BIREX : BlackRock Real Estate Securities Fund Institutional Shares

Fund Summary

The investment seeks total return comprised of long-term growth of capital and dividend income. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in a portfolio of equity investments in issuers that are primarily engaged in or related to the real estate industry inside the United States. It may invest up to 20% of its net assets plus any borrowings for investment purposes in a portfolio of equity investments in issuers that are primarily engaged in or related to the real estate industry outside the United States and fixed-income investments. The fund is non-diversified.