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 |
|---|---|---|---|---|
| WDC | Western Digital Corporation | Technology | Computer Hardware | 2.68% |
| AMAT | Applied Materials Inc | Technology | Semiconductor Equipment & Materials | 2.57% |
| SCCO | Southern Copper Corporation | Basic Materials | Copper | 2.47% |
| AA | Alcoa Corp | Basic Materials | Aluminum | 2.45% |
| EXPD | Expeditors International of Washington, Inc. | Industrials | Integrated Freight & Logistics | 2.39% |
| MMS | Maximus Inc | Industrials | Specialty Business Services | 2.35% |
| NXT | Nextracker Inc. Class A Common Stock | Technology | Solar | 2.34% |
| EQT | EQT Corporation | Energy | Oil & Gas E&P | 2.25% |
| YZ8 | Permian Resources Corporation | Energy | Oil & Gas E&P | 2.24% |
| MRK | Merck & Company Inc | Healthcare | Drug Manufacturers - General | 2.24% |
| CTRA | Coterra Energy Inc | Energy | Oil & Gas E&P | 2.23% |
| EAT | Brinker International Inc | Consumer Cyclical | Restaurants | 2.20% |
| FOXA | Fox Corp Class A | Communication Services | Entertainment | 2.20% |
| CNK | Cinemark Holdings Inc | Communication Services | Entertainment | 2.18% |
| DKS | Dick’s Sporting Goods Inc | Consumer Cyclical | Specialty Retail | 2.18% |
| INCY | Incyte Corporation | Healthcare | Biotechnology | 2.17% |
| FTI | TechnipFMC PLC | Energy | Oil & Gas Equipment & Services | 2.17% |
| BKR | Baker Hughes Co | Energy | Oil & Gas Equipment & Services | 2.16% |
| UTHR | United Therapeutics Corporation | Healthcare | Drug Manufacturers - Specialty & Generic | 2.16% |
| HALO | Halozyme Therapeutics Inc | Healthcare | Biotechnology | 2.15% |