NYLI CBRE Real Estate Fund Class A is an actively managed mutual fund specializing in the real estate sector. Its primary objective is to seek total return by investing at least 80% of its assets in common and preferred stocks of U.S. real estate investment trusts (REITs) and other real estate companies. The fund is non-diversified, allowing it to concentrate its holdings in fewer issuers compared to diversified funds, and typically includes a portfolio of around 40 to 50 holdings. Managed by New York Life Investment Management LLC, with CBRE Investment Management as sub-adviser, the fund leverages an experienced team and a proven investment process focused on publicly traded real estate securities. It invests across both core and emerging real estate sectors, providing exposure to companies of varying market capitalizations, but generally avoids those below $100 million in size. The fund is structured to complement traditional stock and bond portfolios, offering potential diversification benefits and a yield profile often attractive to income-seeking investors. Dividends are typically distributed quarterly, and the fund’s open-ended structure ensures liquidity and transparency for shareholders.
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