Description

This fund aims to achieve long-term capital appreciation and generate current income. It typically allocates a minimum of 80% of its net assets, supplemented by any capital borrowed for investment purposes, into equity securities of companies primarily involved in the real estate industry and other related real estate investments. The advisor defines a company as being principally engaged in the real estate sector if it either earns at least 50% of its revenues from the ownership, development, financing, management, or sale of commercial or residential real estate, or if at least 50% of its total assets are comprised of real estate or real estate-focused businesses.