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Does Somebody Up There Favor This Fund?

Q: You mentioned you avoid the major drug companies, but 2% of your holdings are in Eli Lilly (LLY ) stock.

A: It was an exception because it doesn't make contraceptives. But then it announced it would offer nonmarital partner benefits. We have written to them telling them we will have to sell the stock. They said that it was too bad. But they felt they had to offer the benefits for competitive reasons.

The Aging of Abercrombie & Fitch
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