Fund Description

The fund normally invests at least 80% of assets in securities of companies principally engaged in the design, production, or distribution of goods or services in the leisure industries, including gaming facilities, hotels, cruises and travel agencies; sports, fitness, and amusement centers; restaurants, caterers, consumer services; leisure products and equipment manufacturers; and TV, cable, entertainment, and other leisure-related companies. It primarily invests in common stocks of domestic and foreign issuers and may use derivatives for exposure consistent with its 80% policy. Security selection uses fundamental analysis of issuers' financial condition, industry position, and market and economic conditions.