General
AUM Details
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Rates of return gross of fees
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Description |
The Dynamic Focus+ Real Estate Fund seeks to achieve long-term capital appreciation primarily through investment in a diversified portfolio of equity and debt securities of businesses around the world with potential for increased value as a result of ownership, management or other investment in real estate assets. The Fund may also invest in businesses which are related to the real estate industry.
The portfolio manager adheres to a focused investment philosophy, which emphasizes business perspective investing and is characteriszed by a suitably diversified portfolio of businesses generally held for the long term in order to achieve tax efficiency. Businesses are purchased when they trade at discounts to the portfolio advisor's assessments of intrinsic value. Selected businesses generally exhibit some of the following attributes: a track record of business success; a capable management team with a demonstrated commitment to shareholder interests; an ability to generate cash flow; strong financial characteristics.
Investment Process |
The Dynamic Focus+ Real Estate Fund seeks to achieve long-term capital appreciation primarily through investment in a diversified portfolio of equity and debt securities of businesses around the world with potential for increased value as a result of ownership, management or other investment in real estate assets. The Fund may also invest in businesses which are related to the real estate industry.
The portfolio manager adheres to a focused investment philosophy, which emphasizes business perspective investing and is characteriszed by a suitably diversified portfolio of businesses generally held for the long term in order to achieve tax efficiency. Businesses are purchased when they trade at discounts to the portfolio advisor's assessments of intrinsic value. Selected businesses generally exhibit some of the following attributes: a track record of business success; a capable management team with a demonstrated commitment to shareholder interests; an ability to generate cash flow; strong financial characteristics.
In the security selection process the manager employs a top-down approach, supplemented with bottom-up fundamental analysis. Geographic location and sector allocation are the two key elements in the top-down approach. Management's vision, asset quality and key financial ratios such as net asset value, price/cash-flow, price/AFFO, PEG ratio and others are important in the bottom-up approach.
Securities are sold when a material or fundamental change has occurred with respect to the underlying business.
The manager employs in-house research as part of our due diligence process. This is achieved through a dedicated and experienced analytical team with backgrounds in the real estate industry.
Fees |
| Series I units | |||
| Minimum Investment $1M | |||
| On the first $10 Million | 0.90% | ||
| On the next $40 Million | 0.80% | ||
| On the next $50 Million | 0.70% | ||
| Over $100 Million | 0.60% | ||
| Separate Account (sub-advisory) | |||
| Minimum Investment $10M | |||
| On the first $50 Million | 0.50% | ||
| On the next $50 Million | 0.35% | ||
| On the next $150 Million | 0.25% | ||
| Over $250 Million | 0.21% | ||
HNW Fees |
| Series I units | |||
| Minimum Investment $1M | |||
| On the first $10 Million | 0.90% | ||
| On the next $40 Million | 0.80% | ||
| On the next $50 Million | 0.70% | ||
| Over $100 Million | 0.60% | ||
| Separate Account (sub-advisory) | |||
| Minimum Investment $10M | |||
| On the first $50 Million | 0.50% | ||
| On the next $50 Million | 0.35% | ||
| On the next $150 Million | 0.25% | ||
| Over $250 Million | 0.21% | ||
Graphs |
Risk Return |
Rolling 4 years graph |
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Calculated based on 20 quarters ending 2010-06-30 |
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Value of $1 |
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