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AEW Real Estate Fund
Fund focus
AEW Real Estate Fund seeks to provide above-average income and long-term growth of capital. The fund invests in a broad range of real estate securities, including real estate investment trusts (REITs) and/or other publicly held real estate-related companies.
What you should know
While the fund offers the diversification benefits of real estate investments, it is also subject to the risks unique to that market, including fluctuating property values and interest rates, along with changing tax laws.
Investment strategy
AEW begins with a value-oriented approach to identify attractively priced securities with the potential for price appreciation. Their goal is to build a portfolio that is diversified by property type, ownership and geographic region. AEW applies in-depth research coupled with extensive knowledge of real estate and capital markets, allowing the portfolio managers to achieve a high level of diversification.
Top Five Holdings
| Information is as of 5/31/2008* |
| Simon Property Group, Inc. |
8.82% |
| Equity Residential |
5.60% |
| Boston Properties, Inc. |
5.45% |
| Public Storage, Inc. |
4.98% |
| Vornado Realty Trust |
4.81% |
View a complete list of holdings
for this fund.
Portfolio Manager
Managed by AEW Capital Management, L.P.
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| Matthew A. Troxell |
The following information regarding this Fund is also available:
Performance for other share classes will be greater or less than that shown based on differences in fees and sales charges. See a prospectus for details. Because the fund concentrates its investments in one sector, there is increased risk over more diversified funds. Real estate investment trusts (REITs) are subject to certain risks, particularly those risks associated with the real estate market and mortgage investing. These risks include fluctuating property values, changes in interest rates, property taxes and mortgage-related risks.
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