NYSE ARCA | ETF
The investment seeks capital appreciation.
Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in equity securities.
Equity securities in which the fund invests include common stocks, preferred stocks, and securities convertible into stocks.
In selecting securities for the fund, the Sub-Adviser utilizes a bottom-up approach to buying and selling investments for the fund.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| BAC | Bank of America Corp | Financial Services | Banks - Diversified | 4.49% |
| C | Citigroup Inc | Financial Services | Banks - Diversified | 4.46% |
| JNJ | Johnson & Johnson | Healthcare | Drug Manufacturers - General | 3.95% |
| AGCO | AGCO Corporation | Industrials | Farm & Heavy Construction Machinery | 3.76% |
| INTC | Intel Corporation | Technology | Semiconductors | 3.62% |
| ETN | Eaton Corporation PLC | Industrials | Specialty Industrial Machinery | 3.47% |
| RBC | RBC Bearings Incorporated | Industrials | Tools & Accessories | 3.09% |
| JPM | JPMorgan Chase & Co | Financial Services | Banks - Diversified | 2.54% |
| EXC | Exelon Corporation | Utilities | Utilities - Regulated Electric | 2.51% |
| MCK | McKesson Corporation | Healthcare | Medical Distribution | 2.46% |
| VLO | Valero Energy Corporation | Energy | Oil & Gas Refining & Marketing | 2.31% |
| CHTR | Charter Communications Inc | Communication Services | Telecom Services | 2.31% |
| EQH | Axa Equitable Holdings Inc | Financial Services | Insurance - Diversified | 2.28% |
| GOOGL | Alphabet Inc Class A | Communication Services | Internet Content & Information | 2.19% |
| PM | Philip Morris International Inc | Consumer Defensive | Tobacco | 2.15% |
| TGT | Target Corporation | Consumer Defensive | Discount Stores | 2.10% |
| BK | Bank of New York Mellon | Financial Services | Asset Management | 2.08% |
| NRG | NRG Energy Inc. | Utilities | Utilities - Independent Power Producers | 1.99% |
| UNP | Union Pacific Corporation | Industrials | Railroads | 1.94% |
| MET | MetLife Inc | Financial Services | Insurance - Life | 1.91% |