Seeks to provide above-average current income and long-term capital appreciation by investing primarily in equity securities of companies in the U.S. real estate industry, including real estate investment trusts.
The Fund invests primarily in equity securities of companies in the U.S. real estate industry. The Fund emphasizes bottom-up stock selection with a top-down asset allocation. The investment team’s proprietary models drive the bottom-up value-driven approach for stock selection, which is utilized to identify those companies determined to represent the best relative value relative to their underlying assets and earnings. Analysts will assess real estate specific factors, broader equity factors, and may consider ESG factors in their fundamental analysis to calculate appropriate valuation metrics. Top-down considerations are incorporated into the portfolio construction process, and the Team seeks to achieve exposure across sectors, and integrates forecasted fundamental inflections and macroeconomic considerations, among other factors.