Investment objective & strategy
As of April 28, 2025 · prospectusObjective. The Fund seeks investment results that correspond generally to the price and yield performance of the common stocks included in the Standard & Poors 500 Composite Stock Price Index (the S&P 500 ).
Strategy. The Fund invests its assets in all of the common stocks included in the S&P 500 . The S&P 500 consists of approximately 500 large cap common stocks which together represent approximately 75% of the value of the total U.S. stock market. 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 500 ranged from $ 3.4 billion to $ 3,336.9 billion. Securian Asset Management, Inc. (Securian AM) uses computer modeling to replicate the index and round off security weightings. Rebalancing generally occurs quarterly. The Fund attempts to … The Fund invests its assets in all of the common stocks included in the S&P 500 . The S&P 500 consists of approximately 500 large cap common stocks which together represent approximately 75% of the value of the total U.S. stock market. 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 500 ranged from $ 3.4 billion to $ 3,336.9 billion. Securian Asset Management, Inc. (Securian AM) uses computer modeling to replicate the index and round off security weightings. Rebalancing generally occurs quarterly. The Fund attempts to achieve a correlation with the S&P 500 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 500 , and due to changing economic or markets, may invest in less than all of the common stocks included in the S&P 500 . 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 500 . The Fund may at times invest significantly in certain sectors. As of December 31, 2024, the S&P 500 was concentrated in the Information Technology sector. The components of the S&P 500 , 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 |
|---|---|---|---|
| NVIDIA CORP | — | $114.97M | 7.50% |
| APPLE INC | — | $101.08M | 6.59% |
| MICROSOFT CORP | — | $74.57M | 4.86% |
| AMAZON.COM INC | — | $55.19M | 3.60% |
| ALPHABET INC CL A | — | $45.42M | 2.96% |
| BROADCOM INC | — | $39.81M | 2.60% |
| ALPHABET INC CL C | — | $36.39M | 2.37% |
| META PLATFORMS INC CL A | — | $33.95M | 2.21% |
| TESLA INC | — | $28.36M | 1.85% |
| BERKSHIRE HATH-B | — | $23.84M | 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. |
|---|---|---|
| LVIP SSGA S&P 500 Index Fund | 99% | 0.23% |
| State Street S&P 500 Index V.I.S. Fund · SSSPX | 99% | 0.30% |
| Venerable Large Cap Index Fund · VVLIX, VVLVX | 99% | 0.28% |
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.
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