NASDAQ | ETF
The Sub-Adviser employs a multi-step, quantitative, rules-based methodology to identify a portfolio of approximately 50 to 200 non-U.S. equity securities with the highest relative momentum.
A "momentum" style of investing emphasizes investing in securities that have had higher recent total return performance compared to other securities.
The Sub-Adviser then employs proprietary screens to eliminate companies with issues that may negatively impact their momentum.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| 5803 | Fujikura Ltd. | Industrials | Electrical Equipment & Parts | 2.80% |
| 4680 | Round One Corp | Consumer Cyclical | Leisure | 2.42% |
| 7013 | IHI Corp. | Industrials | Specialty Industrial Machinery | 2.39% |
| 9401 | TBS Holdings Inc | Communication Services | Broadcasting | 2.37% |
| 6856 | Horiba Ltd | Technology | Scientific & Technical Instruments | 2.33% |
| 6323 | Rorze Corp | Technology | Semiconductor Equipment & Materials | 2.20% |
| 6871 | Micronics Japan Co Ltd | Technology | Semiconductor Equipment & Materials | 2.20% |
| 7012 | Kawasaki Heavy Industries Ltd. | Industrials | Specialty Industrial Machinery | 2.18% |
| BBVA | Banco Bilbao Vizcaya Argentaria SA | Financial Services | Banks - Diversified | 2.17% |
| SVW | Seven Group Holdings Ltd | Industrials | Conglomerates | 2.17% |
| VOLV-B | AB Volvo (publ) | Industrials | Farm & Heavy Construction Machinery | 2.17% |
| RACE | Ferrari NV | Consumer Cyclical | Auto Manufacturers | 2.16% |
| CABK | Caixabank SA | Financial Services | Banks - Regional | 2.14% |
| BCP | Banco Comercial Portugues | Financial Services | Banks - Regional | 2.13% |
| CBK | Commerzbank AG | Financial Services | Banks - Regional | 2.12% |
| 7867 | Tomy Co Ltd | Consumer Cyclical | Leisure | 2.11% |
| ACA | Credit Agricole SA | Financial Services | Banks - Regional | 2.11% |
| 1038 | CK Infrastructure Holdings Ltd | Utilities | Utilities - Regulated Electric | 2.11% |
| ISP | Intesa Sanpaolo SpA | Financial Services | Banks - Regional | 2.11% |
| R1D | AERCAP HOLD | Other | Other | 2.10% |