Portfolio

Top 10 Holdings as of 6/30/2019

Celgene Corp. 7.7%
Amgen Inc. 7.0%
Gilead Sciences, Inc. 6.6%
Vertex Pharmaceuticals Inc. 5.0%
Illumina, Inc. 4.30%
Biogen Inc. 3.10%
Alexion Pharmaceuticals, Inc. 3.0%
Regeneron Pharmaceuticals, Inc. 2.9%
Incyte Corp. 2.5%
Merck & Co., Inc. 1.8%

This data is subject to change on a daily basis. Percentage is based on net assets.

Sub-Sector Allocation as of 6/30/2019

Biotechnology 65.1%
Pharmaceuticals 16.6%
Life Sciences Tools & Services 6.2%
Health Care Equipment & Supplies _x000D_ 4.6%
Health Care Providers & Services 3.5%
Medical Devices and Diagnostics 2.1%
EXCHANGE TRADED FUND 0.7%
Repurchase Agreement 0.3%
Healthcare Services 0.2%
Health Care Technology 0.1%
Drug Discovery Technologies 0.0%

This data is subject to change on a daily basis. Percentage is based on net assets.

Asset Allocation as of 6/30/2019

COMMON STOCKS AND WARRANTS 92.2%
CONVERTIBLE PREFERRED AND WARRANTS 4.9%
MILESTONE INTERESTS 0.9%
Exchange Traded Fund 0.7%
Other Liabilities In Excess Of Assets 0.5%
Short-Term Investment 0.3%
Convertible Notes 0.2%

This data is subject to change on a daily basis. Percentage is based on net assets.