Investment objective & strategy
As of April 29, 2025 · prospectusObjective. This Fund seeks long-term growth of capital.
Strategy. Under normal circumstances, this Fund invests at least 80% of its assets in equity securities of technology companies and technology-related companies. The sub-adviser generally considers an issuer to be a technology or technology-related company if the company is principally engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements. These companies are normally issuers that are (at the time of purchase) classified as being in the Technology sector by an independent third-party service provider which provides economic sector and industry classifications based upon business operations of companies. These companies may include, for example, manufacturers of communications equipment, products, and services, personal computers and other computer hardware components and … Under normal circumstances, this Fund invests at least 80% of its assets in equity securities of technology companies and technology-related companies. The sub-adviser generally considers an issuer to be a technology or technology-related company if the company is principally engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and improvements. These companies are normally issuers that are (at the time of purchase) classified as being in the Technology sector by an independent third-party service provider which provides economic sector and industry classifications based upon business operations of companies. These companies may include, for example, manufacturers of communications equipment, products, and services, personal computers and other computer hardware components and peripherals; providers of information technology and systems integration services; companies developing and producing database management, home entertainment, educational, specialty, enterprise, and business software; manufacturers of electronic equipment, instruments or components, including copiers and faxes; semiconductor and related equipment manufacturers; and other information technology companies. The Fund normally will invest more than 25% of its assets in securities of companies in technology and related industries. The Fund normally invests primarily in common stocks, including domestic and foreign equity issuers (which may be U.S. dollar or foreign currency-denominated). The Fund may invest in companies of all market capitalization sizes as well as both growth and value stocks. The Fund may invest in a smaller number of holdings. In buying and selling securities for the Fund, the sub-adviser uses fundamental analysis of factors such as each issuers financial condition and industry position, as well as market and economic conditions. The Fund is classified as non-diversified, which means it may invest in a smaller number of issuers than a diversified fund. The Fund may lend its portfolio holdings to certain financial institutions.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $112.48M | 25.39% |
| APPLE INC | — | $55.86M | 12.61% |
| MARVELL TECHNOLOGY INC | — | $27.34M | 6.17% |
| MICROSOFT CORP | — | $23.94M | 5.40% |
| ON SEMICONDUCTOR CORP | — | $19.55M | 4.41% |
| CISCO SYSTEMS INC | — | $19.52M | 4.41% |
| NXP SEMICONDUCTORS NV | — | $17.41M | 3.93% |
| MONOLITHIC POWER SYS INC | — | $17.06M | 3.85% |
| GLOBALFOUNDRIES INC | GFS | $13.72M | 3.10% |
| WESTERN DIGITAL CORP | — | $12.88M | 2.91% |
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. |
|---|---|---|
| VIP Technology Portfolio | 93% | 0.57% |
| Select Technology Portfolio · FSPTX, FFOJX, FFOQX, FFOTX, FFOMX, FFONX | 87% | 0.55% |
| Fidelity Advisor Technology Fund · FADTX, FTHCX, FATEX, FATIX, FIKHX | 81% | 0.55% |
Advisers
| Firm | Role |
|---|---|
| FIAM LLC | Sub-adviser |
| Pacific Life Fund Advisors LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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