Fund Description

The fund invests at least 80% of its net assets in securities of public utilities companies, including providers of electricity, natural gas, water and communications services, as well as companies that provide services to public utilities. It concentrates more than 25% of total assets in the utilities industry and invests primarily in equity securities, mainly common stocks. The fund looks for return opportunities across global utilities with a specific focus on the U.S. electricity and gas sector, generally favoring companies that generate a high percentage of earnings from regulated operations.