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 |
|---|---|---|---|---|
| L3H | SHELL PLC WI ADR/2 | Energy | Oil & Gas Integrated | 3.24% |
| FP | TotalEnergies SE | Energy | Oil & Gas Integrated | 1.87% |
| SAN | Banco Santander | Financial Services | Banks - Diversified | 1.46% |
| 7203 | Toyota Motor Corp | Consumer Cyclical | Auto Manufacturers | 1.37% |
| ZURN | Zurich Insurance Group AG | Financial Services | Insurance - Diversified | 1.25% |
| BAS | BASF SE | Basic Materials | Chemicals | 1.25% |
| HSBC | HSBC Holdings PLC ADR | Financial Services | Banks - Diversified | 1.25% |
| 8640 | Toronto Dominion Bank | 1.22% | ||
| SGO | Compagnie de Saint-Gobain S.A. | Industrials | Building Products & Equipment | 1.11% |
| SREN | Swiss Re AG | Financial Services | Insurance - Reinsurance | 1.05% |
| NVS | Novartis AG ADR | Healthcare | Drug Manufacturers - General | 1.05% |
| ENGI | Engie S.A. | Utilities | Utilities - Diversified | 0.99% |
| AD | Koninklijke Ahold Delhaize NV | Consumer Defensive | Grocery Stores | 0.96% |
| HEI | Heidelberg Materials AG | Basic Materials | Building Materials | 0.96% |
| DBK | Deutsche Bank Aktiengesellschaft | Financial Services | Banks - Regional | 0.95% |
| B | Barrick Mining Corporation | Basic Materials | Gold | 0.90% |
| GLE | Societe Generale S.A. | Financial Services | Banks - Regional | 0.87% |
| LHN | Holcim Ltd | Basic Materials | Building Materials | 0.86% |
| 8306 | Mitsubishi UFJ Financial Group Inc | Financial Services | Banks - Diversified | 0.85% |
| ENI | Eni S.p.A. | Energy | Oil & Gas Integrated | 0.85% |