The Fund’s primary investment objective is long term growth of capital and income. The Fund will invest at least 80% of its net assets, under normal market conditions, in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas, and water and telecommunications services or infrastructure operations. A company will be considered to be in the Utility Industry if it derives at least 50% of its revenues or earnings from, or devotes at least 50% of its assets to, the indicated activities or utility-related activities.