Managed by its sub-adviser, Hillman Capital Management, Inc., the fund's main objective is to invest in common shares of U.S. companies. It targets American businesses that the sub-adviser identifies as possessing strong competitive advantages but are currently undervalued or overlooked. These companies may be out of favor due to transient or temporary issues, or their true potential and intrinsic value are not yet widely known or fully appreciated by the market.

CarMax, Inc.

Amazon.com, Inc.

Adobe Inc.

Intel Corp.

Enterprise Products Partners L.P.

Taiwan Semiconductor Manufacturing Company Limited

Meta Platforms, Inc.

Warner Bros. Discovery, Inc.

Equifax Inc.

ASML Holding N.V.

Technology

Communication Services

Industrials

Healthcare

Financial Services

Consumer Defensive

Consumer Cyclical

Basic Materials

Energy

Real Estate

ALPS Hillman Active Value ETF

HVAL Holdings & Sector Breakdown