Industry description
The investment seeks to maximize total return.
The fund invests primarily in equity securities of issuers included in the Russell 1000 ® ValueIndex ("index"). The sub-adviser ("Sub-Adviser") seeks to maximize total return to the extent consistent with maintaining lower volatility than the index. Volatility generally measures how much a fund's returns have varied over a specified time frame. The fund may invest in derivative instruments including, but not limited to, index futures. It typically uses derivatives as a substitute for purchasing securities included in the index or for the purpose of maintaining equity market exposure on its cash balance.