Fund Description

The fund normally invests at least 80% of assets in securities of companies principally engaged in underwriting, reinsuring, selling, distributing, or placing property and casualty, life, or health insurance, including life and health, multi-line, property and casualty, reinsurance companies, and insurance brokers. It may determine principal engagement based on assets, income, sales, or profits tied to these activities or third-party industry/sector classifications. Derivatives providing exposure to these investments or related market risk factors are included in the 80% policy. The fund normally invests primarily in common stocks of domestic and foreign issuers, using fundamental analysis of issuers and market and economic conditions.