This fund primarily focuses on equity investments in real estate companies, allocating at least 80% – and usually almost all – of its total assets to their common stocks and other equity securities. Up to 20% of its portfolio may be directed towards foreign issuers, including those in emerging markets, provided these non-U.S. companies meet the same real estate investment criteria as their domestic counterparts. These international holdings can include American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and European Depositary Receipts (EDRs).