Fund Goal and Approach
The fund seeks to surpass the performance of the Russell Midcap ® Value Index. To pursue this goal, the fund normally invests at least 80% of its net assets in midcap stocks with market capitalizations between $1 billion and $25 billion at the time of purchase. The fund may continue to hold a security whose market capitalization grows in excess of $25 billion. The fund's stock investments may include common stocks, preferred stocks and convertible securities.
Diversification Risk: Diversification and asset allocation cannot ensure a profit or protect against loss of principal.
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.
Foreign Investment Risk: To the extent the fund invests in foreign securities, its performance will be influenced by political, social and economic factors affecting investments in foreign companies. These special risks include exposure to currency fluctuations, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political instability, and differing auditing and legal standards.
Small/Mid Cap Company Risk: Small and midsize companies carry additional risks because their earnings and revenues tend to be less predictable and their share prices more volatile than those of larger, more established companies. The shares of smaller companies tend to trade less frequently than those of larger, more established companies.
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.