The investment seeks to provide long-term capital appreciation and high current income. The fund focuses on income-producing common stocks and other equity securities of U.S. real estate companies. It normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in companies that are primarily engaged in the real estate industry. The fund may invest up to 20% of its assets in equity and fixed income securities of companies which are not principally engaged in the real estate industry or which are not income producing equity securities of companies principally engaged in the U.S. real estate industry.