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REITs Stepping Up
to Help in COVID

March 31, 2020

REITs Stepping Up to Help in COVID

One of the Fund’s Key Performance Indicators is Community Engagement. We are pleased to see so many of our portfolio companies proactively helping their communities during the COVID-19 global health crisis. Here are just a few examples:


DATA CENTERS
Equinix, Inc. is extending data services for free to qualifying healthcare, education, research, and government services organizations that are providing public relief or other essential services.

QTS Realty Trust is boosting donations to eleven food banks in local communities in response to increased demand created by the crisis. The REIT has also established a program, in partnership with several leading financial institutions, to assist customers who may be experiencing disruption in their business.

HEALTH CARE

Healthpeak Properties, Inc is supporting COVID-19 medical efforts by providing available space to hospitals and tenants at no charge. Vacant suites are being utilized for screening and isolation, and parking lots are being used for drive-through testing.

Ventas, Inc. has established an April rent deferral program for its senior housing tenants. Ventas estimates that the amount of payments deferred under the terms of this program for April could be in the range of $3-9 million.


RESIDENTIAL

AvalonBay Communities, Inc. is assisting its residents by waiving late fees, providing flexible lease renewal options at no rent increase, and creating payment plans for residents unable to pay their rent as a result of the crisis. AvalonBay is adopting new, temporary leave policies for its employees and is providing all regular, full- and part-time employees with up to four weeks of emergency paid leave to use in the event they or their families have been materially impacted by the coronavirus.

Essex Property Trust, Inc. has implemented a wide range of policies to protect and support residents, employees, and protect local jobs. Among those are a halt to evictions for 90 days for residents financially impacted by COVID-19, a 90-day freeze on rent increases for lease renewals, and payment plans and waiving of fees for residents unable to pay rent. Essex is also suspending evictions for 90 days for commercial tenants whose businesses have been financially impacted.

RETAIL

Kimco Realty Corp is working quickly to provide facilities in the communities where the REIT operates. Kimco is fast-tracking the approval of drive-thru testing centers, blood drive locations, and school lunch pick-ups, and several of its centers are already offering these services.

Explore more insights.

The companies highlighted above are held by the Vert Global Sustainable Real Estate Fund as of March 31, 2020 in following amounts: Equinix , Inc 5.22%, QTS Realty Trust 0.59%, Healthpeak Properties, Inc. 2.05%, Ventas Inc. 1.62%, AvalonBay Communities 3.42%, Essex Property Trust 2.49%, Kimco Realty Corp 0.62%.

Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security. Current and future holdings are subject to change.

Please refer to the Prospectus for full risk disclosures. All data as of March 31, 2020 and subject to change daily.

The Vert Global Sustainable Real Estate Strategy operated as mutual fund from October 31, 2017 and prior to the fund reorganization on December 4, 2023. The investment objectives have not changed.

Investing involves risk. Principal loss is possible. Investors should be aware of the risks involved with investing in a fund concentrating in REITs and real estate securities, such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments. Investments in foreign securities involve political, economic and currency risks, greater volatility and differences in accounting methods. A REIT’s share price may decline because of adverse developments affecting the real estate industry. REITs may be subject to special tax rules and may not qualify for favorable federal tax treatment which could have adverse tax consequences. The Fund’s focus on sustainability may limit the number of investment opportunities available to the fund and at time the fund may under perform funds that are not subject to similar investment considerations. Diversification does not assure a profit or protect against loss in a declining market.

Please refer to the prospectus for important information about the investment company including investment objectives, risks, charges and expenses which must be considered carefully before investing. You may also obtain a hardcopy of the prospectus by calling 1-844-740-VERT. Read it carefully before investing.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance is annualized for periods greater than 1 year. For performance current to the most recent month end please call 1-844-740-VERT. Standardized performance of the Fund is viewable under the Information tab. Click here for standardized performance of the Fund.

Fund holdings and/or sectors are subject to change at any time and are not recommendations to buy or sell any security. Current and future holdings are subject to change. Click here for the Fund’s current top ten holdings.

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