Industry description
The investment seeks to provide investors with above-average income and long-term growth of capital.
Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in securities, including common stocks and preferred stocks, of real estate investment trusts (“REITs”) and/or real estate-related companies (e.g., real estate operating companies). It primarily invests in equity REITs, which own or lease real estate and derive their income primarily from rental income.