Fund Description

The fund, under normal circumstances, invests at least 80% of its net assets plus any borrowings for investment purposes in a diversified portfolio of equity investments in large-cap U.S. issuers, including foreign issuers traded in the United States, and may also invest below the then-existing large-cap threshold. It uses quantitative management with a qualitative overlay, emphasizing fundamentally based stock selection, careful portfolio construction and efficient implementation. It selects investments using fundamental research and a variety of quantitative techniques based on themes including Fundamental Mispricings, High Quality Business Models, Sentiment Analysis, and Market Themes & Trends, and utilizes proprietary models that assess a wide range of indicators, which may include certain ESG indicators; no one indicator is determinative. It may also invest in fixed income securities considered cash equivalents, and measures performance against the Russell 1000 Value Index.