AVRE invests in real estate stocks globally that are expected to have higher returns or better risk characteristics. The fund holds real estate companies stretching across a variety of property sectors, including REITs and REIT-like entities, located in countries included in its benchmark index, the S&P Global REIT Index. A company is considered a real estate company if at least 50% of its revenues or market value is attributed to the ownership, construction, management, or sale of real estate. The fund could engage in securities lending, which brings revenues to the fund, at the cost of slight counterparty risk. As an actively managed fund, the portfolio managers can analyze market and financial data to make buy, sell, and hold decisions at their discretion.