The fund seeks total return by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in issuers that are primarily engaged in or related to the real estate industry within and outside the United States

 An issuer is primarily engaged in or related to the real estate industry if it derives at least 50% of its gross revenues or net profits from the ownership, development, construction, financing, management or sale of commercial, industrial or residential real estate or interests therein.

Real estate industry companies may include real estate investment trusts, REIT-like structures, or real estate operating companies whose businesses and services are related to the real estate industry.

The team focuses on companies that can achieve durable growth in cash flow and dividend paying capability over time.

Also, the research team integrates environmental, social and governance factors as part of its process.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund will invest in securities of real estate industry companies that are economically tied to at least three countries, including the United States.

Generally, the fund invests in securities of real estate industry companies that are economically tied to the United States, Japan, the United Kingdom, Australia, Hong Kong, Singapore, Canada and Continental Europe.

In addition, the fund may invest in securities of real estate industry companies that are economically tied to countries with emerging markets or economies, including Central American, South American, African, Middle Eastern, and certain Asian and Eastern European countries.

The fund may also invest up to 20% of its net assets in issuers that are not real estate industry companies, or fixed income investments, such as government, corporate and bank debt obligations.

The fund seeks total return by investing in companies across any size outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in issuers that are primarily engaged in or related to the real estate industry within and outside the United States

 An issuer is primarily engaged in or related to the real estate industry if it derives at least 50% of its gross revenues or net More