The fund seeks to provide long-term growth through a combination of capital appreciation and current income.
To invest at least 80% of net assets in the equity securities of real estate companies. The fund's definition of real estate companies is broad and includes those with a minimum of 50% of revenues or profits derived from, or assets committed to, real estate activities. Up to 20% of fund assets may be invested in companies deriving a substantial portion of revenues or profits from servicing real estate firms, as well as in companies unrelated to the real estate business. The fund can invest up to 25% of its total assets in foreign securities.
Individuals seeking long-term growth and current income through exposure to real estate companies and who can accept the greater risk of price declines inherent in a narrowly focused fund. Appropriate for both regular and tax-deferred accounts, such as IRAs.
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This fund offers long-term capital growth potential through a combination of appreciation and current income. This fund is widely diversified within the real estate universe and could complement a stock and bond portfolio because real estate does not closely track the performance of the broad markets. The fund also invests in many companies that pay dividends, which are always a positive component of total return.
Due to its concentration in the real estate industry, the fundís share price could be more volatile than that of a fund with a broader investment mandate. Trends perceived to be unfavorable to real estate, such as changes in the tax laws or rising interest rates, could cause a decline in share prices.
* Annually we evaluate the standard deviation of each US mutual fund listed and its resulting placement within specific risk/return categories.
Methodology: If a fund is at least 5 year old, it is generally placed in risk/return categories based on the standard deviation of its performance for the longest period of its calendar year returns;
the longest time period used for analysis is 10 years (regardless of the fund's inception). If a fund is less than 5 years old, we generally use the fund's primary benchmark disclosed in its prospectus as a proxy and follow the same process of using 10-year standard deviation of the benchmark,
or longest time period available. The firm at its sole discretion may show a fund in a higher risk category based on qualitative or other factors that may differ from this methodology.
See Glossary for additional details on all data elements.
The mutual funds referred to in this website are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. Download a prospectus.