The investment seeks long-term capital appreciation.
The fund invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in securities of companies that are principally engaged in the research, design, development, manufacturing or distributing products or services in the technology industry. It will primarily invest in equity securities of companies listed on a U.S. securities exchange or NASDAQ that are expected to experience earnings growth as a result of technology. The fund may invest up to 20% of its net assets in companies outside of the technology industry. It is non-diversified.