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Security Capital U.S. Core Real Estate Securities Fund - C (CEECX)

Security Capital U.S. Core Real Estate Securities Fund - C (CEECX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources

Objective

The Fund seeks a risk-adjusted total return over the long-term by investing primarily in real estate securities.

Strategy/Investment process

  • Invests in publicly traded real estate companies from all capital tranches including common stock, preferred stock, convertible securities and senior unsecured debt.
  • Seeks to generate returns over the long-term approximating a direct "core" real estate portfolio with lower volatility than a portfolio consisting entirely of common equity of real estate investment trusts.^^
  • Investment process built on three fundamental research disciplines: (1) real estate research, (2) company analysis, and (3) market strategy.
  • Portfolio construction seeks to balance risk and return.
Performance basics
  Annualized returns (as of 3/31/2014)
  1 Year 3 Year 5 Year Incept
at NAV 3.45% N/A N/A 8.08%
With 1.00% max. CDSC 2.45% N/A N/A 8.08%
Wilshire US Real Estate Securities Index 4.60% N/A N/A 12.42%
Barclays Investment Grade REIT Index 1.01% N/A N/A 6.26%
U.S. Core Real Estate Securities Composite Benchmark 3.22% N/A N/A 10.29%
Lipper Real Estate Funds Index 0.80% N/A N/A 5.35%

Performance Inception Date:8/31/11

The performance quoted is past performance and is not a guarantee of future results. Mutual funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Current performance may be higher or lower than the performance data shown. For performance current to the most recent month-end, please call 1-800-480-4111.

Benchmark since inception returns are as of month-end. The performance quoted is past performance and is not a guarantee of future results.

Annual operating expenses (%)
Expense cap expiration date 04/30/2014
Expense cap 1.68%
Total annual operating expenses 2.92%
Fee waivers and/or expense reimbursements 1.22%
Net expenses 1.70%

Net Expenses,Fee waivers and/or expense reimbursements
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.

Minimum investments
Minimum investments Minimum subsequent investments
Regular $1000 Regular $25
IRA $1000 IRA $25
Daily stats (as of 4/16/2014)
NAV YTD
$17.19 9.72%
$0.09 | 0.53%  
 
NAV as of:
  • Fri
    Mar 07
    2014
    $16.76
     
  • Mon
    Mar 10
    2014
    $16.71
     
  • Tue
    Mar 11
    2014
    $16.78
     
  • Wed
    Mar 12
    2014
    $16.81
     
  • Thu
    Mar 13
    2014
    $16.78
     
  • Fri
    Mar 14
    2014
    $16.80
     
  • Mon
    Mar 17
    2014
    $16.83
     
  • Tue
    Mar 18
    2014
    $16.88
     
  • Wed
    Mar 19
    2014
    $16.68
     
  • Thu
    Mar 20
    2014
    $16.71
     
  • Fri
    Mar 21
    2014
    $16.79
     
  • Mon
    Mar 24
    2014
    $16.74
     
  • Tue
    Mar 25
    2014
    $16.84
     
  • Wed
    Mar 26
    2014
    $16.72
     
  • Thu
    Mar 27
    2014
    $16.79
     
  • Fri
    Mar 28
    2014
    $16.86
     
  • Mon
    Mar 31
    2014
    $16.91
     
  • Tue
    Apr 01
    2014
    $16.97
     
  • Wed
    Apr 02
    2014
    $16.99
     
  • Thu
    Apr 03
    2014
    $16.97
     
  • Fri
    Apr 04
    2014
    $17.01
     
  • Mon
    Apr 07
    2014
    $17.04
     
  • Tue
    Apr 08
    2014
    $17.10
     
  • Wed
    Apr 09
    2014
    $17.07
     
  • Thu
    Apr 10
    2014
    $16.97
     
  • Fri
    Apr 11
    2014
    $16.90
     
  • Mon
    Apr 14
    2014
    $16.98
     
  • Tue
    Apr 15
    2014
    $17.10
     
  • Wed
    Apr 16
    2014
    $17.19
     
 
52 Week High $18.06
(5/21/2013)
52 Week Low $15.62
(12/12/2013)
YTD Total Return w/Load 8.72%
Net Asset Class $60,541.77
Net Asset Fund $75,758,459.04
Basics
Ticker CEECX
CUSIP 48121L452
Share Class Inception Date 08/31/2011
Fund Number 3643
Asset Class Specialty
Cut-off time1 4:00 P.M.

To the extent that the Fund invests in foreign securities, these investments may be riskier than investments in U.S. securities. These risks include political and economic risks, greater volatility, currency fluctuations, higher transaction costs, delayed settlements, possible foreign controls on investment and less stringent investor protection and disclosure standards of some foreign markets, all of which could adversely affect the Fund's investments in a foreign country. The securities markets of many foreign countries are relatively small, with a limited number of companies representing a small number of industries. If foreign securities are denominated and traded in a foreign currency, the value of the Fund's foreign holdings can be affected by currency exchange rates and exchange control regulations.

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.

1Please refer to the prospectus for additional information about cut-off times.

^^A "core" real estate portfolio generally includes well-leased, high-quality properties that historically have had more stable returns.

The Wilshire US Real Estate Securities Index is an unmanaged, float-adjusted market capitalization-weighted index comprising publicly traded REITs and real estate operating companies, not including special purpose REITs. It is comprised of major companies engaged in the equity ownership and operation of commercial real estate. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.

The Barclays Investment Grade REIT Index includes publicly issued U.S. corporate and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bonds must be SEC-registered or 144a securities with registration rights and only includes the portion of the Barclays Capital U.S. Corporate Index deemed to be a Real Estate Investment Trust. The performance of the index does not reflect the deduction of expenses associated with a fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.

U.S. Core Real Estate Securities Composite Benchmark is a composite benchmark comprised of unmanaged indexes that includes 60% Wilshire US Real Estate Securities Index, 10% Wells Fargo Hybrid and Preferred Securities REIT Index and 30% Barclays Investment Grade REIT Index. The performance of the Composite Benchmark does not reflect the deduction of expenses associated with a mutual fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of mutual fund expenses, including sales charges, if applicable. An individual cannot invest directly in an index.

The performance of the Lipper Real Estate Funds Index includes expenses associated with a mutual fund, such as investment management fees. These expenses are not identical to the expenses charged by the Fund. An individual cannot invest directly in an index.

Total return assumes reinvestment of dividends and capital gains distributions and reflects the deduction of any sales charges, where applicable. Performance may reflect the waiver of a portion of the Fund's advisory or administrative fees for certain periods since the inception date. If fees had not been waived, performance would have been less favorable.

©2014, American Bankers Association, CUSIP Database provided by the Standard & Poor's CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. All rights reserved.