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 |
|---|---|---|---|---|
| TRGP | Targa Resources Inc | Energy | Oil & Gas Midstream | 2.14% |
| CBRE | CBRE Group Inc Class A | Real Estate | Real Estate Services | 2.12% |
| RCL | Royal Caribbean Cruises Ltd | Consumer Cyclical | Travel Services | 2.10% |
| IBKR | Interactive Brokers Group Inc | Financial Services | Capital Markets | 2.10% |
| PRMB | Primo Brands Corporation | Consumer Defensive | Beverages - Non-Alcoholic | 2.09% |
| RBLX | Roblox Corp | Communication Services | Electronic Gaming & Multimedia | 2.08% |
| JBL | Jabil Circuit Inc | Technology | Electronic Components | 2.08% |
| CME | CME Group Inc | Financial Services | Financial Data & Stock Exchanges | 2.07% |
| WMT | Walmart Inc | Consumer Defensive | Discount Stores | 2.06% |
| BK | The Bank of New York Mellon Corporation | Financial Services | Banks - Diversified | 2.05% |
| CALM | Cal-Maine Foods Inc | Consumer Defensive | Farm Products | 2.04% |
| PEGA | Pegasystems Inc | Technology | Software - Application | 2.03% |
| CRS | Carpenter Technology Corporation | Industrials | Metal Fabrication | 2.03% |
| TOST | Toast Inc | Technology | Software - Infrastructure | 2.03% |
| UNM | Unum Group | Financial Services | Insurance - Life | 2.02% |
| GILD | Gilead Sciences Inc | Healthcare | Drug Manufacturers - General | 2.02% |
| DASH | DoorDash, Inc. Class A Common Stock | Consumer Cyclical | Internet Retail | 2.02% |
| FTNT | Fortinet Inc | Technology | Software - Infrastructure | 2.02% |
| ZS | Zscaler Inc | Technology | Software - Infrastructure | 2.02% |
| TTWO | Take-Two Interactive Software Inc | Communication Services | Electronic Gaming & Multimedia | 2.02% |