Investment objective & strategy
As of Nov. 7, 2025 · prospectusStrategy. The Fund is classified as a diversified investment company, as defined in the Investment Company Act of 1940, as amended (the 1940 Act). However, the Fund may become non-diversified under the 1940 Act without the approval of shareholders solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Benchmark Index. A non-diversified fund generally invests a greater portion of its assets in a limited number of issuers relative to a diversified fund. The Fund is classified as a diversified investment company, as defined in the Investment Company Act of 1940, as amended (the 1940 Act). However, the Fund may become non-diversified under the 1940 Act without the approval of shareholders solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Benchmark Index. A non-diversified fund generally invests a greater portion of its assets in a limited number of issuers relative to a diversified fund.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $687.27M | 7.50% |
| APPLE INC | — | $604.26M | 6.59% |
| MICROSOFT CORP | — | $445.79M | 4.86% |
| AMAZON.COM INC | — | $329.96M | 3.60% |
| ALPHABET INC CL A | — | $271.50M | 2.96% |
| BROADCOM INC | — | $237.99M | 2.60% |
| ALPHABET INC CL C | — | $217.56M | 2.37% |
| META PLATFORMS INC CL A | — | $202.94M | 2.21% |
| TESLA INC | — | $169.52M | 1.85% |
| BERKSHIRE HATH-B | — | $142.51M | 1.55% |
Portfolio moves
Dec 31, 2025 → Mar 31, 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. |
|---|---|---|
| AVIP S&P 500 Index Portfolio | 99% | 0.38% |
| THRIVENT LARGE CAP INDEX PORTFOLIO | 99% | 0.23% |
| Victory S&P 500 Index Fund · MUXAX, MUXRX, MUXYX | 99% | 0.43% |
Advisers
| Firm | Role |
|---|---|
| Empower Capital Management, LLC | Adviser |
| IRISH LIFE INVESTMENT MANAGERS LIMITED | Sub-adviser |
Footnotes
- Expense ratio as of April 25, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 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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