Fund Center Quick Links

• Overview
• Grubb & Ellis AGA
  Realty Income Fund
• Grubb & Ellis AGA
  US Realty Fund
• Grubb & Ellis AGA
  International Realty Fund
• Price/NAV
• Performance
• How to Invest
• Literature

Grubb & Ellis AGA International Realty Fund

Price/NAV | Performance | Top Ten Holdings | Sector Distribution | Asset Allocation

OBJECTIVE

Total return through long-term capital appreciation and current income as a secondary objective.

STRATEGY

The fund invests in a diversified portfolio of equity securities of international realty companies, offering investors the potential to participate in local economies through real estate across the globe with the benefit of a professional management team.

	Jay P. Leupp, senior portfolio manager, discusses Grubb & Ellis AGA International Realty Fund (8/09)

PORTFOLIO AS OF 12/31/09

TOP TEN HOLDINGS* AS OF 12/31/09

Westfield Group	Common	7.1%
Mitsubishi Estate Co Ltd.	Common	5.4%
Sun Hung Kai Properties Ltd.	Common	5.1%
Unibail-Rodamco SE	REIT	4.8%
Mitsui Fudosan Co., Ltd.	Common	3.8%
Henderson Land Development	Common	3.4%
Renhe Commercial Properties	Common	3.4%
Eurocommercial Properties	REIT	3.3%
Lend Lease Corp.	Common	3.0%
British Land Co.	REIT	2.5%

*This does not include cash. Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.

TOP TEN COUNTRIES AS OF 12/31/09

SECTOR DISTRIBUTION AS OF 12/31/09

ASSET ALLOCATION AS OF 12/31/09

---

Mutual fund investing involves risk, including the potential loss of principal.

Investors should be aware of the risks involved with investing in a fund concentrating in REITs and real estate securities, such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments. Investments in asset backed and mortgage backed securities include additional risks that investors should be aware of, such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. Investing in small and medium-sized companies involves greater risks than those associated with investing in large company stocks, such as business risk, significant stock price fluctuations and illiquidity. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Diversification does not assure a profit or protect against a loss in a declining market.

The funds may invest in foreign securities which involves greater volatility and political, economic and currency risks and differences in accounting methods.

Grubb & Ellis AGA Mutual Funds are distributed by Quasar Distributors, LLC.