Strategy. The Principal Investment Strategies subsection will be deleted in its entirety and replaced with the following: Under normal circumstances, this Fund invests at least 80% of its assets in small-capitalization equity securities. The sub-adviser generally considers a company to be a small-capitalization company if the company has a market capitalization within the range of companies included in the Russell 2000 Growth Index (which measures the performance of the small-capitalization growth segment of the U.S. equity universe) at the time of investment. As of March 31, 2025, the market capitalization range of the Russell 2000 Growth Index was approximately $1.2 million to $15.4 billion. As of March 31, 2025, the weighted average market capitalization of the Fund was approximately $6.3 billion. … Show more… The Principal Investment Strategies subsection will be deleted in its entirety and replaced with the following: Under normal circumstances, this Fund invests at least 80% of its assets in small-capitalization equity securities. The sub-adviser generally considers a company to be a small-capitalization company if the company has a market capitalization within the range of companies included in the Russell 2000 Growth Index (which measures the performance of the small-capitalization growth segment of the U.S. equity universe) at the time of investment. As of March 31, 2025, the market capitalization range of the Russell 2000 Growth Index was approximately $1.2 million to $15.4 billion. As of March 31, 2025, the weighted average market capitalization of the Fund was approximately $6.3 billion. The sub-adviser focuses on investing the Funds assets, under normal circumstances, in companies that are considered by the sub-adviser to be positioned for long-term growth (growth companies). The sub-adviser normally invests the Funds assets across different groups of industries/sectors, but may invest a significant percentage of the Funds assets in issuers in a single sector at its investment discretion in seeking the investment goal of the Fund. As of December 31, 2024, a significant portion of the Fund is represented by securities of companies in the Consumer Non-Cyclical sector. The Funds fundamental equity growth investment process involves evaluating potential investments based on specific characteristics believed to indicate a high-quality business with sustainable growth, including strong business franchises, favorable long-term prospects, and excellent management. The sub-adviser will also consider the valuation of companies when determining whether to buy and/or sell securities. The sub-adviser may decide to sell a position for various reasons, including when a companys fundamental outlook deteriorates because of valuation and price considerations, for risk management purposes, when a company is deemed to be misallocating capital, or if a company no longer fits within the Funds definition of a small-cap company. The Fund may lend its portfolio holdings to certain financial institutions. Show less