The Real Estate Securities Portfolio

C000069687 Fund Overview

The Real Estate Securities Portfolio is a US mutual fund managed by Hc Capital Trust, categorised as Emerging Markets Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Hc Capital Trust
• Category: Emerging Markets Real Estate
• Assets under management: $68.28M
• SEC CIK: 0000934563
• SEC series ID: S000023669
• Share class ID: C000069687

C000069687 Investment Objective and Strategy

The Real Estate Securities Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Hc Capital Trust.

Investment objective

The investment objective of The Real Estate Securities Portfolio is to provide total return consisting of both capital appreciation and current income.

Principal investment strategy

Under normal circumstances, the Portfolio seeks to achieve its objective by investing primarily (i.e., at least 80% of its net assets) in a portfolio of equity and debt securities issued by U.S. and non-U.S. real estate-related companies. Companies known as real estate investment trusts (REITs) and other real estate operating companies whose value is derived from ownership, development and management of underlying real estate properties are considered to be real estate-related companies. In the unlikely event that a change in this investment policy is adopted by the Board of Trustees, shareholders will receive at least 60 days prior written notice before such change is implemented. The Portfolios permissible investments include equity and equity-related securities of real estate-related companies, including common stock, preferred stock, convertible securities, warrants, options, depositary receipts and other similar equity equivalents.

The Portfolio also may invest in fixed income securities, including debt securities, mortgage-backed securities and high yield debt (junk bonds). The Portfolio may invest in securities issued by other investment companies, including ETFs, that invest in securities issued by real estate-related companies. The Portfolio may also invest in companies which are located in emerging markets countries, as well as companies of any market capitalization. Consistent with its investment style, the Portfolios Specialist Manager may use instruments such as option or futures contracts in order to gain market exposure pending investment or to hedge against fluctuations in market price of the securities in which the Portfolio invests. In accordance with applicable interpretations of the SEC, certain derivative instruments may be counted as equity securities for purposes of the Portfolios policies regarding investments in equity securities, to the extent that such derivative instruments have economic characteristics similar to those of equity securities.

The Portfolio is authorized to operate on a multi-manager basis. This means that a single Portfolio may be managed by more than one Specialist Manager. The multi-manager structure is generally designed to provide investors access to broadly diversified investment styles. The Trust seeks to engage skilled Specialist Managers to provide a broad exposure to the relevant asset class and returns in excess of the Portfolios benchmark over time. The Portfolio is classified as a non-diversified fund, which means that the Portfolio is permitted to invest a greater portion of its assets in a limited number of issuers than would be the case if the Portfolio were classified as diversified.

C000069687 Costs and Fees

C000069687 costs about $83 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.83%
• Gross expense ratio: 0.83%
• Portfolio turnover: 48%
• Brokerage commissions: 5.19 bps of average net assets (SEC N-CEN)

C000069687 Cashflows

Over the 12 months to 2020-03, The Real Estate Securities Portfolio had net inflows of $65.73M, from monthly SEC N-PORT filings.

C000069687 Debt Constituents

No individual debt constituents are reported in The Real Estate Securities Portfolio's latest SEC N-PORT filing.

C000069687 Prospectus and SEC Filings

Official The Real Estate Securities Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-11-08
• Prospectus (485BPOS) — filed 2018-11-09
• Prospectus (485BPOS) — filed 2017-11-09
• Portfolio holdings (N-PORT) — filed 2020-05-27
• Portfolio holdings (N-PORT) — filed 2020-02-27
• Portfolio holdings (N-PORT) — filed 2019-11-21
• Annual census (N-CEN) — filed 2019-09-11
• Annual census, amended (N-CEN/A) — filed 2018-09-21

Related Funds

Other Emerging Markets Real Estate funds tracked on ABC INVEST:

• Westwood Low Volatility Equity Fund (WLVIX)
• Pzena U.S. Large Cap Value ETF (PZLV)
• Noble Absolute Return ETF (NOPE)
• Jackson Square Global Growth Fund (JSPVX)
• Jackson Square Select 20 Growth Fund (DPCEX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.