| Investment Objective: |
The Fund's investment objective is to seek long-term capital appreciation. The Fund's sub-adviser, Intech Investment Management LLC (the "Sub-Adviser" or "Intech"), primarily invests the Fund's assets in common stocks of companies included in the S&P 1000 Index (the "Index"), which combines the S&P Mid Cap 400 Index and the S&P SmallCap 600 Index. Intech uses a quantitative process to construct a portfolio that seeks to outperform the Index (i.e., produce "alpha") by improving diversification relative to the Index seeking more balanced contributions of risk and return and systematically rebalancing the portfolio. Under normal market circumstances, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in small and mid-cap U.S. companies. The Fund considers U.S. companies to be small-cap or mid-cap if they are included in the then current market capitalization range of the S&P 1000 Index. As of January 31, 2025, the market capitalizations of companies in the S&P 1000 Index ranged between $373.5 million and $26.7 billion. |
