TFRIX — Terra Firma US Concentrated Realty Equity Fund
Data updated: 2025-03-13
TFRIX — Terra Firma US Concentrated Realty Equity Fund. United States Mid Cap Blend / Core Equity · $21.05M AUM. Holdings, fees, performance and SEC filings.
TFRIX Fund Overview
TFRIX — Terra Firma US Concentrated Realty Equity Fund is a US mutual fund managed by Trust For Professional Managers, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Trust For Professional Managers
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $21.05M
- 1-year return: 9.2%
- Ticker: TFRIX
- SEC CIK: 0001141819
- SEC series ID: S000068561
- Share class ID: C000219404
TFRIX Investment Objective and Strategy
Terra Firma US Concentrated Realty Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Trust For Professional Managers.
Investment objective
The primary investment objective of the Terra Firma US Concentrated Realty Equity Fund (the Fund) is long-term capital appreciation,
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its assets in equity securities (including common, convertible and preferred stocks) of U.S. Realty Companies (as defined below), and synthetic instruments related to U.S. Realty Companies. Such synthetic instruments are investments that have economic characteristics similar to the Funds direct investments in U.S. Realty Companies and include warrants, rights, options and shares of exchange-traded funds (ETFs). The portfolio managers conduct their own research to select the Funds investments, based on an analysis of macroeconomic factors, real estate sectors, and individual company attributes. Research on company level attributes may include analysis using numerical or financial measures such as earnings growth potential, price to net asset value (NAV) ratios, dividend yield, price to earnings ratios, among others.
More qualitative factors at the company level may also include an assessment of the companys overall business, growth strategy, quality of management, and quality of owned properties. Realty Companies are real estate-related companies of any size and include real estate investment trusts (REITs), real estate operating or service companies and companies in the home building, lodging and hotel industries, as well as companies engaged in the natural resources and utility industries, and other companies whose investments, balance sheets or income statements are real estate-intensive ( i.e. , the companys actual or anticipated revenues, profits, assets, services or products are related to real estate). The Fund may invest in issuers of any market capitalization and securities of any maturity, and the Funds investments also may include securities purchased in initial public offerings (IPOs).
The Fund also may invest up to 20% of its assets in equity and fixed income and debt securities and instruments of companies or entities (which need not be U.S. Realty Companies), including, but not limited to, securities of non-U.S. companies and other investment companies. The Funds investments in preferred stock and convertible and fixed income and debt securities may include securities which, at the time of purchase, are rated below investment grade by a nationally recognized statistical rating organization, or the unrated equivalent as determined by the portfolio managers (junk bonds). In addition to purchasing options, the Fund may, but is not required to, write put and covered call options on securities and indexes, for hedging purposes or to seek to increase returns. The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended (the 1940 Act), which means that it may invest a relatively high percentage of its assets in a limited number of issuers, when compared to a diversified fund.
TFRIX Holdings
Top 10 holdings of Terra Firma US Concentrated Realty Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Extra Space Storage Inc | 11.44% |
| Prologis Inc | 10.43% |
| Equinix Inc | 10.04% |
| Public Storage | 8.26% |
| Mid-America Apartment Communit | 6.06% |
| US Bank Mmda - Usbfs 2 | 5.64% |
| American Tower Corp | 4.62% |
| AvalonBay Communities Inc | 4.60% |
| SBA Communications Corp | 4.50% |
| Alexandria Real Estate Equitie | 4.43% |
TFRIX Portfolio Allocation
Asset-class allocation of Terra Firma US Concentrated Realty Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 94.1% |
| Cash & Equivalents | 5.6% |
TFRIX Performance
Total returns for TFRIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.2% |
| 3 years (annualised) | 3.0% |
TFRIX Risk Information
Risk metrics for TFRIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.1%
TFRIX Costs and Fees
TFRIX costs about $100 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.00%
- Gross expense ratio: 2.27%
- Portfolio turnover: 58%
- Brokerage commissions: 0.51 bps of average net assets (SEC N-CEN)
TFRIX Cashflows
Over the 12 months to 2024-03, Terra Firma US Concentrated Realty Equity Fund had net inflows of $3.95M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | −$543.69K |
| 2024-02 | −$235.92K |
| 2024-01 | −$286.10K |
| 2023-12 | $1.59M |
| 2023-11 | $509.96K |
| 2023-10 | $289.44K |
TFRIX Debt Constituents
No individual debt constituents are reported in Terra Firma US Concentrated Realty Equity Fund's latest SEC N-PORT filing.
TFRIX Prospectus and SEC Filings
Official Terra Firma US Concentrated Realty Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-26
- Prospectus (485BPOS) — filed 2023-04-26
- Prospectus (485BPOS) — filed 2022-04-22
- Portfolio holdings (N-PORT) — filed 2024-05-22
- Portfolio holdings (N-PORT) — filed 2024-02-26
- Portfolio holdings (N-PORT) — filed 2023-11-17
- Annual census (N-CEN) — filed 2025-03-13
- Annual census (N-CEN) — filed 2024-03-07
Related Funds
Other United States Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
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.