Description

The fund's primary objective is to achieve capital appreciation. Under typical conditions, it allocates a minimum of 80% of its assets to equity securities issued by companies with a medium market capitalization. The subadviser carefully selects a focused portfolio of these growth-oriented, mid-sized companies, specifically targeting those it considers undervalued when assessed against their anticipated future expansion. While primarily concentrating on U.S. enterprises, the fund retains the flexibility to invest in international securities and depositary receipts.