ABEQ uses a proprietary five-stage process to actively manage its portfolio. This process is used to identify, purchase, and sell companies that the funds sub-adviser believes are fundamentally attractive and will yield positive returns in all market conditions, over complete market cycles, net of fees and expenses, and not returns that outperform a specific benchmark. The fund primarily invests in US companies of any market capitalization and in any sector, which are selected based on company-by-company analysis. With this bottom-up approach, the fund could be overweight in certain market sectors. In seeking to protect principal or if there are not sufficient companies at valuations appropriate for investment, ABEQ may also invest all or substantially all of its assets in cash and cash-like securities or ETFs.

Loews Corporation

Franco-Nevada Corporation

Agnico Eagle Mines Limited

Unilever PLC

Medtronic plc

The Travelers Companies, Inc.

ONEOK, Inc.

Enbridge Inc.

The Hershey Company

Verizon Communications Inc.

Financial Services

Industrials

Basic Materials

Energy

Communication Services

Consumer Defensive

Healthcare

Real Estate

Utilities

Technology

Absolute Select Value ETF

ABEQ Holdings & Sector Breakdown