Fund Description

The fund normally invests at least 80% of its assets in securities of companies principally engaged in the manufacture, marketing, or sale of automobiles, trucks, specialty vehicles, parts, tires, and related services, including automotive manufacturers, component and accessory makers, tire and rubber manufacturers, and dealers and other automotive retailers. It may include derivatives that provide exposure to these investments or related market risk factors within the 80% policy. The fund normally invests primarily in common stocks, in domestic and foreign issuers, using fundamental analysis of issuers and market and economic conditions.