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Fund data as of 09/30/2017 unless otherwise specified.

Asset Allocation

Real Assets99%
Cash*1%
Total100%
* Cash is maintained by the fund for liquidity purposes and may be overlaid with equity and / or U.S. Treasury futures to provide capital market exposure.

Risk/Return Characteristics*

Standard Deviation11.05%
R-Squared99.11%
Beta vs Benchmark0.96
Beta vs S&P 500 Index0.66
Sharpe Ratio0.53
Information Ratio0.35
All measures over a 5-year period.

Portfolio Characteristics

Price to Funds from Operation (FFO)21.74
NTM FFO Growth5.20%
Weighted Avg Market Cap**$12,465
** $ in millions

Yield

SEC 30-Day Yield2.37%
SEC 30-Day Yield (Gross) †2.37%
Gross Yield reflects yield if fee waivers were not in effect.

Sector Holdings

Diversified24.55%
Healthcare7.53%
Industrial8.57%
Industrial/Office Mixed1.34%
Lodging/Resorts4.21%
Office15.56%
Residential14.62%
Retail20.29%
Self Storage3.34%
Total100.01%
Due to rounding, holdings data may not sum to 100%.

Top Ten Holdings

Welltower, Inc.3.16%
Simon Property Group, Inc.2.19%
Mitsubishi Estate Company, Limited2.02%
Extra Space Storage Inc.1.82%
Vonovia SE1.71%
Prologis, Inc.1.69%
GGP, Inc.1.65%
Camden Property Trust1.58%
Unibail-Rodamco SE1.58%
Sun Hung Kai Properties Limited1.57%
Total18.97%
Portfolio composition subject to change at any time.
Price to Funds from Operations ("FFO") - A ratio used by REITs to show relative value. FFO is calculated by adding back real estate depreciation and amortization expenses to earnings.
1 Year Price Funds from Operations ("FFO") Growth - The percentage change of FFO over the previous year.
Standard deviation - A statistical measurement of distribution around an average, which depicts how widely returns varied over a certain period of time. Investors use the standard deviation of historical performance to try to predict the most likely range of returns. When a fund has a high standard deviation, the predicted range of performance is wide implying greater volatility.
R-squared - Shows the percentage of a fund's performance that is explained by movement in the benchmark index. This shows the correlation between the fund and its benchmark. An R-squared of 100% indicates that all movements of a fund can be explained by movements in the benchmark. A low R-squared indicates that very few of the fund's movements can be explained by movements in its benchmark. An R-squared measure of 50%, for example, means that only 50% of the fund's movements can be explained by movements in the benchmark index.
Beta vs. Benchmark - Beta is a measure of a fund's sensitivity to market movements as defined by the fund's benchmark. A fund with a higher beta relative to the benchmark is more volatile than the benchmark and a fund with a lower beta relative to the benchmark can be expected to rise and fall more slowly than the benchmark.
Beta vs. S&P 500© Index - Beta is a measure of a fund's sensitivity to market movements as defined by the S&P 500©. A fund with a higher beta relative to the S&P 500© is more volatile than the S&P 500© and a fund with a lower beta relative to the S&P 500© can be expected to rise and fall more slowly than the S&P 500©.
Sharpe Ratio - A risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better the fund's historical risk adjusted performance.
Information Ratio - Measures how much the fund outperformed the benchmark per unit of additional risk taken.