Applied Finance Valuation Large Cap ETF

VSLU
Inception Date:
4/29/2021
Management Style:
Active
CUSIP:
26923N405
Total Gross Expense Ratio:
0.490%
Asset Class:
Equity
Exchange:
NYSE Arca, Inc.
Advisor:
Applied Finance Advisors, LLC
As Of Date:
11/19/2025
NAV ($):
$42.63
Market Price ($):
$42.65
Premium / Discount:
0.048
30 Day Median Bid/Ask Spread:
0.001831
Shares Outstanding:
8,400,000
Total Net Assets:
$358,097,040.00

Quarter End Performance
As of 9/30/2025 YTD 1m 3m 6m 1y Since Inception
VSLU NAV 16.62% 3.43% 8.98% 21.90% 19.26% 13.53%
VSLU Market Price 16.67% 3.59% 9.04% 21.90% 19.28% 13.56%

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 833-356-0909. The Fund’s total expense ratio is 0.49%

NAV returns are based on the fund’s reported net asset value (NAV). NAV is typically calculated at 4:00 pm Eastern time on each business day NYSE Arca is open for trading. Market price performance is based on the trade price at which shares are bought and sold on the NYSE Arca using the last share trade. Performance of less than one year is cumulative.

Premium Discount
Number of Days at 2025 Cumul. Q4 2025 Q3 2025 Q2 2025 Q1 2025 2024 Cumul. Q4 2024 Q3 2024 Q2 2024 Q1 2024
Premium 160 30 45 38 47 199 57 52 51 39
NAV 0 0 0 0 0 0 0 0 0 0
Discount 62 6 19 24 13 52 6 12 12 22

Premium - The number of trading days the ETF's closing price exceeds its NAV.
NAV - This is determined by adding up the value of all the assets in the fund, including assets and cash, subtracting any liabilities, and then dividing that value by the number of outstanding shares in the ETF.
Discount - The number of trading days the ETF's closing price is below its NAV.

From 1/1/2024 to 11/19/2025 :
Days traded at Premium
Days traded at NAV
Days traded at Discount
As of Date Discount Premium

Holdings
As Of Date Ticker Name Weight Market Value FIGI Shares Held
11/19/2025 2556706D WALGREENS BOOTS ALLIANCE INC 0.00% 0.00 1,814
11/19/2025 A AGILENT TECHNOLOGIES INC 0.11% 390,024.40 BBG000C2V3D6 2,701
11/19/2025 AAPL APPLE INC 9.59% 34,340,230.08 BBG000B9XRY4 127,868
11/19/2025 ABBV ABBVIE INC 1.60% 5,737,504.94 BBG0025Y4RY4 24,634
11/19/2025 ABNB AIRBNB INC 0.10% 347,783.16 BBG001Y2XS07 3,039
11/19/2025 ABT ABBOTT LABORATORIES COMMON STOCK USD 0 0.24% 874,724.10 BBG000B9ZXB4 6,934
11/19/2025 ACGL ARCH CAPITAL GROUP CO 0.06% 214,887.69 BBG000HXNN20 2,357
11/19/2025 ACI Albertsons Cos. Inc. Class A 0.06% 213,509.12 BBG009KG1750 11,968
11/19/2025 ACM AECOM 0.02% 80,251.30 BBG000F61RJ8 710
11/19/2025 ACN ACCENTURE PLC-CL A 0.58% 2,086,547.40 BBG000D9D830 8,655
11/19/2025 ADBE ADOBE SYSTEMS INC 0.70% 2,489,846.97 BBG000BB5006 7,827
11/19/2025 ADI ANALOG DEVICES INC 0.02% 54,102.60 BBG000BB6G37 233
11/19/2025 ADM ARCHER-DANIELS-MIDLAND CO 0.04% 134,103.69 BBG000BB6WG8 2,303
11/19/2025 ADP AUTOMATIC DATA PROCESSING 0.21% 763,249.68 BBG000JG0547 3,048
11/19/2025 ADSK AUTODESK INC 0.08% 295,557.85 BBG000BM7HL0 1,015
11/19/2025 ADT ADT Inc. 0.01% 32,312.46 BBG000BP9WJ1 4,111
11/19/2025 AFG AMERICAN FINANCIAL GROUP INC 0.01% 37,472.24 BBG000DPKKK0 274
11/19/2025 AFL AFLAC INC 0.07% 263,872.80 BBG000BBBNC6 2,412
11/19/2025 AIT APPLIED INDUSTRIAL TECHNOLOGIES INC COMMON STOCK 0.01% 53,633.80 BBG000BBHHP9 220
11/19/2025 AIZ ASSURANT INC 0.01% 41,554.70 BBG000BZX1N5 185
11/19/2025 AKAM AKAMAI TECHNOLOGIES INC 0.01% 38,674.44 BBG000BJQWD2 447
11/19/2025 ALATI ATI INC COMMON STOCK USD.1 0.01% 40,621.68 BBG000LC1FS4 414
11/19/2025 ALGM Allegro MicroSystems Inc. 0.01% 28,851.66 BBG00H5S8391 1,242
11/19/2025 ALGN Align Technology Inc. 0.02% 63,765.36 BBG000BRNLL2 477
11/19/2025 ALL ALLSTATE CORP 0.15% 535,741.36 BBG000BVMGF2 2,552
11/19/2025 ALLE Allegion Public Limited Company 0.05% 170,481.48 BBG003PS7JV1 1,061
11/19/2025 ALSN ALLISON TRANSMISSION HOLDING 0.04% 139,493.64 BBG001KY3845 1,716
11/19/2025 AM ANTERO MIDSTREAM CORPORATION 0.02% 66,267.00 BBG00GBNZ4M0 3,700
11/19/2025 AMAT APPLIED MATERIALS INC 0.55% 1,956,516.73 BBG000BBPFB9 8,321
11/19/2025 AMD ADVANCED MICRO DEVICES INC 0.11% 378,917.25 BBG000BBQCY0 1,695
11/19/2025 AME AMETEK INC 0.13% 460,342.71 BBG000B9XG87 2,403
11/19/2025 AMG AFFILIATED MANAGERS GROUP 0.01% 53,054.65 BBG000C060M4 209
11/19/2025 AMGN AMGEN INC 0.81% 2,900,470.40 BBG000BBS2Y0 8,471
11/19/2025 AMKR AMKOR TECHNOLOGY INC 0.01% 36,647.38 BBG000BCKGW7 1,166
11/19/2025 AMP AMERIPRISE FINANCIAL INC 0.24% 848,322.80 BBG000G3QLY3 1,886
11/19/2025 AMT AMERICAN TOWER CORP 0.22% 794,200.00 BBG000B9XYV2 4,400
11/19/2025 AMZN AMAZON.COM INC 3.44% 12,310,525.89 BBG000BVPV84 55,281
11/19/2025 AN AUTONATION INC 0.02% 79,245.17 BBG000BBXLW4 397
11/19/2025 ANET ARISTA NETWORKS INC 0.19% 676,844.63 BBG01QQZBFH1 5,423
11/19/2025 AOS AO Smith Corp 0.01% 36,003.26 BBG000BC1L02 566
11/19/2025 APA APA CORP 0.04% 138,840.65 BBG00YTS96G2 5,773
11/19/2025 APP APPLOVIN CORP 0.23% 829,528.25 BBG006HFPX77 1,565
11/19/2025 APPF APPFOLIO INC - A 0.01% 28,389.12 BBG008GC8CP6 128
11/19/2025 APTV.UN APTIV HOLDINGS LTD COMMON STOCK USD 0.01 0.03% 101,738.16 BBG01R914LT5 1,406
11/19/2025 AR ANTERO RESOURCES CORP 0.02% 64,371.80 BBG000PW5VX1 1,835
11/19/2025 ARW ARROW ELECTRONICS INC 0.01% 26,805.10 BBG000BCD3D5 257
11/19/2025 ATR APTARGROUP INC 0.01% 28,320.00 BBG000BGX2S0 240
11/19/2025 AVB AVALONBAY COMMUNITIES INC 0.02% 61,054.65 BBG000BLPBL5 345
11/19/2025 AVGO Broadcom Inc. 3.03% 10,857,656.70 BBG00KHY5S69 30,635
11/19/2025 AVT AVNET INC 0.01% 30,937.32 BBG000BCPB71 684
11/19/2025 AVTR AVANTOR INC 0.03% 93,001.47 BBG00G2HHYD7 8,447
11/19/2025 AVY AVERY DENNISON CORP 0.02% 83,714.68 BBG000BCQ4P6 497
11/19/2025 AWI ARMSTRONG WORLD INDUSTRIES 0.01% 33,871.96 BBG000DW4LB1 188
11/19/2025 AXP AMERICAN EXPRESS CO 0.46% 1,641,520.32 BBG000BCQZS4 4,763
11/19/2025 AXS AXIS CAPITAL HOLDINGS LTD 0.02% 71,326.12 BBG000FLF615 718
11/19/2025 AXTA AXALTA COATING SYSTEMS LTD 0.02% 71,807.40 BBG0060CPLJ5 2,583
11/19/2025 AYI ACUITY BRANDS INC 0.02% 68,309.92 BBG000BJ5HK0 196
11/19/2025 AZO AUTOZONE INC 0.36% 1,287,289.90 BBG000C7LMS8 338
11/19/2025 BAH BOOZ ALLEN HAMILTON HOLDINGS 0.06% 211,772.19 BBG000R2YFG7 2,633
11/19/2025 BALL BALL CORP 0.04% 132,672.73 BBG000BDDNH5 2,789
11/19/2025 BBWI Bath & Body Works Inc 0.03% 94,680.00 BBG000BNGTQ7 4,500
11/19/2025 BBY BEST BUY CO INC 0.04% 156,495.52 BBG000BCWCG1 2,104
11/19/2025 BC BRUNSWICK CORP 0.01% 32,036.33 BBG000BCWSS3 527
11/19/2025 BFAM BRIGHT HORIZONS FAMILY SOLUT 0.01% 34,557.73 BBG003LFWP05 347
11/19/2025 BF B BROWN-FORMAN CORP-CLASS B 0.04% 130,391.25 BBG000BD2NY8 4,785
11/19/2025 BG Bunge Global SA 0.03% 117,648.45 BBG01JZ8VL91 1,263
11/19/2025 BIIB BIOGEN INC 0.08% 288,335.81 BBG000C17X76 1,717
11/19/2025 BJ BJ's Wholesale Club Holdings Inc. 0.05% 165,362.41 BBG00FQ8T4G3 1,811
11/19/2025 BK BANK OF NEW YORK MELLON CORP 0.03% 117,078.39 BBG000BD8PN9 1,089
11/19/2025 BKNG BOOKING HOLDINGS INC 0.60% 2,148,372.66 BBG000BLBVN4 458
11/19/2025 BLD TOPBUILD CORP 0.05% 178,738.07 BBG0077VS2C0 433
11/19/2025 BLDR BUILDERS FIRSTSOURCE INC 0.06% 198,585.50 BBG000BKD3K9 2,074
11/19/2025 BLK Blackrock Inc. 0.07% 249,611.28 BBG01PSW2WN4 246
11/19/2025 BMRN BIOMARIN PHARMACEUTICAL INC 0.02% 68,117.76 BBG000CZWZ05 1,296
11/19/2025 BOKF BOK FINANCIAL CORPORATION 0.01% 29,609.78 BBG000CFZ003 278
11/19/2025 BPOP Popular Inc 0.01% 28,331.22 BBG000BDNB35 249
11/19/2025 BR Broadridge Financial Solutions, Inc. 0.09% 330,894.46 BBG000PPFKQ7 1,462
11/19/2025 BRBR BELLRING BRANDS INC 0.03% 102,731.86 BBG013QNJHP8 3,511
11/19/2025 BSY Bentley Systems Inc. Class B 0.01% 46,638.52 BBG000BMSRR9 1,151
11/19/2025 BWA BORGWARNER INC 0.02% 63,544.14 BBG000BJ49H3 1,474
11/19/2025 BXP Boston Properties Inc 0.01% 42,460.56 BBG000BS5CM9 612
11/19/2025 BYD Boyd Gaming Corp 0.02% 59,758.80 BBG000BHX9P6 760
11/19/2025 CAG CONAGRA BRANDS INC 0.01% 33,007.80 BBG000BDXGP9 1,897
11/19/2025 CAR Avis Budget Group Inc 0.04% 139,592.64 BBG000FLPRH1 1,056
11/19/2025 CARR CARRIER GLOBAL CORP-W/I 0.02% 76,670.00 BBG00RP5HYS8 1,496
11/19/2025 CART MAPLEBEAR INC 0.03% 104,403.60 BBG00KG5VJF4 2,520
11/19/2025 CAT CATERPILLAR INC 0.57% 2,045,400.78 BBG000BF0K17 3,698
11/19/2025 CB CHUBB LIMITED 0.15% 551,468.96 BBG000BR14K5 1,876
11/19/2025 CBOE CBOE HOLDINGS INC 0.07% 240,812.63 BBG000QH56C1 947
11/19/2025 CBSH COMMERCE BANCSHARES INC 0.01% 30,099.69 BBG000BF3G77 573
11/19/2025 CCK CROWN HOLDINGS INC 0.03% 105,919.32 BBG000BF6756 1,118
11/19/2025 CCL CARNIVAL CORP 0.07% 237,301.92 BBG000BF6LY3 9,099
11/19/2025 CDW CDW CORP/DE 0.09% 339,215.88 BBG001P63B80 2,428
11/19/2025 CEG CONSTELLATION ENERGY CORPORATION 0.33% 1,177,181.64 BBG014KFRNP7 3,293
11/19/2025 CERT CERTARA 0.01% 21,728.09 BBG00Y7BR4K3 2,621
11/19/2025 CF CF INDUSTRIES HOLDINGS INC 0.02% 83,443.20 BBG000BWJFZ4 1,060
11/19/2025 CFR CULLEN/FROST 0.01% 30,074.96 BBG000C2PL98 248
11/19/2025 CGNX COGNEX CORP 0.01% 27,508.20 BBG000BPBVW5 762
11/19/2025 CHD CHURCH & DWIGHT CO INC 0.05% 170,238.76 BBG000BFJT36 2,063
11/19/2025 CHDN CHURCHILL DOWNS INC 0.03% 124,804.80 BBG000BGXMG9 1,215
11/19/2025 CHE CHEMED CORP 0.01% 47,278.00 BBG000C19QW1 110
11/19/2025 CHK EXPAND ENERGY CORP 0.05% 161,949.87 BBG00Z6DX554 1,381
11/19/2025 CHRD Chord Energy Corp 0.01% 32,629.80 BBG00Y7BLHL9 357
11/19/2025 CHRW C.H. ROBINSON WORLDWIDE INC 0.02% 79,766.72 BBG000BTCH57 527
11/19/2025 CHTR CHARTER COMMUNICATIONS INC-A 0.10% 354,645.72 BBG000VPGNR2 1,826
11/19/2025 CI CIGNA CORP 0.08% 277,701.79 BBG00KXRCDP0 1,021
11/19/2025 CIEN CIENA CORP 0.01% 41,154.04 BBG000BP1152 218
11/19/2025 CL COLGATE-PALMOLIVE CO 0.14% 496,715.10 BBG000BFQYY3 6,330
11/19/2025 CLVT CLARIVATE ANALYTICS PLC COMMON STOCK USD.01 0.01% 31,391.55 BBG00P1919G5 9,315
11/19/2025 CMA COMERICA INC 0.01% 33,264.45 BBG000C75N77 435
11/19/2025 CMCSA COMCAST CORP-CLASS A 0.25% 895,254.66 BBG000BFT2L4 33,318
11/19/2025 CMG CHIPOTLE MEXICAN GRILL INC 0.05% 191,208.00 BBG000QX74T1 6,168
11/19/2025 CMI CUMMINS INC 0.15% 544,249.00 BBG000BGPTV6 1,150
11/19/2025 CNA CNA Financial Corp 0.01% 35,258.98 BBG000BFYB47 766
11/19/2025 CNC CENTENE CORP 0.02% 87,933.70 BBG000BDXCJ5 2,446
11/19/2025 CNHI CNH Industrial NV 0.01% 31,407.25 BBG0059JSF49 3,275
11/19/2025 CNXC CONCENTRIX CORP CNXCV 0.01% 24,649.59 BBG00RCNQMX3 749
11/19/2025 COF CAPITAL ONE FINANCIAL CORP 0.01% 31,574.40 BBG000BGKTF9 156
11/19/2025 COHR COHERENT CORP COMMON STOCK 0.01% 38,593.80 BBG000BLW102 270
11/19/2025 COLB COLUMBIA BANKING SYSTEM INC 0.01% 35,625.87 BBG000CTGXS2 1,351
11/19/2025 COLD Americold Realty Trust 0.01% 27,497.60 BBG000QF05R6 2,644
11/19/2025 COLM Columbia Sportswear Co. 0.01% 31,600.80 BBG000BKKQ84 630
11/19/2025 COP CONOCOPHILLIPS 0.24% 860,796.32 BBG000BQQH30 9,784
11/19/2025 COR Cencora, Inc. 0.41% 1,469,253.29 BBG000MDCQC2 4,073
11/19/2025 CPB THE CAMPBELL'S COMPANY COMMON STOCK USD 0.0375 0.01% 34,288.92 BBG000BG4202 1,114
11/19/2025 CPT CAMDEN PROPERTY TRUST 0.01% 41,783.44 BBG000BB0V03 409
11/19/2025 CR CRANE CO-W/I 0.01% 31,356.50 BBG016G0L0Q5 175
11/19/2025 CRL Charles River Laboratories Int 0.01% 38,631.96 BBG000BG5BL8 239
11/19/2025 CRM SALESFORCE.COM INC 0.24% 865,488.24 BBG000BN2DC2 3,798
11/19/2025 CROX CROCS INC 0.02% 68,877.90 BBG000BLY663 870
11/19/2025 CRRX CHOICE HOTELS INTL INC 0.02% 80,794.40 BBG000BPBTL2 920
11/19/2025 CRUS CIRRUS LOGIC INC 0.01% 40,063.34 BBG000C1DHF5 346
11/19/2025 CSCO CISCO SYSTEMS INC 0.53% 1,884,573.99 BBG000C3J3C9 24,041
11/19/2025 CSL Carlisle Companies Incorporated 0.03% 116,340.08 BBG000BGGBT8 383
11/19/2025 CSX CSX CORP 0.19% 696,044.16 BBG000BGJRC8 20,496
11/19/2025 CTAS CINTAS CORP 0.11% 390,057.22 BBG000H3YXF8 2,126
11/19/2025 CTSH COGNIZANT TECH SOLUTIONS-A 0.09% 316,268.75 BBG000BBDV81 4,375
11/19/2025 CTVA CORTEVA INC-W/I 0.03% 91,651.56 BBG00BN969C1 1,417
11/19/2025 CUBE CUBESMART 0.01% 32,094.70 BBG000HF28Q9 895
11/19/2025 CVS CVS HEALTH CORP 0.07% 248,175.10 BBG000BGRY34 3,242
11/19/2025 CVX CHEVRON CORP 0.34% 1,205,559.90 BBG000K4ND22 7,947
11/19/2025 CW CURTISS-WRIGHT CORP 0.01% 48,767.55 BBG000BGSPS5 89
11/19/2025 CZR CAESARS ENTERTAINMENT INC COMMON STOCK 0.01% 51,808.14 BBG0074Q3NK6 2,593
11/19/2025 DAL DELTA AIR LINES INC 0.09% 329,959.74 BBG000R7Z112 5,802
11/19/2025 DBX Dropbox Inc. Class A 0.02% 70,727.37 BBG0018SLDN0 2,423
11/19/2025 DCI DONALDSON CO INC 0.01% 46,386.88 BBG000BGZP70 544
11/19/2025 DDS DILLARDS INC-CL A 0.01% 38,746.24 BBG000BS4MP5 64
11/19/2025 DE DEERE & CO 0.26% 917,730.41 BBG000BH1NH9 1,933
11/19/2025 DECK DECKERS OUTDOOR CORP 0.05% 196,318.65 BBG000BKXYX5 2,365
11/19/2025 DELL DELL TECHNOLOGIES - CLASS C 0.29% 1,027,981.18 BBG00DW3SZS1 8,611
11/19/2025 DG DOLLAR GEN CORP NEW 0.04% 137,517.00 BBG000NV1KK7 1,380
11/19/2025 DHI DR HORTON INC 0.09% 336,948.50 BBG000DQTXY6 2,450
11/19/2025 DHR DANAHER CORP 0.09% 313,375.69 BBG000BH3JF8 1,409
11/19/2025 DINO HF SINCLAIR CORP 0.01% 37,247.34 BBG0135B2214 689
11/19/2025 DKS DICKS SPORTING GOODS INC 0.03% 109,524.16 BBG000F6ZWH2 529
11/19/2025 DLB Dolby Laboratories Inc 0.01% 31,200.00 BBG000DGLTG5 480
11/19/2025 DLTR DOLLAR TREE INC 0.04% 140,529.70 BBG000BSC0K9 1,406
11/19/2025 DOC HEALTHPEAK PROPERTIES INC 0.01% 44,500.47 BBG000BKYDP9 2,527
11/19/2025 DOCU DocuSign Inc. 0.01% 30,633.84 BBG000N7KJX8 471
11/19/2025 DOV DOVER CORP 0.04% 154,131.12 BBG000BHB3M6 858
11/19/2025 DOW DOW INC 0.01% 32,050.24 BBG00BN96922 1,504
11/19/2025 DOX AMDOCS LTD 0.01% 50,812.86 BBG000C3MXG5 674
11/19/2025 DPZ Dominos Pizza INC 0.09% 306,147.22 BBG000P458P3 766
11/19/2025 DRI DARDEN RESTAURANTS INC 0.03% 123,590.00 BBG000BBNYF6 727
11/19/2025 DT Dynatrace Inc. 0.01% 32,563.51 BBG00PNN7C40 719
11/19/2025 DV DoubleVerify Holdings Inc. 0.01% 32,465.60 BBG00ZNRRJM2 3,152
11/19/2025 DVA DAVITA INC 0.05% 186,624.00 BBG000MQ1SN9 1,620
11/19/2025 DXC DXC Technology Co. 0.01% 30,970.17 BBG00FN64XT9 2,583
11/19/2025 DXCM DEXCOM INC 0.03% 106,319.40 BBG000QTF8K1 1,780
11/19/2025 EA ELECTRONIC ARTS INC 0.05% 172,149.32 BBG000BP0KQ8 854
11/19/2025 EBAY EBAY INC 0.05% 165,811.20 BBG000C43RR5 2,040
11/19/2025 ECG-W Everus Construction Group Inc. 0.01% 35,883.12 BBG01M600X00 424
11/19/2025 EEFT Euronet Worldwide Inc. 0.01% 30,293.40 BBG000BMNBY1 435
11/19/2025 EFX EQUIFAX INC 0.05% 192,028.06 BBG000BHPL78 931
11/19/2025 EG EVEREST RE GROUP LTD 0.01% 48,490.20 BBG000C1XVK6 155
11/19/2025 EHC ENCOMPASS HEALTH CORP COMMON STOCK USD 0.01 0.02% 59,317.60 BBG000BGBRG2 530
11/19/2025 ELAN ELANCO ANIMAL HEALTH INC COMMON STOCK 0.01% 37,147.26 BBG00LJYS1P8 1,731
11/19/2025 ELS EQUITY LIFESTYLE PROPERTIES 0.02% 63,507.60 BBG000BB7SX7 1,035
11/19/2025 EME EMCOR Group Inc. 0.07% 236,883.44 BBG000BBRPL4 391
11/19/2025 EMR EMERSON ELECTRIC CO 0.02% 78,952.72 BBG000BHX7N2 616
11/19/2025 ENPH ENPHASE ENERGY INC 0.01% 24,953.92 BBG001R3MNY9 928
11/19/2025 ENTG ENTEGRIS INC 0.01% 26,260.34 BBG000CTV4N4 356
11/19/2025 EOG EOG RESOURCES INC 0.16% 590,601.35 BBG000BZ9223 5,515
11/19/2025 EPAM EPAM SYSTEMS INC 0.01% 37,090.65 BBG000MHTV89 205
11/19/2025 EPR EPR PROPERTIES 0.01% 31,354.95 BBG000BSZYR3 613
11/19/2025 EQH EQUITABLE HOLDINGS INC 0.08% 292,864.00 BBG00J7CBVW8 6,656
11/19/2025 EQR EQUITY RESIDENTIAL 0.02% 81,160.38 BBG000BG8M31 1,377
11/19/2025 EQT EQT CORP 0.04% 149,403.93 BBG000BHZ5J9 2,537
11/19/2025 ESI ELEMENT SOLUTIONS INC COMMON STOCK USD.01 0.01% 31,359.68 BBG005C4XHR3 1,298
11/19/2025 ESS ESSEX PROPERTY TRUST INC 0.01% 49,398.22 BBG000CGJMB9 194
11/19/2025 ETN EATON CORP PLC 0.14% 488,749.10 BBG000BJ3PD2 1,414
11/19/2025 ETSY ETSY INC 0.02% 56,031.05 BBG000N7MXL8 1,055
11/19/2025 EW EDWARDS LIFESCIENCES CORP 0.10% 341,757.46 BBG000BRXP69 3,973
11/19/2025 EWBC EAST WEST BANCORP INC 0.02% 59,456.64 BBG000CR20B1 581
11/19/2025 EXEL EXELIXIS INC 0.03% 106,740.62 BBG000BQ4WF8 2,533
11/19/2025 EXLS EXLSERVICE HOLDINGS INC 0.01% 32,123.14 BBG000NS3P30 826
11/19/2025 EXP Eagle Materials Inc. 0.01% 52,967.20 BBG000BJW241 260
11/19/2025 EXPD EXPEDITORS INTL WASH INC 0.02% 85,843.21 BBG000BJ5GK2 617
11/19/2025 EXPE EXPEDIA GROUP INC 0.08% 271,154.80 BBG000QY3XZ2 1,130
11/19/2025 EXR EXTRA SPACE STORAGE INC 0.01% 46,850.04 BBG000PV27K3 362
11/19/2025 FAF First American Financial Corp 0.01% 34,488.18 BBG000V78V75 549
11/19/2025 FBIN FORTUNE BRANDS INNOVATIONS I 0.01% 48,190.98 BBG001B4BV87 1,081
11/19/2025 FCN FTI Consulting Inc 0.01% 32,179.95 BBG000K88H58 197
11/19/2025 FCNCA FIRST CITIZENS BANCSHARES INC 0.03% 111,622.68 BBG000BJCDS3 61
11/19/2025 FCX FREEPORT-MCMORAN INC 0.14% 487,740.00 BBG000BJDB15 11,824
11/19/2025 FDS FACTSET RESEARCH SYSTEMS INC 0.05% 196,526.72 BBG000BDJL83 736
11/19/2025 FDX FEDEX CORP 0.08% 270,709.67 BBG000BJF1Z8 1,031
11/19/2025 FERG FERGUSON ENTERPRISES INC COMMON STOCK USD 0.0001 0.06% 220,377.01 BBG01NMRD768 931
11/19/2025 FFIV F5 Inc 0.01% 41,214.16 BBG000CXYSZ6 184
11/19/2025 FHB FIRST HAWAIIA 0.01% 34,689.60 BBG0046LJYT2 1,440
11/19/2025 FHN FIRST HORIZON NATIONAL CORP 0.01% 32,683.56 BBG000GHZSZ6 1,533
11/19/2025 FI FISERV INC 0.16% 579,769.26 BBG000BJKPG0 9,478
11/19/2025 FICO FAIR ISAAC CORP 0.17% 607,656.00 BBG000DW76Y6 350
11/19/2025 FIS FIDELITY NATIONAL INFO SERV 0.03% 94,553.94 BBG000BK2F42 1,509
11/19/2025 FITB FIFTH THIRD BANCORP 0.02% 56,205.40 BBG000BJL3N0 1,355
11/19/2025 FIVE FIVE BELOW 0.01% 30,263.40 BBG001636CR2 204
11/19/2025 FIX Comfort Systems USA Inc. 0.11% 389,879.50 BBG000BWN2Y9 419
11/19/2025 FLEX FLEX LTD 0.02% 82,261.30 BBG000BP5YT0 1,411
11/19/2025 FLO FLOWERS FOODS INC 0.01% 29,725.38 BBG000BB4D72 2,799
11/19/2025 FLUT FLUTTER ENTERTAINMENT PLC-DI 0.12% 412,051.64 BBG000P2GPN9 2,132
11/19/2025 FMC FMC CORP 0.00% 14,365.08 BBG000BJP882 1,132
11/19/2025 FND Floor & Decor Holdings Inc. Class A 0.01% 27,350.90 BBG007GJ2F81 479
11/19/2025 FOXA FOX CORP - CLASS A 0.05% 170,177.06 BBG00JHNJW99 2,627
11/19/2025 FR FIRST INDUSTRIAL REALTY TR 0.01% 38,108.07 BBG000CKGDS5 693
11/19/2025 FRT FEDERAL REALTY INVS TRUST 0.01% 35,390.56 BBG000BJVN28 368
11/19/2025 FTNT FORTINET INC 0.19% 674,356.34 BBG000BCMBG4 8,458
11/19/2025 FTV FORTIVE CORP 0.06% 225,024.46 BBG00BLVZ228 4,463
11/19/2025 FYBR FRONTIER COMMUNICATIONS PARE COMMON STOCK USD.25 0.01% 35,200.50 BBG010MVVVW7 930
11/19/2025 G GENPACT LIMITED 0.01% 48,575.52 BBG000RQBFV2 1,106
11/19/2025 GD GENERAL DYNAMICS CORP 0.14% 488,517.44 BBG000BK67C7 1,424
11/19/2025 GEHC GE HEALTHCARE TECHNOLOG-W/I 0.10% 369,648.72 BBG01BFR8YV1 5,112
11/19/2025 GEN GEN DIGITAL INC 0.05% 190,055.58 BBG000BH2JM1 7,293
11/19/2025 GFS GLOBALFOUNDRIES INC 0.01% 39,824.46 BBG000C2L5G9 1,209
11/19/2025 GGG GRACO INC 0.02% 68,963.84 BBG000BK9W84 869
11/19/2025 GILD GILEAD SCIENCES INC 0.67% 2,387,609.01 BBG000CKGBP2 18,643
11/19/2025 GIS GENERAL MILLS INC 0.06% 197,140.57 BBG000BKCFC2 4,139
11/19/2025 GL GLOBE LIFE INC 0.03% 98,839.44 BBG000BVD6X4 756
11/19/2025 GLW CORNING INC 0.03% 100,233.63 BBG000BKFZM4 1,227
11/19/2025 GMED GLOBUS MEDICAL INC - A 0.01% 47,861.22 BBG002V87SD0 571
11/19/2025 GNRC GENERAC HOLDINGS INC 0.01% 51,246.48 BBG000PQ4W72 348
11/19/2025 GNTX GENTEX CORP 0.01% 28,285.55 BBG000BKJ092 1,277
11/19/2025 GOOGL ALPHABET INC-CL A 8.22% 29,430,625.91 BBG009S39JX6 100,511
11/19/2025 GPC GENUINE PARTS CO 0.03% 103,204.20 BBG000BKL348 823
11/19/2025 GPK GRAPHIC PACKAGING HOLDING CO 0.01% 49,556.70 BBG000GQ7K93 3,239
11/19/2025 GPN GLOBAL PAYMENTS INC 0.05% 163,436.07 BBG000CX0P89 2,269
11/19/2025 GPS GAP INC/THE 0.02% 56,046.76 BBG000BKLH74 2,387
11/19/2025 GRMN GARMIN LTD 0.04% 136,905.64 BBG000C4LN67 722
11/19/2025 GTES Gates Industrial Corp. plc 0.01% 30,134.46 BBG00JM9V731 1,399
11/19/2025 GWW WW GRAINGER INC 0.13% 452,976.96 BBG000BKR1D6 491
11/19/2025 HAL HALLIBURTON CO 0.08% 282,116.52 BBG000BKTFN2 10,662
11/19/2025 HALO HALOZYME THERAPEUTICS INC 0.05% 189,815.50 BBG000CZ8W54 2,702
11/19/2025 HAS HASBRO INC 0.01% 38,082.06 BBG000BKVJK4 498
11/19/2025 HAYW HAYWARD HOLDINGS INC 0.01% 34,405.47 BBG00Z9CCRH5 2,277
11/19/2025 HCA HCA HEALTHCARE INC 0.37% 1,317,142.28 BBG000QW7VC1 2,738
11/19/2025 HD HOME DEPOT INC 0.57% 2,032,087.50 BBG000BKZB36 6,075
11/19/2025 HEI Heico Corp 0.06% 231,839.92 BBG000BL16Q7 754
11/19/2025 HIG HARTFORD FINANCIAL SVCS GRP 0.06% 210,166.20 BBG000G0Z878 1,590
11/19/2025 HIW HIGHWOODS PROPERTIES INC 0.01% 30,332.50 BBG000C43744 1,103
11/19/2025 HLT HILTON WORLDWIDE 0.35% 1,256,282.05 BBG0058KMH30 4,705
11/19/2025 HOG HARLEY-DAVIDSON INC 0.01% 29,848.00 BBG000BKZTP3 1,300
11/19/2025 HOLX HOLOGIC INC 0.03% 114,666.82 BBG000C3NTN5 1,546
11/19/2025 HPQ HP INC 0.12% 433,199.13 BBG000KHWT55 19,279
11/19/2025 HR HEALTHCARE REALTY TRUST 0.01% 36,099.72 BBG000PRJCX9 2,019
11/19/2025 HRB H&R BLOCK INC 0.03% 97,834.00 BBG000BLDV98 2,200
11/19/2025 HSIC HENRY SCHEIN INC 0.01% 42,854.20 BBG000BNMMJ3 607
11/19/2025 HSY HERSHEY CO/THE 0.08% 288,135.92 BBG000BLHRS2 1,579
11/19/2025 HUBB HUBBELL INC 0.04% 147,519.68 BBG000BLK267 352
11/19/2025 HUM HUMANA INC 0.01% 32,961.60 BBG000BLKK03 144
11/19/2025 HXL Hexcel Corp. 0.01% 37,039.60 BBG000BLMDQ9 520
11/19/2025 IBM International Business Machines Corporation 0.33% 1,184,704.18 BBG000BLNNH6 4,106
11/19/2025 ICE INTERCONTINENTAL EXCHANGE IN 0.17% 591,398.85 BBG000C1FB75 3,849
11/19/2025 IDXX IDEXX LABS 0.11% 398,741.20 BBG000BLRT07 572
11/19/2025 ILMN ILLUMINA INC 0.01% 47,327.28 BBG000DSMS70 394
11/19/2025 INCY Incyte Corp. 0.05% 195,041.00 BBG000BNPSQ9 1,925
11/19/2025 INGM Ingram Micro Holding Corp 0.01% 34,876.68 BBG01Q381K59 1,713
11/19/2025 INGR INGREDION INC COMMON STOCK USD 0.01 0.01% 43,104.88 BBG000BXPZB7 403
11/19/2025 INSP Inspire Medical Systems Inc. 0.01% 37,877.22 BBG00209SZJ7 454
11/19/2025 INTU INTUIT INC 0.30% 1,059,859.98 BBG000BH5DV1 1,629
11/19/2025 INVH INVITATION HOMES INC REIT USD.01 0.01% 34,147.80 BBG00FQH6BS9 1,244
11/19/2025 IP INTERNATIONAL PAPER CO 0.02% 69,832.41 BBG000BM5SR2 1,919
11/19/2025 IPG Interpublic Group of Companies Inc. 0.03% 119,326.77 BBG000C90DH9 4,833
11/19/2025 IQV IQVIA HOLDINGS INC COMMON STOCK USD.01 0.19% 671,360.76 BBG00333FYS2 3,087
11/19/2025 IT Gartner Inc 0.09% 330,251.18 BBG000BB65D0 1,462
11/19/2025 ITW ILLINOIS TOOL WORKS 0.14% 497,327.41 BBG000BMBL90 2,063
11/19/2025 J JACOBS SOLUTIONS INC COMMON STOCK 0.03% 108,787.50 BBG019C1BQR4 750
11/19/2025 JBHT JB Hunt Transport Services, Inc. 0.02% 76,761.60 BBG000BMDBZ1 480
11/19/2025 JBL JABIL CIRCUIT INC 0.02% 78,835.46 BBG000BJNGN9 394
11/19/2025 JHG JANUS HENDERSON GROUP PLC COMMON STOCK 0.01% 33,015.00 BBG00GSNPM07 775
11/19/2025 JKHY JACK HENRY 0.04% 140,598.40 BBG000BMH2Q7 848
11/19/2025 JNJ JOHNSON & JOHNSON 1.78% 6,354,966.31 BBG000BMHYD1 31,381
11/19/2025 KDP KEURIG DR PEPPER INC 0.11% 407,007.04 BBG000TJM7F0 15,136
11/19/2025 KEX KIRBY CORP 0.01% 45,006.81 BBG000BMQCP6 417
11/19/2025 KEYS KEYSIGHT TEC 0.04% 143,529.42 BBG0059FN811 822
11/19/2025 KHC KRAFT HEINZ CO/THE 0.04% 159,747.83 BBG005CPNTQ2 6,413
11/19/2025 KIM KIMCO REALTY CORP 0.01% 33,616.80 BBG000CN3S73 1,680
11/19/2025 KLAC KLA CORPORATION 0.46% 1,632,109.08 BBG000BMTFR4 1,398
11/19/2025 KMPR KEMPER CORP 0.01% 26,109.04 BBG000H3GDJ8 712
11/19/2025 KMX CARMAX INC 0.01% 28,659.60 BBG000BLMZK6 838
11/19/2025 KNSL KINSALE CAPITAL GROUP INC 0.02% 70,968.37 BBG00D8JD9Z9 187
11/19/2025 KO COCA-COLA CO/THE 0.62% 2,226,951.87 BBG000BMX289 31,317
11/19/2025 KR KROGER CO 0.10% 373,653.63 BBG000BMY992 5,543
11/19/2025 KRC KILROY REALTY CORP 0.01% 34,121.22 BBG000BLMXN8 822
11/19/2025 KVUE KENVUE INC 0.05% 181,895.56 BBG01C79X561 11,326
11/19/2025 LAMR LAMAR ADVERTISING CO-A 0.03% 92,725.36 BBG000FGMKY1 728
11/19/2025 LAZ Lazard Inc 0.01% 33,198.12 BBG000BT4C39 708
11/19/2025 LDOS LEIDOS HOLDINGS INC 0.14% 488,462.76 BBG000C23PB0 2,582
11/19/2025 LEA LEAR CORP 0.02% 57,106.76 BBG000PTLGZ1 556
11/19/2025 LECO LINCOLN ELECTRIC HOLDINGS 0.02% 56,342.28 BBG000BB72K8 254
11/19/2025 LEN LENNAR CORP-A 0.04% 158,920.80 BBG000BN5HF7 1,380
11/19/2025 LFUS LITTELFUSE INC 0.01% 29,031.53 BBG000BGFGT8 121
11/19/2025 LHX L3HARRIS TECHNOLOGIES INC 0.10% 341,159.00 BBG000BLGFJ9 1,196
11/19/2025 LII LENNOX INTERNATIONAL INC 0.05% 177,683.12 BBG000BB5B84 398
11/19/2025 LKQ LKQ CORP 0.02% 77,818.40 BBG000PXDL44 2,629
11/19/2025 LMT LOCKHEED MARTIN CORP 0.19% 684,188.96 BBG000C1BW00 1,456
11/19/2025 LNC LINCOLN NATIONAL CORP 0.01% 34,402.42 BBG000BNC3Y9 862
11/19/2025 LNG Cheniere Energy Inc 0.21% 760,920.60 BBG000C3HSR0 3,630
11/19/2025 LNW LIGHT & WONDER INC COMMON STOCK USD 0.001 0.04% 143,289.92 BBG00JR5MM31 1,576
11/19/2025 LOPE GRAND CANYON EDUCATION INC 0.01% 27,001.40 BBG000FV28W9 167
11/19/2025 LOW LOWES COS INC 0.42% 1,511,617.38 BBG000BNDN65 6,618
11/19/2025 LPX Louisiana-Pacific Corp 0.01% 29,621.05 BBG000BNF508 395
11/19/2025 LRCX LAM RESH CORP 0.38% 1,362,412.80 BBG000BNFLM9 9,156
11/19/2025 LSCC LATTICE SEMICONDUCTOR CORP 0.01% 30,560.40 BBG000C2D1C1 468
11/19/2025 LSTR LANDSTAR SYSTEM INC 0.01% 31,212.61 BBG000BB2KN0 253
11/19/2025 LULU LULULEMON ATHLETICA INC 0.10% 372,472.58 BBG000R8ZVD1 2,243
11/19/2025 LUV SOUTHWEST AIRLINES CO 0.01% 35,016.24 BBG000BNJHS8 1,097
11/19/2025 LVS LAS VEGAS SANDS CORP 0.05% 190,612.80 BBG000JWD753 2,976
11/19/2025 LW LAMB WESTON 0.01% 47,418.30 BBG003CVMLQ2 846
11/19/2025 LYB LYONDELLBASELL INDUSTRIES NV COMMON STOCK USD 0.04 0.04% 149,275.16 BBG000WCFV84 3,491
11/19/2025 LYV LIVE NATION ENTERTAINMENT IN 0.02% 67,470.00 BBG000FQ7YR4 519
11/19/2025 M MACYS INC 0.01% 49,281.99 BBG000C46HM9 2,539
11/19/2025 MA MASTERCARD INC - A 2.93% 10,474,610.00 BBG000F1ZSQ2 19,750
11/19/2025 MAA MID-AMERICA APARTMENT COMM 0.02% 60,111.29 BBG000BLMY92 463
11/19/2025 MANH MANHATTAN ASSOCIATES INC 0.01% 37,044.00 BBG000BFV758 216
11/19/2025 MAR Marriott International, Inc Class A 0.40% 1,438,620.40 BBG000BGD7W6 5,062
11/19/2025 MAS MASCO CORP 0.07% 245,249.44 BBG000BNNKG9 4,126
11/19/2025 MASI MASIMO CORP 0.01% 30,161.16 BBG000C3W281 214
11/19/2025 MAT MATTEL INC 0.01% 35,542.98 BBG000BNNYW1 1,914
11/19/2025 MCD MCDONALDS CORP 0.38% 1,359,605.34 BBG000BNSZP1 4,491
11/19/2025 MCK MCKESSON CORP 0.66% 2,375,833.89 BBG000DYGNW7 2,787
11/19/2025 MCO Moodys Corporation 0.29% 1,045,966.32 BBG000F86GP6 2,212
11/19/2025 MDLZ MONDELEZ INTERNATIONAL INC-A 0.15% 522,385.20 BBG000D4LWF6 9,315
11/19/2025 MDT MEDTRONIC PLC 0.18% 650,805.24 BBG000BNWG87 6,486
11/19/2025 MEDP MEDPACE HOLDINGS INC 0.03% 99,486.24 BBG0065B7K59 168
11/19/2025 MET METLIFE INC 0.10% 340,830.84 BBG000BB6KF5 4,559
11/19/2025 META META PLATFORMS INC 3.26% 11,660,000.64 BBG000MM2P62 19,752
11/19/2025 MGM MGM Resorts International 0.02% 87,950.80 BBG000C2BXK4 2,828
11/19/2025 MHK MOHAWK INDUSTRIES INC 0.01% 26,047.89 BBG000FLZN98 249
11/19/2025 MKC MCCORMICK-N/V 0.03% 102,979.82 BBG000G6Y5W4 1,543
11/19/2025 MKSI MKS Instruments Inc 0.01% 32,080.78 BBG000BVMG26 223
11/19/2025 MKTX MarketAxess Holdings Inc. 0.01% 30,930.15 BBG000BJBZ23 185
11/19/2025 MNST MONSTER BEVERAGE CORP 0.15% 544,129.80 BBG008NVB1C0 7,526
11/19/2025 MO ALTRIA GROUP INC 0.23% 820,540.00 BBG000BP6LJ8 14,000
11/19/2025 MOH Molina Healthcare Inc 0.03% 116,020.80 BBG000MBHNC8 840
11/19/2025 MOS MOSAIC CO/THE 0.01% 33,957.00 BBG000BFXHL6 1,386
11/19/2025 MPC MARATHON PETROLEUM CORP 0.11% 399,056.32 BBG001DCCGR8 2,041
11/19/2025 MPWR MONOLITHIC POWER SYSTEMS INC 0.02% 62,810.15 BBG000C30L48 71
11/19/2025 MRK MERCK & CO. INC. 1.20% 4,300,822.40 BBG000BPD168 45,248
11/19/2025 MRVL MARVELL TECHNOLOGY GROUP LTD MRVL 0.01% 32,202.72 BBG00ZXBJ153 396
11/19/2025 MSA MSA SAFETY INC 0.01% 28,259.53 BBG000BPDXF8 181
11/19/2025 MSCI MSCI INC 0.06% 226,074.36 BBG000RTDY25 404
11/19/2025 MSFT MICROSOFT CORP 7.11% 25,470,043.44 BBG000BPH459 52,287
11/19/2025 MSI MOTOROLA SOLUTIONS INC 0.13% 465,873.54 BBG000BP8Z50 1,254
11/19/2025 MSM MSC INDUSTRIAL DIRECT CO 0.01% 32,632.60 BBG000BCLYL9 385
11/19/2025 MTB M & T BANK CORP 0.01% 30,133.95 BBG000D9KWL9 165
11/19/2025 MTCH MATCH GROUP INC 0.04% 135,902.63 BBG00VT0KNC3 4,313
11/19/2025 MTD METTLER-TOLEDO 0.16% 567,389.72 BBG000BZCKH3 404
11/19/2025 MTG MGIC INVESTMENT CORP 0.01% 35,748.70 BBG000CBMH27 1,285
11/19/2025 MTN Vail Resorts Inc. 0.01% 28,129.95 BBG000BCMWM1 201
11/19/2025 MTSI MACOM TECHNOLOGY SOLUTIONS H 0.01% 38,776.80 BBG000LJQ3H1 240
11/19/2025 MU MICRON TECHNOLOGY INC 0.01% 48,120.96 BBG000C5Z1S3 213
11/19/2025 MUSA MURPHY USA INC 0.01% 31,525.89 BBG001Z0Q6T5 83
11/19/2025 NBIX NEUROCRINE BIOSCIENCES INC 0.02% 75,242.70 BBG000GJS7C1 545
11/19/2025 NCLH NORWEGIAN CRUISE LINE HOLDIN 0.02% 86,641.94 BBG000BSRN78 4,873
11/19/2025 NDAQ NASDAQ INC 0.11% 409,971.32 BBG000F5VVB6 4,766
11/19/2025 NEM NEWMONT GOLDCORP CORPORATION COM 0.11% 402,546.00 BBG000BPWXK1 4,600
11/19/2025 NFG National Fuel Gas Co 0.05% 181,701.52 BBG000BPYD87 2,269
11/19/2025 NFLX NETFLIX INC 0.29% 1,053,580.00 BBG000CL9VN6 9,578
11/19/2025 NI NISOURCE INC 0.01% 37,149.00 BBG000BPZBB6 870
11/19/2025 NKE NIKE INC -CL B 0.05% 194,184.00 BBG000C5HS04 3,100
11/19/2025 NNN NNN REIT INC 0.01% 33,592.74 BBG000CLP0Y4 827
11/19/2025 NOC NORTHROP GRUMMAN CORP 0.11% 393,240.00 BBG000BQ2C28 696
11/19/2025 NOW SERVICENOW INC 0.06% 217,175.70 BBG000M1R011 266
11/19/2025 NRG NRG ENERGY INC 0.23% 810,071.20 BBG000D8RG11 4,799
11/19/2025 NSA NATIONAL STORAGE AFFILIATES 0.01% 33,657.12 BBG008417VN4 1,176
11/19/2025 NSC NORFOLK SOUTHERN CORP 0.13% 461,539.26 BBG000BQ5DS5 1,638
11/19/2025 NTAP NETAPP INC 0.03% 121,041.53 BBG000FP1N32 1,139
11/19/2025 NTRS NORTHERN TRUST CORP 0.01% 47,505.77 BBG000BQ74K1 377
11/19/2025 NUE NUCOR CORP 0.04% 134,464.90 BBG000BQ8KV2 905
11/19/2025 NVDA NVIDIA CORP 8.88% 31,776,666.32 BBG000BBJQV0 170,366
11/19/2025 NVR NVR INC 0.08% 277,676.10 BBG000BQBYR3 39
11/19/2025 NXST NEXSTAR BROADCASTING GROUP-A 0.02% 75,769.68 BBG000DZJVH0 408
11/19/2025 NYT NEW YORK TIMES CO-A 0.01% 39,206.25 BBG000FFC0B3 615
11/19/2025 ODFL Old Dominion Freight Line Inc. 0.04% 136,563.21 BBG000CHSS88 1,071
11/19/2025 OGN ORGANON CO WI 0.01% 36,862.60 BBG00ZQRGW24 4,948
11/19/2025 OLED Universal Display Corp. 0.01% 23,596.14 BBG000BLRP41 213
11/19/2025 OLLI OLLIES BARGAIN OUTLET HOLDI 0.01% 29,800.32 BBG0098VVDT9 249
11/19/2025 OMC OMNICOM GROUP 0.06% 220,104.00 BBG000BS9489 3,057
11/19/2025 ON ON Semiconductor Corporation 0.04% 159,436.84 BBG000DV7MX4 3,457
11/19/2025 ONTO ONTO INNOVATION INC 0.01% 28,023.30 BBG000BPRN29 214
11/19/2025 ORI OLD REPUBLIC INTERNATIONAL CORP COMMON STOCK USD 1 0.01% 36,258.51 BBG000C4PLF7 807
11/19/2025 ORLY OREILLY AUTOMOTIVE INC 0.48% 1,700,798.40 BBG000BGYWY6 17,232
11/19/2025 OSK Oshkosh Corporation 0.01% 51,084.60 BBG000CC53X1 420
11/19/2025 OTIS OTIS WORLDWIDE CORP-W/I 0.23% 815,583.60 BBG00RP60KV0 9,420
11/19/2025 OVV OVINTIV INC COMMON STOCK 0.04% 127,315.80 BBG00R2NHQ65 3,252
11/19/2025 OZK Bank OZK 0.01% 30,500.72 BBG000QFJJW0 697
11/19/2025 PAG PENSKE AUTOMOTIVE GROUP INC 0.02% 66,032.40 BBG000H6K1B0 420
11/19/2025 PANW PALO ALTO NETWORKS INC 0.07% 254,272.80 BBG0014GJCT9 1,272
11/19/2025 PATH UIPATH INC 0.01% 32,648.56 BBG00GKS1G03 2,422
11/19/2025 PCAR PACCAR INC 0.10% 345,144.73 BBG000BQVTF5 3,577
11/19/2025 PCTY PAYLOCITY HOLDING CORP 0.02% 60,221.26 BBG006598YS8 418
11/19/2025 PEGA PEGASYSTEMS INC 0.01% 32,628.08 BBG000H1RYG7 604
11/19/2025 PEP PEPSICO INC 0.41% 1,451,387.26 BBG000DH7JK6 9,866
11/19/2025 PFE PFIZER INC 0.27% 956,237.92 BBG000BR2B91 38,434
11/19/2025 PFG PRINCIPAL FINANCIAL GROUP 0.01% 48,619.35 BBG000NSCNT7 585
11/19/2025 PG PROCTER & GAMBLE CO/THE 0.56% 2,004,649.62 BBG000BR2TH3 13,638
11/19/2025 PGR PROGRESSIVE CORP 0.49% 1,761,369.93 BBG000BR37X2 7,901
11/19/2025 PH PARKER-HANNIFIN CORP COMMON STOCK USD 0.5 0.23% 839,545.41 BBG000BR3KL6 1,023
11/19/2025 PHM PULTEGROUP INC 0.09% 333,430.56 BBG000BR54L0 2,931
11/19/2025 PINS PINTEREST INC- CLASS A 0.01% 40,401.65 BBG002583CV8 1,585
11/19/2025 PK PARK HOTELS & RESORTS INC 0.01% 32,557.38 BBG00FGXCJX5 3,246
11/19/2025 PKG Packaging Corp. of America 0.02% 66,454.02 BBG000BB8SW7 342
11/19/2025 PLD PROLOGIS INC 0.04% 125,704.80 BBG000B9Z0J8 1,027
11/19/2025 PLNT PLANET FITNESS INC - CL A 0.02% 63,286.72 BBG009H04M17 608
11/19/2025 PM PHILIP MORRIS INTERNATIONAL 0.61% 2,172,782.43 BBG000J2XL74 13,963
11/19/2025 PNC PNC FINANCIAL SERVICES GROUP 0.04% 142,899.57 BBG000BRD0D8 781
11/19/2025 PNFP PINNACLE FINL 0.01% 33,379.20 BBG000C1XKF6 380
11/19/2025 PNR Pentair plc 0.05% 190,379.64 BBG000C221G9 1,857
11/19/2025 POOL POOL CORP 0.01% 26,896.20 BBG000BCVG28 115
11/19/2025 PPC Pilgrims Pride Corp 0.03% 121,066.59 BBG000BFLXV3 3,219
11/19/2025 PPG PPG INDUSTRIES INC 0.06% 206,698.94 BBG000BRJ809 2,191
11/19/2025 PRI PRIMERICA INC 0.03% 95,934.74 BBG000T8ZF80 374
11/19/2025 PRMB PRIMO BRANDS CORP A COMMON STOCK USD.01 0.01% 24,631.36 BBG01QNB0RS1 1,612
11/19/2025 PSA PUBLIC STORAGE 0.07% 241,140.96 BBG000BPPN67 906
11/19/2025 PSTG PURE STORAGE INC - CLASS A 0.01% 33,025.85 BBG00212PVZ5 403
11/19/2025 PSX PHILLIPS 66 0.05% 169,457.40 BBG00286S4N9 1,260
11/19/2025 PVH PVH CORP 0.01% 29,799.74 BBG000BRRG02 409
11/19/2025 PWR QUANTA SERVICES INC 0.06% 223,180.47 BBG000BBL8V7 501
11/19/2025 PYPL PAYPAL HOLDINGS INC 0.15% 541,591.10 BBG0077VNXV6 9,010
11/19/2025 QCOM QUALCOMM INC 0.35% 1,236,190.62 BBG000CGC1X8 7,442
11/19/2025 QGEN QIAGEN N.V. 0.01% 33,677.94 BBG000GTYWL7 758
11/19/2025 QRVO QORVO INC 0.01% 30,930.19 BBG007TJF1N7 379
11/19/2025 QSR RESTAURANT BRANDS INTERN 0.09% 307,541.22 BBG0076WG2V1 4,534
11/19/2025 RBA RB GLOBAL INC 0.03% 93,782.40 BBG000C1DF05 960
11/19/2025 RBC RBC BEARINGS INC 0.01% 36,140.16 BBG000GMGNB3 84
11/19/2025 RCL ROYAL CARIBBEAN CRUISES LTD 0.09% 323,072.00 BBG000BB5792 1,262
11/19/2025 REG REGENCY CENTERS CORP 0.01% 33,232.29 BBG000BL46Q4 481
11/19/2025 REGN REGENERON PHARMACEUTICALS 0.26% 947,307.00 BBG000C734W3 1,348
11/19/2025 REYN Reynolds Consumer Products Inc. 0.01% 34,644.72 BBG00QVJVYB5 1,452
11/19/2025 RHI ROBERT HALF INTL INC 0.01% 27,138.86 BBG000BS5DR2 1,043
11/19/2025 RL RALPH LAUREN CORP 0.02% 67,168.64 BBG000BS0ZF1 203
11/19/2025 RMD RESMED INC 0.08% 284,923.37 BBG000L4M7F1 1,163
11/19/2025 RNG RINGCENTRAL INC-CLASS A 0.01% 32,586.40 BBG000J094P3 1,232
11/19/2025 RNR RenaissanceRe Holdings Ltd. 0.04% 148,120.40 BBG000BFVZ83 565
11/19/2025 ROK ROCKWELL AUTOMATION INC 0.04% 132,602.88 BBG000BBCDZ2 356
11/19/2025 ROKU ROKU INC COMMON STOCK USD.0001 0.01% 31,840.20 BBG001ZZPQJ6 342
11/19/2025 ROST ROSS STORES INC 0.06% 230,085.30 BBG000BSBZH7 1,434
11/19/2025 RRX REGAL BELOIT CORP 0.01% 49,776.20 BBG000BRXTR8 380
11/19/2025 RS RELIANCE STEEL & ALUMINUM 0.01% 32,820.09 BBG000CJ2181 123
11/19/2025 RTX RTX Corp. 0.25% 877,364.73 BBG000BW8S60 5,049
11/19/2025 RVTY Revvity Inc. 0.01% 35,055.00 BBG000FXW512 380
11/19/2025 RYN RAYONIER INC 0.01% 28,712.40 BBG000BG7L34 1,348
11/19/2025 SAIC SCIENCE APPLICATIONS INTE 0.02% 71,952.64 BBG003BW05K6 839
11/19/2025 SAM Boston Beer Co. Inc. Class A 0.01% 27,796.32 BBG000BCZBF1 144
11/19/2025 SBUX STARBUCKS CORP 0.14% 494,297.76 BBG000CTQBF3 5,907
11/19/2025 SCCO SOUTHERN COPPER CORP 0.13% 475,550.67 BBG000BSHH72 3,793
11/19/2025 SCI SERVICE CORP INTERNATIONAL 0.02% 65,199.75 BBG000BTHH16 825
11/19/2025 SEE SEALED AIR CORP 0.02% 61,685.00 BBG000C22QV7 1,460
11/19/2025 SEIC SEI INVESTMENTS COMPANY 0.02% 65,270.40 BBG000BSQLT9 832
11/19/2025 SF Stifel Financial Corp 0.01% 33,213.60 BBG000BSS5C0 280
11/19/2025 SFD SMITHFIELD FOODS 0.01% 39,715.55 BBG01RMP2W97 1,855
11/19/2025 SFM SPROUTS FARMERS MARKET INC 0.02% 55,303.56 BBG001KFKQM7 676
11/19/2025 SHC SOTERA HEALTH CO 0.01% 43,805.28 BBG008LZG0Z5 2,776
11/19/2025 SHW SHERWIN-WILLIAMS CO/THE 0.31% 1,113,337.28 BBG000BSXQV7 3,376
11/19/2025 SITE SITEONE LANDSCAPE SUPPLY INC 0.01% 32,239.65 BBG009T22D49 255
11/19/2025 SJM J M Smucker Co COM STK NPV 0.03% 111,704.23 BBG000BT1715 1,067
11/19/2025 SLB SCHLUMBERGER LTD 0.10% 364,337.60 BBG000BT41Q8 10,160
11/19/2025 SN SHARKNINJA HONG KONG CO LTD 0.03% 92,895.57 BBG01HBCT4Q4 1,063
11/19/2025 SNA SNAP-ON INC 0.04% 131,073.52 BBG000BT7JW9 397
11/19/2025 SNPS SYNOPSYS INC 0.07% 243,369.00 BBG000BSFRF3 630
11/19/2025 SNV SYNOVUS FINANCIAL CORP 0.01% 33,832.05 BBG000BLNZL4 735
11/19/2025 SNX SYNNEX CORP 0.03% 92,134.68 BBG000CL9JV4 626
11/19/2025 SO SOUTHERN CO/THE 0.33% 1,190,776.60 BBG000BT9DW0 13,372
11/19/2025 SOLV SOLVENTUM CORP W/I COMMON STOCK 0.04% 134,828.64 BBG018YZH6T3 1,744
11/19/2025 SPG SIMON PROPERTY GROUP INC 0.16% 583,080.81 BBG000BJ2D31 3,237
11/19/2025 SPGI S&P GLOBAL INC 0.20% 709,206.00 BBG000BP1Q11 1,445
11/19/2025 SSB.UN SouthState Bank Corp 0.01% 30,826.32 BBG000BNPYN9 354
11/19/2025 SSD SIMPSON MANUFACTURING CO INC 0.01% 29,596.32 BBG000JLC8L8 186
11/19/2025 ST SENSATA TECHNOLOGIES HOLDING 0.01% 42,495.42 BBG00JPGYW43 1,474
11/19/2025 STE STERIS PLC 0.02% 56,036.20 BBG00MRHG523 220
11/19/2025 STLD Steel Dynamics Inc 0.05% 168,363.18 BBG000HGYNZ9 1,083
11/19/2025 STWD STARWOOD PROPERTY TRUST INC 0.01% 32,786.70 BBG000M1J270 1,865
11/19/2025 STZ CONSTELLATION BRANDS INC-A 0.14% 486,830.82 BBG000J1QLT0 3,766
11/19/2025 SUI Sun Communities Inc 0.01% 30,877.92 BBG000BLJWF3 246
11/19/2025 SWKS SKYWORKS SOLUTIONS INC 0.01% 28,353.27 BBG000KLB4Q1 453
11/19/2025 SYF SYNCHRONY FINANCIAL 0.06% 197,408.55 BBG00658F3P3 2,721
11/19/2025 SYK STRYKER CORP 0.30% 1,083,220.02 BBG000DN7P92 2,974
11/19/2025 SYY SYSCO CORP 0.06% 213,104.22 BBG000BTVJ25 2,814
11/19/2025 T AT&T INC 0.22% 802,726.82 BBG000BSJK37 31,766
11/19/2025 TAP MOLSON COORS BREWING CO - Class B 0.01% 37,845.72 BBG000BS7KS3 836
11/19/2025 TDC TERADATA CORP 0.01% 41,363.00 BBG000R0L5J4 1,555
11/19/2025 TDY TELEDYNE TECH 0.02% 62,730.38 BBG000BMT9T6 127
11/19/2025 TEAM ATLASSIAN CORP PLC-CLASS A 0.02% 72,668.96 BBG01BGWHFR5 496
11/19/2025 TECH BIO-TECHNE CORP 0.01% 32,026.74 BBG000C15114 554
11/19/2025 TER TERADYNE INC 0.01% 43,908.03 BBG000BV4DR6 261
11/19/2025 TFX TELEFLEX INC 0.01% 50,841.70 BBG000BV59Y6 481
11/19/2025 TGT TARGET CORP 0.14% 507,613.76 BBG000H8TVT2 5,897
11/19/2025 THC TENET HEALTHCARE CORP 0.08% 287,295.75 BBG000CPHYL4 1,479
11/19/2025 THG HANOVER INSURANCE GROUP INC/ 0.01% 30,741.56 BBG000FJH8W0 172
11/19/2025 THO Thor Industries Inc. 0.01% 32,957.58 BBG000BV6R84 339
11/19/2025 TJX TJX COMPANIES INC 0.17% 603,070.16 BBG000BV8DN6 4,136
11/19/2025 TKO TKO GROUP HOLDINGS INC COMMON STOCK USD.00001 0.01% 37,297.26 BBG01G9JKWV5 198
11/19/2025 TKR Timken Co 0.01% 33,968.28 BBG000BV95H9 454
11/19/2025 TMO THERMO FISHER SCIENTIFIC INC 0.50% 1,785,634.48 BBG000BVDLH9 3,112
11/19/2025 TMUS T-MOBILE US INC 0.42% 1,517,129.87 BBG000NDV1D4 7,181
11/19/2025 TNL Travel + Leisure Co 0.02% 62,918.70 BBG000PV2L86 1,014
11/19/2025 TOL Toll Brothers Inc 0.04% 127,487.15 BBG000BVHBM1 1,009
11/19/2025 TPR TAPESTRY INC COMMON STOCK USD.01 0.03% 106,602.61 BBG000BY29C7 1,021
11/19/2025 TRMB TRIMBLE INC 0.03% 114,094.56 BBG000BNPS52 1,506
11/19/2025 TROW T ROWE PRICE GROUP INC 0.03% 106,956.18 BBG000BVMPN3 1,098
11/19/2025 TRU TRANSUNION 0.07% 260,050.88 BBG002Q7J5Z1 3,176
11/19/2025 TRV The Travelers Companies Inc. 0.07% 244,647.79 BBG000BJ81C1 857
11/19/2025 TSCO TRACTOR SUPPLY COMPANY 0.03% 105,920.64 BBG000BLXZN1 2,016
11/19/2025 TT TRANE TECHNOLOGIES PLC 0.20% 703,815.90 BBG000BM6788 1,730
11/19/2025 TTC Toro Co. 0.01% 41,007.93 BBG000BVQRY3 597
11/19/2025 TTD TRADE DESK INC/THE -CLASS A 0.01% 27,811.48 BBG00629NGT2 692
11/19/2025 TTEK Tetra Tech Inc 0.03% 101,772.65 BBG000BYZ0Q5 2,879
11/19/2025 TXN TEXAS INSTRUMENTS INC 0.13% 454,304.28 BBG000BVV7G1 2,892
11/19/2025 TXRH TEXAS ROADHOUSE INC 0.01% 39,626.40 BBG000PSJMV7 237
11/19/2025 TXT TEXTRON INC 0.02% 74,753.86 BBG000BVVQQ8 937
11/19/2025 UAL UNITED AIRLINES HOLDINGS INC 0.07% 258,737.89 BBG000M65M61 2,833
11/19/2025 UDR UDR INC 0.02% 56,523.80 BBG000C41023 1,636
11/19/2025 UGI UGI CORP 0.09% 308,194.64 BBG000BVYN55 8,846
11/19/2025 UHS UNIVERSAL HEALTH SERVICES-B 0.01% 51,970.32 BBG000CB8Q50 228
11/19/2025 UI UBIQUITI INC 0.02% 88,286.55 BBG001R72SR9 165
11/19/2025 ULTA Ulta Beauty Inc. 0.04% 144,746.31 BBG00FWQ4VD6 291
11/19/2025 UNH UNITEDHEALTH GROUP INC 0.65% 2,325,902.25 BBG000CH5208 7,525
11/19/2025 UNM UNUM GROUP 0.02% 58,293.00 BBG000BW2QX0 762
11/19/2025 UNP UNION PACIFIC CORP 0.34% 1,230,811.05 BBG000BW3299 5,565
11/19/2025 UPS UNITED PARCEL SERVICE-CL B 0.08% 303,936.49 BBG000L9CV04 3,289
11/19/2025 URI UNITED RENTALS INC 0.16% 563,303.97 BBG000BXMFC3 711
11/19/2025 UTHR United Therapeutics Corp. 0.07% 238,746.54 BBG000BV4XJ1 501
11/19/2025 V VISA INC-CLASS A SHARES 2.93% 10,486,902.60 BBG000PSKYX7 32,355
11/19/2025 VICI VICI PROPERTIES INC REIT 0.01% 45,095.05 BBG00HVVB499 1,547
11/19/2025 VIRT VIRTU FINANCIAL INC CLASS A COMMON STOCK USD.00001 0.01% 36,310.32 BBG0064N2T78 1,073
11/19/2025 VLO VALERO ENERGY CORP 0.09% 304,577.37 BBG000BBGGQ1 1,689
11/19/2025 VLTO VERALTO CORP-W/I 0.08% 292,716.54 BBG019Q32XJ9 2,979
11/19/2025 VMI VALMONT INDUSTRIES 0.01% 30,904.01 BBG000BWB7V4 79
11/19/2025 VNO VORNADO REALTY TRUST 0.01% 28,721.32 BBG000BWHD54 844
11/19/2025 VNT VONTIER CORP COMMON STOCK 0.03% 93,654.66 BBG00RRGSJR4 2,706
11/19/2025 VOYA VOYA FINANCIAL INC 0.01% 42,468.64 BBG000BCWKD6 613
11/19/2025 VRSK VERISK ANALYTICS INC 0.05% 179,221.39 BBG000BCZL41 797
11/19/2025 VRT VERTIV HOLDINGS CO 0.09% 311,948.20 BBG00L2B8KW8 1,828
11/19/2025 VRTX VERTEX PHARMACEUTICALS INC 0.23% 830,692.19 BBG000C1S2X2 1,973
11/19/2025 VTRS VIATRIS INC 0.01% 49,674.54 BBG00Y4RQNH4 4,749
11/19/2025 VVV VALVOLINE INC 0.01% 31,283.44 BBG003DNHV56 1,021
11/19/2025 VZ VERIZON COMMUNICATIONS INC 0.30% 1,086,962.91 BBG000HS77T5 26,389
11/19/2025 WAB WABTEC CORP 0.11% 376,839.68 BBG000BDD940 1,904
11/19/2025 WAT WATERS CORP 0.06% 218,601.25 BBG000FQRVM3 581
11/19/2025 WBD Warner Bros Discovery Inc 0.06% 219,886.07 BBG011386VF4 9,523
11/19/2025 WBS Webster Financial Corp 0.01% 31,420.98 BBG000BWMX63 558
11/19/2025 WCC WESCO INTL 0.01% 50,976.72 BBG000D0FNV3 202
11/19/2025 WDAY WORKDAY INC-CLASS A 0.02% 78,351.00 BBG000VC0T95 350
11/19/2025 WDC WESTERN DIGITAL CORP 0.05% 171,522.58 BBG000BWNFZ9 1,114
11/19/2025 WEN WENDYS CO/THE 0.01% 31,156.44 BBG000D52545 3,837
11/19/2025 WEX WEX INC 0.02% 85,395.12 BBG000BVZP59 614
11/19/2025 WFC WELLS FARGO & CO 0.14% 518,509.76 BBG000BWQFY7 6,161
11/19/2025 WFRD WEATHERFORD INTERNATIONAL PL 0.03% 107,835.00 BBG000DY8ZS4 1,500
11/19/2025 WH Wyndham Hotels & Resorts Inc. 0.03% 99,955.62 BBG00HCY3Q67 1,413
11/19/2025 WHR WHIRLPOOL CORP 0.01% 30,537.44 BBG000BWSV34 436
11/19/2025 WLK WESTLAKE CHEMICAL CORP 0.01% 24,610.00 BBG000PXZFW2 428
11/19/2025 WMS ADVANCED DRAINAGE SYSTEMS IN 0.02% 61,922.88 BBG000G7CDN9 432
11/19/2025 WPC W. P. CAREY REIT INC 0.01% 33,273.45 BBG000BCQM58 503
11/19/2025 WRB W.R. Berkley Corporation 0.03% 111,123.81 BBG000BD1HP2 1,449
11/19/2025 WSC WILLSCOT HOLDINGS CORP COMMON STOCK USD 0.0001 0.02% 54,257.56 BBG00B0FS947 3,622
11/19/2025 WSM WILLIAMS-SONOMA INC 0.03% 120,837.04 BBG000FSMWC3 692
11/19/2025 WSO WATSCO INC 0.01% 36,606.56 BBG000DJN7L9 109
11/19/2025 WST WEST PHARMACEUTICAL SERVICES 0.01% 37,395.50 BBG000BX24N8 145
11/19/2025 WU WESTERN UNION CO 0.01% 49,094.50 BBG000BB5373 5,810
11/19/2025 WWD Woodward Inc 0.01% 31,648.02 BBG000BD53V2 122
11/19/2025 WY WEYERHAEUSER CO 0.01% 30,573.20 BBG000BX3BL3 1,432
11/19/2025 WYNN WYNN RESORTS LTD 0.02% 57,385.20 BBG000LD9JQ8 485
11/19/2025 XOM EXXON MOBIL CORP 0.86% 3,084,075.35 BBG000GZQ728 26,281
11/19/2025 XP XP INC CLASS A COMMON STOCK 0.02% 58,806.00 BBG00QVJYGM9 3,267
11/19/2025 XPO XPO Inc 0.01% 52,968.96 BBG000L5CJF3 418
11/19/2025 XRAY DENTSPLY SIRONA INC 0.01% 28,496.16 BBG000BX57K1 2,827
11/19/2025 XYL Xylem Inc/NY 0.02% 71,991.64 BBG001D8R5D0 518
11/19/2025 YETI YETI Holdings Inc. 0.01% 38,224.87 BBG00D8JC882 1,051
11/19/2025 YUM YUM! BRANDS INC 0.23% 839,639.52 BBG000BH3GZ2 5,661
11/19/2025 ZBH ZIMMER BIOMET HOLDINGS INC 0.03% 107,608.35 BBG000BKPL53 1,203
11/19/2025 ZION ZIONS BANCORPORATION 0.01% 30,106.71 BBG000BX9WL1 597
11/19/2025 ZM ZOOM VIDEO COMMUNICATIONS-A 0.03% 98,546.91 BBG0042V6JM8 1,221
11/19/2025 ZTS ZOETIS INC 0.18% 651,784.36 BBG0039320N9 5,567
11/19/2025 CASH AND CASH EQUIVALENTS 0.92% 3,287,198.27
11/19/2025 CONTRA ABIOMED INC COMMON STOCK 0.00% 0.00 BBG01F3NM7X5 2

Portfolio holdings will change and should not be considered investment advice or a recommendation to buy, sell or hold any particular security.


Risk Considerations

Investing involves risk, including the possible loss of principal. Shares of the ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

The prices of securities in the Fund’s portfolio will fluctuate due to market conditions and may affect its value. The fund is subject to the risks of the underlying securities it invests in such as convertible securities in which market value may change based on the issuer’s credit rating or the ability of the issuer to pay interest and dividends. Investments in preferred securities may cause their prices to behave more like those of debt securities. If interest rates rise, the value of preferred stock tends to fall. The price of a warrant and rights may not necessarily move parallel to the price of the underlying security and is generally more volatile.

The Fund is a non-diversified portfolio, which means that it can take larger positions in a smaller number of securities than a portfolio that is diversified. This can increase the risk that the value of the Fund could go down because of the poor performance of a limited number of investments. The Fund was recently organized and has no operating history. As a result, investors have a limited track record on which to base their investment decision.

The Applied Finance Valuation Large Cap ETF is distributed by Foreside Fund Services, LLC, not an adviser affiliate.

Applied Finance Advisors, LLC is the Adviser to the fund.