Strategy. Under normal circumstances, this Fund invests at least 80% of its assets in securities of companies with large market capitalizations included in the Funds applicable benchmark index, including instruments representative of that index (such as derivatives). The securities in the Funds applicable benchmark are those that are included in the Russell 1000 Value Index. The Russell 1000 Value Index measures the performance of the large-capitalization value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. 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 … Show more… Under normal circumstances, this Fund invests at least 80% of its assets in securities of companies with large market capitalizations included in the Funds applicable benchmark index, including instruments representative of that index (such as derivatives). The securities in the Funds applicable benchmark are those that are included in the Russell 1000 Value Index. The Russell 1000 Value Index measures the performance of the large-capitalization value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. 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 $171.2 billion. The sub-adviser principally invests in common stock. The Fund will generally hold substantially all of the stocks in the index in approximately the same proportions as their weightings in the index. The Fund will not concentrate, except to the same approximate extent as its index may concentrate, in the securities of a particular industry or group of industries (also known as a sector). As of December 31, 2024, a significant portion of the Fund is represented by securities of companies in the Financial sector. The weightings of the Fund are likely to change over time as the composition of the index changes over time. The Fund will not deviate from the above noted strategies at any time for any reason. The Fund may become non-diversified, as defined under the Investment Company Act of 1940 Act, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the index. The Fund may lend its portfolio holdings to certain financial institutions. Show less