In determining its allocation tilts, the index follows a “Tactical Allocation Signal.” The Tactical Allocation Signal measures the monthly changes in price of equity components and compares monthly price change to the trailing twelve-month average, with the greatest measuring on the last three months. When the moving average of the underlying index is trending in an upward direction over a twelve-month period, the fund is considered to be in upward momentum. When the upward trend of this moving average reverses to a downward trend, the fund shifts to its fixed-income allocation.
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Current top sector allocations include information technology 28.3%, financials 23.9% and health care 12.0%. Top holdings include Immersion Corp 2.1%, STMicroElectronics 2.1%, Amazon 2.1%, Align Technology 2.0% and Mammoth Energy 2.0%.
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