Strategy. The Fund seeks to achieve its objective by investing primarily in the common stock of large-cap U.S. companies. The Funds investment advisers (Adviser) investment strategy utilizes a large-cap approach by selecting most of its investments from companies listed in the Russell 1000 Index, an index that measures the performance of those companies within the large-cap segment of the U.S. equity universe, which includes the 1,000 largest U.S. companies by market capitalization. The Fund considers large-cap companies to be those within the range of companies listed in the Russell 1000 Index. As of February 28, 2025, companies in the Russell 1000 Index ranged in market capitalization from $0.1 billion to $3.6 trillion. As more fully described in this Prospectus, the Funds … Show more… The Fund seeks to achieve its objective by investing primarily in the common stock of large-cap U.S. companies. The Funds investment advisers (Adviser) investment strategy utilizes a large-cap approach by selecting most of its investments from companies listed in the Russell 1000 Index, an index that measures the performance of those companies within the large-cap segment of the U.S. equity universe, which includes the 1,000 largest U.S. companies by market capitalization. The Fund considers large-cap companies to be those within the range of companies listed in the Russell 1000 Index. As of February 28, 2025, companies in the Russell 1000 Index ranged in market capitalization from $0.1 billion to $3.6 trillion. As more fully described in this Prospectus, the Funds investments primarily include the following: equity securities of domestic issuers and real estate investment trusts (REITs). As the Funds sector exposure approximates the Russell 1000 Index, the Fund may, from time to time, have large allocations to certain broad market sectors, such as information technology, financials and healthcare. Although the Funds investments are primarily selected from companies listed in the Russell 1000 Index, the Fund is not designed to track the overall composition or returns of the Russell 1000 Index and the Adviser actively manages the Funds investment strategy using the Funds quantitative model. The Adviser implements its strategy using a quantitative model driven by fundamental and technical stock selection variables. This process seeks to impose strict discipline over stock selection, unimpeded by market or manager psychology. It seeks to maximize compound annual return while controlling risk. The process also takes into account trading costs in an effort to ensure that trades are generated only to the extent they are expected to be profitable on an after-trading-cost basis. Additionally, risk is controlled through diversification constraints which limit exposure to individual companies as well as groups of correlated companies. The Advisers stock selection process is expected to result in investments in companies with both growth and value characteristics. The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in large-cap companies. For purposes of this policy, large-cap companies will be defined as companies with market capitalizations within the range of companies in the Russell 1000 Index. The Fund will notify shareholders at least 60 days in advance of any change in its investment policies to normally invest less than 80% of its net assets (plus any borrowings for investment purposes) in large-cap companies. The Fund actively trades its portfolio securities in an attempt to achieve its investment objective. Active trading will cause the Fund to have an increased portfolio turnover rate and increase the Funds trading costs, which may have an adverse impact on the Funds performance. An active trading strategy will likely result in the Fund generating more short-term capital gains or losses. Short-term gains are generally taxed at a higher rate than long-term gains. Any short-term losses are used first to offset short-term gains. Show less