The fund aims to invest in equities of companies involved in or benefit from the development of innovative products, processes, or services around the globe. The fund utilizes a fundamental approach, which includes reviewing company operations, quality of management, and research & development practices to assess growth potential. The fund adviser generally looks for stocks that trade below their intrinsic value and demonstrate superior earnings growth. The fund may invest without limit in foreign issuers and securities of funds managed by the issuer. The adviser may use derivatives for hedging and non-hedging purposes and may enter into securities lending, repurchase, and reverse purchase transactions for additional income. The adviser may also engage in short selling to manage volatility or enhance returns.