The investment seeks current income and long-term capital appreciation.
The fund invests at least 80% of its net assets in equity securities of real estate companies that are located in the United States. Equity securities in which the fund invests are primarily common stocks of companies of any size, including small- and mid-cap companies, and include the securities of real estate investment trusts ("REITs"). It does not invest in real estate directly. The fund is non-diversified.