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CRREX Resource Real Estate Diversified Inc C

  • Fund
  • CRREX
  • Price as of: Jun 21, 2019
  • $10.46 - $0.16 - 1.51%
  • Category
  • Uncategorized

CRREX - Profile

Vitals

  • YTD Return 5.0%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $N/A
  • Holdings in Top 10 47.3%

52 WEEK LOW AND HIGH

$10.46
$9.77
$10.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 4.04%

SALES FEES

  • Front Load 1.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 5.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Uncategorized
  • Fund Type Closed-end mutual fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Resource Real Estate Diversified Income Fund
  • Fund Family Name Resource Real Estate
  • Inception Date Aug 01, 2014
  • Shares Outstanding 6438511
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Justin Milberg

Fund Description

N/A

CRREX - Performance

Return Ranking - Trailing

Period CRREX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -50.0% 256.1% 60.51%
1 Yr 1.5% -64.8% 256.1% 21.05%
3 Yr 2.0%* -100.0% 115.6% 39.52%
5 Yr N/A* -100.0% 58.6% N/A
10 Yr N/A* -12.1% 26.2% N/A

* Annualized


Return Ranking - Calendar

Period CRREX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.5% -100.0% 73.0% 10.81%
2017 0.4% -76.0% 212.6% 82.59%
2016 3.2% -65.0% 900.0% 51.10%
2015 -4.1% -87.3% 336.8% 49.81%
2014 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period CRREX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -50.0% 255.2% 62.70%
1 Yr 2.7% -64.8% 255.2% 15.62%
3 Yr 6.5%* -100.0% 115.6% 23.02%
5 Yr N/A* -100.0% 58.6% N/A
10 Yr N/A* -12.1% 26.3% N/A

* Annualized


Total Return Ranking - Calendar

Period CRREX Return Category Return Low Category Return High Rank in Category (%)
2018 2.4% -100.0% 76.6% 1.28%
2017 5.7% -30.7% 212.6% 64.11%
2016 9.1% -65.0% 900.0% 22.02%
2015 1.0% -87.3% 341.1% 10.17%
2014 N/A -60.1% 304.1% N/A

NAV & Total Return History

CRREX - Holdings

Concentration Analysis

CRREX Category Low Category High CRREX % Rank
Net Assets N/A 10 804 B N/A
Number of Holdings 69 1 17333 57.68%
Net Assets in Top 10 147 M -7.11 B 145 B 34.17%
Weighting of Top 10 47.33% 0.0% 20474.3% 35.73%

Top 10 Holdings

  1. Heitman Core Real Estate Debt Income Trust, Lp 8.14%

  2. Pgim Real Estate Us Debt Fund 8.08%

  3. Clarion Lion Properties Fund, Lp 5.02%

  4. Clarion Lion Industrial Trust 4.50%

  5. Clarion Ventures 4, Lp 4.35%

  6. Gwl U.S. Property Fund, Lp 4.25%

  7. Harrison Street Core Property Fund Private Reit 3.67%

  8. Blackstone Mortgage Trust Inc A 3.32%

  9. Metlife Commercial Mortgage Income Fund, Lp 3.24%

  10. Ubs Trumbull Property Fund 2.76%


Asset Allocation

Weighting Return Low Return High CRREX % Rank
Other
53.55% -7288.76% 477.52% 0.72%
Stocks
45.45% -142.98% 259.25% 60.19%
Preferred Stocks
18.61% -21.20% 80.89% 0.68%
Bonds
0.18% -955.59% 2458.15% 57.74%
Convertible Bonds
0.00% -0.37% 144.58% 87.66%
Cash
-17.79% -2458.20% 7388.76% 97.26%

Stock Sector Breakdown

Weighting Return Low Return High CRREX % Rank
Real Estate
38.99% -8.52% 100.26% 2.14%
Financial Services
1.18% -4.95% 99.69% 79.94%
Utilities
0.00% -3.80% 93.90% 93.38%
Technology
0.00% -26.81% 94.67% 96.04%
Industrials
0.00% -19.53% 92.93% 97.14%
Healthcare
0.00% -15.38% 100.00% 96.01%
Energy
0.00% -8.05% 144.83% 94.91%
Consumer Defense
0.00% -7.54% 94.21% 95.98%
Consumer Cyclical
0.00% -20.80% 87.91% 97.26%
Basic Materials
0.00% -6.34% 96.39% 95.72%
Communication Services
-0.01% -9.27% 92.00% 99.24%

Stock Geographic Breakdown

Weighting Return Low Return High CRREX % Rank
US
43.87% -142.98% 149.27% 40.42%
Non US
1.58% -38.73% 159.65% 57.37%

Bond Sector Breakdown

Weighting Return Low Return High CRREX % Rank
Corporate
18.61% -46.36% 3345.86% 20.84%
Securitized
0.18% -24.16% 264.51% 34.58%
Derivative
0.00% -407.34% 54.22% 67.66%
Municipal
0.00% 0.00% 165.37% 83.40%
Government
0.00% -3298.93% 2458.15% 84.60%
Cash & Equivalents
-17.79% -2458.20% 7388.76% 97.43%

Bond Geographic Breakdown

Weighting Return Low Return High CRREX % Rank
US
0.18% -955.59% 2458.15% 56.31%
Non US
0.00% -153.97% 392.46% 90.90%

CRREX - Expenses

Operational Fees

CRREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.04% -2.86% 950.64% 10.39%
Management Fee 1.25% 0.00% 2.87% 96.19%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.00% 52000.00% 46.96%

Sales Fees

CRREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 1.50% 0.00% 25.00% 96.08%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

CRREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.00% 2.00% 90.27%

Turnover 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.

CRREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.00% 0.00% 5067.00% 5.90%

CRREX - Distributions

Dividend Yield Analysis

CRREX Category Low Category High CRREX % Rank
Dividend Yield 0.04% 0.00% 62.61% 17.78%

Dividend Distribution Analysis

CRREX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

CRREX Category Low Category High CRREX % Rank
Net Income Ratio 2.97% -46.00% 10.88% 18.67%

Capital Gain Distribution Analysis

CRREX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

CRREX - Managers

Justin Milberg

Manager

Start Date

Tenure

Tenure Rank

Feb 01, 2017

2.33

2.3%

Justin Milberg has served as Chief Operating Officer, Resource Liquid Alternatives (a business unit of Resource America, Inc.) since November 2014. Mr. Milberg has many years experience in financial services and joined Resource America, Inc. in April of 2012 with the title of Managing Director, Resource Financial Fund Management. Prior to joining Resource America, Inc., Mr. Milberg was a Managing Director of the Financial Institutions Group at Bank of America Merrill Lynch from March 2005 until July 2011. Mr. Milberg earned a Bachelor of Arts degree in Economics from Cornell University and a Masters of Business Administration from the Wharton School of Business.


Gene Nusinzon

Manager

Start Date

Tenure

Tenure Rank

Aug 30, 2017

1.75

1.8%

Gene Nusinzon has manay years experience as a business and financial analyst and joined the Resource Real Estate on August 10, 2017. From May 2014-August 2017, Mr. Nusinzon was a Senior Equity Research Associate at J.P. Morgan Securities where he was responsible for covering net lease, office and self-storage REITs, which included building and maintaining comprehensive valuation models using discounted cash flow, net asset value, and earnings based methods. From July 2009-May 2014, Mr. Nusinzon was a Senior Credit Rating Agency Analyst at Standard & Poor’s Financial Services (“S&P”). At S&P, Mr. Nusinzon reviewed company budgets, built and maintained proprietary credit models, conducted property-level due diligence and analyzed industry trends. Mr. Nusinzon’s expertise led to him becoming group head of the Data Center, Net Lease and Sunbelt Residential REIT subsectors at S&P. Mr. Nusinzon earned his Master of Business Administration degree with a triple specialization in Finance, Accounting and Management from New York University’s Leonard N. Stern School of Business in 2009, and was a Business Analyst for Fidelity National Information Services in Malvern, Pennsylvania from October 2005-June 2008 where he advised senior management on sales forecasts and budget allocations. In addition to his Master of Business Administration degree, Mr. Nusinzon holds a Bachelor’s degree in Computer Science from Pennsylvania State University.


Tenure Analysis

Category Low

0.0

Category High

43.68

Category Average

4.78

Category Mode

4.42