Lowell Bolken, Vice President and Portfolio Manager, Securian Asset Management, reviewed the landscape for real estate fundamentals and discussed the importance for investors to assess the long-term viability of real estate assets and their green tech credentials in this interview with the Nareit REIT Report.
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About Lowell Bolkin
As Vice President and Portfolio Manager, Lowell Bolkin is involved in the management of the Real Estate Securities and Real Asset Income portfolios. Active in the investment industry since 1989, Lowell’s hands-on experience in the real estate market includes property management, leasing, negotiating sales and placement of financed debt. Prior to joining the firm, Lowell was the head of Corporate Bond Research at RBC Dain Rauscher, focusing on utilities and other higher yielding sector investments. Lowell is a CFA Charterholder, and a member of the CFA Institute and CFA Society of Minnesota. Lowell has a Master of Business Administration in Real Estate and Financial Markets from Columbia Business School at Columbia University and a Bachelor of Arts in Computer Science from the University of North Dakota.
About Securian Asset Management, Inc.
As a financially stable non-public company, Securian Asset Management focuses on the long-term and execute consistently for our clients. Our asset management business has been built with a risk and liability management focus, coming from our long, successful history investing for our parent company’s general account. We stay true to our purpose, our values and our St. Paul, MN roots, while being innovative and nimble to help prepare our clients to meet their investment objectives from a position of strength.
About Liberty Street
The Liberty Street Funds offer investors and financial advisors mutual funds sub-advised by independent boutique managers who possess expertise in their asset class. Because Liberty Street focuses on boutique managers, financial advisors can provide value-added strategies in actively managed and less-correlated portfolios to their clients. Through its selective multi-manager family of funds, Liberty Street provides access to timely investment strategies. The Liberty Street Funds are based in New York City, NY and advised by Liberty Street Advisors, Inc. HRC Fund Associates, LLC, Member FINRA/SIPC, is an affiliate of Liberty Street.
For more information, financial professionals should contact their wholesaler by calling HRC Fund Associates, LLC. Advisors, Inc. at firstname.lastname@example.org or 212-240-9726. Individual investors and shareholders should contact their financial advisor, or the Fund at 800-207-7108.
Risks and Other Disclosures
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus with this and other information about the Securian AM Real Asset Income Fund (the “Fund”), please download here, or call 1-800-207-7108. Read the prospectus carefully before investing.
Holdings are subject to change. Not a recommendation to buy, sell, or hold any particular security. To view the fund’s holdings click here.
An investment in the Fund is subject to risk, including the possible loss of principal amount invested and including, but not limited to, the following risks: Market Turbulence Resulting from COVID-19. The outbreak of COVID-19 has negatively affected the worldwide economy, individual countries, individual companies and the market in general. The future impact of COVID-19 is currently unknown, and it may exacerbate other risks that apply to the Fund. Real Estate Securities Risk: These include risks such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments. Small-Cap and Mid-Cap Companies Risk: Investing in small and medium-sized companies involves greater risks than those associated with investing in large company stocks, such as business risk, significant stock price fluctuations and illiquidity. The Fund may invest in smaller or medium-sized companies, which involve additional risks such as limited liquidity and greater volatility than large companies. The Fund may invest in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. ETF/ETN Risk: The Fund may invest in ETFs and ETNs, which are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of the shares may trade at a discount to its net asset value (“NAV”), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares. MLP Tax Risk: MLPs are subject to certain risks inherent in the structure of MLPs, including complex tax structure risks, the limited ability for election or removal of management, limited voting rights, potential dependence on parent companies or sponsors for revenues to satisfy obligations, and potential conflicts of interest between partners, members and affiliates. Options/Futures Contracts Risk: The Fund may also use options and future contracts, which have the risks of unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of securities prices, interest rates and currency exchange rates. Leverage Risk: Covered calls may limit the upside potential of the underlying security. TIPS Risk: Interest payments on TIPS are unpredictable and will fluctuate as the principal and corresponding interest payments are adjusted for inflation. There can be no assurance that the CPI will accurately measure the real rate of inflation in the prices of goods and services. Diversification does not assure a profit or protect against loss in a declining market.
ESG means Environmental, Social, and Governance and is an evaluation of a firm’s collective conscientiousness for social and environmental factors. The fund does not have an ESG mandate.
The Fund may not be suitable for all investors. We encourage you to consult with appropriate financial professionals before considering an investment in the Fund.
The views in this material were those of the Fund’s Sub-advisor as of the date written and may not reflect its views on the date this material is first disseminated or any time thereafter. These views are intended to assist shareholders in understanding the Fund’s investment methodology and do not constitute investment advice.
The Fund is distributed by Foreside Fund Services, LLC. HRC Fund Associates is not affiliated with Foreside Fund Services LLC.
Liberty Street Advisors, Inc. is the advisor to the Fund. The Fund is part of the Liberty Street Family of funds within the Investment Managers Series Trust.