Investment objective & strategy
As of April 16, 2025 · prospectusObjective. The Portfolio seeks investment results that correspond to the total return performance (reflecting reinvestment of dividends) of common stocks in the aggregate as represented by the S&P 500 Index.
Strategy. The Portfolio normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in stocks as represented in the Standard & Poor's 500 Index ("S&P 500 Index) in the same proportion, to the extent feasible. The Portfolio may invest up to 20% of its total assets in options and futures contracts to maintain cash reserves, while being fully invested, to facilitate trading or to reduce transaction costs. The Portfolio may invest in such derivatives to try to enhance returns or reduce the risk of loss by hedging certain of its holdings. Investment Process: New York Life Investment Management LLC (New York Life Investments) uses statistical techniques to determine which stocks are to be purchased or … The Portfolio normally invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in stocks as represented in the Standard & Poor's 500 Index ("S&P 500 Index) in the same proportion, to the extent feasible. The Portfolio may invest up to 20% of its total assets in options and futures contracts to maintain cash reserves, while being fully invested, to facilitate trading or to reduce transaction costs. The Portfolio may invest in such derivatives to try to enhance returns or reduce the risk of loss by hedging certain of its holdings. Investment Process: New York Life Investment Management LLC (New York Life Investments) uses statistical techniques to determine which stocks are to be purchased or sold to replicate the S&P 500 Index to the extent feasible. From time to time, adjustments may be made in the Portfolio's holdings because of changes in the composition of the S&P 500 Index. The correlation between the investment performance of the Portfolio and the S&P 500 Index is expected to be at least 0.95, before charges, fees and expenses, on an annual basis. A correlation of 1.00 would indicate perfect correlation, which would be achieved when the net asset value of the Portfolio, including the value of its dividend and capital gains distributions, increases or decreases in exact proportion to changes in the S&P 500 Index.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $419.90M | 7.49% |
| APPLE INC | — | $369.17M | 6.59% |
| MICROSOFT CORP | — | $272.35M | 4.86% |
| AMAZON.COM INC | — | $201.58M | 3.60% |
| ALPHABET INC CL A | — | $165.88M | 2.96% |
| BROADCOM INC | — | $145.40M | 2.59% |
| ALPHABET INC CL C | — | $132.92M | 2.37% |
| META PLATFORMS INC CL A | — | $123.98M | 2.21% |
| TESLA INC | — | $103.59M | 1.85% |
| BERKSHIRE HATH-B | — | $87.06M | 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. |
|---|---|---|
| EQ/Equity 500 Index Portfolio | 99% | 0.29% |
| JPMorgan Equity Index Fund · HLEIX, OGEAX, OEICX, OGFAX | 99% | 0.04% |
| Columbia Variable Portfolio - Large Cap Index Fund | 99% | 0.25% |
Advisers
| Firm | Role |
|---|---|
| New York Life Investment Management LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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