Fund Description

The fund, under normal conditions, invests at least 80% of assets (including borrowings) in common and preferred stocks of companies principally engaged in banking or financial services, and in mutual funds and ETFs investing in such companies classified within Banks, Financial Services, Insurance, or Transaction Processing Services under the Russell ICB. It has fundamental policies to invest at least 25% of net assets in banking and at least 25% in financial services. It invests primarily in mid- and small-size companies, may invest in SPACs with identified targets, and may invest in REITs.