| NASDAQ Exchange | United States Country |
The fund described is primarily focused on investing in the equity securities of technology companies. These companies are not limited by the type of equity securities, encompassing common stocks, preferred stocks, and securities that can be converted into common or preferred stocks. By choosing to invest a substantial portion of its assets in technology firms, the fund aims to capitalize on the potential benefits arising from technological advancements and developments. The strategy underlines a commitment to technology as a sector that drives future growth and innovation.
This service involves the fund investing at least 80% of its net assets, including borrowed amounts, into various forms of equity securities of technology companies. This wide-ranging approach allows for investment in common stocks, preferred stocks, and convertibles, providing the fund with flexibility in how it positions itself within the technology sector.
An integral part of the fund’s strategy involves dedicating at least 25% of its total net assets at the time of purchase to securities of issuers primarily engaged in the technology sector and related industries. This commitment ensures that the fund remains deeply rooted in the technology domain, potentially benefiting from sector-specific growth and technological innovations.