Fiscal Year End
|| Global Real Estate
The fund seeks to provide long-term capital growth from appreciation and current income.
The fund primarily invests in stocks of real estate companies throughout the world, providing exposure in at least five different countries, including the United States.
This fund may be a good choice if you are comfortable with a concentrated investment in real estate and want to tap the international markets. Due to the fundís focus on real estate, it has a high risk profile and may be appropriate for investors with a long-term horizon. It is appropriate for both regular and retirement accounts.
Click on the risk/reward spectrum below to view the funds in that category
As you would expect, the risks of the fundís concentrated investment strategy are substantially greater than those of a more diversified approach. Changes in tax or zoning laws, overbuilding, environmental issues, changes in interest rates, the quality of property management in the case of REITs, and other factors could hurt the
fund. Real estate is also affected by general economic conditions. When growth
is slowing, demand for property decreases and prices may decline. Rising interest
rates, which drive up mortgage and financing costs, can restrain construction
and buying and selling activity, and may reduce the appeal of real estate
Also, since the fund can invest substantially in foreign securities, it will also be subject to the risks inherent in non-U.S. issues.