Global Real Estate

as of 04/17/14
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Daily Price (04/17/14) $11.22 Daily Change: $+0.02 (+0.18%)  
Investment Objective: Growth & Income Ticker Symbol: ARYVX
Fund Type: Specialty Stock Funds Fund Code: 837
Share Class: Investor Inception Date: 04/29/11
Total Assets: $47,489,139.42 Newspaper Symbol: Glb REIT  
Performance

Data reflects past performance for Investor Class shares, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Obtain performance data current to the most recent month end. For additional share class information, consult the prospectus.

  Total Return Average Annual Total Return as of 03/31/2014
Expense
Ratio*
Inception
Date
as of
04/17/2014
YTD
as of
03/31/2014
1 yr
3 yr 5 yr 10 yr 20 yr Life
  +4.28% +1.91% --% --% --% --% +7.75% 1.21% 04/29/11
Morningstar
Ratings
M1:(as of 03/31/2014)
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Funds rated in category:--------------
Morningstar Category:
Lipper Quartiles & Rankings:L1 --Quartile Ranking
53/120
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Ranking for Global Real Estate Funds as of 03/31/2014, based on total returns.
 

M1For 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, 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. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) 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. Morningstar Rating™ is for Investor share class only; other classes may have difference performance characteristics.

Morningstar Info

Overall Rating
Stars
(as of 03/31/2014 )

The fund's current expense ratio is 1.21%

Investment Strategy:
  • Equity securities of real estate investment trusts and other real estate industry firms
For Investors who:
  • Seek long–term capital growth and income.
  • Want broad international and domestic real estate exposure.K2
  • Would like the benefits of diversifying with international investments but aren't comfortable with funds that invest 100% overseas.K3
  • Can tolerate high share price fluctuation.K1, K2
Risk Factors:

The fund is classified as nondiversified. Because it is nondiversified, it may hold large positions in a small number of securities. To the extent it maintains such positions, a price change in any one of those securities may have a greater impact on the fund's share price than if it were diversified.

An investment in the fund may be subject to many of the same risks as a direct investment in real estate. These risks include changes in economic conditions, interest rates, property values, property tax increases, overbuilding and increased competition, environmental contamination, zoning and natural disasters. This is due to the fact that the value of the fund's investments may be affected by the value of the real estate owned by the companies in which it invests. To the extent the fund invests in companies that make loans to real estate companies, the fund also may be subject to interest rate risk and credit risk.

More Information
arrow Prospectus
arrow Summary Prospectus
arrow Investment Kit
arrow Fund Minimums
arrow Semiannual Report
arrow Annual Report
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Fund Management

Steven R. Brown
Steven R. Brown
Senior Vice President, Senior Portfolio Manager

Steven Rodriguez
Steven Rodriguez
Portfolio Manager

Objective

The fund seeks high total investment return through a combination of capital appreciation and current income.



Footnotes

(*) The annual expense ratio is based on expenses incurred by the fund, as stated in the most recent prospectus.

International investing involves special risk considerations, including economic and political conditions, inflation rates and currency fluctuations.

K1Due to the sector focus of this fund, it may experience greater volatility than funds with a broader investment strategy. It is not intended to serve as a complete investment program by itself.

K2An investment in the fund may be subject to many of the same risks as a direct investment in real estate. These risks include changes in economic conditions, interest rates, property values, property tax increases, overbuilding and increased competition, environmental contamination, zoning and natural disasters. This is due to the fact that the value of the fund's investments may be affected by the value of the real estate owned by the companies in which it invests. To the extent the fund invests in companies that make loans to real estate companies, the fund also may be subject to interest rate risk and credit risk.

K3Because it is nondiversified, it may hold large positions in a small number of securities. To the extent it maintains such positions, a price change in any one of those securities may have a greater impact on the fund's share price than if it were diversified.

L1Lipper rankings are based on average annual total returns. Portions of the mutual fund performance information contained on this page were supplied by Lipper, a Reuters Company, subject to the following: Copyright © Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Performance data is preliminary and subject to revision. Rankings are based on all classes available within the classification as of the date shown. Rankings are based only on the universe shown.

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