The investment seeks to track the investment results of the FTSE Nareit All Residential Capped Index composed of U.S. residential, healthcare and self-storage real estate equities.
The fund generally will invest at least 80% of its assets in the component securities of the underlying index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The underlying index measures the performance of the residential apartments, manufactured homes, healthcare and self-storage real estate sectors of the U.S. equity market. The fund is non-diversified.
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