Strategy. The Fund employs a passive management approach, investing in a portfolio of assets whose performance the subadviser expects to match approximately the performance of the NASDAQ-100 Index before the deduction of Fund expenses. The NASDAQ-100 Index is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. Some of these companies may be located outside the United States. Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of companies included in the NASDAQ-100 Index. The Fund does not necessarily invest in all of the securities included in the NASDAQ-100 Index, or in the same weightings. Because the NASDAQ-100 Index includes … Show more… The Fund employs a passive management approach, investing in a portfolio of assets whose performance the subadviser expects to match approximately the performance of the NASDAQ-100 Index before the deduction of Fund expenses. The NASDAQ-100 Index is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. Some of these companies may be located outside the United States. Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of companies included in the NASDAQ-100 Index. The Fund does not necessarily invest in all of the securities included in the NASDAQ-100 Index, or in the same weightings. Because the NASDAQ-100 Index includes securities from several technology industries, the Fund is permitted to invest more than 25% of its net assets in securities of companies in the technology sector. The Fund is classified as a non-diversified fund under the Investment Company Act of 1940, which means that a relatively high percentage of the Fund's assets may be invested in a limited number of issuers. Show less