Mid-Cap
Core

MM S&P Mid Cap Index Fund

The fund seeks to replicate total return performance of the benchmark index before fees and expenses by investing in mid-size companies in the United States.

The sub-advisor’s investment process starts with a list of companies in the benchmark index and the research team uses quantitative techniques and fundamental analysis to narrow the list of investable companies.

The process uses a passive investing style to replicate the composition of the benchmark index.

The sub-advisor has the flexibility to buy and sell securities in response to changes in the index, and may use Index futures contracts to gain exposure to the index in lieu of investing in cash, or to reduce its exposure to the index while it sells the securities in its portfolio.

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