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% |
| RHM | Rheinmetall AG | Industrials | Aerospace & Defense | 2.79% |
| KOG | Kongsberg Gruppen ASA | Industrials | Aerospace & Defense | 2.43% |
| LDO | Leonardo S.p.A. | Industrials | Aerospace & Defense | 2.40% |
| 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% |
| CABK | Caixabank SA | Financial Services | Banks - Regional | 2.27% |
| DBK | Deutsche Bank Aktiengesellschaft | Financial Services | Banks - Regional | 2.25% |
| JUN3 | Jungheinrich AG O.N.VZO | Industrials | Specialty Industrial Machinery | 2.24% |
| 7012 | Kawasaki Heavy Industries Ltd. | Industrials | Specialty Industrial Machinery | 2.24% |
| PST | Poste Italiane SpA | Industrials | Conglomerates | 2.23% |
| CBK | Commerzbank AG | Financial Services | Banks - Regional | 2.23% |
| 6701 | NEC Corp. | Technology | Information Technology Services | 2.23% |
| 6323 | Rorze Corp | Technology | Semiconductor Equipment & Materials | 2.20% |
| 6871 | Micronics Japan Co Ltd | Technology | Semiconductor Equipment & Materials | 2.20% |
| 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% |
| 2388 | BOC Hong Kong Holdings Ltd | Financial Services | Banks - Regional | 2.17% |