NYSE | ETF
The fund is an actively managed exchange traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities.
The managers define "equity securities" to mean common stock, depositary receipts (e.g., American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs")), equity interests in real estate investment trusts ("REITs") and master limited partnerships ("MLPs").
The fund is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| TDW | Tidewater Inc | Energy | Oil & Gas Equipment & Services | 12.12% |
| TLN | Talen Energy Corporation | Utilities | Utilities - Independent Power Producers | 9.46% |
| TLNE | Talen Energy Corporation | Utilities | Utilities - Independent Power Producers | 8.56% |
| IHS | IHS Holding Ltd | Real Estate | Real Estate Services | 7.96% |
| FGXXX | First American Funds Inc. - Government Obligations Fund | 7.46% | ||
| VAL | Valaris Ltd | Energy | Oil & Gas Equipment & Services | 6.62% |
| MELI | MercadoLibre Inc. | Consumer Cyclical | Internet Retail | 4.71% |
| HCC | Warrior Met Coal Inc | Basic Materials | Coking Coal | 4.69% |
| LYG | Lloyds Banking Group PLC ADR | Financial Services | Banks - Regional | 4.18% |
| ACIC | American Coastal Insurance Corp | Financial Services | Insurance - Property & Casualty | 4.08% |
| CVNA | Carvana Co | Consumer Cyclical | Auto & Truck Dealerships | 4.02% |
| PDD | PDD Holdings Inc. | Consumer Cyclical | Internet Retail | 3.84% |
| AMR | Alpha Metallurgical Resources Inc | Basic Materials | Coking Coal | 3.59% |
| AMZN | Amazon.com Inc | Consumer Cyclical | Internet Retail | 3.54% |
| TDUP | ThredUp Inc | Consumer Cyclical | Internet Retail | 3.17% |
| RYCEY | Rolls Royce Holdings plc | Industrials | Aerospace & Defense | 3.08% |
| UBER | Uber Technologies Inc | Technology | Software - Application | 3.04% |
| ASPI | ASP Isotopes Inc. Common Stock | Basic Materials | Chemicals | 2.55% |
| BLDR | Builders FirstSource Inc | Industrials | Building Products & Equipment | 2.51% |
| SDRL | Seadrill Ltd | Energy | Oil & Gas Drilling | 2.00% |