NYSE ARCA | ETF
The Advisor buys and sells securities for the Portfolio with the goals of: (i) delaying and minimizing the realization of net capital gains (e.g., selling stocks with capital losses to offset gains, realized or anticipated); and (ii) maximizing the extent to which any realized net capital gains are long-term in nature (i.e., taxable at lower capital gains tax rates).
The fund is designed to generally purchase securities of large non-U.S. companies in countries with developed markets that the Advisor determines to be lower relative price stocks.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| SHEL | Shell PLC ADR | Energy | Oil & Gas Integrated | 2.97% |
| L3H | SHELL PLC WI ADR/2 | Energy | Oil & Gas Integrated | 2.84% |
| 7203 | Toyota Motor Corp | Consumer Cyclical | Auto Manufacturers | 2.14% |
| SAN | Banco Santander S.A. | Financial Services | Banks - Diversified | 2.11% |
| TTE | TotalEnergies SE | Energy | Oil & Gas Integrated | 1.81% |
| FP | TotalEnergies SE | Energy | Oil & Gas Integrated | 1.73% |
| HSBC | HSBC Holdings PLC ADR | Financial Services | Banks - Diversified | 1.29% |
| GLE | Societe Generale S.A. | Financial Services | Banks - Regional | 1.22% |
| 8640 | Toronto Dominion Bank | 1.21% | ||
| TD | Toronto Dominion Bank | Financial Services | Banks - Diversified | 1.18% |
| BAS | BASF SE | Basic Materials | Chemicals | 1.16% |
| ZURN | Zurich Insurance Group AG | Financial Services | Insurance - Diversified | 1.16% |
| BP | BP PLC ADR | Energy | Oil & Gas Integrated | 1.09% |
| ABX | Barrick Gold Corp | Basic Materials | Gold | 1.09% |
| ENGI | Engie S.A. | Utilities | Utilities - Diversified | 0.99% |
| DBK | Deutsche Bank Aktiengesellschaft | Financial Services | Banks - Regional | 0.98% |
| LLOY | Lloyds Banking Group PLC | Financial Services | Banks - Regional | 0.98% |
| LHN | Holcim Ltd | Basic Materials | Building Materials | 0.97% |
| HEI | Heidelberg Materials AG | Basic Materials | Building Materials | 0.93% |
| 8316 | Sumitomo Mitsui Financial | Financial Services | Banks - Diversified | 0.93% |