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Starlight Global Real Estate Fund Series A

Real Estate Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

NAVPS
(05-21-2024)
$7.54
Change
-$0.03 (-0.35%)

As at April 30, 2024

As at January 31, 2024

As at February 29, 2024

Period
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Legend

Starlight Global Real Estate Fund Series A

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Fund Returns

Inception Return (October 02, 2018): 0.10%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -5.13% -2.55% 5.11% -4.18% -7.18% -8.95% -3.44% 0.25% -0.97% - - - - -
Benchmark -4.98% -1.17% 11.32% -4.92% 1.47% -4.29% 0.20% 4.73% 0.40% 2.73% 1.90% 2.96% 3.55% 5.34%
Category Average -5.73% 9.52% 9.52% -4.99% -2.47% -7.35% -2.32% 2.64% 0.18% 2.10% 1.88% 2.68% 2.64% 4.08%
Category Rank 59 / 138 67 / 138 137 / 138 62 / 138 130 / 133 102 / 131 106 / 123 115 / 117 104 / 115 - - - - -
Quartile Ranking 2 2 4 2 4 4 4 4 4 - - - - -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -3.22% 0.58% 0.57% -0.56% -5.57% -3.94% 5.61% 3.87% -1.67% 1.86% 0.84% -5.13%
Benchmark -3.76% 0.71% 3.22% -0.62% -6.39% -2.07% 8.53% 7.88% -3.79% 1.17% 2.80% -4.98%

Best Monthly Return Since Inception

8.30% (January 2023)

Worst Monthly Return Since Inception

-16.09% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - 19.55% -6.16% 28.24% -23.19% 0.02%
Benchmark 30.89% 21.00% 1.59% 1.40% 2.74% 15.42% -11.04% 30.68% -19.44% 10.39%
Category Average 20.48% 11.96% 1.20% 5.38% 0.16% 19.52% -6.93% 27.77% -21.53% 6.48%
Quartile Ranking - - - - - 3 3 3 3 4
Category Rank - - - - - 62/ 107 62/ 117 71/ 123 85/ 123 132/ 133

Best Calendar Return (Last 10 years)

28.24% (2021)

Worst Calendar Return (Last 10 years)

-23.19% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 50.28
Income Trust Units 33.77
Cash and Equivalents 4.23
Other 11.72

Sector Allocation

Sector Allocation
Name Percent
Real Estate 80.40
Mutual Fund 11.72
Cash and Cash Equivalent 4.23
Healthcare 3.65

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Starlight Private Global Real Estate Pool Series A 11.72
Prologis Inc 4.82
Killam Apartment REIT - Units Cl A 4.71
Canadian Apartment Properties REIT - Units 4.49
Dream Industrial REIT - Units 4.49
Crown Castle International Corp 4.34
Granite REIT - Units 4.24
Cash and Cash Equivalents 4.23
InterRent REIT - Units 4.18
Boardwalk REIT - Units 4.08

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Starlight Global Real Estate Fund Series A

Median

Other - Real Estate Equity

3 Yr Annualized

Standard Deviation 15.87% 15.50% -
Beta 0.90% 0.85% -
Alpha -0.04% -0.01% -
Rsquared 0.90% 0.87% -
Sharpe -0.32% -0.11% -
Sortino -0.44% -0.23% -
Treynor -0.06% -0.02% -
Tax Efficiency - - -
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 -

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 12.08% 15.87% 15.50% -
Beta 0.69% 0.90% 0.85% -
Alpha -0.09% -0.04% -0.01% -
Rsquared 0.90% 0.90% 0.87% -
Sharpe -0.96% -0.32% -0.11% -
Sortino -0.99% -0.44% -0.23% -
Treynor -0.17% -0.06% -0.02% -
Tax Efficiency - - - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date October 02, 2018
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $16

Fund Codes

FundServ Code Load Code Sales Status
SLC101

Investment Objectives

The Fund’s investment objective is to provide regular current income by investing globally primarily in real estate investment trust (REITs) and equity securities of corporations participating in the residential and commercial real estate sector. We will not make a change to the Fund’s fundamental investment objective without first convening a meeting of the Fund’s Unitholders for that purpose. No change will be made unless approved by a majority of the votes cast at that meeting.

Investment Strategy

Techniques such as fundamental analysis may be used to assess growth and value potential, with attention paid to both upside potential and downside risk. This means evaluating the financial condition and management of each company, its industry and the overall economy. As part of this evaluation, the Portfolio Manager may: • analyze financial data and other information sources; • assess the quality of management; and • conduct company interviews, where possible.

Portfolio Manager(s)

Name Start Date
Dennis Mitchell 10-02-2018

Management and Organization

Fund Manager Starlight Investments Capital LP
Advisor Starlight Investments Capital LP
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Investor Services Trust (Canada)
Distributor -
Auditor Deloitte LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 2.41%
Management Fee 1.90%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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