Holdings Characteristics

Ten Largest Stocks

Fiserv Inc 3.53%
Thermo Fisher Scientific Inc 3.50%
Cisco Systems Inc 3.21%
Merck & Co Inc 3.07%
UnitedHealth Group Inc 3.06%
American Electric Power Co Inc 3.04%
CVS Health Corp 2.97%
Walmart Inc 2.84%
Texas Instruments Inc 2.73%
Broadcom Inc 2.68%
Total 30.65%

Portfolio Characteristics

Patriot Fund S&P 500
# of Holdings 41 506
Average Market Cap $127.8b $193.3b
Price/ Earnings Ratio 14.59x 16.71x
Price/ Book Ratio 2.7x 2.9x
Weighted Avg. Beta 0.94 1.00

Sector Diversification

Patriot Fund S&P 500
Information Technology 19.25% 20.01%
Health Care 15.28% 15.45%
Financials 13.83% 13.25%
Industrials 9.78% 9.14%
Consumer Discretionary 9.42% 9.89%
Communication Services 7.79% 10.07%
Consumer Staples 7.55% 7.36%
Energy 5.75% 5.29%
Cash 3.90% 0.00%
Utilities 3.08% 3.31%
Real Estate 2.21% 2.93%
Materials 2.15% 2.72%

As-of 12/31/2018

The security holdings are presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the funds may invest, and may not be representative of the fund’s current or future investments. Portfolio holdings are subject to change and should not be considered to be investment advice.

5172-NLD-2/7/2019