Portfolio

Top 10 Holdings as of 6/30/2019

Celgene Corp. 8.8%
Gilead Sciences, Inc. 7.8%
Amgen Inc. 7.8%
Vertex Pharmaceuticals Inc. 5.9%
Illumina, Inc. 5.07%
Biogen Inc. 4.00%
Alexion Pharmaceuticals, Inc. 3.7%
Regeneron Pharmaceuticals, Inc. 3.6%
Incyte Corp. 3.1%
BioMarin Pharmaceutical Inc. 1.9%

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

Sub-Sector Allocation as of 6/30/2019

Biotechnology 76.7%
Pharmaceuticals 11.0%
Life Sciences Tools & Services 6.5%
Repurchase Agreement 2.9%
Health Care Equipment & Supplies _x000D_ 2.0%
EXCHANGE TRADED FUND 0.3%
Health Care Providers & Services 0.1%
Medical Devices and Diagnostics 0.1%
Healthcare Services 0.1%

This data is subject to change on a daily basis.

Asset Allocation as of 6/30/2019

COMMON STOCKS AND WARRANTS 89.6%
Convertible Preferred And Warrants 5.0%
SHORT-TERM INVESTMENT 2.9%
MILESTONE INTERESTS 1.4%
Convertible Notes 0.4%
Exchange Traded Fund 0.3%
Preferred Stock_x000D_ 0.2%

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