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Global Real Estate Fund

Easterly Ranger manages a global REIT strategy that aims to provide lower correlation to the overall real estate market without sacrificing return.

Overall Morningstar rating as of May 31, 2025. Based on risk-adjusted returns. Category: Global Real Estate out of 148 funds.

More Information

$15.43
6/13/2025

9.77%
6/13/2025
at NAV

NAV Disclosure

Why This Fund?

  • People: Chief Investment Officer and Senior Portfolio Manager Andrew Duffy has been at the forefront of investing in global listed real estate for over 30 years.
  • Portfolio: Targets owning 50 best ideas through a fundamentally-driven, high-conviction stock selection across the capitalization spectrum.
  • Philosophy: A high-conviction investment philosophy focused on owning real estate businesses seeking to deliver growing, uncorrelated global returns over long investment horizons.
  • Process: Carefully engineered investment process developed over three decades that is unconstrained by benchmark limitations and employs performance-boosting overlays (dividend capture and covered call-writing).

Fund Facts

INCEPTION DATE
08/01/2011
NET ASSETS
$265.1MM
ASSET CLASS
Real Estate, Alternative
MORNINGSTAR CATEGORY
Global Real Estate
BENCHMARK
FTSE EPRA/Nareit Developed Net Index
GROSS EXPENSE RATIO
1.20% View Disclosure
NET EXPENSE RATIO
1.05% View Disclosure
CUSIP
470258823
View Glossary

Top 10 Holdings

Equinix, Inc.
7.94%
Digital Realty Trust, Inc.
7.53%
Catena A.B.
5.70%
Lamar Advertising Company
4.98%
UNITE Group plc (The)
4.90%
Goodman Group
4.56%
Instone Real Estate Group S.E.
4.41%
Americold Realty Trust, Inc.
4.12%
Infrastrutture Wireless Italiane SpA
4.09%
American Homes 4 Rent
4.03%
TOTAL
52.25%

Monthly Returns

3.23%9.13%12.83%-0.46%6.32%4.95%6.40%
2.57%6.24%9.72%0.29%5.13%0.00%-

*5.75% is the maximum sales charge on purchase of A Shares. Class C charges a maximum contingent deferred sales charge of 1.00% if you redeem Class C shares within 18-months after purchase. Class C shares convert to Class A shares after 8 years from the last day of the month in which the shares were purchased.

The inception date for A Shares was 10/26/2009; Inception for I Shares was 8/1/2011; Inception for C Shares was 1/5/2012; Inception of S Shares was 8/17/2017. The S Shares were converted to R6 Shares on 3/19/2021.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions and does not guarantee future results. Returns for periods less than one year are cumulative, and results for other share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance cited. Investors cannot invest directly into an index. All classes of shares may not be available to all investors or through all distribution channels. For the most recent month-end performance, visit funds.easterlyam.com or call 888-814-8180.

Pursuant to an operating expense limitation agreement between Easterly Investment Partners LLC, the Fund’s investment manager (“Easterly” or the “Adviser”), and the Fund, Easterly has contractually agreed to waive all or a portion of its advisory fee and/or pay expenses of the Fund so that total annual Fund operating expenses (excluding front-end and contingent deferred sales loads, leverage, interest and tax expenses, dividends and interest on short positions, brokerage commissions, expenses incurred in connection with any merger, reorganization or liquidation, extraordinary or non-routine expenses and Acquired Fund Fees and Expenses) for Class A, Class C, Class I, and Class R6 do not exceed 1.69%, 2.37%, 1.04%, and 0.94%, respectively. The expense limitation agreement will be in effect through December 31, 2025. This operating expense limitation agreement cannot be terminated during its term. The fee waiver and/or expense reimbursement are subject to possible recoupment from the Fund in future years. For more information, please refer to the Fund’s summary prospectus and prospectus. Performance shown would have been lower without the fee waiver and/or expense reimbursement effect..

See Glossary for index definitions. There can be no assurance that the portfolio will achieve its investment objective.

Source: Morningstar Direct and Ultimus. Performance data quoted above is historical. Returns greater than one year are annualized. Returns for the Fund’s first year are since fund inception. Calendar year returns do not reflect the maximum sales charge; otherwise, returns would vary.

Morningstar Extended Performance Methodology
For details of how Morningstar determines the oldest share class in the event of multiple share classes having the same inception date, please see the Oldest Share Class Methodology paper. For predecessor/successor situations, the performance of the original portfolio is not adjusted but is instead appended to the records of the new portfolio. The methodology below is used only for multi-share situations where the historical performance of the original portfolio is adjusted for fees. For multi-share situations, Morningstar will adjust the historical total returns of the oldest share class (“parent”) to reflect the fee structure of the younger share class/channel (“child”). The parent fund monthly returns (prior to the child’s inception) are adjusted for fees, and then this data is attached to the child record. Then, the string of adjusted plus actual monthly returns for the child is compounded into historical trailing returns. The fee adjustment is necessary because expenses reduce the net returns to shareholders.

Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate, so that shares when redeemed may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 888.814.8180.

Daily Pricing and Returns

$15.43-0.84%9.77%

*5.75% is the maximum sales charge on purchase of A Shares. Class C charges a maximum contingent deferred sales charge of 1.00% if you redeem Class C shares within 18-months after purchase. Class C shares convert to Class A shares after 8 years from the last day of the month in which the shares were purchased.

The inception date for A Shares was 10/26/2009; Inception for I Shares was 8/1/2011; Inception for C Shares was 1/5/2012; Inception of S Shares was 8/17/2017. The S Shares were converted to R6 Shares on 3/19/2021.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions and does not guarantee future results. Returns for periods less than one year are cumulative, and results for other share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance cited. Investors cannot invest directly into an index. All classes of shares may not be available to all investors or through all distribution channels. For the most recent month-end performance, visit funds.easterlyam.com or call 888-814-8180.

Pursuant to an operating expense limitation agreement between Easterly Investment Partners LLC, the Fund’s investment manager (“Easterly” or the “Adviser”), and the Fund, Easterly has contractually agreed to waive all or a portion of its advisory fee and/or pay expenses of the Fund so that total annual Fund operating expenses (excluding front-end and contingent deferred sales loads, leverage, interest and tax expenses, dividends and interest on short positions, brokerage commissions, expenses incurred in connection with any merger, reorganization or liquidation, extraordinary or non-routine expenses and Acquired Fund Fees and Expenses) for Class A, Class C, Class I, and Class R6 do not exceed 1.69%, 2.37%, 1.04%, and 0.94%, respectively. The expense limitation agreement will be in effect through December 31, 2025. This operating expense limitation agreement cannot be terminated during its term. The fee waiver and/or expense reimbursement are subject to possible recoupment from the Fund in future years. For more information, please refer to the Fund’s summary prospectus and prospectus. Performance shown would have been lower without the fee waiver and/or expense reimbursement effect..

See Glossary for index definitions. There can be no assurance that the portfolio will achieve its investment objective.

Source: Morningstar Direct and Ultimus. Performance data quoted above is historical. Returns greater than one year are annualized. Returns for the Fund’s first year are since fund inception. Calendar year returns do not reflect the maximum sales charge; otherwise, returns would vary.

Morningstar Extended Performance Methodology
For details of how Morningstar determines the oldest share class in the event of multiple share classes having the same inception date, please see the Oldest Share Class Methodology paper. For predecessor/successor situations, the performance of the original portfolio is not adjusted but is instead appended to the records of the new portfolio. The methodology below is used only for multi-share situations where the historical performance of the original portfolio is adjusted for fees. For multi-share situations, Morningstar will adjust the historical total returns of the oldest share class (“parent”) to reflect the fee structure of the younger share class/channel (“child”). The parent fund monthly returns (prior to the child’s inception) are adjusted for fees, and then this data is attached to the child record. Then, the string of adjusted plus actual monthly returns for the child is compounded into historical trailing returns. The fee adjustment is necessary because expenses reduce the net returns to shareholders.

Quarterly Returns

2.08%2.08%5.85%-4.73%7.17%4.08%5.96%
1.61%1.61%2.88%-4.13%5.97%2.46%3.67%

*5.75% is the maximum sales charge on purchase of A Shares. Class C charges a maximum contingent deferred sales charge of 1.00% if you redeem Class C shares within 18-months after purchase. Class C shares convert to Class A shares after 8 years from the last day of the month in which the shares were purchased.

The inception date for A Shares was 10/26/2009; Inception for I Shares was 8/1/2011; Inception for C Shares was 1/5/2012; Inception of S Shares was 8/17/2017. The S Shares were converted to R6 Shares on 3/19/2021.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions and does not guarantee future results. Returns for periods less than one year are cumulative, and results for other share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance cited. Investors cannot invest directly into an index. All classes of shares may not be available to all investors or through all distribution channels. For the most recent month-end performance, visit funds.easterlyam.com or call 888-814-8180.

Pursuant to an operating expense limitation agreement between Easterly Investment Partners LLC, the Fund’s investment manager (“Easterly” or the “Adviser”), and the Fund, Easterly has contractually agreed to waive all or a portion of its advisory fee and/or pay expenses of the Fund so that total annual Fund operating expenses (excluding front-end and contingent deferred sales loads, leverage, interest and tax expenses, dividends and interest on short positions, brokerage commissions, expenses incurred in connection with any merger, reorganization or liquidation, extraordinary or non-routine expenses and Acquired Fund Fees and Expenses) for Class A, Class C, Class I, and Class R6 do not exceed 1.69%, 2.37%, 1.04%, and 0.94%, respectively. The expense limitation agreement will be in effect through December 31, 2025. This operating expense limitation agreement cannot be terminated during its term. The fee waiver and/or expense reimbursement are subject to possible recoupment from the Fund in future years. For more information, please refer to the Fund’s summary prospectus and prospectus. Performance shown would have been lower without the fee waiver and/or expense reimbursement effect..

See Glossary for index definitions. There can be no assurance that the portfolio will achieve its investment objective.

Source: Morningstar Direct and Ultimus. Performance data quoted above is historical. Returns greater than one year are annualized. Returns for the Fund’s first year are since fund inception. Calendar year returns do not reflect the maximum sales charge; otherwise, returns would vary.

Morningstar Extended Performance Methodology
For details of how Morningstar determines the oldest share class in the event of multiple share classes having the same inception date, please see the Oldest Share Class Methodology paper. For predecessor/successor situations, the performance of the original portfolio is not adjusted but is instead appended to the records of the new portfolio. The methodology below is used only for multi-share situations where the historical performance of the original portfolio is adjusted for fees. For multi-share situations, Morningstar will adjust the historical total returns of the oldest share class (“parent”) to reflect the fee structure of the younger share class/channel (“child”). The parent fund monthly returns (prior to the child’s inception) are adjusted for fees, and then this data is attached to the child record. Then, the string of adjusted plus actual monthly returns for the child is compounded into historical trailing returns. The fee adjustment is necessary because expenses reduce the net returns to shareholders.

Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate, so that shares when redeemed may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 888.814.8180.

Calendar Year Performance

2024202320222021202020192018201720162015
GLOBAL REAL ESTATE FUND I (JARIX)0.91%7.22%-24.18%22.40%0.98%31.80%-8.48%
17.32%
7.59%
2.67%
Morningstar Global Real Estate Category0.23%10.24%-25.15%22.90%-5.43%23.45%-7.11%
15.12%
1.97%
-0.92%

*5.75% is the maximum sales charge on purchase of A Shares. Class C charges a maximum contingent deferred sales charge of 1.00% if you redeem Class C shares within 18-months after purchase. Class C shares convert to Class A shares after 8 years from the last day of the month in which the shares were purchased.

The inception date for A Shares was 10/26/2009; Inception for I Shares was 8/1/2011; Inception for C Shares was 1/5/2012; Inception of S Shares was 8/17/2017. The S Shares were converted to R6 Shares on 3/19/2021.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions and does not guarantee future results. Returns for periods less than one year are cumulative, and results for other share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance cited. Investors cannot invest directly into an index. All classes of shares may not be available to all investors or through all distribution channels. For the most recent month-end performance, visit funds.easterlyam.com or call 888-814-8180.

Pursuant to an operating expense limitation agreement between Easterly Investment Partners LLC, the Fund’s investment manager (“Easterly” or the “Adviser”), and the Fund, Easterly has contractually agreed to waive all or a portion of its advisory fee and/or pay expenses of the Fund so that total annual Fund operating expenses (excluding front-end and contingent deferred sales loads, leverage, interest and tax expenses, dividends and interest on short positions, brokerage commissions, expenses incurred in connection with any merger, reorganization or liquidation, extraordinary or non-routine expenses and Acquired Fund Fees and Expenses) for Class A, Class C, Class I, and Class R6 do not exceed 1.69%, 2.37%, 1.04%, and 0.94%, respectively. The expense limitation agreement will be in effect through December 31, 2025. This operating expense limitation agreement cannot be terminated during its term. The fee waiver and/or expense reimbursement are subject to possible recoupment from the Fund in future years. For more information, please refer to the Fund’s summary prospectus and prospectus. Performance shown would have been lower without the fee waiver and/or expense reimbursement effect..

See Glossary for index definitions. There can be no assurance that the portfolio will achieve its investment objective.

Source: Morningstar Direct and Ultimus. Performance data quoted above is historical. Returns greater than one year are annualized. Returns for the Fund’s first year are since fund inception. Calendar year returns do not reflect the maximum sales charge; otherwise, returns would vary.

Morningstar Extended Performance Methodology
For details of how Morningstar determines the oldest share class in the event of multiple share classes having the same inception date, please see the Oldest Share Class Methodology paper. For predecessor/successor situations, the performance of the original portfolio is not adjusted but is instead appended to the records of the new portfolio. The methodology below is used only for multi-share situations where the historical performance of the original portfolio is adjusted for fees. For multi-share situations, Morningstar will adjust the historical total returns of the oldest share class (“parent”) to reflect the fee structure of the younger share class/channel (“child”). The parent fund monthly returns (prior to the child’s inception) are adjusted for fees, and then this data is attached to the child record. Then, the string of adjusted plus actual monthly returns for the child is compounded into historical trailing returns. The fee adjustment is necessary because expenses reduce the net returns to shareholders.

Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate, so that shares when redeemed may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 888.814.8180.

Sector Breakdown

SectorEasterly Global Real Estate FundFTSE EPRA NAREIT DEVELOPED INDEX TR
Residential20.15%10.77%
Industrial17.08%15.37%
Diversified12.55%16.48%
Retail5.63%12.92%
Health Care4.46%7.29%
Lodging1.93%2.16%
Net Lease0.78%5.45%
Office0.005.42%
Specialty37.41%24.13%
TOTAL100%100%

*5.75% is the maximum sales charge on purchase of A Shares. Class C charges a maximum contingent deferred sales charge of 1.00% if you redeem Class C shares within 18-months after purchase. Class C shares convert to Class A shares after 8 years from the last day of the month in which the shares were purchased.

The inception date for A Shares was 10/26/2009; Inception for I Shares was 8/1/2011; Inception for C Shares was 1/5/2012; Inception of S Shares was 8/17/2017. The S Shares were converted to R6 Shares on 3/19/2021.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions and does not guarantee future results. Returns for periods less than one year are cumulative, and results for other share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance cited. Investors cannot invest directly into an index. All classes of shares may not be available to all investors or through all distribution channels. For the most recent month-end performance, visit funds.easterlyam.com or call 888-814-8180.

Pursuant to an operating expense limitation agreement between Easterly Investment Partners LLC, the Fund’s investment manager (“Easterly” or the “Adviser”), and the Fund, Easterly has contractually agreed to waive all or a portion of its advisory fee and/or pay expenses of the Fund so that total annual Fund operating expenses (excluding front-end and contingent deferred sales loads, leverage, interest and tax expenses, dividends and interest on short positions, brokerage commissions, expenses incurred in connection with any merger, reorganization or liquidation, extraordinary or non-routine expenses and Acquired Fund Fees and Expenses) for Class A, Class C, Class I, and Class R6 do not exceed 1.69%, 2.37%, 1.04%, and 0.94%, respectively. The expense limitation agreement will be in effect through December 31, 2025. This operating expense limitation agreement cannot be terminated during its term. The fee waiver and/or expense reimbursement are subject to possible recoupment from the Fund in future years. For more information, please refer to the Fund’s summary prospectus and prospectus. Performance shown would have been lower without the fee waiver and/or expense reimbursement effect..

See Glossary for index definitions. There can be no assurance that the portfolio will achieve its investment objective.

Source: Morningstar Direct and Ultimus. Performance data quoted above is historical. Returns greater than one year are annualized. Returns for the Fund’s first year are since fund inception. Calendar year returns do not reflect the maximum sales charge; otherwise, returns would vary.

Morningstar Extended Performance Methodology
For details of how Morningstar determines the oldest share class in the event of multiple share classes having the same inception date, please see the Oldest Share Class Methodology paper. For predecessor/successor situations, the performance of the original portfolio is not adjusted but is instead appended to the records of the new portfolio. The methodology below is used only for multi-share situations where the historical performance of the original portfolio is adjusted for fees. For multi-share situations, Morningstar will adjust the historical total returns of the oldest share class (“parent”) to reflect the fee structure of the younger share class/channel (“child”). The parent fund monthly returns (prior to the child’s inception) are adjusted for fees, and then this data is attached to the child record. Then, the string of adjusted plus actual monthly returns for the child is compounded into historical trailing returns. The fee adjustment is necessary because expenses reduce the net returns to shareholders.

Country Breakdown

Easterly Global Real Estate Fund FTSE EPRA Nareit Developed Index TR
United States47.46%63.53%
United Kingdom16.23%4.15%
Japan9.03%8.52%
Germany5.85%2.18%
Sweden5.48%2.04%
Italy5.24%0.01%
Australia4.26%6.61%
Hong Kong3.38%2.55%
Canada1.50%2.29%
Spain1.43%0.45%
Ireland0.15%0.02%
TOTAL100%92.37%

*5.75% is the maximum sales charge on purchase of A Shares. Class C charges a maximum contingent deferred sales charge of 1.00% if you redeem Class C shares within 18-months after purchase. Class C shares convert to Class A shares after 8 years from the last day of the month in which the shares were purchased.

The inception date for A Shares was 10/26/2009; Inception for I Shares was 8/1/2011; Inception for C Shares was 1/5/2012; Inception of S Shares was 8/17/2017. The S Shares were converted to R6 Shares on 3/19/2021.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions and does not guarantee future results. Returns for periods less than one year are cumulative, and results for other share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance cited. Investors cannot invest directly into an index. All classes of shares may not be available to all investors or through all distribution channels. For the most recent month-end performance, visit funds.easterlyam.com or call 888-814-8180.

Pursuant to an operating expense limitation agreement between Easterly Investment Partners LLC, the Fund’s investment manager (“Easterly” or the “Adviser”), and the Fund, Easterly has contractually agreed to waive all or a portion of its advisory fee and/or pay expenses of the Fund so that total annual Fund operating expenses (excluding front-end and contingent deferred sales loads, leverage, interest and tax expenses, dividends and interest on short positions, brokerage commissions, expenses incurred in connection with any merger, reorganization or liquidation, extraordinary or non-routine expenses and Acquired Fund Fees and Expenses) for Class A, Class C, Class I, and Class R6 do not exceed 1.69%, 2.37%, 1.04%, and 0.94%, respectively. The expense limitation agreement will be in effect through December 31, 2025. This operating expense limitation agreement cannot be terminated during its term. The fee waiver and/or expense reimbursement are subject to possible recoupment from the Fund in future years. For more information, please refer to the Fund’s summary prospectus and prospectus. Performance shown would have been lower without the fee waiver and/or expense reimbursement effect..

See Glossary for index definitions. There can be no assurance that the portfolio will achieve its investment objective.

Source: Morningstar Direct and Ultimus. Performance data quoted above is historical. Returns greater than one year are annualized. Returns for the Fund’s first year are since fund inception. Calendar year returns do not reflect the maximum sales charge; otherwise, returns would vary.

Morningstar Extended Performance Methodology
For details of how Morningstar determines the oldest share class in the event of multiple share classes having the same inception date, please see the Oldest Share Class Methodology paper. For predecessor/successor situations, the performance of the original portfolio is not adjusted but is instead appended to the records of the new portfolio. The methodology below is used only for multi-share situations where the historical performance of the original portfolio is adjusted for fees. For multi-share situations, Morningstar will adjust the historical total returns of the oldest share class (“parent”) to reflect the fee structure of the younger share class/channel (“child”). The parent fund monthly returns (prior to the child’s inception) are adjusted for fees, and then this data is attached to the child record. Then, the string of adjusted plus actual monthly returns for the child is compounded into historical trailing returns. The fee adjustment is necessary because expenses reduce the net returns to shareholders.

Fund Statistics - 5 Year

Sharpe Ratio

0.16 

Alpha

1.32 

Upside Capture Ratio

100.20 

Downside Capture Ratio

96.07 

Tracking Error

5.90% 

Information Ratio

0.20 

Active Share

89.39% 

View Glossary

Distribution Yield

12 Month Distribution Rate1,3,4Trailing 12 Month YieldSEC 30 Day Yield Unsubsidized2,3SEC 30 Day Yield Subsidized2,3
2.69%2.69%0.570.74

Distribution History

Distribution DateDistribution NAVLong-Term Capital GainShort-Term Capital GainReturn of CapitalDividend IncomeDistribution Total
9/26/202415.93---0.090.09
6/26/202413.51---0.170.17
3/26/202413.66---0.080.08
12/27/202314.45---0.090.09
9/27/202312.71---0.060.06
6/28/202313.50---0.070.07
3/29/202313.29-0.01-0.100.11
12/31/202213.530.030.20--0.23
09/28/202213.10-0.13-0.040.17
06/28/202215.90-0.07-0.090.16
03/29/202218.34-0.18-0.030.21
12/29/202119.010.050.73-0.110.88
09/28/202119.09-0.15-0.220.36
06/28/202119.82-0.32-0.100.41
03/30/202118.64-0.22-0.090.30
12/29/202017.30-0.63--0.63
09/29/202015.38-0.14-0.130.27
06/26/202015.06-0.25-0.060.31
03/27/202013.59-0.15-0.180.33
12/27/201918.76-0.89-0.030.92
09/27/201918.84-0.36-0.050.41
06/27/201918.37-0.32-0.100.42
03/27/201918.32-0.25-0.160.41
12/27/201815.87-0.09-0.400.49
09/27/201818.72-0.37-0.020.38
06/27/201818.79-0.24-0.150.39
03/28/201818.18-0.09-0.270.35
12/27/201719.08-0.44-0.270.70
09/27/201718.81-0.35-0.060.40
06/28/201719.03-0.30-0.110.41
03/29/201718.430.060.29-0.070.41
12/28/201617.800.190.43-0.060.68
09/29/201618.82-0.29-0.090.37
06/28/201618.72-0.22-0.150.37
03/30/201619.03-0.24-0.150.39
12/29/201518.70-0.42-0.380.80
09/28/201518.68-0.31-0.050.36
06/26/201520.11-0.33-0.080.41
03/30/201521.38-0.35-0.120.48
12/29/201420.200.070.50-0.180.74
09/26/201420.10-0.38-0.040.42
06/26/201421.30-0.39-0.090.47

Info


Easterly Investment Partners

Easterly Investment Partners (EIP) is our traditional, fundamental-based investment arm. EIP bolsters highly experienced teams and their investment strategies with the best-in-class infrastructure of Easterly Asset Management. EIP’s current offerings span the entire value-equity spectrum and are managed by high-performing investment professionals. While we offer value strategies today, we are currently working to broaden EIP to provide a wider range of client solutions to include growth and core.


2016 (Lift out from Ascent Investment Advisors which was founded in 2008)

New York, NY

Portfolio Manager

Andy Duffy

Andy Duffy, CFA

CIO, Senior Portfolio Manager
34 Years of Industry Experience


TIAA-CREF
Eagle Asset Management
Hunter Global
Citigroup

Documents

Statement of Additional Information

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Easterly Global Real Estate Fund Morningstar Rating

Overall 3-Year 5-Year 10-Year
Morningstar Star Rating 3 2 3 4
# Funds in Category 148 148 144 118

© 2025 Morningstar. 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. Past performance is no guarantee of future results.

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 Morningstar Rating does not include any adjustment for sales loads. 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.

Morningstar Rating is for the I share class only; other classes may have different performance characteristics.

Latest Perspectives

Q1 2025 Global Real Estate Commentary

Global real estate stocks posted a gain in the first quarter of 2025, as the Federal Reserve and other global central banks continued to signal their bias towards easing monetary policy.

Learn More

Q4 2024 Global Real Estate Commentary

Global real estate stocks posted losses in the fourth quarter of 2024, as the Federal Reserve and other global central banks signaled a slower pace of monetary easing than the market had anticipated.

Learn More

Easterly Global Real Estate 2025 Outlook

As we look to the year ahead, we feel increasingly positive about the global real estate market. But right now, the only thing that feels certain is uncertainty. New or potential government policies combined with geopolitical risks suggest increased macroeconomic volatility and a wider range of potential outcomes – making 2025 a stock-picker’s market.

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