The investment seeks investment results that correspond generally to the price and yield performance of the Russell Midcap Value index.
The fund invests at least 90% of assets in the securities of the underlying index. It uses a representative sampling strategy in order to track the Russell Midcap Value index, which measures the performance of the mid-capitalization sector of the US equity market. The fund invests in those Russell Midcap index companies with lower price-to-book ratios and lower forecasted growth.