Part 4/8:
Changes in Holdings and Sector Allocation
In the latest reconstitution, SCD removed 17 holdings from its portfolio while adding 20 new ones. Notably, the most significant sell-offs included companies like FISER and BlackRock, which had previously held large stakes in the fund. Meanwhile, new entrants included companies with substantial energy sector representation, such as Phillips 66 and Schlumberger, now making up 21% of the fund—over 1% more than the former largest sector, healthcare.