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 |
|---|---|---|---|---|
| NXT | Nextracker Inc. Class A Common Stock | Technology | Solar | 2.28% |
| DKS | Dick’s Sporting Goods Inc | Consumer Cyclical | Specialty Retail | 2.18% |
| NXST | Nexstar Broadcasting Group Inc | Communication Services | Broadcasting | 2.12% |
| SLB | Schlumberger NV | Energy | Oil & Gas Equipment & Services | 2.11% |
| HALO | Halozyme Therapeutics Inc | Healthcare | Biotechnology | 2.10% |
| GM | General Motors Company | Consumer Cyclical | Auto Manufacturers | 2.09% |
| EMN | Eastman Chemical Company | Basic Materials | Specialty Chemicals | 2.09% |
| CF | CF Industries Holdings Inc | Basic Materials | Agricultural Inputs | 2.09% |
| CROX | Crocs Inc | Consumer Cyclical | Footwear & Accessories | 2.07% |
| SNX | Synnex Corporation | Technology | Electronics & Computer Distribution | 2.07% |
| CCK | Crown Holdings Inc | Consumer Cyclical | Packaging & Containers | 2.07% |
| WCC | WESCO International Inc | Industrials | Industrial Distribution | 2.06% |
| HES | Hess Corporation | Energy | Oil & Gas E&P | 2.06% |
| YZ8 | Permian Resources Corporation | Energy | Oil & Gas E&P | 2.06% |
| APTV | Aptiv PLC | Consumer Cyclical | Auto Parts | 2.06% |
| AA | Alcoa Corp | Basic Materials | Aluminum | 2.05% |
| BKR | Baker Hughes Co | Energy | Oil & Gas Equipment & Services | 2.04% |
| LAD | Lithia Motors Inc | Consumer Cyclical | Auto & Truck Dealerships | 2.04% |
| GAP | The Gap, Inc. | Consumer Cyclical | Apparel Retail | 2.04% |
| EXPD | Expeditors International of Washington, Inc. | Industrials | Integrated Freight & Logistics | 2.04% |