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REMS Real Estate Income 50/50 Platform (RREFX)

14.11 Up 0.01(0.07%) Aug 20

Profile as of Jul 30, 2014Get Profile for:
REMS Real Estate Income 50/50 Platform
8730 Stony Point ParkwaySuite 205Richmond VA 23235
Phone: 800-527-9525
Fund Overview 
Category:Real Estate
Fund Family:REMSGroup
Net Assets:127.38M
Year-to-Date Return:14.35%
Morningstar Rating:3 stars
Fund Inception Date:Mar 1, 2006
Morningstar Style Box 
Real Estate
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Management Information 
Edward W. Turville
Lead Manager since Dec 31, 2010
Edward W. Turville, CFA, serves as the Portfolio Manager. Mr. Turville has been Managing Director and Senior Portfolio Manager of Real Estate Management Services Group, LLC since its inception in May 2002. Mr. Turville has managed up to $600 million in real estate and REIT investments over the past 12 years and conducted research related to publicly traded real estate securities since 1970. As a partner at Dalton, Greiner, Hartman, Maher & Company (“DGHM”), Mr. Turville managed DGHM’s public real estate investments and created the DGHM REMS REIT product in 1997, serving as its portfolio manager from 1997 to 2000. From May 2000 to May 2002, Mr. Turville served as BIC’s Managing Director and Senior Portfolio Manager of the REMS REIT product.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:2,500
Min Initial Investment, AIP:2,500
Min Subsequent Investment:100
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:100
RREFX can be purchased from 26 brokerages.

Fund Summary 
The investment seeks to achieve a primary objective of high current income with a secondary objective of long-term capital growth. The fund invests at least 80% of its assets, plus the amount of any borrowings for investment purposes, in equity securities of companies principally engaged in the real estate industry and other real estate related investments. A company principally engaged in the real estate industry is one that derives at least 50% of its revenues from the ownership, construction, financing, management or sale of commercial or residential real estate or has at least 50% of its assets in such real estate businesses. The fund is non-diversified.

Fund Operations 
Last Dividend (Jul 28, 2014) : 0.00
Last Cap Gain : 0.00
Annual Holdings Turnover (Aug 18, 2014) : 39.75%
Average for Category:59.90%
Fees & Expenses 
ExpenseRREFXCategory Avg
Annual Report Expense Ratio (net):1.14%1.32%
Prospectus Net Expense Ratio:1.05%N/A
Prospectus Gross Expense Ratio:1.11%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:N/A5.34%
Max Deferred Sales Load: N/A2.31%
3 Yr Expense Projection*:334587
5 Yr Expense Projection*:579897
10 Yr Expense Projection*:1,2831,811
* Per $10,000 invested