Strategy. Normally, the Portfolio invests at least 80% of net assets (plus any borrowings for investment purposes) in securities of large-capitalization companies. The Portfolio defines large-capitalization companies as those with a market capitalization in excess of $5 billion. The Portfolio invests primarily in securities of U.S. companies. The Portfolio may also invest up to 20% of its net assets in common stocks of foreign issuers, and may hold American Depositary Receipts (ADRs). The Portfolio may also invest in real estate investment trusts (REITs) and mid capitalization companies. In managing the Portfolio, the adviser employs a three-step process that combines a blend of growth-focused research, valuation and stock selection. The adviser takes an in-depth look at company prospects, which is designed to … Show more… Normally, the Portfolio invests at least 80% of net assets (plus any borrowings for investment purposes) in securities of large-capitalization companies. The Portfolio defines large-capitalization companies as those with a market capitalization in excess of $5 billion. The Portfolio invests primarily in securities of U.S. companies. The Portfolio may also invest up to 20% of its net assets in common stocks of foreign issuers, and may hold American Depositary Receipts (ADRs). The Portfolio may also invest in real estate investment trusts (REITs) and mid capitalization companies. In managing the Portfolio, the adviser employs a three-step process that combines a blend of growth-focused research, valuation and stock selection. The adviser takes an in-depth look at company prospects, which is designed to provide insight into a companys real growth potential (e.g., sales, revenue, or earnings growth that may outpace peer averages or the overall market). The research findings allow the adviser to rank the companies in each sector according to their relative value (i.e., ranking companies from most- to least-undervalued by the market in the advisers assessment). Following the growth- and value-based assessments, the adviser seeks to outperform the benchmark through superior stock selection. As part of its investment process, the adviser seeks to assess the impact of environmental, social and governance (ESG) factors on many issuers in the universe in which the Portfolio invests. The advisers assessment is based on an analysis of key opportunities and risks across industries to seek to identify financially material issues with respect to the Portfolios investments in securities and ascertain key issues that merit engagement with issuers. These ESG factor assessments may not be conclusive and securities of issuers may be purchased and retained by the Portfolio for reasons other than material ESG factors while the Portfolio may divest or not invest in securities of issuers that may be positively impacted by such factors. Examples of ESG factors which may be considered (which are provided for illustrative purposes only, are not exhaustive and may not be relevant to a particular investment) are climate change risk, human capital management and executive compensation. The advisers ESG integration approach does not change the Portfolios investment objective, exclude specific types of industries or companies or limit the Portfolios investable universe. The Portfolio is not designed for investors who wish to screen out particular types of companies or investments or are looking for funds that meet specific ESG goals. Further, the Portfolio may hold and maintain large positions in a single or small number of securities as a result of the advisers investment strategy. On behalf of the Portfolio, the adviser then buys and sells equity securities, using the research and valuation rankings as a basis. In general, the adviser buys equity securities that are identified as attractively valued and considers selling them when they appear to be overvalued. Along with attractive valuation, the adviser often considers a number of other criteria: catalysts that could trigger a rise in a stocks price high potential reward compared to potential risk temporary mispricing caused by apparent market overreactions Show less