Fund Description

The fund normally invests at least 80% of assets in securities of companies principally engaged in the research, manufacture, or sale of products or services related to the defense or aerospace industries, including manufacturers of civil or military aerospace and defense equipment, parts, or products such as defense electronics and space equipment. Determinations may be based on company assets, income, sales, or profits tied to these activities or third-party industry classifications. Derivatives providing related exposure are included in the 80% policy. The fund normally invests primarily in common stocks of domestic and foreign issuers, selected using fundamental analysis of financial condition, industry position, and market and economic conditions.