The investment seeks a high level of current income and long-term capital appreciation primarily through investments in real estate securities.
The fund invests in the equity securities of real estate companies. Under normal circumstances, at least 80% of the fund's Assets will be invested in the equity securities of publicly-traded real estate companies operating in the United States. The fund will invest at least 25% of its assets in an industry or group of industries in the real estate sector. Up to 15% of the fund's Assets may be invested in foreign securities. The fund is non-diversified.