Fund Description

The fund normally invests at least 80% of assets in securities included in the Russell 1000 Growth Index, a market capitalization-weighted index designed to measure the performance of the large-cap growth segment of the U.S. equity market, and including Russell 1000 companies with higher price-to-book ratios and higher forecasted growth rates. The index caps constituents quarterly so no more than 22.5% may be allocated to a single constituent and those over 4.5% collectively may not exceed 45%. It primarily uses replication, may not hold all index securities, may use derivatives within its 80% policy, lends securities to earn income, and may operate as non-diversified to the extent the index is non-diversified.