AS OF 9/30/2014 FACTSHEET AR Capital Global Real Estate Income Fund Class A Shares Class C Shares Ticker AIRAX AIRCX CUSIP 756076881 756076873 Fund Information Inception Date August 7, 2014 Minimum Initial/ Subsequent Investment $2,500/$250 Dividend Frequency Quarterly 2.16% Gross Expense Ratio Expense Reimbursement (0.66)% Net Expense Ratio 1.50% 1 The AR Capital Global Real Estate Income Fund’s (the “Fund”) investment objective is to provide current income with the potential for capital appreciation. The Fund will invest substantially all (and under normal market conditions, at least 80%), of its net assets in income-producing securities related to the real estate industry. The Fund will invest at least 40% of its net assets in companies organized or located outside the U.S., and, under normal market conditions, expects to have investments across no less than three different countries, including the U.S. The non-U.S. companies in which the Fund will invest may include those located in emerging markets. A Distinct Approach In managing the Fund, NFA utilizes differentiated investment strategies: • Portfolio assets across the entire capital structure, including common equity, preferred equity, debt and CMBS, among others. • Investing in different countries across the globe to obtain greater diversification and potentially higher yields. • Principal focus on obtaining yield for shareholders. Current Allocation* (as of September 30, 2014) Investment Team Vikram Khullar, CFA Co-Portfolio Manager Chris Pike, CFA Co-Portfolio Manager Donald Deichmann Analyst North America United States Mexico 33.1% 10.8% Asia & Australia Japan 14.6% Europe, Middle East & Africa Netherlands Ireland France Spain South Africa Sweden Germany 9.0% 3.6% 2.9% 2.9% 2.5% 2.5% 2.0% Top Holdings* (as of September 30, 2014) Company Sector Country Macquarie Mexico Real Estate Industrial Mexico Capstead Mortgage 7.5% Preferred Mortgage REITs Vastned Retail Retail Netherlands Japan Retail Fund Retail Japan Mitsui Fudosan Real Estate Japan Blackstone Moretgage Mortgage REITs USA Western Asset Mortgage Mortgage REITs USA Pennymac Mortgage Mortgage REITs USA Chatham Lodging Trust Lodging USA Hibernia REIT PLC Office USA Ireland * Portfolio holdings and allocations subject to change without notice and may not represent current or future portfolio composition or allocations. (1) NFA, the Fund’s investment adviser (the “Adviser”), has contractually agreed to waive a portion or all of its management fees and pay Fund expenses (excluding acquired fund fees and expenses, interest, taxes and extraordinary expenses) in order to limit other expenses to 0.35% of average daily net assets of the Fund’s shares (the ‘‘Expense Cap’’). The Expense Cap will remain in effect through at least September 13, 2015, and may be terminated before that date only by the Board of Trustees of the Realty Capital Income Funds Trust. The Adviser may recoup any previously waived fees and paid expenses from the Fund pursuant to this agreement for three years from the date they were waived or paid. The Adviser’s ability to recoup any previously waived fees and paid expenses is subject to the Expense Cap as in effect at the time such fees were waived or expenses were paid. AS OF 9/30/2014 FACTSHEET Sales Charge Breakpoints1 Amount of Purchase Initial Sales Charge as % of Public Offering Price2 Initial Sales Charge as % of Net Amount Invested Reallowance to Dealers as % of Public Offering Price2 Less than $100,000 4.50% 4.71% 4.00% $100,000 but less than $250,000 3.75% 3.90% 3.50% $250,000 but less than $500,000 2.75% 2.83% 2.50% $500,000 but less than $1,000,000 2.25% 2.30% 2.00% None None None $1,000,000 and above3 (1) The table describes the sales charges that you may pay if you buy Class A shares. (2) Offering price includes the initial sales charge. The initial sales charge you pay may differ slightly from the amount set forth above because of rounding that occurs in the calculation used to determine your initial sales charge. (3) Generally, no contingent deferred sales charge (“CDSC”) is imposed upon the sale of Class A shares. However, if you invest $1,000,000 or more in Class A shares, you may pay a CDSC equal to 1% of the current net asset value or the original cost of the shares that you sell, whichever is less, if you redeem your shares within one year of purchase. IMPORTANT DISCLOSURES NATIONAL FUND ADVISORS, LLC IS AN SEC-REGISTERED INVESTMENT ADVISER THAT ADVISES THE FUND. Investors should carefully consider the investment objectives, risks, charges and expenses of the AR Capital Global Real Estate Income Fund before investing. This and other important information is contained within the Fund’s Prospectus, which can be obtained by calling (866) 2719244, or by visiting our website www.arcincomefunds.com. The Fund’s Prospectus should be read carefully before investing. Investing in the Fund involves risks, including those summarized below. • An investment in the Fund is generally subject to market risk, including the possible loss of the entire principal amount invested. An investment in the Fund represents an indirect investment in the securities owned by the Fund, and accordingly is subject to the risks associated with those securities. • Like all financial instruments, the value of these securities may move up or down, sometimes rapidly and unpredictably. The value of your investment in the Fund at any point in time may be worth less than the value of your original investment, even after taking into account any reinvestment of dividends and distributions. • The Fund will invest in foreign securities, which may be adversely affected by changes in currency exchange rates; decreased liquidity; increased volatility; economic, political and social developments; difficulty in enforcing obligations; and the imposition of foreign withholding taxes on income payable on the foreign securities. In addition, there may be less publicly available information about foreign issuers than domestic issuers, and foreign issuers may not be subject to the same accounting, auditing and financial recordkeeping standards and requirements as domestic issuers. The risks associated with foreign securities can be expected to be greater for investments in emerging markets. • The Fund concentrates its investments in real estate securities and its portfolio is substantially impacted by the performance of the real estate market generally. • The Fund may invest in medium- and small-capitalization companies, which may be newly formed or have limited product lines, distribution channels and financial or managerial resources. The risks associated with these investments are generally greater than those associated with investments in the securities of larger, more-established companies. This may cause the Fund’s net asset value to be more volatile when compared to investment companies that focus only on large-capitalization companies. • The Fund is classified as a non-diversified management investment company under the Investment Company Act of 1940, as amended. This means that the Fund may invest a greater portion of its assets in a limited number of issuers. Realty Capital Securities, LLC (member FINRA/SIPC), is the distributor for the AR Capital Global Real Estate Income Fund. Realty Capital Securities, LLC is located at One Beacon Street, 14th Floor, Boston, MA 02108, phone: 877-373-2522, or visit our website: www.rcsecurities.com. Shares of the AR Capital Global Real Estate Income Fund are not deposits or obligations of any bank, are not insured by the FDIC or any other agency. NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE
© Copyright 2024