BATS | ETF
The Sub-Adviser employs a multi-step, quantitative, rules-based methodology to identify a portfolio of approximately 50 to 200 undervaluedU. S. equity securities with the potential for capital appreciation.
A security is considered to be undervalued when it trades at a price below the price at which the Sub-Adviser believes it would trade if the market reflected all factors relating to the company"s worth.
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 |
|---|---|---|---|---|
| YZ8 | Permian Resources Corporation | Energy | Oil & Gas E&P | 2.31% |
| NOV | NOV Inc. | Energy | Oil & Gas Equipment & Services | 2.27% |
| FTI | TechnipFMC PLC | Energy | Oil & Gas Equipment & Services | 2.26% |
| CF | CF Industries Holdings Inc | Basic Materials | Agricultural Inputs | 2.20% |
| NEM | Newmont Goldcorp Corp | Basic Materials | Gold | 2.17% |
| HES | Hess Corporation | Energy | Oil & Gas E&P | 2.17% |
| SLB | Schlumberger NV | Energy | Oil & Gas Equipment & Services | 2.16% |
| CALM | Cal-Maine Foods Inc | Consumer Defensive | Farm Products | 2.13% |
| CRUS | Cirrus Logic Inc | Technology | Semiconductors | 2.12% |
| BKR | Baker Hughes Co | Energy | Oil & Gas Equipment & Services | 2.11% |
| SCCO | Southern Copper Corporation | Basic Materials | Copper | 2.10% |
| WCC | WESCO International Inc | Industrials | Industrial Distribution | 2.09% |
| LNTH | Lantheus Holdings Inc | Healthcare | Drug Manufacturers - Specialty & Generic | 2.09% |
| CCK | Crown Holdings Inc | Consumer Cyclical | Packaging & Containers | 2.08% |
| LAD | Lithia Motors Inc | Consumer Cyclical | Auto & Truck Dealerships | 2.06% |
| NXT | Nextracker Inc. Class A Common Stock | Technology | Solar | 2.05% |
| MRK | Merck & Company Inc | Healthcare | Drug Manufacturers - General | 2.04% |
| LDOS | Leidos Holdings Inc | Technology | Information Technology Services | 2.00% |
| EXPD | Expeditors International of Washington, Inc. | Industrials | Integrated Freight & Logistics | 1.99% |
| FOXA | Fox Corp Class A | Communication Services | Entertainment | 1.99% |