Self liquidating reit

The Vanguard REIT ETF (NYSE: VNQ) has grown dramatically over the past three years from .7 billion to billion as of March 31, 2014.This passive exchange traded fund (ETF) has performed as advertised, delivering total returns near, but never significantly above, its benchmark.Passive investments typically have lower fees than active investments, and may provide diversified exposure to commercial real estate.The chart below shows how various asset classes performed on a year-by-year basis from 2005 through 2014.

The securities mentioned are provided for informational purposes only and should not be deemed as a recommendation to buy or sell.The expense ratio is expressed as a unitary fee and covers all expenses of the Fund, except for the fee payments under the investment advisory agreement, distribution fees, if any, brokerage expenses, taxes, interest, litigation expenses and other extraordinary expenses.The gross expense ratio reflects the fund’s actual total annual operating expense ratio, gross of any fee waivers or expense reimbursements as of its most recent prospectus.The trust indenture is the legal agreement specifying the terms of the trust and the obligations of the trust sponsor, who creates the trust, and the investors of the trust, who are the trust beneficiaries.Similar to closed-end mutual funds, UITs are registered under the Investment Company Act of 1940, but their holdings are fixed and cannot be changed.

Leave a Reply