S Fund

Small Cap Stock Index Investment Fund

Index Equivalent Ticker: DWCPF

Average Annual Returns

(as of July 2025)

YTD
4.69%
1 Year
11.58%
3 Year
12.46%
5 Year
11.00%
10 Year
9.51%

Risk Profile

Low
Low-Med
Medium
Med-High
High

The S Fund carries high risk as it is a 100% equity fund composed of small and mid-cap stocks. These companies can offer higher growth potential than large-cap stocks but also tend to have greater volatility.

📊 At a Glance: S Fund Profile

What It Is

A passively managed index fund that holds small to mid-sized U.S. companies not included in the S&P 500. It offers an opportunity to diversify your stock investments beyond the large-cap companies found in the C Fund.

Investment Objective

To match the performance of the Dow Jones U.S. Completion Total Stock Market Index.

Best For

Investors with a long-term time horizon seeking aggressive growth who are comfortable with the higher volatility associated with small and mid-cap stocks.

📋 Holdings & Fund Details

Top Ten Holdings (as of 12/31/2024)

MRVL (Marvell Technology Inc.)
APP (Applovin Corp Class A)
CRH (CRH Public Limited Plc)
DASH (Doordash Inc Class A)
MSTR (Microstrategy Inc Class A)
TTD (Trade Desk Inc Class A)
SNOW (Snowflake Inc Class A)
COIN (Coinbase Global Inc Class A)
SQ (Block Inc Class A)
LNG (Cheniere Energy Inc)

Key Fund Details (as of 12/31/2024)

Assets: $119.0 billion
Expense Ratio: 0.051% ($0.510 per $1,000)
Benchmark: Dow Jones U.S. Completion Total Stock Market Index
Asset Managers: BlackRock, State Street
Inception Date: 5/1/2001

Key Features & Benefits

🏢 Small/Mid-Cap Exposure

Invest in a diversified portfolio of small and medium-sized U.S. companies, offering growth potential beyond the large corporations in the S&P 500.

📈 Market Returns

Captures the returns of the U.S. stock market outside of the S&P 500. Ideal for investors seeking market participation in the small-to-mid cap segment.

💰 Ultra-Low Costs

With an extremely low expense ratio, the S Fund provides a cost-effective way to gain exposure to this important segment of the U.S. market.

🎯 Diversification

Serves as an excellent complement to the C Fund, allowing you to build a portfolio that represents nearly the entire U.S. stock market.