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    Phocas Real Estate (PHREX)

    32.90 Up 0.18(0.55%) Oct 12

    Profile as of Sep 29, 2015Get Profile for:
    Phocas Real Estate
    Forum Funds II(Phocas)c/o Atlantic Fund Services, Three Canal PlazaPortland, Maine 4112
    Phone: 866-746-2271
    Fund Overview 
    Category:Real Estate
    Fund Family:Phocas
    Net Assets:11.45M
    Year-to-Date Return:-2.96%
    Morningstar Rating:5 stars
    Fund Inception Date:Sep 29, 2006
    Morningstar Style Box 
    Real Estate
    [View Category Definition]
    View Top Real Estate Funds
    About the Morningstar Style Box
    Management Information 
    James F. K. Murray
    Lead Manager since Sep 29, 2006
    Mr. Murray co-manages the Phocas Financial Corporation's REIT portfolios and supports the small cap value strategy. From 1999 to 2005 he was the Trader and Senior REIT Analyst for Bay Isle Financial Institutional REIT portfolios and mutual fund. Mr. Murray brings strong analytical and quantitative skills to the research team and portfolio management process, with particularly strong expertise in the area of modeling real estate companies. Prior to that, he spent four years at Charles Schwab, where he supervised that firm's Tax and Dividend Departments. Mr. Murray earned his B.A. degree in Economics from Kenyon College. He holds the Chartered Financial Analyst designation, and is a member of the Security Analysts of San Francisco.
    Investment Information 
    Min Initial Investment:5,000
    Min Initial Investment, IRA:2,500
    Min Initial Investment, AIP:200
    Min Subsequent Investment:200
    Min Subsequent Investment, IRA:200
    Min Subsequent Investment, AIP:200
    PHREX can be purchased from 7 brokerages.

    Fund Summary 
    The investment seeks long-term total investment return through a combination of capital appreciation and current income. Under normal market conditions, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in the common and preferred stock of equity real estate investment trusts ("REITs") and companies of any size market capitalization which own, manage and invest in underlying real estate assets, such as offices, industrial properties, retail, malls, shopping centers, apartments, lodging, storage and specialty and health care facilities. The fund is non-diversified.

    Fund Operations 
    Last Dividend (Dec 29, 2014) : 0.02
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Oct 8, 2015) : 18.00%
    Average for Category:53.21%
    Fees & Expenses 
    ExpensePHREXCategory Avg
    Annual Report Expense Ratio (net):1.50%1.33%
    Prospectus Net Expense Ratio:1.50%N/A
    Prospectus Gross Expense Ratio:2.78%N/A
    Max 12b1 Fee:0.25%N/A
    Max Front End Sales Load:N/A5.35%
    Max Deferred Sales Load: N/A1.98%
    3 Yr Expense Projection*:741563
    5 Yr Expense Projection*:1,356899
    10 Yr Expense Projection*:3,0161,829
    * Per $10,000 invested