Fund Description

The fund invests its net assets primarily in common stocks of telecommunications, media, and information technology companies the adviser believes offer rapid revenue and earnings growth with potential for above-average capital appreciation or are undervalued. It invests mainly in foreign and domestic small-, mid-, and large-cap issuers, with securities tied to at least three countries and at least 40% of total net assets in non-U.S. issuers or related investments. The adviser considers market price, balance sheet characteristics, and perceived management strength. The fund invests at least 25% of total assets in the telecommunications-related industry and no more than 25% in any other industry.