AR Capital Global Real Estate Income Fund FACTSHEET

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