Investment objective & strategy
As of Nov. 25, 2025 · prospectusObjective. The investment objective of the Fund is to provide investment results that correspond to the price and yield performance of the S&P 500 Index .
Strategy. The Fund intends under normal circumstances to invest over 80% of its investable assets in securities included in the S&P 500 Index in approximately the same proportions as those of the S&P 500 Index. The S&P 500 Index is an unmanaged index of over 500 stocks of large U.S. public companies. It gives a broad look at how large company stocks in the United States have performed. The term investable assets in this Prospectus refers to the Fund's net assets plus any borrowings for investment purposes. The Fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The Fund attempts to replicate the … The Fund intends under normal circumstances to invest over 80% of its investable assets in securities included in the S&P 500 Index in approximately the same proportions as those of the S&P 500 Index. The S&P 500 Index is an unmanaged index of over 500 stocks of large U.S. public companies. It gives a broad look at how large company stocks in the United States have performed. The term investable assets in this Prospectus refers to the Fund's net assets plus any borrowings for investment purposes. The Fund's investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The Fund attempts to replicate the security composition of the S&P 500 Index by holding each stock in the S&P 500 Index in about the same proportion as represented in the Index itself. The Fund employs a passively managedor indexinvestment approach. The Fund is not actively managed by portfolio managers who buy and sell securities based on research and analysis. The Funds subadviser will try to minimize the difference between the investment results of the Fund and that of the S&P 500 Index. At times, the Fund may have a significant portion of its assets invested in the same economic sector.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $61.48M | 7.44% |
| APPLE INC | — | $54.05M | 6.54% |
| MICROSOFT CORP | — | $39.86M | 4.82% |
| AMAZON.COM INC | — | $29.51M | 3.57% |
| ALPHABET INC CL A | — | $24.27M | 2.94% |
| BROADCOM INC | — | $21.29M | 2.58% |
| ALPHABET INC CL C | — | $19.46M | 2.35% |
| META PLATFORMS INC CL A | — | $18.15M | 2.20% |
| TESLA INC | — | $15.16M | 1.83% |
| BERKSHIRE HATH-B | — | $12.76M | 1.54% |
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. |
|---|---|---|
| JNL S&P 500 Index Fund | 98% | 0.09% |
| S&P 500 Index Master Portfolio | 98% | — |
| Schwab S&P 500 Index Portfolio · SWP1Z | 98% | 0.03% |
Footnotes
- Expense ratio as of November 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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