Description

This fund's core strategy is to acquire equity shares in mid-sized companies that its portfolio management team has identified as being undervalued. A substantial portion of its capital, specifically at least 80% of its net assets (which includes any funds borrowed for investment), is channeled into the equity securities of companies whose market capitalization, at the time of purchase, falls within the parameters of the Russell Midcap® Value Index. Under typical market conditions, the fund also possesses the flexibility to commit up to 20% of its net assets to securities issued by companies with market capitalizations outside of these defined ranges.