NYSE ARCA | ETF
Under normal conditions, the fund will invest at least 80% of its net assets in the securities that comprise the index.
The index is designed to measure the performance of common stock of companies in the S&P 500® Index which are identified as having sustainable competitive advantages, or "an economic moat," as evidenced by their sustained high gross margins, sustained high return on invested capital and high market share.
The fund is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| TPL | Texas Pacific Land Trust | Energy | Oil & Gas E&P | 3.06% |
| LMT | Lockheed Martin Corporation | Industrials | Aerospace & Defense | 2.76% |
| LRCX | Lam Research Corp | Technology | Semiconductor Equipment & Materials | 2.66% |
| AMAT | Applied Materials Inc | Technology | Semiconductor Equipment & Materials | 2.60% |
| KLAC | KLA Corporation | Technology | Semiconductor Equipment & Materials | 2.55% |
| TPR | Tapestry Inc | Consumer Cyclical | Luxury Goods | 2.47% |
| AVGO | Broadcom Inc | Technology | Semiconductors | 2.46% |
| BKNG | Booking Holdings Inc | Consumer Cyclical | Travel Services | 2.42% |
| JBL | Jabil Circuit Inc | Technology | Electronic Components | 2.36% |
| MO | Altria Group | Consumer Defensive | Tobacco | 2.30% |
| VRSN | VeriSign Inc | Technology | Software - Infrastructure | 2.29% |
| SBUX | Starbucks Corporation | Consumer Cyclical | Restaurants | 2.29% |
| WMT | Walmart Inc. Common Stock | Consumer Defensive | Discount Stores | 2.27% |
| KO | The Coca-Cola Company | Consumer Defensive | Beverages - Non-Alcoholic | 2.23% |
| TXN | Texas Instruments Incorporated | Technology | Semiconductors | 2.22% |
| YUM | Yum! Brands Inc | Consumer Cyclical | Restaurants | 2.21% |
| CL | Colgate-Palmolive Company | Consumer Defensive | Household & Personal Products | 2.20% |
| PM | Philip Morris International Inc | Consumer Defensive | Tobacco | 2.17% |
| MCK | McKesson Corporation | Healthcare | Medical Distribution | 2.14% |
| PEP | PepsiCo Inc | Consumer Defensive | Beverages - Non-Alcoholic | 2.12% |