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Investments

Diverse Multi-Manager Active ETF

Overview

Inception Date

12.13.2021

Type

Active Equity ETF

CUSIP

66538H229

Primary Exchange

NYSE Arca

Ticker Benchmark Expense Ratio NAV Closing Market Price Premium/Discount Median Bid/Ask Spread Fact Sheet
DEIF Russell 1000® Index 0.65% $23.90 $23.90 0.00% 0.0021% PDF

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 888.637.7798. Total annual fund operating expenses are 0.65%. Please review the fund’s prospectus for more information regarding the fund’s fees and expenses. Market price returns are calculated using the closing price and account for distributions from the funds.

Investment Objective

Seeks long-term capital appreciation through strategies managed by sub-advisers that are majority diverse-owned (i.e., over 50% owned and/or controlled by persons of designated diverse background including women, racial minorities, LGBTQ+, veterans and disabled individuals). The fund seeks to achieve its objective by investing in U.S. large-cap and mid-cap strategies.

Philosophy

  • Utilize a proprietary, quantitative-based asset allocation approach, which tests historical data to identify variables that have been predictive of asset class returns, to avoid emotional and cognitive biases that can lead to poor investment decisions
  • Employ a comprehensive investment manager due diligence process to identify strategies with characteristics that are historically associated with long-term relative performance consistency
  • Seek to combine complementary strategies to enhance the portfolio’s risk and return profile

Diverse Multi-Manager Active ETF

Management

View professional designations disclosures

Photo of Brandon  Carl

Brandon Carl, CFA®

Co-Portfolio Manager

Photo of Orton  Chen

Orton Chen, CFA®

Co-Portfolio Manager

Photo of Mary Weeks  Fountain

Mary Weeks Fountain, CFA®

Co-Portfolio Manager


Sub-Advisers to the Fund

  • Boston Common Asset Management LLC – Large Cap Value Allocation
  • GQG Partners LLC – Large Cap Growth Allocation
  • EARNEST Partners LLC – Mid Cap Core Allocation

Performance

Performance as of 02.06.2023

Term 1 Day 1 Mo. 3 Mo. 6 Mo. 1 Yr. QTD YTD Since Inception
NAV -0.42% 1.57% 5.74% 1.07% -2.62% 3.33% 3.33% -2.51%
Closing Market Price -0.42% 1.53% 5.78% 1.07% -2.89% 3.28% 3.28% -2.88%

Quarter-End Performance as of 12.31.2022

Term 1 Mo. QTR 1 Yr. Since Inception
NAV -3.35% 11.78% -8.01% -5.74%
Closing Market Price -3.07% 11.67% -8.11% -5.97%

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 888.637.7798. Total annual fund operating expenses are 0.65%. Please review the fund’s prospectus for more information regarding the fund’s fees and expenses. Market price returns are calculated using the closing price and account for distributions from the funds.

Historical Premium/Discount

Term Cal. Yr. 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2022
Days at premium 171 46 46 41 38
Days at discount 38 6 10 12 10

The table shows the premium or discount of the market price as a percentage of the NAV as well as the number of trading days the Fund traded within the given premium/discount range. This data is provided for information purposes only and is not intended for trading purposes. Past performance does not guarantee future results.

Portfolio Holdings as of 02.06.2023

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Ticker CUSIP Description Quantity Portfolio Weight
XOM 30231G102 EXXON MOBIL CORP 29,331 3.43%
USD USD US DOLLARS 3,071,201 3.21%
UNH 91324P102 UNITEDHEALTH GRP 5,305 2.64%
EXC 30161N101 EXELON CORP 45,932 1.97%
SLB 806857108 SCHLUMBERGER LTD 35,411 1.97%
MRK 58933Y105 MERCK & CO 17,384 1.89%
LLY 532457108 ELI LILLY & CO 4,942 1.75%
PM 718172109 PHILIP MORRIS IN 16,032 1.71%
MO 02209S103 ALTRIA GROUP INC 33,127 1.63%
SCHW 808513105 SCHWAB (CHARLES) 18,519 1.55%
V 92826C839 VISA INC-CLASS A 6,374 1.53%
ELV 036752103 ELEVANCE HEALTH 2,973 1.49%
HUM 444859102 HUMANA INC 2,832 1.44%
URI 911363109 UNITED RENTALS 2,905 1.38%
AEP 025537101 AMERICAN ELECTRI 13,247 1.28%
CMI 231021106 CUMMINS INC 4,753 1.25%
BRK/B 084670702 BERKSHIRE HATH-B 3,772 1.22%
WMT 931142103 WALMART INC 8,161 1.20%
VZ 92343V104 VERIZON COMMUNIC 27,250 1.18%
KEY 493267108 KEYCORP 52,879 1.09%
PG 742718109 PROCTER & GAMBLE 7,380 1.09%
AZN 046353108 ASTRAZENECA-ADR 15,661 1.04%
GILD 375558103 GILEAD SCIENCES 11,325 1.02%
SYK 863667101 STRYKER CORP 3,586 1.02%
TJX 872540109 TJX COS INC 12,112 1.02%
OXY 674599105 OCCIDENTAL PETE 14,910 0.96%
CI 125523100 CIGNA CORP 3,172 0.96%
AXP 025816109 AMERICAN EXPRESS 5,161 0.95%
ARCH 03940R107 ARCH RESOURCES I 6,157 0.95%
ORCL 68389X105 ORACLE CORP 9,946 0.92%
APO 03769M106 APOLLO GLOBAL MA 11,780 0.89%
LMT 539830109 LOCKHEED MARTIN 1,808 0.89%
AKAM 00971T101 AKAMAI TECHNOLOG 9,488 0.87%
RECPAY RECPAY Receivables/Payables 813,590 0.85%
MET 59156R108 METLIFE INC 11,605 0.85%
PNC 693475105 PNC FINANCIAL SE 4,989 0.85%
AMGN 031162100 AMGEN INC 3,283 0.84%
MS 617446448 MORGAN STANLEY 7,848 0.81%
CAT 149123101 CATERPILLAR INC 3,048 0.80%
HSIC 806407102 HENRY SCHEIN INC 8,774 0.79%
HOLX 436440101 HOLOGIC INC 8,687 0.77%
PGR 743315103 PROGRESSIVE CORP 5,230 0.75%
USB 902973304 US BANCORP 14,688 0.75%
KEYS 49338L103 KEYSIGHT TEC 3,929 0.74%
ZBH 98956P102 ZIMMER BIOMET HO 5,384 0.72%
FITB 316773100 FIFTH THIRD BANC 18,578 0.72%
WAB 929740108 WABTEC CORP 6,530 0.72%
UNM 91529Y106 UNUM GROUP 16,153 0.72%
CBRE 12504L109 CBRE GROUP INC-A 7,763 0.70%
REGN 75886F107 REGENERON PHARM 845 0.69%
KIM 49446R109 KIMCO REALTY 29,367 0.68%
RSG 760759100 REPUBLIC SVCS 5,242 0.68%
IFF 459506101 INTL FLVR & FRAG 5,737 0.68%
CARR 14448C104 CARRIER GLOB 13,962 0.67%
ED 209115104 CONS EDISON INC 6,693 0.65%
A 00846U101 AGILENT TECH INC 4,049 0.64%
DGX 74834L100 QUEST DIAGNOSTIC 4,203 0.64%
ALB 012653101 ALBEMARLE CORP 2,192 0.63%
SNPS 871607107 SYNOPSYS INC 1,685 0.63%
DRI 237194105 DARDEN RESTAURAN 4,044 0.63%
ES 30040W108 EVERSOURCE ENERG 7,416 0.63%
AWK 030420103 AMERICAN WATER W 3,810 0.62%
RJF 754730109 RAYMOND JAMES 5,279 0.62%
VRTX 92532F100 VERTEX PHARM 1,908 0.61%
MAS 574599106 MASCO CORP 10,689 0.61%
ST G8060N102 SENSATA TECHNOLO 10,782 0.59%
HD 437076102 HOME DEPOT INC 1,716 0.59%
ATO 049560105 ATMOS ENERGY 4,741 0.58%
SFM 85208M102 SPROUTS FARMERS 17,179 0.58%
VMW 928563402 VMWARE INC-CL A 4,590 0.57%
RGA 759351604 REINSURANCE GROU 3,669 0.56%
HXL 428291108 HEXCEL CORP 7,422 0.54%
ENTG 29362U104 ENTEGRIS INC 6,287 0.54%
MU 595112103 MICRON TECH 8,601 0.54%
ICE 45866F104 INTERCONTINENTAL 4,726 0.54%
ANSS 03662Q105 ANSYS INC 1,853 0.53%
HASI 41068X100 HANNON ARMSTRONG 13,702 0.53%
RNR G7496G103 RENAISSANCERE 2,362 0.53%
AMP 03076C106 AMERIPRISE FINAN 1,433 0.53%
STLD 858119100 STEEL DYNAMICS 3,952 0.51%
X 912909108 US STEEL CORP 16,185 0.51%
COLD 03064D108 AMERICOLD REALTY 15,303 0.51%
SNA 833034101 SNAP-ON INC 1,854 0.50%
SF 860630102 STIFEL FINANCIAL 7,087 0.50%
HLI 441593100 HOULIHAN LOKEY I 4,726 0.49%
AL 00912X302 AIR LEASE CORP 10,566 0.49%
ARW 042735100 ARROW ELECTRONIC 3,578 0.49%
BIO 090572207 BIO-RAD LABS-A 987 0.48%
DHI 23331A109 DR HORTON INC 4,706 0.48%
SWKS 83088M102 SKYWORKS SOLUTIO 4,219 0.48%
WWD 980745103 WOODWARD INC 4,387 0.47%
CTRA 127097103 COTERRA ENERGY I 18,501 0.46%
SEE 81211K100 SEALED AIR CORP 8,099 0.46%
GD 369550108 GENERAL DYNAMICS 1,853 0.45%
SPR 848574109 SPIRIT AEROSYSTEMS HOLD-C 12,141 0.44%
VMI 920253101 VALMONT INDS 1,287 0.43%
ARE 015271109 ALEXANDRIA REAL 2,460 0.43%
ATVI 00507V109 ACTIVISION BLIZZ 5,737 0.43%
GPN 37940X102 GLOBAL PAYMENTS 3,693 0.43%
CSX 126408103 CSX CORP 12,488 0.42%
DOV 260003108 DOVER CORP 2,531 0.41%
CL 194162103 COLGATE-PALMOLIV 5,333 0.41%
EMR 291011104 EMERSON ELEC CO 4,159 0.39%
HSY 427866108 HERSHEY CO/THE 1,560 0.39%
GATX 361448103 GATX CORP 3,206 0.38%
ABC 03073E105 AMERISOURCEBERGE 2,360 0.38%
WEC 92939U106 WEC ENERGY GROUP 3,882 0.38%
SYY 871829107 SYSCO CORP 4,726 0.38%
BKI 09215C105 BLACK KNIGHT 5,945 0.38%
BR 11133T103 BROADRIDGE FINL 2,360 0.37%
SBAC 78410G104 SBA COMM CORP 1,179 0.36%
LKQ 501889208 LKQ CORP 6,158 0.36%
OC 690742101 OWENS CORNING 3,456 0.36%
TGT 87612E106 TARGET CORP 1,974 0.36%
CIEN 171779309 CIENA CORP 6,833 0.35%
WY 962166104 WEYERHAEUSER CO 9,862 0.35%
AMAT 038222105 APPLIED MATERIAL 2,870 0.35%
BXP 101121101 BOSTON PROPERTIE 4,601 0.35%
OGN 68622V106 ORGANON & CO 11,388 0.35%
DE 244199105 DEERE & CO 817 0.35%
LITE 55024U109 LUMENTUM HOL 5,445 0.35%
LH 50540R409 LABORATORY CP 1,349 0.34%
XRAY 24906P109 DENTSPLY SIRONA 8,619 0.34%
SMG 810186106 SCOTTS MIRACLE 4,044 0.34%
SRCL 858912108 STERICYCLE INC 5,906 0.34%
UPS 911312106 UNITED PARCEL-B 1,669 0.33%
PKG 695156109 PACKAGING CORP 2,192 0.33%
CTLT 148806102 CATALENT INC 4,659 0.33%
FIS 31620M106 FIDELITY NATIONA 4,128 0.32%
CCI 22822V101 CROWN CASTLE INC 2,062 0.31%
CHX 15872M104 CHAMPIONX CORP 9,950 0.31%
HP 423452101 HELMERICH & PAYN 6,191 0.29%
MUR 626717102 MURPHY OIL CORP 6,519 0.28%
EMN 277432100 EASTMAN CHEMICAL 2,870 0.27%
SYNH 87166B102 SYNEOS HEALTH IN 5,591 0.22%
META 30303M102 META PLATFORMS-A 1,000 0.20%

1Holding data is provided “as of” the date indicated. Holdings are subject to change without notice. Holdings are provided for informational purposes only and should be not be considered a recommendation to buy or sell the securities listed.

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