Strategy. Under normal market conditions, the Portfolio invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of medium size companies (or financial instruments that derive their value from such securities). For purposes of this Portfolio, the Sub-Adviser considers medium size companies to include those companies whose market capitalizations at the time of purchase are within the capitalization range of the companies in the Russell 3000 Index, excluding the largest 100 such companies. The Sub-Adviser intends to manage the Portfolio so that its weighted capitalization falls within the capitalization range of the companies in the Russell Midcap Index. As of December 31, 2024, the market capitalizations of the companies in the Russell 3000 Index, excluding … Show more… Under normal market conditions, the Portfolio invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of medium size companies (or financial instruments that derive their value from such securities). For purposes of this Portfolio, the Sub-Adviser considers medium size companies to include those companies whose market capitalizations at the time of purchase are within the capitalization range of the companies in the Russell 3000 Index, excluding the largest 100 such companies. The Sub-Adviser intends to manage the Portfolio so that its weighted capitalization falls within the capitalization range of the companies in the Russell Midcap Index. As of December 31, 2024, the market capitalizations of the companies in the Russell 3000 Index, excluding the largest 100 such companies, and the Russell Midcap Index, ranged from approximately $9.12 million to $95.05 billion and approximately $355 million to $175 billion, respectively. The size of companies in an index changes with market conditions, which can result in changes to the market capitalization range of companies in an index. The Sub-Adviser looks for stocks of companies that it believes are undervalued at the time of purchase. The Sub-Adviser uses a value investment strategy that looks for companies that are temporarily out of favor in the market. The Sub-Adviser attempts to purchase the stocks of these undervalued companies and hold each stock until it has returned to favor in the market and the price has increased to, or is higher than, a level the Sub-Adviser believes more accurately reflects the fair value of the company. Companies may be undervalued due to market declines, poor economic conditions, actual or anticipated bad news regarding the issuer or its industry, or because they have been overlooked by the market. To identify these companies, the Sub-Adviser looks for companies with earnings, cash flows and/or assets that may not accurately reflect the companies value as determined by the Sub-Adviser. The Sub-Adviser also may consider whether the companies securities have a favorable income-paying history and whether income payments are expected to continue or increase. The Portfolio may invest a portion of its assets in foreign securities when these securities meet the Sub-Advisers standards of selection. The Portfolio also may invest in securities issued in initial public offerings (IPOs). The Sub-Adviser may sell stocks from the Portfolios portfolio if the Sub-Adviser believes a stock no longer meets its valuation criteria, a stocks risk parameters outweigh its return opportunity, more attractive alternatives are identified, or specific events alter a stocks prospects. Show less