Investment objective & strategy
As of Dec. 5, 2025 · prospectusObjective. Seeks total return approximating that of the Standard & Poors 500 Index (the Index) at a risk level consistent with that of the Index.
Strategy. Under normal circumstances, the Portfolio invests more than 80% of its net assets (plus borrowings for investment purposes, if any) in the common stocks and other securities of companies that are included in the Index. In seeking to track the Index, the Adviser and sub-adviser attempt to allocate the Portfolios investments among stocks in approximately the same weightings as the Index. The Portfolio is rebalanced periodically to reflect changes in the Index. The Portfolio may buy and sell Index futures contracts in furtherance of its strategy. The Portfolio attempts to replicate the performance of the Index. However, Portfolio expenses reduce the Portfolios ability to exactly track the Index. There can be no assurance that the Portfolios investments will have the … Under normal circumstances, the Portfolio invests more than 80% of its net assets (plus borrowings for investment purposes, if any) in the common stocks and other securities of companies that are included in the Index. In seeking to track the Index, the Adviser and sub-adviser attempt to allocate the Portfolios investments among stocks in approximately the same weightings as the Index. The Portfolio is rebalanced periodically to reflect changes in the Index. The Portfolio may buy and sell Index futures contracts in furtherance of its strategy. The Portfolio attempts to replicate the performance of the Index. However, Portfolio expenses reduce the Portfolios ability to exactly track the Index. There can be no assurance that the Portfolios investments will have the desired effect. The Portfolio may not always hold the same securities as the Index and therefore statistical sampling techniques may be used to attempt to track the returns of the Index. The Indexs stock weighting is by market capitalization (i.e. size). Rebalancing is set by the Index vendor, which tends to be quarterly. The Portfolio attempts to hold approximately the same number of stocks as are in the Index. The market capitalization of the Index as of March 31, 2025 ranged from $5.31 billion to $3.34 trillion. The portfolio managers will sell a security in order to adjust the Portfolio to changes in the composition of the Index.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $82.73M | 7.50% |
| APPLE INC | — | $72.74M | 6.60% |
| MICROSOFT CORP | — | $53.67M | 4.87% |
| AMAZON.COM INC | — | $39.72M | 3.60% |
| ALPHABET INC CL A | — | $32.68M | 2.96% |
| BROADCOM INC | — | $28.65M | 2.60% |
| ALPHABET INC CL C | — | $26.19M | 2.38% |
| META PLATFORMS INC CL A | — | $24.43M | 2.22% |
| TESLA INC | — | $20.41M | 1.85% |
| BERKSHIRE HATH-B | — | $17.16M | 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 | 100% | 0.23% |
| Victory S&P 500 Index Fund · MUXAX, MUXRX, MUXYX | 100% | 0.43% |
| CYBER HORNET S&P 500 · INDEX | 100% | 0.25% |
Advisers
| Firm | Role |
|---|---|
| Geode Capital Management, LLC | Sub-adviser |
| CONSTELLATION INVESTMENTS INC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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