IBT

International Biotechnology Trust Portfolio holdings

AUM $297M

2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4

This Quarter Return

-4.35%

1 Year Return

+17.25%

3 Year Return

+11.14%

5 Year Return

+79.35%

10 Year Return

–

AUM

$222M

AUM Growth

–

Cap. Flow

+$222M

Cap. Flow % of AUM

100%

Top 10 Holdings % Top 10 Hldgs %

61.86%

Holding

New

Increased

–

Reduced

–

Closed

–

Top Buys

1	CELG Celgene Corp CELG	$21M
2	Biogen BIIB	$18.7M
3	ALXN Alexion Pharmaceuticals Inc ALXN	$16.4M
4	SHPG Shire pic SHPG	$16.2M
5	TSRO TESARO, Inc. TSRO	$12.7M

Top Sells

No sells this quarter

Sector Composition

Healthcare

93.99%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	SGYP 26 DELISTED Synergy Pharmaceuticals, Inc Common Stock SGYP	$1.9M	0.86%	+312,000	New	+$1.9M
27	ALDR 27 DELISTED Alder Biopharmaceuticals, Inc. ALDR	$1.66M	0.75%	+80,000	New	+$1.66M
28	KITE 28 DELISTED Kite Pharma, Inc. KITE	$1.64M	0.74%	+36,500	New	+$1.64M
29	29 Neurocrine Biosciences NBIX $13.6B	$1.56M	0.7%	+40,264	New	+$1.56M
30	30 Acadia Pharmaceuticals ACAD $4.29B	$1.46M	0.66%	+50,458	New	+$1.46M
31	NDRM 31 DELISTED NeuroDerm Ltd. Ordinary Shares NDRM	$1.44M	0.65%	+65,000	New	+$1.44M
32	HZNP 32 DELISTED Horizon Therapeutics Public Limited Company Ordinary Shares HZNP	$1.37M	0.62%	+85,000	New	+$1.37M
33	DERM 33 DELISTED Dermira, Inc. DERM	$1.36M	0.61%	+45,000	New	+$1.36M
34	34 Xencor XNCR $585M	$1.26M	0.57%	+48,000	New	+$1.26M
35	TRIL 35 DELISTED Trillium Therapeutics Inc. TRIL	$1.25M	0.56%	+221,847	New	+$1.25M
36	ASXC 36 DELISTED Asensus Surgical, Inc. ASXC	$1.16M	0.52%	+68,391	New	+$1.16M
37	37 MacroGenics MGNX $119M	$1.1M	0.5%	+54,000	New	+$1.1M
38	38 Ironwood Pharmaceuticals IRWD $187M	$903K	0.41%	+70,446	New	+$903K
39	SAGE 39 DELISTED Sage Therapeutics SAGE	$867K	0.39%	+16,996	New	+$867K
40	GWPH 40 DELISTED GW Pharmaceuticals Plc American Depositary Shares GWPH	$838K	0.38%	+7,500	New	+$838K
41	RDUS 41 DELISTED Radius Health, Inc. RDUS	$753K	0.34%	+19,799	New	+$753K
42	42 Nektar Therapeutics NKTR $638M	$736K	0.33%	+4,000	New	+$736K
43	43 Sarepta Therapeutics SRPT $1.94B	$576K	0.26%	+21,000	New	+$576K
44	44 Halozyme HALO $8.81B	$572K	0.26%	+58,000	New	+$572K
45	ARRY 45 DELISTED Array Biopharma Inc ARRY	$571K	0.26%	+65,000	New	+$571K
46	XLRN 46 DELISTED Acceleron Pharma Inc. XLRN	$475K	0.21%	+18,606	New	+$475K
47	ACOR 47 DELISTED Acorda Therapeutics, Inc. ACOR	$414K	0.19%	+183	New	+$414K
48	ADAP 48 Adaptimmune Therapeutics ADAP $13M	$387K	0.17%	+96,419	New	+$387K
49	49 Amicus Therapeutics FOLD $2.44B	$273K	0.12%	+55,000	New	+$273K