Fund Facts  

Inception Date: Jun 30, 1995
Ticker Symbol: FARCX
Morningstar Category:Real Estate
As of Mar 31, 2016
Fund Net Assets ($millions) $4,877

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to provide above average current income and long-term capital appreciation.

Principal Investment Strategies  

The fund normally invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in income-producing common stocks of publicly traded companies engaged in the real estate industry. The advisor expects to emphasize investments in equity REITs, although it may invest in all three kinds of REITs. It may invest up to 15% of its total assets in non-dollar denominated equity securities of non-U.S. issuers. Up to 15% of the fund's total assets may be invested in equity securities of emerging market issuers.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Nuveen Real Estate Securitiesa4.76%4.76%4.07%10.53%11.60%7.70%12.33%
MSCI US REIT Index (Gross)a,b6.31%6.31%4.05%10.45%11.85%6.49%N/A
Morningstar Real Estatea,c4.68%4.68%2.66%9.43%10.78%5.73%N/A

Fund past performance, as shown, is no guarantee of how the fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total expensesa1.05%

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ICMA-RC does not independently verify Morningstar data.

b. The MSCI US REIT Index reflects the aggregate common stock performance of REIT's (Real Estate Investment Trusts) that own, develop, and manage properties.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Mar 31, 2016Mar 31, 2016$0.173200000
Dec 30, 2015Dec 30, 2015$0.186600000
Dec 15, 2015Dec 15, 2015$0.965800000
Sep 30, 2015Sep 30, 2015$0.144000000
Sep 16, 2015Sep 16, 2015$0.250000000
Jun 30, 2015Jun 30, 2015$0.212500000
Mar 31, 2015Mar 31, 2015$0.134400000
Dec 30, 2014Dec 30, 2014$0.223500000
Dec 15, 2014Dec 15, 2014$1.039600000
Jun 30, 2014Jun 30, 2014$0.147400000
Mar 31, 2014Mar 31, 2014$0.129800000
Dec 30, 2013Dec 30, 2013$0.166700000
Dec 13, 2013Dec 13, 2013$1.158900000
Sep 30, 2013Sep 30, 2013$0.144600000
Sep 16, 2013Sep 16, 2013$0.112900000
Jun 28, 2013Jun 28, 2013$0.124700000
Mar 28, 2013Mar 28, 2013$0.123100000
Dec 28, 2012Dec 28, 2012$0.095400000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2016
Period Stars Category Size
Overall 5 Stars240
3-Year 4 Stars240
5-Year 4 Stars208
10-Year 5 Stars153

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Allocation of Assets As of Jan 31, 2016
Type of Asset Percent
Equity97%
Fixed Income0%
Cash/Other3%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Jan 31, 2016
Asset ClassPercent
Domestic Stock96.4%
Foreign Stock0.3%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.1%
Convertible0.0%
Cash3.2%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Top Ten Holdings As of Jan 31, 2016
Holding NamePercent
Simon Property Group Inc9.3%
Public Storage7.8%
Equity Residential4.8%
AvalonBay Communities Inc4.6%
Prologis Inc4.4%
SL Green Realty Corp4.0%
Vornado Realty Trust3.8%
Welltower Inc3.7%
Essex Property Trust Inc3.5%
General Growth Properties Inc2.8%
 

Statistics

Portfolio Statistics As of Mar 31, 2016
Statistic3-Year5-Year
Beta0.970.97
Alpha0.390.07
Standard Deviation15.3215.91
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.