05/01/2025 | Press release | Distributed by Public on 05/01/2025 15:23
Current 80% Investment Policy
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New 80% Investment Policy as of the
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Effective Date
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Under normal market conditions, the Portfolio
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Under normal circumstances, the Portfolio invests
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invests at least 80% of its net assets (plus
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at least 80% of its net assets (plus the amount of
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borrowings for investment purposes) in securities
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any borrowings for investment purposes) in
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of large-capitalization companies included in the
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investments tied to large-capitalization companies
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Index.
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included in the Index.
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Current Disclosure
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Disclosure as of the Effective Date
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Under normal market conditions, the Portfolio
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Under normal circumstances, the Portfolio invests
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invests at least 80% of its net assets (plus
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at least 80% of its net assets (plus the amount of
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borrowings for investment purposes) in securities
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any borrowings for investment purposes) in
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of large-capitalization companies included in the
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investments tied to large-capitalization companies
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Index. The Portfolio will provide shareholders
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included in the Index. For purposes of this 80%
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with at least 60 days' prior notice of any change in
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policy, large-capitalization companies means
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this investment policy.
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companies that are included in the Index.
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The Index is a stock market index comprised of
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common stocks of 500 of the largest companies
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traded in the United States and selected by S&P
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Global Ratings. For this Portfolio, the sub-adviser
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(the "Sub-Adviser") defines large-capitalization
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companies as companies that are included in the
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Index at the time of purchase and that have a
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market capitalization of at least $3 billion.
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