p id="xdx_A8__eoef--StrategyNarrativeTextBlock_zRDdOgxcdwhF" style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"span style="-sec-ix-redline: true"The Fund pursues its investment objective by normally investing in a portfolio of approximately 20-30 equity securities. The Fund may invest in equity securities of companies of any size, but will invest primarily in larger, well-established companies across various sectors. The Fund may also invest up to 20% of its net assets in foreign securities of companies listed on U.S. exchanges or in the form of depositary receipts. /span/p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center" /p p style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"In selecting investments, the portfolio managers employ a combination of a “bottom up” fundamental security selection with a “top down” thematic approach, focusing on secular themes transforming society. In applying a “bottom up” approach that focuses on fundamental research, portfolio management considers, among other factors, a company’s sustainable competitive advantages, long-term growth potential, and shareholder value. In applying a “top down” thematic approach, portfolio management seeks to construct an overall portfolio with characteristics tied to secular themes transforming society. The themes of focus, which may evolve over time and/or incorporate other themes, include: artificial intelligence, cloud computing, deglobalization, digitization (including e-commerce), healthcare innovation, or other long-term innovations. /p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center" /p p style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"The Fund will generally consider selling a security when, in portfolio management’s opinion, there is a deterioration in a company’s financials, the investment thesis for owning the position has changed, or if the security trades at intrinsic value. /p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center" /p p style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"span style="-sec-ix-redline: true"The Fund is “actively-managed” and, thus, does not seek to replicate the performance of a specified index. Accordingly, portfolio management has discretion on a daily basis to manage the Fund’s portfolio in accordance with the Fund’s investment objective /span/p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center" /p p style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"The Fund may seek to earn additional income through lending its securities to certain qualified broker-dealers and institutions on a short-term or long-term basis, in an amount equal to one-third of its total assets as determined at the time of the loan origination. /p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center" /p p style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt"span style="-sec-ix-redline: true"The Fund is classified as nondiversified, which allows it to hold larger positions in securities compared to a fund that is classified as diversified. /span/p