000 | 294,363.36 | .09 |
HYATT HOTELS CORP - CL A | H | 448579102 | COMMON STOCK | 1,492.0000 | 236,079.16 | .07 |
CRESCENT ENERGY INC-A | CRGY | 44952J104 | COMMON STOCK | 110,896.0000 | 1,670,093.76 | .52 |
INTERNATIONAL PAPER CO | IP | 460146103 | COMMON STOCK | 55,847.0000 | 3,106,768.61 | .97 |
INVENTRUST PROPERTIES CORP | IVT | 46124J201 | REIT - Real Estate Invesment Trust | 11,435.0000 | 340,076.90 | .11 |
INVITATION HOMES INC | INVH | 46187W107 | REIT - Real Estate Invesment Trust | 68,810.0000 | 2,143,431.50 | .67 |
IRON MOUNTAIN INC | IRM | 46284V101 | REIT - Real Estate Invesment Trust | 5,770.0000 | 586,058.90 | .18 |
KILROY REALTY CORP | KRC | 49427F108 | REIT - Real Estate Invesment Trust | 14,292.0000 | 557,673.84 | .17 |
KIMBELL ROYALTY PARTNERS LP | KRP | 49435R102 | OTHER EQUITY | 79,380.0000 | 1,221,658.20 | .38 |
KIMCO REALTY CORP | KIM | 49446R109 | REIT - Real Estate Invesment Trust | 39,585.0000 | 888,683.25 | .28 |
KINDER MORGAN INC | KMI | 49456B101 | COMMON STOCK | 77,127.0000 | 2,119,449.96 | .66 |
KITE REALTY GROUP TRUST | 49803T300 | REIT - Real Estate Invesment Trust | 21,442.0000 | 496,382.30 | .15 | |
LAMAR ADVERTISING CO-A | 512816109 | REIT - Real Estate Invesment Trust | 1,881.0000 | 237,796.02 | .07 | |
LEXINGTON REALTY TRUST REIT | LXP | 529043101 | REIT - Real Estate Invesment Trust | 28,461.0000 | 236,795.52 | .07 |
LINEAGE INC | 53566V106 | REIT - Real Estate Invesment Trust | 11,739.0000 | 704,340.00 | .22 | |
LOUISIANA-PACIFIC CORP | LPX | 546347105 | COMMON STOCK | 5,523.0000 | 646,025.31 | .20 |
MP MATERIALS CORP | MP | 553368101 | COMMON STOCK | 55,058.0000 | 1,209,073.68 | .38 |
MPLX LP | MPLX | 55336V100 | POOLED INVESTMENTS | 3,478.0000 | 180,890.78 | .06 |
MACERICH CO/THE | MAC | 554382101 | REIT - Real Estate Invesment Trust | 4,355.0000 | 90,496.90 | .03 |
VERIS RESIDENTIAL INC | VRE | 554489104 | REIT - Real Estate Invesment Trust | 11,934.0000 | 190,227.96 | .06 |
MARATHON PETROLEUM CORP | MPC | 56585A102 | COMMON STOCK | 8,015.0000 | 1,167,865.65 | .36 |
MID-AMERICA APARTMENT COMM | MAA | 59522J103 | REIT - Real Estate Invesment Trust | 1,419.0000 | 216,511.02 | .07 |
NRG ENERGY INC | NRG | 629377508 | COMMON STOCK | 3,426.0000 | 350,959.44 | .11 |
NNN REIT INC | NNN | 637417106 | REIT - Real Estate Invesment Trust | 5,617.0000 | 221,253.63 | .07 |
NETSTREIT CORP | NTST | 64119V303 | REIT - Real Estate Invesment Trust | 29,033.0000 | 420,397.84 | .13 |
NEWMONT CORP | NEM | 651639106 | COMMON STOCK | 21,583.0000 | 922,025.76 | .29 |
NEXTERA ENERGY INC | NEE | 65339F101 | COMMON STOCK | 50,713.0000 | 3,629,022.28 | 1.13 |
NISOURCE INC | NI | 65473P105 | COMMON STOCK | 24,022.0000 | 896,020.60 | .28 |
NORFOLK SOUTHERN CORP | NSC | 655844108 | COMMON STOCK | 1,611.0000 | 411,288.30 | .13 |
NUCOR CORP | NUE | 670346105 | COMMON STOCK | 4,041.0000 | 518,985.63 | .16 |
CHORD ENERGY CORP | CHRD | 674215207 | COMMON STOCK | 8,401.0000 | 944,692.45 | .29 |
OCCIDENTAL PETROLEUM CORP | OXY | 674599105 | COMMON STOCK | 16,637.0000 | 776,116.05 | .24 |
OMEGA HEALTHCARE INVESTORS | OHI | 681936100 | REIT - Real Estate Invesment Trust | 4,340.0000 | 160,840.40 | .05 |
ONEOK INC | OKE | 682680103 | COMMON STOCK | 29,426.0000 | 2,859,324.42 | .89 |
PBF ENERGY INC-CLASS A | PBF | 69318G106 | COMMON STOCK | 15,507.0000 | 453,734.82 | .14 |
P G & E CORP | PCG | 69331C108 | COMMON STOCK | 131,833.0000 | 2,063,186.45 | .64 |
PEBBLEBROOK HOTEL TRUST | PEB | 70509V100 | REIT - Real Estate Invesment Trust | 5,063.0000 | 66,477.19 | .02 |
PERMIAN RESOURCES CORP | PR | 71424F105 | COMMON STOCK | 195,925.0000 | 2,870,301.25 | .90 |
PHILLIPS 66 | PSX | 718546104 | COMMON STOCK | 14,501.0000 | 1,709,232.87 | .53 |
PIMCO COMMODITY ACTIVE STRAT | CMDT | 72201R593 | POOLED INVESTMENTS | 594,048.0000 | 15,492,771.84 | 4.84 |
PINNACLE WEST CAPITAL | PNW | 723484101 | COMMON STOCK | 6,124.0000 | 532,543.04 | .17 |
PLAINS ALL AMER PIPELINE LP | PAA | 726503105 | POOLED INVESTMENTS | 3,331.0000 | 65,953.80 | .02 |
PROLOGIS INC | PLD | 74340W103 | REIT - Real Estate Invesment Trust | 41,189.0000 | 4,911,788.25 | 1.53 |
PUBLIC SERVICE ENTERPRISE GP | PEG | 744573106 | COMMON STOCK | 6,529.0000 | 545,432.66 | .17 |
PUBLIC STORAGE REIT | PSA | 74460D109 | REIT - Real Estate Invesment Trust | 8,506.0000 | 2,538,870.88 | .79 |
REALTY INCOME CORP | O | 756109104 | REIT - Real Estate Invesment Trust | 13,480.0000 | 736,547.20 | .23 |
REGENCY CENTERS CORP | REG | 758849103 | REIT - Real Estate Invesment Trust | 9,466.0000 | 680,037.44 | .21 |
REPUBLIC SERVICES INC | RSG | 760759100 | COMMON STOCK | 5,917.0000 | 1,283,219.79 | .40 |
REXFORD INDUSTRIAL REALTY IN | REXR | 76169C100 | REIT - Real Estate Invesment Trust | 2,047.0000 | 83,231.02 | .03 |
RYMAN HOSPITALITY PROPERTIES | RHP | 78377T107 | REIT - Real Estate Invesment Trust | 7,049.0000 | 739,017.16 | .23 |
SBA COMMUNICATIONS CORP | SBAC | 78410G104 | REIT - Real Estate Invesment Trust | 2,083.0000 | 411,517.48 | .13 |
SL GREEN REALTY CORP | SLG | 78440X887 | REIT - Real Estate Invesment Trust | 2,490.0000 | 167,801.10 | .05 |
SEMPRA | SRE | 816851109 | COMMON STOCK | 39,334.0000 | 3,261,968.62 | 1.02 |
SIMON PROPERTY GROUP INC | SPG | 828806109 | REIT - Real Estate Invesment Trust | 10,258.0000 | 1,783,455.88 | .56 |
SITE CENTERS CORP | SITC | 82981J851 | REIT - Real Estate Invesment Trust | 11,129.0000 | 166,712.42 | .05 |
SOUTHERN CO/THE | SO | 842587107 | COMMON STOCK | 7,718.0000 | 647,926.10 | .20 |
STAG INDUSTRIAL INC | STAG | 85254J102 | REIT - Real Estate Invesment Trust | 17,024.0000 | 581,880.32 | .18 |
STEEL DYNAMICS INC | STLD | 858119100 | COMMON STOCK | 6,244.0000 | 800,480.80 | .25 |
SUN COMMUNITIES INC | SUI | 866674104 | REIT - Real Estate Invesment Trust | 6,048.0000 | 765,072.00 | .24 |
SUNNOVA ENERGY INTERNATIONAL | NOVA | 86745K104 | COMMON STOCK | 69,737.0000 | 179,224.09 | .06 |
SUNRUN INC | RUN | 86771W105 | COMMON STOCK | 33,726.0000 | 305,220.30 | .10 |
SUNSTONE HOTEL INVESTORS INC | SHO | 867892101 | REIT - Real Estate Invesment Trust | 33,264.0000 | 376,881.12 | .12 |
SYLVAMO CORP | SLVM | 871332102 | COMMON STOCK | 7,743.0000 | 620,214.30 | .19 |
TANGER INC | SKT | 875465106 | REIT - Real Estate Invesment Trust | 16,908.0000 | 554,920.56 | .17 |
TARGA RESOURCES CORP | TRGP | 87612G101 | COMMON STOCK | 3,802.0000 | 748,233.60 | .23 |
METALLUS INC | MTUS | 887399103 | COMMON STOCK | 40,688.0000 | 607,878.72 | .19 |
UNION PACIFIC CORP | UNP | 907818108 | COMMON STOCK | 2,362.0000 | 585,279.98 | .18 |
UNIT CORP | UNTC | 909218406 | COMMON STOCK | 23,460.0000 | 681,806.25 | .21 |
URBAN EDGE PROPERTIES | UE | 91704F104 | REIT - Real Estate Invesment Trust | 17,439.0000 | 354,709.26 | .11 |
VALERO ENERGY CORP | VLO | 91913Y100 | COMMON STOCK | 10,854.0000 | 1,443,582.00 | .45 |
VENTAS INC | VTR | 92276F100 | REIT - Real Estate Invesment Trust | 34,730.0000 | 2,098,386.60 | .66 |
VENTURE GLOBAL INC-CL A | VG | 92333F101 | COMMON STOCK | 19,562.0000 | 400,042.90 | .12 |
VICI PROPERTIES INC | VICI | 925652109 | REIT - Real Estate Invesment Trust | 66,646.0000 | 1,984,051.42 | .62 |
VISTRA CORP | VST | 92840M102 | COMMON STOCK | 3,857.0000 | 648,091.71 | .20 |
WASTE MANAGEMENT INC | WM | 94106L109 | COMMON STOCK | 901.0000 | 198,454.26 | .06 |
WELLTOWER INC | WELL | 95040Q104 | REIT - Real Estate Invesment Trust | 41,269.0000 | 5,632,393.12 | 1.76 |
WEYERHAEUSER CO | WY | 962166104 | REIT - Real Estate Invesment Trust | 10,377.0000 | 317,743.74 | .10 |
WILLIAMS COS INC | WMB | 969457100 | COMMON STOCK | 27,952.0000 | 1,549,379.36 | .48 |
SPDR GOLD MINISHARES TRUST | GLDM1USD | 98149E303 | POOLED INVESTMENTS | 288,543.0000 | 16,008,365.64 | 5.00 |
SPRUCE POWER HOLDING CORP | 9837FR209 | COMMON STOCK | 56,451.0000 | 148,466.13 | .05 | |
XCEL ENERGY INC | XEL | 98389B100 | COMMON STOCK | 47,552.0000 | 3,195,494.40 | 1.00 |
HKD/USD FWD 20250203 000000010 USD | HKD | 1296299814 | FORWARD | -47,611.4300 | -6,110.37 | -.00 |
USD/HKD FWD 20250203 000000010 USD | USD | 1296299814 | FORWARD | 6,111.3800 | 6,111.38 | .00 |
As of 01/31/2025.
Distributions
Fund Name | Fund Cusip | Distribution Type | Amount per Share | Ex Date | Reinvest Date | Reinvest Price |
---|---|---|---|---|---|---|
Destinations Real Assets Fund | 10964R509 | Dividend | 0.005377 | 12/30/24 | 12/30/24 | 2.13 |
Destinations Real Assets Fund | 10964R509 | Dividend | 0.893379 | 12/16/19 | 12/16/19 | $3.25 |
Destinations Real Assets Fund | 10964R509 | Dividend | 0.003014 | 12/17/18 | 12/17/18 | $6.04 |
Destinations Real Assets Fund | 10964R509 | Short-Term Capital Gains | 0.007282 | 12/17/18 | 12/17/18 | $6.04 |
Destinations Real Assets Fund | 10964R509 | Dividend | 0.037532 | 12/15/17 | 12/15/17 | $9.43 |
Destinations Real Assets Fund | 10964R509 | Short-Term Capital Gains | 0.242089 | 12/15/17 | 12/15/17 | $9.43 |
Fees and expenses
Type | Amount |
---|---|
Management Fees | 1.00% |
Distribution and Service (12b-1) Fees | None |
Other Expenses | 0.30% |
AFFE | 0.04% |
Total Annual Fund Operating Expenses | 1.34% |
Fee waivers and expense reimbursements | (0.24%) |
Total Annual Fund Operating Expenses Less Fee Waivers and Expense Reimbursements | 1.10%* |
* Other Expenses are based on estimated amounts for the current fiscal year.
** AFFE are indirect fees and expenses that the Fund incurs from investing in shares of other investment companies, and are estimated for the current fiscal year.
*** The Fund’s adviser, Orion Portfolio Solutions, LLC d.b.a. Brinker Capital Investments (“the Adviser”), has contractually agreed to waive a portion of its management fee as necessary to keep the Fund’s management fee from exceeding 0.444% more than the total amount of sub-advisory fees paid by the Adviser. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2026 and may be amended or terminated only with the consent of the Board of Trustees.
The Fund’s adviser, Orion Portfolio Solutions, LLC d.b.a. Brinker Capital Investments (“the Adviser”), has contractually agreed to waive a portion of its management fee as necessary to keep the Fund’s management fee from exceeding 0.444% more than the total amount of sub-advisory fees paid by the Adviser. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2025 and may be amended or terminated only with the consent of the Board of Trustees.
**Annual expenses have been restated based on estimated current expenses as of April 30, 2024 using the Fund’s assets as of April 30, 2024. Consequently, the Fund’s Total Annual Fund Operating Expenses will differ from the numbers shown in the Fund's financial statements (or the “Financial Highlights” section in the prospectus).
Overview
The Destinations Real Assets Fund seeks to provide long-term capital appreciation and invests globally across areas of real assets including infrastructure, real estate, and natural resources.
Employing a multi-manager approach, the Fund currently allocates assets among the following sub-advisers:
- Delaware Investments Fund Advisers is the sub-adviser of the Macquarie Diversified Real Assets strategy which dynamically allocates among dedicated infrastructure, real estate, and natural resources strategies that focus on fundamental research to identify attractive investment opportunities.
- Newton Investment Management North America, LLC is the sub-adviser of Newton Global Natural Resources Equity which employs a top-down assessment of commodity cycles and bottom-up fundamental research to construct a conviction-weighted portfolio of companies operating in the natural resources industry.
- Nuveen Asset Management, LLC is the sub-adviser of the Nuveen Global Real Assets strategy which invests in global real estate and global infrastructure utilizing its emphasis on bottom-up research and valuations while leveraging insights from the firm’s private markets expertise.
Z Share Fund performance as of 12/31/2024 | ||||||||||||||
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MTD | QTD | YTD | 1 Year | 3 Years | 5 Years | Since Inception | ||||||||
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FTSE All World Developed Index |
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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. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 1-877-771-7979.
The Fund’s adviser, Orion Portfolio Solutions, LLC d.b.a. Brinker Capital Investments (“the Adviser”), has contractually agreed to waive a portion of its management fee as necessary to keep the Fund’s management fee from exceeding 0.444% more than the total amount of sub-advisory fees paid by the Adviser. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2025 and may be amended or terminated only with the consent of the Board of Trustees.
**Annual expenses have been restated based on estimated current expenses as of April 30, 2024 using the Fund’s assets as of April 30, 2024. Consequently, the Fund’s Total Annual Fund Operating Expenses will differ from the numbers shown in the Fund's financial statements (or the “Financial Highlights” section in the prospectus).
FTSE All World Developed Index is a market-capitalization weighted index representing the performance of large and mid cap companies in developed markets.
An investment in the Destinations Real Assets Fund is subject to risk, including the possible loss of principal amount invested.
Concentration is the risk that issuers in a single country, a small number of countries, or a particular geographic region or issuers in an industry or sector can react similarly to market, economic, political, regulatory, geopolitical, and other conditions.
Derivatives, such as futures, involve risks different from, or possibly greater than, risks associated with investing directly in securities and other traditional investments. Specific risk issues include tax issues, increased potential for losses and/or costs to the Fund, and a potential reduction in gains to the Fund.
Foreign securities subject the Fund to the risks associated with investing in the particular country of an issuer, including the political, regulatory, economic, social, diplomatic and other conditions or events, as well as risks associated with less developed custody and settlement practices. Foreign securities may be more volatile and less liquid than securities of U.S. companies. Risks of foreign investment tend to be greater in emerging markets, which tend to be more likely to experience political turmoil or rapid change to market or economic conditions.
Liquidity risk refers to the possibility that securities cannot be readily sold within seven days at approximately the price at which the Fund has valued them.
Mid-capitalization companies may be newer or less established than large-capitalization companies, and may have limited resources, products and markets, can be more volatile and may be less liquid. Stocks of smaller companies may be subject to more abrupt or erratic market movements than stocks of larger, more established companies and typically are traded in lower volume, are less liquid.
Investment in companies in natural resources industries can be significantly affected by (often rapid) changes in supply of, or demand for, various natural resources.
As a non-diversified fund, the Fund may invest a larger portion of its assets in a smaller number of issuers, which could make it more susceptible to economic or credit risks than a diversified fund.
Real estate investment trusts (REITs) are trusts that invest primarily in commercial real estate or real estate-related loans. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.
With securities lending risk, the Fund may lose money from securities lending if, for example, it is delayed in or prevented from selling the collateral after the loan is made or recovering the securities loaned or if it incurs losses on the reinvestment of cash collateral.
- Ticker: DRAZX
- CUSIP: 10964R764
- Benchmark: FTSE All World Developed Index
- Inception date: 7/16/2018
- Gross expense ratio: 1.19%
- Net expense ratio: 0.95%*
Daily NAV | Date: | 02/13/2025 |
NAV: $1.98 NAV change: $0.02 Total assets ($m): $23.8
Management team
- Brian Storey CFA, Deputy CIO of Destinations Portfolios, Brinker Capital Investments
Brian Storey is a senior portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he has portfolio management responsibilities for Brinker Capital’s Destinations program. Brian is involved in all aspects of the investment process for these multi-asset class portfolio solutions, including asset allocation, portfolio construction, manager research, and due diligence.
Prior to joining Brinker Capital, Brian was a Senior Portfolio Manager at First Citizens Bank where he oversaw portfolio construction for the globally-diversified investment strategies utilized by the firm’s private wealth and institutional clients. Previously, he served in various leadership and operational roles during his five years as an officer in the U.S. Coast Guard.
Brian graduated from the United States Coast Guard Academy with a Bachelor of Science in management and earned his Master of Business Administration from Duke University’s Fuqua School of Business where he graduated as a Fuqua scholar. Brian is a CFA® charterholder and holds the FINRA Series 65 license. He is a member of the CFA® Institute and the CFA® Society North Carolina.
- Andrew Goins Andrew Goins, CFA, Senior Portfolio Manager
Andrew Goins is a senior portfolio manager at Brinker Capital Investments, a brand entity of Orion Advisor Solutions. In this role, he has portfolio management responsibilities for Brinker Capital’s Destinations program. Andrew is involved in all aspects of the investment process for these multi-asset class portfolio solutions, including asset allocation, portfolio construction, manager research, and due diligence. Andrew first joined Brinker Capital in 2010. He held several roles focusing on manager research and due diligence as well as managing multi-asset class portfolios before moving into a senior portfolio manager role in 2023.
Prior to joining Brinker Capital, Andrew was an investment management analyst at Budros, Ruhlin & Roe, an independent RIA in Columbus, OH. Andrew graduated from The Ohio State University with a Bachelor of Science in Business Administration. Andrew is a CFA® charterholder and holds the FINRA Series 7 license. He is a member of the CFA® Institute and the CFA® Society North Carolina.
Performance
Z Share Fund performance as of 12/31/2024 | ||||||||||||||||||||
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Annualized | ||||||||||||||||||||
MTD | QTD | YTD | 1 Year | 3 Years | 5 Years | Since Inception | Inception Date | Gross expense ratio | Net expense ratio* | |||||||||||
Destinations Real Assets Fund |
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FTSE All World Developed Index |
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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. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling 1-877-771-7979.
The Fund’s adviser, Orion Portfolio Solutions, LLC d.b.a. Brinker Capital Investments (“the Adviser”), has contractually agreed to waive a portion of its management fee as necessary to keep the Fund’s management fee from exceeding 0.444% more than the total amount of sub-advisory fees paid by the Adviser. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2025 and may be amended or terminated only with the consent of the Board of Trustees.
**Annual expenses have been restated based on estimated current expenses as of April 30, 2024 using the Fund’s assets as of April 30, 2024. Consequently, the Fund’s Total Annual Fund Operating Expenses will differ from the numbers shown in the Fund's financial statements (or the “Financial Highlights” section in the prospectus).
FTSE All World Developed Index is a market-capitalization weighted index representing the performance of large and mid cap companies in developed markets.
Holdings
Security Description | Ticker Symbol | Security ID | Security Type Description | Quantity | Base Market Value | Percent TNA |
---|---|---|---|---|---|---|
AUSTRALIAN DOLLAR | CASHAUD | CURRENCY | 353.0500 | 219.37 | .00 | |
CANADIAN DOLLAR | CASHCAD | CURRENCY | 170,026.9700 | 116,949.46 | .04 | |
EURO | CASHEUR | CURRENCY | 2.2000 | 2.29 | .00 | |
HONG KONG DOLLAR | CASHHKD | CURRENCY | 62.0700 | 7.96 | .00 | |
YEN JAPAN | CASHJPY | CURRENCY | 8.0000 | .06 | .00 | |
SINGAPORE DOLLAR | CASHSGD | CURRENCY | 1.7000 | 1.25 | .00 | |
SWEDISH KRONA | CASHSEK | CURRENCY | 52.2800 | 4.71 | .00 | |
BRITISH POUNDS | CASHGBP | CURRENCY | 2,859.4700 | 3,545.46 | .00 | |
US DOLLARS | CASHUSD | CURRENCY | 5,512,429.2300 | 5,512,429.23 | 1.72 | |
LIFESTYLE COMMUNITIES LT /AUD/ | 6137195 | COMMON STOCK | 12,637.0000 | 76,929.02 | .02 | |
MIRVAC GROUP /AUD/ | MGR | 6161978 | REIT - Real Estate Invesment Trust | 103,448.0000 | 125,835.57 | .04 |
TRANSURBAN GROUP /AUD/ | 6200882 | COMMON STOCK | 282,420.0000 | 2,341,149.69 | .73 | |
CHARTER HALL RETAIL REIT /AUD/ | 6225595 | REIT - Real Estate Invesment Trust | 67,240.0000 | 136,819.91 | .04 | |
LEND LEASE GROUP /AUD/ | 6512004 | OTHER EQUITY | 49,524.0000 | 198,908.60 | .06 | |
STOCKLAND /AUD/ | 6850856 | REIT - Real Estate Invesment Trust | 210,855.0000 | 672,151.68 | .21 | |
DEXUS/AU /AUD/ | B033YN6 | REIT - Real Estate Invesment Trust | 15,632.0000 | 70,227.06 | .02 | |
GOODMAN GROUP /AUD/ | B03FYZ4 | REIT - Real Estate Invesment Trust | 89,729.0000 | 2,035,220.86 | .64 | |
CHARTER HALL GROUP /AUD/ | CHC | B15F6S6 | REIT - Real Estate Invesment Trust | 46,513.0000 | 450,686.36 | .14 |
QUBE HOLDINGS /AUD/ | B1L4BC6 | COMMON STOCK | 48,792.0000 | 126,176.97 | .04 | |
NEXTDC LTD /AUD/ | B5LMKP4 | COMMON STOCK | 114,293.0000 | 1,047,983.08 | .33 | |
INGENIA COMMUNITIES GROU /AUD/ | B84GSC7 | REIT - Real Estate Invesment Trust | 60,827.0000 | 216,175.58 | .07 | |
SCENTRE GROUP /AUD/ | BLZH0Z7 | REIT - Real Estate Invesment Trust | 200,157.0000 | 455,303.26 | .14 | |
DIGICO INFRASTRUCTURE RE /AUD/ | BTCHK67 | REIT - Real Estate Invesment Trust | 65,547.0000 | 184,496.16 | .06 | |
VICINITY CENTRES /AUD/ | BY7QXS7 | REIT - Real Estate Invesment Trust | 223,719.0000 | 305,883.19 | .10 | |
CLEANAWAY WASTE MANAGEME /AUD/ | BYQ8KW7 | COMMON STOCK | 140,055.0000 | 241,897.36 | .08 | |
ATLAS ARTERIA /AUD/ | BZ03TZ1 | OTHER EQUITY | 399,692.0000 | 1,255,201.62 | .39 | |
ELIA GROUP SA/NV /EUR/ | ELI | B09M9F4 | COMMON STOCK | 1,352.0000 | 91,376.04 | .03 |
MONTEA NV /EUR/ | B1FWD64 | REIT - Real Estate Invesment Trust | 6,431.0000 | 445,822.91 | .14 | |
VGP /EUR/ | B29L881 | COMMON STOCK | 3,639.0000 | 311,194.79 | .10 | |
TITAN CEMENT INTERNATION /EUR/ | BJ8PD99 | COMMON STOCK | 11,795.0000 | 558,640.94 | .17 | |
WAREHOUSES DE PAUW SCA /EUR/ | BK8VQD9 | REIT - Real Estate Invesment Trust | 12,770.0000 | 274,816.78 | .09 | |
CHINA GAS HOLDINGS LTD /HKD/ | 6460794 | COMMON STOCK | 662,400.0000 | 548,127.90 | .17 | |
HONGKONG LAND HOLDINGS LTD | 6434915 | COMMON STOCK | 126,128.0000 | 549,595.82 | .17 | |
ALTAGAS LTD /CAD/ | 021361100 | COMMON STOCK | 3,940.0000 | 90,894.93 | .03 | |
CT REAL ESTATE INVESTMEN /CAD/ | 126462100 | REIT - Real Estate Invesment Trust | 11,704.0000 | 115,039.49 | .04 | |
CANADIAN NATURAL RESOURC /CAD/ | CNQ | 2171573 | COMMON STOCK | 56,374.0000 | 1,711,945.59 | .53 |
ENBRIDGE INC /CAD/ | ENB | 2466149 | COMMON STOCK | 95,409.0000 | 4,124,535.30 | 1.29 |
ERO COPPER CORP /CAD/ | 296006109 | COMMON STOCK | 67,820.0000 | 907,780.86 | .28 | |
GIBSON ENERGY INC /CAD/ | 374825206 | COMMON STOCK | 63,485.0000 | 1,070,710.32 | .33 | |
INTERRENT REAL ESTATE IN /CAD/ | 46071W205 | REIT - Real Estate Invesment Trust | 28,830.0000 | 193,740.14 | .06 | |
NEXUS INDUSTRIAL REIT /CAD/ | 65344U101 | REIT - Real Estate Invesment Trust | 53,657.0000 | 272,372.43 | .09 | |
PAREX RESOURCES INC /CAD/ | 69946Q104 | COMMON STOCK | 44,747.0000 | 426,279.16 | .13 | |
PRIMARIS REIT /CAD/ | 74167K109 | REIT - Real Estate Invesment Trust | 15,251.0000 | 156,616.87 | .05 | |
RIOCAN REAL ESTATE INVST /CAD/ | 766910103 | REIT - Real Estate Invesment Trust | 15,322.0000 | 194,759.13 | .06 | |
SSR MINING INC /CAD/ | 784730103 | COMMON STOCK | 64,815.0000 | 518,930.15 | .16 | |
SPROTT PHYSICAL URANIUM /CAD/ | 85210A104 | POOLED INVESTMENTS | 55,362.0000 | 892,585.40 | .28 | |
TC ENERGY CORP /CAD/ | 87807B107 | COMMON STOCK | 8,650.0000 | 389,647.14 | .12 | |
TOURMALINE OIL CORP /CAD/ | 89156V106 | COMMON STOCK | 19,455.0000 | 886,003.06 | .28 | |
WEST FRASER TIMBER CO LT /CAD/ | 952845105 | COMMON STOCK | 8,539.0000 | 740,103.44 | .23 | |
BOARDWALK REAL ESTATE IN /CAD/ | BOWF | B011205 | REIT - Real Estate Invesment Trust | 1,971.0000 | 84,935.28 | .03 |
CANFOR CORP /CAD/ | B18P4F6 | COMMON STOCK | 37,817.0000 | 392,515.41 | .12 | |
KEYERA CORP /CAD/ | B3SGMV5 | COMMON STOCK | 5,075.0000 | 143,957.77 | .04 | |
PEMBINA PIPELINE CORP /CAD/ | B4PT2P8 | COMMON STOCK | 24,513.0000 | 884,514.89 | .28 | |
ARC RESOURCES LTD /CAD/ | B6463M8 | COMMON STOCK | 49,328.0000 | 844,498.35 | .26 | |
CHARTWELL RETIREMENT RES /CAD/ | B8S8C94 | OTHER EQUITY | 17,629.0000 | 194,618.05 | .06 | |
IVANHOE MINES LTD-CL A /CAD/ | BD73C40 | COMMON STOCK | 17,984.0000 | 193,094.36 | .06 | |
CAPSTONE COPPER CORP /CAD/ | BMY5XY9 | COMMON STOCK | 245,436.0000 | 1,374,178.24 | .43 | |
KILLAM APARTMENT REAL ES /CAD/ | BYZ1856 | REIT - Real Estate Invesment Trust | 16,401.0000 | 186,476.27 | .06 | |
CAMECO CORP | CCJ | 13321L108 | COMMON STOCK | 14,773.0000 | 730,377.12 | .23 |
CANADIAN PACIFIC KANSAS CITY | 13646K108 | COMMON STOCK | 2,522.0000 | 200,751.20 | .06 | |
ENBRIDGE INC | ENB | 29250N105 | COMMON STOCK | 41,451.0000 | 1,792,341.24 | .56 |
GFL ENVIRONMENTAL INC-SUB VT | GFL | 36168Q104 | COMMON STOCK | 6,742.0000 | 290,782.46 | .09 |
HUDBAY MINERALS INC | HBM | 443628102 | COMMON STOCK | 171,549.0000 | 1,418,710.23 | .44 |
METHANEX CORP | MEOH | 59151K108 | COMMON STOCK | 37,449.0000 | 1,954,837.80 | .61 |
NUTRIEN LTD | NTR | 67077M108 | COMMON STOCK | 26,922.0000 | 1,389,982.86 | .43 |
SUNCOR ENERGY INC NEW | SU | 867224107 | COMMON STOCK | 37,912.0000 | 1,423,974.72 | .44 |
TECK RESOURCES LTD CLS B | TECK | 878742204 | COMMON STOCK | 22,552.0000 | 921,925.76 | .29 |
WASTE CONNECTIONS INC | 94106B101 | COMMON STOCK | 6,135.0000 | 1,127,428.95 | .35 | |
WHEATON PRECIOUS METALS CORP | 962879102 | COMMON STOCK | 27,266.0000 | 1,703,307.02 | .53 | |
ENN ENERGY HOLDINGS LTD /HKD/ | 6333937 | COMMON STOCK | 25,100.0000 | 170,445.16 | .05 | |
CHINA TOWER CORP LTD-H /HKD/ | BFZ2PK0 | COMMON STOCK | 4,930,000.0000 | 709,159.10 | .22 | |
SCHLUMBERGER LTD | SLB | 806857108 | COMMON STOCK | 23,998.0000 | 966,639.44 | .30 |
FRONTLINE PLC | BMCVDT4 | COMMON STOCK | 11,213.0000 | 194,209.16 | .06 | |
ORSTED A/S /DKK/ | BYT16L4 | COMMON STOCK | 19,943.0000 | 766,125.73 | .24 | |
VEOLIA ENVIRONNEMENT /EUR/ | 4031879 | COMMON STOCK | 10,836.0000 | 308,808.34 | .10 | |
GECINA SA /EUR/ | 7742468 | REIT - Real Estate Invesment Trust | 3,487.0000 | 339,813.40 | .11 | |
ENGIE /EUR/ | B0C2CQ3 | COMMON STOCK | 20,308.0000 | 334,822.45 | .10 | |
ADP /EUR/ | B164FY1 | COMMON STOCK | 20,657.0000 | 2,353,280.60 | .73 | |
GETLINK SE /EUR/ | B292JQ9 | COMMON STOCK | 60,232.0000 | 964,923.15 | .30 | |
E.ON SE /EUR/ | 4942904 | COMMON STOCK | 42,112.0000 | 498,919.76 | .16 | |
TAG IMMOBILIEN AG /EUR/ | 5735631 | COMMON STOCK | 21,627.0000 | 322,291.35 | .10 | |
FRAPORT AG FRANKFURT AIR /EUR/ | FRA | 7107551 | COMMON STOCK | 26,224.0000 | 1,564,332.25 | .49 |
LEG IMMOBILIEN SE /EUR/ | B9G6L89 | COMMON STOCK | 7,340.0000 | 607,795.32 | .19 | |
VONOVIA SE /EUR/ | BBJPFY1 | COMMON STOCK | 8,999.0000 | 276,362.71 | .09 | |
INSTONE REAL ESTATE GROU /EUR/ | BFYXP82 | COMMON STOCK | 10,016.0000 | 86,325.86 | .03 | |
ATHENS INTERNATIONAL AIR /EUR/ | BPYS8N3 | COMMON STOCK | 76,786.0000 | 682,525.83 | .21 | |
SIRIUS REAL ESTATE LTD /GBP/ | B1W3VF5 | REIT - Real Estate Invesment Trust | 391,954.0000 | 387,988.54 | .12 | |
CLP HOLDINGS LTD /HKD/ | 6097017 | COMMON STOCK | 186,500.0000 | 1,550,144.11 | .48 | |
HYSAN DEVELOPMENT CO /HKD/ | 14 | 6449629 | COMMON STOCK | 32,000.0000 | 46,191.96 | .01 |
SINO LAND CO /HKD/ | 83 | 6810429 | COMMON STOCK | 310,000.0000 | 297,206.93 | .09 |
SUN HUNG KAI PROPERTIES /HKD/ | 16 | 6859927 | COMMON STOCK | 102,197.0000 | 916,153.86 | .29 |
LINK REIT /HKD/ | 823 | B0PB4M7 | REIT - Real Estate Invesment Trust | 171,542.0000 | 707,238.63 | .22 |
SWIRE PROPERTIES LTD /HKD/ | B67C2G0 | COMMON STOCK | 154,210.0000 | 304,181.37 | .09 | |
CRH PLC /GBP/ | 0182704 | COMMON STOCK | 16,588.0000 | 1,650,154.49 | .52 | |
WEATHERFORD INTERNATIONAL PL | WFRD | BLNN369 | COMMON STOCK | 11,244.0000 | 707,809.80 | .22 |
SMURFIT WESTROCK PLC | SW | BRK49M5 | COMMON STOCK | 24,482.0000 | 1,299,749.38 | .41 |
LIFEZONE METALS LTD | LZM | BLCY1J2 | COMMON STOCK | 37,745.0000 | 220,808.25 | .07 |
ENEL SPA /EUR/ | 7144569 | COMMON STOCK | 265,746.0000 | 1,887,483.26 | .59 | |
SNAM SPA /EUR/ | 7251470 | COMMON STOCK | 250,275.0000 | 1,156,039.69 | .36 | |
TERNA-RETE ELETTRICA NAZ /EUR/ | B01BN57 | COMMON STOCK | 220,037.0000 | 1,815,431.65 | .57 | |
ENAV SPA /EUR/ | BD0CRV6 | COMMON STOCK | 531,323.0000 | 1,898,709.49 | .59 | |
INFRASTRUTTURE WIRELESS /EUR/ | BZ0P4R4 | COMMON STOCK | 30,647.0000 | 318,548.03 | .10 | |
NIPPON BUILDING FUND INC /JPY/ | 8951 | 6396800 | REIT - Real Estate Invesment Trust | 596.0000 | 474,983.81 | .15 |
JAPAN AIRPORT TERMINAL C /JPY/ | 9706 | 6472175 | COMMON STOCK | 4,900.0000 | 158,999.12 | .05 |
KAMIGUMI CO LTD /JPY/ | 6482668 | COMMON STOCK | 5,800.0000 | 126,335.63 | .04 | |
ORIX JREIT INC /JPY/ | 8954 | 6527774 | REIT - Real Estate Invesment Trust | 28.0000 | 31,113.50 | .01 |
MITSUBISHI ESTATE CO LTD /JPY/ | 6596729 | COMMON STOCK | 50,100.0000 | 728,170.65 | .23 | |
MITSUI FUDOSAN CO LTD /JPY/ | 6597603 | COMMON STOCK | 145,100.0000 | 1,310,172.29 | .41 | |
UNITED URBAN INVESTMENT /JPY/ | 8960 | 6723839 | REIT - Real Estate Invesment Trust | 286.0000 | 277,133.67 | .09 |
SUMITOMO REALTY & DEVELO /JPY/ | 6858902 | COMMON STOCK | 35,345.0000 | 1,221,618.42 | .38 | |
TOKYO TATEMONO CO LTD /JPY/ | 6895426 | COMMON STOCK | 13,900.0000 | 214,179.40 | .07 | |
INVINCIBLE INVESTMENT CO /JPY/ | B00STP1 | REIT - Real Estate Invesment Trust | 1,075.0000 | 469,007.15 | .15 | |
KDX REALTY INVESTMENT CO /JPY/ | 8972 | B0C5Q59 | REIT - Real Estate Invesment Trust | 242.0000 | 241,892.58 | .08 |
DAIWA OFFICE INVESTMENT | B0LNTF5 | REIT - Real Estate Invesment Trust | 81.0000 | 153,730.50 | .05 | |
DAIWA SECURITIES LIVING /JPY/ | B15T1S3 | REIT - Real Estate Invesment Trust | 639.0000 | 368,102.71 | .11 | |
NIPPON ACCOMMODATIONS FU /JPY/ | 3226 | B182BB2 | REIT - Real Estate Invesment Trust | 28.0000 | 105,355.28 | .03 |
ADVANCE RESIDENCE INVEST /JPY/ | B62WZW2 | REIT - Real Estate Invesment Trust | 282.0000 | 259,724.94 | .08 | |
GLP J-REIT /JPY/ | B8RBZV7 | REIT - Real Estate Invesment Trust | 213.0000 | 174,514.05 | .05 | |
NIPPON PROLOGIS REIT INC /JPY/ | B98BC67 | REIT - Real Estate Invesment Trust | 587.0000 | 896,696.14 | .28 | |
HOSHINO RESORTS REIT INC /JPY/ | BBH7G35 | REIT - Real Estate Invesment Trust | 111.0000 | 148,142.14 | .05 | |
KYUSHU RAILWAY COMPANY /JPY/ | BD2BST6 | COMMON STOCK | 2,300.0000 | 55,977.75 | .02 | |
TOKYU FUDOSAN HOLDINGS C /JPY/ | BDC6LT2 | COMMON STOCK | 71,300.0000 | 457,564.71 | .14 | |
HULIC REIT INC /JPY/ | BJ04C42 | REIT - Real Estate Invesment Trust | 41.0000 | 37,476.30 | .01 | |
TOKYO METRO CO LTD /JPY/ | BQTY1X4 | COMMON STOCK | 27,600.0000 | 308,563.75 | .10 | |
NOMURA REAL ESTATE MASTE /JPY/ | BYSJJF4 | REIT - Real Estate Invesment Trust | 424.0000 | 408,461.52 | .13 | |
STAR ASIA INVESTMENT COR /JPY/ | BYYJ8J5 | REIT - Real Estate Invesment Trust | 682.0000 | 227,175.35 | .07 | |
3I INFRASTRUCTURE PLC /GBP/ | BF5FX16 | POOLED INVESTMENTS | 37,098.0000 | 146,330.02 | .05 | |
ARCELORMITTAL-NY REGISTERED | MT | 03938L203 | COMMON STOCK | 62,365.0000 | 1,541,039.15 | .48 |
GRUPO AEROPORTUARIO DEL /MXN/ | OMAB | B1KFX13 | COMMON STOCK | 147,465.0000 | 1,392,821.89 | .43 |
GRUPO AEROPORTUARIO CEN-ADR | OMAB | 400501102 | COMMON STOCK | 5,791.0000 | 437,799.60 | .14 |
GRUPO AEROPORTUARIO PAC-ADR | PAC | 400506101 | COMMON STOCK | 2,737.0000 | 507,302.95 | .16 |
GRUPO AEROPORTUARIO SUR-ADR | ASR | 40051E202 | COMMON STOCK | 3,627.0000 | 995,502.69 | .31 |
CORP INMOBILIARIA VESTA-ADR | VTMX | 92540K109 | COMMON STOCK | 22,687.0000 | 595,306.88 | .19 |
WERELDHAVE NV /EUR/ | WHA | 4948623 | REIT - Real Estate Invesment Trust | 23,244.0000 | 352,407.27 | .11 |
VOPAK /EUR/ | 5809428 | COMMON STOCK | 24,861.0000 | 1,137,081.49 | .36 | |
CTP NV /EUR/ | BLF7T27 | COMMON STOCK | 17,071.0000 | 283,816.18 | .09 | |
FERROVIAL SE /EUR/ | BRS7CF0 | COMMON STOCK | 11,538.0000 | 494,193.74 | .15 | |
INFRATIL LTD /NZD/ | IFT | 6459286 | COMMON STOCK | 30,230.0000 | 191,029.06 | .06 |
AUCKLAND INTL AIRPORT LT /NZD/ | BKX3XG2 | COMMON STOCK | 667,879.0000 | 3,254,771.71 | 1.02 | |
INTL CONTAINER TERM SVCS /PHP/ | 6455819 | COMMON STOCK | 31,250.0000 | 187,300.08 | .06 | |
CITY DEVELOPMENTS LTD /SGD/ | 6197928 | COMMON STOCK | 79,231.0000 | 294,404.64 | .09 | |
CAPITALAND INTEGRATED CO /SGD/ | 6420129 | REIT - Real Estate Invesment Trust | 122,100.0000 | 174,655.01 | .05 | |
SEMBCORP INDUSTRIES LTD /SGD/ | SCI | B08X163 | COMMON STOCK | 95,100.0000 | 389,316.21 | .12 |
MAPLETREE LOGISTICS TRUS /SGD/ | MLT | B0D6P43 | REIT - Real Estate Invesment Trust | 116,700.0000 | 104,511.20 | .03 |
FRASERS CENTREPOINT TRUS /SGD/ | FCT | B17NZ47 | REIT - Real Estate Invesment Trust | 298,123.0000 | 469,641.23 | .15 |
CAPITALAND INDIA TRUST /SGD/ | B23DMQ9 | REIT - Real Estate Invesment Trust | 141,008.0000 | 105,792.11 | .03 | |
PARKWAYLIFE REAL ESTATE /SGD/ | B23WXW9 | REIT - Real Estate Invesment Trust | 189,036.0000 | 538,701.69 | .17 | |
MAPLETREE INDUSTRIAL TRU /SGD/ | B4LR5Q8 | REIT - Real Estate Invesment Trust | 7,900.0000 | 12,184.50 | .00 | |
CAPITALAND INVESTMENT LT /SGD/ | BNHXFJ6 | COMMON STOCK | 117,500.0000 | 211,884.03 | .07 | |
KEPPEL DC REIT /SGD/ | BT9Q186 | REIT - Real Estate Invesment Trust | 603,863.0000 | 979,113.35 | .31 | |
IMPALA PLATINUM-SPON ADR | IMPUY | 452553308 | COMMON STOCK | 67,553.0000 | 376,945.74 | .12 |
ENDESA SA /EUR/ | 5271782 | COMMON STOCK | 13,478.0000 | 298,482.30 | .09 | |
SACYR SA /EUR/ | 5504789 | COMMON STOCK | 449,717.0000 | 1,471,317.26 | .46 | |
IBERDROLA SA /EUR/ | B288C92 | COMMON STOCK | 77,482.0000 | 1,094,906.05 | .34 | |
EDP RENOVAVEIS SA /EUR/ | B39GNW2 | COMMON STOCK | 130,979.0000 | 1,222,850.44 | .38 | |
INMOBILIARIA COLONIAL SO /EUR/ | BD0PJ08 | REIT - Real Estate Invesment Trust | 57,382.0000 | 324,959.05 | .10 | |
REDEIA CORP SA /EUR/ | BD6FXN3 | COMMON STOCK | 76,918.0000 | 1,294,191.96 | .40 | |
IBERDROLA SA /EUR/ | BMZLX46 | COMMON STOCK | 1,321.0000 | 18,691.43 | .01 | |
MERLIN PROPERTIES SOCIMI /EUR/ | BNGNB77 | REIT - Real Estate Invesment Trust | 63,764.0000 | 736,896.40 | .23 | |
AENA SME SA /EUR/ | BVRZ8L1 | COMMON STOCK | 18,924.0000 | 4,077,928.71 | 1.27 | |
CELLNEX TELECOM SA /EUR/ | BX90C05 | COMMON STOCK | 87,680.0000 | 2,931,359.17 | .92 | |
UNIBAIL-RODAMCO-WESTFIEL /EUR/ | BF2PQ09 | REIT - Real Estate Invesment Trust | 6,022.0000 | 503,125.28 | .16 | |
HK ELECTRIC INVESTMENTS /HKD/ | BJ3WDZ1 | OTHER EQUITY | 482,500.0000 | 323,944.27 | .10 | |
CATENA AB NPV /SEK/ | CATE | B131GJ7 | COMMON STOCK | 7,453.0000 | 322,965.50 | .10 |
SAGAX AB-B /SEK/ | B9M3PK4 | COMMON STOCK | 16,572.0000 | 361,512.01 | .11 | |
WIHLBORGS FASTIGHETER AB /SEK/ | BPMQMP9 | COMMON STOCK | 13,483.0000 | 132,912.60 | .04 | |
FASTIGHETS AB BALDER-B S /SEK/ | BPMRNZ9 | COMMON STOCK | 50,747.0000 | 361,552.82 | .11 | |
CIBUS NORDIC REAL ESTAT /SEK/ | BYWR8Y6 | COMMON STOCK | 4,995.0000 | 80,924.37 | .03 | |
FLUGHAFEN ZURICH AG-REG /CHF/ | BYQ8481 | COMMON STOCK | 1,965.0000 | 473,505.23 | .15 | |
BRITISH LAND CO PLC /GBP/ | BLND | 0136701 | REIT - Real Estate Invesment Trust | 135,873.0000 | 630,991.11 | .20 |
DERWENT LONDON PLC /GBP/ | 0265274 | REIT - Real Estate Invesment Trust | 4,644.0000 | 112,446.75 | .04 | |
BIG YELLOW GROUP PLC /GBP/ | BYG | 0286941 | REIT - Real Estate Invesment Trust | 19,343.0000 | 228,953.15 | .07 |
UNITE GROUP PLC/THE /GBP/ | 0692861 | REIT - Real Estate Invesment Trust | 55,636.0000 | 590,023.29 | .18 | |
RIO TINTO PLC /GBP/ | 0718875 | COMMON STOCK | 17,091.0000 | 1,031,859.43 | .32 | |
SSE PLC /GBP/ | 0790873 | COMMON STOCK | 29,063.0000 | 586,758.68 | .18 | |
SEVERN TRENT PLC /GBP/ | B1FH8J7 | COMMON STOCK | 51,463.0000 | 1,609,460.05 | .50 | |
SAFESTORE HOLDINGS PLC /GBP/ | B1N7Z09 | REIT - Real Estate Invesment Trust | 54,120.0000 | 412,248.58 | .13 | |
ANGLO AMERICAN PLC /GBP/ | B1XZS82 | COMMON STOCK | 96,909.0000 | 2,852,883.03 | .89 | |
UNITED UTILITIES GROUP P /GBP/ | B39J2M4 | COMMON STOCK | 180,975.0000 | 2,291,224.08 | .72 | |
LONDONMETRIC PROPERTY PL /GBP/ | B4WFW71 | REIT - Real Estate Invesment Trust | 108,277.0000 | 249,394.30 | .08 | |
SEGRO PLC /GBP/ | B5ZN1N8 | REIT - Real Estate Invesment Trust | 14,816.0000 | 131,485.84 | .04 | |
SHAFTESBURY CAPITAL PLC /GBP/ | B62G9D3 | REIT - Real Estate Invesment Trust | 246,238.0000 | 378,160.02 | .12 | |
NATIONAL GRID PLC /GBP/ | BDR05C0 | COMMON STOCK | 297,235.0000 | 3,614,105.78 | 1.13 | |
TRITAX BIG BOX REIT PLC /GBP/ | BG49KP9 | REIT - Real Estate Invesment Trust | 161,102.0000 | 291,472.54 | .09 | |
HELIOS TOWERS PLC /GBP/ | BJVQC70 | COMMON STOCK | 138,874.0000 | 163,052.79 | .05 | |
ENDEAVOUR MINING PLC /GBP/ | BL6K5J4 | COMMON STOCK | 56,433.0000 | 1,142,345.18 | .36 | |
PENNON GROUP PLC /GBP/ | BNNTLN4 | COMMON STOCK | 75,845.0000 | 541,693.45 | .17 | |
SHELL PLC-NEW /GBP/ | BP6MXD8 | COMMON STOCK | 76,017.0000 | 2,493,931.00 | .78 | |
HAMMERSON PLC /GBP/ | BRJQ8J2 | REIT - Real Estate Invesment Trust | 91,962.0000 | 322,612.57 | .10 | |
NATIONAL GRID PLC-SP ADR | NGG | 636274409 | COMMON STOCK | 4,777.0000 | 293,307.80 | .09 |
TRONOX HOLDINGS PLC | TROX | BJT16S6 | COMMON STOCK | 33,281.0000 | 341,795.87 | .11 |
ACADIA REALTY TRUST | AKR | 004239109 | REIT - Real Estate Invesment Trust | 25,112.0000 | 578,580.48 | .18 |
AGREE REALTY CORP | ADC | 008492100 | REIT - Real Estate Invesment Trust | 25,430.0000 | 1,845,455.10 | .58 |
ALCOA CORP | AA | 013872106 | COMMON STOCK | 40,071.0000 | 1,415,307.72 | .44 |
ALEXANDRIA REAL ESTATE EQUIT | ARE | 015271109 | REIT - Real Estate Invesment Trust | 1,025.0000 | 99,783.75 | .03 |
ALLIANT ENERGY CORP | LNT | 018802108 | COMMON STOCK | 8,728.0000 | 513,904.64 | .16 |
AMEREN CORPORATION | AEE | 023608102 | COMMON STOCK | 17,398.0000 | 1,638,891.60 | .51 |
AMERICAN ELECTRIC POWER | AEP | 025537101 | COMMON STOCK | 18,286.0000 | 1,798,610.96 | .56 |
AMERICAN HOMES 4 RENT- A | AMH | 02665T306 | REIT - Real Estate Invesment Trust | 14,697.0000 | 508,957.11 | .16 |
AMERICAN TOWER CORP | AMT | 03027X100 | REIT - Real Estate Invesment Trust | 8,161.0000 | 1,509,376.95 | .47 |
AMERICOLD REALTY TRUST INC | COLD | 03064D108 | REIT - Real Estate Invesment Trust | 11,809.0000 | 258,026.65 | .08 |
ANTERO RESOURCES CORP | AR | 03674X106 | COMMON STOCK | 30,298.0000 | 1,130,721.36 | .35 |
APPLE HOSPITALITY REIT INC | APLE | 03784Y200 | REIT - Real Estate Invesment Trust | 1,101.0000 | 16,999.44 | .01 |
ARCOSA INC | ACA | 039653100 | COMMON STOCK | 7,761.0000 | 786,189.30 | .25 |
AVALONBAY COMMUNITIES INC | AVB | 053484101 | REIT - Real Estate Invesment Trust | 11,994.0000 | 2,656,790.94 | .83 |
BXP INC | BXP | 101121101 | REIT - Real Estate Invesment Trust | 985.0000 | 72,042.90 | .02 |
CBRE GROUP INC - A | CBRE | 12504L109 | COMMON STOCK | 1,106.0000 | 160,082.44 | .05 |
CF INDUSTRIES HOLDINGS INC | CF | 125269100 | COMMON STOCK | 29,912.0000 | 2,758,185.52 | .86 |
CMS ENERGY CORP | CMS | 125896100 | COMMON STOCK | 35,354.0000 | 2,333,364.00 | .73 |
CSX CORP | CSX | 126408103 | COMMON STOCK | 6,877.0000 | 226,046.99 | .07 |
CAMDEN PROPERTY TRUST | CPT | 133131102 | REIT - Real Estate Invesment Trust | 408.0000 | 46,393.68 | .01 |
CARETRUST REIT INC | CTRE | 14174T107 | REIT - Real Estate Invesment Trust | 19,765.0000 | 523,772.50 | .16 |
CASELLA WASTE SYSTEMS INC-A | CWST | 147448104 | COMMON STOCK | 2,064.0000 | 221,962.56 | .07 |
CENTERPOINT ENERGY INC | CNP | 15189T107 | COMMON STOCK | 32,182.0000 | 1,048,167.74 | .33 |
CHENIERE ENERGY INC | LNG | 16411R208 | COMMON STOCK | 15,005.0000 | 3,355,868.25 | 1.05 |
EXPAND ENERGY CORP | EXE | 165167735 | COMMON STOCK | 20,312.0000 | 2,063,699.20 | .64 |
CLEVELAND-CLIFFS INC | CLF | 185899101 | COMMON STOCK | 85,944.0000 | 880,066.56 | .27 |
CONOCOPHILLIPS | COP | 20825C104 | COMMON STOCK | 8,633.0000 | 853,199.39 | .27 |
CONSTELLATION ENERGY | CEG | 21037T109 | COMMON STOCK | 2,322.0000 | 696,553.56 | .22 |
COPT DEFENSE PROPERTIES | CDP | 22002T108 | REIT - Real Estate Invesment Trust | 8,943.0000 | 263,281.92 | .08 |
CORTEVA INC | CTVA | 22052L104 | COMMON STOCK | 16,661.0000 | 1,087,463.47 | .34 |
COUSINS PROPERTIES INC | 222795502 | REIT - Real Estate Invesment Trust | 7,230.0000 | 220,731.90 | .07 | |
CROWN CASTLE INC | CCI | 22822V101 | REIT - Real Estate Invesment Trust | 14,276.0000 | 1,274,561.28 | .40 |
CROWN HOLDINGS INC | CCK | 228368106 | COMMON STOCK | 9,363.0000 | 822,633.18 | .26 |
CUBESMART | CUBE | 229663109 | REIT - Real Estate Invesment Trust | 9,296.0000 | 387,643.20 | .12 |
CURBLINE PROPERTIES CORP | CURB WI | 23128Q101 | REIT - Real Estate Invesment Trust | 7,900.0000 | 193,313.00 | .06 |
DTE ENERGY COMPANY | DTE | 233331107 | COMMON STOCK | 1,291.0000 | 154,765.08 | .05 |
DT MIDSTREAM INC | DTM | 23345M107 | COMMON STOCK | 1,276.0000 | 128,978.08 | .04 |
DARLING INGREDIENTS INC | DAR | 237266101 | COMMON STOCK | 48,333.0000 | 1,810,554.18 | .57 |
DEERE AND CO | DE | 244199105 | COMMON STOCK | 448.0000 | 213,498.88 | .07 |
DIAMONDBACK ENERGY INC | FANG | 25278X109 | COMMON STOCK | 15,293.0000 | 2,513,557.48 | .78 |
DIGITAL REALTY TRUST INC | DLR | 253868103 | REIT - Real Estate Invesment Trust | 19,903.0000 | 3,261,305.58 | 1.02 |
DIGITALBRIDGE GROUP INC | 25401T603 | COMMON STOCK | 29,275.0000 | 321,146.75 | .10 | |
EQT CORP | EQT | 26884L109 | COMMON STOCK | 19,623.0000 | 1,003,127.76 | .31 |
EASTGROUP PROPERTIES INC | EGP | 277276101 | REIT - Real Estate Invesment Trust | 4,269.0000 | 724,107.78 | .23 |
EMPIRE STATE REALTY TRUST-A | ESRT | 292104106 | REIT - Real Estate Invesment Trust | 31,922.0000 | 305,174.32 | .10 |
ENERGY TRANSFER LP | ET | 29273V100 | POOLED INVESTMENTS | 52,829.0000 | 1,081,937.92 | .34 |
ENTERGY CORP | ETR | 29364G103 | COMMON STOCK | 13,289.0000 | 1,077,472.12 | .34 |
ENTERPRISE PRODUCTS PARTNERS | EPD | 293792107 | POOLED INVESTMENTS | 8,674.0000 | 283,206.10 | .09 |
EQUINIX INC | EQIX | 29444U700 | REIT - Real Estate Invesment Trust | 7,461.0000 | 6,816,817.26 | 2.13 |
EQUITY LIFESTYLE PROPERTIES | ELS | 29472R108 | REIT - Real Estate Invesment Trust | 11,821.0000 | 773,684.45 | .24 |
EQUITY RESIDENTIAL | EQR | 29476L107 | REIT - Real Estate Invesment Trust | 25,264.0000 | 1,784,396.32 | .56 |
ESSENTIAL PROPERTIES REALTY | EPRT | 29670E107 | REIT - Real Estate Invesment Trust | 15,426.0000 | 495,174.60 | .15 |
ESSENTIAL UTILITIES INC | WTRG | 29670G102 | COMMON STOCK | 54,630.0000 | 1,938,272.40 | .61 |
ESSEX PROPERTY TRUST INC | ESS | 297178105 | REIT - Real Estate Invesment Trust | 3,979.0000 | 1,132,304.03 | .35 |
EVERSOURCE ENERGY | 30040W108 | COMMON STOCK | 18,968.0000 | 1,094,074.24 | .34 | |
EXELON CORP | EXC | 30161N101 | COMMON STOCK | 61,771.0000 | 2,470,840.00 | .77 |
EXTRA SPACE STORAGE INC | EXR | 30225T102 | REIT - Real Estate Invesment Trust | 6,400.0000 | 985,600.00 | .31 |
FMC CORP | FMC | 302491303 | COMMON STOCK | 20,892.0000 | 1,165,355.76 | .36 |
FEDERAL REALTY INVS TRUST | 313745101 | REIT - Real Estate Invesment Trust | 6,868.0000 | 746,070.84 | .23 | |
FIRST INDUSTRIAL REALTY TR | FR | 32054K103 | REIT - Real Estate Invesment Trust | 15,138.0000 | 808,217.82 | .25 |
FIRST SOLAR INC | FSLR | 336433107 | COMMON STOCK | 2,642.0000 | 442,587.84 | .14 |
FLUOR CORP | FLR | 343412102 | COMMON STOCK | 3,973.0000 | 191,538.33 | .06 |
FREEPORT-MCMORAN INC | FCX | 35671D857 | COMMON STOCK | 45,238.0000 | 1,621,782.30 | .51 |
GAMING AND LEISURE PROPERTIE | GLPI | 36467J108 | REIT - Real Estate Invesment Trust | 15,362.0000 | 743,367.18 | .23 |
AMERICAN HEALTHCARE REIT INC | 398182303 | REIT - Real Estate Invesment Trust | 40,038.0000 | 1,132,675.02 | .35 | |
HEALTHCARE REALTY TRUST INC | 42226K105 | REIT - Real Estate Invesment Trust | 9,100.0000 | 152,425.00 | .05 | |
HEALTHPEAK PROPERTIES INC | PEAK | 42250P103 | REIT - Real Estate Invesment Trust | 48,354.0000 | 998,993.64 | .31 |
HOST HOTELS & RESORTS INC | HST | 44107P104 | REIT - Real Estate Invesment Trust | 17,616.0000 | 294,363.36 | .09 |
HYATT HOTELS CORP - CL A | H | 448579102 | COMMON STOCK | 1,492.0000 | 236,079.16 | .07 |
CRESCENT ENERGY INC-A | CRGY | 44952J104 | COMMON STOCK | 110,896.0000 | 1,670,093.76 | .52 |
INTERNATIONAL PAPER CO | IP | 460146103 | COMMON STOCK | 55,847.0000 | 3,106,768.61 | .97 |
INVENTRUST PROPERTIES CORP | IVT | 46124J201 | REIT - Real Estate Invesment Trust | 11,435.0000 | 340,076.90 | .11 |
INVITATION HOMES INC | INVH | 46187W107 | REIT - Real Estate Invesment Trust | 68,810.0000 | 2,143,431.50 | .67 |
IRON MOUNTAIN INC | IRM | 46284V101 | REIT - Real Estate Invesment Trust | 5,770.0000 | 586,058.90 | .18 |
KILROY REALTY CORP | KRC | 49427F108 | REIT - Real Estate Invesment Trust | 14,292.0000 | 557,673.84 | .17 |
KIMBELL ROYALTY PARTNERS LP | KRP | 49435R102 | OTHER EQUITY | 79,380.0000 | 1,221,658.20 | .38 |
KIMCO REALTY CORP | KIM | 49446R109 | REIT - Real Estate Invesment Trust | 39,585.0000 | 888,683.25 | .28 |
KINDER MORGAN INC | KMI | 49456B101 | COMMON STOCK | 77,127.0000 | 2,119,449.96 | .66 |
KITE REALTY GROUP TRUST | 49803T300 | REIT - Real Estate Invesment Trust | 21,442.0000 | 496,382.30 | .15 | |
LAMAR ADVERTISING CO-A | 512816109 | REIT - Real Estate Invesment Trust | 1,881.0000 | 237,796.02 | .07 | |
LEXINGTON REALTY TRUST REIT | LXP | 529043101 | REIT - Real Estate Invesment Trust | 28,461.0000 | 236,795.52 | .07 |
LINEAGE INC | 53566V106 | REIT - Real Estate Invesment Trust | 11,739.0000 | 704,340.00 | .22 | |
LOUISIANA-PACIFIC CORP | LPX | 546347105 | COMMON STOCK | 5,523.0000 | 646,025.31 | .20 |
MP MATERIALS CORP | MP | 553368101 | COMMON STOCK | 55,058.0000 | 1,209,073.68 | .38 |
MPLX LP | MPLX | 55336V100 | POOLED INVESTMENTS | 3,478.0000 | 180,890.78 | .06 |
MACERICH CO/THE | MAC | 554382101 | REIT - Real Estate Invesment Trust | 4,355.0000 | 90,496.90 | .03 |
VERIS RESIDENTIAL INC | VRE | 554489104 | REIT - Real Estate Invesment Trust | 11,934.0000 | 190,227.96 | .06 |
MARATHON PETROLEUM CORP | MPC | 56585A102 | COMMON STOCK | 8,015.0000 | 1,167,865.65 | .36 |
MID-AMERICA APARTMENT COMM | MAA | 59522J103 | REIT - Real Estate Invesment Trust | 1,419.0000 | 216,511.02 | .07 |
NRG ENERGY INC | NRG | 629377508 | COMMON STOCK | 3,426.0000 | 350,959.44 | .11 |
NNN REIT INC | NNN | 637417106 | REIT - Real Estate Invesment Trust | 5,617.0000 | 221,253.63 | .07 |
NETSTREIT CORP | NTST | 64119V303 | REIT - Real Estate Invesment Trust | 29,033.0000 | 420,397.84 | .13 |
NEWMONT CORP | NEM | 651639106 | COMMON STOCK | 21,583.0000 | 922,025.76 | .29 |
NEXTERA ENERGY INC | NEE | 65339F101 | COMMON STOCK | 50,713.0000 | 3,629,022.28 | 1.13 |
NISOURCE INC | NI | 65473P105 | COMMON STOCK | 24,022.0000 | 896,020.60 | .28 |
NORFOLK SOUTHERN CORP | NSC | 655844108 | COMMON STOCK | 1,611.0000 | 411,288.30 | .13 |
NUCOR CORP | NUE | 670346105 | COMMON STOCK | 4,041.0000 | 518,985.63 | .16 |
CHORD ENERGY CORP | CHRD | 674215207 | COMMON STOCK | 8,401.0000 | 944,692.45 | .29 |
OCCIDENTAL PETROLEUM CORP | OXY | 674599105 | COMMON STOCK | 16,637.0000 | 776,116.05 | .24 |
OMEGA HEALTHCARE INVESTORS | OHI | 681936100 | REIT - Real Estate Invesment Trust | 4,340.0000 | 160,840.40 | .05 |
ONEOK INC | OKE | 682680103 | COMMON STOCK | 29,426.0000 | 2,859,324.42 | .89 |
PBF ENERGY INC-CLASS A | PBF | 69318G106 | COMMON STOCK | 15,507.0000 | 453,734.82 | .14 |
P G & E CORP | PCG | 69331C108 | COMMON STOCK | 131,833.0000 | 2,063,186.45 | .64 |
PEBBLEBROOK HOTEL TRUST | PEB | 70509V100 | REIT - Real Estate Invesment Trust | 5,063.0000 | 66,477.19 | .02 |
PERMIAN RESOURCES CORP | PR | 71424F105 | COMMON STOCK | 195,925.0000 | 2,870,301.25 | .90 |
PHILLIPS 66 | PSX | 718546104 | COMMON STOCK | 14,501.0000 | 1,709,232.87 | .53 |
PIMCO COMMODITY ACTIVE STRAT | CMDT | 72201R593 | POOLED INVESTMENTS | 594,048.0000 | 15,492,771.84 | 4.84 |
PINNACLE WEST CAPITAL | PNW | 723484101 | COMMON STOCK | 6,124.0000 | 532,543.04 | .17 |
PLAINS ALL AMER PIPELINE LP | PAA | 726503105 | POOLED INVESTMENTS | 3,331.0000 | 65,953.80 | .02 |
PROLOGIS INC | PLD | 74340W103 | REIT - Real Estate Invesment Trust | 41,189.0000 | 4,911,788.25 | 1.53 |
PUBLIC SERVICE ENTERPRISE GP | PEG | 744573106 | COMMON STOCK | 6,529.0000 | 545,432.66 | .17 |
PUBLIC STORAGE REIT | PSA | 74460D109 | REIT - Real Estate Invesment Trust | 8,506.0000 | 2,538,870.88 | .79 |
REALTY INCOME CORP | O | 756109104 | REIT - Real Estate Invesment Trust | 13,480.0000 | 736,547.20 | .23 |
REGENCY CENTERS CORP | REG | 758849103 | REIT - Real Estate Invesment Trust | 9,466.0000 | 680,037.44 | .21 |
REPUBLIC SERVICES INC | RSG | 760759100 | COMMON STOCK | 5,917.0000 | 1,283,219.79 | .40 |
REXFORD INDUSTRIAL REALTY IN | REXR | 76169C100 | REIT - Real Estate Invesment Trust | 2,047.0000 | 83,231.02 | .03 |
RYMAN HOSPITALITY PROPERTIES | RHP | 78377T107 | REIT - Real Estate Invesment Trust | 7,049.0000 | 739,017.16 | .23 |
SBA COMMUNICATIONS CORP | SBAC | 78410G104 | REIT - Real Estate Invesment Trust | 2,083.0000 | 411,517.48 | .13 |
SL GREEN REALTY CORP | SLG | 78440X887 | REIT - Real Estate Invesment Trust | 2,490.0000 | 167,801.10 | .05 |
SEMPRA | SRE | 816851109 | COMMON STOCK | 39,334.0000 | 3,261,968.62 | 1.02 |
SIMON PROPERTY GROUP INC | SPG | 828806109 | REIT - Real Estate Invesment Trust | 10,258.0000 | 1,783,455.88 | .56 |
SITE CENTERS CORP | SITC | 82981J851 | REIT - Real Estate Invesment Trust | 11,129.0000 | 166,712.42 | .05 |
SOUTHERN CO/THE | SO | 842587107 | COMMON STOCK | 7,718.0000 | 647,926.10 | .20 |
STAG INDUSTRIAL INC | STAG | 85254J102 | REIT - Real Estate Invesment Trust | 17,024.0000 | 581,880.32 | .18 |
STEEL DYNAMICS INC | STLD | 858119100 | COMMON STOCK | 6,244.0000 | 800,480.80 | .25 |
SUN COMMUNITIES INC | SUI | 866674104 | REIT - Real Estate Invesment Trust | 6,048.0000 | 765,072.00 | .24 |
SUNNOVA ENERGY INTERNATIONAL | NOVA | 86745K104 | COMMON STOCK | 69,737.0000 | 179,224.09 | .06 |
SUNRUN INC | RUN | 86771W105 | COMMON STOCK | 33,726.0000 | 305,220.30 | .10 |
SUNSTONE HOTEL INVESTORS INC | SHO | 867892101 | REIT - Real Estate Invesment Trust | 33,264.0000 | 376,881.12 | .12 |
SYLVAMO CORP | SLVM | 871332102 | COMMON STOCK | 7,743.0000 | 620,214.30 | .19 |
TANGER INC | SKT | 875465106 | REIT - Real Estate Invesment Trust | 16,908.0000 | 554,920.56 | .17 |
TARGA RESOURCES CORP | TRGP | 87612G101 | COMMON STOCK | 3,802.0000 | 748,233.60 | .23 |
METALLUS INC | MTUS | 887399103 | COMMON STOCK | 40,688.0000 | 607,878.72 | .19 |
UNION PACIFIC CORP | UNP | 907818108 | COMMON STOCK | 2,362.0000 | 585,279.98 | .18 |
UNIT CORP | UNTC | 909218406 | COMMON STOCK | 23,460.0000 | 681,806.25 | .21 |
URBAN EDGE PROPERTIES | UE | 91704F104 | REIT - Real Estate Invesment Trust | 17,439.0000 | 354,709.26 | .11 |
VALERO ENERGY CORP | VLO | 91913Y100 | COMMON STOCK | 10,854.0000 | 1,443,582.00 | .45 |
VENTAS INC | VTR | 92276F100 | REIT - Real Estate Invesment Trust | 34,730.0000 | 2,098,386.60 | .66 |
VENTURE GLOBAL INC-CL A | VG | 92333F101 | COMMON STOCK | 19,562.0000 | 400,042.90 | .12 |
VICI PROPERTIES INC | VICI | 925652109 | REIT - Real Estate Invesment Trust | 66,646.0000 | 1,984,051.42 | .62 |
VISTRA CORP | VST | 92840M102 | COMMON STOCK | 3,857.0000 | 648,091.71 | .20 |
WASTE MANAGEMENT INC | WM | 94106L109 | COMMON STOCK | 901.0000 | 198,454.26 | .06 |
WELLTOWER INC | WELL | 95040Q104 | REIT - Real Estate Invesment Trust | 41,269.0000 | 5,632,393.12 | 1.76 |
WEYERHAEUSER CO | WY | 962166104 | REIT - Real Estate Invesment Trust | 10,377.0000 | 317,743.74 | .10 |
WILLIAMS COS INC | WMB | 969457100 | COMMON STOCK | 27,952.0000 | 1,549,379.36 | .48 |
SPDR GOLD MINISHARES TRUST | GLDM1USD | 98149E303 | POOLED INVESTMENTS | 288,543.0000 | 16,008,365.64 | 5.00 |
SPRUCE POWER HOLDING CORP | 9837FR209 | COMMON STOCK | 56,451.0000 | 148,466.13 | .05 | |
XCEL ENERGY INC | XEL | 98389B100 | COMMON STOCK | 47,552.0000 | 3,195,494.40 | 1.00 |
HKD/USD FWD 20250203 000000010 USD | HKD | 1296299814 | FORWARD | -47,611.4300 | -6,110.37 | -.00 |
USD/HKD FWD 20250203 000000010 USD | USD | 1296299814 | FORWARD | 6,111.3800 | 6,111.38 | .00 |
As of 01/31/2025.
Distributions
Fund Name | Fund Cusip | Distribution Type | Amount per Share | Ex Date | Reinvest Date | Reinvest Price |
---|---|---|---|---|---|---|
Destinations Real Assets Fund | 10964R764 | Dividend | 0.005765 | 12/30/24 | 12/30/24 | 1.9 |
Destinations Real Assets Fund | 10964R764 | Dividend | 1.287324 | 12/16/19 | 12/16/19 | $2.91 |
Destinations Real Assets Fund | 10964R764 | Dividend | 0.012738 | 12/17/18 | 12/17/18 | $6.11 |
Destinations Real Assets Fund | 10964R764 | Short-Term Capital Gains | 0.007282 | 12/17/18 | 12/17/18 | $6.11 |
Fees and expenses
Type | Amount |
---|---|
Management Fees | 1.00% |
Distribution and Service (12b-1) Fees | None |
Other Expenses | 0.15% |
AFFE | 0.04% |
Total Annual Fund Operating Expenses | 1.19% |
Fee waivers and expense reimbursements | (0.24%) |
Total Annual Fund Operating Expenses Less Fee Waivers and Expense Reimbursements | 0.95%* |
* Other Expenses are based on estimated amounts for the current fiscal year.
** AFFE are indirect fees and expenses that the Fund incurs from investing in shares of other investment companies, and are estimated for the current fiscal year.
*** The Fund’s adviser, Orion Portfolio Solutions, LLC d.b.a. Brinker Capital Investments (“the Adviser”), has contractually agreed to waive a portion of its management fee as necessary to keep the Fund’s management fee from exceeding 0.444% more than the total amount of sub-advisory fees paid by the Adviser. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2026 and may be amended or terminated only with the consent of the Board of Trustees.
The Fund’s adviser, Orion Portfolio Solutions, LLC d.b.a. Brinker Capital Investments (“the Adviser”), has contractually agreed to waive a portion of its management fee as necessary to keep the Fund’s management fee from exceeding 0.444% more than the total amount of sub-advisory fees paid by the Adviser. This fee waiver and reimbursement agreement shall remain in effect until June 30, 2025 and may be amended or terminated only with the consent of the Board of Trustees.
**Annual expenses have been restated based on estimated current expenses as of April 30, 2024 using the Fund’s assets as of April 30, 2024. Consequently, the Fund’s Total Annual Fund Operating Expenses will differ from the numbers shown in the Fund's financial statements (or the “Financial Highlights” section in the prospectus).

1-877-771-7979
Monday – Friday 8:30 am – 5:00 pm EST
Brinker Capital Destinations Funds
P.O. Box 2175
Milwaukee, WI 53201
Brinker Capital Destinations Funds
235 W. Galena Street
Milwaukee, WI 53212
Brinker Capital Investments LLC
1055 Westlakes Drive, Suite 250
Berwyn, PA 19312
www.brinkercapital.com
Foreside Fund Services, LLC
Three Canal Plaza, Suite 100
Portland, ME 04101
www.foreside.com
marketingmembers@brinkercapital.com
Mutual fund investing involves risk. The value of your investment in a Fund could go down. Multi-investment management styles may lead to overlapping securities transactions and higher transaction expenses compared to single investment management styles. Outcomes depend on the skill of the sub-advisers and adviser and the allocation of assets amongst them, as well as market fluctuations and industry/economic trends etc.
Before investing you should consider the Destinations Funds’ investment objectives, risks, charges and expenses carefully. The prospectus contains this and other information about the Funds. You may obtain a copy of the prospectus by calling 1-877-771-7979. The prospectus should be read carefully before investing.
Any tax or legal information provided is not an exhaustive interpretation of some of the current income tax regulations. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Funds nor any of their representatives may give legal or tax advice.
The Destinations Funds are distributed by Foreside Fund Services, LLC.