BDREX: Broadstone Real Estate Access Fund - MutualFunds.com

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Broadstone Real Estate Access I

BDREX - Snapshot

Vitals

  • YTD Return -10.0%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $N/A
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$9.57
$8.67
$11.04

Expenses

OPERATING RELATED FEES

  • Expense Ratio 5.98%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Compare BDREX to Popular Real Estate Sector Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$85.08

+1.29%

$53.94 B

2.81%

$2.36

-9.03%

-

$28.03

-0.85%

$53.94 B

-

$0.00

-9.14%

-

$38.06

+1.33%

$8.14 B

2.33%

$0.87

-6.99%

-

$20.38

-0.83%

$6.56 B

3.53%

$0.73

-8.94%

-

$60.42

+1.33%

$5.44 B

2.46%

$1.46

-8.68%

-

BDREX - Profile

Distributions

  • YTD Total Return -10.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.67%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Broadstone Real Estate Access Fund
  • Fund Family Name
    Broadstone Asset Management
  • Inception Date
    Oct 04, 2018
  • Shares Outstanding
    5357732
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brian Buffone

Fund Description

Under normal circumstances, the advisor intends to invest at least 80% of the fund's net assets (plus the amount of borrowings for investment purposes) in a portfolio of institutional quality real estate and real estate-related investments, which will be comprised of the following primary asset classes: (i) Direct Real Estate Investments, (ii) Private CRE Investment Funds, (iii) Publicly Traded CRE Securities, and (iv) CRE Debt Investments. It is non-diversified.


BDREX - Performance

Return Ranking - Trailing

Period BDREX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.0% -42.6% 25.9% 59.41%
1 Yr -6.8% -45.9% 27.2% 11.54%
3 Yr N/A* -16.7% 12.3% N/A
5 Yr N/A* -5.3% 12.8% N/A
10 Yr N/A* 2.4% 14.3% N/A

* Annualized

Return Ranking - Calendar

Period BDREX Return Category Return Low Category Return High Rank in Category (%)
2019 9.2% -0.8% 43.1% 82.82%
2018 N/A -44.0% 4.9% N/A
2017 N/A -16.4% 25.4% N/A
2016 N/A -13.1% 340.0% N/A
2015 N/A -18.4% 7.7% N/A

Total Return Ranking - Trailing

Period BDREX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.0% -42.9% 25.9% 59.78%
1 Yr -6.8% -45.9% 27.2% 9.79%
3 Yr N/A* -16.7% 12.3% N/A
5 Yr N/A* -5.5% 12.8% N/A
10 Yr N/A* 2.4% 14.3% N/A

* Annualized

Total Return Ranking - Calendar

Period BDREX Return Category Return Low Category Return High Rank in Category (%)
2019 9.2% -0.8% 43.1% 82.82%
2018 N/A -43.3% 4.9% N/A
2017 N/A -13.6% 31.4% N/A
2016 N/A -12.3% 13.4% N/A
2015 N/A -18.4% 7.7% N/A

NAV & Total Return History


BDREX - Holdings

Concentration Analysis

BDREX Category Low Category High BDREX % Rank
Net Assets N/A 1.15 M 53.9 B N/A
Number of Holdings 20 18 562 99.30%
Net Assets in Top 10 65.1 M 538 K 26.5 B 67.48%
Weighting of Top 10 N/A 14.1% 76.1% 0.40%

Top 10 Holdings

  1. iShares US Real Estate ETF 43.01%
  2. Tcm Cre Credit Fund, Lp 24.28%
  3. Tcm Cre Credit Fund, Lp 24.28%
  4. Tcm Cre Credit Fund, Lp 24.28%
  5. Tcm Cre Credit Fund, Lp 24.28%
  6. Tcm Cre Credit Fund, Lp 24.28%
  7. Tcm Cre Credit Fund, Lp 24.28%
  8. Tcm Cre Credit Fund, Lp 24.28%
  9. Tcm Cre Credit Fund, Lp 24.28%
  10. Tcm Cre Credit Fund, Lp 24.28%

Asset Allocation

Weighting Return Low Return High BDREX % Rank
Stocks
93.57% 0.00% 101.95% 80.77%
Other
11.45% -10.54% 95.74% 8.39%
Bonds
4.27% -9.65% 101.08% 9.79%
Preferred Stocks
0.00% 0.00% 49.58% 50.00%
Convertible Bonds
0.00% 0.00% 7.50% 46.85%
Cash
-9.29% -104.20% 18.40% 96.85%

Stock Sector Breakdown

Weighting Return Low Return High BDREX % Rank
Real Estate
99.60% 30.32% 100.00% 50.00%
Technology
0.40% 0.00% 14.65% 10.95%
Utilities
0.00% 0.00% 6.35% 44.53%
Industrials
0.00% 0.00% 10.82% 50.00%
Healthcare
0.00% 0.00% 39.57% 45.26%
Financial Services
0.00% 0.00% 37.05% 50.73%
Energy
0.00% 0.00% 0.67% 42.34%
Communication Services
0.00% 0.00% 11.27% 43.80%
Consumer Defense
0.00% 0.00% 2.24% 42.70%
Consumer Cyclical
0.00% 0.00% 41.45% 63.87%
Basic Materials
0.00% 0.00% 6.50% 43.07%

Stock Geographic Breakdown

Weighting Return Low Return High BDREX % Rank
US
93.57% 0.00% 100.44% 74.83%
Non US
0.00% 0.00% 32.67% 59.09%

Bond Sector Breakdown

Weighting Return Low Return High BDREX % Rank
Cash & Equivalents
71.12% 0.00% 100.00% 80.42%
Corporate
28.88% 0.00% 99.04% 15.73%
Derivative
0.00% 0.00% 6.40% 43.01%
Securitized
0.00% 0.00% 97.50% 47.55%
Municipal
0.00% 0.00% 11.50% 42.66%
Government
0.00% 0.00% 68.66% 43.71%

Bond Geographic Breakdown

Weighting Return Low Return High BDREX % Rank
US
4.27% -9.65% 109.80% 9.79%
Non US
0.00% -8.72% 21.12% 45.45%

BDREX - Expenses

Operational Fees

BDREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 5.98% 0.07% 23.80% 2.21%
Management Fee 1.25% 0.00% 1.67% 95.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

BDREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BDREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 38.89%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BDREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.54% 257.00% 86.36%

BDREX - Distributions

Dividend Yield Analysis

BDREX Category Low Category High BDREX % Rank
Dividend Yield 0.00% 0.00% 9.39% 48.95%

Dividend Distribution Analysis

BDREX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

BDREX Category Low Category High BDREX % Rank
Net Income Ratio 2.67% -2.55% 6.71% 17.31%

Capital Gain Distribution Analysis

BDREX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

BDREX - Fund Manager Analysis

Managers

Brian Buffone


Start Date

Tenure

Tenure Rank

Jun 09, 2020

0.39

0.4%

Mr. Buffone is a managing director and head of equity investments for BSP’s commercial real estate group. Prior to joining BSP in 2018, Mr. Buffone was a managing director at Ladder Capital where he originated CMBS loans and balance sheet loans and sourced/executed the majority of property acquisitions for the Company’s own portfolio. Prior to joining Ladder Capital in 2014, Mr. Buffone was the founder and president of Park Manor Capital Partners, a full service commercial real estate firm. He was previously a partner and chief financial officer of Compson Holding Corporation where he oversaw the day to day operations of the Company’s commercial real estate equity investments, acquisitions, dispositions, asset/property management and financing. Mr. Buffone earned his Bachelor of Science, Magna Cum Laude, from Babson College with a double major in Quantitative Methods and Investments.

Michael Comparato


Start Date

Tenure

Tenure Rank

Jun 09, 2020

0.39

0.4%

Mr. Comparato is a managing director with BSP and the head of real estate for BSP CRE and BSP Realty Trust. Prior to joining BSP in 2015, Mr. Comparato was head of U.S. Equity Investments at Ladder Capital, where he led Ladder's largest team that actively originated CMBS loans, structured/balance sheet loans, mezzanine loans and acquired strategic assets for the firm. Prior to joining Ladder in 2009, Mr. Comparato was president of BankAtlantic Commercial Mortgage Capital, the CMBS affiliate of BankAtlantic, where he was responsible for managing all day-to-day operations. Mr. Comparato also previously ran Compson Holding Corporation, which made various equity investments in multiple different commercial real estate assets and publicly traded REITs. Mr. Comparato received a Bachelor of Science, Summa Cum Laude, from Babson College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.18 26.84 8.28 1.1
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