The Fund’s objectives are to: (i) provide a stable level of income; and (ii) outperform the S&P®/TSX™ Capped REIT Index on a total return basis, through an investment strategy which combines indexing and active portfolio management and entails investing primarily in securities of issuers in the Canadian real estate sector. The Fund is designed for investors seeking a stable level of income and the potential for capital appreciation.

The Fund invests 50%-80% (passive component) of the Fund’s net assets directly in the securities that constitute the S&P®/TSX™ Capped REIT Index (the “Index”). The active component representing up to 50% of the Fund’s net assets may be comprised of common stocks, preferred shares and convertible debentures of large capitalization Canadian and international companies, and index units of U.S. and other foreign stock exchanges.

The Fund is authorized to issue series of shares designated as Series A and F.