The investment seeks long-term capital appreciation. The fund normally invests at least 80% of assets in equity securities of the types of companies positioned to benefit from the growth of the Internet. It may lend securities with a value of up to 33 1/3% of the total assets (including the loan collateral) to qualified institutions.The fund may invest up to 25% of total assets in foreign securities. There is no limit on the market capitalization of the companies in which the fund may invest, or on the length of operating history for the companies. The fund may invest without limit in initial public offerings (IPOs).