Seligman LaSalle International Real Estate Fund
FUND OBJECTIVE:
The Fund invests primarily in international real estate securities in seeking to provide long-term capital appreciation. Current income is a secondary objective.



PORTFOLIO STATISTICS
Inception May 25, 2007
Net Investment Assets $158.7 million



GEOGRAPHIC ALLOCATION3
As of March 31, 2008
U.K.
16.3%
Continental Europe (ex. France)
14.1%
U.S.
17.4%
Australia
16.5%
France
10.6%
Japan
9.0%
Asia (ex. Japan)
12.6%
Canada
3.0%
Other
0.5%
PER SHARE CHARACTERISTICS
As of March 31, 2008
Net Asset Value
$17.60
Market Price
$15.91
Premium/Discount
(9.60)%


TOP 10 HOLDINGS1
As of March 31, 2008
Unibail-Rodamco*
7.9%
Westfield Group
7.1
Land Securities Group
4.5
GPT Group
3.8
Goodman Group
3.8
British Land
3.2
Hammerson
3.1
Klepierre
2.7
Canadian Real Estate Investment Trust
2.2
Kimco Realty
2.2
Total
40.5%
*Previously, for purposes of the Fund’s Top Ten Holdings, the Fund treated its holdings in Unibail and Unibail-Rodamco as separate holdings. Because each of these securities represents stock of the same company (trading on different securities exchanges), the Fund has combined its holdings in Unibail and Unibail-Rodamco, which is identified as “Unibail-Rodamco” under the Fund’s Top Ten Holdings.

HOLDINGS BY SECTOR2
As of March 31, 2008
Diversified
37.0%
Retail
29.1%
Office
15.5%
Industrial
8.1%
Residential
6.5%
Hotels
2.7%
Mortgage
0.6%
Other
0.5%


INVESTMENT RESULTS (Total return for the period ended March 31, 2008)

 
Inception Date:
May 25, 2007		 Since Inception‡
Net Asset Value (20.92)%
Market Price (31.33)%
 
‡ Not annualized.


A LEADING GLOBAL REAL ESTATE MANAGER

LaSalle Investment Management (Securities), L.P. and LaSalle Investment Management Securities B.V. (together, “LaSalle Securities”) are the sub-advisers for Seligman LaSalle International Real Estate Fund.
  • LaSalle Investment Management (Securities), L.P. is a real estate securities firm with over 20 years in the real estate business.
  • LaSalle Investment Management Securities B.V. is located in Amsterdam and has been involved in real estate securities investment management for 10 years.
  • LaSalle Securities is part of LaSalle Investment Management (LIM). LIM, one of the world’s leading real estate investment managers, has been managing public and private real estate assets for over 20 years.
  • The sub-advisers have direct access to the proprietary global property research knowledge provided by their parent companies, LIM and Jones Lang LaSalle.

    • Jones Lang LaSalle is active in 160 key markets, in 50 countries on five continents.

    • With 13,600 employees worldwide, Jones Lang LaSalle has access to real-time information in real estate markets around the world.



ANNUAL EXPENSES (as a percentage of net assets attributable to Common Stock)

(As of percent of Net Assets)



Total Annual Expenses 1.18%**
 
**Annualized as of 12/31/07.


NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE.
You should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. You can obtain the Fund’s most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or Seligman Services, Inc. at 800-597-6068. These reports and other filings can also be found on the Securities and Exchange Commission’s EDGAR Database. You should read these reports and other filings carefully before investing or sending money.