Strategy And Objective

The Fund seeks long-term capital appreciation.Under normal circumstances, the Fund invests at least 80% of its assets in the equity securities of health care-related companies worldwide as selected by the sub-adviser, Wellington Management Company LLP ( Wellington Management ). Wellington Management's investment process focuses on stock selection through fundamental analysis. The Fund takes a broad approach to investing in the health care sector. It may invest in health-related companies, including companies in the pharmaceuticals, biotechnology, medical delivery, medical products, medical services, managed health care, health information services and emerging health-related sub sectors. The Fund s assets will be allocated across the major sub sectors of the health care sector, with some representation typically maintained in each major sub sector.