As an example, Amgen (NASDAQ: AMGN) , which makes up 7.4% of the weight of the fund, dove following its third-quarter results. Regardless of whether Hillary Clinton or Donald Trump heads into the Oval Office, both candidates agree that prescription drug inflation is currently too high. A quick scan of some of the market's largest biotech companies shows that many are trading at single-digit forward P/Es , or below a PEG of 1 (a level considered to be fundamentally cheap).