Description

The fund's principal objective is to achieve capital appreciation for its shareholders, while a secondary aim is to generate income. Under typical market conditions, the fund commits a minimum of 80% of its holdings to common equities of U.S. companies classified as mid-capitalization. A mid-cap company is defined, at the point of investment, as one with a market capitalization between $1.5 billion and $12 billion, or one whose market capitalization falls within the range represented by the Russell Midcap® Index. It is worth noting that the market capitalization parameters of the companies within the Russell Midcap® Index are dynamic and will adjust according to prevailing market circumstances.