SECURITY BENEFIT LIFE INSURANCE CO /KS/

CIK 0000869772 · Q1 2026

13F Equity AUM

$190.3M

-21.4% QoQ

Positions

0 QoQ

AUM Rank

#7,603

Top 61%

Skill Alpha (FF)

-20.5%/yr^ns

No Clear Edge

Rank #8,162 · Top 99%

vs S&P -31.8%/yr (unadj.)

Quarters Tracked

~7 years

Portfolio Concentration

Top 5: 90.4%Top 10: 98.8%Top 20: 100.0%

ARX41.2%

CLOZ21.9%

CLOX15.4%

SEAT6.8%

TLT5.0%

VMBS2.5%

VEA2.1%

IVV1.8%

GIFT1.3%

EVEX/WS0.9%

Others (9)1.2%

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

Sector Allocation

Financial Services90.9%

Communication Services6.8%

Other2.2%

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

Position Sizing

Positions: 19Median: 0.86%Avg: 5.26%

0–0.5%

8(0.5%)

0.5–1%

2(1.5%)

1–3%

4(7.6%)

3–5%

0(0.0%)

5%+

5(90.4%)

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

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Portfolio Overlap

Shared: 9Unique: 10vs 20 funds

0.1%Low

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

0.2%

FMR LLC

0.2%

JPMORGAN CHASE & CO

0.1%

BANK OF AMERICA CORP /DE/

0.1%

BlackRock, Inc.

0.1%

STATE STREET CORP

0.1%

VANGUARD CAPITAL MANAGEMENT LLC

0.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

GEODE CAPITAL MANAGEMENT, LLC

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New0Increased1Decreased4Exited0

Increased

IJH0.4%

+6K(+107%)

Decreased

CLOX15.4%

-1,108,532(-49%)

VEA2.1%

-8,100(-12%)

VWO0.7%

-4,300(-15%)

IVV1.8%

-1,300(-20%)

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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