Portfolio Characteristics

Balanced Fund Holdings (09/30/2018)

Top Ten Equity Holdings

Percent of Total Net Assets%
U.S. Bancorp 3.2
Medtronic PLC 3.0
Honeywell International Inc. 3.0
Ecolab, Inc. 2.9
3M Company 2.7
Johnson & Johnson  2.6
Alphabet Inc.  2.6
Abbott Laboratories 2.4
Hormel Foods Corp. 2.3
Graco Inc. 1.9


Sector Breakdown

Equity Securities

Percent of Total Net Assets%
Health Care 16.7
Industrials 15.4
Financials 10.9
Materials 4.8
Consumer Staples  4.7
Communication Services 4.3
Information Technology 3.3
Energy 3.1
Consumer Discretionary 2.3
Utilities 0.3
Common Stocks 65.8


Fixed Income Securities

Percent of Total Net Assets%
Corporate Bonds 28.4
Asset Backed Securities 3.0
Fixed Income 31.4
Short-term Investments1 2.8
Total 100.0


Market Capitalization

Equity Securities

 Balanced Fund Market Capitalization


All holdings and percentages mentioned are as of 9/30/2018. All the holdings in the portfolio are subject to change without notice and may or may not represent current or future portfolio composition. The mention of specific securities is not intended as a recommendation or an offer of a particular security nor is it intended to be a solicitation for the purchase or sale of any security. 
1Represents short-term investments and other assets and liabilities (net).