Description

This fund generally commits a minimum of 80% of its total investable capital—defined as its net assets along with any borrowed funds utilized for investment—to equity-oriented securities of companies operating in the real estate sector. These holdings predominantly feature Real Estate Investment Trusts (REITs) as well as other types of real estate-backed securities. The range of these equity-linked investments may encompass ordinary shares, preferred stock (both convertible and non-convertible), American Depositary Receipts (ADRs), warrants, rights that can be exchanged for stock, interests in various business undertakings, and similar financial instruments.