Loading ETF profile…
To fulfill its investment mandate, the Sub-Advisor systematically takes short positions in a carefully selected portfolio. This portfolio primarily consists of highly liquid U.S. exchange-traded instruments, encompassing mid- and large-capitalization equity securities, ETFs, ETNs, and other similar products. A significant portion—at least 80%—of the fund's net assets, along with any capital leveraged for investment purposes, is dedicated to these short equity exposures. The Sub-Advisor employs a rigorous, bottom-up, fundamental research-driven methodology when selecting individual securities.
| Symbol | Name | Weight | Market Value |
|---|---|---|---|
| — | CASH | 79.38% | $52.07M |
| — | FIDELITY INSTL GOVT 657 C | 61.02% | $40.03M |
| — | DERIVATIVES COLLATERAL CF SECURED | 52.78% | $34.62M |
| — | BLACKROCK FEDERAL FD 30 INSTL | 4.50% | $2.95M |
| PCOR | PROCORE TECHNOLOGIES INC | 0.62% | $-410.00K |
| IP | INTERNATIONAL PAPER CO | 1.17% | $-764.60K |
| PTC | PTC INC | 1.22% | $-797.23K |
| WPP | WPP PLC-SPONSORED ADR | 1.24% | $-811.50K |
| ADT | ADT INC | 1.24% | $-812.50K |
| BOOT | BOOT BARN HOLDINGS INC | 1.25% | $-822.75K |
| TRI | THOMSON REUTERS CORP | 1.26% | $-826.60K |
| WFC | WELLS FARGO & CO | 1.27% | $-835.10K |
| MNRO | MONRO INC | 1.29% | $-848.00K |
| ARES | ARES MANAGEMENT CORP - A | 1.31% | $-860.80K |
| OLED | UNIVERSAL DISPLAY CORP | 1.31% | $-862.50K |
| RDNT | RADNET INC | 1.36% | $-889.20K |
| EXPO | EXPONENT INC | 1.37% | $-895.50K |
| ORLY | O'REILLY AUTOMOTIVE INC | 1.37% | $-901.60K |
| BLDR | BUILDERS FIRSTSOURCE INC | 1.38% | $-905.10K |
| FDS | FACTSET RESEARCH SYSTEMS INC | 1.42% | $-934.48K |
| QTWO | Q2 HOLDINGS INC | 1.44% | $-943.20K |
| PAY | PAYMENTUS HOLDINGS INC-A | 1.46% | $-960.40K |
| CBZ | CBIZ INC | 1.48% | $-969.90K |
| INTA | INTAPP INC | 1.50% | $-987.20K |
| ACIW | ACI WORLDWIDE INC | 1.51% | $-990.20K |