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USQ Core Real Estate Fund - USQ Core Real Estate Fd USD Cls IS - Class IS
mutual fund
USQSX
Payout Change
Pending
Price as of:
$22.43
+0.0
+0.0%
primary theme
Real Estate Sector Equity
share class
USQSX (Mutual Fund)
USQ Core Real Estate Fund - USQ Core Real Estate Fd USD Cls IS - Class IS
Payout Change
Pending
Price as of:
$22.43
+0.0
+0.0%
primary theme
Real Estate Sector Equity
share class
USQSX (Mutual Fund)
USQ Core Real Estate Fund - USQ Core Real Estate Fd USD Cls IS - Class IS
Payout Change
Pending
Price as of:
$22.43
+0.0
+0.0%
primary theme
Real Estate Sector Equity
share class
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$22.43
-
3.78%
$0.85
1.26%
Vitals
YTD Return
-4.5%
1 yr return
-7.0%
3 Yr Avg Return
-3.2%
5 Yr Avg Return
1.2%
Net Assets
$N/A
Holdings in Top 10
77.7%
52 WEEK LOW AND HIGH
$22.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.26%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.13%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$22.43
-
3.78%
$0.85
1.26%
USQSX - Profile
Distributions
- YTD Total Return -4.5%
- 3 Yr Annualized Total Return -3.2%
- 5 Yr Annualized Total Return 1.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.26%
- Dividend Yield 3.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameUSQ Core Real Estate Fund - USQ Core Real Estate Fd USD Cls IS - Class IS
-
Fund Family NameUnion Square Capital Partners
-
Inception DateSep 29, 2017
-
Shares Outstanding5636
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerThomas Miller
Fund Description
USQSX - Performance
Return Ranking - Trailing
| Period | USQSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -4.5% | -7.7% | 22.0% | 97.06% |
| 1 Yr | -7.0% | -7.3% | 29.4% | 99.58% |
| 3 Yr | -3.2%* | -12.6% | 5.4% | 80.93% |
| 5 Yr | 1.2%* | -12.1% | 14.7% | 90.54% |
| 10 Yr | N/A* | -2.1% | 14.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | USQSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -16.1% | -16.2% | 24.6% | 99.58% |
| 2022 | 1.7% | -51.3% | 2.5% | 2.12% |
| 2021 | 14.9% | -7.7% | 52.3% | 87.23% |
| 2020 | -3.7% | -42.2% | 35.0% | 12.61% |
| 2019 | 0.0% | 0.0% | 43.1% | 100.00% |
Total Return Ranking - Trailing
| Period | USQSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -4.5% | -7.7% | 22.0% | 97.06% |
| 1 Yr | -7.0% | -7.3% | 29.4% | 99.58% |
| 3 Yr | -3.2%* | -12.6% | 5.4% | 80.93% |
| 5 Yr | 1.2%* | -12.1% | 14.7% | 90.54% |
| 10 Yr | N/A* | -2.1% | 14.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | USQSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -12.6% | -13.7% | 25.0% | 99.16% |
| 2022 | 5.8% | -40.7% | 7.8% | 2.12% |
| 2021 | 19.6% | 7.8% | 54.6% | 90.64% |
| 2020 | 0.2% | -36.6% | 44.3% | 11.26% |
| 2019 | 4.1% | 4.1% | 46.4% | 100.00% |
NAV & Total Return History
USQSX - Holdings
Concentration Analysis
| USQSX | Category Low | Category High | USQSX % Rank | |
|---|---|---|---|---|
| Net Assets | N/A | 2.26 M | 61.4 B | N/A |
| Number of Holdings | 24 | 22 | 548 | 99.16% |
| Net Assets in Top 10 | 147 M | 1.29 M | 32.8 B | 57.56% |
| Weighting of Top 10 | 77.73% | 13.2% | 82.2% | 3.78% |
Top 10 Holdings
- Invesco Shrt-Trm Inv Gov&Agcy Instl 24.96%
- Clarion Lion Properties Fund Lp 13.49%
- Clarion Lion Properties Fund Lp 13.49%
- Clarion Lion Properties Fund Lp 13.49%
- Clarion Lion Properties Fund Lp 13.49%
- Clarion Lion Properties Fund Lp 13.49%
- Clarion Lion Properties Fund Lp 13.49%
- Clarion Lion Properties Fund Lp 13.49%
- Clarion Lion Properties Fund Lp 13.49%
- Clarion Lion Properties Fund Lp 13.49%
Asset Allocation
| Weighting | Return Low | Return High | USQSX % Rank | |
|---|---|---|---|---|
| Stocks | 75.79% | 0.00% | 100.25% | 80.67% |
| Cash | 19.87% | -42.50% | 24.34% | 2.10% |
| Other | 4.34% | -82.45% | 106.21% | 8.40% |
| Preferred Stocks | 0.00% | 0.00% | 31.13% | 81.51% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 77.64% |
| Bonds | 0.00% | 0.00% | 149.68% | 78.15% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | USQSX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 3.55% | 90.71% |
| Technology | 0.00% | 0.00% | 12.02% | 8.33% |
| Real Estate | 0.00% | 34.46% | 100.00% | 65.71% |
| Industrials | 0.00% | 0.00% | 7.39% | 91.35% |
| Healthcare | 0.00% | 0.00% | 0.53% | 90.71% |
| Financial Services | 0.00% | 0.00% | 37.05% | 91.99% |
| Energy | 0.00% | 0.00% | 33.11% | 90.71% |
| Communication Services | 0.00% | 0.00% | 11.61% | 91.35% |
| Consumer Defense | 0.00% | 0.00% | 0.93% | 91.03% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 95.51% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 91.35% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | USQSX % Rank | |
|---|---|---|---|---|
| US | 75.79% | 0.00% | 100.25% | 77.31% |
| Non US | 0.00% | 0.00% | 37.90% | 79.41% |
USQSX - Expenses
Operational Fees
| USQSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.26% | 0.07% | 8.91% | 45.96% |
| Management Fee | 0.65% | 0.00% | 1.50% | 30.67% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| USQSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| USQSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| USQSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 0.13% | 0.11% | 380.00% | 1.80% |
USQSX - Distributions
Dividend Yield Analysis
| USQSX | Category Low | Category High | USQSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.78% | 0.00% | 13.03% | 90.34% |
Dividend Distribution Analysis
| USQSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Annual |
Net Income Ratio Analysis
| USQSX | Category Low | Category High | USQSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.26% | -1.14% | 6.05% | 95.32% |
Capital Gain Distribution Analysis
| USQSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 13, 2024 | $0.212 | OrdinaryDividend |
| Jun 14, 2024 | $0.230 | OrdinaryDividend |
| Mar 15, 2024 | $0.235 | OrdinaryDividend |
| Dec 15, 2023 | $0.250 | ReturnOfCapital |
| Sep 15, 2023 | $0.261 | OrdinaryDividend |
| Jun 16, 2023 | $0.275 | OrdinaryDividend |
| Mar 17, 2023 | $0.282 | OrdinaryDividend |
| Dec 16, 2022 | $0.295 | OrdinaryDividend |
| Sep 16, 2022 | $0.309 | OrdinaryDividend |
| Jun 17, 2022 | $0.309 | OrdinaryDividend |
| Mar 18, 2022 | $0.296 | OrdinaryDividend |
| Dec 17, 2021 | $0.280 | OrdinaryDividend |
| Sep 17, 2021 | $0.265 | OrdinaryDividend |
| Jun 18, 2021 | $0.253 | OrdinaryDividend |
| Mar 19, 2021 | $0.249 | OrdinaryDividend |
| Dec 18, 2020 | $0.249 | OrdinaryDividend |
| Sep 18, 2020 | $0.249 | OrdinaryDividend |
| Jun 19, 2020 | $0.250 | OrdinaryDividend |
| Mar 20, 2020 | $0.260 | OrdinaryDividend |
| Dec 20, 2019 | $0.260 | OrdinaryDividend |
| Sep 20, 2019 | $0.260 | OrdinaryDividend |
| Jun 21, 2019 | $0.260 | OrdinaryDividend |
| Mar 22, 2019 | $0.259 | OrdinaryDividend |
| Dec 19, 2018 | $0.259 | OrdinaryDividend |
| Sep 21, 2018 | $0.257 | OrdinaryDividend |
| Jun 22, 2018 | $0.255 | OrdinaryDividend |
| Mar 23, 2018 | $0.250 | OrdinaryDividend |
| Dec 19, 2017 | $0.320 | OrdinaryDividend |
USQSX - Fund Manager Analysis
Managers
Thomas Miller
Start Date
Tenure
Tenure Rank
Sep 27, 2017
4.68
4.7%
Mr. Miller serves as the Chief Investment Officer of the Adviser, a position he has held since inception of the Adviser. Previously, Mr. Miller was Head of Manager Research at Nationwide Investment Management Group where he was responsible for the oversight and implementation of the Quantitative Research, Qualitative Review, Risk Analysis, and Monitoring process for the Nationwide Funds. Mr. Miller's responsibilities included the selection, monitoring, and de-selection of the investment managers utilized across multiple platforms. Prior to leading the Manager Strategies team, Mr. Miller was an Associate Vice President, Product Management and Research at Nationwide Investment Management Group. In that role, he was responsible for the day to day management of the Product Management team, which oversees products that support Nationwide Financial's retirement, annuity, life insurance and retail mutual fund businesses. Prior to joining Nationwide, Mr. Miller was a financial analyst at The Vanguard Group Inc. and a product manager at Delaware Investments. Prior to Delaware Investments, Mr. Miller was a Consultant, Product Management and Research at Nationwide Investment Management Group. Mr. Miller holds a Bachelor's degree in Business from the Pennsylvania State University, and an MBA from West Chester University. He also holds the Chartered Financial Analyst Designation (CFA).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 28.42 | 8.32 | 2.68 |
