BATS | ETF
The Sub-Adviser employs a multi-step, quantitative, rules-based methodology to identify a portfolio of approximately 50 to 200 equity securities with the highest relative momentum.
A "momentum" style of investing emphasizes investing in securities that have had higher recent total return performance compared to other securities.
The Sub-Adviser then employs proprietary screens to eliminate companies with issues that may negatively impact their momentum.
The fund may also invest up to 20% of its assets in cash and cash equivalents, other investment companies, as well as securities and other instruments.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| GWRE | Guidewire Software Inc | Technology | Software - Application | 2.32% |
| RBLX | Roblox Corp | Communication Services | Electronic Gaming & Multimedia | 2.29% |
| NET | Cloudflare Inc | Technology | Software - Infrastructure | 2.15% |
| SPOT | Spotify Technology SA | Communication Services | Internet Content & Information | 2.13% |
| IBM | International Business Machines | Technology | Information Technology Services | 2.12% |
| TRGP | Targa Resources Inc | Energy | Oil & Gas Midstream | 2.12% |
| DOCS | Doximity Inc | Healthcare | Health Information Services | 2.11% |
| DASH | DoorDash, Inc. Class A Common Stock | Consumer Cyclical | Internet Retail | 2.11% |
| TKO | TKO Group Holdings, Inc. | Communication Services | Entertainment | 2.10% |
| CBRE | CBRE Group Inc Class A | Real Estate | Real Estate Services | 2.09% |
| CRS | Carpenter Technology Corporation | Industrials | Metal Fabrication | 2.08% |
| AXON | Axon Enterprise Inc. | Industrials | Aerospace & Defense | 2.06% |
| TTWO | Take-Two Interactive Software Inc | Communication Services | Electronic Gaming & Multimedia | 2.06% |
| CAH | Cardinal Health Inc | Healthcare | Medical Distribution | 2.04% |
| FICO | Fair Isaac Corporation | Technology | Software - Application | 2.04% |
| EAT | Brinker International Inc | Consumer Cyclical | Restaurants | 2.04% |
| LYV | Live Nation Entertainment Inc | Communication Services | Entertainment | 2.03% |
| CALM | Cal-Maine Foods Inc | Consumer Defensive | Farm Products | 2.02% |
| VRSN | VeriSign Inc | Technology | Software - Infrastructure | 2.02% |
| CVLT | CommVault Systems Inc | Technology | Software - Application | 2.02% |