Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of large market capitalization companies that the Fund considers to have growth characteristics. The Fund considers large market capitalization companies to be those with market capitalizations within the market capitalization range of the companies in the Russell 1000 Index . The Russell 1000 Index measures the performance of approximately 1,000 of the largest ?U.S. companies based on total market capitalization. As of December 31, 2024, the Russell 1000 Index consisted of companies with market capitalizations of $351.6 million and greater. The Fund considers a company to have growth characteristics if it is a constituent of … Show more… Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of large market capitalization companies that the Fund considers to have growth characteristics. The Fund considers large market capitalization companies to be those with market capitalizations within the market capitalization range of the companies in the Russell 1000 Index . The Russell 1000 Index measures the performance of approximately 1,000 of the largest ?U.S. companies based on total market capitalization. As of December 31, 2024, the Russell 1000 Index consisted of companies with market capitalizations of $351.6 million and greater. The Fund considers a company to have growth characteristics if it is a constituent of the Russell 1000 Growth Index. The Russell 1000 Growth Index includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The Funds sub-advisor, Numeric Investors LLC (Numeric), uses a proprietary model-driven quantitative approach to select equity securities (typically common stocks) of companies that have, in its opinion, attractive valuations, positive long-term growth characteristics, sustainable competitive advantages, relatively benign competitive environments, and favorable industry dynamics. In seeking to achieve this goal, stocks are selected from the universe using a balance of proprietary quantitative models that blend fundamental investment concepts with other uncorrelated drivers of stock returns to aid in forecasting a companys long term business prospects. A discretionary overlay based on fundamental research supplements the quantitative models to verify data, validate assumptions, and incorporate any insights that may not be picked up by the models. The discretionary overlay is expected to operate only to exclude stocks from the portfolio that have been recommended by the models. The overlay will not identify stocks for investment outside of the models. Based on statistically driven rules in the quantitative models, securities are sold in Numerics discretion for various reasons, including, without limitation, when they fall into the bottom 50% of the stock selection universe, the reasons for selecting the stock are no longer valid, or when necessary to maintain the risk profile of the overall Fund. Subject to the Funds 80% investment policy stated above, Numeric will not necessarily sell a stock if it migrates outside the market capitalization range of the Russell 1000 Index after purchase or if a stock is no longer a constituent of the Russell 1000 Growth Index . As a result, the Fund may invest in stocks that are no longer large-cap growth stocks, including stocks of mid-capitalization companies and stocks that exhibit value characteristics. ? The Fund invests in a diversified portfolio of common stocks that are listed on the New York Stock Exchange, NYSE American, or ?Nasdaq. Numerics investment process incorporates environmental, social and/or governance (ESG) analysis as a consideration in the assessment of potential portfolio investments. However, as ESG information is just one investment consideration, ESG considerations are not solely determinative in any investment decision made. In addition, Numeric does not use ESG considerations to limit, restrict or otherwise exclude companies or sectors from the Funds investment universe. Numeric may use ESG research and/or ratings information provided by one or more third parties in performing this analysis and considering ESG risks. Although the Fund seeks investments across a number of sectors, from time to time, the Fund may have significant positions in particular sectors, including the Information Technology sector. However, as the sector composition of the Funds portfolio changes over time, the Funds exposure to the Information Technology sector may be lower at a future date, and the Funds exposure to other market sectors may be higher. The Fund may invest cash balances in a government money market fund advised by the Manager, with respect to which the Manager receives a management fee. The Fund also may purchase and sell equity index futures contracts to gain market exposure on cash balances or reduce market exposure in anticipation of liquidity needs. The Fund may seek to earn additional income by lending its securities to certain qualified broker-dealers and institutions. Show less