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 | 6.61% |
| BG | Bunge Limited | Consumer Defensive | Farm Products | 4.71% |
| AGNCP_old | American Capital Agency Corp. | Real Estate | REIT - Mortgage | 4.58% |
| XOM | Exxon Mobil Corp | Energy | Oil & Gas Integrated | 4.46% |
| BERY | Berry Global Group Inc | Consumer Cyclical | Packaging & Containers | 4.40% |
| AWK | American Water Works | Utilities | Utilities - Regulated Water | 4.38% |
| CMCSA | Comcast Corp | Communication Services | Telecom Services | 4.33% |
| ORI | Old Republic International Corp | Financial Services | Insurance - Property & Casualty | 4.17% |
| LW | Lamb Weston Holdings Inc | Consumer Defensive | Packaged Foods | 4.11% |
| V | Visa Inc. Class A | Financial Services | Credit Services | 3.99% |
| ICE | Intercontinental Exchange Inc | Financial Services | Financial Data & Stock Exchanges | 3.85% |
| GEHC | GE HealthCare Technologies Inc. | Healthcare | Health Information Services | 3.79% |
| T | AT&T Inc | Communication Services | Telecom Services | 3.79% |
| ZBH | Zimmer Biomet Holdings Inc | Healthcare | Medical Devices | 3.78% |
| MO | Altria Group | Consumer Defensive | Tobacco | 3.75% |
| FIS | Fidelity National Information Services Inc | Technology | Information Technology Services | 3.75% |
| MDT | Medtronic PLC | Healthcare | Medical Devices | 3.69% |
| ABBV | AbbVie Inc | Healthcare | Drug Manufacturers - General | 3.58% |
| DE | Deere & Company | Industrials | Farm & Heavy Construction Machinery | 3.54% |
| MTN | Vail Resorts Inc | Consumer Cyclical | Resorts & Casinos | 3.46% |