Portfolio Summary
Hazelview Alternative Real Estate Fund
Quarterly Summary of Investment Portfolio as of March 31, 2026
Net Asset Value (NAV)
$27,705,062
| Portfolio Allocation By Sector | Long (%) | Short (%) | Net (%) |
|---|---|---|---|
| Healthcare | 26.4 | -7.2 | 19.2 |
| Industrial | 21.4 | -4.8 | 16.6 |
| Data Centre | 11.5 | 0.0 | 11.5 |
| Diversified | 15.0 | -5.4 | 9.6 |
| Multifamily | 14.1 | -5.9 | 8.3 |
| Shopping Centre | 15.7 | -7.5 | 8.1 |
| Triple Net Lease | 18.6 | -11.7 | 6.9 |
| Self Storage | 11.1 | -5.0 | 6.2 |
| Office | 12.0 | -8.7 | 3.3 |
| Homebuilder | 3.1 | 0.0 | 3.1 |
| Regional Mall | 4.4 | -1.8 | 2.7 |
| Hotel | 3.2 | -5.5 | 2.6 |
| Cell Towers | 3.8 | -2.6 | 1.2 |
| Derivative | 0.3 | -0.2 | 0.2 |
| Manufactured Home | 4.3 | -4.2 | 0.1 |
| Single Family Rental | 0.4 | -4.4 | 0.0 |
| Student Housing | 0.0 | 0.0 | 0.0 |
| Cash & Other | 0.4 | 0.0 | 0.4 |
| Total | 174.8 | -74.8 | 100.0 |
| Portfolio Allocation By Region | Long (%) | Short (%) | Net (%) |
|---|---|---|---|
| United States | 147.2 | -71.8 | 75.4 |
| Canada | 12.5 | -3.0 | 9.5 |
| Germany | 4.1 | 0.0 | 4.1 |
| Ireland | 3.1 | 0.0 | 3.1 |
| Sweden | 2.9 | 0.0 | 2.9 |
| United Kingdom | 1.7 | 0.0 | 1.7 |
| Belgium | 1.5 | 0.0 | 1.5 |
| Netherlands | 1.3 | 0.0 | 1.3 |
| Switzerland | 0.0 | 0.0 | 0.0 |
| France | 0.0 | 0.0 | 0.0 |
| Cash & Other | 0.4 | 0.0 | 0.4 |
| Total | 174.8 | -74.8 | 100.0 |
| Portfolio Allocation By Asset Class | Long (%) | Short (%) | Net (%) |
|---|---|---|---|
| Common Equity | 165.1 | -74.6 | 90.5 |
| Bond | 6.4 | 0.0 | 6.4 |
| Direct | 2.5 | 0.0 | 2.5 |
| Public Derivative | 0.3 | -0.2 | 0.2 |
| Cash & Other | 0.4 | 0.0 | 0.4 |
| Total | 174.8 | -74.8 | 100.0 |
| Top 25 Investments | Asset Class | Country | Sector | % of NAV |
|---|---|---|---|---|
| Digital Realty Trust | Common Equity | United States | Data Centre | 9.7% |
| iShares US Real Estate ETF | Common Equity | United States | Diversified | 9.1% |
| Cubesmart | Common Equity | United States | Self Storage | 6.6% |
| Gaming And Leisure Properties | Common Equity | United States | Triple Net Lease | 6.2% |
| Welltower | Common Equity | United States | Healthcare | 6.0% |
| Essential Properties Realty Trust | Common Equity | United States | Triple Net Lease | 5.8% |
| Chartwell Retirement Residences | Common Equity | Canada | Healthcare | 5.0% |
| Prologis | Common Equity | United States | Industrial | 4.8% |
| Macerich | Common Equity | United States | Regional Mall | 4.4% |
| Avalonbay Communities | Common Equity | United States | Multifamily | 4.4% |
| Invitation Homes | Common Equity | United States | Single Family Rental | 4.4% |
| Sun Communities | Common Equity | United States | Manufactured Home | 4.3% |
| Broadstone Net Lease | Common Equity | United States | Triple Net Lease | 4.2% |
| LXP Industrial Trust | Common Equity | United States | Industrial | 4.2% |
| Sonida Senior Living | Common Equity | United States | Healthcare | 4.1% |
| CBRE Group Inc | Common Equity | United States | Diversified | 4.0% |
| Highwoods Properties | Common Equity | United States | Office | 3.7% |
| Ventas | Common Equity | United States | Healthcare | 3.5% |
| Brixmor Property | Common Equity | United States | Shopping Centre | 3.4% |
| SL Green Realty Corp | Common Equity | United States | Office | 3.2% |
| Equity Residential | Common Equity | United States | Multifamily | 3.2% |
| Glenveagh Properties | Common Equity | Ireland | Homebuilder | 3.1% |
| First Capital REIT | Bond | Canada | Shopping Centre | 3.0% |
| Federal Realty Investment Trust | Common Equity | United States | Shopping Centre | 3.0% |
| Eastgroup Properties | Common Equity | United States | Industrial | 2.9% |
| Top 25 Investments Asset Class Country % of NAV | Digital Realty Trust Common Equity United States 9.7% |
|---|---|
| Top 25 Investments Asset Class Country % of NAV | iShares US Real Estate ETF Common Equity United States 9.1% |
| Top 25 Investments Asset Class Country % of NAV | Cubesmart Common Equity United States 6.6% |
| Top 25 Investments Asset Class Country % of NAV | Gaming And Leisure Properties Common Equity United States 6.2% |
| Top 25 Investments Asset Class Country % of NAV | Welltower Common Equity United States 6.0% |
| Top 25 Investments Asset Class Country % of NAV | Essential Properties Realty Trust Common Equity United States 5.8% |
| Top 25 Investments Asset Class Country % of NAV | Chartwell Retirement Residences Common Equity Canada 5.0% |
| Top 25 Investments Asset Class Country % of NAV | Prologis Common Equity United States 4.8% |
| Top 25 Investments Asset Class Country % of NAV | Macerich Common Equity United States 4.4% |
| Top 25 Investments Asset Class Country % of NAV | Avalonbay Communities Common Equity United States 4.4% |
| Top 25 Investments Asset Class Country % of NAV | Invitation Homes Common Equity United States 4.4% |
| Top 25 Investments Asset Class Country % of NAV | Sun Communities Common Equity United States 4.3% |
| Top 25 Investments Asset Class Country % of NAV | Broadstone Net Lease Common Equity United States 4.2% |
| Top 25 Investments Asset Class Country % of NAV | LXP Industrial Trust Common Equity United States 4.2% |
| Top 25 Investments Asset Class Country % of NAV | Sonida Senior Living Common Equity United States 4.1% |
| Top 25 Investments Asset Class Country % of NAV | CBRE Group Inc Common Equity United States 4.0% |
| Top 25 Investments Asset Class Country % of NAV | Highwoods Properties Common Equity United States 3.7% |
| Top 25 Investments Asset Class Country % of NAV | Ventas Common Equity United States 3.5% |
| Top 25 Investments Asset Class Country % of NAV | Brixmor Property Common Equity United States 3.4% |
| Top 25 Investments Asset Class Country % of NAV | SL Green Realty Corp Common Equity United States 3.2% |
| Top 25 Investments Asset Class Country % of NAV | Equity Residential Common Equity United States 3.2% |
| Top 25 Investments Asset Class Country % of NAV | Glenveagh Properties Common Equity Ireland 3.1% |
| Top 25 Investments Asset Class Country % of NAV | First Capital REIT 4.76% 02/15/2035 Bond Canada 3.0% |
| Top 25 Investments Asset Class Country % of NAV | Federal Realty Investment Trust Common Equity United States 3.0% |
| Top 25 Investments Asset Class Country % of NAV | Eastgroup Properties Common Equity United States 2.9% |
* The Summary of Investment Portfolio may change due to ongoing portfolio transactions of the Fund and a quarterly update is available. All holdings shown are long-only positions.
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.