Investment objective & strategy
As of Nov. 19, 2025 · prospectusStrategy. The Fund may operate as a non-diversified fund, as defined under the Investment Company Act of 1940 (1940 Act), to the approximate extent the Index is non-diversified. The Fund may therefore operate as non-diversified solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. A non-diversified fund can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the share price of a non-diversified fund than would occur in a more diversified fund. The Fund may operate as a non-diversified fund, as defined under the Investment Company Act of 1940 (1940 Act), to the approximate extent the Index is non-diversified. The Fund may therefore operate as non-diversified solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. A non-diversified fund can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the share price of a non-diversified fund than would occur in a more diversified fund.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $175.18M | 7.50% |
| APPLE INC | — | $154.02M | 6.60% |
| MICROSOFT CORP | — | $113.62M | 4.87% |
| AMAZON.COM INC | — | $84.10M | 3.60% |
| ALPHABET INC CL A | — | $69.20M | 2.96% |
| BROADCOM INC | — | $60.66M | 2.60% |
| ALPHABET INC CL C | — | $55.45M | 2.37% |
| META PLATFORMS INC CL A | — | $51.73M | 2.21% |
| TESLA INC | — | $43.22M | 1.85% |
| BERKSHIRE HATH-B | — | $36.32M | 1.56% |
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. |
|---|---|---|
| THRIVENT LARGE CAP INDEX PORTFOLIO | 99% | 0.23% |
| Victory S&P 500 Index Fund · MUXAX, MUXRX, MUXYX | 99% | 0.43% |
| AVIP S&P 500 Index Portfolio | 99% | 0.38% |
Advisers
| Firm | Role |
|---|---|
| Principal Global Investors, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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