Investment objective & strategy
As of June 13, 2023 · prospectusObjective. The Fund seeks to provide exposure to the S&P 500 Index, while limiting losses to 50% of the losses associated with S&P 500 Index performance and participating in S&P 500 Index gains at a declared rate, prior to taking into account any fees or expenses or the performance of any fixed income exposure included in the Funds portfolio, over a six-month period.
Strategy. 2. Milliman 6-Month Parred Down S&P 500 with Par Up Outcome Fund Jun/Dec Share Class Par Up Rate* (As of June 12, 2023) Prior to Taking into Account Fund Fees and Expenses Class 3 90.91% * The performance of the Funds upside S&P 500 Index FLEX Options exposure is calculated by multiplying the Par Up Rate by the positive returns of the S&P 500 Index for the Outcome Period. That performance is then reduced by the Funds total net expenses. Share Class Par Down Rate* Prior to Taking into Account Fund Fees and Expenses Class 3 50% * The performance of the Funds downside S&P 500 Index FLEX Options exposure is calculated by multiplying the Par Down Rate by the … 2. Milliman 6-Month Parred Down S&P 500 with Par Up Outcome Fund Jun/Dec Share Class Par Up Rate* (As of June 12, 2023) Prior to Taking into Account Fund Fees and Expenses Class 3 90.91% * The performance of the Funds upside S&P 500 Index FLEX Options exposure is calculated by multiplying the Par Up Rate by the positive returns of the S&P 500 Index for the Outcome Period. That performance is then reduced by the Funds total net expenses. Share Class Par Down Rate* Prior to Taking into Account Fund Fees and Expenses Class 3 50% * The performance of the Funds downside S&P 500 Index FLEX Options exposure is calculated by multiplying the Par Down Rate by the negative returns of the S&P 500 Index for the Outcome Period. That performance is then reduced by the Funds total net expenses.
Top holdings
As of Sept. 30, 2023 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| XSP 12/11/2023 0.67 C | — | $939.42K | 91.99% |
| US TREASURY N/B | — | $250.65K | 24.54% |
| State Street SPDR Portfolio Intermediate Term Corporate Bond ETF | SPIB | $97.37K | 9.53% |
| VANGUARD INT-TERM CORPORATE MUTUAL FUND | VCIT | $95.96K | 9.40% |
| iShares Trust ISHARES 0-3 MONTH TREASURY BOND ETF | SGOV | $67.25K | 6.58% |
| iShares Trust IBOXX USD INVST GRADE CORP | LQD | $47.44K | 4.65% |
| VANGUARD SHORT TERM TREASURY ETF | VGSH | $22.29K | 2.18% |
| XSP 12/11/2023 433.93 C | — | $21.67K | 2.12% |
| XSP 12/11/2023 174.24 P | — | $141 | 0.01% |
Portfolio moves
Jun 30, 2023 → Sep 30, 2023How 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 weightFootnotes
- Net assets and holdings count as of September 30, 2023, from the fund's N-PORT filing.
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