BEACON FINANCIAL GROUP
CIK 1591379 · View on SEC EDGAR ↗
- Portfolio value
- $1.1B
- Positions
- 377
- As of
- June 30, 2026
#2,298 of 9,443 by 13F value · top 24.3%
Portfolio value QoQ: +9.8% 13F does not disclose cash
- Top 10 holdings weight
- 27.25%
- Top 25 holdings weight
- 46.37%
- Positions above 1%
- 21
- Effective number of positions
- 76.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 5.74% Est. buys $100,568,967 · sells $60,349,411
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 84.3% still held
- New positions
- 43
- Increased
- 120
- Decreased
- 185
- Closed
- 14
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
8.3%
Financials
3.2%
Industrials
3.1%
Energy
2.5%
Healthcare
2.5%
Financial Services
2.3%
Communication Services
1.8%
Retail
1.8%
Consumer Staples
1.1%
Real Estate
1.0%
Consumer Discretionary
0.8%
Materials
0.7%
Utilities
0.6%
Communications
0.5%
Consumer products
0.4%
Telecommunication
0.2%
Logistics & Transportation
0.1%
Packaging
0.0%
Other/Unmapped
68.9%
Full portfolio 377 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| DGRW WisdomTree U.S. Quality Dividend Growth Fund | $55,507,360 | 5.04% | 580,499 | $5,026,430 | Up ×1 | ||
| IVV | $48,401,463 | 4.40% | 64,631 | $22,414,667 | Up ×4 | ||
| VUG | $31,449,730 | 2.86% | 365,100 | $5,272,683 | Up ×4 | ||
| VYM | $27,380,072 | 2.49% | 173,259 | $1,361,098 | Down ×6 | ||
| DYNF | $25,688,384 | 2.33% | 377,715 | $4,186,430 | Up ×1 | ||
| BRKB | $24,034,232 | 2.18% | 48,031 | $1,035,986 | Up ×3 | ||
| FDL | $23,245,063 | 2.11% | 477,704 | $-731,828 | Up ×1 | ||
| VTV | $21,804,589 | 1.98% | 100,053 | $-980,610 | Down ×2 | ||
| BIL | $21,253,655 | 1.93% | 231,926 | $-1,625,717 | Down ×2 | ||
| ITOT | $21,094,232 | 1.92% | 128,412 | $3,376,183 | Up ×2 | ||
| FVD | $20,269,390 | 1.84% | 420,701 | $778,693 | Up ×1 | ||
| TFLO | $19,283,219 | 1.75% | 380,865 | $-3,490,556 | Down ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $18,524,423 | 1.68% | 92,580 | $2,940,850 | Up ×1 | ||
| RDVY First Trust Rising Dividend Achievers ETF | $18,000,165 | 1.64% | 222,060 | $2,175,047 | Down ×6 | ||
| BLCR iShares Large Cap Core Active ETF | $14,938,290 | 1.36% | 296,571 | $6,131,166 | Up ×1 | ||
| BAI | $14,301,452 | 1.30% | 271,272 | $3,862,139 | Down ×1 | ||
| CORO iShares International Country Rotation Active ETF | $13,762,222 | 1.25% | 376,017 | $2,261,640 | Up ×1 | ||
| AAPL Apple Inc. - Common Stock | $13,222,809 | 1.20% | 45,697 | $2,228,915 | Up ×1 | ||
| VWO | $12,784,597 | 1.16% | 214,183 | $-3,192,546 | Down ×2 | ||
| JPM JP Morgan Chase & Co. Common Stock | $12,447,341 | 1.13% | 38,027 | $1,196,198 | Down ×6 | ||
| VTI | $11,297,017 | 1.03% | 30,529 | $1,421,648 | Down ×4 | ||
| SPTM | $10,599,084 | 0.96% | 116,743 | $586,103 | Down ×6 | ||
| FQAL | $10,544,096 | 0.96% | 129,597 | $396,965 | Down ×6 | ||
| MTUM | $10,533,457 | 0.96% | 30,725 | $906,740 | Down ×1 | ||
| BOXX | $9,814,411 | 0.89% | 83,819 | $1,783,961 | Up ×2 | ||
| MBB iShares MBS ETF | $9,727,309 | 0.88% | 102,913 | $1,043,788 | Up ×6 | ||
| XDEC | $9,672,646 | 0.88% | 225,812 | $1,003,285 | Up ×2 | ||
| XOM Exxon Mobil Corporation Common Stock | $9,534,406 | 0.87% | 69,737 | $-2,889,259 | Down ×6 | ||
| FNDF | $9,460,500 | 0.86% | 179,312 | $-556,769 | Down ×2 | ||
| CGGR | $8,458,087 | 0.77% | 179,197 | $-1,440,417 | Down ×2 | ||
| TLH | $8,307,412 | 0.75% | 82,784 | $610,364 | Up ×2 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $8,222,505 | 0.75% | 23,008 | $2,098,283 | Up ×6 | ||
| AVGO Broadcom Inc. - Common Stock | $8,196,821 | 0.74% | 21,699 | $1,638,359 | Up ×2 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $8,171,619 | 0.74% | 19,177 | $1,038,206 | Down ×6 | ||
| TXN Texas Instruments Incorporated - Common Stock | $8,080,906 | 0.73% | 27,111 | $2,721,086 | Down ×6 | ||
| GOVT | $7,921,107 | 0.72% | 347,722 | $600,629 | Up ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $7,826,681 | 0.71% | 20,982 | $367,723 | Up ×1 | ||
| VIG | $7,792,712 | 0.71% | 32,933 | $246,888 | Down ×6 | ||
| SHLD | $7,696,828 | 0.70% | 128,904 | $432,292 | Up ×3 | ||
| V Visa Inc. | $7,620,491 | 0.69% | 22,211 | $819,837 | Down ×1 | ||
| THRO | $7,320,935 | 0.67% | 169,820 | $-1,106,508 | Down ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $7,181,939 | 0.65% | 30,133 | $1,217,468 | Up ×1 | ||
| ICSH | $7,065,156 | 0.64% | 139,683 | $-27,656 | Down ×1 | ||
| IALT iShares Systematic Alternatives Active ETF | $6,649,058 | 0.60% | 237,043 | Up ×1 | |||
| BNDX Vanguard Total International Bond ETF | $6,585,392 | 0.60% | 135,978 | $922,533 | Up ×4 | ||
| JAAA | $6,547,039 | 0.60% | 129,670 | $1,555,724 | Up ×1 | ||
| LAMR Lamar Advertising Company - Class A Common Stock | $6,507,522 | 0.59% | 41,720 | $1,085,550 | Down ×6 | ||
| WFC Wells Fargo & Company Common Stock | $6,346,419 | 0.58% | 76,796 | $78,468 | Down ×6 | ||
| BINC | $6,067,881 | 0.55% | 115,932 | $588,175 | Up ×6 | ||
| KMI Kinder Morgan, Inc. Common Stock | $5,653,238 | 0.51% | 176,829 | $-486,124 | Down ×6 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $5,543,384 | 0.50% | 15,689 | $905,478 | Down ×1 | ||
| RSG Republic Services, Inc. Common Stock | $5,343,666 | 0.49% | 25,078 | $-236,924 | Down ×6 | ||
| WMT Walmart Inc. - Common Stock | $5,076,656 | 0.46% | 44,823 | $-457,079 | Up ×3 | ||
| SPYM | $4,725,571 | 0.43% | 53,773 | $955,211 | Up ×2 | ||
| BALT | $4,677,272 | 0.43% | 136,483 | $168,834 | Up ×1 | ||
| EMLP | $4,649,607 | 0.42% | 106,888 | $-155,276 | Down ×6 | ||
| BLK BlackRock, Inc. Common Stock | $4,595,428 | 0.42% | 4,779 | $-137,472 | Down ×6 | ||
| WM Waste Management, Inc. Common Stock | $4,476,213 | 0.41% | 20,084 | $-232,512 | Down ×6 | ||
| SFLR | $4,400,564 | 0.40% | 114,063 | $255,851 | Down ×2 | ||
| DUK Duke Energy Corporation (Holding Company) Common Stock | $4,360,615 | 0.40% | 34,449 | $-337,535 | Down ×6 | ||
| KO Coca-Cola Company (The) Common Stock | $4,331,768 | 0.39% | 53,301 | $161,562 | Down ×6 | ||
| PSX Phillips 66 Common Stock | $4,327,369 | 0.39% | 25,598 | $-410,902 | Down ×6 | ||
| DON | $4,314,381 | 0.39% | 76,334 | $-151,173 | Down ×6 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $4,180,536 | 0.38% | 22,623 | $1,035,606 | Down ×5 | ||
| JNJ Johnson & Johnson Common Stock | $4,101,429 | 0.37% | 16,149 | $54,463 | Down ×6 | ||
| FLOT | $4,096,542 | 0.37% | 80,246 | $1,049,218 | Up ×2 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $3,968,597 | 0.36% | 7,045 | $213,500 | Up ×2 | ||
| MCK McKesson Corporation Common Stock | $3,834,280 | 0.35% | 5,074 | $-752,449 | Down ×6 | ||
| VEA | $3,783,945 | 0.34% | 53,108 | $376,427 | Down ×3 | ||
| DFEB | $3,761,386 | 0.34% | 74,494 | $117,018 | Down ×6 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $3,669,870 | 0.33% | 7,684 | $1,103,321 | Up ×5 | ||
| USFR | $3,649,802 | 0.33% | 72,489 | $-111,983 | Down ×6 | ||
| ORCL Oracle Corporation Common Stock | $3,620,827 | 0.33% | 24,707 | $-92,268 | Down ×1 | ||
| APD Air Products and Chemicals, Inc. Common Stock | $3,562,613 | 0.32% | 12,152 | $133,707 | Up ×1 | ||
| HDV | $3,480,382 | 0.32% | 126,975 | $-152,969 | Up ×2 | ||
| UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) | $3,470,897 | 0.32% | 57,733 | $326,837 | Up ×2 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $3,369,055 | 0.31% | 28,683 | $1,055,330 | Down ×6 | ||
| CB Chubb Limited Common Stock | $3,337,320 | 0.30% | 9,794 | $28,805 | Down ×1 | ||
| IAU | $3,333,162 | 0.30% | 44,142 | $-612,438 | Down ×2 | ||
| AMGN Amgen Inc. - Common Stock | $3,246,159 | 0.30% | 8,964 | $52,050 | Down ×6 | ||
| O Realty Income Corporation Common Stock | $3,170,646 | 0.29% | 51,172 | $-124,107 | Down ×6 | ||
| NVS Novartis AG Common Stock | $3,170,567 | 0.29% | 20,231 | $39,532 | Down ×1 | ||
| ADI Analog Devices, Inc. - Common Stock | $2,990,823 | 0.27% | 7,530 | $494,990 | Down ×1 | ||
| SCHW Charles Schwab Corporation (The) Common Stock | $2,962,080 | 0.27% | 32,102 | $-73,127 | Down ×1 | ||
| XLE XLE | $2,947,403 | 0.27% | 55,496 | $-508,588 | Down ×2 | ||
| EPS | $2,913,185 | 0.26% | 37,449 | $327,842 | Down ×6 | ||
| MU Micron Technology, Inc. - Common Stock | $2,911,289 | 0.26% | 2,522 | $2,166,667 | Up ×1 | ||
| RDVI | $2,909,174 | 0.26% | 98,952 | $613,522 | Up ×4 | ||
| BAC Bank of America Corporation Common Stock | $2,876,729 | 0.26% | 50,487 | $490,685 | Up ×1 | ||
| LMT Lockheed Martin Corporation Common Stock | $2,865,151 | 0.26% | 5,624 | $-632,181 | Down ×6 | ||
| QUAL | $2,862,292 | 0.26% | 13,044 | $-2,534,201 | Down ×1 | ||
| DJAN | $2,853,126 | 0.26% | 62,673 | $-69,950 | Down ×1 | ||
| IWB | $2,832,137 | 0.26% | 6,916 | $52,729 | Down ×5 | ||
| BALI | $2,792,021 | 0.25% | 82,531 | $903,946 | Up ×3 | ||
| ABBV AbbVie Inc. Common Stock | $2,729,648 | 0.25% | 10,847 | $421,161 | Up ×5 | ||
| SGOV iShares 0-3 Month Treasury Bond ETF | $2,683,665 | 0.24% | 26,658 | $-1,553,504 | Down ×1 | ||
| GD General Dynamics Corporation Common Stock | $2,668,681 | 0.24% | 7,534 | $89,688 | Up ×2 | ||
| PM Philip Morris International Inc Common Stock | $2,539,477 | 0.23% | 14,037 | $137,653 | Down ×1 | ||
| SBUX Starbucks Corporation - Common Stock | $2,532,408 | 0.23% | 24,781 | $120,944 | Down ×6 | ||
| BK The Bank of New York Mellon Corporation Common Stock | $2,509,114 | 0.23% | 17,351 | $453,950 | Up ×2 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| IVV | $48,401,463 | 4.40% | up ×4 |
| VUG | $31,449,730 | 2.86% | up ×4 |
| BRKB | $24,034,232 | 2.18% | up ×3 |
| MBB | $9,727,309 | 0.88% | up ×6 |
| GOOGL | $8,222,505 | 0.75% | up ×6 |
| SHLD | $7,696,828 | 0.70% | up ×3 |
| BNDX | $6,585,392 | 0.60% | up ×4 |
| BINC | $6,067,881 | 0.55% | up ×6 |
| WMT | $5,076,656 | 0.46% | up ×3 |
| TSM | $3,669,870 | 0.33% | up ×5 |
| RDVI | $2,909,174 | 0.26% | up ×4 |
| BALI | $2,792,021 | 0.25% | up ×3 |
| ABBV | $2,729,648 | 0.25% | up ×5 |
| UPBD | $1,615,017 | 0.15% | up ×3 |
| KLAC | $1,553,505 | 0.14% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| IALT | $6,649,058 | 237,043 | 0.60% |
| SECU | $988,939 | 19,834 | 0.09% |
| BILT | $856,345 | 30,551 | 0.08% |
| RYN | $555,919 | 26,124 | 0.05% |
| SNDK | $550,243 | 242 | 0.05% |
| IEF | $528,363 | 5,587 | 0.05% |
| MRVL | $489,135 | 1,642 | 0.04% |
| EUFN | $462,613 | 11,865 | 0.04% |
| Unknown issuer (CUSIP: 438516205) | $415,558 | 1,856 | 0.04% |
| Unknown issuer (CUSIP: 43849R105) | $410,324 | 1,856 | 0.04% |
| DELL | $404,278 | 937 | 0.04% |
| IBDY | $398,043 | 15,461 | 0.04% |
| WDC | $364,709 | 571 | 0.03% |
| Unknown issuer (CUSIP: 84615Q103) | $360,685 | 2,111 | 0.03% |
| STX | $349,330 | 362 | 0.03% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| IVV | Bought more | +25K | +$22.4M |
| BLCR | Bought more | +82K | +$6.1M |
| VUG | Bought more | +305K | +$5.3M |
| DGRW | Bought more | +6K | +$5.0M |
| DYNF | Bought more | +8K | +$4.2M |
| BAI | Trimmed | -46K | +$3.9M |
| TFLO | Trimmed | -69K | -$3.5M |
| ITOT | Bought more | +4K | +$3.4M |
| VWO | Trimmed | -81K | -$3.2M |
| NVDA | Bought more | +3K | +$2.9M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| ULXXXX | Dec. 31, 2025 | 65,860 | $3,904,196 | No longer tracked |
| IGRO | Dec. 31, 2025 | 35,205 | $2,804,745 | No longer tracked |
| BSCP | Dec. 31, 2025 | 125,227 | $2,590,946 | No longer tracked |
| SCHY | March 31, 2025 | 50,625 | $1,170,439 | No longer tracked |
| SHYG | June 30, 2025 | 25,647 | $1,090,494 | No longer tracked |
| CLOA | March 31, 2025 | 19,278 | $998,019 | |
| CLOA | June 30, 2026 | 18,905 | $979,941 | |
| HON | June 30, 2026 | 3,960 | $894,991 | -1.2% |
| OMC | March 31, 2025 | 9,436 | $811,857 | 5.2% |
| IGF | June 30, 2026 | 9,707 | $650,356 | |
| FISV | Dec. 31, 2025 | 4,893 | $630,835 | -23.5% |
| HSY | March 31, 2026 | 3,224 | $586,786 | -8.5% |
| PFFV | Dec. 31, 2025 | 23,985 | $554,537 | No longer tracked |
| DJUL | June 30, 2025 | 11,598 | $474,366 | No longer tracked |
| SSNC | March 31, 2026 | 5,076 | $443,744 | 22.2% |
| IWX | June 30, 2025 | 5,376 | $441,800 | No longer tracked |
| IFF | June 30, 2025 | 5,678 | $440,670 | 13.0% |
| CMA | March 31, 2026 | 4,941 | $429,531 | No longer tracked |
| ELV | Dec. 31, 2025 | 1,261 | $407,339 | 12.6% |
| ROP | Sept. 30, 2025 | 708 | $401,323 | -17.9% |
| DMAR | Sept. 30, 2025 | 10,000 | $395,700 | No longer tracked |
| SDS | June 30, 2025 | 18,250 | $391,645 | No longer tracked |
| GEHC | March 31, 2026 | 4,689 | $384,592 | 5.1% |
| BNDW | March 31, 2026 | 5,556 | $381,921 | |
| DELL | March 31, 2026 | 3,028 | $381,153 | 164.0% |
| SPXU | Sept. 30, 2025 | 22,080 | $370,944 | No longer tracked |
| DGRO | June 30, 2025 | 5,997 | $370,481 | No longer tracked |
| XLU | June 30, 2026 | 7,778 | $356,933 | No longer tracked |
| WHR | March 31, 2025 | 3,073 | $351,809 | -55.2% |
| PCAR | March 31, 2025 | 3,262 | $339,313 | 30.8% |
| FJAN | June 30, 2025 | 7,496 | $332,448 | No longer tracked |
| CME | March 31, 2026 | 1,173 | $320,253 | -8.9% |
| DAUG | Dec. 31, 2025 | 7,264 | $316,903 | No longer tracked |
| STT | March 31, 2025 | 3,164 | $310,534 | 107.1% |
| EPD | Sept. 30, 2025 | 9,992 | $309,851 | 22.7% |
| NSC | March 31, 2025 | 1,257 | $295,018 | 46.4% |
| SAP | Dec. 31, 2025 | 1,084 | $289,656 | -11.0% |
| QLTA | March 31, 2026 | 5,958 | $286,520 | No longer tracked |
| ADBE | March 31, 2026 | 816 | $285,560 | 12.7% |
| OXY | Dec. 31, 2025 | 5,849 | $276,365 | 50.4% |
| BMY | June 30, 2025 | 4,395 | $268,025 | 44.3% |
| HYLS | June 30, 2026 | 6,577 | $266,828 | |
| TLT | June 30, 2026 | 3,020 | $261,804 | |
| WABC | March 31, 2025 | 4,990 | $261,798 | 14.2% |
| DEO | June 30, 2025 | 2,471 | $258,936 | -7.2% |
| MCD | Dec. 31, 2025 | 844 | $256,475 | -11.4% |
| GLDM | June 30, 2026 | 2,733 | $253,322 | No longer tracked |
| FTSL | Sept. 30, 2025 | 5,518 | $253,232 | |
| DHR | Sept. 30, 2025 | 1,276 | $252,061 | 8.2% |
| MDLZ | June 30, 2025 | 3,612 | $245,053 | -4.3% |
| VWOB | March 31, 2026 | 3,577 | $241,197 | |
| COF | March 31, 2026 | 983 | $238,325 | 17.1% |
| AVEM | June 30, 2026 | 2,937 | $236,663 | No longer tracked |
| TRP | March 31, 2025 | 5,062 | $235,518 | 34.0% |
| IGV | March 31, 2026 | 2,223 | $234,949 | No longer tracked |
| DIVB | June 30, 2025 | 4,821 | $233,915 | No longer tracked |
| DD | June 30, 2026 | 5,070 | $232,206 | 3.0% |
| DHR | March 31, 2026 | 1,005 | $230,065 | 13.2% |
| TGT | Sept. 30, 2025 | 2,300 | $226,895 | 78.7% |
| PYPL | Sept. 30, 2025 | 3,023 | $224,669 | -8.0% |
| UGI | June 30, 2026 | 6,169 | $224,663 | 11.4% |
| BA | June 30, 2025 | 1,310 | $223,421 | 4.6% |
| TMO | March 31, 2026 | 382 | $221,350 | 26.1% |
| CASS | Sept. 30, 2025 | 5,092 | $221,241 | 41.6% |
| MYCG | Dec. 31, 2025 | 8,798 | $220,801 | |
| MYCH | Dec. 31, 2025 | 8,783 | $220,761 | |
| HPQ | March 31, 2025 | 6,708 | $218,872 | 7.2% |
| SHW | March 31, 2026 | 673 | $218,072 | 7.2% |
| NVO | March 31, 2026 | 4,248 | $216,138 | 26.6% |
| VNQ | Dec. 31, 2025 | 2,339 | $213,831 | No longer tracked |
| DSEP | Dec. 31, 2025 | 4,791 | $211,762 | No longer tracked |
| MCD | June 30, 2026 | 680 | $211,357 | 0.2% |
| SLB | June 30, 2025 | 5,021 | $209,863 | 60.1% |
| UNM | March 31, 2026 | 2,706 | $209,707 | 19.4% |
| ACN | March 31, 2025 | 596 | $209,667 | -40.7% |
| LMBS | Sept. 30, 2025 | 4,226 | $208,173 | |
| SYK | Sept. 30, 2025 | 526 | $207,907 | -8.1% |
| PRU | June 30, 2026 | 2,103 | $205,442 | 12.7% |
| STZ | March 31, 2025 | 929 | $205,309 | -27.9% |
| IEFA | Dec. 31, 2025 | 2,328 | $203,214 | No longer tracked |
| TJX | March 31, 2025 | 1,673 | $202,153 | 16.4% |
| CASS | June 30, 2026 | 4,589 | $202,002 | 8.5% |
| USB | June 30, 2025 | 4,774 | $201,558 | 38.2% |
| CRWD | Sept. 30, 2025 | 395 | $201,177 | -59.6% |
| WHR | Sept. 30, 2025 | 1,980 | $200,812 | -48.6% |
| ACN | March 31, 2026 | 746 | $200,152 | -6.7% |
| WBA | June 30, 2025 | 10,795 | $120,580 | No longer tracked |
| NVTS | Sept. 30, 2025 | 13,139 | $86,060 | 77.3% |
| WIT | Sept. 30, 2025 | 13,202 | $39,870 | -26.2% |
| CAN | June 30, 2026 | 16,091 | $6,948 | -4.7% |