| Ticker: | HLRRX |
| Manager: | Edward W. Turville |
| Manager Since: | 05/03 |
| NAV (05/17/2013): | 17.11 |
| Objective: | Equity - Sector Real Est |
| Peer: | RE SV |
| Net Assets ($mil): | 153.56 |
| Inception: | 05/22/2003 |
HLRRX : Description
NA
HLRRX : Composition - 05/13
| Stocks | 81.10% |
| Foreign Stocks | 0.00% |
| Cash | 8.14% |
| Bonds | 0.00% |
| Foreign Bonds | 0.00% |
| Preferred | 10.50% |
| Convertible | 0.00% |
| Other | 0.25% |
| Foreign Hedged | 0.00% |
HLRRX : Style Analysis - 05/13
| Large Growth | 12.05% |
| Large Value | 0.00% |
| Small Growth | 0.00% |
| Small Value | 28.27% |
| Foreign Stock | 12.05% |
| Emerging Market | 0.00% |
| Precious Metals | 0.00% |
| Intermediate Bond | 0.00% |
| High Yield Bond | 0.00% |
| Foreign Bond | 29.80% |
HLRRX : Risk Analysis
| Beta v. S&P 500 | 1.44 |
| Beta v. EAFE | -0.08 |
| Beta v. Barclays Agg Bond | 1.30 |
| Alpha 3 Yr | 2.26 |
| Alpha 5 Yr | 6.07 |
| R-Sq 3 Yr | 0.84 |
| R-Sq 5 Yr | 0.71 |
| Std Dev 3 Yr | 20.46 |
| Std Dev 5 Yr | 31.96 |
| Sharpe 3 Yr | 0.99 |
| Sharpe 5 Yr | 0.52 |
HLRRX : Fees
| Expense Ratio | 1.70 |
| % Max Load | NA |
| % Min Load | NA |
| % Deferred Load | NA |
| % Redemption | NA |
| % Max 12 B1 Fee | 0.00 |
| % Max Mgt Fee | 1.00 |
HLRRX : Purchase Choices:
| Min Initial Investment | 50000 |
| Min Subsequent Investment | 5000 |
HLRRX : Returns Analysis - Annual
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 13.69 | 14.95 | 13.99 | 16.15 | 10.97 | 6.99 | 9.30 | 12.00 | 11.39 | 17.11 | |
| Total Return (%) | 18.65 | 7.76 | 24.93 | -10.18 | -32.30 | 38.25 | 31.95 | -2.28 | 28.96 | 16.68 | |
| Annual Dividend Yield (%) | 1.87 | 2.22 | 1.69 | 1.70 | 7.39 | 3.10 | 1.84 | 2.63 | 2.77 | 2.37 | |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | 77.83 | 28.72 | 91.42 | -156.83 | 47.04 | 118.37 | 168.91 | -43.86 | 129.72 | 39.43 | |
| Rel Performance-Obj.Ret.(%) | -131.60 | -36.27 | -77.75 | 59.25 | 84.69 | 64.84 | 86.04 | -27.90 | 65.57 | 45.23 | |
| Ret.Quintile vs Obj(1 is best) | 5 | 4 | 5 | 2 | 1 | 1 | 1 | 4 | 2 | 1 | |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 0 | 0 | 0 | 48 | 45 | 45 | 93 | 152 | 154 | 154 | |
| Annual Turnover (%) | 0.00 | 0.00 | 0.00 | 104.22 | 145.98 | 139.01 | 99.36 | 107.47 | 43.19 | 0.00 | |
| Annual Dividend Paid ($) | 0.31 | 0.36 | 0.30 | 0.25 | 0.54 | 0.30 | 0.23 | 0.31 | 0.41 | 0.09 | |
| Annual Capital Gains Paid($) | 0.94 | 1.73 | 0.98 | 3.36 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
HLRRX : Returns Analysis - Trailing Total Return
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | 2.44% | 10.29% | 20.70% | 16.68% | 27.65% | 18.01% | 10.93% | NA | NA | NA |
| Ret. Percentile vs. Obj. (1 is best) | 91 | 22 | 6 | 1 | 13 | 3 | 2 | NA | NA | NA |
HLRRX : Stock Portfolio Snapshot - 05/13
| Average Price/Earnings | 36.88 |
| Average Price/Book | 2.92 |
| Average EPS Growth | 23.14 |
| Average Market Value | 5,699.00 |
HLRRX : Stock Sector Breakout - 05/13
HLRRX : Top Holdings - 05/13
| Name | Weight | Shares |
|---|---|---|
| NORTHSTAR REALTY FINANCE CORP | 4.04 | 906,100 |
| CAMPUS CREST COMMUNITIES INC | 3.81 | 490,000 |
| KENNEDY-WILSON INC | 3.69 | 416,600 |
| ISTAR FINANCIAL INC | 3.67 | 266,200 |
| APARTMENT INVESTMENT & MGMT | 3.47 | 202,100 |
| SUN COMMUNITIES INC | 3.56 | 140,590 |
| DUKE REALTY CORP | 3.54 | 402,500 |
| GLIMCHER REALTY TRUST | 3.52 | 500,600 |
| COUSINS PROPERTIES | 3.67 | 693,600 |