Fund Description

The fund normally invests at least 80% of assets in securities of companies principally engaged in owning or developing natural resources, or supplying related goods and services, and in precious metals. Targeted activities may include exploring, mining, refining, processing, transporting, fabricating, dealing in, or owning natural resources, spanning metals, hydrocarbons, chemicals, forest products, real estate, food, textile and tobacco products, and other basic commodities. It may treat instruments linked to precious-metal prices as precious metals and may use derivatives for such exposure within the 80% policy. It invests primarily in common stocks and certain precious metals, in domestic and foreign issuers, selected through fundamental analysis of issuer and market factors.