APRIX – Fund Analysis – AAM/Phocas Real Estate I | Morningstar

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Will APRIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable APRIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the APRIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of APRIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

| Dec 23, 2022

A middling People rating and a subpar Parent Pillar limit AAM/Phocas Real Estate I to a Morningstar Quantitative Rating of Neutral. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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