The investment seeks total return. The fund normally invests at least 80% of net assets in securities of companies in the communications field. It focuses on the securities of companies that are engaged in the research, development, manufacture or sale of communications services, technology, equipment or products. The fund may invest in convertible securities and in bonds and short-term cash equivalents. It may also invest in stocks and other securities of companies not publicly traded in the United States, including securities of emerging markets. The fund is nondiversified.