Fiscal Year End
The fund seeks to provide long-term capital growth through the common stocks of media, technology, and telecommunications companies.
To normally invest at least 80% of net assets in the common stocks of companies engaged in any facet of media and telecommunications including publishing, movies, cable TV, telephone, cellular services, and technology and equipment. Generally, the fund invests in companies in the large- to mid-capitalization range. The fund's investments may be in U.S. or non-U.S. companies.
Individuals seeking an aggressive approach to capital growth who can accept the risk of loss inherent in a fund that focuses on a volatile area of the market. Appropriate for both regular and tax-deferred accounts, such as IRAs.
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This fund offers capital growth potential by investing primarily in stocks of media and telecommunications firms at home and abroad. Through this fund, investors can share in the potentially superior long-term prospects of companies in this segment of the economy. Although it concentrates on a specific sector, it is well diversified through the media and telecommunications universe.
A fund offering substantial upside potential also carries a high level of risk. Due to its concentration on specific industries, and exposure to mid-caps and foreign securities, the fund's share price could be more volatile than that of a fund with a broader investment mandate.