Fund Description

The fund emphasizes investment in common stocks of medium-capitalization companies and is typically broadly diversified across industries and economic sectors. It may also invest in shares of ETFs that invest primarily in mid-cap common stocks, and is not limited to any particular market capitalization. Stock selection begins with an initial mid-cap list reviewed for financial attributes, then grouped into growth or value categories and further sorted into eleven sector weightings to support diversification. The fund may invest up to 25% of net assets in ETFs and up to 25% in foreign issuers via ADRs or foreign-focused ETFs. Holdings are monitored continuously and rebalanced periodically, with sales based on criteria changes, opportunity, fundamentals, or market conditions.