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 | 5.50% |
| XOM | Exxon Mobil Corp | Energy | Oil & Gas Integrated | 4.80% |
| AGNCP_old | American Capital Agency Corp. | Real Estate | REIT - Mortgage | 4.54% |
| CMCSA | Comcast Corp | Communication Services | Telecom Services | 4.50% |
| BG | Bunge Limited | Consumer Defensive | Farm Products | 4.43% |
| BERY | Berry Global Group Inc | Consumer Cyclical | Packaging & Containers | 4.40% |
| ORI | Old Republic International Corp | Financial Services | Insurance - Property & Casualty | 4.29% |
| ZBH | Zimmer Biomet Holdings Inc | Healthcare | Medical Devices | 4.20% |
| AWK | American Water Works | Utilities | Utilities - Regulated Water | 4.17% |
| V | Visa Inc. Class A | Financial Services | Credit Services | 4.11% |
| ICE | Intercontinental Exchange Inc | Financial Services | Financial Data & Stock Exchanges | 4.05% |
| LW | Lamb Weston Holdings Inc | Consumer Defensive | Packaged Foods | 4.04% |
| T | AT&T Inc | Communication Services | Telecom Services | 3.90% |
| MTN | Vail Resorts Inc | Consumer Cyclical | Resorts & Casinos | 3.90% |
| GEHC | GE HealthCare Technologies Inc. | Healthcare | Health Information Services | 3.79% |
| MMM | 3M Company | Industrials | Conglomerates | 3.72% |
| MDT | Medtronic PLC | Healthcare | Medical Devices | 3.69% |
| DE | Deere & Company | Industrials | Farm & Heavy Construction Machinery | 3.65% |
| MO | Altria Group | Consumer Defensive | Tobacco | 3.65% |
| ABBV | AbbVie Inc | Healthcare | Drug Manufacturers - General | 3.58% |