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 | 5.85% |
| MTN | Vail Resorts Inc | Consumer Cyclical | Resorts & Casinos | 4.94% |
| XOM | Exxon Mobil Corp | Energy | Oil & Gas Integrated | 4.75% |
| AGNCP_old | American Capital Agency Corp. | Real Estate | REIT - Mortgage | 4.64% |
| LW | Lamb Weston Holdings Inc | Consumer Defensive | Packaged Foods | 4.47% |
| BERY | Berry Global Group Inc | Consumer Cyclical | Packaging & Containers | 4.40% |
| ORI | Old Republic International Corp | Financial Services | Insurance - Property & Casualty | 4.19% |
| DE | Deere & Company | Industrials | Farm & Heavy Construction Machinery | 4.18% |
| AWK | American Water Works | Utilities | Utilities - Regulated Water | 4.12% |
| ICE | Intercontinental Exchange Inc | Financial Services | Financial Data & Stock Exchanges | 4.02% |
| MMM | 3M Company | Industrials | Conglomerates | 4.00% |
| V | Visa Inc. Class A | Financial Services | Credit Services | 3.96% |
| MO | Altria Group | Consumer Defensive | Tobacco | 3.81% |
| GEHC | GE HealthCare Technologies Inc. | Healthcare | Health Information Services | 3.79% |
| LHX | L3Harris Technologies Inc | Industrials | Aerospace & Defense | 3.72% |
| UBER | Uber Technologies Inc | Technology | Software - Application | 3.71% |
| MDT | Medtronic PLC | Healthcare | Medical Devices | 3.69% |
| CVS | CVS Health Corp | Healthcare | Healthcare Plans | 3.66% |
| PSX | Phillips 66 | Energy | Oil & Gas Refining & Marketing | 3.62% |
| ABBV | AbbVie Inc | Healthcare | Drug Manufacturers - General | 3.58% |