Investment objective & strategy
As of April 24, 2025 · prospectusObjective. This Fund seeks long-term total return and current income.
Strategy. Principal Investment Strategies The Fund invests primarily in equity securities of issuers that the Funds subadviser, Barrow, Hanley, Mewhinney & Strauss, LLC (Barrow Hanley), believes are undervalued. Equity securities may include common stocks, preferred stocks, securities convertible into common or preferred stocks, rights, and warrants. Although the Fund may invest in companies of any size, the Fund will tend to focus on companies with large market capitalizations (which Barrow Hanley believes are generally above $2 billion). The Fund may invest up to 20% of its total assets in the securities of foreign issuers and American Depositary Receipts (ADRs), including emerging market securities. The Fund may at times invest a substantial portion of its assets in obligations of issuers in one … Principal Investment Strategies The Fund invests primarily in equity securities of issuers that the Funds subadviser, Barrow, Hanley, Mewhinney & Strauss, LLC (Barrow Hanley), believes are undervalued. Equity securities may include common stocks, preferred stocks, securities convertible into common or preferred stocks, rights, and warrants. Although the Fund may invest in companies of any size, the Fund will tend to focus on companies with large market capitalizations (which Barrow Hanley believes are generally above $2 billion). The Fund may invest up to 20% of its total assets in the securities of foreign issuers and American Depositary Receipts (ADRs), including emerging market securities. The Fund may at times invest a substantial portion of its assets in obligations of issuers in one or more market, economic, or industry sectors. The Fund may hold a portion of its assets in cash or cash equivalents. Barrow Hanley employs a value-based investment approach and may perform a number of analyses in considering whether to buy or sell a security for the Fund. In selecting investments for the Fund, Barrow Hanley typically seeks to exploit market inefficiencies by using proprietary research to identify primarily large-capitalization companies that it considers to be undervalued and to have the potential to generate superior returns while subjecting the Fund to below average levels of risk. Barrow Hanley typically invests in approximately 75 100 securities. Barrow Hanley may consider selling a stock for the Fund if, in its judgment, the security has reached its valuation target, the companys fundamentals begin to deteriorate, or other opportunities appear more attractive.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MERCK & CO | — | $4.23M | 3.27% |
| CHEVRON CORP | — | $4.15M | 3.21% |
| ENTERGY CORP | — | $3.25M | 2.51% |
| PINNACLE WEST CAPITAL CORP | — | $3.14M | 2.43% |
| XCEL ENERGY INC | — | $3.11M | 2.41% |
| AIR PRODUCTS and CHEMICALS INC | — | $3.07M | 2.37% |
| PROLOGIS INC REIT | — | $3.00M | 2.32% |
| PHILLIPS 66 | — | $2.96M | 2.29% |
| Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | $2.85M | 2.20% |
| JOHNSON CONTROLS INTERNATIONAL PLC | — | $2.67M | 2.06% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| 1290 VT Equity Income Portfolio | 67% | 0.70% |
| Barrow Hanley US Value Opportunities Fund · BVOIX | 61% | 0.70% |
| Touchstone Strategic Trust-Touchstone Value Fund · TVLAX, TVLCX, TVLIX, TVLYX, TVLRX | 48% | 0.63% |
Advisers
| Firm | Role |
|---|---|
| Barrow, Hanley, Mewhinney & Strauss, LLC | Sub-adviser |
| MML Investment Advisers, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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