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International Realty Fund - R5 (JILRX)

International Realty Fund - R5 (JILRX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Top ten holdings (as of 3/31/2014)
1. Unibail-Rodamco SE 8.4%
2. Mitsui Fudosan Co., Ltd. 8.0%
3. Westfield Group 5.4%
4. Mitsubishi Estate Co., Ltd. 4.8%
5. British Land Co. plc 4.6%
6. Hammerson plc 4.0%
7. Japan Real Estate Investment Corp. 3.9%
8. Goodman Group 3.2%
9. Safestore Holdings plc 3.0%
10. Wharf Holdings Ltd. 2.8%
Total of top ten 48.1%
Sector breakdown* (as of 3/31/2014)
Apartments 2.4%
Diversified 29.2%
Office 12.0%
Real Estate Investment Trusts (REITs) 2.7%
Real Estate Management & Development 39.1%
Shopping Centers 12.7%
Short-Term Investments 1.8%

* Due to rounding, values may not total 100%.

Portfolio breakdown (as of 3/31/2014)
Country breakdown *
Japan 25.5%
United Kingdom 18.2%
Australia 12.4%
France 10.6%
Hong Kong 9.3%
Canada 6.5%
Singapore 6.4%
Germany 4.1%
Netherlands 2.7%
Other 4.3%

* Due to rounding, values may not total 100%.

Portfolio stats (as of 3/31/2014)
Number of Holdings 48
Fund Assets $351.45
(in millions)
Turnover Ratio 41.00%
(Trailing 12 month) (10/31/2013)
Wtd. Avg. Market Cap $12.2
(in billions)
P/E Ratio 19.3
(1 yr. forecast)
P/B Ratio 1.2
Risk measures* (as of 3/31/2014)
Beta 1.03
Sharpe Ratio 0.23

*All risk measures are based on a 3 year time period.

What's this? Mouse over an  underlined  word to see its definition. Check out our glossary >

International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations. The Fund's investments in real estate securities are subject to the same risks as direct investments in real estate. Real estate values rise and fall in response to many factors, including local, regional and national economic conditions, the demand for rental property, and interest rates. When economic growth is slowing, demand for property decreases and prices may fall. Rising interest rates, which drive up mortgage and financing costs, can affect the profitability and liquidity of properties in the real estate market. Property values may also decrease because of overbuilding, extended vacancies, increase in property taxes and operating expenses, zoning laws, environmental regulations, clean-up of and liability for environmental hazards, uninsured casualty or condemnation losses, or a general decline in neighborhood values. The Fund's investments and your investment may decline in response to declines in property values or other adverse changes to the real estate market. The performance of the real estate securities in which the Fund invests is also largely dependent on the organization, skill and capital funding of the managers and operators of the underlying real estate. In addition to the risks facing real estate securities, the Fund's investments in REITs involve unique risks. REITs may have limited financial resources, may trade less frequently and in limited volume and may be more volatile than other securities. REITs and other investment vehicles in which the Fund may invest are subject to complicated tax rules. The tax laws that apply to these investment vehicles have the potential to create negative tax consequences for the Fund, or for certain shareholders of the Fund, including, in particular, charitable remainder trusts and non-U.S. taxpayers.

The top 10 holdings listed reflect only the Fund's long-term investments. Short-term investments are excluded. Holdings are subject to change. The holdings listed should not be considered recommendations to purchase or sell a particular security. Each individual security is calculated as a percentage of the aggregate market value of the securities held in the Fund and does not include the use of derivative positions, where applicable.

P/E ratio: the number by which earnings per share is multiplied to estimate a stock's value.

P/B ratio: the relationship between a stock's price and the book value of that stock.

Beta: The systematic risk of a Fund. The beta of a Fund is its sensitivity to a benchmark. A Fund with a beta of 1.0 is as risky as the benchmark and would therefore provide expected returns equal to those of the market during both up and down periods.

Sharpe ratio: A risk-adjusted measure that determines the reward per unit of risk. The numerator is the difference between the Fund's annualized return and the annualized return of the risk-free instrument (Citigroup 3-Month Treasury Bill Index) and the denominator is the Fund's standard deviation. The Sharpe ratio is calculated over a 36-month period based on the Fund's returns. The greater the Fund's Sharpe ratio, the better its risk-adjusted performance has been. A negative Sharpe ratio indicates that a risk-free instrument would perform better than the Fund. The Sharpe ratio shown is based on the Fund's Class A Shares or the oldest share class, where Class A Shares are not available.

Standard deviation: A statistical measure of the degree to which the Fund's returns have varied from its historical average. The higher the standard deviation, the wider the range of returns from its average and the greater the historical volatility. The standard deviation is calculated over a 36-month period based on Fund's monthly returns. The standard deviation shown is based on the Fund's Class A Shares or the oldest share class, where Class A Shares are not available.

EPS: Total earnings divided by the number of shares outstanding.

Risk measures are calculated based upon the Funds' broad-based index as stated in the prospectus.