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 volatility. Volatility is calculated as a function of historical returns and is used to deleverage quickly when volatility is high, 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