Industry description
The investment seeks long-term growth of capital.
The fund will normally invest at least 80% of its total assets in equity securities issued by U.S. and foreign Energy and Basic Materials Companies, regardless of their stock market value (or "market capitalization"). It utilizes the Standard & Poor's classification system for purposes of determining whether a company is an "Energy or Basic Materials Company". Standard & Poor's maintains a proprietary classification system similar to the North American Industry Classification System, which classifies companies according to industry sectors and groups.