EGLRX: Profile for ALPINE INTERNATIONAL REAL ESTAT

Lieber is managing member and chief executive officer with Alpine Woods Capital Investors, LLC. From 1985 until February 1998, he was a portfolio manager and senior real estate securities analyst with Evergreen Asset Management Corp. Prior to 1985, Lieber was associated with Whitbread-Nolan, Inc. in the investment property brokerage division. Previous to this, he worked for the urban design firm, Project for Public Spaces, as a Noyes Fellow.

INVESTMENT INFORMATION

Min Initial Investment:	$1,000
Min Initial Investment, IRA:	NaN
Min Initial Investment, AIP:	$1,000
Min Subsequent Investment:	$0
Min Subsequent Investment, IRA:	N/A
Min Subsequent Investment, AIP:	$50

EGLRX can be purchased from brokerages.

FUND SUMMARY

The investment seeks long-term capital growth; current income is a secondary consideration. The fund invests primarily in the equity securities of non-United States issuers which are principally engaged in the real estate industry or own significant real estate assets. It gives particular consideration to investments in the United Kingdom, Western Europe, Australia, Canada, Japan, Hong Kong, Singapore, China, India and Brazil.

FUND OPERATIONS

Last Dividend (21-Dec-07):	0.53
Last Cap Gain (21-Dec-07):	2.10
Annual Holdings Turnover	YFT_NOT_APPLICABLE_ABBREVIATION
Average for Category:	70.50%

FEES & EXPENSES

Expense	EGLRX	Category Avg
Total Expense Ratio:	%	1.51%
Max 12b1 Fee:	%	N/A
Max Front End Sales Load:	%	4.97%
Max Deferred Sales Load:	%	2.03%
3 Yr Expense Projection*:	$ YFT_NOT_APPLICABLE_ABBREVIATION	$767
5 Yr Expense Projection*:	$ YFT_NOT_APPLICABLE_ABBREVIATION	$1,248
10 Yr Expense Projection*:	$ YFT_NOT_APPLICABLE_ABBREVIATION	$2,524

* Per $10,000 invested

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