Founded in January 1984, one of the oldest mutual funds focusing primarily on telecommunication stocks.
The telecom industry has grown as new technologies come to market and less-developed countries experience an expanding middle class and modernized their infrastructure.
Mobile phone, TV, Internet - the fund invests in the companies that research, manufacture and sell the products and services that keep the world connected.
Portfolio managers may choose companies engaged in the research and development, manufacturing, or sale of communications products or services.
Without a waiver, returns would have been lower and any rankings/ratings might have been less favorable.
Source: Lipper Inc. Rankings are historical and do not guarantee future results. Rankings are based on the fund’s total return unadjusted for sales charges with distributions reinvested. If sales charges had been included, where applicable, results might have been less favorable.
Daniel Fletcher CFA
26 years experience
Sebastian P. Werner
12 years experience
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Class A shares are subject to a maximum front-end sales charge. Class C shares include a deferred sales charge which declines to zero after first year. The Institutional share class is not subject to a sales charge.
Institutional Class shares are generally available only to qualified institutions.