NYSE ARCA | ETF
The investment seeks investment results, before fees and expenses, that track the S&P 500® 150/50 Quality 0.30% Decrement Index.
The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities that comprise the Long Component of the index or shares of exchange-traded funds (ETFs) on the Long Component of the index.
The index consists of a portfolio that has 150% long exposure to the S&P 500® Quality Index (the Long Component) and 50% short (or inverse) exposure to the S&P 500® Quality - Lowest Quintile Index (the Short Component).
It is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| MSFT | Microsoft Corporation | Technology | Software - Infrastructure | 5.28% |
| AAPL | Apple Inc | Technology | Consumer Electronics | 5.14% |
| JPM | JPMorgan Chase & Co | Financial Services | Banks - Diversified | 4.33% |
| PG | Procter & Gamble Company | Consumer Defensive | Household & Personal Products | 4.31% |
| V | Visa Inc. Class A | Financial Services | Credit Services | 3.94% |
| BAC | Bank of America Corp | Financial Services | Banks - Diversified | 3.71% |
| MA | Mastercard Inc | Financial Services | Credit Services | 3.66% |
| ADBE | Adobe Systems Incorporated | Technology | Software - Infrastructure | 3.29% |
| CSCO | Cisco Systems Inc | Technology | Communication Equipment | 2.88% |
| PFE | Pfizer Inc | Healthcare | Drug Manufacturers - General | 2.72% |
| WFC | Wells Fargo & Company | Financial Services | Banks - Diversified | 2.69% |
| ABT | Abbott Laboratories | Healthcare | Medical Devices | 2.45% |
| TXN | Texas Instruments Incorporated | Technology | Semiconductors | 2.33% |
| WMT | Walmart Inc | Consumer Defensive | Discount Stores | 2.19% |
| ORCL | Oracle Corporation | Technology | Software - Infrastructure | 1.79% |
| UPS | United Parcel Service Inc | Industrials | Integrated Freight & Logistics | 1.77% |
| LLY | Eli Lilly and Company | Healthcare | Drug Manufacturers - General | 1.68% |
| SPGI | S&P Global Inc | Financial Services | Financial Data & Stock Exchanges | 1.68% |
| AXP | American Express Company | Financial Services | Credit Services | 1.54% |
| TGT | Target Corporation | Consumer Defensive | Discount Stores | 1.51% |