Top 10 Holdings as of March 31,2024

GCAM performance reflects returns of the Poppe family account that serves as GCAM’s model portfolio. This account does not pay a 1% management fee, but the performance presented here assumes the deduction of an annualized 1% management fee to show what a client account’s performance would have been if it had been invested the same as the family account during the period. The returns include reinvestment of dividends and other earnings. Past performance is not necessarily indicative of future results. The S&P 500 Index is an unmanaged, capitalization-weighted index of the common stocks of 500 major U.S. corporations. The Index does not incur expenses and is not available for investment. Portfolio holdings and weightings are as of the date indicated and are subject to change without notice.