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Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in common stocks. The Sub-Adviser applies an active equity management style focused on identifying attractively valued securities given their growth potential over a long-term time horizon. The fund may sell a security for several reasons, including a change in the company’s fundamentals or if the Sub-Adviser believes the security is no longer attractively valued.