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% |
| MMS | Maximus Inc | Industrials | Specialty Business Services | 2.35% |
| NXT | Nextracker Inc. Class A Common Stock | Technology | Solar | 2.34% |
| HUM | Humana Inc | Healthcare | Healthcare Plans | 2.22% |
| DKS | Dick’s Sporting Goods Inc | Consumer Cyclical | Specialty Retail | 2.18% |
| BKR | Baker Hughes Co | Energy | Oil & Gas Equipment & Services | 2.16% |
| QCOM | Qualcomm Incorporated | Technology | Semiconductors | 2.14% |
| ILMN | Illumina Inc | Healthcare | Diagnostics & Research | 2.13% |
| CMI | Cummins Inc | Industrials | Specialty Industrial Machinery | 2.12% |
| CRUS | Cirrus Logic Inc | Technology | Semiconductors | 2.11% |
| GM | General Motors Company | Consumer Cyclical | Auto Manufacturers | 2.11% |
| MRK | Merck & Company Inc | Healthcare | Drug Manufacturers - General | 2.10% |
| NVR | NVR Inc | Consumer Cyclical | Residential Construction | 2.10% |
| UTHR | United Therapeutics Corporation | Healthcare | Drug Manufacturers - Specialty & Generic | 2.10% |
| SLB | Schlumberger NV | Energy | Oil & Gas Equipment & Services | 2.08% |
| MTN | Vail Resorts Inc | Consumer Cyclical | Resorts & Casinos | 2.08% |
| MOH | Molina Healthcare Inc | Healthcare | Healthcare Plans | 2.08% |
| MIDD | Middleby Corp | Industrials | Specialty Industrial Machinery | 2.08% |