SAN MATEO, Calif., Oct. 12 /PRNewswire-FirstCall/ -- Grubb &
Ellis Alesco Global Advisors announced that the Grubb & Ellis
AGA Realty Income Fund (GBEIX) paid a dividend of $0.14 per share on September 29, 2010. The Fund is up 26.59% in 2010
through September 30, 2010. The
fund's subsidized 30-day SEC yield* is 5.40% and the unsubsidized
30 day SEC yield is 4.71%.
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Total Returns as of
9/30/2010
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(inception date
7/30/2008)
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Quarter
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YTD
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1 Year
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Since Inc.
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Grubb & Ellis AGA Realty
Income Fund
(Class A at NAV)
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13.35%
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26.59%
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40.69%
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15.99%
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Grubb & Ellis AGA Realty
Income Fund
(With Load)
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7.70%
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20.22%
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33.59%
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13.26%
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Expense ratio: Gross: 4.21% Net:
1.49%+
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Performance quoted represents
past performance; past performance does not guarantee future
results. The investment return and principal value of an investment
will fluctuate so that an investor's shares, when redeemed, may be
worth more or less than their original cost. Current performance of
the fund may be lower or higher than the performance quoted.
Performance data to the most recent month-end may be obtained by
calling 877.404.7822.
Performance data shown with load
for the funds reflects the maximum Class A sales charge of 5.00
percent. Class A Shares for the Grubb & Ellis AGA Realty Income
Fund were no-load prior to 4/1/2009. The funds impose a 1.00
percent redemption fee on shares held for less than 90 days.
Purchases of $1,000,000 or more are not subject to a front-end
sales charge, however, if redeemed in 12 months, are subject to a
1.00 percent Contingent Deferred Sales Charge (CDSC). Performance
data does not reflect the redemption fee nor CDSC and shares at NAV
do not reflect the maximum sales charge. If it had, returns would
be reduced.
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"As we speak with both investment professionals and individual
investors, it's apparent that finding an attractive income stream
has become a challenge," said Jay
Leupp, senior portfolio manager for the Fund. "We're proud
to offer an alternative to traditional sources of investment income
that may have become less compelling in this low-yield
environment."
The Grubb & Ellis AGA Realty Income Fund invests in a
diversified portfolio of dividend paying real estate related
securities. The managers look for companies that appear to be
comfortably covering their dividends and have demonstrated
recurring and consistent cash flow.
As of September 30, 2010,
Morningstar ranked the fund #8 based on total return out of 266
real estate funds for one year, placing it in the top three
percentile in its category.
Grubb & Ellis AGA Realty Income Fund is managed by an
experienced portfolio team with public and private market real
estate experience, as well as long-standing industry relationships.
The fund is distributed by Quasar Distributors, LLC.
Grubb & Ellis Alesco Global Advisors is a subsidiary of
Grubb & Ellis Company (NYSE: GBE), one of the largest
commercial real estate services and investment management firms.
This relationship affords them access to a nationwide network of
real estate brokers and researchers, providing market insights and
understanding on virtually every real estate market and product
type in the country.
For more information regarding Grubb & Ellis AGA Realty
Income Fund, please visit the fund's Web site at
www.gbemutualfunds.com.
About Grubb & Ellis Company
Grubb & Ellis Company (NYSE: GBE) is one of the largest and
most respected commercial real estate services and investment
companies in the world. Our 6,000 professionals in more than 100
company-owned and affiliate offices draw from a unique platform of
real estate services, practice groups and investment products to
deliver comprehensive, integrated solutions to real estate owners,
tenants and investors. The firm's transaction, management,
consulting and investment services are supported by highly regarded
proprietary market research and extensive local expertise. Through
its investment subsidiaries, the company is a leading sponsor of
real estate investment programs that provide individuals and
institutions the opportunity to invest in a broad range of real
estate investment vehicles, including public non-traded real estate
investment trusts (REITs), mutual funds and other real estate
investment funds. For more information, visit
www.grubb-ellis.com.
Important notes
Mutual fund investing involves risk, including the potential
loss of principal.
Investors should be aware of the risks involved with
investing in a fund concentrating in REITs and real estate
securities, such as declines in the value of real estate and
increased susceptibility to adverse economic or regulatory
developments. Investments in asset backed and mortgage backed
securities include additional risks that investors should be aware
of, such as credit risk, prepayment risk, possible illiquidity and
default, as well as increased susceptibility to adverse economic
developments. Investing in small and medium-sized companies
involves greater risks than those associated with investing in
large company stocks, such as business risk, significant stock
price fluctuations and illiquidity. Investments in debt securities
typically decrease in value when interest rates rise. This risk is
usually greater for longer-term debt securities. Diversification
does not assure a profit or protect against a loss in a declining
market.
To determine if this fund is an appropriate investment for
you, carefully consider the fund's investment objectives, risk
factors, charges and expenses before investing. This and other
information can be found in the fund's prospectus, which may be
obtained by visiting www.gbemutualfunds.com or calling
877.404.7822. Read the prospectus carefully before
investing.
Investment performance reflects fee waivers in effect. In the
absence of such waivers, total return would be reduced.
*The SEC yield is calculated by dividing annualized net
investment income per share during a 30-day period by the maximum
offering price per share as of the close of that period. SEC yield
reflects the rate at which the fund is earning income on its
current portfolio of securities. Since the tax character of
distributions received from REITs cannot be determined until after
year-end, the SEC yield has been adjusted based on historical
estimates of return of capital and capital gains.
Morningstar Rankings represent a fund's total-return rank
relative to all funds that have the same Morningstar Category. The
highest rank is 1 and the lowest is based on the total number of
funds ranked in the category. It is based on Morningstar total
return, which includes both income and capital gains or losses and
is not adjusted for sales charges or redemption fees. The highest
percentile rank is 1 and the lowest is 100. It is based on
Morningstar total return, which includes both income and capital
gains or losses and is not adjusted for sales charges or redemption
fees. The information contained herein: (1) is proprietary to
Morningstar and/or its content providers; (2) may not be copied or
distributed; and (3) is not warranted to be accurate, complete, or
timely. Neither Morningstar nor its content providers are
responsible for any damages or losses arising from any use of this
information.
Past performance does not guarantee future results.
Cash flow measures the cash generating capability of a company
by adding non-cash charges (e.g. depreciation) and interest expense
to pretax income.
+ The advisor has contractually agreed, until 9/28/2011, to
waive its fees and/or absorb expenses of the fund to ensure that
total annual operating expenses do not exceed 1.48 percent of the
fund's average net assets (excluding (1) extraordinary expenses,
(2) sales load, and (3) dividend and interest expense).
SOURCE Grubb & Ellis Alesco Global Advisors
Copyright . 12 PR Newswire