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Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index. The index seeks to determine whether U.S. equity markets appear to be in an advancing market (a “Bull” indicator) or appear to have an elevated risk of market decline (a “Bear” indicator). It is non-diversified.
| Symbol | Name | Weight | Market Value |
|---|---|---|---|
| XHB | SPDR S&P Homebuilders ETF | 19.23% | $12.15M |
| SCHG | Schwab U.S. Large-Cap Growth ETF | 15.31% | $9.68M |
| FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | 14.75% | $9.32M |
| QQQ | Invesco QQQ Trust | 10.20% | $6.45M |
| MGK | Vanguard Mega Cap Growth Index Fund ETF Shares | 10.16% | $6.42M |
| ANGL | VanEck Vectors Fallen Angel High Yield Bond ETF | 10.08% | $6.37M |
| JNK | SPDR Bloomberg Barclays High Yield Bond ETF | 10.01% | $6.33M |
| VIOV | Vanguard S&P Small-Cap 600 Value Index Fund ETF Shares | 9.97% | $6.30M |
| CASH&OTHER | — | 0.29% | $183.27K |