Investment objective & strategy
As of Dec. 29, 2025 · prospectusObjective. Capital appreciation.
Strategy. The Fund will invest, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of large capitalization (or cap) companies or in other investments with similar economic characteristics. The Fund defines large cap companies as companies whose market capitalizations typically fall within the range of the Russell 1000 Index. The market capitalization of the companies in large-cap market indices and the Funds portfolio changes over time. The Fund may invest up to 10% of its assets in the securities of foreign issuers that are not traded on a U.S. exchange or the U.S. over-the-counter market. The Fund may also lend portfolio securities to earn additional income. … The Fund will invest, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of large capitalization (or cap) companies or in other investments with similar economic characteristics. The Fund defines large cap companies as companies whose market capitalizations typically fall within the range of the Russell 1000 Index. The market capitalization of the companies in large-cap market indices and the Funds portfolio changes over time. The Fund may invest up to 10% of its assets in the securities of foreign issuers that are not traded on a U.S. exchange or the U.S. over-the-counter market. The Fund may also lend portfolio securities to earn additional income. Any income realized through securities lending may help Fund performance. The Fund employs a multi-manager strategy whereby portions of the Fund are allocated to professional money managers (each, a Sub-adviser, collectively, the Sub-advisers) who are responsible for investing the assets of the Fund.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $214.54M | 6.01% |
| MICROSOFT CORP | — | $176.04M | 4.93% |
| APPLE INC | — | $158.25M | 4.43% |
| AMAZON.COM INC | — | $144.07M | 4.03% |
| ALPHABET INC CL A | — | $106.78M | 2.99% |
| META PLATFORMS INC CL A | — | $91.87M | 2.57% |
| BROADCOM INC | — | $81.20M | 2.27% |
| ALPHABET INC CL C | — | $68.37M | 1.91% |
| JPMORGAN CHASE and CO | — | $53.60M | 1.50% |
| TESLA INC | — | $46.89M | 1.31% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| iShares Dow Jones U.S. ETF · IYY | 83% | 0.20% |
| VANGUARD RUSSELL 1000 INDEX FUND · VRNIX, VONE | 83% | 0.05% |
| iShares Russell 1000 ETF · IWB | 82% | 0.15% |
Advisers
| Firm | Role |
|---|---|
| ClearBridge Investments, LLC | Sub-adviser |
| Principal Global Investors, LLC | Sub-adviser |
| Blackrock Financial Management, INC | Sub-adviser |
| CONSULTING GROUP ADVISORY SERVICES LLC | Adviser |
| Great Lakes Advisors LLC | Sub-adviser |
Footnotes
- Expense ratio as of December 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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