NYSE ARCA | ETF
The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded onU. S. markets.
The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| WDC | Western Digital Corporation | Technology | Computer Hardware | 2.13% |
| WBA | Walgreens Boots Alliance Inc | Healthcare | Pharmaceutical Retailers | 1.97% |
| NRG | NRG Energy Inc. | Utilities | Utilities - Independent Power Producers | 1.92% |
| META | Meta Platforms Inc. | Communication Services | Internet Content & Information | 1.92% |
| TMO | Thermo Fisher Scientific Inc | Healthcare | Diagnostics & Research | 1.82% |
| VST | Vistra Energy Corp | Utilities | Utilities - Independent Power Producers | 1.70% |
| CEG | Constellation Energy Corp | Utilities | Utilities - Renewable | 1.67% |
| AVGO | Broadcom Inc | Technology | Semiconductors | 1.66% |
| CARR | Carrier Global Corp | Industrials | Building Products & Equipment | 1.66% |
| DVN | Devon Energy Corporation | Energy | Oil & Gas E&P | 1.63% |
| CRL | Charles River Laboratories | Healthcare | Diagnostics & Research | 1.59% |
| JNPR | Juniper Networks Inc | Technology | Communication Equipment | 1.49% |
| MMM | 3M Company | Industrials | Conglomerates | 1.49% |
| PAAS | Pan American Silver Corp | Basic Materials | Gold | 1.49% |
| ROK | Rockwell Automation Inc | Industrials | Specialty Industrial Machinery | 1.48% |
| JAZZ | Jazz Pharmaceuticals PLC | Healthcare | Biotechnology | 1.47% |
| BAX | Baxter International Inc | Healthcare | Medical Instruments & Supplies | 1.46% |
| CNX | CNX Resources Corp | Energy | Oil & Gas E&P | 1.44% |
| STX | Seagate Technology PLC | Technology | Computer Hardware | 1.40% |
| KD | Kyndryl Holdings Inc | Technology | Information Technology Services | 1.31% |