Fiscal Year End
Long-term capital growth from investments in global corporations involved in infrastructure and utility properties.
The fund will have about 60% of its investments in Europe and North America, plus exposure to the Asian markets. It will be more geographically diversified than many of its competitors. The portfolio manager can invest in companies of all sizes and has the flexibility to shift assets between different areas within the infrastructure industry based on prevailing market conditions.
The Global Infrastructure Fundís focus on a rapidly growing sector of the world economy offers the potential for strong price appreciation. Since the fund is not diversified and invests globally, it is appropriate only for investors who can tolerate substantial volatility. The Global Infrastructure Fund would be a good complement to an investorís core international holdings as part of an overall diversified portfolio. It should not be an investorís only international holding. Appropriate for both regular accounts and IRAs.
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This fund aggressively pursues long-term capital growth by investing in foreign and U.S. companies involved in infrastructure and utility properties.
The fund is less diversified than a non-focused fund and its substantial reward potential is coupled with significant risk. In addition, any foreign holdings could be affected by declining local currencies or adverse political or economic events.