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Trending ETFs

Name

As of 07/22/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.32

$29.3 M

0.00%

$0.00

0.96%

Vitals

YTD Return

-41.7%

1 yr return

5.4%

3 Yr Avg Return

4.8%

5 Yr Avg Return

4.7%

Net Assets

$29.3 M

Holdings in Top 10

19.9%

52 WEEK LOW AND HIGH

$7.2
$7.21
$12.85

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 44.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 07/22/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.32

$29.3 M

0.00%

$0.00

0.96%

VSDIX - Profile

Distributions

  • YTD Total Return -41.7%
  • 3 Yr Annualized Total Return 4.8%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.28%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Securian AM Real Asset Income Fund
  • Fund Family Name
    Liberty Street
  • Inception Date
    Sep 12, 2012
  • Shares Outstanding
    2509672
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Lowell Bolken

Fund Description

Under normal market conditions, the Fund primarily invests at least 80% of its net assets (including any borrowing for investment purposes) in “real assets” and securities of companies that derive at least 50% of their revenues from activities related to real assets. Real assets are defined broadly by the Fund to include any assets that have physical properties, such as energy and natural resources, real estate, basic materials, equipment, utilities and infrastructure, and commodities. The Fund will emphasize investments in dividend-paying equity securities, including common and preferred stocks, and securities convertible into common stocks, of mainly U.S. companies, but may also include fixed income securities of real asset companies, Treasury inflation-protected securities (“TIPs”), floating rate securities and foreign utilities, foreign infrastructure-related, and foreign real estate-related companies. The Fund’s investment in foreign securities, including securities of foreign issuers which are not U.S. dollar denominated and/or traded in the U.S., will not exceed 30% of its total assets.

Typically, the Fund’s sub-advisor concentrates its investments in, and allocates 40% or more of the Fund’s total assets to, Real Estate Securities. Real Estate Securities include securities issued by companies that receive at least 50% of their gross revenue from the construction, ownership, management, financing or sale of residential, commercial or industrial real estate and securities issued by companies primarily engaged in businesses that sell or offer products or services that are closely related to the real estate industry. Real Estate Securities also include securities issued by Real Estate Investment Trusts (“REITs”) or Real Estate Operating Companies (“REOCs”) that are listed on a securities exchange or traded over-the-counter (“Real Estate Securities”).

The Fund also may invest up to 25% of its total assets in the securities of master limited partnerships (“MLPs”). MLPs are publicly traded partnerships primarily engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. MLPs trade on national securities exchanges exactly like the shares of a corporation, without entity level taxation.

The Fund may invest in companies of any size. The sub-advisor’s investment process emphasizes fundamental research and incorporates both top-down and bottom-up considerations to identify diversified sources of real return. Top-down factors, including current and forecasted financial market conditions, global economic trends, demographic trends, and public policies ranging from monetary to fiscal to regulatory, provide much of the broader portfolio construction framework. The sub-advisor further incorporates into its top-down analysis a consideration of the prevailing financing markets conditions for pricing and availability of certain capital-intensive projects. The sub-advisor’s bottom-up analysis seeks to identify industries and companies that can flexibly adjust to investment opportunities that seek to deliver returns exceeding a company’s cost of capital. In addition, the sub-advisor’s fundamental research utilizes both quantitative and qualitative analysis to evaluate the risk/return trade-off for relative positioning by asset class, sector, and industry in an effort to build an optimal risk-adjusted portfolio. Security selection represents the sub-advisor’s final level of decision-making in its investment process. In selecting securities, the Fund’s sub-advisor considers factors such as a company’s dividend payments, financial condition, financial performance, quality of management, policies and strategies, business plans and competitive market condition, with emphasis on relative valuation.

In addition, the Fund may invest in fixed income securities of any duration or maturity (including TIPS). Duration measures the sensitivity of the price of a fixed income investment to a change in interest rates. For example, an investment with a two-year duration means that it will decrease in value by 2% if interest rates rise 1%. Conversely, the investment will increase in value by 2% if interest rates fall 1%. TIPS are fixed income securities issued by the U.S. Treasury. The value of the fixed income security’s principal is adjusted to track changes in the Consumer Price Index for all Urban Consumers before seasonal adjustment (calculated by the Bureau of Labor Statistics) (“CPI”). Because the interest rate on TIPS is fixed and is paid on the adjusted principal, interest payments will also rise with inflation and fall with deflation. Upon maturity, TIPS return the greater of the original principal or the original principal plus any inflation adjustments since the bond was issued.

The fixed income securities in which the Fund may invest include debt securities issued or guaranteed by the U.S. government or government-related entities, debt securities issued by corporations and other entities, mortgage-backed securities, and other asset-backed securities. The Fund may also invest up to 20% of its total assets in securities rated lower than investment grade or unrated securities of comparable quality as determined by the Fund’s sub-advisor (also known as “junk bonds”). In selecting fixed income investments, the sub-advisor considers factors such as, but not limited to, maturity, yield, duration, interest rates, credit quality, and diversification of portfolio holdings.

Instead of, and/or in addition to, investing directly in particular securities, the Fund may use derivative instruments, which are financial contracts whose values depend on, or are derived from, the values of underlying assets, reference rates, or indices. The derivative instruments that the Fund may use include options and futures to provide economic exposure to certain securities or issuers or as a hedging technique. The Fund may use one or more types of these instruments (i) with aggregate net notional value of up to 100% of the Fund’s net assets, or (ii) for which the initial margin and premiums do not exceed 5% of the Fund’s net assets, in each case excluding bona fide hedging transactions.

Finally, the Fund may invest in investment companies, including closed-end funds, open-end funds, exchange-traded funds (“ETFs”), exchange-traded notes (“ETNs”), and futures, and may purchase options and write covered calls to manage inflation or volatility, increase income, or gain market exposure, among other purposes. ETNs are debt obligations typically issued by investment banks that are traded on exchanges and whose returns are linked to the performance of market indices.

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VSDIX - Performance

Return Ranking - Trailing

Period VSDIX Return Category Return Low Category Return High Rank in Category (%)
YTD -41.7% -41.7% 34.1% 100.00%
1 Yr 5.4% -22.4% 16.2% 60.19%
3 Yr 4.8%* 4.8% 21.1% 100.00%
5 Yr 4.7%* 4.6% 13.2% 98.81%
10 Yr N/A* 6.3% 13.5% N/A

* Annualized

Return Ranking - Calendar

Period VSDIX Return Category Return Low Category Return High Rank in Category (%)
2023 24.6% -28.7% 35.7% 2.83%
2022 -11.8% -12.9% 28.8% 97.85%
2021 15.1% 9.9% 33.6% 93.26%
2020 -9.5% -19.8% -5.3% 25.32%
2019 2.0% 2.0% 18.0% 100.00%

Total Return Ranking - Trailing

Period VSDIX Return Category Return Low Category Return High Rank in Category (%)
YTD -41.7% -41.7% 34.1% 100.00%
1 Yr 5.4% -22.4% 95.0% 54.39%
3 Yr 4.8%* 4.8% 21.1% 100.00%
5 Yr 4.7%* 4.6% 13.2% 97.62%
10 Yr N/A* 6.3% 13.5% N/A

* Annualized

Total Return Ranking - Calendar

Period VSDIX Return Category Return Low Category Return High Rank in Category (%)
2023 24.6% -28.7% 35.7% 2.83%
2022 -11.8% -12.9% 28.8% 97.85%
2021 15.1% 9.9% 33.6% 93.26%
2020 -9.5% -19.8% -3.9% 36.71%
2019 2.0% 2.0% 22.0% 100.00%

NAV & Total Return History


VSDIX - Holdings

Concentration Analysis

VSDIX Category Low Category High VSDIX % Rank
Net Assets 29.3 M 1.76 M 8.56 B 93.69%
Number of Holdings 138 21 233 8.26%
Net Assets in Top 10 15.9 M 4.15 K 4.98 B 84.30%
Weighting of Top 10 19.91% 8.2% 81.8% 97.52%

Top 10 Holdings

  1. Prologis Inc 2.83%
  2. Simon Property Group Inc 2.49%
  3. United States Treasury Bonds 2.38% 2.09%
  4. MPLX LP Partnership Units 2.04%
  5. Public Storage 1.95%
  6. Equinix Inc 1.94%
  7. Crown Castle International Corp 1.80%
  8. Welltower Inc 1.78%
  9. Essex Property Trust Inc 1.74%
  10. United States Treasury Bonds 3.88% 1.72%

Asset Allocation

Weighting Return Low Return High VSDIX % Rank
Stocks
80.86% 80.86% 141.46% 100.00%
Bonds
9.54% 0.00% 9.54% 0.83%
Preferred Stocks
9.19% 0.00% 9.19% 0.83%
Other
0.27% -47.56% 13.60% 15.70%
Cash
0.14% -11.28% 13.91% 79.34%
Convertible Bonds
0.00% 0.00% 2.46% 23.97%

Stock Sector Breakdown

Weighting Return Low Return High VSDIX % Rank
Real Estate
62.86% 0.00% 62.86% 0.83%
Energy
18.70% 0.00% 32.46% 36.36%
Utilities
17.95% 0.00% 96.19% 89.26%
Communication Services
0.49% 0.00% 27.53% 71.90%
Technology
0.00% 0.00% 27.38% 61.16%
Industrials
0.00% 0.00% 86.81% 97.52%
Healthcare
0.00% 0.00% 6.54% 27.27%
Financial Services
0.00% 0.00% 17.28% 32.23%
Consumer Defense
0.00% 0.00% 0.99% 28.10%
Consumer Cyclical
0.00% 0.00% 10.63% 28.93%
Basic Materials
0.00% 0.00% 32.18% 41.32%

Stock Geographic Breakdown

Weighting Return Low Return High VSDIX % Rank
US
79.21% 0.00% 100.00% 10.74%
Non US
1.65% 0.00% 99.06% 95.87%

Bond Sector Breakdown

Weighting Return Low Return High VSDIX % Rank
Corporate
53.51% 0.00% 67.73% 2.73%
Government
45.78% 0.00% 63.75% 1.82%
Cash & Equivalents
0.71% 0.71% 100.00% 100.00%
Derivative
0.00% 0.00% 88.43% 21.82%
Securitized
0.00% 0.00% 0.00% 18.18%
Municipal
0.00% 0.00% 0.00% 18.18%

Bond Geographic Breakdown

Weighting Return Low Return High VSDIX % Rank
US
9.54% -1.87% 9.54% 0.83%
Non US
0.00% 0.00% 8.28% 23.97%

VSDIX - Expenses

Operational Fees

VSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.22% 2.29% 60.00%
Management Fee 0.75% 0.30% 1.25% 18.92%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% 39.04%

Sales Fees

VSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

VSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

VSDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 44.00% 13.00% 128.00% 26.97%

VSDIX - Distributions

Dividend Yield Analysis

VSDIX Category Low Category High VSDIX % Rank
Dividend Yield 0.00% 0.00% 3.93% 3.31%

Dividend Distribution Analysis

VSDIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

VSDIX Category Low Category High VSDIX % Rank
Net Income Ratio 2.28% -0.39% 4.38% 14.95%

Capital Gain Distribution Analysis

VSDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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VSDIX - Fund Manager Analysis

Managers

Lowell Bolken


Start Date

Tenure

Tenure Rank

Sep 12, 2012

9.72

9.7%

Lowell R. Bolken serves as Vice President and Portfolio Manager for Securian Asset Management, Inc. since March 2012. Mr. Bolken received a BA in Computer Science from the University of North Dakota in 1985. He earned an MBA in Real Estate and Financial Markets from Columbia University in 1989. He is a CFA charterholder and a member of the National Association of Real Estate Investment Trusts (NAREIT).

Craig Stapleton


Start Date

Tenure

Tenure Rank

Sep 12, 2012

9.72

9.7%

Craig M. Stapleton serves as Senior Vice President and Portfolio Manager for Securian Asset Management, Inc. since June 2018, previously Vice President and Portfolio Manager since December 2012, Portfolio Manager June 2012-December 2012, Associate Portfolio Manager 2010-2012, and Quantitative Research Analyst 2005-2010. He is a Chartered Financial Analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 18.18 5.95 8.08