Fund Description

The fund was incepted in July 1998 and is managed by Banc One Investment Advisor. The fund seeks to provide a return that substantially duplicates the price and yield performance of domestically traded common stocks in the small and mid-capitalization equity markets, as represented by a market capitalization weighted combination of the Standard & Poor's Small Cap 600 Index and the Standard & Poor's Mid cap 400 Index. The fund invests in a representative sampling of stocks of medium-sized and small U.S. companies that are included in the S&P Small Cap 600 and S&P Mid cap 400 and which trade on the New York and American Stock Exchanges as well as over-the counter stocks that are part of the National Market System. The fund uses a sampling methodology to determine which stocks to purchase or sell in order to closely replicate the performance of the combined indices. The fund seeks to achieve a correlation between its portfolio and that of the indices of at least 0.95, without taking into account the fund's expenses. The fund offers dividends quarterly and capital gains annually.