NAA RISK MANAGED REAL ESTATE FUND

Fund Profile

Fund profile

Fund manager

New Age Alpha Funds Trust

Total assets

$325.00 mm

Liabilities

$60.23 mm

Net assets

$264.77 mm

Number of holdings

156.00

156 Holdings

As of Dec 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
BBH Overnight Sweep	48.64 mm	48.64 mm principal	18.37	Short-term investment vehicle	Long	USA
PLD Prologis, Inc.	20.36 mm	192.61 k shares	7.69	Common equity	Long	USA
EQIX Equinix, Inc.	17.32 mm	18.37 k shares	6.54	Common equity	Long	USA
WELL Welltower Inc.	15.02 mm	119.15 k shares	5.67	Common equity	Long	USA
DLR Digital Realty Trust, Inc.	13.27 mm	74.83 k shares	5.01	Common equity	Long	USA
Simon Property Group, Inc.	12.49 mm	72.54 k shares	4.72	Common equity	Long	USA
VICI VICI Properties Inc.	9.81 mm	335.91 k shares	3.71	Common equity	Long	USA
PSA Public Storage	8.64 mm	28.84 k shares	3.26	Common equity	Long	USA
O Realty Income Corporation	8.27 mm	154.75 k shares	3.12	Common equity	Long	USA
INVH Invitation Homes Inc.	7.88 mm	246.46 k shares	2.98	Common equity	Long	USA
AVB AvalonBay Communities, Inc.	7.27 mm	33.07 k shares	2.75	Common equity	Long	USA
EXR Extra Space Storage Inc.	7.22 mm	48.24 k shares	2.73	Common equity	Long	USA
EQR Equity Residential	6.03 mm	84.10 k shares	2.28	Common equity	Long	USA
IRM Iron Mountain Incorporated	5.85 mm	55.69 k shares	2.21	Common equity	Long	USA
ESS Essex Property Trust, Inc.	5.76 mm	20.19 k shares	2.18	Common equity	Long	USA
VTR Ventas, Inc.	5.10 mm	86.64 k shares	1.93	Common equity	Long	USA
KIM Kimco Realty Corporation	5.01 mm	213.66 k shares	1.89	Common equity	Long	USA
American Homes 4 Rent	4.56 mm	121.98 k shares	1.72	Common equity	Long	USA
STAG STAG Industrial, Inc.	4.15 mm	122.57 k shares	1.57	Common equity	Long	USA
VNO Vornado Realty Trust	4.11 mm	97.78 k shares	1.55	Common equity	Long	USA
ARE Alexandria Real Estate Equities, Inc.	3.97 mm	40.65 k shares	1.50	Common equity	Long	USA
UDR UDR, Inc.	3.85 mm	88.70 k shares	1.45	Common equity	Long	USA
Kilroy Realty Corp.	3.62 mm	89.52 k shares	1.37	Common equity	Long	USA
GLPI Gaming and Leisure Properties, Inc.	3.62 mm	75.09 k shares	1.37	Common equity	Long	USA
WPC W. P. Carey Inc.	3.36 mm	61.65 k shares	1.27	Common equity	Long	USA
REG Regency Centers Corporation	2.89 mm	39.09 k shares	1.09	Common equity	Long	USA
APLE Apple Hospitality REIT, Inc.	2.86 mm	186.30 k shares	1.08	Common equity	Long	USA
CTRE CareTrust REIT, Inc.	2.81 mm	104.00 k shares	1.06	Common equity	Long	USA
BRX Brixmor Property Group Inc.	2.53 mm	90.83 k shares	0.95	Common equity	Long	USA
DOC Healthpeak Properties, Inc.	2.41 mm	118.68 k shares	0.91	Common equity	Long	USA
KRG Kite Realty Group Trust	2.40 mm	95.06 k shares	0.91	Common equity	Long	USA
SUI Sun Communities, Inc.	2.30 mm	18.67 k shares	0.87	Common equity	Long	USA
NNN National Retail Properties, Inc.	2.29 mm	56.15 k shares	0.87	Common equity	Long	USA
HR Healthcare Realty Trust Incorporated	2.28 mm	134.29 k shares	0.86	Common equity	Long	USA
OHI Omega Healthcare Investors, Inc.	1.95 mm	51.61 k shares	0.74	Common equity	Long	USA
MAA Mid-America Apartment Communities, Inc.	1.93 mm	12.46 k shares	0.73	Common equity	Long	USA
Host Hotels & Resorts, Inc.	1.80 mm	102.75 k shares	0.68	Common equity	Long	USA
PK Park Hotels & Resorts Inc.	1.65 mm	117.27 k shares	0.62	Common equity	Long	USA
EPR EPR Properties	1.60 mm	36.24 k shares	0.61	Common equity	Long	USA
ELS Equity LifeStyle Properties, Inc.	1.53 mm	22.92 k shares	0.58	Common equity	Long	USA
NSA National Storage Affiliates Trust	1.45 mm	38.22 k shares	0.55	Common equity	Long	USA
SKT Tanger Inc.	1.43 mm	41.96 k shares	0.54	Common equity	Long	USA
DEI Douglas Emmett, Inc.	1.42 mm	76.40 k shares	0.54	Common equity	Long	USA
RHP Ryman Hospitality Properties, Inc.	1.18 mm	11.28 k shares	0.44	Common equity	Long	USA
LAMR Lamar Advertising Company	1.15 mm	9.46 k shares	0.44	Common equity	Long	USA
FR First Industrial Realty Trust, Inc.	1.12 mm	22.41 k shares	0.42	Common equity	Long	USA
REXR Rexford Industrial Realty, Inc.	1.11 mm	28.64 k shares	0.42	Common equity	Long	USA
JBGS JBG SMITH Properties	1.05 mm	68.36 k shares	0.40	Common equity	Long	USA
RLJ RLJ Lodging Trust	1.04 mm	101.69 k shares	0.39	Common equity	Long	USA
CPT Camden Property Trust	1.01 mm	8.70 k shares	0.38	Common equity	Long	USA
FRT Federal Realty Investment Trust	974.19 k	8.70 k shares	0.37	Common equity	Long	USA
CUZ Cousins Properties Incorporated	967.37 k	31.57 k shares	0.37	Common equity	Long	USA
LTC LTC Properties, Inc.	897.30 k	25.97 k shares	0.34	Common equity	Long	USA
NTST NETSTREIT Corp.	882.86 k	62.39 k shares	0.33	Common equity	Long	USA
COLD Americold Realty Trust, Inc.	866.68 k	40.50 k shares	0.33	Common equity	Long	USA
IVT InvenTrust Properties Corp.	847.80 k	28.14 k shares	0.32	Common equity	Long	USA
OUT Outfront Media Inc.	837.13 k	47.19 k shares	0.32	Common equity	Long	USA
CDP COPT Defense Properties	779.60 k	25.19 k shares	0.29	Common equity	Long	USA
ALEX Alexander & Baldwin, Inc.	682.94 k	38.50 k shares	0.26	Common equity	Long	USA
SBRA Sabra Health Care REIT, Inc.	673.61 k	38.89 k shares	0.25	Common equity	Long	USA
CUBE CubeSmart	609.11 k	14.22 k shares	0.23	Common equity	Long	USA
EGP EastGroup Properties, Inc.	550.64 k	3.43 k shares	0.21	Common equity	Long	USA
LXP LXP Industrial Trust	527.19 k	64.93 k shares	0.20	Common equity	Long	USA
GMRE Global Medical REIT Inc.	262.56 k	34.01 k shares	0.10	Common equity	Long	USA
CHCT Community Healthcare Trust Incorporated	231.96 k	12.08 k shares	0.09	Common equity	Long	USA
HOST HOTELS & RESORT - TRS MORGAN STANLEY & CO. LLC	16.47 k	-35.49 k shares	0.01	Equity derivative	Short	USA
FIRST INDUSTRIAL REA - TRS MORGAN STANLEY & CO. LLC	14.46 k	-26.23 k shares	0.01	Equity derivative	Short	USA
COMMUNITY HEALTHCARE - TRS MORGAN STANLEY & CO. LLC	9.95 k	15.18 k shares	0.00	Equity derivative	Long	USA
APPLE HOSPITALITY RE - TRS MORGAN STANLEY & CO. LLC	9.87 k	-34.81 k shares	0.00	Equity derivative	Short	USA
INVENTRUST PROPERTIE - TRS MORGAN STANLEY & CO. LLC	9.77 k	28.04 k shares	0.00	Equity derivative	Long	USA
AMERICAN TOWER CORP - TRS MORGAN STANLEY & CO. LLC	8.33 k	8.32 k shares	0.00	Equity derivative	Long	USA
WP CAREY INC - TRS MORGAN STANLEY & CO. LLC	7.64 k	14.83 k shares	0.00	Equity derivative	Long	USA
DIGITAL REALTY TRUST - TRS MORGAN STANLEY & CO. LLC	7.40 k	-7.48 k shares	0.00	Equity derivative	Short	USA
ALEXANDER & BALDWIN - TRS MORGAN STANLEY & CO. LLC	5.87 k	14.67 k shares	0.00	Equity derivative	Long	USA
AMERICAN HOMES 4 REN - TRS MORGAN STANLEY & CO. LLC	5.87 k	22.55 k shares	0.00	Equity derivative	Long	USA
EPR PROPERTIES - TRS MORGAN STANLEY & CO. LLC	5.05 k	12.53 k shares	0.00	Equity derivative	Long	USA
OMEGA HEALTHCARE INV - TRS MORGAN STANLEY & CO. LLC	3.30 k	-10.70 k shares	0.00	Equity derivative	Short	USA
NNN REIT INC - TRS MORGAN STANLEY & CO. LLC	2.86 k	26.23 k shares	0.00	Equity derivative	Long	USA
RLJ LODGING TRUST - TRS MORGAN STANLEY & CO. LLC	2.68 k	56.67 k shares	0.00	Equity derivative	Long	USA
RETAIL OPPORTUNITY I - TRS MORGAN STANLEY & CO. LLC	2.56 k	16.44 k shares	0.00	Equity derivative	Long	USA
GLOBAL MEDICAL REIT - TRS MORGAN STANLEY & CO. LLC	1.74 k	16.13 k shares	0.00	Equity derivative	Long	USA
NETSTREIT CORP - TRS MORGAN STANLEY & CO. LLC	1.63 k	35.33 k shares	0.00	Equity derivative	Long	USA
COUSINS PROPERTIES I - TRS MORGAN STANLEY & CO. LLC	1.23 k	-10.50 k shares	0.00	Equity derivative	Short	USA
SUN COMMUNITIES INC - TRS MORGAN STANLEY & CO. LLC	776.67	-885.00 shares	0.00	Equity derivative	Short	USA
SL GREEN REALTY CORP - TRS MORGAN STANLEY & CO. LLC	641.88	7.18 k shares	0.00	Equity derivative	Long	USA
REXFORD INDUSTRIAL R - TRS MORGAN STANLEY & CO. LLC	143.48	20.13 k shares	0.00	Equity derivative	Long	USA
HEALTHPEAK PROPERTIE - TRS MORGAN STANLEY & CO. LLC	120.42	26.06 k shares	0.00	Equity derivative	Long	USA
REGENCY CENTERS CORP - TRS MORGAN STANLEY & CO. LLC	-7.44	-876.00 shares	-0.00	Equity derivative	Short	USA
HUDSON PACIFIC PROPE - TRS MORGAN STANLEY & CO. LLC	-96.44	119.85 k shares	-0.00	Equity derivative	Long	USA
EXTRA SPACE STORAGE - TRS MORGAN STANLEY & CO. LLC	-131.70	3.32 k shares	-0.00	Equity derivative	Long	USA
TERRENO REALTY CORP - TRS MORGAN STANLEY & CO. LLC	-240.93	9.32 k shares	-0.00	Equity derivative	Long	USA
WHITESTONE REIT - TRS MORGAN STANLEY & CO. LLC	-261.26	7.74 k shares	-0.00	Equity derivative	Long	USA
SITE CENTERS CORP - TRS MORGAN STANLEY & CO. LLC	-431.86	17.95 k shares	-0.00	Equity derivative	Long	USA
WEYERHAEUSER CO - TRS MORGAN STANLEY & CO. LLC	-967.92	35.22 k shares	-0.00	Equity derivative	Long	USA
LTC PROPERTIES INC - TRS MORGAN STANLEY & CO. LLC	-1.10 k	7.34 k shares	-0.00	Equity derivative	Long	USA
BRANDYWINE REALTY TR - TRS MORGAN STANLEY & CO. LLC	-1.14 k	99.24 k shares	-0.00	Equity derivative	Long	USA
EQUITY LIFESTYLE PRO - TRS MORGAN STANLEY & CO. LLC	-1.46 k	4.04 k shares	-0.00	Equity derivative	Long	USA
GAMING AND LEISURE P - TRS MORGAN STANLEY & CO. LLC	-1.83 k	-16.72 k shares	-0.00	Equity derivative	Short	USA
EMPIRE STATE REALTY - TRS MORGAN STANLEY & CO. LLC	-1.86 k	25.63 k shares	-0.00	Equity derivative	Long	USA
NATIONAL STORAGE AFF - TRS MORGAN STANLEY & CO. LLC	-2.40 k	12.63 k shares	-0.00	Equity derivative	Long	USA
HEALTHCARE REALTY TR - TRS MORGAN STANLEY & CO. LLC	-2.47 k	33.20 k shares	-0.00	Equity derivative	Long	USA
KITE REALTY GROUP TR - TRS MORGAN STANLEY & CO. LLC	-2.78 k	41.70 k shares	-0.00	Equity derivative	Long	USA
REALTY INCOME CORP - TRS MORGAN STANLEY & CO. LLC	-3.01 k	-9.17 k shares	-0.00	Equity derivative	Short	USA
EASTGROUP PROPERTIES - TRS MORGAN STANLEY & CO. LLC	-3.04 k	3.30 k shares	-0.00	Equity derivative	Long	USA
LXP INDUSTRIAL TRUST - TRS MORGAN STANLEY & CO. LLC	-4.10 k	60.96 k shares	-0.00	Equity derivative	Long	USA
KIMCO REALTY CORP - TRS MORGAN STANLEY & CO. LLC	-4.18 k	22.45 k shares	-0.00	Equity derivative	Long	USA
EQUITY RESIDENTIAL - TRS MORGAN STANLEY & CO. LLC	-4.70 k	7.48 k shares	-0.00	Equity derivative	Long	USA
SUMMIT HOTEL PROPERT - TRS MORGAN STANLEY & CO. LLC	-4.93 k	44.08 k shares	-0.00	Equity derivative	Long	USA
UDR INC - TRS MORGAN STANLEY & CO. LLC	-6.06 k	12.59 k shares	-0.00	Equity derivative	Long	USA
TANGER INC - TRS MORGAN STANLEY & CO. LLC	-6.08 k	15.62 k shares	-0.00	Equity derivative	Long	USA
AVALONBAY COMMUNITIE - TRS MORGAN STANLEY & CO. LLC	-8.32 k	4.90 k shares	-0.00	Equity derivative	Long	USA
RYMAN HOSPITALITY PR - TRS MORGAN STANLEY & CO. LLC	-9.00 k	4.87 k shares	-0.00	Equity derivative	Long	USA
ALEXANDRIA REAL ESTA - TRS MORGAN STANLEY & CO. LLC	-9.63 k	12.10 k shares	-0.00	Equity derivative	Long	USA
AMERICOLD REALTY TRU - TRS MORGAN STANLEY & CO. LLC	-9.63 k	-49.34 k shares	-0.00	Equity derivative	Short	USA
ESSEX PROPERTY TRUST - TRS MORGAN STANLEY & CO. LLC	-13.04 k	5.56 k shares	-0.00	Equity derivative	Long	USA
PROLOGIS INC - TRS MORGAN STANLEY & CO. LLC	-14.88 k	12.21 k shares	-0.01	Equity derivative	Long	USA
KILROY REALTY CORP - TRS MORGAN STANLEY & CO. LLC	-26.71 k	27.22 k shares	-0.01	Equity derivative	Long	USA
PARK HOTELS & RESORT - TRS MORGAN STANLEY & CO. LLC	-31.30 k	90.99 k shares	-0.01	Equity derivative	Long	USA
EQC Equity Commonwealth	-100.68 k	-56.88 k shares	-0.04	Common equity	Short	USA
GOOD Gladstone Commercial Corporation	-188.95 k	-11.64 k shares	-0.07	Common equity	Short	USA
CLDT Chatham Lodging Trust	-192.18 k	-21.47 k shares	-0.07	Common equity	Short	USA
IRT Independence Realty Trust, Inc.	-207.07 k	-10.44 k shares	-0.08	Common equity	Short	USA
FPI Farmland Partners Inc.	-212.67 k	-18.08 k shares	-0.08	Common equity	Short	USA
COLD Americold Realty Trust, Inc.	-236.32 k	-11.04 k shares	-0.09	Common equity	Short	USA
AHH Armada Hoffler Properties, Inc.	-265.54 k	-25.96 k shares	-0.10	Common equity	Short	USA
UMH UMH Properties, Inc.	-278.74 k	-14.76 k shares	-0.11	Common equity	Short	USA
PGRE Paramount Group, Inc.	-288.68 k	-58.44 k shares	-0.11	Common equity	Short	USA
SVC Service Properties Trust	-391.33 k	-154.07 k shares	-0.15	Common equity	Short	USA
ELME Elme Communities	-398.53 k	-26.10 k shares	-0.15	Common equity	Short	USA
CTO CTO Realty Growth, Inc.	-424.12 k	-21.52 k shares	-0.16	Common equity	Short	USA
SUI Sun Communities, Inc.	-438.02 k	-3.56 k shares	-0.17	Common equity	Short	USA
Host Hotels & Resorts, Inc.	-462.74 k	-26.41 k shares	-0.17	Common equity	Short	USA
CUZ Cousins Properties Incorporated	-498.54 k	-16.27 k shares	-0.19	Common equity	Short	USA
PCH PotlatchDeltic Corporation	-500.01 k	-12.74 k shares	-0.19	Common equity	Short	USA
JOE The St. Joe Company	-500.97 k	-11.15 k shares	-0.19	Common equity	Short	USA
REG Regency Centers Corporation	-509.16 k	-6.89 k shares	-0.19	Common equity	Short	USA
NHI National Health Investors, Inc.	-510.26 k	-7.36 k shares	-0.19	Common equity	Short	USA
GTY Getty Realty Corp.	-526.16 k	-17.46 k shares	-0.20	Common equity	Short	USA
FCPT Four Corners Property Trust, Inc.	-527.06 k	-19.42 k shares	-0.20	Common equity	Short	USA
AKR Acadia Realty Trust	-540.56 k	-22.37 k shares	-0.20	Common equity	Short	USA
XHR Xenia Hotels & Resorts, Inc.	-542.88 k	-36.53 k shares	-0.21	Common equity	Short	USA
PEB Pebblebrook Hotel Trust	-567.70 k	-41.90 k shares	-0.21	Common equity	Short	USA
DEA Easterly Government Properties, Inc.	-649.12 k	-57.14 k shares	-0.25	Common equity	Short	USA
OHI Omega Healthcare Investors, Inc.	-674.37 k	-17.82 k shares	-0.25	Common equity	Short	USA
RYN Rayonier Inc.	-704.33 k	-26.99 k shares	-0.27	Common equity	Short	USA
LINE Lineage, Inc.	-761.64 k	-13.00 k shares	-0.29	Common equity	Short	USA
GNL Global Net Lease, Inc.	-825.33 k	-113.06 k shares	-0.31	Common equity	Short	USA
DRH DiamondRock Hospitality Company	-833.69 k	-92.32 k shares	-0.31	Common equity	Short	USA
O Realty Income Corporation	-842.38 k	-15.77 k shares	-0.32	Common equity	Short	USA
AHR American Healthcare REIT, Inc.	-848.59 k	-29.86 k shares	-0.32	Common equity	Short	USA
CCI Crown Castle Inc.	-978.57 k	-10.78 k shares	-0.37	Common equity	Short	USA
MPW Medical Properties Trust, Inc.	-1.00 mm	-253.70 k shares	-0.38	Common equity	Short	USA
SBAC SBA Communications Corporation	-1.03 mm	-5.05 k shares	-0.39	Common equity	Short	USA
JRN Journal Communications Inc	-1.26 mm	-106.84 k shares	-0.48	Common equity	Short	USA
CPT Camden Property Trust	-1.34 mm	-11.55 k shares	-0.51	Common equity	Short	USA
MAA Mid-America Apartment Communities, Inc.	-1.64 mm	-10.61 k shares	-0.62	Common equity	Short	USA