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 | 6.38% |
| MTN | Vail Resorts Inc | Consumer Cyclical | Resorts & Casinos | 4.78% |
| AGNCP_old | American Capital Agency Corp. | Real Estate | REIT - Mortgage | 4.76% |
| XOM | Exxon Mobil Corp | Energy | Oil & Gas Integrated | 4.68% |
| LW | Lamb Weston Holdings Inc | Consumer Defensive | Packaged Foods | 4.65% |
| PSX | Phillips 66 | Energy | Oil & Gas Refining & Marketing | 4.62% |
| BERY | Berry Global Group Inc | Consumer Cyclical | Packaging & Containers | 4.40% |
| ORI | Old Republic International Corp | Financial Services | Insurance - Property & Casualty | 4.30% |
| AWK | American Water Works | Utilities | Utilities - Regulated Water | 4.24% |
| V | Visa Inc. Class A | Financial Services | Credit Services | 4.24% |
| DE | Deere & Company | Industrials | Farm & Heavy Construction Machinery | 4.18% |
| ICE | Intercontinental Exchange Inc | Financial Services | Financial Data & Stock Exchanges | 4.02% |
| BG | Bunge Limited | Consumer Defensive | Farm Products | 3.94% |
| FIS | Fidelity National Information Services Inc | Technology | Information Technology Services | 3.91% |
| BKNG | Booking Holdings Inc | Consumer Cyclical | Travel Services | 3.91% |
| MO | Altria Group | Consumer Defensive | Tobacco | 3.90% |
| VTRS | Viatris Inc | Healthcare | Drug Manufacturers - Specialty & Generic | 3.89% |
| MMM | 3M Company | Industrials | Conglomerates | 3.86% |
| GEHC | GE HealthCare Technologies Inc. | Healthcare | Health Information Services | 3.79% |
| MDT | Medtronic PLC | Healthcare | Medical Devices | 3.69% |