Fund Description

The fund normally invests at least 80% of its assets in securities of companies principally engaged in the ownership or management of hospitals, nursing homes, health maintenance organizations, and other businesses specializing in the delivery of health care services, including owners and operators of health care facilities, managed plans, other providers and service companies, and distributors and wholesalers of health care products. It normally invests primarily in common stocks and may invest in domestic and foreign issuers. It may use derivatives that provide exposure to these investments or related market risk factors, which are included in the 80% policy. Security selection relies on fundamental analysis of issuers' financial condition and industry position, along with market and economic conditions.