First American Real Estate Secs Y  FARCX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Real Estate Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Medium
   Blend
  
  
As of 2009-09-30
Day Change
$ -0.11
  
NAV (2009-11-10)
$ 13.14
  
YTD Return % (2009-11-10)
19.26%
  
Total Assets ($ mil)
1,066
View Data Definitions
  Performance    
Growth of $10,000 Fund: First American Real Estate Secs Y
(from 1999-01-01 to 2009-10-31) Category: Real Estate
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-10
Inception date: 1995-06-30 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-10
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 20.90 77.34 -12.28 3.08 11.38 10.26
+/- Category 5.65 74.52 4.07 4.62 2.83 ---
+/- S&P 500 TR -2.62 28.54 -6.38 2.40 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 19.54 -24.12 -10.16 4.44 11.62 10.69
Month-End (as of 2009-10-31) 14.09 3.11 -13.36 2.26 11.38 10.26
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 1.40 -15.74 -0.63 8.53 ---
On Distribution & Sale of Shares --- 1.81 -11.76 1.01 8.73 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 232 funds), (5 yrs : out of 204 funds), (10 yrs : out of 99 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 0.92
Software 0.00
Hardware 0.00
Media 0.00
Telecommunications 0.92
Service 99.08
Healthcare 0.36
Consumer Services 0.33
Business Services 0.00
Financial Services 98.40
Manufacturing 0.00
Consumer Goods 0.00
Industrial Materials 0.00
Energy 0.00
Utilities 0.00
Asset Allocation
% of Net Assets
Cash 0.4
Stocks 99.3
Bonds 0.0
Other 0.3
Foreign Stocks 2.4
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings 81 Turnover % 150
Total Number of Bond Holdings 0 30 Day SEC Yield % 2.37
% of Assets in Top 10 Holdings 42.15 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
Simon Property Group, Inc. 28.41 40.50 9.93
Public Storage 18.94 0.94 5.29
Vornado Realty Trust 52.08 21.25 4.75
Boston Properties, Inc. 53.48 22.15 4.40
Ventas, Inc. 25.84 28.92 3.30
Host Hotels & Resorts, Inc. 10.66 42.56 3.28
HCP, Inc. 36.10 14.76 3.07
AvalonBay Communities, Inc. 45.25 23.25 2.90
Equity Residential --- 11.51 2.62
Federal Realty Investment Trust 31.85 7.15 2.61
Data through 2009-09-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 1995-06-30
Portfolio Manager  (Start Date)
John G. Wenker  (1999-10-01)
John is lead manager of the Real Estate Securities team, which invests primarily in equity real estate investment trusts. He is also lead manager of the real estate debt product, which invests primarily in commercial real estate debt. He is responsible for the investment process and performance of the Real Estate Securities team. He is also a member of the firms’ Asset Allocation Committee and Investment Strategy Committee. John joined the firm in 1992 as a managing director of the Fixed Income department. He has 23 years of financial industry experience, including 14 years in portfolio management. John has a B.A. in public administration from Metropolitan State University and an M.B.A. in finance from the University of St. Thomas, Minneapolis. John serves as a spokesperson for the firm on real estate issues. He has appeared on CNBC TV’s “Squawk Box” and has been quoted in publications such as BusinessWeek and The Wall Street Journal.
Jay L. Rosenberg  (2005-05-30)
Jay is the co-lead manager of the Real Estate Securities product, which invests primarily in equity real estate investment trusts. He has 11 years of financial industry experience. Prior to joining the firm in 2005, Jay was a vice president and real estate portfolio manager for Advantus Capital Management. He also previously served as a real estate fixed-income analyst for Sit Investment Advisors, a development manager for office and office/warehouse products for the Welsh Companies, and a land use planner at Siemon, Larsen & Marsh in Chicago. Jay received a B.S. from the University of Wisconsin—Madison and a Master’s degree in urban planning and public policy from the University of Illinois, Chicago. Jay serves as a spokesperson for the firm on real estate issues. He has been quoted in publications such as BusinessWeek and The Wall Street Journal.
Sales Charge %
(taken from prospectus dated 2009-02-27)
Front: None
Deferred: None
Expense Ratio % 0.98
based on net assets
(taken from annual report dated 2008-10-31)
Correspondence Information
800 Nicollet Mall
Bc-mn-h04n
Minneapolis,  MN  55402
USA
Telephone:
800-677-3863
612-973-1111
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.