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%.
Total Returns as of 9/30/2010
(inception date 7/30/2008)
Grubb & Ellis AGA Realty Income Fund
Grubb & Ellis AGA Realty Income Fund
Expense ratio: Gross: 4.21% Net: 1.49%+
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.
"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.
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