S&P U.S. Tactical Multi-Asset 4.5% TCA 0.65% Decrement Index

The S&P U.S. Tactical Multi-Asset 4.5% TCA 0.65% Decrement Index measures the performance of U.S. equities and U.S. fixed income as index components to provide asset class diversification, while targeting 4.5% volatility and less a fixed amount of 0.65% per year. The index uses several market and economic indicators to dynamically adjust equity and fixed income component weights daily between -100% and 100% and maintain predefined component weights during monthly rebalancing. The index includes a transaction cost adjustment (TCA).