Bluerock Total Income (plus) Real Estate Fund
Last Updated 08/21/2023
Shows hypothetical growth of $1000 since inception
Total Managed Assets*
Net Expense Ratio
*represents total managed funds for the fund complex
About The Fund
Overview: launched in 2012, the Bluerock Total Income+ Real Estate Fund is the second-largest real estate-focused interval fund at over $4.3b in managed assets, and the third-largest interval fund of any category.
The Fund seeks to generate current income and capital appreciation, with low market correlation, by investing in a targeted combination of institutional private real estate funds and public real estate securities.
The manager, Bluerock Fund Advisor, holds over $11.5b in managed and acquired assets. The sub-advisor for institutional private real estate, Mercer, is one of the world's largest asset advisors with $15t under management and a 76-year operating history. The sub-advisor for public real estate securities, DWS, has over $800b in managed assets and a 40-year operating history.
The Fund raised $1.5 billion in 2021, the most of any active interval fund, representing 21% of all direct industry capital placed into interval funds last year, and recently posted its 36th consecutive distribution at a 5.25% annualized yield based on NAV on the distribution date. The Fund generated the highest Sharpe Ratio of all domestic '40 Act funds both trailing 5-year and since inception.
From the Fund's Prospectus:
Total Income+ Mortgage Fund (the “Fund”) is a continuously offered, non-diversified, closed-end management investment company. See "The Fund." The Fund is an interval fund that provides investor liquidity by offering to make quarterly repurchases of each class of shares at that class of shares’ net asset value, which will be calculated on a daily basis.
Investment Objective: The Fund’s primary investment objective is to generate current income while secondarily seeking long-term capital appreciation with low to moderate volatility and low correlation to the broader markets.
Fund DocsAnnual Report - 2020 - Bluerock Total Income (plus) Real Estate Fund Prospectus - 2/1/2021 - Bluerock Total Income (plus) Real Estate Fund - Class I Shares (TIPWX) Semi-Annual Report - 2021 - Bluerock Total Income (plus) Real Estate Fund
Percentage and dollar changes represent the increase or decrease in the NAV from the preceding trading day.