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.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| BKR | Baker Hughes Co | Energy | Oil & Gas Equipment & Services | 2.36% |
| HALO | Halozyme Therapeutics Inc | Healthcare | Biotechnology | 2.34% |
| NXT | Nextracker Inc. Class A Common Stock | Technology | Solar | 2.34% |
| MMS | Maximus Inc | Industrials | Specialty Business Services | 2.33% |
| UHS | Universal Health Services Inc | Healthcare | Medical Care Facilities | 2.21% |
| MO | Altria Group | Consumer Defensive | Tobacco | 2.19% |
| LDOS | Leidos Holdings Inc | Technology | Information Technology Services | 2.19% |
| NEM | Newmont Goldcorp Corp | Basic Materials | Gold | 2.18% |
| APTV | Aptiv PLC | Consumer Cyclical | Auto Parts | 2.15% |
| CRUS | Cirrus Logic Inc | Technology | Semiconductors | 2.12% |
| TMHC | Taylor Morn Home | Consumer Cyclical | Residential Construction | 2.12% |
| GM | General Motors Company | Consumer Cyclical | Auto Manufacturers | 2.11% |
| UTHR | United Therapeutics Corporation | Healthcare | Drug Manufacturers - Specialty & Generic | 2.11% |
| NXST | Nexstar Broadcasting Group Inc | Communication Services | Broadcasting | 2.10% |
| GAP | The Gap, Inc. | Consumer Cyclical | Apparel Retail | 2.10% |
| NVR | NVR Inc | Consumer Cyclical | Residential Construction | 2.10% |
| CMI | Cummins Inc | Industrials | Specialty Industrial Machinery | 2.10% |
| UAL | United Airlines Holdings Inc | Industrials | Airlines | 2.10% |
| MOH | Molina Healthcare Inc | Healthcare | Healthcare Plans | 2.09% |
| SCI | Service Corporation International | Consumer Cyclical | Personal Services | 2.09% |