Sailing speed follows growth: 10.3% a year crosses the harbor in 49 seconds.
No warning signs on the measures below.
Boat condition = number of warning signs: warning filings ≥ 5% of the fund; liabilities over assets ≥ 10%; slow and jumpy ≥ 30%; top 10 ≥ 60%; revenue ranges ≥ ±20%. A picture of the signs, not a rating and not investment advice.
| Measure | Value | What it means |
|---|---|---|
| Warning share | 4.4% | Share of the fund in companies that filed a warning event in the last 12 months. Lower is healthier. |
| Top-10 weight | 59.1% | How much the 10 largest holdings carry. Higher means more rides on a few names. |
| Effective holdings | 20 | The fund behaves like this many equal holdings (1 ÷ Σ weight²). Higher is more diversified. |
| Largest sector | Real estate & trusts 99% | Of the holdings checked. Real estate & trusts 99% · Industrials & services 1%. |
| Revenue range | ±13.4% | Weighted width of Edgarette’s tested 80% revenue ranges, on the 22% of the fund she covers. Narrower is more predictable. |
| Checked | 94.3% | Share of the fund Health Watch has read. |
| Cash conversion | 46.4% | Operating cash as a share of revenue, weighted. Higher = money arrives faster. |
| Growth speed | 10.3% a year | Revenue growth per year over three years, weighted. The long-term engine. |
| Dividend payers | 78% · raised 70% | Share of the covered fund in companies paying a common dividend, and raising it. |
| Equity ratio | 38.4% | Equity as a share of assets, weighted. Higher = less owed to others. |
| Liabilities over assets | 9.8% | Share of the covered fund in companies whose liabilities exceed assets (often from buybacks, not always distress). |
Inside view (own filings) and outside view (same-size peers) must agree · covers 94% of the fund · a description, not advice.
Counted as a warning: late-filing notice, bankruptcy, debt trigger, non-reliance, auditor change, restructuring, impairment or cyber incident. Leadership changes and exchange listing notices or transfers are listed but not counted, because the filing code alone cannot tell a warning from routine housekeeping.
| Kind | Holdings | Share of fund |
|---|---|---|
| Restructuring or exit costs | 1 | 3.4% |
| Material impairment | 1 | 1.0% |
| Holding | Weight | Health watch, last 12 months |
|---|---|---|
| Welltower Inc $WELL | 11.01% | quiet · leadership change |
| Prologis Inc $PLD | 8.68% | quiet · leadership change |
| Equinix Inc $EQIX | 7.06% | quiet · leadership change |
| American Tower Corp $AMT | 5.24% | quiet · leadership change |
| Simon Property Group Inc $SPG | 4.98% | quiet · leadership change |
| Realty Income Corp $O | 4.55% | quiet · leadership change |
| Digital Realty Trust Inc $DLR | 4.53% | quiet · leadership change |
| Public Storage $PSA | 4.48% | quiet · leadership change |
| Ventas Inc $VTR | 4.47% | quiet · leadership change |
| CBRE Group Inc $CBRE | 4.08% | quiet · leadership change |
| Iron Mountain Inc $IRM | 3.89% | quiet · leadership change |
| Crown Castle Inc $CCI | 3.42% | Restructuring or exit costs · leadership change |
| Extra Space Storage Inc $EXR | 3.18% | quiet · leadership change |
| VICI Properties Inc $VICI | 3.00% | quiet · leadership change |
| AvalonBay Communities Inc | 2.71% | not checked |
| Equity Residential | 2.40% | not checked |
| Essex Property Trust Inc $ESS | 1.94% | quiet |
| SBA Communications Corp $SBAC | 1.94% | quiet · leadership change |
| Weyerhaeuser Co $WY | 1.79% | quiet · leadership change |
| Kimco Realty Corp $KIM | 1.77% | quiet · leadership change |
| Invitation Homes Inc $INVH | 1.71% | quiet · leadership change |
| Mid-America Apartment Communities Inc $MAA | 1.68% | quiet |
| Host Hotels & Resorts Inc $HST | 1.56% | quiet |
| Healthpeak Properties Inc $DOC | 1.53% | quiet |
| Regency Centers Corp $REG | 1.36% | quiet · leadership change |
| UDR Inc $UDR | 1.22% | quiet · leadership change |
| CoStar Group Inc $CSGP | 1.20% | quiet · leadership change |
| Camden Property Trust $CPT | 1.19% | quiet · leadership change |
| BXP Inc $BXP | 1.02% | Material impairment · leadership change |
| Federal Realty Investment Trust $FRT | 1.00% | quiet · leadership change |
| Alexandria Real Estate Equities Inc $ARE | 0.86% | quiet · leadership change |
Holdings are as the fund reported them to the SEC for 2026-06-30; N-PORT is made public about 60 days after quarter end. Only common-stock holdings are read; cash, securities-lending collateral and derivatives are left out. Sectors come from each company’s SEC industry code (SIC), grouped broadly; they can differ from an index provider’s sector labels. Display only: this describes what the fund holds, it is not a rating of the fund and not investment advice. Source: the fund’s N-PORT filing · this page as JSON
Nine boards reading every SEC filing the day it lands, ten editorial desks publishing daily, an open endpoint other AIs can query, and a 70,000-product house behind all of it. This is the public record end of it.