Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in common stocks. J.P. Morgan Investment Management, Inc. (Sub-Adviser) applies an active equity management style focused on identifying attractively valued securities given their growth potential over a long-term time horizon. The securities held by the Fund will predominantly be of companies with market capitalizations similar to those within the universe of the Morningstar US Large-Mid Cap Broad Value Index ? (Index), which includes both large cap and mid cap companies. As of the reconstitution of the Index on December 31, 2024, the market capitalizations of the companies in the Index ranged from $1.755 trillion to $6.816 billion. The Fund … Show more… Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in common stocks. J.P. Morgan Investment Management, Inc. (Sub-Adviser) applies an active equity management style focused on identifying attractively valued securities given their growth potential over a long-term time horizon. The securities held by the Fund will predominantly be of companies with market capitalizations similar to those within the universe of the Morningstar US Large-Mid Cap Broad Value Index ? (Index), which includes both large cap and mid cap companies. As of the reconstitution of the Index on December 31, 2024, the market capitalizations of the companies in the Index ranged from $1.755 trillion to $6.816 billion. The Fund may sell a security for several reasons, including a change in the companys fundamentals or if the Sub-Adviser believes the security is no longer attractively valued. Investments may also be sold if the Sub-Adviser identifies a stock that it believes offers a better investment opportunity. While common stocks are the Funds primary investment, the Fund may also invest in real estate investment trusts (REITs) and depositary receipts. Depositary receipts are financial instruments representing a foreign companys publicly traded securities. A depositary receipt trades on a stock exchange in a country different from the companys local market. Derivatives, which are instruments that have a value based on another instrument, exchange rate or index, may be used as substitutes for securities in which the Fund can invest. To the extent the Fund uses derivatives, the Fund will primarily use futures contracts to more effectively gain targeted equity exposure from its cash positions. Show less