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.
Individuals seeking a moderately aggressive approach to building capital who are willing to incur the risks associated with investments in mid-cap stocks. Appropriate for both regular and tax-deferred accounts, such as IRAs.
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.
* Funds are placed in general risk/return categories based on their 10-year standard deviation
(as of December 2015) or, for newer funds, the standard deviation of the types of securities
in which they invest. There is no assurance past trends will continue.
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.