Portfolio

Top 10 Holdings as of 12/31/2019

Amgen, Inc. 8.0%
Gilead Sciences, Inc. 7.3%
Vertex Pharmaceuticals, Inc. 6.6%
Illumina, Inc. 6.1%
Biogen, Inc. 5.18%
Regeneron Pharmaceuticals, Inc. 4.87%
Alexion Pharmaceuticals, Inc. 3.0%
Seattle Genetics, Inc. 2.5%
Bristol-Myers Squibb Co. 2.4%
Incyte Corp. 2.0%

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

Sub-Sector Allocation as of 12/31/2019

Biotechnology 69.9%
Pharmaceuticals 15.6%
Life Sciences Tools & Services 8.1%
Health Care Equipment & Supplies 2.4%
Repurchase Agreement 1.7%
Echange Traded Fund 0.9%
Healthcare Services 0.3%
Health Care Providers & Services 0.1%
Drug Discovery Technologies 0.1%
Other Assets and Liabilities 0.009

This data is subject to change on a daily basis.

Asset Allocation as of 12/31/2019

Common Stocks and Warrants 92.5%
Convertible Preferred And Warrants 1.9%
Short-Term Investment 1.7%
Milestone Interests 1.6%
Exchange Traded Fund 0.9%
Convertible Notes 0.5%
Other Assets And Liabilities 0.9%

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