CenturyLink Investment Management Co

2. Key Holdings

The sole holding in the portfolio is the iShares Core S&P 500 ETF (IVV), which accounts for 100.00% of the total assets, valued at $96.85 million. The firm holds approximately 141,000 shares of this ETF. IVV is a large-blend ETF that tracks the S&P 500 index, providing exposure to 500 of the largest U.S. companies. By holding the entirety of the portfolio in IVV, the firm effectively gains exposure to the entire U.S. equity market's large-cap sector through a single, highly liquid transaction. The dominance of this single position eliminates idiosyncratic risk associated with individual stocks, aligning the portfolio's performance directly with the broader U.S. economy.

3. Sector Allocation

Given that the portfolio consists entirely of one exchange-traded fund, the sector allocation is fully represented by the ETF category. While the underlying asset (IVV) is diversified across sectors such as Technology, Healthcare, Financials, and Consumer Discretionary, from a 13F reporting perspective, the exposure is monolithic. There are no distinct tilts toward specific industries (like Energy or Utilities) at the manager selection level; rather, the manager has opted for a "market-neutral" stance regarding sector weightings, accepting the standard sector weights of the S&P 500 index.