NYSE ARCA | ETF
Under normal market conditions, the fund invests a majority of its net assets in equity and equity-related securities of non-U.S. companies located in various countries outside theU. S., including non-U.S. issuers located in emerging markets (identified by the subadviser as countries classified by MSCI as emerging and frontier markets).
The subadviser uses a combination of fundamental research and systematic portfolio construction.
The fund is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| RHM | Rheinmetall AG | Industrials | Aerospace & Defense | 5.56% |
| RMS | Hermes International SCA | Consumer Cyclical | Luxury Goods | 5.46% |
| SAF | Safran SA | Industrials | Aerospace & Defense | 5.17% |
| SPOT | Spotify Technology SA | Communication Services | Internet Content & Information | 4.73% |
| TSM | Taiwan Semiconductor Manufacturing | Technology | Semiconductors | 4.70% |
| MELI | MercadoLibre Inc. | Consumer Cyclical | Internet Retail | 4.60% |
| RACE | Ferrari NV | Consumer Cyclical | Auto Manufacturers | 4.55% |
| SAP | SAP SE ADR | Technology | Software - Application | 4.26% |
| ITX | Industria de Diseno Textil SA | Consumer Cyclical | Apparel Retail | 3.99% |
| CPG | Compass Group PLC | Consumer Cyclical | Restaurants | 3.80% |
| CYBR | CyberArk Software Ltd | Technology | Software - Infrastructure | 3.73% |
| LULU | Lululemon Athletica Inc. | Consumer Cyclical | Apparel Retail | 3.70% |
| 1211 | BYD Company Limited | Consumer Cyclical | Auto Manufacturers | 3.43% |
| SHOP | Shopify Inc. Class A Subordinate Voting Shares | Technology | Software - Application | 3.19% |
| 1810 | Xiaomi Corp | Technology | Consumer Electronics | 2.98% |
| EL | EssilorLuxottica S. A. | Healthcare | Medical Instruments & Supplies | 2.64% |
| CFR | Compagnie Financière Richemont SA | Consumer Cyclical | Luxury Goods | 2.43% |
| 6861 | Keyence | Technology | Scientific & Technical Instruments | 2.31% |
| ADS | adidas AG | Consumer Cyclical | Footwear & Accessories | 2.26% |
| MONC | Moncler SpA | Consumer Cyclical | Apparel Manufacturing | 2.24% |