Investment objective & strategy
As of May 11, 2023 · prospectusObjective. The Fund seeks to provide exposure to the S&P 500 Index, while providing a buffer against the first 10% of 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. 1. Milliman 6-Month Buffered S&P 500 with Par Up Outcome Fund May/Nov Share Class Par Up Rate* (As of May 10, 2023) Prior to Taking into Account Fund Fees and Expenses Class 3 71.79% * 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 Buffer Prior to Taking into Account Fund Fees and Expenses After Taking into Account Fund Fees and Expenses Class 3 10% 9.51% 1. Milliman 6-Month Buffered S&P 500 with Par Up Outcome Fund May/Nov Share Class Par Up Rate* (As of May 10, 2023) Prior to Taking into Account Fund Fees and Expenses Class 3 71.79% * 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 Buffer Prior to Taking into Account Fund Fees and Expenses After Taking into Account Fund Fees and Expenses Class 3 10% 9.51%
Top holdings
As of Sept. 30, 2023 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| XSP 11/10/2023 0.62 C | — | $1.67M | 101.68% |
| US TREASURY N/B | — | $401.45K | 24.47% |
| State Street SPDR Portfolio Intermediate Term Corporate Bond ETF | SPIB | $153.57K | 9.36% |
| VANGUARD INT-TERM CORPORATE MUTUAL FUND | VCIT | $150.74K | 9.19% |
| iShares Trust ISHARES 0-3 MONTH TREASURY BOND ETF | SGOV | $107.41K | 6.55% |
| iShares Trust IBOXX USD INVST GRADE CORP | LQD | $74.58K | 4.55% |
| XSP 11/10/2023 413.76 C | — | $59.28K | 3.61% |
| VANGUARD SHORT TERM TREASURY ETF | VGSH | $35.31K | 2.15% |
| XSP 11/10/2023 166.12 P | — | $92 | 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.
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- Net assets and holdings count as of September 30, 2023, from the fund's N-PORT filing.
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