SECURITY BENEFIT LIFE INSURANCE CO /KS/

CIK 0000869772 · Q2 2026

13F Equity AUM

$181.5M

-4.6% QoQ

Positions

+1 QoQ

AUM Rank

#8,475

Top 68%

Skill Alpha (FF)

-19.7%/yr^ns

No Clear Edge

Rank #8,249 · Top 99%

vs S&P -31.4%/yr (unadj.)

Quarters Tracked

~7 years

Portfolio Concentration

Top 5: 90.9%Top 10: 98.8%Top 20: 100.0%

ARX37.9%

CLOZ23.7%

CLOX16.2%

SEAT7.9%

TLT5.2%

VMBS2.6%

IVV2.0%

VEA1.4%

GIFT1.3%

VWO0.6%

Others (10)1.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services90.4%

Communication Services7.9%

Other1.8%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 20Median: 0.53%Avg: 5.00%

0–0.5%

10(1.2%)

0.5–1%

1(0.6%)

1–3%

4(7.2%)

3–5%

0(0.0%)

5%+

5(90.9%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 20vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New1Increased0Decreased4Exited0

New Positions

IWM0.3%

+2K

Decreased

VEA1.4%

-25,600(-42%)

VWO0.6%

-3,900(-17%)

IJH0.4%

-1,800(-15%)

IVV2.0%

-400(-8%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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