Fund Description

The fund seeks its investment objective by investing, under normal circumstances, at least 80% of its net assets in a diversified portfolio of common stock and securities convertible into common stock of mid-cap companies, defined as those with market capitalizations within the range of the Russell Midcap Index at the time of investment. It will not automatically sell or stop buying a holding solely because its market capitalization moves outside that range. The fund may also invest in REITs, including mortgage REITs, and other real estate-related securities. The manager targets undervalued companies with good earnings prospects using quantitative valuation versus peers, earnings momentum, relative price strength, and qualitative business catalysts.