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Portfolio (Quarterly) Guide ↗

Gifford Fong Associates

· CIK 0001740316
13F Portfolio $476M AUM Filed Nov 3, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 122 New
Page 7 of 7  ·  122 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 CVS CVS HEALTH CORP Healthcare 1,675.0 $126K 0.03% NEW $75.22 +21.9%
122 EMR EMERSON ELEC CO Industrials 178.0 $23K 0.01% NEW $129.21 +12.9%
Page 7 of 7  ·  122 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 32.4%
Financial Services 21.3%
Communication Services 9.3%
Industrials 8.8%
Consumer Cyclical 8.6%
Healthcare 7.0%
Energy 5.5%
Consumer Defensive 3.9%
Utilities 1.9%
Basic Materials 0.6%