The fund was incepted in January 1997 and is managed by Massachusetts Financial Services Company. The fund's investment objective is capital appreciation. The fund invests, under normal market conditions, at least 80% of its net assets in common stocks and related securities of companies that the fund believes have above average growth potential and will benefit from technological advances and improvements. The fund's investments may include securities issued in initial public offerings and securities listed on a securities exchange or traded in the over-the-counter markets. The fund may invest in other securities that the fund believes offer an opportunity for capital appreciation. These securities may include fixed income securities when relative values make such purchases attractive. The fund may also invest in foreign securities (including emerging market securities) and may have exposure to foreign currencies through its investment in these securities. Though the fund is a diversified fund, it may invest a relatively large percentage of its assets in a single issuer. The fund offers dividends and capital gains annually.