Fund Description

The fund invests at least 80% of net assets, plus any borrowings for investment purposes, in equity securities of mid-cap companies within the Russell MidCap Index capitalization range and provides shareholders at least 60 days' written notice before changing this policy. It may hold common and preferred stocks, rights, warrants and options, convertible securities, foreign equities listed on established exchanges (including NASDAQ) and ADRs, REITs and real estate companies, and other equity-like securities. Management analyzes economic and market conditions, invests mostly in value companies, and considers factors such as a company's market capitalization and valuation measures including price-to-book, price-to-earnings, price-to-sales, price-to-cash flow, and/or dividend yield, and sometimes ESG practices.