Private Credit & Equity: Private Credit & Equity. We adhere to Oaktree’s investment philosophy, emphasizing the purchase of assets – or liens on assets – where we believe the relationship between risk and return is asymmetrical and where we believe relationships and a knowledge advantage can make a significant positive impact on our ability to successfully source, purchase, manage and exit investments. The commodities markets may fluctuate widely based on a variety of factors, including changes in overall market movements, domestic and foreign political and economic events and policies, war, acts of terrorism, changes in domestic or foreign interest rates and/ or investor expectations concerning interest rates, domestic and foreign inflation rates and investment and trading activities of mutual funds, hedge funds and commodities funds. Fixed-income securities are subject to the ability of an issuer to make timely principal and interest payments (credit risk), changes in interest rates (interest-rate risk), the creditworthiness of the issuer and general market liquidity (market risk). Companies within the infrastructure industry are subject to a variety of factors that may adversely affect their business or operations, including high interest, leverage and regulatory costs, difficulty raising capital, the effect of an economic slowdown or recession and surplus capacity, and increased competition. A comprehensive assessment of noteworthy trends shaping the global investment risk environment and our portfolio allocations. May not sum to 100% due to the exclusion of other assets and liabilities. Index definitions can be found on the individual fund pages. Insights by Global Listed Real Assets Team. Investment Philosophy. These pages can be opened by clicking the fund's name in the left column of the above table. We invest in private markets 10 that include private equity and real assets, including real estate and infrastructure investments, exclusively using external investment managers. We invest on a global basis across a wide range of asset classes including private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and … There is no assurance that a portfolio will achieve its investment objective. OTHER CONSIDERATIONS This material is a general communication, which is not impartial and all information provided has been prepared solely for informational and educational purposes and does not constitute an offer or a recommendation to buy or sell any particular security or to adopt any specific investment strategy. Market values can change daily due to economic and other events (e.g. Performance of other share classes will vary. Roughly 42% of capital raised over the past two years was focused on the US property markets, 40% … Where the net expense ratio is lower than the gross expense ratio, certain fees have been waived and/or expenses reimbursed. Infrastructure. A timely analysis of market-changing events and their impact on the investment landscape. It is not possible to invest directly in an index. The firm's affiliated entities and portfolio companies manage more than $2.4 billion in discretionary assets and maintain top-tier track … Jonathan Rotolo, Head of Private Equity / Real Assets, discusses the potential benefits of an alternative investment strategy focused on real assets and asset-based private equity and what such an approach looks like in practice. Effective December 7, 2020, Laurel Durkay was added as portfolio manager on the Fund. reflects current fee waivers in effect. Andrew Slimmon, lead portfolio manager of the Applied Equity Advisors suite of funds and strategies shares his TAKE -- Takeaways & Key Expectations – on the financial markets. When investing in value securities (those believed to be undervalued in comparison to their peers), the market may not have the same value assessment as the manager, and, therefore, the performance of the securities may decline. ZoomInfo provides a real … The performance of real assets, for example, has been … At the junior levels, the work in real estate private equity is similar to the work in normal private equity: deal sourcing, analyzing potential investments, … Stocks of small- and medium-capitalization companies entail special risks, such as limited product lines, markets and financial resources, and greater market volatility than securities of larger, more established companies. Weighted Median Market Capitalization is the point at which half of the market value of a portfolio or index is invested in stocks with a greater market cap, while the other half of the market value is invested in stocks with a lower market cap. Weighted Average Market Capitalization is an average of the market capitalization of stocks comprising a portfolio or index, adjusted by each stock’s weight in the portfolio or index. Performance and fund information is as of the most recent calendar quarter end, unless otherwise noted. © 2021 Morningstar. Supply and demand for ETFs may not be correlated to that of the underlying securities. Real Estate Commodities, real estate, equipment, and natural resources are all types of real assets. 12/31/2020. 12/31/2020, As of 12/31/2020, As of For further details, please see our Terms of Use. WAM is the weighted average maturity of the portfolio. Ideas across disciplines uncover novel insights for sharper decision-making. 02/28/2021, As of Private equity (PE) typically refers to investment funds, generally organized as limited partnerships, that buy and restructure companies that are not publicly traded.. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. Real assets; Capital markets; Private equity; Real assets UK commercial property . Please consider the investment objective, risks, charges and expenses of the fund carefully before investing. A real asset is a tangible investment that has an intrinsic value due to its substance and physical properties. In this Viewpoint, we discuss the unique real asset and private equity … Gross exposure % calculated as [(MV of long cash security and derivative positions)+(absolute value of MV in short derivative positions)]/(portfolio MV). Global equities is represented by the MSCI All Country World Index. Private Markets has a global mandate to invest in (i) Private Equity, (ii) Real Assets and (iii) Energy, Natural Resources & Infrastructure. Member FINRA/SIPC. is considered non-investment grade. There is the risk that the Adviser’s asset allocation methodology and assumptions regarding the Underlying Portfolios may be incorrect in light of actual market conditions and the Portfolio may not achieve its investment objective. Accordingly, you can lose money investing in this strategy. The SEC 30-day yield - Subsidized (Sub.) Investments in natural resource industries can be significantly affected by events relating to those industries, such as international political and economic developments, energy conservation, the success of exploration projects, tax and other government regulations, as well as other factors. Returns are net of fees and assume the reinvestment of all dividends and income. As of The … A monthly publication featuring the Global Multi-Asset Team’s latest views on the economic and market environment and how best to position portfolios. Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. The inception date reflects the inception date of the Private Fund. The WAL calculation utilizes a security's stated final maturity date or, when relevant, the date of the next demand feature when the fund may receive payment of principal and interest (such as a put feature). Brookfield Asset Management is a global alternative asset manager with over $575 billion in assets under management. DEFINITIONS "NR" or "Not Rated" indicates that no rating has been requested, that there is insufficient information on which to base a rating, or that S&P does not rate a particular obligation as a matter of policy. Our team of over 30 investment professionals partner with best-in-class managers through commingled funds, separate accounts, co-investments and direct investments to enhance TRS’ long-term risk-adjusted returns and provide diversification to the overall Trust. The risks of investing in emerging market countries are greater than the risks generally associated with foreign investments. In a rising interest-rate environment, bond prices may fall and may result in periods of volatility and increased portfolio redemptions. Portfolios are subject to market risk, which is the possibility that the market values of securities owned by the portfolio will decline. Marco founded Real Asset Partners in 2013 and founded Real Asset Group in the end of 2018. The WAM calculation utilizes the interest-rate reset date, rather than a security's stated final maturity, for variable- and floating- rate securities. Longer-term securities may be more sensitive to interest rate changes. The chart … He brings over 20 years’ experience in investment banking and real … Ratings: The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Morgan Stanley Distribution, Inc. MLPs carry interest rate risk and may underperform in a rising interest rate environment. The challenge is that modeling private equity … Our real assets platform capitalizes on Oaktree’s global footprint, multi-disciplinary … The indices are unmanaged and should not be considered an investment. portfolio liquidity) of events. Real Estate Private Equity Jobs: The Full Description. The services described on this website may not be available in all jurisdictions or to all persons. Individual Master Limited Partnerships (MLPs) are publically traded partnerships that have unique risks related to their structure. 03/11/2021. The indices do not include any expenses, fees or sales charges, which would lower performance. Ratings apply only to the underlying holdings of the portfolio and does not remove market risk. © 2007-2021 Oaktree Capital Management, L.P. All rights reserved. 12/31/2020, As of Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. /pub/etc/imwebdata/im/data/misc/translation/translation.json, /pub/etc/imwebdata/im/data/misc/translation/aggTranslation.json. 01/31/2021, As of Net exposure % calculated as [(MV of long cash security and derivative positions)-(absolute value of MV in short derivative positions)]/(portfolio MV). We combine a top-down investment process with bottom-up security selection. Real Estate. For real assets such as private equity, infrastructure, and real estate, computing the time-variance of trade prices is of limited interest because there is not much trading in these assets. Absent such waivers and/or reimbursements, returns would have been lower. The investment team manages the Portfolio relative to this Blended Index. AXA’s Scemama: Private equity investing ‘is a big area of growth’ Evelyn Lee - 20 January 2021 The executive expects investments in operators to become an increasing part of the French insurer’s real … This paper focuses on private real assets, Please be aware that this strategy may be subject to certain additional risks. Inception Returns reflect the inception date of the fund. Ratings are relative and subjective and are not absolute standards of quality. Derivative instruments may disproportionately increase losses and have a significant impact on performance. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. does not reflect the fee waivers currently in effect. S&P's credit ratings express its opinion about the ability and willingness of an issuer to meet its financial obligations in full and on time. For the most recent month-end performance figures, please click on the monthly radio button above or call 1-800-548-7786. Historical performance shown prior to this date reflects that of the Blended Index with the new fixed income component. Federal Reserve holdings of US TIPS are not index eligible and are excluded from the face amount outstanding of each bond in the index). Effective December 7, 2020, Laurel Durkay was added as portfolio manager on the Fund. In-depth insights on emerging and global Chicago Teachers’ Pension Fund has issued a request for proposal on 12 January 2021, for all qualified professional firms interested in providing general real assets and/or private equity … By investing in Exchange traded funds (ETFs), the portfolio absorbs both its own expenses and those of the ETFs it invests in. The top-performing fund in a category will always receive a rank of 1. Private Equity Real Estate is a global asset class and with valued at more than $4 trillion in aggregate. Accordingly, WAL reflects how a portfolio would react to deteriorating credit (widening spreads) or tightening liquidity conditions. They also may be subject to counterparty, liquidity, valuation, correlation and market risks. SEC yield is a measure of the income generated by the portfolio's underlying asset over the trailing 30 days, relative to the asset base of the portfolio itself. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. Subscriptions    •    Privacy & Cookies    •    Terms of Use. Illiquid securities may be more difficult to sell and value than publicly traded securities (liquidity risk). Our real assets platform capitalizes on Oaktree’s global footprint, multi-disciplinary capabilities, extensive network of industry experts, and key relationships with operating partners. To that end, investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision. Class C shares include deferred sales charge of 1.00% which declines to zero after first year. Please keep in mind that double-digit returns are highly unusual and cannot be sustained. Security ratings disclosed above have been obtained from Standard & Poor's Ratings Group ("S&P"). 02/28/2021, As of