BATS | ETF
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index.
The index is comprised of securities issued by companies that Morningstar, Inc. (Morningstar) determines to have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors (wide moat companies).
The fund is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| EL | Estee Lauder Companies Inc | Consumer Defensive | Household & Personal Products | 3.18% |
| HII | Huntington Ingalls Industries Inc | Industrials | Aerospace & Defense | 3.08% |
| ALLE | Allegion PLC | Industrials | Security & Protection Services | 2.92% |
| TER | Teradyne Inc | Technology | Semiconductor Equipment & Materials | 2.84% |
| BA | The Boeing Company | Industrials | Aerospace & Defense | 2.74% |
| AMAT | Applied Materials Inc | Technology | Semiconductor Equipment & Materials | 2.60% |
| NKE | Nike Inc | Consumer Cyclical | Footwear & Accessories | 2.60% |
| GOOGL | Alphabet Inc Class A | Communication Services | Internet Content & Information | 2.57% |
| TRU | TransUnion | Financial Services | Financial Data & Stock Exchanges | 2.57% |
| DIS | Walt Disney Company | Communication Services | Entertainment | 2.56% |
| MPWR | Monolithic Power Systems Inc | Technology | Semiconductors | 2.54% |
| WST | West Pharmaceutical Services Inc | Healthcare | Medical Instruments & Supplies | 2.48% |
| USB | U.S. Bancorp | Financial Services | Banks - Regional | 2.41% |
| NXPI | NXP Semiconductors NV | Technology | Semiconductors | 2.34% |
| DHR | Danaher Corporation | Healthcare | Diagnostics & Research | 2.25% |
| A | Agilent Technologies Inc | Healthcare | Diagnostics & Research | 2.24% |
| MKTX | MarketAxess Holdings Inc | Financial Services | Capital Markets | 2.21% |
| STZ | Constellation Brands Inc Class A | Consumer Defensive | Beverages - Brewers | 2.19% |
| ZBH | Zimmer Biomet Holdings Inc | Healthcare | Medical Devices | 2.16% |
| CRM | Salesforce.com Inc | Technology | Software - Application | 2.16% |