NYSE ARCA | ETF
The investment seeks investment results, before fees and expenses, that track the MSCI USA Cyclical Sectors - USA Defensive Sectors 150/50 Return Spread Index (the index).
The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities that comprise the Long Component of the index or shares of exchange-traded funds (ETFs) on the Long Component of the index.
The index measures the performance of a portfolio that has 150% long exposure to the MSCI USA Cyclical Sectors Index and 50% short exposure to the MSCI USA Defensive Sectors Index.
The fund is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| AAPL | Apple Inc | Technology | Consumer Electronics | 7.70% |
| MSFT | Microsoft Corporation | Technology | Software - Infrastructure | 5.83% |
| AMZN | Amazon.com Inc | Consumer Cyclical | Internet Retail | 5.07% |
| META | Meta Platforms Inc. | Communication Services | Internet Content & Information | 2.49% |
| GOOG | Alphabet Inc Class C | Communication Services | Internet Content & Information | 1.78% |
| GOOGL | Alphabet Inc Class A | Communication Services | Internet Content & Information | 1.73% |
| V | Visa Inc. Class A | Financial Services | Credit Services | 1.30% |
| MA | Mastercard Inc | Financial Services | Credit Services | 1.15% |
| TSLA | Tesla Inc | Consumer Cyclical | Auto Manufacturers | 1.15% |
| NVDA | NVIDIA Corporation | Technology | Semiconductors | 1.13% |
| JPM | JPMorgan Chase & Co | Financial Services | Banks - Diversified | 1.11% |
| HD | Home Depot Inc | Consumer Cyclical | Home Improvement Retail | 1.10% |
| ADBE | Adobe Systems Incorporated | Technology | Software - Infrastructure | 0.88% |
| DIS | Walt Disney Company | Communication Services | Entertainment | 0.86% |
| VZ | Verizon Communications Inc | Communication Services | Telecom Services | 0.86% |
| CRM | Salesforce.com Inc | Technology | Software - Application | 0.81% |
| NFLX | Netflix Inc | Communication Services | Entertainment | 0.81% |
| PYPL | PayPal Holdings Inc | Financial Services | Credit Services | 0.80% |
| INTC | Intel Corporation | Technology | Semiconductors | 0.76% |
| T | AT&T Inc | Communication Services | Telecom Services | 0.76% |