NYSE ARCA | ETF
The investment seeks investment results, before fees and expenses, that track the MSCI USA Defensive Sectors - USA Cyclical 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 Defensive Sectors Index and 50% short exposure to the MSCI USA Cyclical Sectors Index.
The fund is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| JNJ | Johnson & Johnson | Healthcare | Drug Manufacturers - General | 4.42% |
| PG | Procter & Gamble Company | Consumer Defensive | Household & Personal Products | 3.74% |
| UNH | UnitedHealth Group Incorporated | Healthcare | Healthcare Plans | 3.26% |
| MRK | Merck & Company Inc | Healthcare | Drug Manufacturers - General | 2.37% |
| PFE | Pfizer Inc | Healthcare | Drug Manufacturers - General | 2.29% |
| KO | The Coca-Cola Company | Consumer Defensive | Beverages - Non-Alcoholic | 2.22% |
| WMT | Walmart Inc | Consumer Defensive | Discount Stores | 2.17% |
| ABT | Abbott Laboratories | Healthcare | Medical Devices | 2.13% |
| PEP | PepsiCo Inc | Consumer Defensive | Beverages - Non-Alcoholic | 2.12% |
| XOM | Exxon Mobil Corp | Energy | Oil & Gas Integrated | 1.88% |
| TMO | Thermo Fisher Scientific Inc | Healthcare | Diagnostics & Research | 1.85% |
| ABBV | AbbVie Inc | Healthcare | Drug Manufacturers - General | 1.82% |
| CVX | Chevron Corp | Energy | Oil & Gas Integrated | 1.76% |
| COST | Costco Wholesale Corp | Consumer Defensive | Discount Stores | 1.68% |
| AMGN | Amgen Inc | Healthcare | Drug Manufacturers - General | 1.63% |
| MDT | Medtronic PLC | Healthcare | Medical Devices | 1.58% |
| BMY | Bristol-Myers Squibb Company | Healthcare | Drug Manufacturers - General | 1.54% |
| NEE | Nextera Energy Inc | Utilities | Utilities - Regulated Electric | 1.49% |
| DHR | Danaher Corporation | Healthcare | Diagnostics & Research | 1.41% |
| LLY | Eli Lilly and Company | Healthcare | Drug Manufacturers - General | 1.39% |