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Current 80% Investment Policy
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New 80% Investment Policy as of the
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Effective Date
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Under normal market conditions, the Portfolio
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Under normal circumstances, the Portfolio invests
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invests at least 80% of its net assets (plus
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at least 80% of its net assets (plus the amount of
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borrowings for investment purposes) in common
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any borrowings for investment purposes) in
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stock of mid-sized U.S. companies.
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investments tied to mid-capitalization companies.
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Current Disclosure
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Disclosure as of the Effective Date
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Under normal market conditions, the Portfolio
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Under normal circumstances, the Portfolio invests
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invests at least 80% of its net assets (plus
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at least 80% of its net assets (plus the amount of
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borrowings for investment purposes) in common
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any borrowings for investment purposes) in
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stock of mid-sized U.S. companies. The Portfolio
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investments tied to mid-capitalization companies.
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will provide shareholders with at least 60 days’
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For purposes of this 80% policy, mid-
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prior notice of any change in this investment
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capitalization companies means companies with
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policy.
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market capitalizations that fall within the
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capitalization range of companies within the
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The Portfolio normally invests in companies that
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Russell Midcap® Growth Index (the “Index”).
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the sub-adviser (the “Sub-Adviser”) believes have
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above average prospects for growth. For this
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Portfolio, the Sub-Adviser defines mid-sized
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companies as companies with market
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capitalizations that fall within the range of
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companies within the Russell Midcap® Growth
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Index (the “Index”) at the time of purchase.
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