Fund Description

The fund invests at least 80% of net assets, including any borrowings for investment purposes, in securities of mid-cap companies and in derivatives and other instruments with similar economic characteristics. Mid-cap companies are those with market capitalizations within the range of the Russell Midcap Index over the most recent 11-month period plus the most recent current-month data. It primarily invests in common stock but may also hold REITs or other securities consistent with its objective. It mainly invests in U.S. companies, may invest globally, and it does not intend to invest substantially in foreign securities. Managers use fundamental, bottom-up research, consider stock rankings and benchmark weightings, and seek broad sector diversification.