Top 20 Holdings

Composite holdings are as 12/31/2018. For a printer-friendly version of the Composite Performance, Top 20 Holdings, and other Composite data, view the Quarterly Fact Sheet.

CompanyIndustry% of Net Assets
Microsoft Corporation Software4.39
UnitedHealth Group IncorporatedHealthcare Providers & Services4.21
Apple Inc.Technology Hardware, Storage, & Peripherals3.87
Alliance Data Systems CorporationIT Services3.61
AutoZone, Inc. Specialty Retail3.37
Cameco CorporationOil, Gas & Consumable Fuels3.32
Annaly Capital Management Inc. Real Estate Investment Trusts 3.11
Microchip Technology Semiconductors & Equipment3.11
Celanese Corporation - Series AChemicals3.06
Gilead Sciences, Inc. Biotechnology 3.03
SPDR Gold Shares Exchange Traded Funds2.92
DowDuPont, Inc. Chemicals2.79
Invesco Buyback Achievers Exchange Traded Funds2.72
Biogen Idec Inc. Biotechnology 2.52
McKesson CorporationHealthcare Providers & Services2.42
Cognizant Tech Solutions - AIT Services2.29
Alerian MLP Exhange Traded Funds2.26
Federated Investors, Inc. - Class BCapital Markets2.18
Cigna CorporationHealth Care Providers & Services2.08
Pfizer Inc. Pharmaceuticals1.97

Composite holdings are subject to change and are not recommendations to buy or sell any security.

Composite Top Twenty Holdings are presented as supplemental information to the fully compliant presentation on the Performance page.

Return on Equity (ROE) is a company’s net income (earnings), divided by the owner’s equity in the business (book value).

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1% (1st million), 0.5% (remainder)


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