NIPPON LIFE INSURANCE CO

Key Holdings

The portfolio is dominated by a single position, Corebridge Financial Inc (CRBG), which accounts for approximately 63.31% of the total value, or $3.68 million. The sheer size of this holding—121.96 million shares—suggests it is a strategic cornerstone investment rather than a passive allocation. The second-largest position is Principal Financial Group Inc (PFG), representing 27.53% of the portfolio ($1.60 million). Together, CRBG and PFG constitute over 90% of the fund's assets, indicating a heavy tilt toward the insurance and asset management sub-sectors within financials. The remaining positions, Prudential Financial Inc (PRU) and Marsh & McLennan Cos Inc (MRSH), are significantly smaller in comparison, making up 4.97% and 4.19% of the portfolio, respectively.