Fund Goal and Approach
The fund seeks long-term capital growth. To pursue this goal, the fund normally invests at least 80% of its net assets in the stocks of companies included in the S&P MidCap 400 Index or the Russell Midcap Index at the time of purchase.
The portfolio managers select stocks through a "bottom-up" approach that seeks to identify undervalued securities using a quantitative screening process. This process is driven by a proprietary quantitative model that measures a diverse set of characteristics of stocks to identify and rank stocks.
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.
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.