Fund Facts  

Inception Date: Jun 30, 1995
CUSIP: 670678507
Ticker Symbol: FARCX
Morningstar Category:Real Estate
As of Jun 30, 2022
Fund Net Assets ($millions) $1,358

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to provide above average current income and long-term capital appreciation.

Principal Investment Strategies  

The fund normally invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in income-producing common stocks of publicly traded companies engaged in the real estate industry. The advisor expects to emphasize investments in equity REITs, although it may invest in all three kinds of REITs. It may invest up to 15% of its total assets in non-dollar denominated equity securities of non-U.S. issuers. Up to 15% of the fund's total assets may be invested in equity securities of emerging market issuers.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2022
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Nuveen Real Estate Securitiesa-16.42%-19.63%-5.23%4.20%5.40%7.28%10.61%
MSCI US REIT Index (Gross)a,b-16.95%-20.32%-6.41%4.03%5.30%7.32%N/A
Morningstar Real Estatea,c-15.81%-20.08%-8.01%4.05%5.04%6.93%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, participants or plan sponsors in a MissionSquare Retirement administered account can log in at www.icmarc.org, or institutions can go to www.investments.missionsq.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa,d
Gross Expenses1.03%
Net Expenses0.97%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2022 All rights reserved. This information: (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 information. Morningstar is a registered trademark of Morningstar, Inc.

b. The MSCI US REIT Index reflects the aggregate common stock performance of REIT's (Real Estate Investment Trusts) that own, develop, and manage properties.

c. The Morningstar category average return represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

d. Differences between the net and gross expense ratios of a fund are typically due to fee waivers, expense reimbursements, and/or expense limits.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Jun 30, 2022Jun 30, 2022$0.099600000
Mar 31, 2022Mar 31, 2022$0.094600000
Dec 30, 2021Dec 30, 2021$0.126300000
Dec 15, 2021Dec 15, 2021$3.021800000
Sep 30, 2021Sep 30, 2021$0.106100000
Jun 30, 2021Jun 30, 2021$0.098700000
Mar 31, 2021Mar 31, 2021$0.098400000
Dec 30, 2020Dec 30, 2020$0.093900000
Oct 14, 2020Oct 14, 2020$0.155900000
Sep 30, 2020Sep 30, 2020$0.095800000
Jun 30, 2020Jun 30, 2020$0.086900000
Mar 31, 2020Mar 31, 2020$0.109000000
Dec 30, 2019Dec 30, 2019$0.098700000
Dec 16, 2019Dec 16, 2019$1.804500000
Sep 30, 2019Sep 30, 2019$0.125700000
Sep 12, 2019Sep 12, 2019$0.041200000
Jun 28, 2019Jun 28, 2019$0.149800000
Mar 29, 2019Mar 29, 2019$0.139900000
 

Morningstar Information

Morningstar RatingTM   As of Jun 30, 2022
Period Stars Category Size
Overall 3 Stars229
3-Year 3 Stars229
5-Year 3 Stars203
10-Year 3 Stars145

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating/40% three–year rating for 60–119 months of total returns, and 50% 10–year rating/30% five–year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Allocation of Assets As of Feb 28, 2022
Type of Asset Percent
Equity99%
Fixed Income0%
Cash/Other1%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Feb 28, 2022
Asset ClassPercent
Domestic Stock98.6%
Foreign Stock0.0%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.4%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 

Top Ten Holdings As of Feb 28, 2022
Holding NamePercent
Prologis Inc9.3%
Public Storage5.7%
Equinix Inc4.9%
Sun Communities Inc3.5%
American Tower Corp3.4%
AvalonBay Communities Inc3.3%
Simon Property Group Inc3.0%
Welltower Inc3.0%
Alexandria Real Estate Equities Inc2.9%
Digital Realty Trust Inc2.4%
 

Statistics

Portfolio Statistics As of Jun 30, 2022
Statistic3-Year5-Year
Beta0.900.91
Alpha0.320.33
Standard Deviation19.2217.07
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2022 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. Morningstar, Inc. is a global investment research firm that is not affiliated with MissionSquare Retirement or its affiliates. MissionSquare Retirement does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.