Portfolio

Top 10 Holdings as of 12/31/2018

Johnson & Johnson 7.8%
UnitedHealth Group Incorporated 6.9%
Amgen Inc. 4.0%
Pfizer Inc. 3.9%
Anthem, Inc. 3.53%
Gilead Sciences, Inc. 3.51%
AbbVie Inc. 3.1%
Merck & Co., Inc. 3.0%
Medtronic plc 3.3%
Bristol-Myers Squibb Company 2.1%

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

Sub-Sector Allocation as of 12/31/2018

Pharmaceuticals 26.0%
Health Care Providers & Services 23.3%
Biotechnology 19.2%
Health Care Equipment & Supplies _x000D_ 12.7%
Real Estate Investment Trusts 6.0%
Medical Devices and Diagnostics 5.1%
Life Sciences Tools & Services 3.8%
Repurchase Agreement 3.2%
Healthcare Services 0.2%
Other Assets in Excess of Liabilities 0.4%

This data is subject to change on a daily basis.

Asset Allocation as of 12/31/2018

Common Stocks And Warrants 82.2%
Non-Convertible Notes 10.8%
Short-Term Investment 3.2%
Preferred Stock 1.3%
Convertible Notes 1.1%
Convertible Preferred And Warrants 1.0%
Other Assets In Excess Of Liabilities 0.4%

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