p id="xdx_A88_eoef--StrategyNarrativeTextBlock_zIZGiQkCvWSb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"span id="xdx_90A_eoef--StrategyPortfolioConcentration_c20260225__20260225__dei--LegalEntityAxis__custom--S000079834Member_zaV7vXR6ab47"The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities./span Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy./p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"span style="-sec-ix-redline: true"The fund takes a core approach to stock selection, which does not emphasize either a growth or value style of investing. The fund may purchase the stocks of companies of any size, but typically focuses on large U.S. companies. The portfolio is typically constructed in a “bottom up” manner, an approach that focuses more on evaluations of individual stocks than on analysis of overall economic trends and market cycles. In selecting stocks, the adviser evaluates a number of characteristics about the companies, such as management, risk-adjusted return potential, market position, and/or stock valuation./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"span style="-sec-ix-redline: true"Sector allocations are largely the result of the fund’s focus on stock selection. At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the information technology sector./span/p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0" /p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"The fund is nondiversified, which means it may invest a greater percentage of its assets in a particular issuer than is permissible for a diversified fund./p p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0" /p