Strategy. The Fund pursues its objective by investing primarily in the securities of mid-sized U.S. companies. The Fund, under normal conditions, will invest at least 80% of its assets in securities that comprise its benchmark index and in stock index futures contracts that provide exposure to the stocks of companies in the Funds benchmark index. When evaluating the Funds performance, the S&P MidCap 400 Index* is used as the benchmark. The S&P MidCap 400 Index is composed of four hundred (400) selected stocks, all of which are listed on national stock exchanges, and span a broad range of major industry groups. The 400 stocks comprised by the Index represented approximately six percent (6%) of the market value of the U.S. equities … Show more… The Fund pursues its objective by investing primarily in the securities of mid-sized U.S. companies. The Fund, under normal conditions, will invest at least 80% of its assets in securities that comprise its benchmark index and in stock index futures contracts that provide exposure to the stocks of companies in the Funds benchmark index. When evaluating the Funds performance, the S&P MidCap 400 Index* is used as the benchmark. The S&P MidCap 400 Index is composed of four hundred (400) selected stocks, all of which are listed on national stock exchanges, and span a broad range of major industry groups. The 400 stocks comprised by the Index represented approximately six percent (6%) of the market value of the U.S. equities market. The S&P MidCap 400 Index is designed to measure the performance of 400 mid-sized companies in the U.S. Stocks in the S&P MidCap 400 Index are weighted according to their free-floating market capitalization (the number of shares outstanding and eligible to be traded, multiplied by the stocks current price). As of March 31, 2025, the market capitalization range of the S&P MidCap 400 Index was $1.88 billion to $25.8 billion. The Fund may not necessarily invest in every security in the S&P MidCap 400 Index if it is not practical to do so under the circumstances (such as when the transaction costs are too high, there is a liquidity issue, or there is a pending corporate action). The Fund may invest in stock index futures as a substitute for a comparable market position in the securities underlying the S&P MidCap 400 Index. An index futures contract commits one party to sell and the other party to buy a stipulated quantity of a market index at a set price on or before a given date. This tactic can reduce the costs associated with direct investing. It also allows the Fund to approach the returns of a fully invested portfolio while keeping cash on hand, either in anticipation of shareholder redemptions or because the Fund has not yet invested new shareholder money. * The S&P MidCap 400 Index is a product of S&P Dow Jones Indices LLC or its affiliates (SPDJI), and has been licensed for use by the investment adviser on behalf of the Fund. Standard & Poors and S&P are registered trademarks of Standard & Poors Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by the investment adviser on behalf of the Fund. The Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P MidCap 400 Index. Show less