AIC Global Real Estate Fund

Opportunity to provide investors with counter-cyclical exposure by investing in real estate securities worldwide.
Provides diversification as real estate exhibits low correlation to most other asset classes.
At least 80% of the Fund’s assets are invested in real estate-related equity securities.
Focus on “value creation” companies, not asset accumulators.
Emphasis on Real Estate Operating Companies (REOCs) vs. Real Estate Investment Trusts (REITs).
Flexible mandate; no market capitalization or country limitations.
Portfolio management reserves the right to hedge currencies.
Access to renowned New York-based Third Avenue Management LLC, with an integrated team of investment professionals, strong long-term track record, and unwavering focus on bottom-up, deep value investing.
Fund managed by Michael Winer, who manages more than US$0.8 billion in assets with Third Avenue.
Fund manager believes the Fund’s holdings, with few exceptions, remain well capitalized, with no immediate need for capital market access, and are well-positioned to reap further benefits from an improvement in fundamentals globally on a long-term basis.

as of February 28, 2010
Assets Under Management	$19,645,007
Inception Date	February 11, 2008
Management Expense Ratio	3.15%1 2
Minimum Initial Investment	$250
Minimum Subsequent Investment	$50
Minimum PAC	$50
Management Fee	2.70%

1 -	Audited as of December 31, 2009.
2 -	Net of expense absorptions and/or management fee waivers.

	Monthly Updates This Fund \| All Funds
	Financial Reports
	Our Prospectus