Portfolio Summary
Hazelview Alternative Real Estate Fund
Quarterly Summary of Investment Portfolio as of March 31, 2025
Net Asset Value (NAV)
$9,639,498
| Portfolio Allocation By Sector | Long (%) | Short (%) | Net (%) |
|---|---|---|---|
| Healthcare | 20.6 | -3.9 | 16.7 |
| Industrial | 25.5 | -10.4 | 15.1 |
| Office | 21.0 | -8.1 | 12.9 |
| Multifamily | 14.3 | -4.2 | 10.1 |
| Data Centre | 6.2 | 0.0 | 6.2 |
| Home Builder | 5.5 | 0.0 | 5.5 |
| Triple Net Lease | 7.6 | -2.6 | 5.0 |
| Self Storage | 8.2 | -3.3 | 4.9 |
| Diversified | 10.9 | -6.3 | 4.6 |
| Single Family Rental | 7.9 | -3.9 | 4.0 |
| Shopping Centre | 12.9 | -9.5 | 3.4 |
| Cell Towers | 5.3 | -2.6 | 2.7 |
| Manufactured Home | 2.6 | -1.0 | 1.5 |
| Hotel | 8.9 | -7.4 | 1.5 |
| Regional Mall | 4.3 | -3.3 | 1.0 |
| Student Housing | 0.6 | -0.6 | 0.0 |
| Derivative | 0.0 | 0.0 | 0.0 |
| Cash & Other | 5.1 | 0.0 | 5.1 |
| Total | 167.3 | -67.13 | 100.0 |
| Portfolio Allocation By Region | Long (%) | Short (%) | Net (%) |
|---|---|---|---|
| United States | 117.3 | -55.1 | 62.2 |
| Germany | 9.8 | -0.6 | 9.1 |
| United Kingdom | 9.2 | -0.6 | 8.6 |
| Canada | 13.0 | -5.5 | 7.5 |
| Japan | 4.8 | 0.0 | 4.8 |
| Netherlands | 2.5 | -0.6 | 1.9 |
| Ireland | 1.2 | 0.0 | 1.2 |
| Hong Kong | 1.0 | 0.0 | 1.0 |
| France | 1.2 | -0.6 | 0.6 |
| Belgium | 1.7 | -1.2 | 0.5 |
| Sweden | 0.6 | -1.8 | -1.2 |
| Switzerland | 0.0 | -1.3 | -1.3 |
| Cash & Other | 5.1 | 0.0 | 5.1 |
| Total | 167.3 | -67.3 | 100.0 |
| Portfolio Allocation By Asset Class | Long (%) | Short (%) | Net (%) |
|---|---|---|---|
| Common Equity | 150.3 | -67.3 | 83.0 |
| Bond | 7.7 | 0.0 | 7.7 |
| Preferred Shares | 4.2 | 0.0 | 4.2 |
| Public Derivative | 0.0 | 0.0 | 0.0 |
| Cash & Other | 5.1 | 0.0 | 5.1 |
| Total | 167.3 | -67.3 | 100.0 |
| Description | Asset Class | Country | Sector | % of NAV |
|---|---|---|---|---|
| Invitation Homes | Common Equity | United States | Single Family Rental | 7.9 |
| First Industrial Realty Trust | Common Equity | United States | Industrial | 7.5 |
| Public Storage | Common Equity | United States | Self Storage | 6.3 |
| Prologis | Common Equity | United States | Industrial | 6.3 |
| Sienna Senior Living | Common Equity | Canada | Healthcare | 5.8 |
| Regency Centers Corp | Common Equity | United States | Shopping Centre | 5.5 |
| Vonovia | Common Equity | Germany | Multifamily | 5.1 |
| Sonida Senior Living | Common Equity | United States | Healthcare | 5.1 |
| KSLK Trust Corp (2nd Loan) | Bond | Germany | Diversified | 4.6 |
| Camden Property Trust | Common Equity | United States | Multifamily | 4.4 |
| Digital Realty Trust | Common Equity | United States | Data Centre | 4.4 |
| Vornado Realty Trust Series N Pfd | Preferred Shares | United States | Office | 4.2 |
| Brixmor Property | Common Equity | United States | Shopping Centre | 3.9 |
| Simon Property Group | Common Equity | United States | Regional Mall | 3.9 |
| Barratt Redrow Plc | Common Equity | United Kingdom | Homebuilder | 3.7 |
| Mitsui Fudosan Co - ADR | Common Equity | Japan | Office | 3.3 |
| Allied Properties REIT 3.095% 02/06/2032 | Bond | Canada | Office | 3.1 |
| Agree Realty Corp | Common Equity | United States | Triple Net Lease | 2.8 |
| American Tower Corporation | Common Equity | United States | Cell Towers | 2.7 |
| Highwoods Properties | Common Equity | United States | Office | 2.7 |
| Crown Castle International Corp | Common Equity | United States | Cell Towers | 2.6 |
| Omega Healthcare Investors | Common Equity | United States | Healthcare | 2.6 |
Equity Lifestyle Properties | Common Equity | United States | Manufactured Home | 2.6 |
| Americold Realty Trust | Common Equity | United States | Industrial | 2.5 |
Hilton Worldwide Holdings | Common Equity | United States | Hotel | 2.5 |
| Top 25 Investments Asset Class Country % of NAV | Invitation Homes Common Equity United States 7.9 |
|---|---|
| Top 25 Investments Asset Class Country % of NAV | First Industrial Realty Trust Common Equity United States 7.5 |
| Top 25 Investments Asset Class Country % of NAV | Public Storage Common Equity United States 6.3 |
| Top 25 Investments Asset Class Country % of NAV | Prologis Common Equity United States 6.3 |
| Top 25 Investments Asset Class Country % of NAV | Sienna Senior Living Common Equity Canada 5.8 |
| Top 25 Investments Asset Class Country % of NAV | Regency Centers Corp Common Equity United States 5.5 |
| Top 25 Investments Asset Class Country % of NAV | Vonovia Common Equity Germany 5.1 |
| Top 25 Investments Asset Class Country % of NAV | Sonida Senior Living Common Equity United States 5.1 |
| Top 25 Investments Asset Class Country % of NAV | KSLK Trust Corp. (2nd Loan) Bond Germany 4.6 |
| Top 25 Investments Asset Class Country % of NAV | Camden Property Trust Common Equity United States 4.4 |
| Top 25 Investments Asset Class Country % of NAV | Digital Realty Trust Common Equity United States 4.4 |
| Top 25 Investments Asset Class Country % of NAV | Vornado Realty Trust Series N Pfd Preferred Shares United States 4.2 |
| Top 25 Investments Asset Class Country % of NAV | Brixmor Property Common Equity United States 3.9 |
| Top 25 Investments Asset Class Country % of NAV | Simon Property Group Common Equity United States 3.9 |
| Top 25 Investments Asset Class Country % of NAV | Barratt Redrow Plc Common Equity United Kingdom 3.7 |
| Top 25 Investments Asset Class Country % of NAV | Mitsui Fudosan Co. - ADR Common Equity Japan 3.3 |
| Top 25 Investments Asset Class Country % of NAV | Allied Properties REIT 3.095% 02/06/2032 Bond Canada 3.1 |
| Top 25 Investments Asset Class Country % of NAV | Agree Realty Corp Common Equity United States 2.8 |
| Top 25 Investments Asset Class Country % of NAV | American Tower Corporation Common Equity United States 2.7 |
| Top 25 Investments Asset Class Country % of NAV | Highwoods Properties Common Equity United States 2.7 |
| Top 25 Investments Asset Class Country % of NAV | Crown Castle International Corp Common Equity United States 2.6 |
| Top 25 Investments Asset Class Country % of NAV | Omega Healthcare investors Common Equity United States 2.6 |
| Top 25 Investments Asset Class Country % of NAV | Equity Lifestyle Properties Common Equity United States 2.6 |
| Top 25 Investments Asset Class Country % of NAV | Americold Realty Trust Common Equity United States 2.5 |
| Top 25 Investments Asset Class Country % of NAV | Hilton Worldwide Holdings Common Equity United States 2.5 |
* The Summary of Investment Portfolio may change due to ongoing portfolio transactions of the Fund and a quarterly update is available.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The Summary of Investment Portfolio may change due to ongoing portfolio transactions of the Fund. These materials are not to be distributed, reproduced or communicated to a third party without the express prior written consent of Hazelview Securities Inc.