{"url":"https://nivawealth.com/firms/morningstar-investment-management-108031","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/108031","regulatoryAum":87824400000,"crd":"108031","secFileNumber":"801-56896","legalName":"Morningstar Investment Management LLC","displayName":"Morningstar Investment Management","website":"https://www.morningstar.com/company","linkedinUrl":"https://www.linkedin.com/company/morningstar","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"22 West Washington Street","city":"Chicago","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60602"},"tradeNames":[],"registration":{"secApproved":"18 October 1999","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":267,"advisory":52,"brokerDealerReps":0,"insuranceAgents":0,"promoters":4},"aum":{"discretionary":87824400000,"discretionaryAccounts":515981,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":1866524},"clientTypes":[{"label":"Individuals (other than HNW)","clients":512688,"regulatoryAum":35593400000},{"label":"High-net-worth individuals","clients":3271,"regulatoryAum":3975000000},{"label":"Investment companies","clients":3,"regulatoryAum":6241700000},{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":0},{"label":"Pension and profit-sharing plans","clients":3,"regulatoryAum":12192700000},{"label":"Other","clients":15,"regulatoryAum":29821600000}],"fees":[],"feeNotes":[],"custodians":[{"name":"Lincoln Financial Group Trust Company","shortName":"Lincoln Financial Group Trust","location":"Concord, NH","smaAssets":23317500000},{"name":"Charles Schwab Trust Bank","shortName":"Charles Schwab","location":"Henderson, NV","smaAssets":16131200000},{"name":"State Street Bank & Trust Company","shortName":"State Street Bank & Trust","location":"Boston, MA","smaAssets":9953100000}],"custodyNote":"Morningstar Investment Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Brock Johnson","title":"Co-President, Morningstar Retirement","crd":"2272230"},{"name":"Daniel Needham","title":"Co-President, Morningstar Wealth","crd":"6462438"},{"name":"Sara Kasun-Fretz","title":"Chief Compliance Officer & Secretary","crd":"4904519"}],"ownership":[{"label":"Morningstar, Inc.","detail":"Sole member in the 75% or more ownership band and a control person, since September 1999."},{"label":"Joseph Mansueto","detail":"Indirect owner: a shareholder of Morningstar, Inc. in the 25% to 50% band and a control person, since April 1984.","parent":"Morningstar, Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":40,"privateResidences":38},"listedOfficeAddresses":1,"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"22 West Washington Street","city":"Chicago","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"312-696-6000","stateRegisteredReps":23,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Other"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":73},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":23},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"18 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/108031/PDF/108031.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Morningstar Investment Management have?","answer":"Morningstar Investment Management has 515,981 clients and manages $87.8 billion for them, as of August 2026. They include 512,688 other individuals, 3,271 high-net-worth individuals and 15 other clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 18 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Morningstar Investment Management offer?","answer":"Morningstar Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Morningstar Investment Management use?","answer":"Morningstar Investment Management’s separately managed account assets are held at Lincoln Financial Group Trust Company (Concord, NH), with $23,317,500,000, Charles Schwab Trust Bank (Henderson, NV), with $16,131,200,000 and State Street Bank & Trust Company (Boston, MA), with $9,953,100,000. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Morningstar Investment Management have?","answer":"Morningstar Investment Management has 23 investment adviser representatives registered with state securities authorities, out of 267 employees, and 52 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Morningstar Investment Management invest in?","answer":"At the end of its last fiscal year, Morningstar Investment Management’s separately managed accounts held 73% registered funds (mutual funds, ETFs, BDCs), 23% pooled vehicles (private funds and similar) and 4% cash and equivalents. It advises no private funds of its own.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Morningstar Investment Management?","answer":"Morningstar Investment Management is owned through a holding company by Joseph Mansueto. Its direct owner is Morningstar, Inc. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 18 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Morningstar Investment Management get paid?","answer":"Morningstar Investment Management is paid through a percentage of assets under management, fixed fees and other arrangements. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/morningstar-investment-management-108031/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-21","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1673385/000110465926085281/0001104659-26-085281-index.html","totalValue":1621688630,"positionCount":317,"top10Share":0.3840606362270666,"top10":[{"issuer":"ISHARES TR","titleOfClass":"US TREAS BD ETF","cusip":"46429B267","value":240183446,"shares":10483782,"shareType":"SH"},{"issuer":"MICROSOFT CORP","titleOfClass":"COM","cusip":"594918104","value":53416642,"shares":144303,"shareType":"SH"},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"TOTAL STK MKT","cusip":"922908769","value":52994604,"shares":165190,"shareType":"SH"},{"issuer":"APPLE INC","titleOfClass":"COM","cusip":"037833100","value":51496529,"shares":202910,"shareType":"SH"},{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL A","cusip":"02079K305","value":42608340,"shares":148172,"shareType":"SH"},{"issuer":"NVIDIA CORPORATION","titleOfClass":"COM","cusip":"67066G104","value":39749771,"shares":227923,"shareType":"SH"},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"SHT TM US TRES","cusip":"808524862","value":39159427,"shares":1613491,"shareType":"SH"},{"issuer":"VANGUARD CHARLOTTE FDS","titleOfClass":"TOTAL INT BD ETF","cusip":"92203J407","value":38123735,"shares":793418,"shareType":"SH"},{"issuer":"SPDR SERIES TRUST","titleOfClass":"STATE STREET SPD","cusip":"78468R853","value":37402144,"shares":774051,"shareType":"SH"},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"FUNDAMENTAL EMER","cusip":"808524730","value":27692129,"shares":723788,"shareType":"SH"}],"positionsListed":200,"positions":[{"issuer":"ISHARES TR","titleOfClass":"US TREAS BD ETF","cusip":"46429B267","value":240183446,"shares":10483782,"shareType":"SH"},{"issuer":"MICROSOFT CORP","titleOfClass":"COM","cusip":"594918104","value":53416642,"shares":144303,"shareType":"SH"},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"TOTAL STK MKT","cusip":"922908769","value":52994604,"shares":165190,"shareType":"SH"},{"issuer":"APPLE INC","titleOfClass":"COM","cusip":"037833100","value":51496529,"shares":202910,"shareType":"SH"},{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL A","cusip":"02079K305","value":42608340,"shares":148172,"shareType":"SH"},{"issuer":"NVIDIA CORPORATION","titleOfClass":"COM","cusip":"67066G104","value":39749771,"shares":227923,"shareType":"SH"},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"SHT TM US TRES","cusip":"808524862","value":39159427,"shares":1613491,"shareType":"SH"},{"issuer":"VANGUARD CHARLOTTE FDS","titleOfClass":"TOTAL INT BD ETF","cusip":"92203J407","value":38123735,"shares":793418,"shareType":"SH"},{"issuer":"SPDR SERIES TRUST","titleOfClass":"STATE STREET SPD","cusip":"78468R853","value":37402144,"shares":774051,"shareType":"SH"},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"FUNDAMENTAL EMER","cusip":"808524730","value":27692129,"shares":723788,"shareType":"SH"},{"issuer":"FIDELITY COVINGTON TRUST","titleOfClass":"MSCI INFO TECH I","cusip":"316092808","value":24540122,"shares":117953,"shareType":"SH"},{"issuer":"SPDR SERIES TRUST","titleOfClass":"STATE STREET SPD","cusip":"78464A300","value":24193753,"shares":255802,"shareType":"SH"},{"issuer":"META PLATFORMS INC","titleOfClass":"CL A","cusip":"30303M102","value":21589898,"shares":37736,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"GLB CNSM STP ETF","cusip":"464288737","value":17455234,"shares":260487,"shareType":"SH"},{"issuer":"VANGUARD WORLD FD","titleOfClass":"COMM SRVC ETF","cusip":"92204A884","value":16975277,"shares":94391,"shareType":"SH"},{"issuer":"VANGUARD WORLD FD","titleOfClass":"HEALTH CAR ETF","cusip":"92204A504","value":15390458,"shares":56514,"shareType":"SH"},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US REIT ETF","cusip":"808524847","value":15154318,"shares":705180,"shareType":"SH"},{"issuer":"VISA INC","titleOfClass":"COM CL A","cusip":"92826C839","value":13166481,"shares":43563,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"ULTRA SHORT DUR","cusip":"46434V878","value":13111744,"shares":259023,"shareType":"SH"},{"issuer":"AMAZON COM INC","titleOfClass":"COM","cusip":"023135106","value":12819227,"shares":61551,"shareType":"SH"},{"issuer":"BROADCOM INC","titleOfClass":"COM","cusip":"11135F101","value":12360901,"shares":39937,"shareType":"SH"},{"issuer":"FRANKLIN TEMPLETON ETF TR","titleOfClass":"FTSE JAPAN ETF","cusip":"35473P744","value":11885564,"shares":328512,"shareType":"SH"},{"issuer":"TAIWAN SEMICONDUCTOR MANUFAC","titleOfClass":"SPONSORED ADS","cusip":"874039100","value":11095574,"shares":32832,"shareType":"SH"},{"issuer":"BLACKROCK INC","titleOfClass":"COM","cusip":"09290D101","value":10740377,"shares":11168,"shareType":"SH"},{"issuer":"EXXON MOBIL CORP","titleOfClass":"COM","cusip":"30231G102","value":10670596,"shares":62894,"shareType":"SH"},{"issuer":"JOHNSON & JOHNSON","titleOfClass":"COM","cusip":"478160104","value":10651717,"shares":43576,"shareType":"SH"},{"issuer":"VANGUARD SCOTTSDALE FDS","titleOfClass":"LONG TERM TREAS","cusip":"92206C847","value":10589412,"shares":191300,"shareType":"SH"},{"issuer":"MASTERCARD INCORPORATED","titleOfClass":"CL A","cusip":"57636Q104","value":9913254,"shares":19840,"shareType":"SH"},{"issuer":"SCHWAB CHARLES CORP","titleOfClass":"COM","cusip":"808513105","value":9625620,"shares":102422,"shareType":"SH"},{"issuer":"CISCO SYS INC","titleOfClass":"COM","cusip":"17275R102","value":9406624,"shares":121235,"shareType":"SH"},{"issuer":"PEPSICO INC","titleOfClass":"COM","cusip":"713448108","value":9159315,"shares":58982,"shareType":"SH"},{"issuer":"HONEYWELL INTL INC","titleOfClass":"COM","cusip":"438516106","value":9033967,"shares":39968,"shareType":"SH"},{"issuer":"KRANESHARES TRUST","titleOfClass":"CSI CHI INTERNET","cusip":"500767306","value":8958549,"shares":315109,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"GLOBAL ENERG ETF","cusip":"464287341","value":8922925,"shares":154885,"shareType":"SH"},{"issuer":"LOCKHEED MARTIN CORP","titleOfClass":"COM","cusip":"539830109","value":8205803,"shares":13577,"shareType":"SH"},{"issuer":"CONSTELLATION BRANDS INC","titleOfClass":"CL A","cusip":"21036P108","value":8178450,"shares":54523,"shareType":"SH"},{"issuer":"PROCTER & GAMBLE CO","titleOfClass":"COM","cusip":"742718109","value":8166493,"shares":56539,"shareType":"SH"},{"issuer":"COGNIZANT TECHNOLOGY SOLUTIO","titleOfClass":"CL A","cusip":"192446102","value":8149673,"shares":132839,"shareType":"SH"},{"issuer":"FRANKLIN TEMPLETON ETF TR","titleOfClass":"FTSE BRAZIL","cusip":"35473P835","value":8148186,"shares":341071,"shareType":"SH"},{"issuer":"PFIZER INC","titleOfClass":"COM","cusip":"717081103","value":7719613,"shares":274915,"shareType":"SH"},{"issuer":"FRANKLIN TEMPLETON ETF TR","titleOfClass":"FTSE UNTD KGDM","cusip":"35473P678","value":7507117,"shares":215970,"shareType":"SH"},{"issuer":"WALMART INC","titleOfClass":"COM","cusip":"931142103","value":7420883,"shares":59711,"shareType":"SH"},{"issuer":"MONDELEZ INTL INC","titleOfClass":"CL A","cusip":"609207105","value":7289558,"shares":126467,"shareType":"SH"},{"issuer":"RAYMOND JAMES FINL INC","titleOfClass":"COM","cusip":"754730109","value":7250938,"shares":50079,"shareType":"SH"},{"issuer":"EMERSON ELEC CO","titleOfClass":"COM","cusip":"291011104","value":7162994,"shares":54671,"shareType":"SH"},{"issuer":"BROWN FORMAN CORP","titleOfClass":"CL B","cusip":"115637209","value":7048296,"shares":266577,"shareType":"SH"},{"issuer":"TOTALENERGIES SE","titleOfClass":"ACT","cusip":"F92124100","value":6621963,"shares":72155,"shareType":"SH"},{"issuer":"LAM RESEARCH CORP","titleOfClass":"COM NEW","cusip":"512807306","value":6410868,"shares":30005,"shareType":"SH"},{"issuer":"ADOBE INC","titleOfClass":"COM","cusip":"00724F101","value":6376718,"shares":26233,"shareType":"SH"},{"issuer":"BERKSHIRE HATHAWAY INC DEL","titleOfClass":"CL B NEW","cusip":"084670702","value":6364734,"shares":13282,"shareType":"SH"},{"issuer":"AMERICAN EXPRESS CO","titleOfClass":"COM","cusip":"025816109","value":6248027,"shares":20656,"shareType":"SH"},{"issuer":"ACCENTURE PLC IRELAND","titleOfClass":"SHS CLASS A","cusip":"G1151C101","value":6246333,"shares":31501,"shareType":"SH"},{"issuer":"FASTENAL CO","titleOfClass":"COM","cusip":"311900104","value":6099744,"shares":131460,"shareType":"SH"},{"issuer":"WATERS CORP","titleOfClass":"COM","cusip":"941848103","value":6088521,"shares":20445,"shareType":"SH"},{"issuer":"UNION PAC CORP","titleOfClass":"COM","cusip":"907818108","value":6073021,"shares":25031,"shareType":"SH"},{"issuer":"VANGUARD MALVERN FDS","titleOfClass":"STRM INFPROIDX","cusip":"922020805","value":6056787,"shares":121257,"shareType":"SH"},{"issuer":"FOX CORP","titleOfClass":"CL A COM","cusip":"35137L105","value":5872003,"shares":100548,"shareType":"SH"},{"issuer":"ROCKWELL AUTOMATION INC","titleOfClass":"COM","cusip":"773903109","value":5807037,"shares":16181,"shareType":"SH"},{"issuer":"US BANCORP","titleOfClass":"COM NEW","cusip":"902973304","value":5592063,"shares":107519,"shareType":"SH"},{"issuer":"COLGATE PALMOLIVE CO","titleOfClass":"COM","cusip":"194162103","value":5541910,"shares":65023,"shareType":"SH"},{"issuer":"GENERAL DYNAMICS CORP","titleOfClass":"COM","cusip":"369550108","value":5483283,"shares":15976,"shareType":"SH"},{"issuer":"NIKE INC","titleOfClass":"CL B","cusip":"654106103","value":5446270,"shares":103110,"shareType":"SH"},{"issuer":"THERMO FISHER SCIENTIFIC INC","titleOfClass":"COM","cusip":"883556102","value":5438288,"shares":11064,"shareType":"SH"},{"issuer":"MASCO CORP","titleOfClass":"COM","cusip":"574599106","value":5312439,"shares":87998,"shareType":"SH"},{"issuer":"OTIS WORLDWIDE CORP","titleOfClass":"COM","cusip":"68902V107","value":5283140,"shares":68541,"shareType":"SH"},{"issuer":"EBAY INC.","titleOfClass":"COM","cusip":"278642103","value":5249579,"shares":57675,"shareType":"SH"},{"issuer":"INTERNATIONAL FLAVORS&FRAGRA","titleOfClass":"COM","cusip":"459506101","value":5167156,"shares":71222,"shareType":"SH"},{"issuer":"AMGEN INC","titleOfClass":"COM","cusip":"031162100","value":5112029,"shares":14529,"shareType":"SH"},{"issuer":"HEALTHPEAK PROPERTIES INC","titleOfClass":"COM","cusip":"42250P103","value":5095600,"shares":310140,"shareType":"SH"},{"issuer":"APPLIED MATLS INC","titleOfClass":"COM","cusip":"038222105","value":5090962,"shares":14895,"shareType":"SH"},{"issuer":"OREILLY AUTOMOTIVE INC","titleOfClass":"COM","cusip":"67103H107","value":5060527,"shares":54821,"shareType":"SH"},{"issuer":"COMCAST CORP NEW","titleOfClass":"CL A","cusip":"20030N101","value":4970821,"shares":173139,"shareType":"SH"},{"issuer":"EDISON INTL","titleOfClass":"COM","cusip":"281020107","value":4947114,"shares":67602,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"EXPANDED TECH","cusip":"464287515","value":4940286,"shares":61715,"shareType":"SH"},{"issuer":"S&P GLOBAL INC","titleOfClass":"COM","cusip":"78409V104","value":4935220,"shares":11603,"shareType":"SH"},{"issuer":"KLA CORP","titleOfClass":"COM NEW","cusip":"482480100","value":4798584,"shares":3259,"shareType":"SH"},{"issuer":"SALESFORCE INC","titleOfClass":"COM","cusip":"79466L302","value":4793499,"shares":25679,"shareType":"SH"},{"issuer":"QUALCOMM INC","titleOfClass":"COM","cusip":"747525103","value":4754300,"shares":36918,"shareType":"SH"},{"issuer":"SERVICENOW INC","titleOfClass":"COM","cusip":"81762P102","value":4717191,"shares":45119,"shareType":"SH"},{"issuer":"APA CORPORATION","titleOfClass":"COM","cusip":"03743Q108","value":4655668,"shares":109700,"shareType":"SH"},{"issuer":"HP INC","titleOfClass":"COM","cusip":"40434L105","value":4629187,"shares":240978,"shareType":"SH"},{"issuer":"PHILIP MORRIS INTL INC","titleOfClass":"COM","cusip":"718172109","value":4615962,"shares":27918,"shareType":"SH"},{"issuer":"AIR PRODUCTS AND CHEMICALS I","titleOfClass":"COM","cusip":"009158106","value":4591194,"shares":15805,"shareType":"SH"},{"issuer":"PPG INDS INC","titleOfClass":"COM","cusip":"693506107","value":4476241,"shares":41881,"shareType":"SH"},{"issuer":"ROPER TECHNOLOGIES INC","titleOfClass":"COM","cusip":"776696106","value":4463944,"shares":12615,"shareType":"SH"},{"issuer":"CROWN CASTLE INC","titleOfClass":"COM","cusip":"22822V101","value":4342117,"shares":53402,"shareType":"SH"},{"issuer":"DEVON ENERGY CORP NEW","titleOfClass":"COM","cusip":"25179M103","value":4335118,"shares":86151,"shareType":"SH"},{"issuer":"REALTY INCOME CORP","titleOfClass":"COM","cusip":"756109104","value":4330137,"shares":70777,"shareType":"SH"},{"issuer":"MEDTRONIC PLC","titleOfClass":"SHS","cusip":"G5960L103","value":4235279,"shares":48878,"shareType":"SH"},{"issuer":"MERCK & CO INC","titleOfClass":"COM","cusip":"58933Y105","value":4194512,"shares":34870,"shareType":"SH"},{"issuer":"DANAHER CORP DEL","titleOfClass":"COM","cusip":"235851102","value":4179922,"shares":22046,"shareType":"SH"},{"issuer":"EVERSOURCE ENERGY","titleOfClass":"COM","cusip":"30040W108","value":4148764,"shares":59884,"shareType":"SH"},{"issuer":"MOODYS CORP","titleOfClass":"COM","cusip":"615369105","value":4129106,"shares":9465,"shareType":"SH"},{"issuer":"VANGUARD SCOTTSDALE FDS","titleOfClass":"INTER TERM TREAS","cusip":"92206C706","value":4081795,"shares":68544,"shareType":"SH"},{"issuer":"VERIZON COMMUNICATIONS INC","titleOfClass":"COM","cusip":"92343V104","value":4064594,"shares":80968,"shareType":"SH"},{"issuer":"AIRBNB INC","titleOfClass":"COM CL A","cusip":"009066101","value":4047905,"shares":32055,"shareType":"SH"},{"issuer":"STRYKER CORPORATION","titleOfClass":"COM","cusip":"863667101","value":4041986,"shares":12301,"shareType":"SH"},{"issuer":"DOW HLDGS INC","titleOfClass":"COM","cusip":"260557103","value":3905229,"shares":93763,"shareType":"SH"},{"issuer":"YUM CHINA HLDGS INC","titleOfClass":"COM","cusip":"98850P109","value":3902407,"shares":78757,"shareType":"SH"},{"issuer":"CANADIAN NATL RY CO","titleOfClass":"COM","cusip":"136375102","value":3865170,"shares":37553,"shareType":"SH"},{"issuer":"CORPAY INC","titleOfClass":"COM SHS","cusip":"219948106","value":3854163,"shares":13245,"shareType":"SH"},{"issuer":"INTUITIVE SURGICAL INC","titleOfClass":"COM NEW","cusip":"46120E602","value":3842352,"shares":8335,"shareType":"SH"},{"issuer":"GE HEALTHCARE TECHNOLOGIES I","titleOfClass":"COMMON STOCK","cusip":"36266G107","value":3839449,"shares":53940,"shareType":"SH"},{"issuer":"ARISTA NETWORKS INC","titleOfClass":"COM SHS","cusip":"040413205","value":3823492,"shares":31141,"shareType":"SH"},{"issuer":"AMCOR PLC","titleOfClass":"COM NEW","cusip":"G0250X149","value":3771162,"shares":94872,"shareType":"SH"},{"issuer":"MODERNA INC","titleOfClass":"COM","cusip":"60770K107","value":3758286,"shares":73982,"shareType":"SH"},{"issuer":"BRISTOL-MYERS SQUIBB CO","titleOfClass":"COM","cusip":"110122108","value":3671084,"shares":60529,"shareType":"SH"},{"issuer":"AMPHENOL CORP","titleOfClass":"CL A","cusip":"032095101","value":3656695,"shares":28941,"shareType":"SH"},{"issuer":"ONEOK INC NEW","titleOfClass":"COM","cusip":"682680103","value":3651846,"shares":40401,"shareType":"SH"},{"issuer":"SEI INVTS CO","titleOfClass":"COM","cusip":"784117103","value":3628845,"shares":46245,"shareType":"SH"},{"issuer":"CLOROX CO DEL","titleOfClass":"COM","cusip":"189054109","value":3579277,"shares":34539,"shareType":"SH"},{"issuer":"MARVELL TECHNOLOGY INC","titleOfClass":"COM","cusip":"573874104","value":3573328,"shares":36076,"shareType":"SH"},{"issuer":"BIOGEN INC","titleOfClass":"COM","cusip":"09062X103","value":3546336,"shares":19344,"shareType":"SH"},{"issuer":"DUKE ENERGY CORP NEW","titleOfClass":"COM NEW","cusip":"26441C204","value":3505526,"shares":26772,"shareType":"SH"},{"issuer":"ILLINOIS TOOL WKS INC","titleOfClass":"COM","cusip":"452308109","value":3491530,"shares":13414,"shareType":"SH"},{"issuer":"CNH INDL N V","titleOfClass":"SHS","cusip":"N20944109","value":3443968,"shares":313088,"shareType":"SH"},{"issuer":"TERADYNE INC","titleOfClass":"COM","cusip":"880770102","value":3416109,"shares":11523,"shareType":"SH"},{"issuer":"TEXAS PACIFIC LAND CORPORATI","titleOfClass":"COM","cusip":"88262P102","value":3320022,"shares":6996,"shareType":"SH"},{"issuer":"LYONDELLBASELL INDUSTRIES NV","titleOfClass":"SHS - A -","cusip":"N53745100","value":3311097,"shares":41101,"shareType":"SH"},{"issuer":"OCCIDENTAL PETE CORP","titleOfClass":"COM","cusip":"674599105","value":3310190,"shares":50926,"shareType":"SH"},{"issuer":"IQVIA HLDGS INC","titleOfClass":"COM","cusip":"46266C105","value":3298414,"shares":19341,"shareType":"SH"},{"issuer":"PAYPAL HLDGS INC","titleOfClass":"COM","cusip":"70450Y103","value":3257058,"shares":72011,"shareType":"SH"},{"issuer":"OMNICOM GROUP INC","titleOfClass":"COM","cusip":"681919106","value":3255877,"shares":43233,"shareType":"SH"},{"issuer":"CHEVRON CORPORATION","titleOfClass":"COM","cusip":"166764100","value":3252675,"shares":15721,"shareType":"SH"},{"issuer":"EDWARDS LIFESCIENCES CORP","titleOfClass":"COM","cusip":"28176E108","value":3246603,"shares":40542,"shareType":"SH"},{"issuer":"ARTISAN PARTNERS ASSET MGMT","titleOfClass":"CL A","cusip":"04316A108","value":3226665,"shares":88669,"shareType":"SH"},{"issuer":"ABBVIE INC","titleOfClass":"COM","cusip":"00287Y109","value":3218635,"shares":14799,"shareType":"SH"},{"issuer":"CONOCOPHILLIPS","titleOfClass":"COM","cusip":"20825C104","value":3211428,"shares":24329,"shareType":"SH"},{"issuer":"HENRY JACK & ASSOC INC","titleOfClass":"COM","cusip":"426281101","value":3188457,"shares":20175,"shareType":"SH"},{"issuer":"GENERAL MILLS INC","titleOfClass":"COM","cusip":"370334104","value":3162993,"shares":84981,"shareType":"SH"},{"issuer":"IDEX CORP","titleOfClass":"COM","cusip":"45167R104","value":3152406,"shares":16631,"shareType":"SH"},{"issuer":"BAXTER INTL INC","titleOfClass":"COM","cusip":"071813109","value":3148001,"shares":187381,"shareType":"SH"},{"issuer":"VERISIGN INC","titleOfClass":"COM","cusip":"92343E102","value":3101023,"shares":12486,"shareType":"SH"},{"issuer":"TEXAS INSTRS INC","titleOfClass":"COM","cusip":"882508104","value":3045862,"shares":15689,"shareType":"SH"},{"issuer":"BECTON DICKINSON & CO","titleOfClass":"COM","cusip":"075887109","value":3044602,"shares":19364,"shareType":"SH"},{"issuer":"LAUDER ESTEE COS INC","titleOfClass":"CL A","cusip":"518439104","value":3006086,"shares":41885,"shareType":"SH"},{"issuer":"ZOETIS INC","titleOfClass":"CL A","cusip":"98978V103","value":2960215,"shares":25042,"shareType":"SH"},{"issuer":"PALO ALTO NETWORKS INC","titleOfClass":"COM","cusip":"697435105","value":2913175,"shares":18171,"shareType":"SH"},{"issuer":"ROGERS COMMUNICATIONS INC","titleOfClass":"CL B","cusip":"775109200","value":2908829,"shares":75635,"shareType":"SH"},{"issuer":"CHORD ENERGY CORPORATION","titleOfClass":"COM NEW","cusip":"674215207","value":2882131,"shares":20271,"shareType":"SH"},{"issuer":"CHENIERE ENERGY INC","titleOfClass":"COM NEW","cusip":"16411R208","value":2838451,"shares":10003,"shareType":"SH"},{"issuer":"AVALONBAY CMNTYS INC","titleOfClass":"COM","cusip":"053484101","value":2799166,"shares":17136,"shareType":"SH"},{"issuer":"SLB LIMITED","titleOfClass":"COM STK","cusip":"806857108","value":2751369,"shares":53539,"shareType":"SH"},{"issuer":"ALTRIA GROUP INC","titleOfClass":"COM","cusip":"02209S103","value":2691402,"shares":40785,"shareType":"SH"},{"issuer":"TRANSUNION","titleOfClass":"COM","cusip":"89400J107","value":2687270,"shares":38839,"shareType":"SH"},{"issuer":"THE CAMPBELLS COMPANY","titleOfClass":"COM","cusip":"134429109","value":2658169,"shares":119361,"shareType":"SH"},{"issuer":"MATADOR RES CO","titleOfClass":"COM","cusip":"576485205","value":2629994,"shares":41627,"shareType":"SH"},{"issuer":"PETROLEO BRASILEIRO S A","titleOfClass":"SPONSORED ADR","cusip":"71654V408","value":2594435,"shares":125033,"shareType":"SH"},{"issuer":"NXP SEMICONDUCTORS N V","titleOfClass":"COM","cusip":"N6596X109","value":2588512,"shares":13149,"shareType":"SH"},{"issuer":"ILLUMINA INC","titleOfClass":"COM","cusip":"452327109","value":2561589,"shares":20782,"shareType":"SH"},{"issuer":"CME GROUP INC","titleOfClass":"COM","cusip":"12572Q105","value":2524061,"shares":8546,"shareType":"SH"},{"issuer":"UNITED PARCEL SVCS INC","titleOfClass":"CL B","cusip":"911312106","value":2497180,"shares":25383,"shareType":"SH"},{"issuer":"MONOLITHIC PWR SYS INC","titleOfClass":"COM","cusip":"609839105","value":2462224,"shares":2252,"shareType":"SH"},{"issuer":"KEYCORP","titleOfClass":"COM","cusip":"493267108","value":2418170,"shares":120607,"shareType":"SH"},{"issuer":"AGILENT TECHNOLOGIES INC","titleOfClass":"COM","cusip":"00846U101","value":2389591,"shares":20965,"shareType":"SH"},{"issuer":"LPL FINL HLDGS INC","titleOfClass":"COM","cusip":"50212V100","value":2361215,"shares":7849,"shareType":"SH"},{"issuer":"FIFTH THIRD BANCORP","titleOfClass":"COM","cusip":"316773100","value":2322210,"shares":49983,"shareType":"SH"},{"issuer":"FEDERATED HERMES INC","titleOfClass":"CL B","cusip":"314211103","value":2262445,"shares":39895,"shareType":"SH"},{"issuer":"ZIMMER BIOMET HOLDINGS INC","titleOfClass":"COM","cusip":"98956P102","value":2218636,"shares":24537,"shareType":"SH"},{"issuer":"TYSON FOODS INC","titleOfClass":"CL A","cusip":"902494103","value":2215348,"shares":34577,"shareType":"SH"},{"issuer":"TORONTO DOMINION BK ONT","titleOfClass":"COM NEW","cusip":"891160509","value":2199702,"shares":23553,"shareType":"SH"},{"issuer":"TRUIST FINL CORP","titleOfClass":"COM","cusip":"89832Q109","value":2182610,"shares":47479,"shareType":"SH"},{"issuer":"ALIGN TECHNOLOGY INC","titleOfClass":"COM","cusip":"016255101","value":2179047,"shares":12711,"shareType":"SH"},{"issuer":"AUTOZONE INC","titleOfClass":"COM","cusip":"053332102","value":2117868,"shares":627,"shareType":"SH"},{"issuer":"EQUIFAX INC","titleOfClass":"COM","cusip":"294429105","value":2096195,"shares":11641,"shareType":"SH"},{"issuer":"PROLOGIS INC.","titleOfClass":"COM","cusip":"74340W103","value":2093467,"shares":15838,"shareType":"SH"},{"issuer":"REGENERON PHARMACEUTICALS","titleOfClass":"COM","cusip":"75886F107","value":2089991,"shares":2705,"shareType":"SH"},{"issuer":"WELLS FARGO & CO","titleOfClass":"COM","cusip":"949746101","value":2063969,"shares":25926,"shareType":"SH"},{"issuer":"PRESTIGE CONSMR HEALTHCARE I","titleOfClass":"COM","cusip":"74112D101","value":1980211,"shares":33410,"shareType":"SH"},{"issuer":"PROG HOLDINGS INC","titleOfClass":"COM NPV","cusip":"74319R101","value":1965954,"shares":68524,"shareType":"SH"},{"issuer":"PRICE T ROWE GROUP INC","titleOfClass":"COM","cusip":"74144T108","value":1962438,"shares":21771,"shareType":"SH"},{"issuer":"KRAFT HEINZ CO","titleOfClass":"COM","cusip":"500754106","value":1958092,"shares":87065,"shareType":"SH"},{"issuer":"CHARTER COMMUNICATIONS INC","titleOfClass":"CL A","cusip":"16119P108","value":1893268,"shares":8770,"shareType":"SH"},{"issuer":"BANK AMERICA CORP","titleOfClass":"COM","cusip":"060505104","value":1878191,"shares":38527,"shareType":"SH"},{"issuer":"ROBERT HALF INC.","titleOfClass":"COM","cusip":"770323103","value":1875333,"shares":73832,"shareType":"SH"},{"issuer":"SUNBELT RENTALS HOLDINGS INC","titleOfClass":"SHS","cusip":"866966104","value":1860475,"shares":29165,"shareType":"SH"},{"issuer":"CENTENE CORP DEL","titleOfClass":"COM","cusip":"15135B101","value":1847060,"shares":56416,"shareType":"SH"},{"issuer":"COPART INC","titleOfClass":"COM","cusip":"217204106","value":1803822,"shares":54332,"shareType":"SH"},{"issuer":"JANUS HENDERSON GROUP PLC","titleOfClass":"ORD SHS","cusip":"G4474Y214","value":1798001,"shares":35001,"shareType":"SH"},{"issuer":"BLACKSTONE INC","titleOfClass":"COM","cusip":"09260D107","value":1774871,"shares":15435,"shareType":"SH"},{"issuer":"BOEING CO","titleOfClass":"COM","cusip":"097023105","value":1765794,"shares":8872,"shareType":"SH"},{"issuer":"COSTCO WHOLESALE CORPORATION","titleOfClass":"COM","cusip":"22160K105","value":1747738,"shares":1754,"shareType":"SH"},{"issuer":"SBA COMMUNICATIONS CORP","titleOfClass":"CL A","cusip":"78410G104","value":1745884,"shares":10144,"shareType":"SH"},{"issuer":"KKR & CO INC","titleOfClass":"COM","cusip":"48251W104","value":1669903,"shares":18053,"shareType":"SH"},{"issuer":"SKYWORKS SOLUTIONS INC","titleOfClass":"COM","cusip":"83088M102","value":1594826,"shares":29782,"shareType":"SH"},{"issuer":"MAGNA INTL INC","titleOfClass":"COM","cusip":"559222401","value":1584907,"shares":28379,"shareType":"SH"},{"issuer":"FACTSET RESH SYS INC","titleOfClass":"COM","cusip":"303075105","value":1583810,"shares":7299,"shareType":"SH"},{"issuer":"VIPER ENERGY INC","titleOfClass":"CL A","cusip":"64361Q101","value":1569043,"shares":33391,"shareType":"SH"},{"issuer":"LULULEMON ATHLETICA INC","titleOfClass":"COM","cusip":"550021109","value":1505585,"shares":9834,"shareType":"SH"},{"issuer":"UNITEDHEALTH GROUP INC","titleOfClass":"COM","cusip":"91324P102","value":1497445,"shares":5534,"shareType":"SH"},{"issuer":"ACUITY INC","titleOfClass":"COM","cusip":"00508Y102","value":1486567,"shares":5305,"shareType":"SH"},{"issuer":"BANK MONTREAL MEDIUM","titleOfClass":"COM","cusip":"063671101","value":1445894,"shares":10675,"shareType":"SH"},{"issuer":"TENCENT MUSIC ENTMT GROUP","titleOfClass":"SPON ADS","cusip":"88034P109","value":1438381,"shares":154998,"shareType":"SH"},{"issuer":"QNITY ELECTRONICS INC","titleOfClass":"COMMON STOCK","cusip":"74743L100","value":1428289,"shares":12379,"shareType":"SH"},{"issuer":"UBS GROUP AG","titleOfClass":"SHS","cusip":"H42097107","value":1333148,"shares":34188,"shareType":"SH"},{"issuer":"ALCON AG","titleOfClass":"ORD SHS","cusip":"H01301128","value":1312020,"shares":17357,"shareType":"SH"},{"issuer":"NETAPP INC","titleOfClass":"COM","cusip":"64110D104","value":1275267,"shares":12455,"shareType":"SH"},{"issuer":"BRP INC","titleOfClass":"COM SUN VTG","cusip":"05577W200","value":1186831,"shares":16510,"shareType":"SH"},{"issuer":"UBIQUITI INC","titleOfClass":"COM","cusip":"90353W103","value":1172000,"shares":1483,"shareType":"SH"},{"issuer":"DIAMONDBACK ENERGY INC","titleOfClass":"COM","cusip":"25278X109","value":1142831,"shares":5778,"shareType":"SH"}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}