Real Estate Fund Rankings
[March/April 2006]

Fund Name	Total Net Assets 12/31/05 (Mil $)	Ticker Symbol	1 Year 12/31/04 to 12/31/05		2 Year 12/31/03 to 12/31/05		3 Year 12/31/02 to 12/31/05		5 Year 12/31/00 to 12/31/05		Total Expenses % Ratio Latest Data	3 Year Standard Development 12/31/02 12/31/05	3 Year Sharpe Ratio 12/31/02 12/31/05	Contact Number	Portfolio Manager(s)	FPO Date
			Cumulative Total Return	Adjusted Rank	Annualized Total Return	Adjusted Rank	Annualized Total Return	Adjusted Rank	Annualized Total Return	Adjusted Rank
CGM Realty Fund	1,030.0	CGMRX	26.98	1	31.18	1	48.35	1	28.86	2	0.961	6.27	0.53	800-345-4048	G. Kenneth Heebner	5/13/94
E.I.I. International Property Instl	76.1	EIIPX	21.36	2	N/A	N/A	N/A	N/A	N/A	N/A	1.001	N/A	N/A	888-323-8912	Nieuwland/Rehlaender	7/1/04
Morgan Stanley Inst. U.S. Real Estate A	1,208.5	MSUSX	17.66	3	27.09	4	30.51	8	19.46	15	0.969	4.12	0.52	800-548-7786	Thedodore R. Bigman	2/24/95
Alpine International Real Estate Y	317.8	EGLRX	17.31	4	26.35	5	35.29	3	21.15	6	1.345	3.29	0.73	888-785-5578	Samuel A. Lieber	2/1/89
Van Kampen Real Estate Secs A	496.9	ACREX	16.60	5	26.24	6	29.59	12	18.50	28	1.532	4.1	0.51	800-421-5666	Funke/Bigman	6/9/94
SEI Instl. Mgd Trust Real Estate A	92.7	SETAX	16.33	6	26.21	7	N/A	N/A	N/A	N/A	1.114	N/A	N/A	800-342-5734	Team Managed	11/13/03
American Century Real Estate Inv	769.1	REACX	15.99	7	22.65	39	28.11	22	19.66	12	1.162	4.16	0.48	800-345-2021	Phillip N. Davidson	9/21/95
Undiscovered Mgrs REIT Inst	143.6	URTLX	15.96	8	23.91	24	27.97	25	19.24	17	1.168	4.24	0.47	800-348-4782	Blasdell/Rabenou	1/1/98
Fidelity Advisor Real Estate T	70.3	FHETX	15.95	9	24.22	20	26.77	40	N/A	N/A	1.531	4.28	0.45	877-208-0098	Sam Wald	9/12/02
Morgan Stanley Real Estate B	90.1	REFBX	15.89	10	25.83	12	29.36	14	17.87	40	2.380	4.16	0.50	800-869-6397	Ted Bigman	4/28/99
Strategic Partners Real Estate A	86.9	PURAX	15.84	11	27.26	3	33.29	6	22.41	4	1.533	4.28	0.54	800-225-1852	James P. Hoffmann	5/5/98
AXP Real Estate A	80.3	ARLAX	15.82	12	N/A	N/A	N/A	N/A	N/A	N/A	1.485	N/A	N/A	800-862-7919	Brumley/Melquist	3/4/04
PF Van Kampen Real Estate A	21.1	PFARX	15.79	13	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	800-722-2333	Team Managed	12/31/04
T. Rowe Price Real Estate Advisor	17.8	PAREX	15.79	13	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	800-638-5660	David M. Lee	12/31/04
JPMorgan U.S. Real Estate A	310.1	SUSIX	15.77	15	25.85	11	28.84	17	17.91	39	1.312	4.26	0.48	800-480-4111	Team Managed	12/20/96
Principal Inv Real Estate Secs Instl	450.9	PIREX	15.53	16	24.39	19	28.89	16	N/A	N/A	0.846	4.53	0.46	800-547-7754	Team Managed	3/1/01
Morgan Stanley Inst. Intnl Real Estate A	250.1	MSUAX	15.52	17	30.53	2	34.38	4	22.73	3	1.002	4.21	0.57	800-548-7786	Bigman/Kemenade/ Paske	10/1/97
First American Real Estate Secs Y	498.4	FARCX	15.29	18	23.59	29	28.09	23	19.90	10	0.986	4.27	0.47	800-677-3863	Team Managed	6/30/95
Fidelity International Real Estate	194.2	FIREX	14.94	19	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	800-544-6666	Steve Buller	9/8/04
Cohen & Steers Realty Shares	2,040.0	CSRSX	14.90	20	26.14	9	30.00	10	19.01	21	1.005	4.39	0.48	800-437-9912	Cohen/Corl/Steers	7/2/91
Fidelity Real Estate Investment	5,834.8	FRESX	14.87	21	24.14	23	27.27	34	19.01	21	0.818	4.23	0.46	800-544-8544	Steve Buller	11/17/86
Pioneer Real Estate A	110.7	PWREX	14.79	22	24.60	18	27.43	30	18.17	36	1.560	4.24	0.46	800-225-6292	Jeffrey P. Caira	10/25/93
Cohen & Steers Realty Shares Instl	888.8	CSRIX	14.71	23	26.17	8	30.01	9	19.14	18	0.745	4.40	0.48	800-437-9912	Cohen/Corl/Steers	2/14/00
T. Rowe Price Real Estate	943.3	TRREX	14.54	24	25.19	14	28.33	19	19.38	16	0.895	4.23	0.48	800-638-5660	David M. Lee	10/31/97
Phoenix Real Estate Securities A	746.9	PHRAX	14.43	25	23.44	31	27.94	26	19.88	11	1.283	4.37	0.46	800-243-4361	Michael Schatt	3/1/95
Cohen & Steers Realty Focus I	28.4	CSSPX	14.41	26	27.00	5	33.31	5	21.64	5	1.425	4.06	0.57	800-437-9912	Team Managed	5/8/97
IXIS AEW Real Estate A	68.1	NRFAX	14.40	27	23.82	25	27.76	28	19.49	14	1.495	4.39	0.45	800-225-5478	Matthew A. Troxell	12/29/00
Third Avenue Real Estate Value	2,909.7	TAREX	14.38	28	21.07	51	26.24	46	19.91	9	1.151	2.47	0.73	800-443-1021	Michael H. Winer	9/17/98
iShares Cohen & Steers Realty Majors	1,666.3	ICF	14.35	29	24.15	21	28.23	20	N/A	N/A	0.350	4.58	0.44	800-474-2737	Team Managed	1/29/01
AIM Real Estate Inv	38.5	REINX	14.27	30	24.73	15	N/A	N/A	N/A	N/A	1.337	N/A	N/A	800-959-4246	Rodriguez/Blackburn/ Trowbridge	9/30/03
AIM Real Estate A	901.8	IARAX	14.23	31	24.64	17	29.32	15	21.00	7	1.427	4.12	0.50	800-959-4246	Rodriguez/Blackburn/ Trowbridge	12/31/96
SSgA:Tuckerman Active REIT	149.5	SSREX	14.19	32	25.26	13	27.40	31	18.68	24	1.000	4.55	0.43	800-997-7327	Team Managed	4/29/98
Oppenheimer Funds Real Estate A	129.2	OREAX	14.14	33	24.73	15	29.54	13	N/A	N/A	1.501	4.49	0.47	800-225-5677	Scott C. Westphal	3/4/02
ING Global Real Estate A	157.2	IGLAX	14.11	34	24.68	16	30.00	10	N/A	N/A	1.741	3.56	0.59	800-992-0180	Team Managed	11/5/01
E.I.I. Realty Securities Instl	60.1	EIIRX	13.86	35	23.75	26	26.39	43	16.86	49	1.000	4.48	0.42	888-323-8912	Adler/Otero	6/11/98
AssetMark Real Estate Secs	73.7	AFREX	13.58	36	22.68	37	25.66	49	N/A	N/A	1.490	4.28	0.43	888-278-5809	Team Managed	6/29/01
Goldman Sachs Real Estate Instl	347.5	GREIX	13.30	37	23.57	30	28.79	18	18.80	23	1.043	4.13	0.49	800-621-2550	Howard-Johnson/ Kruth	7/27/98
Adelante U.S. Real Estate Secs K	12.6	LLUKX	13.29	38	21.89	47	25.32	52	17.93	38	1.250	4.34	0.42	877-563-5327	Michael Torres	2/16/00
Franklin Real Estate Secs A	764.4	FREEX	13.22	39	22.31	42	27.22	35	17.65	44	0.921	3.92	0.49	800-342-5236	Kerner/Peters	1/3/94
ABN AMRO Real Estate N	56.4	ARFCX	13.17	40	22.86	35	27.18	36	18.22	33	1.370	4.40	0.44	800-992-8151	Holland/Pavnica	12/31/97
DFA Real Estate	1,820.9	DFREX	13.15	41	22.25	44	26.54	42	19.02	20	0.389	4.34	0.44	310-395-8005	David A. Plecha	1/5/93
Neuberger Berman Real Estate Tr	47.2	NBRFX	13.08	42	22.03	45	27.74	29	N/A	N/A	1.479	4.35	0.45	800-877-9700	Steven R. Brown	5/1/02
Managers Real Estate Securities	24.9	MRESX	12.97	43	22.69	36	26.28	44	18.61	26	1.501	4.22	0.44	800-548-4539	Briddell/Frankel/ Zabierek	12/31/97
TA IDEX Clarion Real Estate Secs A	7.4	ICRAX	12.82	44	22.31	42	N/A	N/A	N/A	N/A	1.281	N/A	N/A	888-233-4339	Team Managed	3/1/03
Davis Real Estate A	370.9	RPFRX	12.76	45	22.57	40	27.36	32	18.24	32	1.268	4.01	0.48	800-279-0279	Davis/Spears	1/3/94
Excelsior Real Estate	117.1	UMREX	12.62	46	20.93	54	24.24	59	17.68	43	1.202	4.07	0.43	800-446-1012	Joan Ellis	10/1/97
Russell Real Estate Secs S	1,466	RRESX	12.62	46	23.36	32	27.84	27	18.37	30	1.096	4.29	0.46	800-787-7354	Brunette/Eidelson	7/28/89
ING Real Estate Instl	144.9	CRARX	12.61	48	22.66	38	27.13	37	18.15	37	0.919	4.43	0.44	800-992-0180	Team Managed	1/1/97
PIMCO RealEstateRealReturn Strategy	456.4	PRRSX	12.60	49	25.93	10	N/A	N/A	N/A	N/A	0.730	N/A	N/A	800-927-4648	Brynjolfsson/Ludwig	10/30/03
Kensington Real Estate Security A	38.6	KREAX	12.59	50	21.01	52	25.57	50	N/A	N/A	1.453	4.01	0.45	877-833-7114	Joel Beam	12/31/02
ING EQ TR Real Estate Fund CLAS	18.8	IDROX	12.32	51	N/A	N/A	N/A	N/A	N/A	N/A	1.176	N/A	N/A	800-992-0180	Team Managed	9/15/04
Old Mutual Adv FDS II Old Mutu	166.3	OBRTX	12.32	51	23.12	33	27.35	33	18.53	27	1.313	4.25	0.46	800-433-0051	Team Managed	3/6/89
ING Real Estate A	84.2	CLARX	12.21	53	22.33	41	26.71	41	N/A	N/A	1.176	4.43	0.43	800-992-0180	Team Managed	12/20/02
Scudder RREEF Real Estate Secs A	722.9	RRRAX	11.89	54	21.33	49	26.81	39	N/A	N/A	0.822	4.13	0.46	800-621-1048	Team Managed	9/3/02
Vanguard REIT Index	4,407.3	VGSIX	11.89	54	20.95	53	25.67	48	18.26	31	0.208	4.34	0.42	800-662-7447	Gerard C. O’Reilly	5/13/96
streetTRACKS: Wilshire REIT Fund	807.4	RWR	11.80	56	21.82	48	26.25	45	N/A	N/A	0.261	4.48	0.42	866-787-2257	Team Managed	4/23/01
AllianceBernstein Real Estate Inst I	785.7	ARIIX	11.59	57	23.01	34	28.19	21	18.41	29	0.700	4.42	0.45	800-221-5672	Team Managed	12/9/97
GMO Real Estate III	184.4	GMORX	11.29	58	20.48	56	24.78	55	16.84	50	0.482	4.33	0.41	617-346-7646	Team Managed	5/31/96
Alpine Realty Income & Growth Y	671.4	AIGYX	11.10	59	20.65	55	24.88	54	20.32	8	1.243	3.63	0.48	888-785-5578	Robert W. Gadsden	12/30/98
Forward Uniplan Real Estate Inv	41.6	FFREX	11.01	60	19.56	62	22.48	64	16.19	53	1.853	4.09	0.39	800-999-6809	Team Managed	5/10/99
John Hancock Real Estate A	34.8	JREAX	10.97	61	20.01	57	25.07	53	17.22	46	1.645	4.22	0.42	800-225-5291	Finucane/Schmidt/ Welch	9/30/98
Johnson: Realty Fund	17.6	N/A	10.95	62	21.20	50	25.39	51	16.16	54	0.950	4.32	0.42	800-541-0170	Team Managed	1/2/98
Ivy Real Estate Securities A	215.3	IRSAX	10.46	63	21.98	46	28.06	24	19.57	13	1.670	4.06	0.49	800-777-6472	Joseph R. Betlej	2/25/99
Wells S&P REIT Index A	194.4	WSPAX	10.15	64	19.72	59	24.27	58	17.35	45	0.985	4.38	0.4	800-282-1581	John Escario	3/2/98
Mercantile Diversified Real Estate I	200.5	MDVRX	10.09	65	20.00	58	24.29	57	17.71	41	1.033	4.33	0.4	800-551-2145	David E. Ferguson	8/1/97
Dunham Real Estate Stock N	7.1	DNREX	9.93	66	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	888-338-6426	Team Managed	12/10/04
Alpine U.S. Real Estate Equity Y	540.1	EUEYX	9.66	67	23.66	27	40.65	2	29.15	1	1.303	6.14	0.47	888-785-5578	Samuel A. Lieber	9/1/93
Munder Real Estate Equity Inv Y	71.1	MURYX	9.31	68	19.63	60	26.01	47	18.20	34	1.227	4.32	0.43	800-438-5789	Team Managed	10/3/94
iShares Dow Jones U.S. Real Estate	1,045.8	IYR	9.19	69	19.30	64	24.55	56	17.16	47	0.600	4.44	0.4	800-474-2737	Team Managed	6/12/00
WM REIT A	19.9	WMRAX	9.13	70	19.63	60	N/A	N/A	N/A	N/A	1.324	N/A	N/A	800-222-5852	Richard E. Helm	3/1/03
ProFunds Ultra Real Estate Inv	8.9	REPIX	7.82	71	24.15	21	32.19	7	18.62	25	1.550	6.68	0.36	888-776-3637	William E. Seale	6/19/00
Columbia Real Estate Equity Z	668.4	CREEX	7.25	72	18.56	65	23.95	60	15.66	56	0.966	3.86	0.44	800-426-3750	David W. Jellison	3/16/94
TIAA-CREF Instl Real Estate Secs	237.4	TIREX	7.19	73	19.48	63	26.82	38	N/A	N/A	0.147	3.78	0.5	800-223-1200	Team Managed	10/1/02
Dividend Capital Realty Income A	28.8	DCRAX	7.01	74	16.40	68	N/A	N/A	N/A	N/A	1.796	N/A	N/A	800-527-9525	Russell Platt	12/18/03
Cohen & Steers Realty Income I	153.7	CSDIX	7.00	75	16.20	69	22.51	63	17.69	42	0.924	3.99	0.4	800-437-9912	Team Managed	7/15/98
Delaware Pooled Real Estate II	31.8	DPRTX	6.78	76	17.92	67	23.33	61	16.49	51	0.829	4.27	0.39	800-231-8002	Damon J. Andres	11/4/97
Brown Advisory Real Estate Inst	19.1	BIARX	6.58	77	15.53	71	N/A	N/A	N/A	N/A	0.985	N/A	N/A	800-540-6807	Oliver/Morrill	12/10/03
Delaware REIT A	260.3	DPREX	6.53	78	18.15	66	23.14	62	16.05	55	1.401	4.30	0.39	800-523-1918	Damon J. Andres	12/6/95
Rydex Real Estate H	10.7	RYHRX	6.51	79	N/A	N/A	N/A	N/A	N/A	N/A	1.587	N/A	N/A	800-820-0888	Team Managed	2/20/04
Commonwealth Real Estate Securities	13.2	CNREX	5.50	80	N/A	N/A	N/A	N/A	N/A	N/A	3.421	N/A	N/A	888-345-1898	Robert W. Scharar	1/5/04
Seligman LaSalle Monthly Div RE A	35.6	SREAX	5.39	81	14.72	72	N/A	N/A	N/A	N/A	1.592	N/A	N/A	800-221-7844	Team Managed	7/16/03
Fidelity Real Est Income	612.7	FRIFX	5.07	82	8.33	75	N/A	N/A	N/A	N/A	0.844	N/A	N/A	800-544-8544	Mark Snyderman	2/4/03
Kensington Strategic Realty A	392.1	KSRAX	4.76	83	15.63	70	20.79	65	19.03	19	1.270	4.06	0.37	877-833-7114	Paul Gray	9/15/99
Stratton Monthly Dividend REIT	153.4	STMDX	4.10	84	12.77	73	18.96	67	17.13	48	0.949	4.15	0.33	800-634-5726	Beers/Stratton	4/13/72
Spirit of America Real Estate A	188.5	SOAAX	1.96	85	12.43	74	19.29	66	18.18	35	1.832	4.23	0.33	800-452-4892	Ronald W. Weiss	1/9/98
Kensington Select Income A	444.8	KIFAX	-1.99	86	4.45	76	10.59	68	N/A	N/A	1.597	2.05	0.34	877-833-7114	Beam/Gray	4/3/01
AIM Global Real Estate A	62.2	AGREX	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	800-959-4246	Rodriguez/Blackburn/ Trowbridge	4/29/05
Cohen & Steers International RE I	40.4	IRFIX	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	800-437-9912	Team Managed	3/31/05
ING Global Real Estate Fund CLA	1.7	IGLIX	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	800-992-0180	Team Managed	2/28/05
John Hancock Funds II Real Estate	514.7	JHREX	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	800-225-5291	Team Managed	10/17/05
JPMorgan U.S. Real Estate Select	269.1	SUIEX	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	800-480-4111	Team Managed	1/19/05
Thrivent Real Estate Secs I	14.7	TREIX	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	800-847-4836	Reginald L. Pfeifer	6/30/05
Average/Total All Funds	48,793.8		11.75	228	21.43	196	26.65	158	18.57	122	1.529	4.21	0.45