Securian AM Real Asset Income Fund

C000222861 Fund Overview

Securian AM Real Asset Income Fund is a US mutual fund managed by Investment Managers Series Trust, categorised as Global (incl. US) 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: Investment Managers Series Trust
• Category: Global (incl. US) Real Estate
• Assets under management: $29.31M
• 1-year return: 5.4%
• SEC CIK: 0001318342
• SEC series ID: S000069989
• Share class ID: C000222861

C000222861 Investment Objective and Strategy

Securian AM Real Asset Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Investment Managers Series Trust.

Investment objective

The Securian AM Real Asset Income Fund (the Real Asset Income Fund or Fund) seeks above average income and long-term growth of capital,

Principal investment strategy

Under normal market conditions, the Fund primarily invests at least 80% of its net assets (including any borrowing for investment purposes) in real assets and securities of companies that derive at least 50% of their revenues from activities related to real assets. Real assets are defined broadly by the Fund to include any assets that have physical properties, such as energy and natural resources, real estate, basic materials, equipment, utilities and infrastructure, and commodities. The Fund will emphasize investments in dividend-paying equity securities, including common and preferred stocks, and securities convertible into common stocks, of mainly U.S. companies, but may also include fixed income securities of real asset companies, Treasury inflation-protected securities (TIPs), floating rate securities and foreign utilities, foreign infrastructure-related, and foreign real estate-related companies.

The Funds investment in foreign securities, including securities of foreign issuers which are not U.S. dollar denominated and/or traded in the U.S., will not exceed 30% of its total assets. Typically, the Funds sub-advisor concentrates its investments in, and allocates 40% or more of the Funds total assets to, Real Estate Securities. Real Estate Securities include securities issued by companies that receive at least 50% of their gross revenue from the construction, ownership, management, financing or sale of residential, commercial or industrial real estate and securities issued by companies primarily engaged in businesses that sell or offer products or services that are closely related to the real estate industry. Real Estate Securities also include securities issued by Real Estate Investment Trusts (REITs) or Real Estate Operating Companies (REOCs) that are listed on a securities exchange or traded over-the-counter (Real Estate Securities).

The Fund also may invest up to 25% of its total assets in the securities of master limited partnerships (MLPs). MLPs are publicly traded partnerships primarily engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. MLPs trade on national securities exchanges exactly like the shares of a corporation, without entity level taxation. The Fund may invest in companies of any size. The sub-advisors investment process emphasizes fundamental research and incorporates both top-down and bottom-up considerations to identify diversified sources of real return. Top-down factors, including current and forecasted financial market conditions, global economic trends, demographic trends, and public policies ranging from monetary to fiscal to regulatory, provide much of the broader portfolio construction framework.

The sub-advisor further incorporates into its top-down analysis a consideration of the prevailing financing markets conditions for pricing and availability of certain capital-intensive projects. The sub-advisors bottom-up analysis seeks to identify industries and companies that can flexibly adjust to investment opportunities that seek to deliver returns exceeding a companys cost of capital. In addition, the sub-advisors fundamental research utilizes both quantitative and qualitative analysis to evaluate the risk/return trade-off for relative positioning by asset class, sector, and industry in an effort to build an optimal risk-adjusted portfolio. Security selection represents the sub-advisors final level of decision-making in its investment process. In selecting securities, the Funds sub-advisor considers factors such as a companys dividend payments, financial condition, financial performance, quality of management, policies and strategies, business plans and competitive market condition, with emphasis on relative valuation.

In addition, the Fund may invest in fixed income securities of any duration or maturity (including TIPS). Duration measures the sensitivity of the price of a fixed income investment to a change in interest rates. For example, an investment with a two-year duration means that it will decrease in value by 2% if interest rates rise 1%. Conversely, the investment will increase in value by 2% if interest rates fall 1%. TIPS are fixed income securities issued by the U.S. Treasury. The value of the fixed income securitys principal is adjusted to track changes in the Consumer Price Index for all Urban Consumers before seasonal adjustment (calculated by the Bureau of Labor Statistics) (CPI). Because the interest rate on TIPS is fixed and is paid on the adjusted principal, interest payments will also rise with inflation and fall with deflation.

Upon maturity, TIPS return the greater of the original principal or the original principal plus any inflation adjustments since the bond was issued. The fixed income securities in which the Fund may invest include debt securities issued or guaranteed by the U.S. government or government-related entities, debt securities issued by corporations and other entities, mortgage-backed securities, and other asset-backed securities. The Fund may also invest up to 20% of its total assets in securities rated lower than investment grade or unrated securities of comparable quality as determined by the Funds sub-advisor (also known as junk bonds). In selecting fixed income investments, the sub-advisor considers factors such as, but not limited to, maturity, yield, duration, interest rates, credit quality, and diversification of portfolio holdings.

Instead of, and/or in addition to, investing directly in particular securities, the Fund may use derivative instruments, which are financial contracts whose values depend on, or are derived from, the values of underlying assets, reference rates, or indices. The derivative instruments that the Fund may use include options and futures to provide economic exposure to certain securities or issuers or as a hedging technique. The Fund may use one or more types of these instruments (i) with aggregate net notional value of up to 100% of the Funds net assets, or (ii) for which the initial margin and premiums do not exceed 5% of the Funds net assets, in each case excluding bona fide hedging transactions. Finally, the Fund may invest in investment companies, including closed-end funds, open-end funds, exchange-traded funds (ETFs), exchange-traded notes (ETNs), and futures, and may purchase options and write covered calls to manage inflation or volatility, increase income, or gain market exposure, among other purposes.

ETNs are debt obligations typically issued by investment banks that are traded on exchanges and whose returns are linked to the performance of market indices.

C000222861 Holdings

Top 10 holdings of Securian AM Real Asset Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000222861 holdings

C000222861 Portfolio Allocation

Asset-class allocation of Securian AM Real Asset Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000222861 Performance

Total returns for C000222861 (as of 2026-10-01), from SEC filings.

C000222861 Risk Information

Risk metrics for C000222861, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 13.3%

C000222861 Costs and Fees

C000222861 costs about $96 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.96%
• Gross expense ratio: 1.16%
• Portfolio turnover: 44%
• Brokerage commissions: 8.72 bps of average net assets (SEC N-CEN)

C000222861 Cashflows

Over the 12 months to 2022-05, Securian AM Real Asset Income Fund had net inflows of $54.16M, from monthly SEC N-PORT filings.

C000222861 Debt Constituents

Largest debt holdings of Securian AM Real Asset Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000222861 Prospectus and SEC Filings

Official Securian AM Real Asset Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-12-28
• Prospectus (485BPOS) — filed 2020-11-12
• Portfolio holdings (N-PORT) — filed 2022-07-27
• Portfolio holdings (N-PORT) — filed 2022-04-25
• Portfolio holdings (N-PORT) — filed 2022-01-26
• Annual census (N-CEN) — filed 2021-11-12

Related Funds

Other Global (incl. US) Real Estate funds tracked on ABC INVEST:

• MFS Global Real Estate Fund (MGLAX)
• Global Real Estate Securities Fund (POSAX)
• PGIM Global Real Estate Fund (PURCX)
• Global Real Estate Securities Fund (RIFSX)
• Global Real Estate Index Fund (NGREX)

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.