Fund Description

The fund normally invests primarily in common stocks, with at least 80% of assets in securities of companies principally engaged in the design, manufacture, or sale of products or services used for or in connection with health care or medicine. Targeted areas may include biotechnology-based products, pharmaceuticals (including veterinary drugs), health care equipment, devices and supplies, and owners and operators of health care facilities, HMOs, and other managed plans. It may invest in domestic and foreign issuers and selects investments using fundamental analysis of each issuer's financial condition and industry position, as well as market and economic conditions.