NYSE ARCA | ETF
The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing long positions in securities believed to provide sustainable shareholder yield (defined as dividends plus buybacks plus debt paydowns) and taking short positions in securities expected to decline in price.
It will generally have net exposure of 75% - 110% long.
The fund's long positions are generally expected to be comprised of equity securities or depositary receipts, although long positions may also include investment-grade corporate bonds and convertible bonds.
It is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| NEM | Newmont Goldcorp Corp | Basic Materials | Gold | 6.62% |
| LW | Lamb Weston Holdings Inc | Consumer Defensive | Packaged Foods | 4.74% |
| MTN | Vail Resorts Inc | Consumer Cyclical | Resorts & Casinos | 4.74% |
| AGNCP_old | American Capital Agency Corp. | Real Estate | REIT - Mortgage | 4.69% |
| V | Visa Inc. Class A | Financial Services | Credit Services | 4.53% |
| BERY | Berry Global Group Inc | Consumer Cyclical | Packaging & Containers | 4.40% |
| PSX | Phillips 66 | Energy | Oil & Gas Refining & Marketing | 4.39% |
| XOM | Exxon Mobil Corp | Energy | Oil & Gas Integrated | 4.34% |
| ORI | Old Republic International Corp | Financial Services | Insurance - Property & Casualty | 4.32% |
| AWK | American Water Works | Utilities | Utilities - Regulated Water | 4.22% |
| DE | Deere & Company | Industrials | Farm & Heavy Construction Machinery | 4.18% |
| BKNG | Booking Holdings Inc | Consumer Cyclical | Travel Services | 4.09% |
| ICE | Intercontinental Exchange Inc | Financial Services | Financial Data & Stock Exchanges | 4.06% |
| MO | Altria Group | Consumer Defensive | Tobacco | 3.93% |
| FIS | Fidelity National Information Services Inc | Technology | Information Technology Services | 3.87% |
| MMM | 3M Company | Industrials | Conglomerates | 3.86% |
| VTRS | Viatris Inc | Healthcare | Drug Manufacturers - Specialty & Generic | 3.84% |
| GEHC | GE HealthCare Technologies Inc. | Healthcare | Health Information Services | 3.79% |
| BG | Bunge Limited | Consumer Defensive | Farm Products | 3.70% |
| MDT | Medtronic PLC | Healthcare | Medical Devices | 3.69% |