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Portfolio Summary

Global Real Estate Fund

Monthly Summary of Investment Portfolio as of May 31, 2026

Net Asset Value (NAV)

$86,602,973

Portfolio Allocation
By Country
% of NAV
United States54.2
Australia6.0
Japan5.7
Canada5.5
Germany5.1
Hong Kong3.7
Ireland2.0
United Kingdom1.9
Netherlands1.7
Spain1.7
Singapore1.6
Belgium1.3
Cash and Cash Eqv1.0
Portfolio Allocation
By Sector
% of NAV
Industrial17.4
Technology REITs14.9
Healthcare13.0
Multifamily10.1
Diversified8.3
Specialty / Triple Net Lease5.7
Office5.0
Self Storage4.6
Hotel3.5
Shopping Centre2.6
Regional Mall2.6
Single Family Rental / MHC1.7
Homebuilder1.1
Cash and Cash Eqv1.0
Portfolio Allocation
By Asset Class
% of NAV
Common Equity91.7
Direct4.7
Fixed Income2.6
Cash1.0
Top 25 InvestmentsAsset ClassCountry% of NAV
Hazelview Alternative Global Real Estate FundCommon EquityCanada8.6%
PrologisCommon EquityUnited States6.4%
WelltowerCommon EquityUnited States6.1%
EquinixCommon EquityUnited States6.1%
Goodman GroupCommon EquityAustralia4.3%
Digital Realty TrustCommon EquityUnited States3.7%
CubesmartCommon EquityUnited States3.4%
Equity ResidentialCommon EquityUnited States2.9%
KSLK Trust Corp (2nd Loan)BondGermany2.6%
Federal Realty Investment TrustCommon EquityUnited States2.6%
SUNeVision Holdings LimitedCommon EquityHong Kong2.6%
Mitsui Fudosan CoCommon EquityJapan2.6%
Simon Property GroupCommon EquityUnited States2.6%
VonoviaCommon EquityGermany2.5%
Host Hotels & ResortsCommon EquityUnited States2.5%
UDRCommon EquityUnited States2.3%
Canadian Multifamily Portfolio - NorthviewDirectCanada2.3%
Sonida Senior LivingCommon EquityUnited States2.2%
American Healthcare REITCommon EquityUnited States2.2%
Tokyu FudosanCommon EquityJapan2.1%
Essential Properties Realty TrustCommon EquityUnited States1.9%
Gaming And Leisure PropertiesCommon EquityUnited States1.9%
Broadstone Net LeaseCommon EquityUnited States1.9%
Tritax Big Box REITCommon EquityUnited Kingdom1.9%
Chartwell Retirement ResidencesCommon EquityCanada1.7%
Top 25 Investments
Asset Class
Country
% of NAV
Hazelview Alternative Global Real Estate Fund
Common Equity
Canada
8.6%
Top 25 Investments
Asset Class
Country
% of NAV
Prologis
Common Equity
United States
6.4%
Top 25 Investments
Asset Class
Country
% of NAV
Welltower
Common Equity
United States
6.1%
Top 25 Investments
Asset Class
Country
% of NAV
Equinix
Common Equity
United States
6.1%
Top 25 Investments
Asset Class
Country
% of NAV
Goodman Group
Common Equity
Australia
4.3%
Top 25 Investments
Asset Class
Country
% of NAV
Digital Realty Trust
Common Equity
United States
3.7%
Top 25 Investments
Asset Class
Country
% of NAV
Cubesmart
Common Equity
United States
3.4%
Top 25 Investments
Asset Class
Country
% of NAV
Equity Residential
Common Equity
United States
2.9%
Top 25 Investments
Asset Class
Country
% of NAV
KSLK Trust Corp (2nd Loan)
Bond
Germany
2.6%
Top 25 Investments
Asset Class
Country
% of NAV
Federal Realty Investment Trust
Common Equity
United States
2.6%
Top 25 Investments
Asset Class
Country
% of NAV
SUNeVision Holdings Limited
Common Equity
Hong Kong
2.6%
Top 25 Investments
Asset Class
Country
% of NAV
Mitsui Fudosan Co
Common Equity
Japan
2.6%
Top 25 Investments
Asset Class
Country
% of NAV
Simon Property Group
Common Equity
United States
2.6%
Top 25 Investments
Asset Class
Country
% of NAV
Vonovia
Common Equity
Germany
2.5%
Top 25 Investments
Asset Class
Country
% of NAV
Host Hotels & Resorts
Common Equity
United States
2.5%
Top 25 Investments
Asset Class
Country
% of NAV
UDR
Common Equity
United States
2.3%
Top 25 Investments
Asset Class
Country
% of NAV
Canadian Multifamily Portfolio - Northview
Direct
Canada
2.3%
Top 25 Investments
Asset Class
Country
% of NAV
Sonida Senior Living
Common Equity
United States
2.2%
Top 25 Investments
Asset Class
Country
% of NAV
American Healthcare REIT
Common Equity
United States
2.2%
Top 25 Investments
Asset Class
Country
% of NAV
Tokyu Fudosan
Common Equity
Japan
2.1%
Top 25 Investments
Asset Class
Country
% of NAV
Essential Properties Realty Trust
Common Equity
United States
1.9%
Top 25 Investments
Asset Class
Country
% of NAV
Gaming And Leisure Properties
Common Equity
United States
1.9%
Top 25 Investments
Asset Class
Country
% of NAV
Broadstone Net Lease
Common Equity
United States
1.9%
Top 25 Investments
Asset Class
Country
% of NAV
Tritax Big Box REIT
Common Equity
United Kingdom
1.9%
Top 25 Investments
Asset Class
Country
% of NAV
Chartwell Retirement Residences
Common Equity
Canada
1.7%
* The Summary of Investment Portfolio may change due to ongoing portfolio transactions of the Fund and a quarterly update is available. *Mutual Fund holdings are excluded from region and sector exposures.

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.

To learn more about our investment solutions, please contact us at info@Hazelview.com