REMS Real Estate Value Opportunity Instl  HLRRX
  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?
   Small
   Value
  
  
As of 2009-09-30
Day Change
$ -0.04
  
NAV (2009-11-20)
$ 8.54
  
YTD Return % (2009-11-20)
29.86%
  
Total Assets ($ mil)
42
View Data Definitions
  Performance    
Growth of $10,000 Fund: REMS Real Estate Value Opportunity Instl
(from 2002-12-16 to 2009-10-31) Category: Real Estate
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2002-12-16 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 29.86 95.44 -7.09 2.16 --- 5.89
+/- Category 14.61 92.62 9.26 3.70 --- ---
+/- S&P 500 TR 6.34 46.64 -1.19 1.48 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 31.54 -12.71 -5.03 3.42 --- 6.70
Month-End (as of 2009-10-31) 25.45 12.53 -7.64 1.75 --- 5.89
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 9.07 -11.03 -1.51 --- ---
On Distribution & Sale of Shares --- 7.59 -7.56 0.38 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 232 funds), (5 yrs : out of 204 funds), (10 yrs : out of 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 0.00
Software 0.00
Hardware 0.00
Media 0.00
Telecommunications 0.00
Service 99.95
Healthcare 0.00
Consumer Services 2.24
Business Services 0.00
Financial Services 97.70
Manufacturing 0.05
Consumer Goods 0.05
Industrial Materials 0.00
Energy 0.00
Utilities 0.00
Asset Allocation
% of Net Assets
Cash 0.0
Stocks 87.2
Bonds 0.0
Other 12.8
Foreign Stocks 6.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings 28 Turnover % 146
Total Number of Bond Holdings 0 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 44.28 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
iShares Dow Jones US Real Estate --- --- --- 9.59
Kite Realty Group Trust 23.15 -37.10 4.49
Highwoods Properties --- 16.12 3.93
MI Developments Inc. 18.66 87.67 3.87
Liberty Property Trust 16.92 38.61 3.85
Colonial Properties Trust --- 40.46 3.84
Post Properties, Inc. --- 14.55 3.75
Biomed Realty Trust, Inc. 17.48 21.46 3.74
Mack-Cali Realty Corporation 31.06 32.78 3.68
Ramco-Gershenson Properties Trust 4.83 57.21 3.54
Data through 2009-09-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 2002-12-16
Portfolio Manager  (Start Date)
Edward W. Turville  (2002-12-16)
Mr. Turville is an industry consultant to DGHM and has been associated with the firm since 1990. Mr. Turville's background includes 19 years experience in investment research with securities firms in Dallas, New York, and Atlanta. From 1984 to 1989, Mr. Turville was Senior Vice President of Research at Johnson, Lane, Space, Smith & Co. Prior to that Mr. Turville was vice president research at the Robinson Humphrey Company. Mr. Turville is a graduate of Rice University with an advanced degree in Accounting.
Sales Charge %
(taken from prospectus dated 2009-11-02)
Front: None
Deferred: None
Expense Ratio % 1.60
based on net assets
(taken from annual report dated 2008-12-31)
Correspondence Information
8730 Stony Point Parkway
Suite 205
Richmond,  VA  23235
Telephone:
800-527-9525
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.