USQ Core Real Estate Fund
Name
As of 10/31/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-4.7%
1 yr return
-9.4%
3 Yr Avg Return
-2.5%
5 Yr Avg Return
1.0%
Net Assets
$140 M
Holdings in Top 10
69.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.31%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.13%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$25,000
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 10/31/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
USQIX - Profile
Distributions
- YTD Total Return -4.7%
- 3 Yr Annualized Total Return -2.5%
- 5 Yr Annualized Total Return 1.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.79%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameUSQ Core Real Estate Fund
-
Fund Family NameUnion Square Capital Partners
-
Inception DateSep 29, 2017
-
Shares Outstanding6801464
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Miller
Fund Description
USQIX - Performance
Return Ranking - Trailing
Period | USQIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.7% | -8.7% | 22.6% | 96.75% |
1 Yr | -9.4% | -9.5% | 45.1% | 100.00% |
3 Yr | -2.5%* | -13.3% | 5.1% | 87.70% |
5 Yr | 1.0%* | -12.3% | 14.2% | 90.43% |
10 Yr | N/A* | -2.4% | 14.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | USQIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -16.2% | -16.2% | 24.6% | 100.00% |
2022 | 1.6% | -51.3% | 2.5% | 2.46% |
2021 | 14.8% | -7.7% | 52.3% | 88.89% |
2020 | -3.7% | -42.2% | 35.0% | 12.61% |
2019 | 0.0% | 0.0% | 43.1% | 99.55% |
Total Return Ranking - Trailing
Period | USQIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.7% | -8.7% | 22.6% | 96.75% |
1 Yr | -9.4% | -9.5% | 45.1% | 100.00% |
3 Yr | -2.5%* | -13.3% | 5.1% | 87.70% |
5 Yr | 1.0%* | -12.3% | 14.2% | 90.43% |
10 Yr | N/A* | -2.4% | 14.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | USQIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -12.7% | -13.7% | 25.0% | 99.59% |
2022 | 5.8% | -40.7% | 7.8% | 2.46% |
2021 | 19.5% | 7.8% | 54.6% | 91.36% |
2020 | -0.8% | -36.6% | 44.3% | 13.04% |
2019 | 4.1% | 4.1% | 46.4% | 99.55% |
NAV & Total Return History
USQIX - Holdings
Concentration Analysis
USQIX | Category Low | Category High | USQIX % Rank | |
---|---|---|---|---|
Net Assets | 140 M | 1.39 M | 61.4 B | 71.55% |
Number of Holdings | 26 | 22 | 519 | 97.56% |
Net Assets in Top 10 | 98 M | 1.29 M | 32.8 B | 62.20% |
Weighting of Top 10 | 69.83% | 13.2% | 90.0% | 4.47% |
Top 10 Holdings
- CBRE U.S. CORE PARTNERS, LP 12.47%
- MADISON CORE PROPERTY FUND LP 10.34%
- CLARION LION PROPERTIES FUND, LP 9.28%
- TA REALTY CORE PROPERTY FUND, LP 5.83%
- STRATEGIC PROPERTY FUND 5.58%
- SMART MARKETS FUND, L.P. 5.51%
- BAILARD REAL ESTATE INVESTMENT TRUST, INC. 5.33%
- GWL USPF LP 5.33%
- CIM UII ONSHORE, L.P. 5.24%
- PRISA LP 4.93%
Asset Allocation
Weighting | Return Low | Return High | USQIX % Rank | |
---|---|---|---|---|
Other | 104.09% | -89.90% | 104.09% | 0.41% |
Cash | 0.49% | -42.50% | 24.34% | 78.46% |
Stocks | 0.00% | 0.00% | 105.52% | 97.97% |
Preferred Stocks | 0.00% | 0.00% | 31.13% | 56.10% |
Convertible Bonds | 0.00% | 0.00% | 10.95% | 51.43% |
Bonds | 0.00% | 0.00% | 155.83% | 54.07% |
USQIX - Expenses
Operational Fees
USQIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.31% | 0.07% | 8.91% | 41.56% |
Management Fee | 0.65% | 0.00% | 1.50% | 30.49% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
USQIX 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
USQIX 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.
USQIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 0.13% | 0.11% | 380.00% | 1.32% |
USQIX - Distributions
Dividend Yield Analysis
USQIX | Category Low | Category High | USQIX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.04% | 0.00% | 13.03% | 90.65% |
Dividend Distribution Analysis
USQIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
USQIX | Category Low | Category High | USQIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.79% | -1.14% | 6.05% | 99.18% |
Capital Gain Distribution Analysis
USQIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 13, 2024 | $0.225 | OrdinaryDividend |
Jun 14, 2024 | $0.230 | OrdinaryDividend |
Mar 15, 2024 | $0.235 | OrdinaryDividend |
Dec 15, 2023 | $0.250 | ReturnOfCapital |
Sep 15, 2023 | $0.261 | OrdinaryDividend |
Jun 16, 2023 | $0.275 | OrdinaryDividend |
Mar 17, 2023 | $0.282 | OrdinaryDividend |
Dec 16, 2022 | $0.295 | OrdinaryDividend |
Sep 16, 2022 | $0.309 | OrdinaryDividend |
Jun 17, 2022 | $0.309 | OrdinaryDividend |
Mar 18, 2022 | $0.296 | OrdinaryDividend |
Dec 17, 2021 | $0.280 | OrdinaryDividend |
Sep 17, 2021 | $0.265 | OrdinaryDividend |
Jun 18, 2021 | $0.253 | OrdinaryDividend |
Mar 19, 2021 | $0.249 | OrdinaryDividend |
Sep 18, 2020 | $0.249 | OrdinaryDividend |
Jun 19, 2020 | $0.250 | OrdinaryDividend |
Mar 20, 2020 | $0.260 | OrdinaryDividend |
Dec 20, 2019 | $0.260 | OrdinaryDividend |
Sep 20, 2019 | $0.260 | OrdinaryDividend |
Jun 21, 2019 | $0.260 | OrdinaryDividend |
Mar 22, 2019 | $0.259 | OrdinaryDividend |
Dec 19, 2018 | $0.259 | OrdinaryDividend |
Sep 21, 2018 | $0.257 | OrdinaryDividend |
Jun 22, 2018 | $0.255 | OrdinaryDividend |
Mar 23, 2018 | $0.250 | OrdinaryDividend |
Dec 19, 2017 | $0.320 | OrdinaryDividend |
USQIX - Fund Manager Analysis
Managers
Thomas Miller
Start Date
Tenure
Tenure Rank
Sep 27, 2017
4.68
4.7%
Mr. Miller serves as the Chief Investment Officer of the Adviser, a position he has held since inception of the Adviser. Previously, Mr. Miller was Head of Manager Research at Nationwide Investment Management Group where he was responsible for the oversight and implementation of the Quantitative Research, Qualitative Review, Risk Analysis, and Monitoring process for the Nationwide Funds. Mr. Miller's responsibilities included the selection, monitoring, and de-selection of the investment managers utilized across multiple platforms. Prior to leading the Manager Strategies team, Mr. Miller was an Associate Vice President, Product Management and Research at Nationwide Investment Management Group. In that role, he was responsible for the day to day management of the Product Management team, which oversees products that support Nationwide Financial's retirement, annuity, life insurance and retail mutual fund businesses. Prior to joining Nationwide, Mr. Miller was a financial analyst at The Vanguard Group Inc. and a product manager at Delaware Investments. Prior to Delaware Investments, Mr. Miller was a Consultant, Product Management and Research at Nationwide Investment Management Group. Mr. Miller holds a Bachelor's degree in Business from the Pennsylvania State University, and an MBA from West Chester University. He also holds the Chartered Financial Analyst Designation (CFA).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 28.42 | 8.3 | 2.68 |