Adelante U.S. Real Estate Securities Fund seeks total return from a combination of dividend
income and long-term growth.
Property Sector Weightings**
December 31, 2006
U. S. Real Estate Securities Fund
Number of Holdings:
Median Market Cap:
Average Annual Turnover:
30-Day SEC Yield: Class Y:
30-Day SEC Yield: Class K:
Performance – Total Return * as of 12/31/06
(Net of investment management fees)
Dow Jones Wilshire REIT Index
The performance data quoted represents past performance and past performance is no guarantee of future results. 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 may be higher or lower than the performance quoted. To obtain performance information current to the most
recent month end, please call 1-877-563-5327.
Risks involved with investing in the Fund include real estate industry risks, risks associated with REITs and industry concentration. The total expense
ratio is capped at 0.97% for class Y and 1.25% for class K. The performance figures reflect reinvested dividends, income, and capital gains, and are
net of fees. In the absence of fee waivers, total returns would be reduced.
The Dow Jones Wilshire REIT Index is an unmanaged index of approximately 87 issuers as of December 31, 2006 and reflects the reinvestment of
dividends and other earnings.
Portfolio holdings will change due to ongoing management of the Fund. References to specific securities or sectors should not be considered as
recommendations by the Fund, its Adviser or Distributor.
Industrial Mixed 0.7%