Top 20 Holdings

Composite holdings are as 12/31/2019. 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
Apple Inc.Technology Hardware, Storage, & Peripherals6.34
Microsoft Corporation Software6.17
Microchip Technology Inc. Semiconductors & Equipment4.03
Invesco Buyback Achievers Exchange Traded Funds3.75
CVS Health CorpHealth Care Providers & Services 3.34
SPDR Gold Shares Exchange Traded Funds3.29
Dow Inc. Chemicals3.18
Alerian MLP Exchange Traded Funds3.18
Berkshire Hathaway Class BDiversified Financial Services3.16
Bristol-Myers Squibb Co.Pharmaceuticals3.13
Broadcom Inc.Semiconductors & Equipment3.10
McKesson CorporationHealthcare Providers & Services2.95
Jazz Pharmaceuticals PLCPharmaceuticals2.92
Lockheed Martin CorpAerospace & Defense2.84
Annaly Capital Management Inc. Mortgage Real Estate Investment Trusts 2.80
Gilead Sciences, Inc. Biotechnology 2.78
Lennar Corp. Class AHousehold Durables2.66
Meritage Homes Corp.Household Durables2.59
Alliance Data Systems CorporationIT Services2.40
Cameco CorporationOil, Gas & Consumable Fuels2.25

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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