Top 20 Holdings

Composite holdings are as 06/30/2019. 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 Software5.37
Apple Inc.Technology Hardware, Storage, & Peripherals4.52
AutoZone, Inc. Specialty Retail4.15
Microchip Technology Semiconductors & Equipment3.50
SPDR Gold Shares Exchange Traded Funds3.22
Alerian MLP Exhange Traded Funds3.18
Alliance Data Systems CorporationIT Services3.17
Gilead Sciences, Inc. Biotechnology 3.05
Invesco Buyback Achievers Exchange Traded Funds3.01
Cameco CorporationOil, Gas & Consumable Fuels2.93
Broadcom Inc.Semiconductors & Equipment2.92
Annaly Capital Management Inc. Real Estate Investment Trusts 2.78
McKesson CorporationHealthcare Providers & Services2.75
Federated Investors, Inc. - Class BCapital Markets2.51
Celgene CorporationBiotechnology2.50
Meritage Corp.Household Durables2.28
Cognizant Tech Solutions - AIT Services2.15
Acuity Brands Inc. Electrical Equipment2.11
Pfizer Inc. Pharmaceuticals1.90
Biogen Idec Inc. Biotechnology 1.83

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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