Strategy. Under normal circumstances, this Fund invests at least 80% of its assets in common stock. The sub-adviser focuses primarily on large-capitalization companies, emphasizing a value style of investing. The sub-adviser generally considers a company to be a large-capitalization company if the company has a market capitalization within the range of companies included in the Russell 1000 Value Index, which measures the performance of the large-capitalization value segment of the U.S. equity universe. As of December 31, 2024, the market capitalization range of the Russell 1000 Value Index was approximately $351.6 million to $977.5 billion. As of December 31, 2024, the weighted average market capitalization of the Fund was approximately $260.4 billion. The Fund may also invest in the equity securities … Show more… Under normal circumstances, this Fund invests at least 80% of its assets in common stock. The sub-adviser focuses primarily on large-capitalization companies, emphasizing a value style of investing. The sub-adviser generally considers a company to be a large-capitalization company if the company has a market capitalization within the range of companies included in the Russell 1000 Value Index, which measures the performance of the large-capitalization value segment of the U.S. equity universe. As of December 31, 2024, the market capitalization range of the Russell 1000 Value Index was approximately $351.6 million to $977.5 billion. As of December 31, 2024, the weighted average market capitalization of the Fund was approximately $260.4 billion. The Fund may also invest in the equity securities of companies with medium market capitalizations (mid-capitalization companies). In selecting investments for the Fund, the sub-adviser looks for companies whose stock price it believes may not adequately reflect the companys value. The sub-adviser attempts to purchase the stocks of these undervalued companies and hold each stock until the price has increased to, or is higher than, a level the sub-adviser believes more accurately reflects the fair value of the company. The sub-adviser uses a variety of analytical research tools and techniques to help it make decisions about buying or holding securities of companies that meet its investment criteria and selling the securities of companies that do not. 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 sub-adviser may sell stocks it believes no longer meets its valuation criteria. The Fund may lend its portfolio holdings to certain financial institutions. Show less