Terra Firma US Concentrated Realty Equity Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-8.0%
1 yr return
2.8%
3 Yr Avg Return
-2.7%
5 Yr Avg Return
N/A
Net Assets
$21.4 M
Holdings in Top 10
68.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.67%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TFRIX - Profile
Distributions
- YTD Total Return -8.0%
- 3 Yr Annualized Total Return -2.7%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio -0.17%
- Dividend Yield 2.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameTerra Firma US Concentrated Realty Equity Fund
-
Fund Family NameTerra Firma Asset Management
-
Inception DateSep 26, 2011
-
Shares Outstanding379169
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJay Leupp
Fund Description
TFRIX - Performance
Return Ranking - Trailing
Period | TFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -8.0% | -14.1% | 2.4% | 61.66% |
1 Yr | 2.8% | -14.0% | 15.2% | 34.39% |
3 Yr | -2.7%* | -13.0% | 10.4% | 70.45% |
5 Yr | N/A* | -11.8% | 13.1% | 48.45% |
10 Yr | N/A* | -1.9% | 13.9% | 32.71% |
* Annualized
Return Ranking - Calendar
Period | TFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.6% | -17.6% | 24.6% | 30.83% |
2022 | -34.8% | -51.3% | 2.7% | 75.79% |
2021 | 46.4% | -7.7% | 52.3% | 2.83% |
2020 | N/A | -42.2% | 35.0% | N/A |
2019 | N/A | -0.6% | 43.1% | N/A |
Total Return Ranking - Trailing
Period | TFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -8.0% | -14.1% | 2.4% | 61.66% |
1 Yr | 2.8% | -14.0% | 15.2% | 34.39% |
3 Yr | -2.7%* | -13.0% | 10.4% | 70.45% |
5 Yr | N/A* | -11.8% | 13.1% | 43.13% |
10 Yr | N/A* | -1.9% | 13.9% | 31.34% |
* Annualized
Total Return Ranking - Calendar
Period | TFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.6% | -14.0% | 25.0% | 36.76% |
2022 | -29.7% | -40.7% | 7.8% | 92.86% |
2021 | 46.4% | 7.8% | 54.6% | 14.17% |
2020 | N/A | -36.6% | 44.3% | N/A |
2019 | N/A | 3.4% | 46.4% | N/A |
NAV & Total Return History
TFRIX - Holdings
Concentration Analysis
TFRIX | Category Low | Category High | TFRIX % Rank | |
---|---|---|---|---|
Net Assets | 21.4 M | 2.26 M | 63.6 B | 93.00% |
Number of Holdings | 18 | 18 | 513 | 99.63% |
Net Assets in Top 10 | 15.4 M | 711 K | 30.4 B | 91.85% |
Weighting of Top 10 | 68.58% | 16.9% | 82.2% | 5.93% |
Top 10 Holdings
- Extra Space Storage Inc 11.72%
- Prologis Inc 10.57%
- Public Storage 9.52%
- Equinix Inc 7.41%
- Alexandria Real Estate Equities Inc 5.51%
- US BANK MMDA - USBFS 2 4.96%
- American Tower Corp 4.74%
- Mid-America Apartment Communities Inc 4.74%
- Essex Property Trust Inc 4.70%
- AvalonBay Communities Inc 4.69%
Asset Allocation
Weighting | Return Low | Return High | TFRIX % Rank | |
---|---|---|---|---|
Stocks | 94.96% | 0.00% | 106.01% | 75.19% |
Cash | 5.04% | -42.50% | 20.74% | 11.48% |
Preferred Stocks | 0.00% | 0.00% | 31.13% | 73.33% |
Other | 0.00% | -89.96% | 112.19% | 67.41% |
Convertible Bonds | 0.00% | 0.00% | 10.95% | 69.89% |
Bonds | 0.00% | -3.17% | 148.00% | 71.11% |
Stock Sector Breakdown
Weighting | Return Low | Return High | TFRIX % Rank | |
---|---|---|---|---|
Real Estate | 97.81% | 34.46% | 100.00% | 67.97% |
Consumer Cyclical | 2.19% | 0.00% | 45.29% | 15.23% |
Utilities | 0.00% | 0.00% | 3.55% | 67.19% |
Technology | 0.00% | 0.00% | 12.02% | 78.13% |
Industrials | 0.00% | 0.00% | 7.39% | 70.70% |
Healthcare | 0.00% | 0.00% | 0.53% | 67.58% |
Financial Services | 0.00% | 0.00% | 37.05% | 71.88% |
Energy | 0.00% | 0.00% | 33.11% | 68.36% |
Communication Services | 0.00% | 0.00% | 11.61% | 70.70% |
Consumer Defense | 0.00% | 0.00% | 0.93% | 66.80% |
Basic Materials | 0.00% | 0.00% | 13.69% | 68.75% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | TFRIX % Rank | |
---|---|---|---|---|
US | 94.96% | 0.00% | 106.01% | 71.48% |
Non US | 0.00% | 0.00% | 41.39% | 71.11% |
TFRIX - Expenses
Operational Fees
TFRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.67% | 0.07% | 24.62% | 32.21% |
Management Fee | 0.75% | 0.00% | 1.50% | 58.89% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
TFRIX 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
TFRIX 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.
TFRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 20.00% | 0.11% | 380.00% | 19.12% |
TFRIX - Distributions
Dividend Yield Analysis
TFRIX | Category Low | Category High | TFRIX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.02% | 0.00% | 13.07% | 23.70% |
Dividend Distribution Analysis
TFRIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
TFRIX | Category Low | Category High | TFRIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.17% | -1.14% | 6.05% | 92.51% |
Capital Gain Distribution Analysis
TFRIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 17, 2024 | $0.028 | OrdinaryDividend |
Mar 20, 2024 | $0.028 | OrdinaryDividend |
Feb 21, 2024 | $0.028 | OrdinaryDividend |
Jan 17, 2024 | $0.027 | OrdinaryDividend |
Dec 20, 2023 | $0.298 | OrdinaryDividend |
Nov 15, 2023 | $0.027 | OrdinaryDividend |
Oct 18, 2023 | $0.027 | OrdinaryDividend |
Sep 20, 2023 | $0.026 | OrdinaryDividend |
Aug 16, 2023 | $0.025 | OrdinaryDividend |
Jul 19, 2023 | $0.025 | OrdinaryDividend |
Jun 21, 2023 | $0.025 | OrdinaryDividend |
May 17, 2023 | $0.025 | OrdinaryDividend |
Dec 15, 2022 | $1.337 | OrdinaryDividend |
TFRIX - Fund Manager Analysis
Managers
Jay Leupp
Start Date
Tenure
Tenure Rank
Dec 31, 2008
13.42
13.4%
Jay P. Leupp, a Managing Director of the Investment Manager, is a portfolio manager/analyst on the Investment Manager’s Global Real Estate Securities team. He began working in the investment field in 1994. Prior to joining Lazard Asset Management LLC in 2011, Mr. Leupp was the President and Chief Executive Officer of Alesco, which he founded in 2005.Prior to that, he served as Managing Director of Real Estate Equity Research at RBC Capital Markets (“RBC”) from 2002 to 2006. Prior to joining RBC, Leupp served as Managing Director of Real Estate Equity Research at Robertson Stephens & Co., Inc. From 1991 to 1994, he served as Vice President of the Staubach Company. Jay holds an MBA from Harvard University and a bachelor’s degree from Santa Clara University. Jay is a member of the board of directors of Chaminade College Preparatory, Los Angeles; G.W. Williams Company; and United American Bank. He is also a member of the Santa Clara University board of regents; policy board of the Fisher Center for Real Estate at the University of California, Berkeley.
Christopher Hartung
Start Date
Tenure
Tenure Rank
Sep 13, 2018
3.72
3.7%
Christopher Hartung, a Director of Lazard Asset Management LLC, is a portfolio manager/analyst on Lazard's Global Real Estate Securities team. Prior to joining Lazard in 2011, Mr. Hartung was Senior Advisor at Grubb & Ellis Alesco Global Advisors, LLC responsible for alternative investment strategies, capital markets, product development and research. He began working in the investment field in 1990.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 28.42 | 7.88 | 2.23 |