Dividend Capital Realty Income Allocation Fund is a mutual fund launched and managed by Dividend Capital Investments LLC. It is Co-managed by Calamos Advisors LLC. It operates as a nondiversified closed-end management investment company. The fund invests in common stock, preferred stock, and debt securities of real estate companies, as well as in commercial mortgage-backed securities in the retail and hotel sectors. Dividend Capital Realty Income Allocation Fund was founded in 2004 and is domiciled in Denver, Colorado.