Berman McAleer LLC

Key Holdings

The portfolio is dominated by four primary positions, all of which are ETFs or funds that represent a significant portion of the firm's capital:

1. Invesco FTSE RAFI US 1000 Portfolio (PRF): The largest holding at $70.35 million (20.75%), this fund is a "fundamental" ETF that weights stocks based on factors like dividends, cash flow, sales, and book value, rather than market capitalization.
2. Starboard Value ETF (STARBOARD INVT TR): The second-largest position at $66.76 million (19.70%) is highly notable. This is an actively managed ETF that mimics the portfolio of the well-known activist hedge fund Starboard Value LP. This suggests Berman McAleer is allocating significant capital to activist event-driven strategies.
3. Dimensional ETF Trust (DFAI): At $62.82 million (18.53%), this holding represents a core "value" tilt. Dimensional funds are known for academic rigour, targeting size and value premiums in the market.
4. J.P. Morgan ETF (JGRO): Holding $41.17 million (12.15%), this fund focuses on high-quality U.S. companies with strong balance sheets and stable earnings.