Absent material conflicts, the President of the Adviser, in consultation with the Investment Committee, will determine how the Adviser should vote the Proxy in accordance with applicable voting guidelines (see below), taking into account the recommendation of the Portfolio Manager. Liability Driven Investing (LDI) Customized solutions structured to fit your LDI needs. All returns reflect reinvested dividends, but do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. As a result, the Adviser may cast different votes on behalf of different Clients. NIC Audit Committee Report September 2020.pdf. The term -. The Funds Private Allocation Sub-Advisor, Aon Hewitt Investment Consulting, an Aon Company, provides investment consulting services to over 480 clients in North America with total client assets worldwide of approximately $4 trillion, including more than $3 trillion in the U.S. as of December 31, 2015. The Trustees also reviewed a memorandum from the Funds legal counsel that summarized the fiduciary duties and responsibilities of the Board of Trustees in reviewing and approving the Investment Advisory Agreement, including the types of information and factors that should be considered in order to make an informed decision. The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Audit Committee of Listed Registrants. See how we can help you work toward your goalseven as they evolve over years or generations. The Fund pursues its investment objective by strategically investing across private institutional real estate investment funds as well as a diversified set of public real estate securities. As of September 30, 2016, the Fund had $65,000,000 of outstanding borrowings relating to BNP. The Adviser will provide conspicuously displayed information in its Disclosure Document summarizing this proxy voting policy and procedures, including a statement that the Clients and Investors may request information regarding how the Adviser voted a Clients Proxies, and that the Clients and Investors may request a copy of these policies and procedures. WAM is the weighted average maturity of the portfolio. The firm was founded in 2012 and is based in San Francisco, CA. PDF Prime Property Fund 31-Jan-2023. Agenda/Materials. In consideration of the Advisers agreement to limit the Funds expenses, the Fund has agreed to repay the Adviser in the amount of any fees waived and Fund expenses paid or absorbed, subject to the limitations that: (1) the reimbursement for fees andexpenses will be made only if payable not more than three years from the end of the fiscal year in which they were incurred; and (2) the reimbursement may not be made if it would cause the Expense Limitations to be exceeded. The registrant has not adopted procedures by which shareholders may recommend nominees to the registrants Board of Trustees. Counsel with preschool director around staff, school programs and best practices. McMaster Investment Pool - Financial Affairs The fund may be impacted by movements in the exchange rates between the fund's currency and the currencies of the fund's investments. The Adviser does not vote proxies regarding securities held by Underlying Funds but rather, may vote on issues regarding the Underlying Funds. Our insightful research, advisory and investing capabilities give us unique and broad perspective on sustainability topics. . Holdings are subject to change. Average borrowings and the average interest rate for the days the Credit Suisse line of credit was outstanding during the year ended September 30, 2016 were $41,831,967 and 3.17%, respectively. Across all our businesses, we offer keen insight on today's most critical issues. The largest outstanding borrowing during the year ended September 30, 2016 relating to Credit Suisse was $149,500,000. Past performance is not a guarantee of future results. In considering the Advisers practices regarding conflicts of interest, the Trustees evaluated the potential for conflicts of interest and considered such matters as the experience and ability of the advisory personnel assigned to the Fund; the basis of decisions to buy or sell securities for the Fund and the Advisers other accounts; the method for bunching of portfolio securities transactions; and the substance and administration of the Advisers code of ethics. Furthermore, you may obtain a copy of the filing on the SECs website at http://www.sec.gov. The Funds private holdings include: Formerly known as the Cornerstone Patriot Fund. Correlation is a statistical measure of how two securities move in relation to each other. * Additional Information on Investments in Private Investment Funds: Written notice required for redemption, no minimum timeline required. . 4.76%---- Cortland Growth And Income Fund, L.P. 4.71%-- . CenterSquare Investment Management has been managing real estate securities portfolios since 1995 across multiple strategies and market cycles. Over the past twelve months and through careful portfolio composition, we reduced our exposure to the multi-family sector by 603 basis points and increased our office exposure by 482 basis points. In considering the investment performance of the Fund and CenterSquare, the Trustees discussed the performance of the public investments portion of the Fund. Because most, if not all, of the Underlying Funds are privately placed, they generally do not issue proxies. Spencer Propper Mr. Propper serves as Vice President of Griffin Capital Advisor, LLC and Associate Portfolio Manager of Griffin Institutional Access Real Estate Fund. As previously stated, we remain focused on net operating income (NOI) growth. Shareholder servicing fees payable (Note 3), Lines of credit interest payable (Note 6), Investment advisory fees payable (Note 3), Accumulated net realized gain on investments, Net unrealized appreciation on investments, Net asset value, and redemption price per share, Shares of beneficial interest outstanding (unlimited number of shares, no par value common stock authorized), Maximum offering price per share ((NAV/0.9425), based on maximum sales charge of 5.75% of the offering price), Net asset value, offering and redemption price per share. A fund or portfolio may differ significantly from the securities included in the index. The Barclays U.S. The Distributor is an affiliate of the Administrator and the Transfer Agent. We offer scalable investment products, foster innovative solutions and provide actionable insights across sustainability issues. The Portfolio Manager is responsible for coordinating this process in a timely and appropriate manner and delivering the Proxy to the Underlying Fund prior to the deadline. The Fund has entered into a Distribution Agreement with ALPS Distributors, Inc. (the Distributor) to provide distribution services to the Fund. In the Media. Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer of the Global Balanced Risk Control (GBaR) Team, shares his macro thematic views on key market drivers. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. To the Board of Trustees and the Shareholders of. The Funds investment adviser is Griffin Capital Advisor, LLC (the Adviser). Prime Property Fund, LLC /s/ Bennett A. Weaver: Bennett A. Weaver: Head of Operations, Prime Property Fund, LLC: 2021-02-04: Returns may increase or decrease as a result of currency fluctuations. As of September 30, 2016, the Fund had $1,066,237,965 of the private and public securities pledged as collateral for its lines of credit. Previously, Dr. Anderson held several senior executive positions at Bluerock Real Estate LLC., including founding partner of the Bluerock Total Income + Real Estate Fund where he was the portfolio manager. The largest outstanding borrowing during the year ended September 30, 2016 relating to BNP was $65,000,000. Shareholders should not assume that the source of a distribution from the Fund is net profit. The valuation techniques used by the Fund to measure fair value during the year ended September 30, 2016 maximized the use of observable inputs and minimized the use of unobservable inputs. Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. At Morgan Stanley, giving back is a core valuea central part of our culture globally. Morgan Stanley helps people, institutions and governments raise, manage and distribute the capital they need to achieve their goals. The audit committees pre-approval policies and procedures require that all services to be performed by the registrants principal accountant must be pre-approved by the registrants audit committee. 31-Jan-2023, As of hb```e``"g\dd@ A( Underpinning all that we do are five core values. PDF Annual Report - PREDEXPREDEX All performance data is calculated NAV to NAV, net of fees, and does not take account of commissions and costs incurred on the issue and redemption of units. Aggregate Bond Index, Griffin Institutional Access Real Estate Fund C Without Load, Griffin Institutional Access Real Estate Fund C With Load**, Griffin Institutional Access Real Estate Fund I NAV. The Fund may use the fair value of a security to calculate its NAV when, for example, (1) a portfolio security is not traded in a public market or the principal market in which the security trades is closed, (2) trading in a portfolio security is suspended and not resumed prior to the normal market close, (3) a portfolio security is not traded in significant volume for a substantial period, or (4) the Adviser determines that the quotation or price for a portfolio security provided by a broker-dealer or independent pricing service is inaccurate. 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. Premier. The Repurchase Offer Amount will be no less than 5% and no more than 25% of the total number of shares outstanding on the Repurchase Request Deadline. Global Asset Management | Western Asset The Fund is actively managed, and the management of the fund is not constrained by the composition of the Benchmark. Kansas Public Employees Retirement System (PERS) has approved a $100m (85.1m) commitment to Morgan Stanley's core open-ended US fund. Healthcare Trust of America, Inc., Class A, 1.888.926.2688 | www.griffincapital.com, TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $1,122,109,673), TOTAL INVESTMENTS (100.16%) (Cost $1,122,109,673), Liabilities in Excess of Other Assets (-0.16%). Trustees Consideration and Approval of continuation of Sub-Advisory Agreement with CenterSquare.
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