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Investment Objectives
Security Capital U.S. Real Estate Shares ("SC-US Real Estate Shares") is a highly focused, no-load mutual fund that seeks to provide shareholders with above-average total returns, including current income and capital appreciation, primarily through investments in real estate securities in the United States. Long-term, the fund's objective is to achieve top-quartile total returns as compared with other mutual funds that invest primarily in real estate securities in the United States.
Today's Net Asset Value
As of May 20, 2002
$12.66
Investment Performance
As of March 31, 2002
Average Annual Total Returns
| |
SC-US
Real Estate
Shares |
NAREIT
Equity
Index1 |
Wilshire Real
Estate
Securities Index1 |
| YTD 2002 |
7.47% |
|
8.26% |
|
9.05% |
|
| One Year |
19.74% |
|
22.87% |
|
21.69% |
|
| Three Year |
17.39% |
|
16.02% |
|
16.45% |
|
| Five Year |
11.34% |
|
7.93% |
|
8.17% |
|
| Since Inception (12/20/96) |
11.75% |
|
8.46% |
|
8.94% |
|
|
Past performance is not a guarantee of future results. Investment returns and principal value will fluctuate, and you may have a gain or a loss when you sell your shares. Performance results include reinvestment of all dividends and capital gains distributions. The performance of the above-referenced indices does not include any fees or expenses, and the underlying portfolio securities of SC-US Real Estate Shares may differ from those of the indices.
1The National Association of Real Estate Investment Trusts (NAREIT) Equity Index is an unmanaged index of publicly traded U.S., tax-qualified REITs that have 75% or more of their gross invested book assets invested in the equity ownership of real estate. The Wilshire Real Estate Securities Index is an unmanaged, broad based, market capitalization-weighted index comprised of publicly traded REITs and real estate operating companies, not including special purpose or health care REITs, engaged in the equity ownership and operation of commercial real estate. You cannot invest directly in an index.
HOW TO GET STARTED
If you would like to invest in SC-US Real Estate Shares, please call us toll-free 1-888-SECURITY or contact us via
e-mail to request an investment kit. The investment kit includes the Fund's most recent annual or semi-annual report and a prospectus, which explains the expenses, fees and risks of investing in the Fund. Please read the prospectus carefully before you invest or send money.
If you are already a shareholder in SC-US Real Estate Shares, you can make additional purchases, redemptions, address changes or changes in your distribution options by calling toll-free at 1-800-409-4189.
Shares are offered by Macquarie Capital Partners LLC, a registered broker-dealer and an NASD member firm.
You can also invest in SC-US Real Estate Shares through a number of different firms. Please see Investment Minimums for a listing of these firms and their minimums for initial investments.
Real estate securities, like all investments, are subject to certain risks. These include, but are not limited to, industry, market, environmental, interest rate and liquidity risks. In addition, because sector funds are more narrowly focused, they may exhibit greater volatility than more broadly based stock mutual funds. Please read the "Risk Factors" in the prospectus carefully before you invest or send money.
Investment Minimums
Regular Accounts
Directly through the Fund
Schwab OneSource®
Fidelity FundsNetwork®
Vanguard FundAccess®
|
$1,000
$2,500
$2,500
$5,000
|
IRA / Coverdell Education Savings / UGMA Accounts
Directly through the Fund
Schwab OneSource®
Fidelity FundsNetwork®
Vanguard FundAccess®
|
$500
$1,000
$1,000
$1,000 for IRA, $5,000 for UGMA
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| Fund Facts |
As of March 31, 2002
Up-front Sales Load
Redemption Fee
Symbol
CUSIP Number
Total Net Assets
Number of Holdings
Price/2002 FFO1
Dividend Yield2
Total Expense Ratio
|
None
None
SUSIX
813913100
$202.9 million
27
9.3x
6.0%
1.13%
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1Funds from operations (FFO) is a supplemental measure of forward looking real estate investment trust (REIT) performance for the year
2002. FFO is net income excluding gains and losses from sales of property or debt restructuring, and adding back depreciation of real estate.
2Weighted average dividend yield for the securities in SC-US Real Estate Shares' portfolio.
| Diversification by Property Type1 |
As of March 31, 2002
Multifamily
Office
Regional Malls
Hotel
Shopping Centers
Other2
Storage
Diversified
Healthcare
|
29.2%
24.8%
14.7%
11.0%
7.3%
5.6%
3.6%
2.7%
1.1%
|
1Sector weightings are subject to change.
2Other includes short-term investments and other assets in excess of
other liabilities.
SC-US Real Estate Shares Distribution Information
The distribution information on our website is provided for planning purposes only. Due to the possible recharacterization of income, you should not rely upon this information to prepare or file your Federal or State Income Tax returns. You should wait to receive your Form 1099-DIV
each February for the prior tax year.
Below are the 2002 distribution dates for
SC-US Real Estate Shares. Distributions
will be paid to all shareholders owning shares as of the record date,
regardless of how long the shares were held.
2002
Dividends and Capital Gains Distributions
|
Amount
per Share |
Record Date |
Payable Date |
| First Quarter Income Dividend |
$0.14955749
|
3/26/02 |
3/27/02 |
| Second Quarter Income
Dividend |
TBD |
6/26/02 |
6/27/02 |
| Third Quarter Income
Dividend |
TBD |
9/26/02 |
9/27/02 |
| Fourth Quarter Income
Dividend |
TBD |
12/27/02 |
12/28/02 |
| Annual Short-term Capital
Gain |
TBD |
12/27/02 |
12/28/02 |
| Annual Long-term Capital
Gain |
TBD |
12/27/02 |
12/28/02 |
|
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| Year-to-date
2002
Distribution |
$0.14955749 |
|
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Below are the historical distributions per share for
SC-US Real Estate Shares. Distributions
were paid to all shareholders owning shares as of the record date,
regardless of how long the shares were held.
2001
Dividends and Capital Gains Distributions
|
Amount
per Share |
Record Date |
Payable Date |
| First Quarter Income Dividend |
|
$0.11233029 |
3/28/01 |
3/29/01 |
| Second Quarter Income
Dividend |
|
$0.11999771 |
6/27/01 |
6/28/01 |
| Third Quarter Income
Dividend |
|
$0.1707082 |
9/26/01 |
9/27/01 |
| Fourth Quarter Income
Dividend |
|
$0.16678239 |
12/27/01 |
12/28/01 |
| Annual Short-term Capital
Gain |
|
$0.07794126 |
12/27/01 |
12/28/01 |
| Annual Long-term Capital
Gain |
|
$0.16224389 |
12/27/01 |
12/28/01 |
|
|
|
|
|
| Total 2001
Distribution |
|
$0.81000374 |
|
|
2000
Dividends and Capital Gains Distributions
|
Amount
per Share |
Record Date |
Payable Date |
| First Quarter Income Dividend |
|
$0.12485442 |
3/29/00 |
3/30/00 |
| Second Quarter Income
Dividend |
|
$0.12384452 |
6/28/00 |
6/29/00 |
| Third Quarter Income
Dividend |
|
$0.15479899 |
9/27/00 |
9/28/00 |
| Fourth Quarter Income
Dividend |
|
$0.12482982 |
12/27/00 |
12/28/00 |
| Annual Short-term Capital
Gain |
|
$0.00 |
12/27/00 |
12/28/00 |
| Annual Long-term Capital
Gain |
|
$0.00 |
12/27/00 |
12/28/00 |
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| Total 2000
Distribution |
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$0.52832775 |
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1999
Dividends and Capital Gains Distributions
|
Amount
per Share |
Record Date |
Payable Date |
| First Quarter Income Dividend |
|
$0.11992968 |
3/29/99 |
3/30/99 |
| Second Quarter Income
Dividend |
|
$0.12184607 |
6/28/99 |
6/29/99 |
| Third Quarter Income
Dividend |
|
$0.12247856 |
9/28/99 |
9/29/99 |
| Fourth Quarter Income
Dividend |
|
$0.14867991 |
12/29/99 |
12/30/99 |
| Annual Short-term Capital
Gain |
|
$0.00 |
12/29/99 |
12/30/99 |
| Annual Long-term Capital
Gain |
|
$0.00 |
12/29/99 |
12/30/99 |
|
|
|
|
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| Total 1999
Distribution |
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$0.51293422 |
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Please consult your tax advisor regarding your
specific tax situation. Please read the prospectus carefully before you invest or send money.
Shares are offered by Macquarie Capital Partners LLC, a registered broker-dealer and an NASD member firm.
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© 2001 Morningstar, Inc.
All Rights Reserved. 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 is no guarantee of future results.
The Morningstar Rating™
reflects historical risk-adjusted performance as of March 31, 2002.
Past performance is no guarantee of future results.
The Overall Morningstar Rating™ is the weighted average of a fund’s
three-, five- and ten-year (if applicable) risk-adjusted performance.
For the three-year period ending March 31, 2002, the Fund received a
rating of 5 stars out of 5,040 domestic equity funds. For the five-year period ending March 31, 2002, the Fund received
a rating of 4 stars out of 3,293 domestic equity funds. The top 10% of the funds in the broad asset class receive
five stars.
The Morningstar® Category
Rating™ is a quantitative measure of risk adjusted performance over a
three-year period and shows how well a fund has balanced risk and return
relative to other funds in its category.
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| Last
updated:
Wednesday, January 08, 2003
at
02:03 PM.
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