Fund Description

The fund is non-diversified and concentrates in technology industries, investing mainly in growth and/or value common stocks of large and midsize companies worldwide that the investment manager believes have favorable potential. Under normal circumstances, it invests at least 80% of net assets in technology-industry companies, a policy that may be changed only after 60 days' notice to shareholders. It targets firms developing technology-driven advances for consumers, enterprises, and governments, and may buy stocks viewed as undervalued. It may use derivatives for hedging or nonhedging, including foreign currency forwards, and may short sell. It is not constrained by region, and intends to invest in at least five countries and at least 40% in foreign companies (or as tied to its benchmark).