Portfolio Characteristics


As of 12/31/2019

Convertible Securities Fund
ICE BofAML US Convertible Ex Mandatory Index
Turnover (annualized % as of fiscal year end 10/31)
74
Number of Issues
135
388
Weighted Avg. Maturity (yrs)
3.92
17.85
Convertible Avg. Price ($)
115.51
121.88
Average Issue Size (MM)
0
0

For definitions of any of these terms, please visit our Financial Glossary.

Top 10 Holdings

As of 12/31/2019

Company Name
Maturity Date
Coupon Rate (%)
Value ($000's)
% of Net Assets
Live Nation Entertainment Inc.
3/15/2023
2.5
3,238
2.2
Dish Network Corp.
8/15/2026
3.4
3,174
2.1
Blackstone Mortgage Trust Inc.
3/15/2023
4.8
2,924
1.9
BioMarin Pharmaceutical Inc.
8/1/2024
0.6
2,659
1.8
Splunk Inc.
9/15/2023
0.5
2,595
1.7
Marriott Vacations Worldwide Corp.
9/15/2022
1.5
2,534
1.7
Meritor Inc.
10/15/2037
3.3
2,310
1.5
Palo Alto Networks Inc.
7/1/2023
0.8
2,224
1.5
Liberty Latin America Ltd.
7/15/2024
2.0
2,185
1.5
Liberty Media Corp.
3/31/2048
2.1
2,178
1.4

Full Holdings

As of 12/31/2019

Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Live Nation Entertainment Inc. [LYV4810677]
United States
2,650
122.19
3,238
2.2
Dish Network Corp. [DISH4532126]
United States
3,291
96.44
3,174
2.1
Blackstone Mortgage Trust Inc. [BXMT4613468]
United States
2,721
107.453
2,924
1.9
BioMarin Pharmaceutical Inc. [BMRN4529082]
United States
2,511
105.90
2,659
1.8
Splunk Inc.
United States
2,151
120.625
2,595
1.7
Marriott Vacations Worldwide Corp. [MAR4722077]
United States
2,365
107.139
2,534
1.7
Meritor Inc. [ARM4719976]
United States
2,118
109.049
2,310
1.5
Palo Alto Networks Inc. [PANW4870414]
United States
2,012
110.549
2,224
1.5
Liberty Latin America Ltd.
Bermuda
2,035
107.375
2,185
1.5
Liberty Media Corp. [LMCA4606916]
United States
2,061
105.70
2,178
1.4
Microchip Technology Inc. [MCHP4610421]
United States
1,513
142.75
2,160
1.4
Tesla Inc.
United States
1,321
151.432
2,000
1.3
Ctrip.Com International Ltd. [CTRP4378676]
Cayman Islands
1,840
105.357
1,939
1.3
Western Digital Corp.
United States
1,965
98.438
1,934
1.3
Total SA MTN
France
1,800
106.294
1,913
1.3
Twitter Inc.
United States
1,929
96.875
1,869
1.2
Ares Capital Corp. [ARCC4603542]
United States
1,788
103.905
1,858
1.2
On Semiconductor Corp. [ONNN4372696]
United States
1,353
136.149
1,842
1.2
Dexcom Inc.
United States
1,222
148.37
1,813
1.2
Verint Systems Inc. [VRNT4135363]
United States
1,666
108.103
1,801
1.2
Iqiyi Inc.
Cayman Islands
1,793
99.762
1,789
1.2
Silicon Laboratories Inc. [SLAB4611931]
United States
1,254
133.157
1,670
1.1
Exact Sciences Corp. [EXAS4806408]
United States
1,438
113.563
1,633
1.1
New Relic Inc.
United States
1,605
97.428
1,564
1.0
Insight Enterprises Inc. [NSIT4871454]
United States
1,317
118.379
1,559
1.0
Extra Space Storage LP [EXR4289767]
United States
1,316
117.625
1,548
1.0
Valeo SA MTN
France
1,600
96.676
1,547
1.0
Jazz Investments I Ltd. [JAZZ4671051]
Bermuda
1,530
101.063
1,546
1.0
Nextera Energy Partners LP [NEP4539882]
United States
1,471
104.522
1,538
1.0
Lumentum Holdings Inc.
United States
1,392
108.75
1,514
1.0
Wayfair Inc. [W4873140]
United States
1,690
88.442
1,495
1.0
Etsy Inc.
United States
1,590
90.444
1,438
1.0
Spirit Realty Capital Inc. [SRC4126790]
United States
1,381
104.087
1,437
1.0
Qiagen NV
Netherlands
1,400
102.343
1,433
1.0
Nuance Communications Inc. [NUAN4618401]
United States
1,260
111.58
1,406
0.9
Dycom Industries Inc. [DY4405462]
United States
1,421
97.417
1,384
0.9
Zynga Inc.
United States
1,345
102.125
1,374
0.9
Insulet Corp. [PODD4880628]
United States
1,316
104.199
1,371
0.9
Illumina Inc. [ILMN4878220]
United States
1,232
110.701
1,364
0.9
Akamai Technologies Inc.
United States
1,345
98.919
1,330
0.9
Snap Inc.
United States
1,275
104.289
1,330
0.9
Greenbrier Cos. Inc. [GBX4596989]
United States
1,347
97.282
1,310
0.9
Chegg Inc.
United States
1,231
103.101
1,269
0.8
Pure Storage Inc. [PSTG4824565]
United States
1,235
99.665
1,231
0.8
Ih Merger Sub LLC [INVH4595278]
United States
909
135.031
1,227
0.8
Docusign Inc.
United States
946
124.669
1,179
0.8
Wright Medical Group Inc.
United States
1,107
105.878
1,172
0.8
Okta Inc.
United States
1,192
97.212
1,159
0.8
Liberty Interactive LLC [QRTEA4394852]
United States
783
147.059
1,151
0.8
Stmicroelectronics NV
Netherlands
800
143.29
1,146
0.8
Starwood Property Trust Inc. [STWD4477108]
United States
1,090
104.313
1,137
0.8
Akamai Technologies Inc.
United States
1,024
110.975
1,136
0.8
Envestnet Inc. [ENV4845608]
United States
938
120.165
1,127
0.7
FireEye Inc.
United States
1,103
101.016
1,114
0.7
Booking Holdings Inc. [PCLN4133636]
United States
709
155.438
1,102
0.7
Allscripts Healthcare Solutions Inc.
United States
1,115
98.314
1,096
0.7
Proofpoint Inc.
United States
1,046
103.24
1,080
0.7
Weibo Corp.
Cayman Islands
1,128
94.063
1,061
0.7
Two Harbors Investment Corp. [TWO4445155]
United States
1,016
104.022
1,057
0.7
CyberArk Software Ltd.
Israel
1,005
103.767
1,043
0.7
Allscripts Healthcare Solutions Inc. [MDRX4153899]
United States
1,025
99.257
1,017
0.7
Nuvasive Inc. [NUVA4474986]
United States
759
133.481
1,013
0.7
Vinci SA
France
800
121.62
973
0.6
Wix.Com Ltd.
Israel
830
114.25
948
0.6
Liberty Media Corp. [LMCA4612612]
United States
702
133.27
936
0.6
Square Inc. [SQ4844075]
United States
818
111.998
916
0.6
STMicroelectronics NV
Netherlands
600
143.29
860
0.6
Ares Capital Corp. [ARCC4806130]
United States
801
106.57
854
0.6
j2 Global Inc.
United States
825
101.949
841
0.6
RH
United States
649
127.131
825
0.5
Blackline Inc.
United States
800
100.063
801
0.5
Sailpoint Technologies Holding Inc.
United States
731
108.074
790
0.5
Guess? Inc. [GES4825714]
United States
702
109.938
772
0.5
Workday Inc.
United States
579
128.243
743
0.5
Vinci SA
France
600
121.714
730
0.5
Supernus Pharmaceuticals Inc. [TCRT4816918]
United States
799
91.017
727
0.5
IAC Financeco 3 Inc.
United States
619
117.06
725
0.5
Zillow Group Inc.
United States
589
122.168
720
0.5
Bilibili Inc.
Cayman Islands
716
99.875
715
0.5
Herbalife Nutrition Ltd. [HLF4812442]
Cayman Islands
681
103.983
708
0.5
KBR Inc. [KBR4767480]
United States
527
132.875
700
0.5
FTI Consulting Inc. [FCN4874420]
United States
550
125.611
691
0.5
Conmed Corp. [CNMD4791102]
United States
498
138.505
690
0.5
Tutor Perini Corp. [TPC4515481]
United States
709
95.489
677
0.4
ON Semiconductor Corp.
United States
471
138.125
651
0.4
Teradyne Inc. [TER4578877]
United States
293
219.563
643
0.4
Fortive Corp. [FTVQ4799906]
United States
631
101.372
640
0.4
Ligand Pharmaceuticals Inc. [LGND4838711]
United States
713
86.554
617
0.4
Alteryx Inc.
United States
643
95.769
616
0.4
CIE Generale DES Etablissements Michelin Sca
France
600
102.015
612
0.4
Zendesk Inc. [ZEN4813341]
United States
441
136.765
603
0.4
Euronet Worldwide Inc.
United States
504
119.529
602
0.4
InterDigital Inc. [IDCC4840840]
United States
592
99.935
592
0.4
Pandora Media Inc. [P4638804]
United States
474
124.139
588
0.4
Zillow Group Inc. [Z4581320]
United States
513
112.116
575
0.4
Advanced Micro Devices Inc. [AMD4402405]
United States
98
579.694
568
0.4
Bofa Finance LLC MTN [BAC4619581]
United States
538
105.495
568
0.4
Cypress Semiconductor Corp. [CY4767831]
United States
442
121.674
538
0.4
Ionis Pharmaceuticals Inc. [IONS4925452]
United States
525
102.103
536
0.4
Neurocrine Biosciences Inc. [NBIX4629438]
United States
344
153.629
528
0.4
Q2 Holdings Inc.
United States
457
115.429
528
0.4
Chart Industries Inc. [GTLS4560609]
United States
382
131.91
504
0.3
Mercadolibre Inc.
United States
317
149.546
474
0.3
Alteryx Inc.
United States
492
93.959
462
0.3
Oil States International Inc. [OIS4824690]
United States
501
90.26
452
0.3
Workiva Inc.
United States
487
89.925
438
0.3
Tabula Rasa Healthcare Inc.
United States
427
100.438
429
0.3
Jazz Investments I Ltd. [JAZZ4279250]
Bermuda
412
103.212
425
0.3
Transocean Inc. [RIG4594837]
Cayman Islands
403
100.125
404
0.3
OSI Systems Inc. [OSIS4611660]
United States
365
109.554
400
0.3
Nice Systems Inc. [NCSY4588545]
United States
207
191.063
395
0.3
Servicenow Inc. [NOW4652208]
United States
181
211.216
382
0.3
Five9 Inc. [FIVN4832463]
United States
214
169.151
362
0.2
Ringcentral Inc. [RNG4807483]
United States
172
210.23
362
0.2
Ironwood Pharmaceuticals Inc. [IRWD4869715]
United States
301
118.65
357
0.2
Ironwood Pharmaceuticals Inc. [IRWD4869716]
United States
297
120.117
357
0.2
Nuance Communications Inc. [NUAN4436056]
United States
352
100.937
355
0.2
Coupa Software Inc.
United States
295
118.486
350
0.2
Twilio Inc.
United States
228
152.893
349
0.2
Huazhu Group Ltd. [HTHT4764897]
Cayman Islands
304
112.13
341
0.2
Liberty Media Corp. [LMCA4191218]
United States
251
134.81
338
0.2
Liberty Media Corp. [LMCA4533372]
United States
577
58.049
335
0.2
Caesars Entertainment Corp. [CZR4551670]
United States
165
192.625
318
0.2
Exact Sciences Corp. [EXAS4586328]
United States
218
144.625
315
0.2
Vonage Holdings Corp. [VG4845601]
United States
340
89.79
305
0.2
Atlassian Inc.
United States
191
158.28
302
0.2
Illumina Inc. [ILMN4259414]
United States
212
139.533
296
0.2
SM Energy Co. [SM4392432]
United States
309
95.669
296
0.2
PDC Energy Inc. [PETD4402403]
United States
306
94.394
289
0.2
Wayfair Inc.
United States
245
103.894
255
0.2
Qiagen NV
Netherlands
200
126.069
252
0.2
Altair Engineering Inc. [ALTR4842822]
United States
245
102.75
252
0.2
Repligen Corp. [RGEN4859855]
United States
224
108.355
243
0.2
Carbonite Inc. [CARB4619413]
United States
99
106.047
105
0.1
National Health Investors Inc. [NHI4109294]
United States
58
120.591
70
0.0

Sector Allocation

As of 12/31/2019

Economic Sector
Convertible Securities Fund %
Information Technology
31.6
Communication Services
15.9
Health Care
14.5
Consumer Discretionary
11.6
Industrials
6.6
Financials
5.6
Real Estate
2.8
Energy
2.2
Utilities
1.0
Consumer Staples
0.5

Maturity Profile

As of 12/31/2019

Maturity
Convertible Securities Fund %
ICE BofAML US Convertible Ex Mandatory Index %
0-1 Yr
6.2
0.0
1-3 Yr
17.8
0.0
3-5 Yr
47.7
0.0
5-7 Yr
16.0
0.0
7-10 Yr
4.5
0.0
10-20 Yr
0.5
0.0
20-30 Yr
0.0
0.0
Over 30 Yr
0.0
0.0

Duration

As of 12/31/2019

Duration
Convertible Securities Fund %
ICE BofAML US Convertible Ex Mandatory Index %
0-1 Yr
17.4
0.0
1-3 Yr
51.5
0.0
3-5 Yr
23.8
0.0
5-7 Yr
0.0
0.0
7-10 Yr
0.0
0.0
10-20 Yr
0.0
0.0
20-30 Yr
0.0
0.0
Over 30 Yr
0.0
0.0