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Trending ETFs

Name

As of 03/26/2024

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

$10.54

$113 M

0.00%

0.86%

Vitals

YTD Return

-4.8%

1 yr return

9.4%

3 Yr Avg Return

0.3%

5 Yr Avg Return

2.6%

Net Assets

$113 M

Holdings in Top 10

48.4%

52 WEEK LOW AND HIGH

$10.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.86%

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 03/26/2024

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

$10.54

$113 M

0.00%

0.86%

SAREX - Profile

Distributions

  • YTD Total Return -4.8%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.44%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    SA Real Estate Securities Fund
  • Fund Family Name
    SA FUNDS INVESTMENT TRUST
  • Inception Date
    Apr 03, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jed 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 whose principal activities include ownership, management, development, construction or sale of residential, commercial or industrial real estate. The Fund will principally invest in equity securities of companies in certain real estate investment trusts (“REITs”) and companies engaged in residential construction and firms, except partnerships, whose principal business 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. The Fund invests in companies of all sizes. A company’s market capitalization is the number of its shares outstanding times its price per share. Under a market capitalization weighted approach, companies with higher market capitalizations generally represent a larger proportion of the Fund than companies with relatively lower market capitalizations. 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, trading strategies, liquidity, price momentum, and other factors that the Sub-Adviser determines to be appropriate.

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.

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SAREX - Performance

Return Ranking - Trailing

Period SAREX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.8% -12.1% 6.0% 63.92%
1 Yr 9.4% -14.5% 29.8% 65.88%
3 Yr 0.3%* -11.1% 10.5% 64.66%
5 Yr 2.6%* -11.3% 15.9% 67.25%
10 Yr 5.7%* -1.4% 15.0% 52.94%

* Annualized

Return Ranking - Calendar

Period SAREX Return Category Return Low Category Return High Rank in Category (%)
2023 7.3% -17.6% 24.6% 61.96%
2022 -30.7% -51.3% 2.7% 48.82%
2021 29.6% -7.7% 52.3% 64.26%
2020 -9.8% -42.2% 35.0% 57.02%
2019 21.5% -0.6% 43.1% 36.28%

Total Return Ranking - Trailing

Period SAREX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.8% -12.1% 6.0% 63.92%
1 Yr 9.4% -14.5% 29.8% 65.88%
3 Yr 0.3%* -11.1% 10.5% 64.66%
5 Yr 2.6%* -11.3% 15.9% 67.25%
10 Yr 5.7%* -1.4% 15.0% 52.94%

* Annualized

Total Return Ranking - Calendar

Period SAREX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -14.0% 25.0% 74.51%
2022 -25.4% -40.7% 7.8% 35.04%
2021 40.8% 7.8% 54.6% 51.81%
2020 -6.3% -36.6% 44.3% 65.53%
2019 26.9% 3.4% 46.4% 57.08%

NAV & Total Return History


SAREX - Holdings

Concentration Analysis

SAREX Category Low Category High SAREX % Rank
Net Assets 113 M 1.73 M 56.5 B 72.20%
Number of Holdings 134 18 501 9.93%
Net Assets in Top 10 63.3 M 711 K 26.1 B 70.96%
Weighting of Top 10 48.37% 15.7% 82.2% 80.88%

Top 10 Holdings

  1. Prologis Inc 9.75%
  2. American Tower Corp 8.01%
  3. Equinix Inc 5.99%
  4. Welltower Inc 3.96%
  5. Crown Castle Inc 3.96%
  6. Public Storage 3.82%
  7. Simon Property Group Inc 3.68%
  8. Realty Income Corp 3.29%
  9. Digital Realty Trust Inc 3.23%
  10. Extra Space Storage Inc 2.68%

Asset Allocation

Weighting Return Low Return High SAREX % Rank
Stocks
99.38% 0.00% 106.01% 20.59%
Cash
0.62% -42.50% 20.74% 76.84%
Preferred Stocks
0.00% 0.00% 31.13% 19.12%
Other
0.00% -89.96% 112.19% 26.84%
Convertible Bonds
0.00% 0.00% 10.95% 7.01%
Bonds
0.00% -3.17% 148.00% 18.38%

Stock Sector Breakdown

Weighting Return Low Return High SAREX % Rank
Real Estate
100.00% 34.46% 100.00% 0.78%
Utilities
0.00% 0.00% 3.55% 3.10%
Technology
0.00% 0.00% 12.02% 24.03%
Industrials
0.00% 0.00% 7.39% 8.91%
Healthcare
0.00% 0.00% 0.53% 4.26%
Financial Services
0.00% 0.00% 37.05% 15.89%
Energy
0.00% 0.00% 33.11% 3.88%
Communication Services
0.00% 0.00% 11.61% 12.79%
Consumer Defense
0.00% 0.00% 0.93% 1.55%
Consumer Cyclical
0.00% 0.00% 45.29% 41.86%
Basic Materials
0.00% 0.00% 13.69% 6.98%

Stock Geographic Breakdown

Weighting Return Low Return High SAREX % Rank
US
99.38% 0.00% 106.01% 15.44%
Non US
0.00% 0.00% 40.58% 11.76%

SAREX - Expenses

Operational Fees

SAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.07% 24.62% 73.61%
Management Fee 0.45% 0.00% 1.50% 12.13%
12b-1 Fee N/A 0.00% 1.00% 29.08%
Administrative Fee 0.10% 0.01% 0.45% 50.68%

Sales Fees

SAREX 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

SAREX 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.

SAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 4.00% 0.11% 380.00% 1.98%

SAREX - Distributions

Dividend Yield Analysis

SAREX Category Low Category High SAREX % Rank
Dividend Yield 0.00% 0.00% 13.25% 93.75%

Dividend Distribution Analysis

SAREX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Quarterly

Net Income Ratio Analysis

SAREX Category Low Category High SAREX % Rank
Net Income Ratio 1.44% -1.14% 6.05% 29.00%

Capital Gain Distribution Analysis

SAREX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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SAREX - 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 7.9 2.23