span style="color:#000000;font-family:Times New Roman;font-size:9.50pt;"The Portfolio pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that portfolio management believes will benefit significantly from advances or improvements in technology. These companies generally fall into two categories: /spanspan style="color:#000000;font-family:Times New Roman;font-size:9.50pt;"•/spanspan style="color:#000000;font-family:Times New Roman;font-size:9.50pt;"companies that portfolio management believes have or will develop products, processes, or services that will provide significant technological advancements or improvements; and /spanspan style="color:#000000;font-family:Times New Roman;font-size:9.50pt;"•/spanspan style="color:#000000;font-family:Times New Roman;font-size:9.50pt;"companies that portfolio management believes rely extensively on technology in connection with their operations or services. /spanspan style="color:#000000;font-family:Times New Roman;font-size:9.50pt;"Some of the industries and companies likely to be represented in the Portfolio’s holdings include e-commerce (companies doing business through the Internet); computer (hardware and software); communications (voice, data, and wireless); industrials; Internet (software, services, and infrastructure equipment); and media and entertainment. /spanspan style="color:#000000;font-family:Times New Roman;font-size:9.50pt;"The Portfolio implements this policy by investing primarily in equity securities of U.S. and foreign companies selected for their growth potential. The Portfolio typically invests at least 40% of its net assets in securities of issuers or companies that are economically tied to different countries throughout the world, excluding the United States. An issuer is deemed to be economically tied to a country or countries outside of the United States if one or more of the following tests are met: (i) the issuer is organized in, or its primary business office or principal trading market of its equity is located in, a country outside of the United States; (ii) a majority of the issuer’s revenues are derived from outside of the United States; or (iii) a majority of the issuer’s assets are located outside of the United States. The Portfolio may have exposure to emerging markets. From time to time, the Portfolio may invest in shares of companies through initial public offerings. /spanspan style="color:#000000;font-family:Times New Roman;font-size:9.50pt;"The Portfolio has a fundamental policy to invest 25% or more of the value of its total assets in the industries within the information technology sector in the aggregate. /spanspan style="font-family:Times New Roman;font-size:9.50pt;"The Portfolio is classified as nondiversified, which allows it to hold larger positions in more securities as compared to a portfolio that is classified as diversified. /spanspan style="color:#000000;font-family:Times New Roman;font-size:9.50pt;"Portfolio management applies a “bottom-up” approach in choosing investments. In other words, portfolio management looks at companies one at a time to determine if a company is an attractive investment opportunity and if it is consistent with the Portfolio’s investment policies. Factors that portfolio management may consider in its fundamental analysis include the strength of a company’s balance sheet and a company’s projected returns or growth rates. Portfolio management will generally consider selling a position when, among other things, the investment thesis for owning a position has changed or if the position exceeds its targeted value./spanspan style="color:#000000;font-family:Times New Roman;font-size:9.50pt;"As part of its investment process, portfolio management considers environmental, social, and governance (“ESG”) risks and opportunities (“ESG Factors”) that it believes are financially material, alongside other fundamental investment factors. Examples of potential financially material ESG Factors include: corporate governance, company culture, exposure to climate change, and human capital management. To assess ESG Factors, portfolio management uses issuer reports, third-party data, and internally-generated analyses and may engage directly with issuers. ESG Factors are one of many considerations in the investment decision-making process, may not be determinative in deciding to include or exclude an investment from the portfolio, and may not be considered for every investment decision./spanspan style="color:#000000;font-family:Times New Roman;font-size:9.50pt;"The Portfolio may seek to earn additional income through lending its securities to certain qualified broker-dealers and institutions in an amount equal to up to one-third of its total assets as determined at the time of the loan origination./span