BATS | ETF
The fund is an exchange-traded fund ("ETF") that employs a hybrid management approach to achieve its investment objective by investing in two complementary strategies: an actively managed Bond strategy and a passively managed Merger Arbitrage strategy.
Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in (a) the Bond strategy and (b) the Merger Arbitrage strategy.
The fund is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| SKX | Skechers USA Inc | Consumer Cyclical | Footwear & Accessories | 12.65% |
| PEN | Penumbra Inc | Healthcare | Medical Devices | 12.53% |
| FYBR | Frontier Communications Parent Inc | Communication Services | Telecom Services | 12.53% |
| WBA | Walgreens Boots Alliance Inc | Healthcare | Pharmaceutical Retailers | 12.53% |
| EXAS | EXACT Sciences Corporation | Healthcare | Diagnostics & Research | 12.48% |
| CFLT | Confluent Inc | Technology | Software - Infrastructure | 12.45% |
| RNA | Atrium Therapeutics, Inc. Common Stock | Healthcare | Biotechnology | 12.44% |
| GTLS | Chart Industries Inc | Industrials | Specialty Industrial Machinery | 12.44% |
| WBS | Webster Financial Corporation | Financial Services | Banks - Regional | 12.39% |
| DNB | Dun & Bradstreet Holdings Inc. | Financial Services | Financial Data & Stock Exchanges | 12.38% |
| RNAM | Avidity Biosciences, Inc | Healthcare | Biotechnology | 12.32% |
| AZEK | Azek Company Inc | Industrials | Building Products & Equipment | 12.23% |
| CZR | Caesars Entertainment Corporation | Consumer Cyclical | Resorts & Casinos | 11.45% |
| AVDX | AvidXchange Holdings Inc | Technology | Software - Infrastructure | 11.19% |
| MASI | Masimo Corporation | Healthcare | Medical Devices | 10.73% |
| DBRG | Digitalbridge Group Inc | Financial Services | Asset Management | 10.29% |
| CCO | Clear Channel Outdoor Holdings Inc | Communication Services | Advertising Agencies | 7.22% |
| FGXXX | First American Funds Inc. - Government Obligations Fund | 6.85% | ||
| BHF | Brighthouse Financial, Inc. | Financial Services | Insurance - Life | 6.12% |
| HEC | Hudson Executive Investment Corp | Financial Services | Shell Companies | 5.34% |