Description
Objective†
The investment seeks total return through investment in real estate securities.
Principal Investment Strategies†
Under normal market conditions, the fund invests at least 80% of its total assets in common stocks and other equity securities issued by real estate companies. It may invest up to 20% of its total assets in securities of foreign issuers which meet the same criteria for investment as domestic companies, including investments in such companies in the form of American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs") and European Depositary Receipts ("EDRs"). The fund is non-diversified.
Principal Investment Risks
There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.
Performance & Expenses
Fund/Benchmark Name | Qtr | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Since Inception |
---|---|---|---|---|---|---|---|
Cohen & Steers Realty Sharesa | -11.02% | -27.65% | -16.06% | 0.14% | 5.61% | 7.57% | 10.75% |
FTSE NAREIT All Equity REITs Indexa,b | -10.83% | -27.93% | -16.27% | -1.10% | 4.10% | 6.99% | N/A |
Morningstar Real Estatea,c | -10.66% | -28.62% | -18.47% | -1.96% | 2.56% | 5.64% | N/A |
Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, participants or plan sponsors in a MissionSquare Retirement administered account can log in at www.missionsq.org, or institutions can go to www.investments.missionsq.org.
Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.
Gross Expenses | 0.93% |
---|---|
Net Expenses | 0.88% |
a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2022 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.
b. The FTSE NAREIT Equity REIT Index is an index of publicly traded REITs that own commercial property.
c. The Morningstar category average return represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.
d. Differences between the net and gross expense ratios of a fund are typically due to fee waivers, expense reimbursements, and/or expense limits.
Distributions
Record Date | Ex/Payable Date | Income/Capital Gains Paid Per Share |
---|---|---|
Sep 30, 2022 | Sep 30, 2022 | $0.454000000 |
Jun 30, 2022 | Jun 30, 2022 | $1.345000000 |
Mar 31, 2022 | Mar 31, 2022 | $0.358000000 |
Dec 9, 2021 | Dec 9, 2021 | $2.348000000 |
Sep 30, 2021 | Sep 30, 2021 | $0.335000000 |
Jun 30, 2021 | Jun 30, 2021 | $0.278000000 |
Mar 31, 2021 | Mar 31, 2021 | $0.272000000 |
Dec 10, 2020 | Dec 10, 2020 | $0.509000000 |
Sep 30, 2020 | Sep 30, 2020 | $0.344000000 |
Jun 30, 2020 | Jun 30, 2020 | $1.648000000 |
Mar 31, 2020 | Mar 31, 2020 | $0.387000000 |
Dec 18, 2019 | Dec 18, 2019 | $0.421000000 |
Nov 5, 2019 | Nov 5, 2019 | $4.871000000 |
Sep 30, 2019 | Sep 30, 2019 | $0.412000000 |
Jun 28, 2019 | Jun 28, 2019 | $4.397000000 |
Mar 29, 2019 | Mar 29, 2019 | $0.499000000 |
Dec 6, 2018 | Dec 6, 2018 | $1.415000000 |
Sep 28, 2018 | Sep 28, 2018 | $0.687000000 |
Morningstar Information
Period | Stars | Category Size |
---|---|---|
Overall | ![]() | 234 |
3-Year | ![]() | 234 |
5-Year | ![]() | 206 |
10-Year | ![]() | 150 |
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating/40% three–year rating for 60–119 months of total returns, and 50% 10–year rating/30% five–year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Type of Asset | Percent |
---|---|
Equity | 98% |
Fixed Income | 0% |
Cash/Other | 2% |
Due to rounding, percentages shown may not add up to 100%.
Characteristics
Asset Class | Percent |
---|---|
Domestic Stock | 98.3% |
Foreign Stock | 0.0% |
Domestic Bond | 0.0% |
Foreign Bond | 0.0% |
Preferred | 0.0% |
Convertible | 0.0% |
Cash | 1.1% |
Other | 0.6% |
Due to rounding, percentages shown may not add up to 100%.
Holding Name | Percent |
---|---|
American Tower Corp | 13.4% |
Public Storage | 7.5% |
Invitation Homes Inc | 6.4% |
Duke Realty Corp | 5.6% |
Welltower OP LLC | 5.6% |
Prologis Inc | 4.9% |
Realty Income Corp | 4.7% |
Simon Property Group Inc | 4.7% |
Digital Realty Trust Inc | 4.4% |
UDR Inc | 3.7% |
Statistics
Statistic | 3-Year | 5-Year |
---|---|---|
Beta | 0.97 | 0.97 |
Alpha | 1.13 | 1.49 |
Standard Deviation | 21.38 | 18.73 |
Footnotes
1. | Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at www.missionsq.org. |
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† | The source for this information is Morningstar, Inc. Copyright © 2022 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with MissionSquare Retirement or its affiliates. MissionSquare Retirement does not independently verify Morningstar data. |
‡ | Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category. |