Portfolio Characteristics

Balanced Fund Holdings (9/30/2019)

Top Ten Equity Holdings

Percent of Total Net Assets%
U.S. Bancorp  2.9
Medtronic PLC  2.5
3M Company  2.5
Alphabet Inc.  2.5
Ecolab, Inc.  2.4
Johnson & Johnson  2.3
Abbott Laboratories  2.0
The Walt Disney Company 2.0
Microsoft Corp.  1.9
Honeywell International Inc. 1.9


Sector Breakdown

Equity Securities

Percent of Total Net Assets%
Health Care 14.9
Industrials 14.0
Financials 11.1
Information Technology  5.5
Communication Services  4.4
Consumer Staples   4.1
Materials 3.9
Energy 2.6
Consumer Discretionary 2.2
Utilities 0.4
Common Stocks 63.1


Fixed Income Securities

Percent of Total Net Assets%
Corporate Bonds 30.8
Asset Backed Securities 3.1
U.S. Government Obligations 1.2
Federal Agency Obligations 0.1
Fixed Income 35.2
Short-term Investments1 1.7
Total 100.0


Market Capitalization

Equity Securities

 Balanced Fund Market Capitalization


All holdings and percentages mentioned are as of 6/30/2019. 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).