Investment Opportunities
Hazelview
Global Real Estate Fund
Overview
Our Global Real Estate Fund (the “Fund”) will provide Unitholders with exposure to the global real estate market by owning a diversified portfolio of dividend-paying real estate securities in developed markets from around the world.
The Fund’s investment objectives are to provide Unitholders with monthly distributions and preserve capital while providing the opportunity for long-term capital appreciation.
Investment Approach
The Fund will invest in companies that own stabilized properties with long-term leases to good credit tenants. Through active management, we will look to maximize income and total return by taking advantage of pricing inefficiencies in the global real estate markets. The Fund will preserve capital by diversifying the portfolio across property type, geography and security type.
The Manager believes that the global real estate securities market is inefficient relative to the global direct real estate market and the Fund’s investment strategy is designed to capitalize on these inefficiencies in order to deliver a stable income stream to investors, while reducing portfolio volatility and preserving capital.
Key Facts
| Fund Codes | Series A - TBR 201 Series F - TBR 203 Series T6.5 - TBR 211 Series FT6.5 - TBR 213 Series F85 - TBR 213 Series F85T6.5 - TBR 214 |
|---|---|
| Inception Date | 19-Jun-15 |
| AUM | $103,907,232* |
| Management Fee | Series A - 1.90% Series F - 0.90% Series T6.5 - 1.90% Series FT6.5 - 0.90% Series F85 - 0.85% Series F85T6.5 - 0.85% |
| Fund Manager | Hazelview Securities |
| Distributions | Monthly |
| Minimum Investment | $500 initially, $100 subsequent |
| RRSP Eligible | Yes |
*As at December 31, 2023
Global Real Estate Securities investments are managed by Hazelview Securities.
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 past performance may not be repeated.
Net Asset Value/Unit
Series A Units
$6.71
(As of April 24, 2024)
Series F Units
$7.23
(As of April 24, 2024)
Series A Distribution History
2023
| Record Date | Monthly Dividend |
|---|---|
| December 29, 2023 | $0.0442 |
| November 30, 2023 | $0.0442 |
| October 31, 2023 | $0.0442 |
| September 29, 2023 | $0.0442 |
| August 31, 2023 | $0.0442 |
| July 31, 2023 | $0.0442 |
| June 30, 2023 | $0.0442 |
| May 31, 2023 | $0.0442 |
| April 28, 2023 | $0.0442 |
| March 31, 2023 | $0.0442 |
| February 28, 2023 | $0.0442 |
| January 31, 2023 | $0.0442 |
2022
| Record Date | Monthly Dividend |
|---|---|
| December 30, 2022 | $0.0442 |
| November 30, 2022 | $0.0442 |
| October 31, 2022 | $0.0442 |
| September 30, 2022 | $0.0442 |
| August 31, 2022 | $0.0442 |
| July 29, 2022 | $0.0442 |
| June 30, 2022 | $0.0442 |
| May 31, 2022 | $0.0442 |
| April 29, 2022 | $0.0442 |
| March 31, 2022 | $0.0442 |
| February 28, 2022 | $0.0442 |
| January 31, 2022 | $0.0442 |
2021
| Record Date | Monthly Dividend |
|---|---|
| December 31, 2021 | $0.0442 |
| November 30, 2021 | $0.0442 |
| October 29, 2021 | $0.0442 |
| September 30, 2021 | $0.0442 |
| August 31, 2021 | $0.0442 |
| July 30, 2021 | $0.0442 |
| June 30, 2021 | $0.0442 |
| May 31, 2021 | $0.0442 |
| April 30, 2021 | $0.0442 |
| March 31, 2021 | $0.0442 |
| February 26, 2021 | $0.0442 |
| January 29, 2021 | $0.0442 |
2020
| Record Date | Monthly Dividend |
|---|---|
| December 31, 2020 | $0.0400 |
| November 30, 2020 | $0.0400 |
| October 31, 2020 | $0.0400 |
| September 30, 2020 | $0.0400 |
| August 31, 2020 | $0.0400 |
| July 31, 2020 | $0.0400 |
| June 30, 2020 | $0.0400 |
| May 29, 2020 | $0.0400 |
| April 30, 2020 | $0.0400 |
| March 31, 2020 | $0.0400 |
| February 28, 2020 | $0.0400 |
| January 31, 2020 | $0.0400 |
2019
| Record Date | Monthly Dividend |
|---|---|
| December 31, 2019 | $0.0400 |
| November 29, 2019 | $0.0400 |
| October 31, 2019 | $0.0400 |
| September 30, 2019 | $0.0400 |
| August 30, 2019 | $0.0400 |
| July 31, 2019 | $0.0400 |
| June 28, 2019 | $0.0400 |
| May 31, 2019 | $0.0400 |
| April 30, 2019 | $0.0400 |
| March 29, 2019 | $0.0400 |
| February 28, 2019 | $0.0400 |
| January 31, 2019 | $0.0400 |
2018
| Record Date | Monthly Dividend |
|---|---|
| December 31, 2018 | $0.0400 |
| November 30, 2018 | $0.0400 |
| October 31, 2018 | $0.0400 |
| September 28, 2018 | $0.0400 |
| August 31, 2018 | $0.0400 |
| July 31, 2018 | $0.0400 |
| June 29, 2018 | $0.0400 |
| May 31, 2018 | $0.0400 |
| April 30, 2018 | $0.0400 |
| March 29, 2018 | $0.0400 |
| February 28, 2018 | $0.0400 |
| January 31, 2018 | $0.0400 |
Series F Distribution History
2023
| Record Date | Monthly Dividend |
|---|---|
| December 29, 2023 | $0.0450 |
| November 30, 2023 | $0.0450 |
| October 31, 2023 | $0.0450 |
| September 29, 2023 | $0.0450 |
| August 31, 2023 | $0.0450 |
| July 31, 2023 | $0.0450 |
| June 30, 2023 | $0.0450 |
| May 31, 2023 | $0.0450 |
| April 28, 2023 | $0.0450 |
| March 31, 2023 | $0.0450 |
| February 28, 2023 | $0.0450 |
| January 31, 2023 | $0.0450 |
2022
| Record Date | Monthly Dividend |
|---|---|
| December 30, 2022 | $0.0450 |
| November 30, 2022 | $0.0450 |
| October 31, 2022 | $0.0450 |
| September 30, 2022 | $0.0450 |
| August 31, 2022 | $0.0450 |
| July 29, 2022 | $0.0450 |
| June 30, 2022 | $0.0450 |
| May 31, 2022 | $0.0450 |
| April 29, 2022 | $0.0450 |
| March 31, 2022 | $0.0450 |
| February 28, 2022 | $0.0450 |
| January 31, 2022 | $0.0450 |
2021
| Record Date | Monthly Dividend |
|---|---|
| December 31, 2021 | $0.0450 |
| November 30, 2021 | $0.0450 |
| October 29, 2021 | $0.0450 |
| September 30, 2021 | $0.0450 |
| August 31, 2021 | $0.0450 |
| July 30, 2021 | $0.0450 |
| June 30, 2021 | $0.0450 |
| May 31, 2021 | $0.0450 |
| April 30, 2021 | $0.0450 |
| March 31, 2021 | $0.0450 |
| February 26, 2021 | $0.0450 |
| January 29, 2021 | $0.0450 |
2020
| Record Date | Monthly Dividend |
|---|---|
| December 31, 2020 | $0.0400 |
| November 30, 2020 | $0.0400 |
| October 31, 2020 | $0.0400 |
| September 30, 2020 | $0.0400 |
| July 31, 2020 | $0.0400 |
| August 31, 2020 | $0.0400 |
| May 29, 2020 | $0.0400 |
| June 30, 2020 | $0.0400 |
| April 30, 2020 | $0.0400 |
| March 31, 2020 | $0.0400 |
| February 28, 2020 | $0.0400 |
| January 31, 2020 | $0.0400 |
2019
| Record Date | Monthly Dividend |
|---|---|
| December 31, 2019 | $0.0400 |
| November 29, 2019 | $0.0400 |
| October 31, 2019 | $0.0400 |
| September 30, 2019 | $0.0400 |
| August 30, 2019 | $0.0400 |
| July 31, 2019 | $0.0400 |
| June 28, 2019 | $0.0400 |
| May 31, 2019 | $0.0400 |
| April 30, 2019 | $0.0400 |
| March 29, 2019 | $0.0400 |
| February 28, 2019 | $0.0400 |
| January 31, 2019 | $0.0400 |
2018
| Record Date | Monthly Dividend |
|---|---|
| December 31, 2018 | $0.0400 |
| November 30, 2018 | $0.0400 |
| October 31, 2018 | $0.0400 |
| August 31, 2018 | $0.0400 |
| August 31, 2018 | $0.0400 |
| July 31, 2018 | $0.0400 |
| June 29, 2018 | $0.0400 |
| May 31, 2018 | $0.0400 |
| March 29, 2018 | $0.0400 |
| April 30, 2018 | $0.0400 |
| February 28, 2018 | $0.0400 |
| January 31, 2018 | $0.0400 |
Manager Commentary
Quarterly Highlights - First Quarter, 2024
- We continue to believe REITs are cheap relative to public equities, private real estate and historical valuations. Case in point, on April 8th, Blackstone agreed to acquire Apartment Income REIT (Ticker Symbol: AIRC) for $10 billion in an all-cash deal for $39.12 per share, representing a 25% premium to the company’s closing share price of $31.35 on April 5th.
The returns are based on Class F units, net return.