Fund Description

The fund invests at least 80% of its Assets (net assets plus borrowings for investment purposes) in common stocks of U.S. companies, using active management to identify attractively valued securities relative to their growth potential over a long-term horizon. Holdings are predominantly large- and mid-cap stocks similar to those in the Russell 1000 Value Index universe. It may also invest significantly in REITs and depositary receipts, and may use derivatives-primarily futures-to gain targeted equity exposure from cash positions. The adviser uses bottom-up, fundamental and quantitative research, considers ESG factors, and may sell based on fundamentals, valuation, or better opportunities.