At the end of each academic semester the REIT fund will produce an investment memo providing historical performance and risk measures, current allocation of the investment portfolio (individual REIT weights), write-ups of the current semester’s pairs analysis providing the basis and reasoning behind all active weights, any new proposed allocation (individual REIT weights), and an estimate of the proposed portfolio tracking error.  The investment memo is reviewed by at least one fund officer and at least one member of the advisory board.  Once the Advisory member and the fund officer approve the proposed portfolio, the fund officer will notify the portfolio managers and any necessary trades will be submitted, as needed to construct the proposed portfolio.  To view a copy of the fund’s latest memo click here.