SA Real Estate Securities Select
Name
As of 10/26/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$125 M
Holdings in Top 10
44.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 4.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/26/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SARLX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.66%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameSA Real Estate Securities Fund
-
Fund Family NameSA Funds
-
Inception DateJul 03, 2017
-
Shares OutstandingN/A
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJed Fogdall
Fund Description
To achieve the Fund’s investment objective, Dimensional Fund Advisors LP (the “Sub-Adviser”) implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. The Fund is designed to purchase readily marketable equity securities of companies the principal activities of which include ownership, management, development, construction or sale of residential, commercial or industrial real estate. Investments will include, principally, equity securities of companies in the following sectors of the real estate industry: certain real estate investment trusts (“REITs”), companies engaged in residential construction and firms, excluding partnerships, the principal business of which is to develop commercial property. The Fund generally considers a company to be principally engaged in the real estate industry if the company (i) derives at least 50% of its revenue or profits from the ownership, management, development, construction or sale of residential, commercial, industrial or other real estate; (ii) has at least 50% of the value of its assets invested in residential, commercial, industrial or other real estate; or (iii) is organized as a REIT or REIT-like entity. REIT or REIT-like entities are types of real estate companies that pool investors’ funds for investment primarily in income producing real estate or real estate related loans or interests.
The Fund will make equity investments in securities listed on a securities exchange in the United States that is deemed appropriate by the Sub-Adviser, using a market capitalization weighted approach. A company’s market capitalization is the number of its shares outstanding times its price per share. In general, the higher the relative market capitalization of the U.S. real estate company, the greater its representation in the Fund. The Sub-Adviser may adjust the representation in the Fund of an eligible company, or exclude a company, after considering such factors as free float, size, relative price, profitability, trading strategies, liquidity, momentum, and other factors that the Sub-Adviser determines to be appropriate.
Summary Prospectus | 33 |
The Fund will purchase shares of REITs. A REIT is not subject to federal income tax on net income and gains it distributes to shareholders if it complies with several requirements relating to its organization, ownership, assets and income and a requirement that it distribute to its shareholders at least 90% of its taxable income (other than net capital gain) for each taxable year. As a non-fundamental policy, under normal circumstances, at least 80% of the Fund’s net assets will be invested in securities of companies in the real estate industry.
The Fund may lend its portfolio securities to generate additional income.
SARLX - Performance
Return Ranking - Trailing
Period | SARLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -13.1% | 315.4% | 29.97% |
1 Yr | N/A | -43.6% | 198.5% | 64.26% |
3 Yr | N/A* | -15.7% | 43.2% | 63.85% |
5 Yr | N/A* | -15.4% | 22.1% | 47.28% |
10 Yr | N/A* | -7.2% | 10.9% | 51.87% |
* Annualized
Return Ranking - Calendar
Period | SARLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -51.3% | 81.2% | 22.91% |
2022 | 29.4% | -3.9% | 24.3% | 63.26% |
2021 | -9.8% | -14.7% | 10.5% | 56.63% |
2020 | 21.5% | -0.2% | 9.4% | 35.12% |
2019 | -7.8% | -7.1% | 0.8% | 25.99% |
Total Return Ranking - Trailing
Period | SARLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -22.8% | 315.4% | 29.97% |
1 Yr | N/A | -43.6% | 198.5% | 64.62% |
3 Yr | N/A* | -15.7% | 43.2% | 63.08% |
5 Yr | N/A* | -15.4% | 22.1% | 50.64% |
10 Yr | N/A* | -6.5% | 14.4% | 49.77% |
* Annualized
Total Return Ranking - Calendar
Period | SARLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -51.3% | 81.2% | 22.91% |
2022 | 41.0% | -3.9% | 24.3% | 57.58% |
2021 | -6.1% | -14.7% | 10.5% | 67.47% |
2020 | 32.8% | -0.2% | 9.4% | 32.64% |
2019 | -3.7% | -6.8% | 0.8% | 21.15% |
NAV & Total Return History
SARLX - Holdings
Concentration Analysis
SARLX | Category Low | Category High | SARLX % Rank | |
---|---|---|---|---|
Net Assets | 125 M | 2.85 M | 78.4 B | 68.91% |
Number of Holdings | 141 | 20 | 642 | 10.04% |
Net Assets in Top 10 | 67.4 M | 2.75 M | 35.2 B | 74.55% |
Weighting of Top 10 | 44.28% | 15.9% | 99.8% | 79.04% |
Top 10 Holdings
- American Tower Corp 8.61%
- Prologis Inc 6.94%
- Crown Castle International Corp 6.04%
- Equinix Inc 4.61%
- Public Storage 3.84%
- Realty Income Corp 2.94%
- Welltower OP LLC 2.94%
- Digital Realty Trust Inc 2.91%
- Simon Property Group Inc 2.75%
- SBA Communications Corp 2.71%
Asset Allocation
Weighting | Return Low | Return High | SARLX % Rank | |
---|---|---|---|---|
Stocks | 99.52% | 0.01% | 106.94% | 21.86% |
Cash | 0.48% | -98.06% | 25.84% | 78.49% |
Preferred Stocks | 0.00% | -0.12% | 33.96% | 26.16% |
Other | 0.00% | -1.70% | 94.17% | 36.20% |
Convertible Bonds | 0.00% | 0.00% | 10.95% | 18.28% |
Bonds | 0.00% | -3.17% | 97.45% | 25.45% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SARLX % Rank | |
---|---|---|---|---|
Real Estate | 100.00% | 34.46% | 100.00% | 4.92% |
Utilities | 0.00% | 0.00% | 3.55% | 14.02% |
Technology | 0.00% | 0.00% | 12.02% | 34.09% |
Industrials | 0.00% | 0.00% | 7.39% | 19.70% |
Healthcare | 0.00% | 0.00% | 0.53% | 14.39% |
Financial Services | 0.00% | 0.00% | 37.05% | 26.14% |
Energy | 0.00% | 0.00% | 33.11% | 14.77% |
Communication Services | 0.00% | 0.00% | 11.61% | 21.59% |
Consumer Defense | 0.00% | 0.00% | 0.93% | 12.88% |
Consumer Cyclical | 0.00% | 0.00% | 45.29% | 47.73% |
Basic Materials | 0.00% | 0.00% | 13.69% | 17.80% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SARLX % Rank | |
---|---|---|---|---|
US | 99.47% | 0.01% | 101.17% | 19.71% |
Non US | 0.05% | 0.00% | 44.90% | 38.71% |
SARLX - Expenses
Operational Fees
SARLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.80% | 0.07% | 26.04% | 77.17% |
Management Fee | 0.45% | 0.00% | 1.50% | 12.14% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.45% | 50.67% |
Sales Fees
SARLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
SARLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SARLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 4.00% | 0.11% | 380.00% | 2.30% |
SARLX - Distributions
Dividend Yield Analysis
SARLX | Category Low | Category High | SARLX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 12.58% | 81.43% |
Dividend Distribution Analysis
SARLX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
SARLX | Category Low | Category High | SARLX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.66% | -1.14% | 6.05% | 23.10% |
Capital Gain Distribution Analysis
SARLX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2019 | $0.577 | OrdinaryDividend |
Dec 21, 2018 | $0.407 | OrdinaryDividend |
SARLX - Fund Manager Analysis
Managers
Jed Fogdall
Start Date
Tenure
Tenure Rank
Oct 29, 2012
9.59
9.6%
Jed S. Fogdall is a Co-Head of Portfolio Management and Vice President of Dimensional and a member of Dimensional’s Investment Committee. Mr. Fogdall has an MBA from the University of California, Los Angeles and a BS from Purdue University. Mr. Fogdall joined Dimensional as a Portfolio Manager in 2004 and has been responsible for international portfolios since 2010 and domestic portfolios since 2012.
Joel Schneider
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Mr. Schneider is a Senior Portfolio Manager and Vice President of Dimensional Fund Advisors LP. Mr. Schneider holds an MBA from the University of Chicago Booth School of Business, an MS from the University of Minnesota, and a BS from Iowa State University. Mr. Schneider joined Dimensional in 2011, has been a portfolio manager since 2013.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 28.42 | 7.89 | 2.23 |