Fund Description

The fund normally invests at least 80% of net assets (plus any borrowings for investment purposes) in securities of communications and technology companies, with qualifying derivatives counted toward this policy. Communications and technology companies can be involved in a variety of industries, including, but not limited to, digital advertising, e-commerce, streaming services, media, telecommunications services and infrastructure providers, payment networks, enterprise software and services, computer hardware, semiconductor design and manufacturing, and components and equipment. Stock selection uses fundamental, bottom-up analysis and may use a growth or value approach. Holdings may include U.S. and non-U.S. stocks, sometimes in a relatively small number of positions, and may to a limited extent include privately held companies and companies that only recently began to trade publicly. The fund is nondiversified.