NYSE ARCA | ETF
The Sub-Advisor seeks to achieve the fund's investment objective by short selling a portfolio of liquid mid- and large-capU. S. exchange-traded equity securities, ETFs, ETNs and other exchange-traded products.
The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in short positions in equity securities.
The Sub-Advisor implements a bottom-up, fundamental, research driven security selection process.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| TFDXX | BlackRock Liquidity Funds FedFund Institutional Shares | 135.25% | ||
| AAPL | Apple Inc | Technology | Consumer Electronics | 4.05% |
| KMX | CarMax Inc | Consumer Cyclical | Auto & Truck Dealerships | 2.95% |
| OMC | Omnicom Group Inc | Communication Services | Advertising Agencies | 2.37% |
| PAG | Penske Automotive Group Inc | Consumer Cyclical | Auto & Truck Dealerships | 2.26% |
| EXPE | Expedia Group Inc. | Consumer Cyclical | Travel Services | 2.22% |
| XHB | SPDR® S&P Homebuilders ETF | 2.16% | ||
| EGP | EastGroup Properties Inc | Real Estate | REIT - Industrial | 1.98% |
| OMCL | Omnicell Inc | Healthcare | Health Information Services | -0.03% |
| CGNX | Cognex Corporation | Technology | Scientific & Technical Instruments | -0.05% |
| NSRGY | Nestle SA ADR | Consumer Defensive | Packaged Foods | -0.14% |
| NOV | NOV Inc. | Energy | Oil & Gas Equipment & Services | -0.14% |
| LPI | Laredo Petroleum Holdings Inc | Energy | Oil & Gas | -0.20% |
| GLOB | Globant SA | Technology | Information Technology Services | -0.25% |
| VYX | NCR Voyix Corporation | Technology | Information Technology Services | -0.27% |
| HELE | Helen of Troy Ltd | Consumer Defensive | Household & Personal Products | -0.30% |
| GPRE | Green Plains Renewable Energy Inc | Basic Materials | Chemicals | -0.30% |
| VSCO | Victoria's Secret & Co | Consumer Cyclical | Apparel Retail | -0.32% |
| CTVA | Corteva Inc | Basic Materials | Agricultural Inputs | -0.33% |
| PD_old | PD | Technology | Software - Application | -0.34% |