X S&P 500 Equal Weight 1C Mutual Fund

X S&P 500 Equal Weight 1C Mutual Fund is an equal-weighted mutual fund that tracks the S&P 500 Equal Weight Index, assigning each of the 500 leading U.S. companies a fixed weight of 0.20% at quarterly rebalances. This approach provides balanced exposure across all constituents, reducing concentration in mega-cap stocks compared to traditional market-cap weighted indexes and increasing representation from mid- and smaller-cap firms within the S&P 500 universe. The fund seeks total return through capital growth and current income, managed by a team including Peter Hubbard, with a net expense ratio of 0.53%, comprising a 0.11% management fee, 0.25% 12b-1 fee, and other expenses. Holding approximately 504 securities with total assets exceeding $6.78 billion, it features notable sector allocations such as electric utilities (3.59%), health care equipment (3.21%), and semiconductors (3.11%). Risk metrics include a 3-year beta of 1.00, standard deviation of 14.16%, and Sharpe ratio of 0.39%, reflecting market-like volatility with quarterly rebalancing to maintain equal weights amid market movements. This structure offers investors diversified access to U.S. large-cap equities with distinct sector and size tilts relative to cap-weighted benchmarks.