NYSE ARCA | ETF
The fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the RAFI Dynamic Multi-FactorU. S.
Index.
The underlying index is constructed by RAFI Indices, LLC (the index provider) using a rules-based approach to construct factor portfolios within the underlying index.
The underlying index consists of factor portfolios, each of which emphasizes one of the following factors: value, low volatility, quality, momentum and size.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| JNJ | Johnson & Johnson | Healthcare | Drug Manufacturers - General | 2.13% |
| WMT | Walmart Inc. Common Stock | Consumer Defensive | Discount Stores | 1.89% |
| AMZN | Amazon.com Inc | Consumer Cyclical | Internet Retail | 1.85% |
| T | AT&T Inc | Communication Services | Telecom Services | 1.85% |
| AVGO | Broadcom Inc | Technology | Semiconductors | 1.69% |
| MSFT | Microsoft Corporation | Technology | Software - Infrastructure | 1.53% |
| TSLA | Tesla Inc | Consumer Cyclical | Auto Manufacturers | 1.42% |
| LLY | Eli Lilly and Company | Healthcare | Drug Manufacturers - General | 1.41% |
| C | Citigroup Inc. | Financial Services | Banks - Diversified | 1.38% |
| BRK-B | Berkshire Hathaway Inc | Financial Services | Insurance - Diversified | 1.38% |
| XOM | Exxon Mobil Corp | Energy | Oil & Gas Integrated | 1.36% |
| IBM | International Business Machines | Technology | Information Technology Services | 1.36% |
| ORCL | Oracle Corporation | Technology | Software - Infrastructure | 1.33% |
| ABBV | AbbVie Inc | Healthcare | Drug Manufacturers - General | 1.31% |
| WFC | Wells Fargo & Company | Financial Services | Banks - Diversified | 1.28% |
| VZ | Verizon Communications Inc | Communication Services | Telecom Services | 1.27% |
| MRK | Merck & Company Inc | Healthcare | Drug Manufacturers - General | 1.27% |
| CSCO | Cisco Systems Inc | Technology | Communication Equipment | 1.26% |
| CVX | Chevron Corp | Energy | Oil & Gas Integrated | 1.21% |
| PFE | Pfizer Inc | Healthcare | Drug Manufacturers - General | 1.21% |