The investment seeks long-term growth of capital. Approximately 30% of the fund's net assets will be in short positions, and approximately 130% of the fund's net assets will be in long positions, resulting in approximately 100% net equity exposure. Under normal circumstances, it invests at least 80% of its net assets in stocks of U.S. companies or derivatives the value of which are linked to stocks of U.S. companies. For these purposes, a U.S. company is one whose stock is listed on a U.S. exchange or automated quotation system.