Q3 2025 Stock Selection Increased Returns And Market Share Gains

Core Insights - The Mid Cap Value portfolio experienced a gain of 1.70% in Q3 2025, underperforming compared to the Russell Midcap® Value Index, which increased by 6.18% [2] Performance Analysis - The portfolio's performance was primarily affected by stock selection, indicating that specific investment choices did not yield favorable results compared to the benchmark [2]