Fund Description

The fund seeks to achieve its objective by investing primarily in equity securities of companies with substantial natural resource assets. Under normal circumstances, it invests at least 80% of assets in such companies or in securities whose value is related to a natural resource asset, with derivatives counted toward the 80% policy when they provide relevant exposure. Holdings may include common and preferred stock, subscription rights, options, and securities convertible into common stock. Natural resource assets include precious, ferrous, nonferrous and strategic metals, water, hydrocarbons, timber land, underdeveloped real property, and agricultural products. It normally invests in a portfolio spanning sectors such as energy, chemicals, oil, gas, paper, mining, steel or agricultural products, and may concentrate in sectors and issuers. It invests in U.S. and non-U.S. markets, including emerging markets, across currencies and market caps.