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Realty Income Fund - B (URTBX)

Realty Income Fund - B (URTBX)
 ! This share class currently has a limited offering, please see prospectus for more details on the offering.
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. Simon Property Group, Inc. 10.6%
2. Prologis, Inc. 5.6%
3. Boston Properties, Inc. 5.3%
4. AvalonBay Communities, Inc. 4.7%
5. General Growth Properties, Inc. 4.3%
6. Health Care REIT, Inc. 4.0%
7. Vornado Realty Trust 3.8%
8. Host Hotels & Resorts, Inc. 3.8%
9. Ventas, Inc. 3.7%
10. Public Storage 3.4%
Total of top ten 49.2%
Industry breakdown* (as of 3/31/2014)
Apartments 17.7%
Diversified 11.7%
Health Care 10.4%
Hotels 9.2%
Industrial 7.0%
Office 12.9%
Regional Malls 14.9%
Shopping Centers 6.8%
Short-Term Investments 1.3%
Single Tenant 2.0%
Storage 6.2%

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

Top contributors and detractors (as of 3/31/2014)
Top 5 quarterly contributors
1. Extra Space Storage, Inc. 0.11%
2. Kimco Realty Corp. 0.08%
3. Kilroy Realty Corp. 0.07%
4. Boston Properties, Inc. 0.06%
5. Mack-Cali Realty Corp. 0.04%
Top 5 quarterly detractors
1. Host Hotels & Resorts, Inc. -0.18%
2. Equity One, Inc. -0.17%
3. Realty Income Corp. -0.16%
4. Sunstone Hotel Investors, Inc. -0.10%
5. CBL & Associates Properties, Inc. -0.09%
Portfolio stats (as of 3/31/2014)
Number of Holdings 39
Fund Assets $757.58
(in millions)
Turnover Ratio 60.00%
(Trailing 12 month) (8/31/2013)
Wtd. Avg. Market Cap $16.3
(in billions)
P/E Ratio 42.9
(1 yr. forecast)
P/B Ratio 2.3
Risk measures* (as of 3/31/2014)
Beta --
Sharpe Ratio 0.55

*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 >

Real estate investing may be subject to a higher degree of market risk because of concentration in a specific industry, sector or geographical sector. Real estate investing may be subject to risks including, but not limited to, declines in the value of real estate, risks related to general and economic conditions, changes in the value of the underlying property owned by the trust and defaults by borrower.

Effective 1/1/04, J.P. Morgan Investment Management, Inc. assumed responsibility for the day-to-day management of the JPMorgan Realty Income Fund. Prior to that date, the Fund was managed by Bay Isle Financial LLC.

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.

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.