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Institutional Investment Manager
Morningstar Investment Services LLC
Morningstar Investment Services LLC (CIK: 0001478215) incorporated in Delaware, located at 22 West Washington Street, Chicago, IL. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q3)
Portfolio Summary: 220 holdings with a total value of $3,457,638,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 CERNER CORP 369,928 22,843,000 0.66%
52 EMERSON ELEC CO 413,797 22,556,000 0.65%
53 NOVARTIS A G 281,268 22,209,000 0.64%
54 VANGUARD INDEX FDS 169,489 21,939,000 0.63%
55 ALPHABET INC 28,055 21,807,000 0.63%
56 ALPHABET INC 26,133 21,012,000 0.61%
57 VANECK VECTORS ETF TR 1,096,835 20,928,000 0.61%
58 UNILEVER PLC 440,053 20,859,000 0.60%
59 COOPER COS INC 111,857 20,051,000 0.58%
60 UNION PAC CORP 199,872 19,494,000 0.56%
61 MCKESSON CORP 115,732 19,298,000 0.56%
62 UNITED TECHNOLOGIES CORP 185,180 18,814,000 0.54%
63 BLACKROCK INC 51,719 18,746,000 0.54%
64 HIGHLAND FDS I 979,636 18,260,000 0.53%
65 SCHWAB US TIPS ETF 316,339 18,057,000 0.52%
66 AMERICAN EXPRESS CO 279,868 17,923,000 0.52%
67 PAYPAL HLDGS INC 436,982 17,903,000 0.52%
68 GENERAL DYNAMICS CORP 114,799 17,812,000 0.52%
69 ALLIANT ENERGY CORP 451,176 17,285,000 0.50%
70 VANGUARD INDEX FDS 129,641 17,084,000 0.49%
71 QUALCOMM INC 233,835 16,018,000 0.46%
72 BAIDU INC 87,406 15,914,000 0.46%
73 SPECTRA ENERGY PARTNERS LP 352,375 15,395,000 0.45%
74 BANK NEW YORK MELLON CORP 365,218 14,565,000 0.42%
75 SPDR SERIES TRUST 502,261 14,485,000 0.42%
76 EBAY INC 404,958 13,323,000 0.39%
77 WAL-MART STORES INC 179,610 12,953,000 0.37%
78 VANGUARD INDEX FDS 142,173 12,332,000 0.36%
79 AMGEN INC 70,895 11,826,000 0.34%
80 ENTERPRISE PRODS PARTNERS L 419,114 11,580,000 0.33%
81 ENBRIDGE INC 261,111 11,549,000 0.33%
82 AMERIGAS PARTNERS L P 248,779 11,359,000 0.33%
83 DISCOVER FINL SVCS 199,964 11,308,000 0.33%
84 VARIAN MED SYS INC 112,283 11,176,000 0.32%
85 CONTINENTAL RESOURE 198,275 10,302,000 0.30%
86 VANGUARD MORTG-BACK SEC ETF 177,645 9,586,000 0.28%
87 CISCO SYS INC 300,504 9,532,000 0.28%
88 US BANCORP DEL 217,599 9,333,000 0.27%
89 CABOT OIL & GAS CORP 354,784 9,153,000 0.26%
90 LABORATORY CORP AMER HLDGS 65,797 9,046,000 0.26%
91 ISHARES TR 135,325 8,190,000 0.24%
92 CITIGROUPINC 172,852 8,164,000 0.24%
93 PEPSICO INC 72,440 7,879,000 0.23%
94 CARMAX INC 143,676 7,665,000 0.22%
95 ISHARES TR 35,144 7,646,000 0.22%
96 VANGUARD LONG TERM BOND ETF 77,425 7,634,000 0.22%
97 POWERSHARES ETF TRUST II 318,864 7,401,000 0.21%
98 BERKLEY W R CORP 126,192 7,289,000 0.21%
99 GENERAL MTRS CO 215,813 6,856,000 0.20%
100 ISHARES TR 58,283 6,789,000 0.20%
Page 2 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001104659-16-155835, filed 2016.11.09).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.