The Index represents a portfolio of the S&P 500® plus a liquid bond index. These two positions are dynamically rebalanced to target a specific portfolio volatility. Volatility is calculated as a function of historical returns. Volatility measures are used to deleverage quickly as well as to increase exposure when volatility decreases.
Top 10 Constituents by Index WeightExport
*Based on GICS sectors
The weightings for each sector of the index are rounded to the nearest tenth of a percent, therefore, the aggregate weights for the index may not equal to 100%.
*Based on GICS Sectors