Fund Description

The fund invests at least 80% of its assets in common stocks, primarily of U.S.-located issuers. Wellington Management Company LLP, the sub-adviser, selects holdings using fundamental research aimed at finding companies with improving quality metrics, business momentum, and attractive relative valuations, emphasizing sustainable competitive advantages, revenue and margin drivers, and cash generation capacity. Research is supported by a proprietary screening tool. The portfolio seeks broad diversification by industry and company, though it may emphasize one or more sectors based on market or economic conditions. It invests across market caps but tends to focus on large-cap stocks similar to those in the S&P 500 Index.