The investment objective is to provide long-term capital appreciation by investing primarily in mid-size companies believed to be undervalued.
The fund will invest at least 80% of net assets in companies whose market capitalization falls within the range of companies in the S&P MidCap 400 Index or the Russell Midcap Value Index. The fund follows a value approach, seeking to identify companies whose stock prices do not appear to reflect their underlying values.
Click on the risk/reward spectrum below to view the funds in that category
Mid-caps typically offer greater return potential than larger established firms and involve less risk than small-caps. By investing in stocks that already appear to be out of favor or undervalued, the fund should be less volatile than one investing in growth stocks. If, as the manager expects, the underpriced holdings regain favor in the marketplace, their stock prices will rise--providing capital appreciation opportunities.
Earnings of mid-caps tend to fluctuate more than those of larger firms, and small-caps could offer greater return potential. In addition, the value approach carries the risk that a security's intrinsic value may not be recognized for a long time, or the stock may actually be appropriately priced.
* Annually we evaluate the standard deviation of each US mutual fund listed and its resulting placement within specific risk/return categories.
Methodology: If a fund is at least 5 year old, it is generally placed in risk/return categories based on the standard deviation of its performance for the longest period of its calendar year returns;
the longest time period used for analysis is 10 years (regardless of the fund's inception). If a fund is less than 5 years old, we generally use the fund's primary benchmark disclosed in its prospectus as a proxy and follow the same process of using 10-year standard deviation of the benchmark,
or longest time period available. The firm at its sole discretion may show a fund in a higher risk category based on qualitative or other factors that may differ from this methodology.
See Glossary for additional details on all data elements.
The mutual funds referred to in this website are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. Download a prospectus.