Fund Description

The fund invests in securities issued throughout the world, allocating investments across different countries and regions, and normally invests primarily in common stocks. It normally invests at least 80% of assets in stocks of commodities companies-those principally engaged in the energy, metals, and agriculture industries-including, for example, integrated oil companies; companies engaged in the exploration and production of oil and gas; companies primarily involved in the production and mining of coal, related products, and other consumable fuels; fertilizer and agricultural chemicals companies; companies engaged in producing or extracting metals and minerals; producers of gold, precious metals and minerals, and related products; producers of iron and steel; manufacturers of timber and related wood and paper products; and producers of agricultural products. It uses fundamental analysis of issuers' financial condition and industry position, as well as market and economic conditions.