CAPE ANN SAVINGS BANK

Key Holdings

The portfolio is anchored by large-cap ETFs, which dominate the top positions. The iShares MSCI EAFE ETF (EFA) is the largest holding at $21.43M, representing 11.00% of the portfolio, signaling a strong commitment to international developed markets. This is followed closely by the iShares Core S&P Mid-Cap 400 ETF (IJH) at $16.74M (8.59%) and the iShares Gold Trust (IAU) at $11.64M (5.97%), the latter serving as a distinct inflation hedge and diversification tool.

In terms of individual equities, the "Magnificent Seven" and other mega-cap tech giants feature prominently. Apple Inc. (AAPL) is the top individual stock holding at $9.32M (4.78%), followed by Microsoft (MSFT) at $7.13M (3.66%) and Alphabet (GOOGL) at $7.04M (3.61%). The presence of iShares S&P 500 (IVV) at $10.15M (5.21%) further reinforces the base strategy of tracking the U.S. equity market while overlaying specific stock picks. Notably, the portfolio holds significant weight in financial giants like JPMorgan (JPM) and BlackRock (BLK), as well as industrial leaders like General Dynamics.