Use the Guide
Browse the Guide
Portfolio Discussions
Dr. Kelly's Review
Use the Guide
Guide to Retirement
Discussions
Client Presentation
Headlines
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Headlines
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Featured Topics
Fixed Income
U.S. Equities
Income Opportunities
Global Growth
Looking for other topics? Visit the Library
Choose a Shortcut

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

Objective

High total investment return through a combination of capital appreciation and current income.

Strategy/Investment process

  • Invests primarily in equity securities of real estate investment trusts (REITs).
  • Invests in equity REITs, which take ownership interest in real estate, and mortgage REITs, which invest in mortgages.
  • Selects companies that exhibit superior financial strength and operating returns and attractive growth prospects.
Performance basics
  Annualized returns (as of 3/31/2014)
  1 Year 3 Year 5 Year 10 Year
at NAV 3.06% 8.80% 27.25% 7.15%
With 5.00% max. CDSC -1.94% 7.94% 27.10% 7.15%
MSCI US REIT Index 4.28% 10.65% 28.79% 8.20%
Lipper Real Estate Funds Index 0.80% 6.24% 23.23% 6.28%

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.

Annual operating expenses (%)
Expense cap expiration date 12/31/2014
Expense cap 1.68%
Total annual operating expenses 1.90%
Fee waivers and/or expense reimbursements 0.22%
Net expenses 1.68%

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.

Ratings (as of 3/31/2014)
Morningstar overall rating: (225 funds)
Morningstar category: Real Estate

Overall rating B Shares; Real Estate Category; 225 funds. Three year rating 2 stars; 225 funds. Five year rating 3 stars; 194 funds. 10 year period not yet rated.

2014, Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damage or losses arising from any use of this information. Past performance is not a guarantee of future results. For each fund with a three-year history, Morningstar calculates a Morningstar Rating™ metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class 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. Past performance is no guarantee of future results. Different share classes may have different ratings.

The ranking information is provided by Lipper Analytical Services. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Lipper category. Different share classes may have different rankings.

Minimum investments
Minimum investments Minimum subsequent investments
Regular $1000 Regular $25
IRA $1000 IRA $25
Daily stats (as of 4/23/2014)
NAV YTD
$12.21 11.78%
$0.05 | -0.41%  
 
NAV as of:
  • Fri
    Mar 14
    2014
    $11.88
     
  • Mon
    Mar 17
    2014
    $11.92
     
  • Tue
    Mar 18
    2014
    $11.96
     
  • Wed
    Mar 19
    2014
    $11.71
     
  • Thu
    Mar 20
    2014
    $11.73
     
  • Fri
    Mar 21
    2014
    $11.84
     
  • Mon
    Mar 24
    2014
    $11.76
     
  • Tue
    Mar 25
    2014
    $11.88
     
  • Wed
    Mar 26
    2014
    $11.73
     
  • Thu
    Mar 27
    2014
    $11.81
     
  • Fri
    Mar 28
    2014
    $11.89
     
  • Mon
    Mar 31
    2014
    $11.92
     
  • Tue
    Apr 01
    2014
    $11.98
     
  • Wed
    Apr 02
    2014
    $11.99
     
  • Thu
    Apr 03
    2014
    $11.97
     
  • Fri
    Apr 04
    2014
    $12.02
     
  • Mon
    Apr 07
    2014
    $12.06
     
  • Tue
    Apr 08
    2014
    $12.13
     
  • Wed
    Apr 09
    2014
    $12.10
     
  • Thu
    Apr 10
    2014
    $11.98
     
  • Fri
    Apr 11
    2014
    $11.91
     
  • Mon
    Apr 14
    2014
    $11.98
     
  • Tue
    Apr 15
    2014
    $12.14
     
  • Wed
    Apr 16
    2014
    $12.23
     
  • Thu
    Apr 17
    2014
    $12.18
     
  • Mon
    Apr 21
    2014
    $12.22
     
  • Tue
    Apr 22
    2014
    $12.26
     
  • Wed
    Apr 23
    2014
    $12.21
     
 
52 Week High $13.39
(5/21/2013)
52 Week Low $10.75
(12/12/2013)
YTD Total Return w/Load 6.78%
Net Asset Class $511,878.39
Net Asset Fund $810,884,142.57
Basics
Ticker URTBX
CUSIP 904504529
Share Class Inception Date 06/04/2004
Fund Number 1179
Asset Class Specialty
Cut-off time1 4:00 P.M.

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.

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

The quoted performance of the Fund includes performance of a predecessor fund/share class prior to the Fund's commencement of operations. Please refer to the current prospectus for further information.

The MSCI US REIT Index is a free float-adjusted market capitalization weighted index that is comprised of equity REITs that are included in the MSCI US Investable Market 2500 Index, with the exception of specialty equity REITs that do not generate a majority of their revenue and income from real estate rental and leasing operations. The index represents approximately 85% of the US REIT universe. An index is a list of securities. 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 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.