The fund seeks total return by investing in companies 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 equity securities issued by U.S. and non-U.S. real estate companies, including real estate investment trusts and similar REIT-like entities in at least three different countries.

In selecting securities for the portfolio, the research team evaluates the location, physical attributes and cash flow generating capacity of a company’s properties, as well as assessing the relative return potential.

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.

Also, the fund will invest at least 40% of its nets assets in real estate companies organized or located outside the U.S. or doing a substantial amount of business outside the U.S.

The fund allocates its net assets among various regions and countries, including the United States (but in no less than three different countries).

The non-U.S. companies in which the fund invests may include those domiciled in emerging market countries. However, the fund is not limited in the extent to which it may invest in emerging market companies.

The fund may invest in equity securities, debt securities, limited partnership interests, exchange-traded funds, American Depositary Receipts and European Depositary Receipts, and synthetic instruments.

The fund seeks total return by investing in companies 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 equity securities issued by U.S. and non-U.S. real estate companies, including real estate investment trusts and similar REIT-like entities in at least three different countries.

In selecting securities for the portfolio, the research team evaluates the location, physical attributes and cash flow generating capacity of a company’s More