NYSE ARCA | ETF
Under normal conditions, the fund will invest at least 80% of its net assets in the securities that comprise the index.
The index is designed to measure the performance of common stock of companies in the S&P 500® Index which are identified as having sustainable competitive advantages, or "an economic moat," as evidenced by their sustained high gross margins, sustained high return on invested capital and high market share.
The fund is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| LRCX | Lam Research Corp | Technology | Semiconductor Equipment & Materials | 2.73% |
| KLAC | KLA-Tencor Corporation | Technology | Semiconductor Equipment & Materials | 2.53% |
| LMT | Lockheed Martin Corporation | Industrials | Aerospace & Defense | 2.46% |
| AVGO | Broadcom Inc | Technology | Semiconductors | 2.46% |
| BKNG | Booking Holdings Inc | Consumer Cyclical | Travel Services | 2.42% |
| AMAT | Applied Materials Inc | Technology | Semiconductor Equipment & Materials | 2.33% |
| PM | Philip Morris International Inc | Consumer Defensive | Tobacco | 2.29% |
| TPL | Texas Pacific Land Trust | Energy | Oil & Gas E&P | 2.25% |
| SBUX | Starbucks Corporation | Consumer Cyclical | Restaurants | 2.20% |
| LOW | Lowe's Companies Inc | Consumer Cyclical | Home Improvement Retail | 2.15% |
| AZO | AutoZone Inc | Consumer Cyclical | Auto Parts | 2.14% |
| CL | Colgate-Palmolive Company | Consumer Defensive | Household & Personal Products | 2.12% |
| HD | The Home Depot Inc | Consumer Cyclical | Home Improvement Retail | 2.10% |
| TPR | Tapestry Inc | Consumer Cyclical | Luxury Goods | 2.09% |
| MO | Altria Group | Consumer Defensive | Tobacco | 2.09% |
| TXN | Texas Instruments Incorporated | Technology | Semiconductors | 2.08% |
| ORLY | O’Reilly Automotive Inc | Consumer Cyclical | Auto Parts | 2.07% |
| YUM | Yum! Brands Inc | Consumer Cyclical | Restaurants | 2.06% |
| INTU | Intuit Inc | Technology | Software - Application | 2.06% |
| BRK-B | Berkshire Hathaway Inc | Financial Services | Insurance - Diversified | 2.05% |