Fund Goal and Approach
The fund seeks to match the performance of the Standard & Poor's MidCap 400 Index (the 'Index'), which is composed of 400 selected common stocks of medium-size domestic companies. To pursue this goal, the fund generally is fully invested in stocks included in the Index, and in futures whose performance is tied to the Index. The fund attempts to have a correlation between its performance and that of the index of at least .95, before expenses.
Equity Risk: Equity funds are subject generally to market, market sector, market liquidity, issuer and investment style risks, among other factors, to varying degrees, all of which are more fully described in the fund's prospectus.
Indexing Strategy Risk: The fund uses an indexing strategy. It does not attempt to manage market volatility, use defensive strategies or reduce the effects of any long-term periods of poor stock performance.
Midsize Company Risk: Compared to larger, more established companies, midsize companies are subject to more erratic market movements and carry additional risks because their earnings tend to be less predictable and their stocks less liquid and more volatile.
Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus, or a summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.