Top 10 Holdings
What is EQOP?
The Fund ordinarily invests at least 80% of its assets in equity securities, including exchange-traded common stocks and exchange-traded preferred stocks. Under normal market conditions, the Fund will invest at least 80% of its assets in securities of U.S. issuers. The Funds approach to equity investing combines the styles of two subadvisers in selecting securities for each of the Funds segments. The segments and their subadvisers are listed below. Harris Associates - Large Cap Value segment - Under normal circumstances, the Large Cap Value segment of the Fund managed by Harris Associates L.P.( Harris Associates ) will invest primarily in the exchange-traded common stocks of larger- capitalization companies that Harris Associates believes aretrading at a substantial discount to the companys intrinsic value. By intrinsic value, Harris Associates means its estimate of the price a knowledgeablebuyer would pay to acquire the entire business. Harris Associates believes that investing in securities priced significantly below what Harris Associatesbelieves is a company s intrinsic value presents the best opportunity to achieve the Fund s investment objectives. Harris Associates usually sells a securitywhen the price approaches its estimated value and monitors each holding and adjusts its price targets as warranted to reflect changes in the issuer sfundamentals. In determining whether an issuer is a U.S. or foreign issuer for the Harris Associates Large Cap Value segment, Harris Associatesconsiders various factors, including its country of domicile, the primary stock exchange on which it trades, the location from which the majority of itsrevenue comes, and its reporting currency. Loomis Sayles - All Cap Growth segment - Under normal circumstances, the All Cap Growth segment of the Fund, managed by Loomis, Sayles & Company,L.P. ( Loomis Sayles ), will invest primarily in equity securities, including exchange-traded common stocks and exchange-traded preferred stocks. Thissegment may invest in companies of any size. The segment normally invests across a wide range of sectors and industries. The segment s portfoliomanager employs a growth style of equity management that emphasizes companies with sustainable competitive advantages, long-term structural growthdrivers, attractive cash flowreturns on invested capital, and management teams focused on creating long-term value for shareholders. The segment s portfolio manager aims to invest in companies when they trade at a significant discount to the estimate of intrinsic value. The segment will considerselling a portfolio investment when the portfolio manager believes an unfavorable structural change occurs within a given business or the markets inwhich it operates, a critical underlying investment assumption is flawed, when a more attractive reward-to-risk opportunity becomes available, when theportfolio manager believes the current price fully reflects intrinsic value, or for other investment reasons which the portfolio manager deems appropriate.Although certain equity securities purchased by the Loomis Sayles All Cap Growth segment of the Fund may be issued by domestic companies incorporated outside of the United States, Loomis Sayles does not consider these securities to be foreign if they are included in the U.S. equity indicespublished by S&P Global Ratings or Russell Investments or if the security s country of risk defined by Bloomberg is the United States.
ETFs related toEQOP
ETFs correlated to EQOP include CGGR, CVLC, TILT
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.