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FARCX Nuveen Real Estate Securities I

  • Fund
  • FARCX
  • Price as of: Dec 02, 2016
  • $22.54
  • + $0.23
  • + 1.03%
  • Category
  • Real Estate

FARCX - Profile

Vitals

  • YTD Return -1.9%
  • 3 Yr Annualized Return 10.4%
  • 5 Yr Annualized Return 11.3%
  • Net Assets $4.8 B
  • Holdings in Top 10 41.3%

52 WEEK LOW AND HIGH

$22.54
$20.51
$26.31

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.05%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 104.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2010-12-31

STANDARD (TAXABLE)

$100,000

IRA

$100,000

Investment Themes

CATEGORY

Real Estate
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 10.4%
  • 5 Yr Annualized Total Return 11.3%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.58%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Nuveen Real Estate Securities Fund
  • Fund Family Name Nuveen
  • Inception Date Jun 30, 1995
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Scott C. Sedlak

Fund Description

The Nuveen Real Estate Securities Fund Class I (FARCX) is an actively managed fund that seeks to provide investors with a high level of total return through dividends and capital appreciation. FARCX does this by betting on a variety of real estate-related equities domiciled in the United States. These include REITs, real estate developers, property managers and real estate brokers. The fund is predominantly a REIT-oriented fund. Managers use a variety of value metrics when selecting the fund’s underlying holdings.

With its average expenses, FARCX makes a prime subcore position in any portfolio. The fund is managed by Nuveen Asset Management, LLC.

FARCX - Performance

Return Ranking - Trailing

Period FARCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.9% -15.4% 9.7% 68.95% 4
1 Yr 5.4% -40.6% 34.3% 34.54% 2
3 Yr 10.4% * -8.0% 14.3% 24.20% 2
5 Yr 11.3% * 6.6% 14.6% 20.00% 1
10 Yr 5.9% * 0.5% 8.0% 8.38% 1

* Annualized


Return Ranking - Calendar

Period FARCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.7% -23.9% 2.4% 52.52% 3
2014 22.3% -3.3% 31.5% 49.12% 3
2013 -7.3% -23.2% 27.2% 66.50% 4
2012 12.1% 0.0% 40.4% 70.47% 4
2011 4.3% -12.6% 10.2% 67.07% 4

Total Return Ranking - Trailing

Period FARCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.0% -7.5% 9.7% 31.25% 2
1 Yr 5.4% -19.9% 90.7% 28.51% 2
3 Yr 10.4% * 1.2% 14.3% 21.00% 2
5 Yr 11.3% * 6.6% 14.6% 18.05% 1
10 Yr 5.9% * 0.5% 8.0% 7.26% 1

* Annualized


Total Return Ranking - Calendar

Period FARCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 3.6% -13.5% 12.2% 31.62% 2
2014 39.8% 0.0% 82.5% 17.12% 1
2013 1.8% -28.3% 28.4% 54.95% 3
2012 29.8% 0.0% 117.5% 16.93% 1
2011 14.0% -17.1% 11881.8% 16.67% 1

NAV & Total Return History

FARCX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FARCX Category Low Category High FARCX % Rank Quintile
Net Assets 4.8 B 3.39 M 60.1 B 3.16% 1
Number of Holdings 107 5 546 5.14% 1
Net Assets in Top 10 2.1 B 711 K 20.7 B 3.16% 1
Weighting of Top 10 41.3% 3.7% 165.9% 22.53% 4

Top 10 Holdings

  1. Simon Property Group Inc 9.88%
  2. Public Storage 5.25%
  3. Vornado Realty Trust 3.71%
  4. Welltower Inc 4.14%
  5. Equity Residential 3.09%
  6. Prologis Inc 3.39%
  7. Federal Realty Investment Trust 3.48%
  8. Ventas Inc 3.43%
  9. SL Green Realty Corp 2.65%
  10. Digital Realty Trust Inc 2.28%

Asset Allocation

Weighting Category Low Category High FARCX % Rank Quintile
Stocks
98.05% 1.09% 100.05% 13.44% 3
Cash
1.95% -109.96% 74.22% 12.65% 2
Other
0.00% 0.00% 108.20% 15.81% 5
Convertible Bonds
0.00% 0.00% 5.31% 3.16% 4
Preferred Stocks
0.00% 0.00% 41.24% 5.53% 4
Bonds
0.00% 0.00% 103.96% 5.14% 4

Stock Sector Breakdown

Weighting Category Low Category High FARCX % Rank Quintile
Real Estate
97.10% 0.00% 100.00% 9.09% 2
Communication Services
0.68% 0.00% 15.32% 10.28% 2
Healthcare
0.25% 0.00% 4.20% 4.35% 1
Consumer Cyclical
0.02% 0.00% 25.74% 20.16% 4
Financial Services
0.00% 0.00% 17.94% 4.35% 4
Industrials
0.00% -0.78% 11.94% 4.74% 4
Energy
0.00% 0.00% 38.67% 2.37% 4
Technology
0.00% 0.00% 5.45% 4.35% 4
Consumer Defense
0.00% 0.00% 0.89% 1.98% 4
Utilities
0.00% 0.00% 16.80% 2.37% 4
Basic Materials
0.00% 0.00% 33.61% 9.49% 4

Stock Geographic Breakdown

Weighting Category Low Category High FARCX % Rank Quintile
US
97.69% 1.00% 100.05% 15.02% 3
Non US
0.36% 0.00% 51.51% 7.91% 2

FARCX - Expenses

Operational Fees

FARCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.05% 0.10% 11.43% 43.48% 2
Management Fee 0.82% 0.07% 1.31% 6.32% 4
12b-1 Fee 0.00% 0.00% 1.00% 8.72% 1
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

FARCX Fees (% of AUM) Category Low Category High FARCX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FARCX Fees (% of AUM) Category Low Category High FARCX Rank Quintile
Max Redemption Fee N/A 0.75% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FARCX Fees (% of AUM) Category Low Category High FARCX Rank Quintile
Turnover 104.00% 2.28% 880.00% 5.93% 5

FARCX - Distributions

Dividend Yield Analysis

FARCX Category Low Category High FARCX % Rank Quintile
Dividend Yield 0.5% 0.00% 3.78% 7.95% 1

Dividend Distribution Analysis

FARCX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FARCX Category Low Category High FARCX % Rank Quintile
Net Income Ratio 1.58% -1.42% 10.00% 26.88% 2

Capital Gain Distribution Analysis

FARCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Annually Annually

FARCX - Managers

Scott C. Sedlak

Lead Manager

Start Date

Mar 21, 2011

Tenure

5.62

Tenure Rank

12.7%

Scott is a co-portfolio manager for the Real Estate Securities product, which invests primarily in equity real estate investment trusts (REITs). He covers the office, industrial, and lodging sectors. Scott began working in the financial industry in 2000 and has more than nine years of experience covering equity REITs. Previously, he was the senior research analyst for the Real Estate Securities product. Prior to joining the firmin 2007, Scott was an analyst with A.G. Edwards & Sons, following office, industrial, and diversified REITs. Scott earned a B.S. in business administration – finance from Truman State University. He is a member ofthe National Association of Real Estate InvestmentTrusts (NAREIT).


Jay L. Rosenberg

Lead Manager

Start Date

May 30, 2005

Tenure

11.43

Tenure Rank

5.5%

Jay serves in a strategic role as head of investments for the Real Assets Team, helping to drive the group’s investment philosophy while implementing its investment strategies and overseeing all trading decisions and analyst teams. Jay is also the lead manager of all listed real assets portfolios at Nuveen Asset Management. He is the creator of the Global Infrastructure Strategy, which invests in listed infrastructure companies, and has been its primary portfolio manager since its inception in 2007. He has also been the lead manager for the Real Asset Income Strategy, which invests in income-generating debt and equity securities from both the real estate and infrastructure segments, since its inception in 2011. In addition, Jay is the lead manager for the Real Estate Securities Strategy, which invests primarily in equity real estate investment trusts (REITs). He has been a manager for that strategy since he joined the firm in 2005. Jay started working with infrastructure and real estate assets in 1995. Prior to joining the firm, he served as a vice president and real estate portfolio manager for Advantus Capital Management and a real estate fixed income analyst at Sit Investment Advisors. Previously, Jay was a development manager for office and office/warehouse products at Welsh Companies and a land use planner at Siemon, Larsen & Marsh in Chicago. As a firm spokesperson on real estate and global infrastructure issues, Jay has appeared in many media outlets including BusinessWeek, The Wall Street Journal and Bloomberg TV. Jay graduated from the University of Wisconsin–Madison, where he received a B.S. He received a master’s degree in urban planning and public policy from the University of Illinois–Chicago.


Tenure Analysis

Category Low

0.2

Category High

22.8

Category Average

7.2

Category Mode

4.8