div style="line-height:11.16pt;margin-top:4pt;text-align:left;"span style="color:#003c78;font-family:arial;font-size:9.30pt"The Fund generally invests at least 80% of its net assets (including the amount of any borrowings for investment /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"purposes) in equity securities of U.S. and non-U.S. companies with business operations in technology and technology-related/spanspan style="color:#003c78;font-family:arial;font-size:9.30pt" industries. For these purposes, technology-related companies are those companies that use technology /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"extensively to improve their business processes and applications. The technology industry comprises information /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"technology and communications, as well as medical, environmental and biotechnology. The Fund may invest in /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"securities of companies domiciled in any country believed to be appropriate to the Fund’s objective. The Fund /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"generally invests in several countries in different geographic regions./span/divdiv style="line-height:11.16pt;margin-top:4pt;text-align:left;"span style="color:#003c78;font-family:arial;font-size:9.30pt"Under normal circumstances, the Fund generally invests at least 40% of its net assets in companies that maintain /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"their principal place of business or conduct their principal business activities outside the U.S., have their securities /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"traded on non-U.S. exchanges or have been formed under the laws of non-U.S. countries./spanspan style="color:#003c78;font-family:arial;font-size:9.30pt;line-height:11.16pt" /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"This 40% minimum /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"investment amount may be reduced to 30% if market conditions for these investments or specific foreign markets are /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"deemed unfavorable./spanspan style="color:#003c78;font-family:arial;font-size:9.30pt;line-height:11.16pt" /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"The Fund considers a company to conduct its principal business activities outside the U.S. if it /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"derives at least 50% of its revenue from business outside the U.S. or has at least 50% of its assets outside the U.S./spanspan style="color:#003c78;font-family:arial;font-size:9.30pt;line-height:11.16pt" /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"The Fund may, from time to time, take temporary defensive positions that may result in the Fund investing less than /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"30% of its net assets in companies outside the U.S. in an effort to minimize extreme volatility caused by adverse /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"market, economic, political or other conditions./span/divdiv style="line-height:11.16pt;margin-top:4pt;text-align:left;"span style="color:#003c78;font-family:arial;font-size:9.30pt"The Fund may invest in companies that have market capitalizations of any size./spanspan style="color:#003c78;font-family:arial;font-size:9.30pt;line-height:11.16pt" /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"Securities of large capitalization /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"companies that are well established in the world technology market can be expected to grow with the market and are /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"frequently held by the Fund. However, rapidly changing technologies and expansion of technology and technology-related/spanspan style="color:#003c78;font-family:arial;font-size:9.30pt" industries often provide a favorable environment for companies of small-to-medium size capitalization, and /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"the Fund may invest in these companies as well./span/divdiv style="line-height:11.16pt;margin-top:4pt;text-align:left;"span style="color:#003c78;font-family:arial;font-size:9.30pt"The Fund may invest in all types of securities, many of which will be denominated in currencies other than the U.S. /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"dollar. The Fund normally concentrates its investments in common stocks; however, it may invest in other types of /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"equity securities, including securities convertible into or exchangeable for common stock, depositary receipts, and /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"rights and warrants to purchase common stock. The Fund also may invest up to 20% of its assets in preferred stock /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"and investment-grade or comparable quality debt securities./span/divdiv style="line-height:11.16pt;margin-top:4pt;text-align:left;"span style="color:#003c78;font-family:arial;font-size:9.30pt"The Fund is non-diversified, which means that it can invest a greater percentage of its assets in the securities of /spanspan style="color:#003c78;font-family:arial;font-size:9.30pt"fewer issuers than can a diversified fund./span/div