The fund's investment objective is high current income and capital appreciation.
The fund invests at least 90% of its total assets in income producing common stocks, preferred stocks, convertible preferred stocks and debt securities issued by real estate companies; at least 80% of its total assets in income producing equity securities issued by REITs; and will not invest more than 25% of its total assets in non-investment grade preferred stocks, convertible preferred stocks and debt securities. The fund uses leverage.
Managed Distribution Policy: This fund has adopted a Managed Distribution
Policy, designed to provide attractive, quarterly distributions throughout the course of the year. Under this policy, the fund seeks to maintain a stable quarterly distribution amount (in cents per common share), comprised of payments received from portfolio companies, as well as net realized fund portfolio capital gains and, if necessary, a return of capital (representing in some cases
net unrealized capital gains). The fund will determine the tax characteristics of all fund distributions after the end of the calendar year and will provide shareholders such information at that time.
| Current Distribution (Quarterly) (As of 10/1/2009) | $0.2200 |
| Monthly Equivalent Distribution | $0.0733 |
| Avg. Earnings/Share** ( As of 8/31/2009) | $0.0440 |
| Annualized 1 Year Total Return on NAV (As of 10/31/2009) | 1.06% |
| Annualized Distribution Rate on NAV †† | 11.61% |
| Annualized Since Inception Total Return on NAV (As of 10/31/2009) | 1.29% |
| Total % of Portfolio Leveraged (As of 10/30/2009) | 18.27% |
| Average Cost of Leverage(13 weeks) (As of 10/30/2009) | 1.46% |
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Potential for enhanced portfolio returns and reduced portfolio risk through the use of commercial real estate investments.
- High current income potential
- Opportunity for capital growth
- Portfolio management by one of the leading names in real estate investing
| Closing Share Price (As of 11/19/2009) | $7.19 |
| Closing NAV per Share (As of 11/19/2009) | $7.58 |
| Premium / Discount | -5.14% |
| Current Distribution Rate (Market price)†† | 12.24% |
| Distribution Amount (Quarterly) | $0.2200 |
|
Total Managed Assets |
$251,758,670 |
| Common Shares | |
| Total Common Net Assets | $205,758,670 |
| Shares Outstanding | 28,427,014 |
| Avg Daily Volume (in shares) | 83,050 |
| | Dollar | Percent |
| Total Structural Leverage | $46,000,000 | 18.27% |
| Effective Leverage | $46,000,000 | 18.27% |
| Asset Coverage 1 | More Information | |
| CUSIP | 67071B108 |
| NAV Ticker | XJRSX |
| Inception Date | 11/15/2001 |
| Inception NAV | $14.33 |
| Inception Share Price | $15.00 |
| # of Holdings | 44 |
| % Large, Mid, Small Cap † | 55.6%,25.4%,19.0% |
|
Data reflects performance over the previous 12 months
As of
11/19/2009
As of 11/19/2009
|
|
|
Share Price |
62.04%
|
-62.13%
|
-38.06%
|
54.54%
|
4.75%
|
19.79%
|
34.17%
|
8.14%
|
--
|
--
|
|
NAV |
33.74%
|
-55.79%
|
-29.30%
|
27.88%
|
7.42%
|
30.12%
|
42.69%
|
6.18%
|
--
|
--
|
|
|
Share Price |
19.43%
|
-26.65%
|
-8.66%
|
--
|
0.98%
|
|
|
NAV |
1.06%
|
-26.41%
|
-9.87%
|
--
|
1.29%
|
 | | Founded in 1995, Security Capital Research & Management Incorporated (SC-R&M), a leading real estate investment management company, dedicated exclusively to the real estate industry, sub-advises the REITs portion of the Nuveen Funds. The Security Capital record reflects a rigorous investment process directed by an experienced team of investment professionals. This team has been managing their in vestment process virtually since the firm’s inception. Their process provides a strong foundation for our conviction- oriented investment style by integrating important research perspectives on real estate markets, company cash flow potential and equity market pricing trends together with unique execution capabilities in the open market and in the structuring, negotiation and closing of private placement securities. |
|
| Management Fees | 0.73% | 0.97% |
| Interest Expenses | 0.26% | 0.35% |
| Other Expenses | 0.24% | 0.31% |
| Total | 1.23% | 1.63% |
See the fund's Annual Report for full information on expenses.
| Macerich Company | $14,452,248 | 5.59% |
| Apartment Investment & Management Compa | $14,345,070 | 5.56% |
| Duke Realty Corporation | $13,469,651 | 5.21% |
| Lexington Realty Trust | $13,333,691 | 5.16% |
| Boston Properties Incorporated | $13,201,770 | 5.11% |
| Simon Property Group Incorporated | $13,163,650 | 5.10% |
| Hospitality Properties Trust | $11,883,950 | 4.60% |
| Highwoods Properties Inc | $11,848,098 | 4.59% |
| Public Storage Incorporated | $11,726,696 | 4.54% |
| Vornado Realty Trust | $11,078,666 | 4.29% |
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Data shown represents past performance and is no guarantee of future results. Market price and net asset value (NAV) of a Fund's shares will fluctuate with market conditions. Current performance may be higher or lower than the performance shown.
The fund may invest in various types of securities issued by REITs. As a result, your investment in the fund is linked to the performance of the commercial real estate markets. Property values may fall due to increasing vacancies or declining rents resulting from economic, legal, or cultural developments. REIT prices also may drop because of the failure of borrowers to pay their loans or poor management. There are special risks associated with particular sectors of real estate investments such as retail properties, community centers, office and industrial properties, hotel properties, healthcare properties, multifamily properties and self-storage properties.
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