Strategy. A portion of the Portfolios total assets is indexed and a portion is actively managed. Approximately 60% of the Portfolios total assets are invested in the 3,000 common stocks included in the Russell 3000 Index to replicate to the extent practicable and cost effective, the weightings of such stocks in the Index with respect to that 60% of the Portfolios total assets. The components of the Index are market capitalization weighted, adjusted for free float, which is the value of shares readily available in the market as held by public investors. The indexed portion of the Portfolio is rebalanced at approximately the same time that the Russell 3000 Index to which that portion of the Portfolio is benchmarked is rebalanced … Show more… A portion of the Portfolios total assets is indexed and a portion is actively managed. Approximately 60% of the Portfolios total assets are invested in the 3,000 common stocks included in the Russell 3000 Index to replicate to the extent practicable and cost effective, the weightings of such stocks in the Index with respect to that 60% of the Portfolios total assets. The components of the Index are market capitalization weighted, adjusted for free float, which is the value of shares readily available in the market as held by public investors. The indexed portion of the Portfolio is rebalanced at approximately the same time that the Russell 3000 Index to which that portion of the Portfolio is benchmarked is rebalanced and reconstituted, which currently occurs on the third Friday of the last month of each quarter. Approximately 40% of the Portfolios total assets are actively managed by the Adviser, with approximately 20% of the Portfolios total assets invested in large and mid-cap growth and value stocks, approximately 10% invested in small-cap growth stocks and approximately 10% in small-cap value stocks. The Adviser generally invests in stocks that it considers undervalued, or to have attractive growth potential, and with the potential for investment returns that outperform their peer companies, based on bottom-up fundamental company research, including analysis of business models, financial statements, measures of earnings and cash flow, and potential for long-term growth in sales and cash flow. Under normal circumstances, at least 80% of the Portfolios total assets are invested in securities of companies that are listed or principally traded on a United States stock exchange. Show less