Alt Assets

Question 0

Brookfield global infrastructure

Answer 0

Hard assets bc they are long term contracts with the potential to increase pricing based on inflation.

Equity exposure with a material income component

Provides stability (domestic and emerging)

Up to 25% in MLPs

Question 1

BlackRock Commodities

Answer 1

25% commodity futures
75% natural resources

Invests in companies that produce and process.

Hedge against stock and bond volatility, interest rates, & inflation

Question 2

Van Eck Gold

Answer 2

Invests in companies

Hedge against volatility, inflation, and declining US dollar

Adds diversification

Question 3

Franklin Temp Nat Resources

Answer 3

Companies over commodities bc it give the ability to actively manage returns

Energy, lumber, water… Energy company focused

Nat resource companies can respond to the supply and demands of each market and provide an income stream from the assets.

Question 4

INVESCO global real estate

Answer 4

80% in equity and debt securities of real estate and real estate related companies located in at least 3 countries, US, UK, Aust, Hong Kong.

Adds diversification, low correlations to other asset classes, and other countries.

Question 5

Red rocks private equity

Answer 5

First U.S. FIRM TO DEVELOP LISTED PE

Buys publicly traded securities that invest in privately held businesses and hold privately held companies that are in the early, middle, and late stages of development

Broad diversification across geography, industry, stage of investments (etc)

Private companies consistently outperform public

For: ppl looking to own private companies for broader diversification

Traditionally high barriers to entry

RR gets you access to 9 of the top 10 pe managers and 80% of the top 50

Question 6

Neuberger Berman Risk Balanced Commodity Strategy

Answer 6

The investment seeks total return. The fund seeks to achieve its goal by investing under normal circumstances in commodity-linked derivative instruments and fixed-income instruments. It seeks to gain exposure to the commodity markets by investing, directly or indirectly, in futures contracts on individual commodities and other commodity-linked derivative instruments. The Subsidiary also may invest in fixed income securities, cash or cash equivalent instruments, or money market mutual funds, some of which may serve as collateral for the Subsidiary’s derivative instruments. The fund may invest in cash or cash equivalent instruments. It is non-diversified.

Question 7

CenterSquare International Real Estate Securities

Answer 7

The investment seeks to maximize total return consisting of capital appreciation and current income. The fund normally invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in publicly-traded foreign equity securities of companies principally engaged in the real estate sector. It normally invests in a global portfolio of equity securities of real estate companies, including real estate investment trusts (“REITs”) and real estate operating companies, with principal places of business located in, but not limited to, the developed markets of Europe, Australia, Asia and North America (excluding the United States).