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The Fund seeks long-term capital appreciation.
The Fund invests in U.S. equity securities of any size and seeks to achieve its objective through the purchase and short sale of securities. With a long position, the Fund purchases a stock outright; with a short position, the Fund sells a security that it does not own and must borrow to meet its settlement obligations.
TOP HOLDINGS (all classes) as of 04/30/2013
View detailed list of holdings
|KRAFT FOODS GROUP INC||2.69%|
|ITC Hldgs Corp||2.46%|
|Campbell Soup Co.||-2.20%|
|Illinois Tool Works||-1.92%|
|PATTERSON-UTI ENERGY INC||-1.74%|
There are special risks associated with selling securities short. A short position will lose value as the security's price increases. Theoretically, the loss on a short sale can be unlimited.
The use of leverage will also increase market exposure and magnify risk.
Equity stocks of small and mid-cap companies carry greater risk, and more volatility than equity stocks of larger, more established companies.
Please read the prospectus for more detailed information regarding these risks.
Dec 31, 1997
2.00% applied within 90 Days
$1,000 Classes A, C
$1,000 IRA: Classes A, B, C
$1,000,000 Institutional Service
as of April 30, 2013
** Only certain investors are eligible to purchase shares of these classes.