Fund Description

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in stocks of growth companies of any size that its sub-adviser believes are leading producers or beneficiaries of technological innovation. In selecting stocks, it looks for technology companies with potential for strong earnings or revenue growth, using a multi-dimensional process across emerging, cyclical or stable growth companies. The approach emphasizes earnings momentum, positive earnings revisions, favorable growth, product or market cycles and/or favorable valuations. Up to 25% may be invested in foreign securities. It typically sells when a more attractive alternative exists, fundamentals deteriorate, or sector views change.