BATS | ETF
The Sub-Adviser employs a multi-step, quantitative, rules-based methodology to identify a portfolio of approximately 50 to 200 undervalued international equity securities with the potential for capital appreciation.
A security is considered to be undervalued when it trades at a price below the price at which the Sub-Adviser believes it would trade if the market reflected all factors relating to the company"s worth.
The fund may also invest up to 20% of its assets in cash and cash equivalents, other investment companies, as well as securities and other instruments.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| WPL | Woodside Petroleum Ltd | Energy | Oil, Gas & Consumable Fuels | 2.32% |
| EQNR | Equinor ASA | Energy | Oil & Gas Integrated | 2.30% |
| SHEL | Shell plc | Energy | Oil & Gas Integrated | 2.19% |
| CNA | Centrica PLC | Utilities | Utilities - Independent Power Producers | 2.16% |
| ENGI | Engie S.A. | Utilities | Utilities - Diversified | 2.10% |
| BS6 | YANGZIJIANG SHIPBLDG HLDGS LTD | Industrials | Aerospace & Defense | 2.09% |
| 4507 | Shionogi & Co. Ltd. | Healthcare | Drug Manufacturers - Specialty & Generic | 2.09% |
| EOAN | E.ON SE | Utilities | Utilities - Diversified | 2.08% |
| IMB | Imperial Brands PLC | Consumer Defensive | Tobacco | 2.08% |
| DHL | Deutsche Post AG | Industrials | Integrated Freight & Logistics | 2.07% |
| TW10 | TENARIS S.A. DL 1 | Energy | Oil & Gas Equipment & Services | 2.07% |
| 8015 | Toyota Tsusho Corp. | Industrials | Conglomerates | 2.04% |
| ENEL | Enel SpA | Utilities | Utilities - Diversified | 2.03% |
| 2181 | Persol Holdings Co Ltd | Industrials | Staffing & Employment Services | 2.03% |
| MAERSK-B | A.P. Møller - Mærsk A/S | Industrials | Marine Shipping | 2.01% |
| 5334 | Ngk Spark Plug Co Ltd | Consumer Cyclical | Auto Parts | 2.01% |
| 6301 | Komatsu Ltd. | Industrials | Farm & Heavy Construction Machinery | 2.00% |
| BZU | Buzzi Unicem S.p.A. | Basic Materials | Building Materials | 2.00% |
| SKF-B | AB SKF (publ) | Industrials | Tools & Accessories | 2.00% |
| MT | ArcelorMittal SA | Basic Materials | Steel | 1.99% |