Strategy. Under normal market conditions, the Portfolio invests at least 80% of its net assets, plus borrowings for investment purposes, in common stocks. The Portfolio may invest in issuers of any market capitalization range and at times might increase its emphasis on securities of issuers in a particular capitalization range. Under normal market conditions, it is currently expected that the Portfolio will invest a substantial percentage of its assets in large capitalization issuers. The Portfolio may invest in other types of equity securities. The Sub-Adviser emphasizes a value style of investing, seeking well established, undervalued companies that have identifiable factors that might lead to improved valuations. In selecting securities for investment, the Sub-Adviser focuses primarily on a securitys potential for capital … Show more… Under normal market conditions, the Portfolio invests at least 80% of its net assets, plus borrowings for investment purposes, in common stocks. The Portfolio may invest in issuers of any market capitalization range and at times might increase its emphasis on securities of issuers in a particular capitalization range. Under normal market conditions, it is currently expected that the Portfolio will invest a substantial percentage of its assets in large capitalization issuers. The Portfolio may invest in other types of equity securities. The Sub-Adviser emphasizes a value style of investing, seeking well established, undervalued companies that have identifiable factors that might lead to improved valuations. In selecting securities for investment, the Sub-Adviser focuses primarily on a securitys potential for capital growth and income. The Sub-Adviser typically sells portfolio securities when (i) the target price of the investment has been realized and the Sub-Adviser no longer considers the company undervalued, (ii) a better value opportunity is identified, or (iii) research shows that the company is experiencing deteriorating fundamentals beyond the Sub-Advisers tolerable level and the trend is likely to be a long-term issue. The Portfolio may invest up to 25% of its net assets in securities of foreign issuers and depositary receipts, including up to 10% of its net assets in securities of issuers located in emerging markets. With respect to investments in foreign issuers, the Portfolio may enter into foreign currency transactions, including currency forward transactions, which are a type of derivative. The Portfolio may invest in futures contracts, which are also a type of derivative. The Portfolio may invest up to 10% of its total assets in real estate investment trusts (REITs). Show less