Investment objective & strategy
As of April 28, 2025 · prospectusObjective. The Fund seeks investment results generally corresponding to the aggregate price and dividend performance of the publicly traded common stocks that comprise the Standard & Poors MidCap 400 Index (the S&P 400 ).
Strategy. The Fund invests its assets in all of the common stocks included in the S&P 400 . The companies included in the S&P 400 are all mid-cap companies. The S&P 400 consists of approximately 400 domestic stocks chosen for market size, liquidity and industry group representation. The weight of each stock in the index is determined by multiplying the stock price by the number of shares of that stock available for public trading. As of March 31, 2025 , the market capitalizations of companies included in the S&P 400 ranged from $ 0.8 billion to $ 18.5 billion. Securian Asset Management, Inc. (Securian AM) uses computer modeling to replicate the index. Rebalancing generally occurs quarterly. The Fund attempts to achieve … The Fund invests its assets in all of the common stocks included in the S&P 400 . The companies included in the S&P 400 are all mid-cap companies. The S&P 400 consists of approximately 400 domestic stocks chosen for market size, liquidity and industry group representation. The weight of each stock in the index is determined by multiplying the stock price by the number of shares of that stock available for public trading. As of March 31, 2025 , the market capitalizations of companies included in the S&P 400 ranged from $ 0.8 billion to $ 18.5 billion. Securian Asset Management, Inc. (Securian AM) uses computer modeling to replicate the index. Rebalancing generally occurs quarterly. The Fund attempts to achieve a correlation with the S&P 400 of 100% without considering Fund expenses. However, the Fund is not required to hold a minimum or maximum number of common stocks included in the S&P 400 , and due to changing economic conditions or markets, may invest in less than all of the common stocks included in the S&P 400 . Under normal conditions, the Fund invests at least 80% of its net assets (including any borrowings for investment purposes) in the common stocks included in the S&P 400 . The Fund may at times invest significantly in certain sectors. As of December 31, 2024, the S&P 400 was concentrated in the Industrials and Financial sectors. The components of the S&P 400 , and the degree to which these components represent certain industries or sectors, may change over time.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| State Street Navigator Securities Lending Portfolio II | GVMXX | $4.27M | 1.77% |
| TECHNIPFMC PLC | — | $2.06M | 0.85% |
| CASEY'S GENERAL | — | $1.99M | 0.82% |
| UNITED THERAPEUTICS CORP DEL | — | $1.88M | 0.78% |
| CURTISS WRIGHT CORPORATION | — | $1.85M | 0.77% |
| FLEX LTD | — | $1.77M | 0.74% |
| XPO LOGISTICS INC | — | $1.68M | 0.70% |
| WOODWARD INC | — | $1.58M | 0.65% |
| ROYAL GOLD INC | — | $1.51M | 0.63% |
| US FOODS HOLDING CORP | — | $1.50M | 0.62% |
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. |
|---|---|---|
| State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF · SPMD | 99% | 0.03% |
| LVIP SSGA Mid-Cap Index Fund | 98% | 0.35% |
| Index 400 Stock Portfolio | 97% | 0.24% |
Advisers
| Firm | Role |
|---|---|
| Securian Asset Management, Inc. | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.