The Mid Cap Growth portfolio is focused mid cap ideas. This approach seeks both stable and emerging growth companies within industries and sectors poised to benefit from global secular growth trends.

The Mid Cap portfolio underperformed the Russell Mid Cap Growth Index in Q3 by approximately -5.0% (-5.7% vs. -0.7%) on a gross basis and -5.2% (-5.9% vs. 0.7%) on net basis.

Energy and Healthcare were the two worst performing sectors within the benchmark and our exposure to those sectors hurt us in the quarter.

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