ModelxChange Performance and Statistics
Annualized ReturnsAnnual ReturnsStatisticsGeneral
TypeManagerNameAs Of
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2017
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2016
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2015
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2014
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2012
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NameModel IDStyleProfileManagement FeeMinimum
Investment
Strategy_descEst. 12b1Est. SubTATotal Model Expense
ModelxChange3D Asset Management3D Global ETF 10010/31/2017 12:00:00 AM17.800421.77018.683511.486117.800411.1453-1.93086.149122.869214.20729.229.160.911.21100Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1000.40000The investment objective of the Portfolio is to earn an expected average annualized return in excess of 9.50% over time, consisting of capital appreciation and dividend yield. The Portfolio’s target allocation is 100% equity funds and 0% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, and certain alternative assets, such as REITs and commodity indexes. 0.7820
ModelxChange3D Asset Management3D Global ETF 2010/31/2017 12:00:00 AM3.85693.08834.25623.92033.856910.1752-0.77892.72713.18098.67424.414.080.880.9108Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1080.40000The investment objective of the Portfolio is to earn an expected average annualized return of 5.50% to 6.50% over time, consisting of capital appreciation and dividend yield. The Portfolio’s target allocation is 20% equity funds and 80% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, bond markets, and certain alternative assets, such as REITs and commodity indexes.0.7098
ModelxChange3D Asset Management3D Global ETF 20 - Tax Sensitive10/31/2017 12:00:00 AM7.40636.12853.19723.23077.40631.70580.54042.81563.00215.85893.053.250.920.922147Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21470.40000The investment objective of the Portfolio is to earn an expected average annualized return of 5.50% to 6.50% over time, consisting of capital appreciation and tax-sensitive yield The Portfolio’s target allocation is 20% equity funds and 80% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, municipal bond markets, and certain alternative assets, such as REITs and commodity indexes. 0.6964
ModelxChange3D Asset Management3D Global ETF 3010/31/2017 12:00:00 AM8.93428.70184.83585.00508.93426.5459-0.49403.25006.21404.164.161.071.142136Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21360.40000The investment objective of the Portfolio is to earn an expected average annualized return of 6% to 7% over time, consisting of capital appreciation and dividend yield. The Portfolio’s target allocation is 30% equity funds and 70% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, bond markets, and certain alternative assets, such as REITs and commodity indexes. 0.7188
ModelxChange3D Asset Management3D Global ETF 30 - Tax Sensitive10/31/2017 12:00:00 AM9.11257.79473.82509.11251.87130.68573.950.882140Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21400.40000The investment objective of the Portfolio is to earn an expected average annualized return of 6% to 7% over time, consisting of capital appreciation and tax-sensitive yield. The Portfolio’s target allocation is 30% equity funds and 70% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, municipal bond markets, and certain alternative assets, such as REITs and commodity indexes. 0.7071
ModelxChange3D Asset Management3D Global ETF 4010/31/2017 12:00:00 AM9.36059.59485.02135.72229.36056.9853-0.86553.64828.275210.25044.754.760.981.14109Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1090.40000The investment objective of the Portfolio is to earn an expected average annualized return of 6.50% to 7.50% over time, consisting of capital appreciation and dividend yield. The Portfolio’s target allocation is 40% equity funds and 60% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, bond markets, and certain alternative assets, such as REITs and commodity indexes. 0.7279
ModelxChange3D Asset Management3D Global ETF 40 - Tax Sensitive10/31/2017 12:00:00 AM9.854610.31334.68265.62959.85464.5558-0.34514.67548.05018.67064.134.531.041.182141Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21410.40000The investment objective of the Portfolio is to earn an expected average annualized return of 6.50% to 7.50% over time, consisting of capital appreciation and tax-sensitive yield. The Portfolio’s target allocation is 40% equity funds and 60% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, municipal bond markets, and certain alternative assets, such as REITs and commodity indexes. 0.7178
ModelxChange3D Asset Management3D Global ETF 5010/31/2017 12:00:00 AM10.584012.09825.34336.721610.58408.0433-1.89384.074611.444411.85335.535.60.91.152137Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21370.40000The investment objective of the Portfolio is to earn an expected average annualized return of 7% to 8% over time, consisting of capital appreciation and dividend yield. The Portfolio’s target allocation is 50% equity funds and 50% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, bond markets, and certain alternative assets, such as REITs and commodity indexes. 0.7369
ModelxChange3D Asset Management3D Global ETF 50 - Tax Sensitive10/31/2017 12:00:00 AM10.125610.57664.65226.281010.12565.2863-1.29654.692811.14389.37774.845.260.891.142142Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21420.40000The investment objective of the Portfolio is to earn an expected average annualized return of 7% to 8% over time, consisting of capital appreciation and tax-sensitive yield. The Portfolio’s target allocation is 50% equity funds and 50% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, municipal bond markets, and certain alternative assets, such as REITs and commodity indexes. 0.7285
ModelxChange3D Asset Management3D Global ETF 6010/31/2017 12:00:00 AM12.043513.49356.70057.945212.04358.14370.37574.479213.463810.81455.785.951.091.28110Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1100.40000The investment objective of the Portfolio is to earn an expected average annualized return of 7.50% to 8.50% over time, consisting of capital appreciation and dividend yield. The Portfolio’s target allocation is 60% equity funds and 40% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, bond markets, and certain alternative assets, such as REITs and commodity indexes. 0.7459
ModelxChange3D Asset Management3D Global ETF 60 - Tax Sensitive10/31/2017 12:00:00 AM0.19062.30702.07145.40700.19067.5789-1.58115.145714.036610.53837.817.320.250.722143Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21430.40000The investment objective of the Portfolio is to earn an expected average annualized return of 7.50% to 8.50% over time, consisting of capital appreciation and tax-sensitive yield. The Portfolio’s target allocation is 60% equity funds and 40% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, municipal bond markets, and certain alternative assets, such as REITs and commodity indexes. 0.7392
ModelxChange3D Asset Management3D Global ETF 7010/31/2017 12:00:00 AM13.255515.59486.71258.833413.25559.1078-1.52545.027616.799011.597877.030.911.212138Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21380.40000The investment objective of the Portfolio is to earn an expected average annualized return of 8% to 9% over time, consisting of capital appreciation and dividend yield. The Portfolio’s target allocation is 70% equity funds and 30% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, bond markets, and certain alternative assets, such as REITs and commodity indexes. 0.7549
ModelxChange3D Asset Management3D Global ETF 70 - Tax Sensitive10/31/2017 12:00:00 AM11.075214.56176.12328.463311.07529.6793-2.21905.676616.387511.28556.336.680.911.222144Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21440.40000The investment objective of the Portfolio is to earn an expected average annualized return of 8% to 9% over time, consisting of capital appreciation and tax-sensitive yield. The Portfolio’s target allocation is 70% equity funds and 30% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, municipal bond markets, and certain alternative assets, such as REITs and commodity indexes. 0.7499
ModelxChange3D Asset Management3D Global ETF 8010/31/2017 12:00:00 AM13.897416.55277.27089.069113.897410.0525-1.48735.422316.025312.17217.637.540.911.16112Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1120.40000The investment objective of the Portfolio is to earn an expected average annualized return of 8.50% to 9.50% over time, consisting of capital appreciation and dividend yield. The Portfolio’s target allocation is 80% equity funds and 20% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, bond markets, and certain alternative assets, such as REITs and commodity indexes. 0.7640
ModelxChange3D Asset Management3D Global ETF 80 - Tax Sensitive10/31/2017 12:00:00 AM12.940118.03337.598410.231112.940111.3268-1.59486.245319.999913.71747.527.650.961.282145Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21450.40000The investment objective of the Portfolio is to earn an expected average annualized return of 8.50% to 9.50% over time, consisting of capital appreciation and tax-sensitive yield. The Portfolio’s target allocation is 80% equity funds and 20% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, municipal bond markets, and certain alternative assets, such as REITs and commodity indexes.0.7606
ModelxChange3D Asset Management3D Global ETF 9010/31/2017 12:00:00 AM16.806916.80692139Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21390.40000The investment objective of the Portfolio is to earn an expected average annualized return of 9% to 10% over time, consisting of capital appreciation and dividend yield. The Portfolio’s target allocation is 90% equity funds and 10% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, bond markets, and certain alternative assets, such as REITs and commodity indexes.0.7730
ModelxChange3D Asset Management3D Global ETF 90 - Tax Sensitive10/31/2017 12:00:00 AM2146Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21460.40000The investment objective of the Portfolio is to earn an expected average annualized return of 9% to 10% over time, consisting of capital appreciation and tax-sensitive yield. The Portfolio’s target allocation is 90% equity funds and 10% fixed income funds. The portfolio seeks to achieve diversification and cost control by investing in ETFs that track both domestic and international equity markets, municipal bond markets, and certain alternative assets, such as REITs and commodity indexes. 0.7713
ModelxChange3D Asset Management3D Global ETF Fixed Income10/31/2017 12:00:00 AM4.64122.73033.14182.08974.64124.68850.39711.8652-0.97558.15622.592.71.060.69676Multisector Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL6760.400003D Global ETF Fixed Income Portfolio is designed for investors seeking income, diversification, and risk management against stock market uncertainty and future inflation. Our fixed income strategy seeks the highest level of current income while managing risk for capital preservation. The component exchange-traded funds (ETFs) in the portfolio invests in Treasury securities, investment grade corporate bonds, high-yield bonds and senior floating-rate bank notes.0.6918
ModelxChange3D Asset Management3D/Newfound PrudentPath 201510/31/2017 12:00:00 AM9.259910.07364.14539.25995.1820-2.36825.040.761472Target Date 2011-2015https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14720.60000The portfolio is appropriate for conservative investors seeking to minimize equity exposure with the goal of reducing overall risk and achieving current income. This Fund is designed for an investor with a projected retirement date on or around the year 2015. Portfolio upside potential will be provided by a strategically invested allocation of Exchange Traded Funds (ETPs) composed of primarily fixed income with smaller allocations to equity and alternative asset classes. Downside protection will be provided by absolute and relative exposure models designed to tactically adjust the portfolio allocation of equity vs. fixed income vs. cash to changing market conditions. The maximum allocation to equity in the portfolio declines according to the Glide Path as the target date approaches.0.9630
ModelxChange3D Asset Management3D/Newfound PrudentPath 202010/31/2017 12:00:00 AM13.419315.34474.737313.41936.2261-5.50766.170.721473Target Date 2016-2020https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14730.60000The portfolio is appropriate for conservative investors seeking to minimize equity exposure with the goal of reducing overall risk and achieving current income and modest capital growth. This Fund is designed for an investor with a projected retirement date on or around the year 2020. Portfolio upside potential will be provided by a strategically invested allocation of Exchange Traded Funds (ETPs) composed of primarily fixed income with modest allocations to equity and alternative asset classes. Downside protection will be provided by absolute and relative exposure models designed to tactically adjust the portfolio allocation of equity vs. fixed income vs. cash to changing market conditions. The maximum allocation to equity in the portfolio declines according to the Glide Path as the target date approaches.0.9687
ModelxChange3D Asset Management3D/Newfound PrudentPath 202510/31/2017 12:00:00 AM13.788316.70035.198013.78836.9665-5.34366.820.721474Target Date 2021-2025https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14740.60000The portfolio is appropriate for moderately conservative investors seeking to invest in both fixed income and equities with the goal of reducing risk and achieving conservative to moderate capital growth as well as some current income. This Fund is designed for an investor with a projected retirement date on or around the year 2025. Portfolio upside potential will be provided by a strategically invested allocation of Exchange Traded Funds (ETPs) composed of fixed income equity and alternative asset classes. Downside protection will be provided by absolute and relative exposure models designed to tactically adjust the portfolio allocation of equity vs. fixed income vs. cash to changing market conditions. The maximum allocation to equity in the portfolio declines according to the Glide Path as the target date approaches.0.9752
ModelxChange3D Asset Management3D/Newfound PrudentPath 203010/31/2017 12:00:00 AM16.232519.47285.827616.23256.9159-5.61587.240.771475Target Date 2026-2030https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14750.60000The portfolio seeks is appropriate for a moderate investor who seeks to invest in both fixed income and equities with the goal of reducing risk and achieving moderate capital growth This Fund is designed for an investor with a projected retirement date on or around the year 2030. Portfolio upside potential will be provided by a strategically invested allocation of Exchange Traded Funds (ETPs) composed of equity, fixed income and alternative asset classes. Downside protection will be provided by absolute and relative exposure models designed to tactically adjust the portfolio allocation of equity vs. fixed income vs. cash to changing market conditions. The maximum allocation to equity in the portfolio declines according to the Glide Path as the target date approaches.0.9788
ModelxChange3D Asset Management3D/Newfound PrudentPath 203510/31/2017 12:00:00 AM16.692619.68185.900316.69267.2652-6.08477.350.771476Target Date 2031-2035https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14760.60000The portfolio is appropriate for a moderate to aggressive investor who seeks to invest in both equities and fixed income with the goal of reducing risk and achieving moderate to aggressive capital growth. This Fund is appropriate for an investor with a projected retirement date on or around the year 2035. Portfolio upside potential will be provided by a strategically invested allocation of Exchange Traded Funds (ETPs) composed of equity, fixed income and alternative asset classes. Downside protection will be provided by absolute and relative exposure models designed to tactically adjust the portfolio allocation of equity vs. fixed income vs. cash to changing market conditions. The maximum allocation to equity in the portfolio declines according to the Glide Path as the target date approaches.0.9809
ModelxChange3D Asset Management3D/Newfound PrudentPath 204510/31/2017 12:00:00 AM18.658121.71556.529918.65817.1951-5.92297.440.841477Target Date 2041-2045https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14770.60000The portfolio is appropriate for a an aggressive investor who seeks significant equity exposure with the goal of achieving capital growth and some income while providing downside protection for an investor with a projected retirement date on or around the year 2045. Portfolio upside potential will be provided by a strategically invested allocation of Exchange Traded Funds (ETPs) composed of primarily equities with smaller allocations to fixed income and alternative asset classes. Downside protection will be provided by absolute and relative exposure models designed to tactically adjust the portfolio allocation of equity vs. fixed income vs. cash to changing market conditions. The maximum allocation to equity in the portfolio declines according to the Glide Path as the target date approaches.0.9820
ModelxChange3D Asset Management3D/Newfound PrudentPath 205510/31/2017 12:00:00 AM19.080220.75197.292819.08027.5861-4.58107.620.911478Target Date 2050+https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14780.60000The portfolio is appropriate for an aggressive investor who seeks to maximize equity exposure with the goal of achieving long term capital growth. This Fund is appropriate for an investor with a projected retirement date on or around the year 2055. Portfolio upside potential will be provided by a strategically invested allocation of Exchange Traded Funds (ETPs) composed of primarily equities and alternative asset classes with potentially small allocations to fixed income. Downside protection will be provided by absolute and relative exposure models designed to tactically adjust the portfolio allocation of equity vs. fixed income vs. cash to changing market conditions. The maximum allocation to equity in the portfolio declines according to the Glide Path as the target date approaches.0.9820
ModelxChange7th Harvest Investments7th Harvest Income10/31/2017 12:00:00 AM1099Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL10990.20000The LTWA All Bond Allocation is a diversified asset allocation model investing in bonds through funds. It seeks to provide maximum total return consistent with the risk that conservative investors may be willing to accept. 297 characters The LTWA All Bond Allocation model seeks an efficient combination of asset classes for investors with a conservative risk/return profile, and focuses on investments that are long-term and passive in nature. Through time, as investment markets fluctuate, the model is continually rebalanced back to the target asset allocation mix in an ongoing effort to manage risk at the desired level. 0.3560
ModelxChange7th Harvest Investments7th Harvest Retirement 2025 - 203010/31/2017 12:00:00 AM7.18378.62363.67065.95067.18373.9783-0.79146.231411.768510.53063.794.410.871.281763Target Date 2026-2030https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17631.00000The 7th Harvest Retirement 2025-2030 is a diversified asset allocation fund investing U.S. and foreign stocks, bonds and cash equivalents through funds and money market accounts. It seeks to provide maximum total return consistent with the risk that a conservative investors may be willing to accept. The 7th Harvest Retirement 2025-2030 fund seeks an efficient combination of asset classes for investors with a conservative risk-return profile, and focuses on underlying investments that are long-term and passive in nature. Through time, as investment markets fluctuate, the model is strategically adjusted to optimize its target allocation and manage risk at a desired level.1.0000
ModelxChange7th Harvest Investments7th Harvest Retirement 2035 - 204010/31/2017 12:00:00 AM11.309013.82424.20136.755911.30903.5349-2.21816.499513.610910.53066.176.510.6411764Target Date 2036-2040https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17641.00000The 7th Harvest Retirement 2035-2040 is a diversified asset allocation fund investing U.S. and foreign stocks, bonds and cash equivalents through funds and money market accounts. It seeks to provide maximum total return consistent with the risk that moderate investors may be willing to accept. The allocation seeks an efficient combination of asset classes for investors with a moderate risk-return profile, and focuses on underlying investments that are long-term and passive in nature. Through time, as investment markets fluctuate, the model is strategically adjusted to optimize its target allocation and manage risk at a desired level.1.0000
ModelxChange7th Harvest Investments7th Harvest Retirement 2045 - 205010/31/2017 12:00:00 AM15.312920.34731.60056.671315.3129-8.2317-1.77948.262519.152014.761312.411.110.160.623043Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30430.20000The 7th Harvest Retirement 2045-2050 is a diversified asset allocation fund investing U.S. and foreign stocks, bonds and cash equivalents through funds and money market accounts. It seeks to provide maximum total return consistent with the risk that growth investors may be willing to accept. The 7th Harvest Retirement 2045-2050 fund seeks an efficient combination of asset classes for investors with a growth risk/return profile, and focuses on underlying investments that are long-term and passive in nature. Through time, as investment markets fluctuate, the model is strategically adjusted to optimize its target allocation and manage risk at a desired level.0.2000
ModelxChange7th Harvest InvestmentsHarvestBuilder Moderate Allocation10/31/2017 12:00:00 AM11.309013.82424.20136.755911.30903.5349-2.21816.499513.610910.53066.176.510.641908Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL9080.25000The HarvestBuilder Moderate Allocation is a diversified asset allocation fund investing U.S. and foreign stocks, bonds and cash equivalents through funds and money market accounts. It seeks to provide maximum total return consistent with the risk that moderate investors may be willing to accept. The allocation seeks an efficient combination of asset classes for investors with a moderate risk-return profile, and focuses on underlying investments that are long-term and passive in nature. Through time, as investment markets fluctuate, the model is strategically adjusted to optimize its target allocation and manage risk at a desired level.0.3520
ModelxChange7th Harvest InvestmentsHarvestBuilder Conservative Allocation10/31/2017 12:00:00 AM7.18378.62363.67065.95067.18373.9783-0.79146.231411.768510.53063.794.410.871.28909Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL9090.25000The HarvestBuilder Conservative Allocation is a diversified asset allocation fund investing U.S. and foreign stocks, bonds and cash equivalents through funds and money market accounts. It seeks to provide maximum total return consistent with the risk that a conservative investors may be willing to accept. The HarvestBuilder Conservative Allocation fund seeks an efficient combination of asset classes for investors with a conservative risk-return profile, and focuses on underlying investments that are long-term and passive in nature. Through time, as investment markets fluctuate, the model is strategically adjusted to optimize its target allocation and manage risk at a desired level.0.3472
ModelxChange7th Harvest InvestmentsHarvestBuilder Growth Allocation10/31/2017 12:00:00 AM15.312920.34731.60056.671315.3129-8.2317-1.77948.262519.152014.761312.411.110.160.62907Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL9070.25000The HarvestBuilder Growth Allocation is a diversified asset allocation fund investing U.S. and foreign stocks, bonds and cash equivalents through funds and money market accounts. It seeks to provide maximum total return consistent with the risk that growth investors may be willing to accept. The HarvestBuilder Growth Allocation fund seeks an efficient combination of asset classes for investors with a growth risk/return profile, and focuses on underlying investments that are long-term and passive in nature. Through time, as investment markets fluctuate, the model is strategically adjusted to optimize its target allocation and manage risk at a desired level.0.3125
ModelxChangeAlpha Investment Management, Inc.Alpha / The Formula10/31/2017 12:00:00 AM2.848513.04857.75579.17102.848516.77462.18775.274616.484911.794011.4710.110.680.91186Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11860.25000The Formula™ is an asset allocation strategy designed for investors seeking a long-term, systematic approach to risk management of equity capital. The primary objective of this strategy is to avoid large losses. The Formula™ seeks to accomplish this by restricting equity exposure in the stock market to well-defined time periods when the odds of positive returns are significantly higher than average (“power zone”) and avoid equity exposure during time periods when the market climate is risky and the odds of a market decline increase substantially (“dead zone”). The Formula’s™ long-term effectiveness as an investment strategy hinges on the assumption that the stock market exhibits cyclical regularities which “skew” the distribution of returns into clearly identifiable time-periods which can be exploited for profit. The Formula™ is an asset allocation strategy based on the annual forecasting cycle and the four-year presidential election cycle. The strategy determines, in advance, when to be invested in equities and when to be invested in bonds. Each year, The Formula™ holds an S&P MidCap 400 Index fund/ETF from November to the end of May and then invests in an Intermediate Treasury Index fund/ETF for the remaining months of the year. The only exception is the 15-month period that extends from the beginning of the fourth quarter of the mid-term year (year two) to the end of the pre-election year (year three) of the four-year presidential election cycle. During this period, the strategy holds an allocation of 50% S&P 500 index fund/ETF and 50% NASDAQ 100 index fund/ETF. Over the course of the four-year cycle, the model is invested 29% of the time in bonds and 71% of the time in equities.0.4000
ModelxChangeAlpha Investment Management, Inc.Alpha Bonds Strategy10/31/2017 12:00:00 AM1.0631-2.64511.17672.65111.0631-1.01921.58246.74352.04419.54433.864.250.220.58215Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL2150.25000The Alpha Bonds Strategy is an asset allocation strategy designed for investors who seek income, low volatility and an ongoing exposure to the bond market without attempting to time swings in interest rates, and without some of the price and credit risks associated with long-term and/or lower grade bonds. This strategy combines the performance of conservative bond funds with Alpha’s unique seasonal trading protocol to create a solution to the conservative investor’s dilemma: how to safely invest for income while increasing the asset base at a rate greater than inflation after taxes. The Alpha Bonds Strategy seeks to supplement the natural returns of select intermediate and short-term bonds with a limited exposure to equities in the fourth quarter of the year. Each year, from January 1 until late-October, the strategy holds a position of 70% intermediate-term bond funds/ETFs and 30% short-term bond funds/ETFs. Then in late-October, 40% of the portfolio remains in an intermediate-term bond fund/ETF while 60% of the portfolio is devoted to three “power period” trades invested in a Russell 2000 Index fund leveraged by 50%. While not invested in the three fourth quarter trades, 60% of the funds are allocated to cash/money market fund.0.15001.3540
ModelxChangeAlpha Investment Management, Inc.Alpha Mid-Cap Power Index Managed Account10/31/2017 12:00:00 AM1.598810.44957.681910.55841.598816.94832.27497.538220.168514.07608.858.550.841.19216Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL2160.25000The Alpha Mid-Cap Power Index Managed Account is an asset allocation strategy which seeks to exploit two seasonal influences on the stock market. These seasonal forces have historically “skewed” returns into certain months of the year and specific sub-periods in the final three months of the year. In general, the long-term returns of the stock market tend to be skewed into a six to seven month period beginning in late-October, which we refer to as the “power zone”. The bulk of bear markets and other market corrections tend to occur in the five to six month period from May to November, which we refer to as the “dead zone”. For long-term investors seeking to control risk, the prudent course of action is to avoid equity market exposure during the “dead zone” and sit it out in conservative bonds. The Alpha Mid-Cap Power Index Managed Account strategy represents a simple seasonal approach to investing which has a successful long-term discipline that seeks to reduce risk and enhances returns. Each year, the strategy holds a S&P MidCap 400 Index fund/ETF from late-October to the end of May and then invests in an Intermediate Treasury Index fund/ETF for the remaining months of the year. As a result, equity exposure is constrained to 60% of the available trading days each year. During the fourth quarter of each year, the strategy raises the beta of the mid-cap index fund by 50% during three “power period” trades totaling 20 days. These three sub-periods are influenced by end-of-month and holiday seasonal forces which are particularly robust in small and mid-cap stocks.0.25001.9400
ModelxChangeAlpha Investment Management, Inc.Alpha Seasonal Strategy10/31/2017 12:00:00 AM2.0229-2.9787-0.98582.48092.0229-4.2218-3.27867.13477.199413.70449.068.44-0.110.3217Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL2170.25000The Alpha Seasonal Strategy is an asset allocation strategy designed for investors seeking a long-term, systematic approach to risk management. The two main objectives of this strategy are to avoid large losses, which can cost investors years of compounding, and to achieve gains every year, which, over time, will be high enough to offset the effects of inflation and taxes, providing a meaningful real rate of return. The Alpha Seasonal Strategy seeks to have exposure to equities during very restricted time periods, when the risk of loss is low, by exploiting persistent seasonal factors which have affected risk and return in the stock market for decades. During each pre-election year of the four-year presidential election cycle, the strategy is fully invested in equities from January to the end of September (equally divided between S&P 500 and NASDAQ 100). During the post-election, mid-term and election years of the election cycle, the strategy is invested 50% in equities (S&P 500) and 50% in conservative bonds from January to April, then shifts to 100% conservative bonds until late-October. During the fourth quarter of each year, the strategy is dedicated to three predetermined sub-periods totaling 20 days using a Russell 2000 index fund leveraged by 50%. When not invested in the three sub-periods in the fourth quarter, the strategy is invested in a money market fund. 0.25001.9900
ModelxChangeAMP Wealth ManagementBalanced 60-40 Quantfolio10/31/2017 12:00:00 AM8.742711.94394.58507.45058.74275.6984-1.57335.227517.668911.80295.735.950.751.21682Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16820.50000This portfolio is for the investor who seeks moderate growth. With a 60% allocation to equities, this portfolio bears a moderate amount of risk with the potential for modest appreciation. The 40% fixed income portion may reduce the impact of the stock market volatility. There are times when this portfolio may be less than 60% invested in equities due to market conditions. This portfolio is comprised primarily of mutual fund and ETF asset classes such as large, mid, and small capitalization U.S. equity, foreign, real-estate, and fixed income. Purchase considerations are based on fundamental/quantitative analysis and qualitative evaluation. Sell criteria are based on long term evaluation of; changes in fundamentals, or significant sector/asset class changes. The proceeds may be invested in a higher ranked security or held in cash. The fund generally allocates 60 percent to equity securities but may reduce this amount based on the market cycle. 0.08500.05601.1263
ModelxChangeAMP Wealth ManagementConservative 20-80 Quantfolio10/31/2017 12:00:00 AM5.19746.46403.38624.43815.19746.5607-1.53804.51115.853211.33883.513.550.861.171684Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16840.50000This portfolio is for the investor whose seeks to protect their capital and is willing to forgo potentially higher returns in order to avoid risk. The 80% allocation to fixed income provides for preservation of assets. The small allocation to equities reduces the investment risk and provides modest capital appreciation. This portfolio is comprised primarily of mutual fund and ETF asset classes such as large, mid, and small capitalization U.S. equity, foreign, real-estate, and fixed income. Purchase considerations are based on fundamental/quantitative analysis and qualitative evaluation. Sell criteria are based on long term evaluation of; changes in fundamentals, or significant sector/asset class changes. The proceeds may be invested in a higher ranked security or held in cash. The fund generally allocates 20 percent to equity securities but may reduce this amount based on the market cycle. 0.09500.09151.0737
ModelxChangeAMP Wealth ManagementGrowth 80/20 Quantfolio10/31/2017 12:00:00 AM10.742915.40305.72169.388010.74296.4368-1.37556.271423.492213.19677.257.40.751.221680Large Blendhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16800.50000The growth portfolio is for the aggressive investor who seeks growth with some reduction in risk. With an 80% allocation to equities, this portfolio bears a moderately high level of risk with the potential for meaningful appreciation. The 20% fixed income portion helps to dampen the risk. This portfolio is comprised primarily of mutual fund and ETF asset classes such as large, mid, and small capitalization U.S. equity, foreign, real-estate, and fixed income. Purchase considerations are based on fundamental/quantitative analysis and qualitative evaluation. Sell criteria are based on long term evaluation of; changes in fundamentals, or significant sector/asset class changes. The proceeds may be invested in a higher ranked security or held in cash. The fund generally allocates 80 percent to equity securities but may reduce this amount based on the market cycle.0.08250.04001.1775
ModelxChangeAMP Wealth ManagementGrowth and Income 70-30 Quantfolio10/31/2017 12:00:00 AM9.635313.51565.09838.39989.63535.9979-1.52236.249520.171912.51966.456.580.751.221681Large Blendhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16810.50000This portfolio is for the moderately aggressive investor who seeks reasonable growth with some reduction in risk. With a 70% allocation to equities, this portfolio bears a moderately high level of risk with the potential for meaningful appreciation. The 30% fixed income portion helps to dampen the risk. There are times when this portfolio may be less than 70% invested in equities due to market conditions. This portfolio is comprised primarily of mutual fund and ETF asset classes such as large, mid, and small capitalization U.S. equity, foreign, real-estate, and fixed income. Purchase considerations are based on fundamental/quantitative analysis and qualitative evaluation. Sell criteria are based on long term evaluation of; changes in fundamentals, or significant sector/asset class changes. The proceeds may be invested in a higher ranked security or held in cash. The fund generally allocates 70 percent to equity securities but may reduce this amount based on the market cycle. 0.08500.05001.1625
ModelxChangeAMP Wealth ManagementModerately Conservative 50-50 Quantfolio10/31/2017 12:00:00 AM7.862910.94194.10756.87797.86296.6816-2.91008.130214.397410.96475.355.360.711.221683Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16830.50000This portfolio is for the investor who seeks relative investment stability with modest increase in their portfolio value. A 50% allocation to fixed income may reduce the impact of market volatility. The 50% allocation to equities provides for some modest returns and growth. There are times when this portfolio may be less than 50% invested in equities due to market conditions. This portfolio is comprised primarily of mutual fund and ETF asset classes such as large, mid, and small capitalization U.S. equity, foreign, real-estate, and fixed income. Purchase considerations are based on fundamental/quantitative analysis and qualitative evaluation. Sell criteria are based on long term evaluation of; changes in fundamentals, or significant sector/asset class changes. The proceeds may be invested in a higher ranked security or held in cash. The fund generally allocates 50 percent to equity securities but may reduce this amount based on the market cycle. 0.08500.06251.0995
ModelxChangeAMP Wealth ManagementTandem All Equity Growth10/31/2017 12:00:00 AM14.112517.06776.248310.108114.11258.5977-4.358111.196923.30083.96128.798.560.691.142668Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26680.00000The Tandem All Equity Growth Model is an allocation to the Rising Dividend Strategy with a target allocation of 100% Rising Dividend Strategy. In times of economic recessions, it is possible for the portfolios to deviate from the standard allocation process, reduce overall market exposure and move to more defensive allocations in an attempt to limit the negative effects of the exposure to down markets. The Rising Dividend strategy is a managed portfolio constructed of 30-35 individual securities, equally weighted to provide a better diversification with less exposure to sector volatility. Dividend investing is not a subset of traditional investment styles, it is a strategic style unto itself as dividend companies typically have significant economic moats and market domination with the value of the stocks relating to positive corporate dividend policies and payout reliability. Our security selection focuses on fundamentals with security specific emphasis on long term track records of increasing, earnings and dividends. 1.0400
ModelxChangeAMP Wealth ManagementTandem Balanced10/31/2017 12:00:00 AM10.413811.40505.06097.249710.41388.1227-3.327511.414110.57026.21635.375.350.881.292669Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26690.00000The Tandem Balanced Model is a blend of the Rising Dividend Strategy and the Income Generating Strategy with a target allocation of 60% Rising Dividend Strategy and 40% Income Generating Strategy. In times of economic recessions, it is possible for the portfolios to deviate from the standard allocation process, reduce overall market exposure and move to more defensive allocations in an attempt to limit the negative effects of the exposure to down markets. The Rising Dividend strategy is a managed portfolio constructed of 30-35 individual securities, equally weighted to provide a better diversification with less exposure to sector volatility. Dividend investing is not a subset of traditional investment styles, it is a strategic style unto itself as dividend companies typically have significant economic moats and market domination with the value of the stocks relating to positive corporate dividend policies and payout reliability. Our security selection focuses on fundamentals with security specific emphasis on long term track records of increasing, earnings and dividends. The Income Generating strategy is designed to produce income and is invested in a diverse selection of bonds complemented with trust preferred securities, income mutual funds, and a few dividend equities to achieve the desired investment goal. 1.0400
ModelxChangeAMP Wealth ManagementTandem Conservative10/31/2017 12:00:00 AM3.85922.95062.62664.34373.85927.0445-2.784311.46472.72217.64512672Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26720.00000The Tandem Conservative Model is an allocation to the Income Generating Strategy with a target allocation of 100% Income Generating Strategy. In times of economic recessions, it is possible for the portfolios to deviate from the standard allocation process, reduce overall market exposure and move to more defensive allocations in an attempt to limit the negative effects of the exposure to down markets. The Income Generating strategy is designed to produce income and is invested in a diverse selection of bonds complemented with trust preferred securities, income mutual funds, and a few dividend equities to achieve the desired investment goal. 1.0400
ModelxChangeAMP Wealth ManagementTandem Growth10/31/2017 12:00:00 AM12.031014.15085.55898.973912.03108.3105-3.986111.288518.92514.72757.57.370.711.172666Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26660.00000The Tandem Growth Model is a blend of the Rising Dividend Strategy and the Income Generating Strategy with a target allocation of 80% Rising Dividend Strategy and 20% Income Generating Strategy. In times of economic recessions, it is possible for the portfolios to deviate from the standard allocation process, reduce overall market exposure and move to more defensive allocations in an attempt to limit the negative effects of the exposure to down markets. The Rising Dividend strategy is a managed portfolio constructed of 30-35 individual securities, equally weighted to provide a better diversification with less exposure to sector volatility. Dividend investing is not a subset of traditional investment styles, it is a strategic style unto itself as dividend companies typically have significant economic moats and market domination with the value of the stocks relating to positive corporate dividend policies and payout reliability. Our security selection focuses on fundamentals with security specific emphasis on long term track records of increasing, earnings and dividends. The Income Generating strategy is designed to produce income and is invested in a diverse selection of bonds complemented with trust preferred securities, income mutual funds, and a few dividend equities to achieve the desired investment goal. 1.0400
ModelxChangeAMP Wealth ManagementTandem Growth & Income10/31/2017 12:00:00 AM7.73569.07634.24167.10027.73568.2793-3.481411.389812.61045.84972667Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26670.00000The Tandem Growth Model is a blend of the Rising Dividend Strategy and the Income Generating Strategy with a target allocation of 70% Rising Dividend Strategy and 30% Income Generating Strategy. In times of economic recessions, it is possible for the portfolios to deviate from the standard allocation process, reduce overall market exposure and move to more defensive allocations in an attempt to limit the negative effects of the exposure to down markets. The Rising Dividend strategy is a managed portfolio constructed of 30-35 individual securities, equally weighted to provide a better diversification with less exposure to sector volatility. Dividend investing is not a subset of traditional investment styles, it is a strategic style unto itself as dividend companies typically have significant economic moats and market domination with the value of the stocks relating to positive corporate dividend policies and payout reliability. Our security selection focuses on fundamentals with security specific emphasis on long term track records of increasing, earnings and dividends. The Income Generating strategy is designed to produce income and is invested in a diverse selection of bonds complemented with trust preferred securities, income mutual funds, and a few dividend equities to achieve the desired investment goal. 1.0400
ModelxChangeAMP Wealth ManagementTandem Moderate10/31/2017 12:00:00 AM8.31198.90934.35066.45958.31197.9632-3.180811.43378.56176.57924.764.850.841.272670Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26700.00000The Tandem Moderate Model is a blend of the Rising Dividend Strategy and the Income Generating Strategy with a target allocation of 50% Rising Dividend Strategy and 50% Income Generating Strategy. In times of economic recessions, it is possible for the portfolios to deviate from the standard allocation process, reduce overall market exposure and move to more defensive allocations in an attempt to limit the negative effects of the exposure to down markets. The Rising Dividend strategy is a managed portfolio constructed of 30-35 individual securities, equally weighted to provide a better diversification with less exposure to sector volatility. Dividend investing is not a subset of traditional investment styles, it is a strategic style unto itself as dividend companies typically have significant economic moats and market domination with the value of the stocks relating to positive corporate dividend policies and payout reliability. Our security selection focuses on fundamentals with security specific emphasis on long term track records of increasing, earnings and dividends. The Income Generating strategy is designed to produce income and is invested in a diverse selection of bonds complemented with trust preferred securities, income mutual funds, and a few dividend equities to achieve the desired investment goal. 1.0400
ModelxChangeAMP Wealth ManagementTandem Moderately Conservative10/31/2017 12:00:00 AM4.57704.38192.96025.25374.57707.3785-3.041411.44876.58446.93832671Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26710.00000The Tandem Moderately Conservative Model is a blend of the Rising Dividend Strategy and the Income Generating Strategy with a target allocation of 20% Rising Dividend Strategy and 80% Income Generating Strategy. In times of economic recessions, it is possible for the portfolios to deviate from the standard allocation process, reduce overall market exposure and move to more defensive allocations in an attempt to limit the negative effects of the exposure to down markets. The Rising Dividend strategy is a managed portfolio constructed of 30-35 individual securities, equally weighted to provide a better diversification with less exposure to sector volatility. Dividend investing is not a subset of traditional investment styles, it is a strategic style unto itself as dividend companies typically have significant economic moats and market domination with the value of the stocks relating to positive corporate dividend policies and payout reliability. Our security selection focuses on fundamentals with security specific emphasis on long term track records of increasing, earnings and dividends. The Income Generating strategy is designed to produce income and is invested in a diverse selection of bonds complemented with trust preferred securities, income mutual funds, and a few dividend equities to achieve the desired investment goal. 1.0400
ModelxChangeAppleton Group, LLCAggregate Bond Model3017Intermediate-Term Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30170.35000Total Return The Model’s goal is to track as closely as possible, before fees and expenses, the total return of the Bloomberg Barclays U.S. Aggregate Bond Index.0.3900
ModelxChangeAppleton Group, LLCAppleton Group Age-Based 18-2910/31/2017 12:00:00 AM14.699120.48287.943611.344114.69919.4243-1.42417.354826.298414.68788.28.270.931.322502Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25020.35000Age-Based Asset Allocation Appleton Group’s Age-Based portfolios are built to help our clients balance potential risks and rewards over a lifetime of investing. Each uses a specific combination of risk-accepting, risk-managed and risk-free strategies, depending on the investor’s targeted age. 0.4039
ModelxChangeAppleton Group, LLCAppleton Group Age-Based 30-3910/31/2017 12:00:00 AM14.889021.68918.797012.590514.889011.5732-1.26208.345128.823115.59628.898.850.951.362503Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25030.35000Age-Based Asset Allocation Appleton Group’s Age-Based portfolios are built to help our clients balance potential risks and rewards over a lifetime of investing. Each uses a specific combination of risk-accepting, risk-managed and risk-free strategies, depending on the investor’s targeted age. 0.4153
ModelxChangeAppleton Group, LLCAppleton Group Age-Based 40-4910/31/2017 12:00:00 AM14.913220.46048.085511.699614.91329.9042-1.73628.440126.528915.18458.398.380.931.342504Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25040.35000Age-Based Asset Allocation Appleton Group’s Age-Based portfolios are built to help our clients balance potential risks and rewards over a lifetime of investing. Each uses a specific combination of risk-accepting, risk-managed and risk-free strategies, depending on the investor’s targeted age. 0.4128
ModelxChangeAppleton Group, LLCAppleton Group Age-Based 50-5910/31/2017 12:00:00 AM12.036115.21696.23488.876712.03617.1226-1.45246.876519.281212.59796.226.430.941.322505Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25050.35000Age-Based Asset Allocation Appleton Group’s Age-Based portfolios are built to help our clients balance potential risks and rewards over a lifetime of investing. Each uses a specific combination of risk-accepting, risk-managed and risk-free strategies, depending on the investor’s targeted age. 0.4101
ModelxChangeAppleton Group, LLCAppleton Group Age-Based 60+10/31/2017 12:00:00 AM11.379413.02215.36487.246511.37944.9974-1.11575.914214.781910.84045.015.310.991.32506Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25060.35000Age-Based Asset Allocation Appleton Group’s Age-Based portfolios are built to help our clients balance potential risks and rewards over a lifetime of investing. Each uses a specific combination of risk-accepting, risk-managed and risk-free strategies, depending on the investor’s targeted age. 0.4038
ModelxChangeAppleton Group, LLCAppleton Group Portfolio10/31/2017 12:00:00 AM13.372116.07935.66317.044213.37214.1346-1.25795.177113.979812.75615.846.240.911.09138Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1380.35000Risk Managed Growth The Appleton Group Portfolio employs an ETF trend-following discipline designed to systematically adjust the portfolio as market conditions change. This strategy seeks to invest exclusively in ETFs whose current price trend is rising, while eliminating exposure to ETFs whose current price trend is falling.0.4121
ModelxChangeAppleton Group, LLCAppleton Group-Conservative10/31/2017 12:00:00 AM11.815413.37235.14345.857811.81543.9392-0.84514.32439.857011.78784.785.2511.07139Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1390.35000Risk Managed, Conservative Growth & Income The Appleton Group Portfolio - Conservative employs an ETF trend-following discipline designed to systematically adjust the portfolio as market conditions change. This strategy seeks to invest exclusively in ETFs whose current price trend is rising, while eliminating exposure to ETFs whose current price trend is falling. 0.4723
ModelxChangeAppleton Group, LLCAppleton Group-Managed Income10/31/2017 12:00:00 AM7.60916.85354.80543.97837.60917.8040-0.28385.1817-0.60612.953.451.481.08827Multisector Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL8270.35000Risk Managed, Current Income The Appleton Group Managed Income Portfolio invests mainly in a variety of fixed income and dividend paying exchange traded funds (ETFs). It employs an ETF trend-following discipline designed to systematically adjust the portfolio as market conditions change. This strategy seeks to invest exclusively in ETFs whose current price trend is rising, while eliminating exposure to ETFs whose current price trend is falling. 0.6845
ModelxChangeAppleton Group, LLCAppleton Group-Moderate10/31/2017 12:00:00 AM12.965915.10515.85256.577312.96595.3572-1.27604.630311.136912.70585.45.831.011.08140Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1400.35000Risk Managed, Moderate Growth & Income The Appleton Group Portfolio - Moderate employs an ETF trend-following discipline designed to systematically adjust the portfolio as market conditions change. This strategy seeks to invest exclusively in ETFs whose current price trend is rising, while eliminating exposure to ETFs whose current price trend is falling. 0.4757
ModelxChangeAppleton Group, LLCEmerging Markets Model3016Diversified Emerging Mktshttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30160.35000Total Return The Fund’s goal is to track as closely as possible, before fees and expenses, the total return of the FTSE Emerging Index.0.4800
ModelxChangeAppleton Group, LLCInternational Model3015Foreign Large Blendhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30150.35000Total Return The Model’s goal is to track as closely as possible, before fees and expenses, the total return of the FTSE Developed ex US Index.0.4100
ModelxChangeAppleton Group, LLCLarge Cap Blend Model3010Large Blendhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30100.35000Total Return The Model’s goal is to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index.0.3800
ModelxChangeAppleton Group, LLCLarge Cap Growth Model3011Large Growthhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30110.35000Total Return The Model’s goal is to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index.0.3900
ModelxChangeAppleton Group, LLCLarge Cap Value Model3012Large Valuehttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30120.35000Total Return The Model’s goal is to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Value Total Stock Market Index.0.3900
ModelxChangeAppleton Group, LLCMid Cap Blend Model3013Mid-Cap Blendhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30130.35000Total Return The Model’s goal is to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Mid-Cap Total Stock Market Index.0.4000
ModelxChangeAppleton Group, LLCSmall Cap Blend Model3014Small Blendhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30140.35000Total Return The Model’s goal is to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index0.4000
ModelxChangeAssetMarkAssetMark / Eaton Vance Absolute Return10/31/2017 12:00:00 AM2.66012.59472.19541.41422.66013.51420.55451.6394-1.30412.8289428Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4280.45000The profile is designed for an investor who wants to focus on preservation of capital as a primary goal and wishes to avoid downside risk. The strategy seeks to provide modest positive returns over time regardless of market direction with volatility being managed to a 2-5% range. The strategy leverages forward looking estimates developed from both quantitative and fundamental research into scenario analysis to create an unconstrained yet risk controlled asset allocation. The risk emphasized framework creates the base from which optimized portfolios look to diversify exposures across both beta and alpha sources while seeking to limit downside participation.0.25510.23091.5928
ModelxChangeAssetMarkAssetMark / Eaton Vance Growth10/31/2017 12:00:00 AM9.292110.16914.67685.35769.29216.3369-1.01743.04938.09458.10565.534.980.791.02427Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4270.45000The profile is designed for an investor who seeks significant capital appreciation and is tolerant of the risk of downside loss and volatility of returns. The strategy leverages forward looking estimates developed from both quantitative and fundamental research into scenario analysis to create an unconstrained yet risk controlled asset allocation. The risk emphasized framework creates the base from which optimized portfolios look to diversify exposures across both beta and alpha sources while seeking to limit downside participation.0.25210.24361.6681
ModelxChangeAssetMarkAssetMark / Eaton Vance Moderate10/31/2017 12:00:00 AM4.79854.73443.07672.58414.79854.7644-0.06722.49340.57934.75252.992.590.90.9425Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4250.45000The profile is designed for an investor who seeks to balance downside risks to capital and capital appreciation. The strategy leverages forward looking estimates developed from both quantitative and fundamental research into scenario analysis to create an unconstrained yet risk controlled asset allocation. The risk emphasized framework creates the base from which optimized portfolios look to diversify exposures across both beta and alpha sources while seeking to limit downside participation.0.25510.24361.6595
ModelxChangeAssetMarkAssetMark / Eaton Vance Moderate Conservative10/31/2017 12:00:00 AM3.35813.05532.57341.88463.35814.24430.31301.5861-0.24473.73222.261.960.970.84424Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4240.45000The profile is designed for an investor who seeks to preserve capital but wishes to earn a return sufficient to preserve purchasing power. The strategy leverages forward looking estimates developed from both quantitative and fundamental research into scenario analysis to create an unconstrained yet risk controlled asset allocation. The risk emphasized framework creates the base from which optimized portfolios look to diversify exposures across both beta and alpha sources while seeking to limit downside participation.0.25430.23731.6205
ModelxChangeAssetMarkAssetMark / Eaton Vance Moderate Growth10/31/2017 12:00:00 AM6.85277.17154.00443.92206.85275.6513-0.25712.63333.98886.23174.153.630.881.01426Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4260.45000The profile is designed for an investor who seeks enhanced capital appreciation but is willing to accept greater risk of downside loss and volatility of returns. The strategy leverages forward looking estimates developed from both quantitative and fundamental research into scenario analysis to create an unconstrained yet risk controlled asset allocation. The risk emphasized framework creates the base from which optimized portfolios look to diversify exposures across both beta and alpha sources while seeking to limit downside participation.0.25540.24361.6748
ModelxChangeAssetMarkAssetMark / GPS Accumulation Neutral Conservative10/31/2017 12:00:00 AM13.49188.62283.15032.884913.49180.1350-3.60853.45012.20664.61075.534.720.520.57450Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4500.00000The profile is designed for an investor who wants to focus on preservation of capital as a primary goal and wishes to avoid downside risk. The strategy seeks to provide diversified exposure across varying asset allocation approaches in an effort to balance the impact of volatility and return. The strategy maintains a balanced exposure across four asset allocation approaches with a moderate exposure to alternative investments. Strategic and Tactical Constrained asset allocation approaches aim to provide consistent participation in the capital markets. Tactical Unconstrained and Absolute Return asset allocation approaches are designed to lessen the impact of market volatility on portfolios. Similarly, alternative investments provide additional diversification opportunities, with the goal of further moderating exposure to the downside of difficult markets. The underlying vehicles are managed by AssetMark, leveraging research from the portfolio strategists within the four asset allocation approaches and alternatives, and seek to achieve exposure to the collective asset allocation decisions of the portfolio strategists.1.0628
ModelxChangeAssetMarkAssetMark / GPS Accumulation Neutral Growth10/31/2017 12:00:00 AM20.493519.58445.24486.704420.49353.7100-6.59692.767614.36859.23337.827.250.650.9454Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4540.00000The profile is designed for an investor who seeks significant capital appreciation and is tolerant of the risk of downside loss and volatility of returns. The strategy seeks to provide diversified exposure across varying asset allocation approaches in an effort to balance the impact of volatility and return. The strategy maintains a balanced exposure across four asset allocation approaches with a moderate exposure to alternative investments. Strategic and Tactical Constrained asset allocation approaches aim to provide consistent participation in the capital markets. Tactical Unconstrained and Absolute Return asset allocation approaches are designed to lessen the impact of market volatility on portfolios. Similarly, alternative investments provide additional diversification opportunities, with the goal of further moderating exposure to the downside of difficult markets. The underlying vehicles are managed by AssetMark, leveraging research from the portfolio strategists within the four asset allocation approaches and alternatives, and seek to achieve exposure to the collective asset allocation decisions of the portfolio strategists.0.7688
ModelxChangeAssetMarkAssetMark / GPS Accumulation Neutral Moderate10/31/2017 12:00:00 AM18.924316.88594.66995.147218.92432.1595-5.66083.19148.45677.07696.525.840.680.85452Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4520.00000The profile is designed for an investor who seeks to balance downside risks to capital and capital appreciation. The strategy seeks to provide diversified exposure across varying asset allocation approaches in an effort to balance the impact of volatility and return. The strategy maintains a balanced exposure across four asset allocation approaches with a moderate exposure to alternative investments. Strategic and Tactical Constrained asset allocation approaches aim to provide consistent participation in the capital markets. Tactical Unconstrained and Absolute Return asset allocation approaches are designed to lessen the impact of market volatility on portfolios. Similarly, alternative investments provide additional diversification opportunities, with the goal of further moderating exposure to the downside of difficult markets. The underlying vehicles are managed by AssetMark, leveraging research from the portfolio strategists within the four asset allocation approaches and alternatives, and seek to achieve exposure to the collective asset allocation decisions of the portfolio strategists.0.8193
ModelxChangeAssetMarkAssetMark / GPS Accumulation Neutral Moderate Conservative10/31/2017 12:00:00 AM14.882912.03843.65623.767414.88291.3608-4.49593.37524.87225.57535.374.770.630.75451Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4510.00000The profile is designed for an investor who seeks to preserve capital but wishes to earn a return sufficient to preserve purchasing power. The strategy seeks to provide diversified exposure across varying asset allocation approaches in an effort to balance the impact of volatility and return. The strategy maintains a balanced exposure across four asset allocation approaches with a moderate exposure to alternative investments. Strategic and Tactical Constrained asset allocation approaches aim to provide consistent participation in the capital markets. Tactical Unconstrained and Absolute Return asset allocation approaches are designed to lessen the impact of market volatility on portfolios. Similarly, alternative investments provide additional diversification opportunities, with the goal of further moderating exposure to the downside of difficult markets. The underlying vehicles are managed by AssetMark, leveraging research from the portfolio strategists within the four asset allocation approaches and alternatives, and seek to achieve exposure to the collective asset allocation decisions of the portfolio strategists.0.9142
ModelxChangeAssetMarkAssetMark / GPS Accumulation Neutral Moderate Growth10/31/2017 12:00:00 AM18.992418.21175.11335.886018.99243.7315-5.86133.036110.71637.806176.380.690.89453Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4530.00000The profile is designed for an investor who seeks enhanced capital appreciation but is willing to accept greater risk of downside loss and volatility of returns. The strategy seeks to provide diversified exposure across varying asset allocation approaches in an effort to balance the impact of volatility and return. The strategy maintains a balanced exposure across four asset allocation approaches with a moderate exposure to alternative investments. Strategic and Tactical Constrained asset allocation approaches aim to provide consistent participation in the capital markets. Tactical Unconstrained and Absolute Return asset allocation approaches are designed to lessen the impact of market volatility on portfolios. Similarly, alternative investments provide additional diversification opportunities, with the goal of further moderating exposure to the downside of difficult markets. The underlying vehicles are managed by AssetMark, leveraging research from the portfolio strategists within the four asset allocation approaches and alternatives, and seek to achieve exposure to the collective asset allocation decisions of the portfolio strategists.0.7949
ModelxChangeAssetMarkAssetMark / GPS Focused Absolute Return10/31/2017 12:00:00 AM6.82174.86203.06942.43336.82176.9931-3.76682.7324-0.58494.19743.733.390.730.651431Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14310.00000The profile is designed for an investor who seeks to balance downside risks to capital and capital appreciation. The strategy seeks to provide a low volatility experience through an Absolute Return asset allocation in an effort to take advantage of shorter-term opportunities to achieve consistent absolute positive returns over time regardless of the market environment. It is important to understand that an absolute return strategy seeks to minimize losses while secondarily striving to maximize total return, and the strategy is likely to underperform during strong market rallies. The combination of viewpoints from different research providers allows GPS strategies to diversify the specific risk associated with a single portfolio strategist’s viewpoint.1.1637
ModelxChangeAssetMarkAssetMark / JP Morgan Absolute Return Conservative10/31/2017 12:00:00 AM4.02124.65151.98023.14714.02123.7297-1.76962.33086.40936.11422.542.670.641.08420Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4200.45000The profile is designed for an investor who wants to focus on preservation of capital as a primary goal and wishes to minimize downside risk. The strategy seeks to provide modest positive returns over time regardless of market direction with volatility being managed to a 2-5% range. The strategic baseline starts with a strategic allocation that includes 30%-40% exposure to core strategies and 60%-70% exposure to opportunistic strategies. The core allocation provides the potential to outperform cash over the longer-term with very little market exposure, while the opportunistic exposures are added to potentially enhance returns. Quantitative models are combined with qualitative insights in implementing the tactical moves.0.25000.24391.6904
ModelxChangeAssetMarkAssetMark / JP Morgan Conservative10/31/2017 12:00:00 AM7.22606.39483.60254.42297.22604.6072-0.98614.70225.390710.20663.053.361.051.23417Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4170.45000The profile is designed for an investor who wants to focus on preservation of capital as a primary goal and wishes to minimize downside risk. The strategy emphasizes the benefits of diversification across asset classes, as well as, strategies within each asset class in seeking to provide high risk-adjusted returns. Strategic asset allocation is determined using a 10-15 year outlook, while tactical risk controlled shifts are conducted based upon a 3-12 month outlook. The long-term capital market assumptions used in developing the strategic policy are reviewed by senior heads across the firm on an annual basis. Quantitative models are combined with qualitative insights in implementing the shorter term views.0.25000.24181.3677
ModelxChangeAssetMarkAssetMark / JP Morgan Growth10/31/2017 12:00:00 AM19.365323.12166.665510.717419.36536.5264-5.19107.142824.570018.06288.888.890.731.17419Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4190.45000The profile is designed for an investor who seeks significant capital appreciation and is willing to accept a correspondingly greater risk of loss and volatility of returns. The strategy emphasizes the benefits of diversification across asset classes, as well as, strategies within each asset class in seeking to provide high risk-adjusted returns. Strategic asset allocation is determined using a 10-15 year outlook, while tactical risk controlled shifts are conducted based upon a 3-12 month outlook. The long-term capital market assumptions used in developing the strategic policy are reviewed by senior heads across the firm on an annual basis. Quantitative models are combined with qualitative insights in implementing the shorter term views.0.25000.23371.5841
ModelxChangeAssetMarkAssetMark / JP Morgan Moderate10/31/2017 12:00:00 AM13.879115.90016.31088.712713.87915.6262-0.57214.996117.795315.48746.576.710.911.25418Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4180.45000The profile is designed for an investor who seeks to balance risk of loss to capital with capital appreciation. The strategy emphasizes the benefits of diversification across asset classes, as well as, strategies within each asset class in seeking to provide high risk-adjusted returns. Strategic asset allocation is determined using a 10-15 year outlook, while tactical risk controlled shifts are conducted based upon a 3-12 month outlook. The long-term capital market assumptions used in developing the strategic policy are reviewed by senior heads across the firm on an annual basis. Quantitative models are combined with qualitative insights in implementing the shorter term views.0.25000.23211.5186
ModelxChangeAssetMarkAssetMark / Litman Gregory Moderate (Third-Party Mutual Funds)1430Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14300.45000The profile is designed for an investor who seeks to balance downside risks to capital and capital appreciation. The strategy leverages forward looking estimates developed from both quantitative and fundamental research into scenario analysis to create an unconstrained yet risk controlled asset allocation. The risk emphasized framework creates the base from which optimized portfolios look to diversify exposures across both beta and alpha sources while seeking to limit downside participation. 0.22220.11041.5581
ModelxChangeAssetMarkAssetMark / New Frontier Conservative10/31/2017 12:00:00 AM5.56204.70013.24373.70885.56204.2768-0.41186.05272.09866.11952.953.30.971.05401Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4010.45000The profile is designed for an investor who wants to focus on preservation of capital as a primary goal and wishes to minimize downside risk. Focused entirely on strategic asset allocation, the strategy uses patented quantitative methodologies that take a global view of valuation and statistical estimation to create global diversified, risk-targeted portfolios implemented with ETFs. The strategic asset allocation process consists of four stages for risk-return estimation, portfolio construction, investment vehicle research, and portfolio rebalancing and monitoring. 0.6281
ModelxChangeAssetMarkAssetMark / New Frontier Growth10/31/2017 12:00:00 AM18.673621.64627.881110.578918.67368.3170-1.97935.602619.146816.76589.158.920.831.15416Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4160.45000The profile is designed for an investor who seeks significant capital appreciation and is willing to accept a correspondingly greater risk of loss and volatility of returns. Focused entirely on strategic asset allocation, the strategy uses patented quantitative methodologies that take a global view of valuation and statistical estimation to create global diversified, risk-targeted portfolios implemented with ETFs. The strategic asset allocation process consists of four stages for risk-return estimation, portfolio construction, investment vehicle research, and portfolio rebalancing and monitoring. 0.5927
ModelxChangeAssetMarkAssetMark / New Frontier Moderate415Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4150.45000The profile is designed for an investor who seeks to balance risk of loss to capital with capital appreciation. Focused entirely on strategic asset allocation, the strategy uses patented quantitative methodologies that take a global view of valuation and statistical estimation to create global diversified, risk-targeted portfolios implemented with ETFs. The strategic asset allocation process consists of four stages for risk-return estimation, portfolio construction, investment vehicle research, and portfolio rebalancing and monitoring. 0.6243
ModelxChangeAssetMarkAssetMark / State Street Global Advisors Conservative10/31/2017 12:00:00 AM6.33705.13522.93963.57026.33702.6057-0.78046.98582.19858.02043.593.840.720.87421Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4210.45000The profile is designed for an investor who wants to focus on preservation of capital as a primary goal and wishes to avoid downside risk. The strategy uses a combination of strategic and tactical asset allocation approaches in seeking to optimize risk adjusted returns. Strategic asset allocation decisions are based upon a mix of both fundamentally based and quantitatively driven 30-year forecasts. Quantitative models focused on macroeconomic, fundamental, momentum and sentiment indicators looking out 1-year along with consideration of market regimes help to drive the tactical asset allocation decisions. 0.5533
ModelxChangeAssetMarkAssetMark / State Street Global Advisors Growth10/31/2017 12:00:00 AM15.738319.11516.816610.205215.73836.4682-0.97166.125121.474916.18378.938.770.741.13423Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4230.45000The profile is designed for an investor who seeks significant capital appreciation and is tolerant of the risk of downside loss and volatility of returns. The strategy uses a combination of strategic and tactical asset allocation approaches in seeking to optimize risk adjusted returns. Strategic asset allocation decisions are based upon a mix of both fundamentally based and quantitatively driven 30-year forecasts. Quantitative models focused on macroeconomic, fundamental, momentum and sentiment indicators looking out 1-year along with consideration of market regimes help to drive the tactical asset allocation decisions.0.5858
ModelxChangeAssetMarkAssetMark / State Street Global Advisors Moderate10/31/2017 12:00:00 AM12.116013.87423.86526.627412.11603.4938-3.81966.917413.022912.86266.226.320.581.01422Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4220.45000The profile is designed for an investor who seeks to balance downside risks to capital and capital appreciation. The strategy uses a combination of strategic and tactical asset allocation approaches in seeking to optimize risk adjusted returns. Strategic asset allocation decisions are based upon a mix of both fundamentally based and quantitatively driven 30-year forecasts. Quantitative models focused on macroeconomic, fundamental, momentum and sentiment indicators looking out 1-year along with consideration of market regimes help to drive the tactical asset allocation decisions.0.5713
ModelxChangeAurum Wealth Management GroupAggressive Balanced10/31/2017 12:00:00 AM13.602115.32105.17126.894413.60216.8749-1.76560.300413.967810.96466.556.270.751.06608Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL6080.00000Seeks to provide primarily long-term growth of capital. The portfolio features mainly equity investments with smaller allocations to fixed income and alternative strategies. Multiple asset classes seek lower volatility, but investors will experience significant principal fluctuations with the high allocation to equities. Strategic Asset Allocation: 50% Stocks, 30% Alternatives, 17% Bonds, 3% Cash. The Strategic Asset Allocation serves as the long-term target for each asset class. At times, Aurum Wealth Management Group LLC may perceive short or medium-term opportunities and become tactically underweight or overweight certain asset classes, which will cause variance from the Strategic Asset Allocation. The Tactical Asset Allocation reflects those views and indicates the actual allocation to each asset class and fund. This portfolio is suitable for investors who have at least 15 years until retirement and are looking to maximize long-term growth. The target default age bracket for the Aurum Aggressive Balanced Framework is investors age 40 to 49. By defaulting into one of the Aurum Asset Allocation Frameworks, your portfolio will remain in that framework until either you make a change in your investment allocation or you reach one the various age brackets at 40, 50, 60, or 70 years of age, respectively. In the year you turn age 40, you will move from the Aggressive Growth Framework to the Aggressive Balanced Framework. In the year you turn age 50, you will move from the Aggressive Balanced Framework to the Moderate Balanced Framework. In the year you turn age 60, you will move the Moderate Balanced Framework to the Conservative Balanced Framework. In the year you turn age 70, you will move from the Conservative Balanced Framework to the Conservative Income Framework. The change to the new Framework will occur on the first trading day of the year you reach age 40, 50, 60, or 70, respectively. 0.04040.6148
ModelxChangeAurum Wealth Management GroupAggressive Growth10/31/2017 12:00:00 AM16.916319.17716.20058.915816.91638.0349-2.29031.031219.121612.59578.467.980.711.08609Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL6090.00000Seeks to maximize long-term capital appreciation. The portfolio invests mainly in U.S. and International equities with small allocations to fixed income and alternative strategies. Due to high equity exposure, investors should expect similar volatility to broad global equity markets subject to significant principal fluctuations. Strategic Asset Allocation: 70% Stocks, 19% Alternatives, 10% Bonds, 1% Cash. The Strategic Asset Allocation serves as the long-term target for each asset class. At times, Aurum Wealth Management Group LLC may perceive short or medium-term opportunities and become tactically underweight or overweight certain asset classes, which will cause variance from the Strategic Asset Allocation. The Tactical Asset Allocation reflects those views and indicates the actual allocation to each asset class and fund. This portfolio is suitable for investors who have at least 25 years until retirement and are looking to maximize long-term growth. The target default age bracket for the Aurum Aggressive Growth Framework is investors age 18 to 39. By defaulting into one of the Aurum Asset Allocation Frameworks, your portfolio will remain in that framework until either you make a change in your investment allocation or you reach one the various age brackets at 40, 50, 60, or 70 years of age, respectively. In the year you turn age 40, you will move from the Aggressive Growth Framework to the Aggressive Balanced Framework. In the year you turn age 50, you will move from the Aggressive Balanced Framework to the Moderate Balanced Framework. In the year you turn age 60, you will move the Moderate Balanced Framework to the Conservative Balanced Framework. In the year you turn age 70, you will move from the Conservative Balanced Framework to the Conservative Income Framework. The change to the new Framework will occur on the first trading day of the year you reach age 40, 50, 60, or 70, respectively. 0.04140.5812
ModelxChangeAurum Wealth Management GroupConservative Balanced10/31/2017 12:00:00 AM8.68639.28743.87984.44828.68635.3296-0.87201.82736.14278.18833.613.560.971.17606Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL6060.00000Seeks to provide primarily income with some price appreciation. The portfolio features fixed income investments with a smaller allocation to equity and alternative strategies. Because the portfolio has exposure to equity and alternative strategies, investors should expect a moderate level of principal volatility. Strategic Asset Allocation: 45% Bonds, 30% Alternatives, 20% Stocks, 5% Cash. The Strategic Asset Allocation serves as the long-term target for each asset class. At times, Aurum Wealth Management Group LLC may perceive short or medium-term opportunities and become tactically underweight or overweight certain asset classes, which will cause variance from the Strategic Asset Allocation. The Tactical Asset Allocation reflects those views and indicates the actual allocation to each asset class and fund. This portfolio is suitable for investors within five years of retirement focused on principal preservation while achieving modest growth. The target default age bracket for the Aurum Conservative Balanced Framework is investors age 60 to 69. By defaulting into one of the Aurum Asset Allocation Frameworks, your portfolio will remain in that framework until either you make a change in your investment allocation or you reach one the various age brackets at 40, 50, 60, or 70 years of age, respectively. In the year you turn age 40, you will move from the Aggressive Growth Framework to the Aggressive Balanced Framework. In the year you turn age 50, you will move from the Aggressive Balanced Framework to the Moderate Balanced Framework. In the year you turn age 60, you will move the Moderate Balanced Framework to the Conservative Balanced Framework. In the year you turn age 70, you will move from the Conservative Balanced Framework to the Conservative Income Framework. The change to the new Framework will occur on the first trading day of the year you reach age 40, 50, 60, or 70, respectively. 0.04140.6379
ModelxChangeAurum Wealth Management GroupConservative Income10/31/2017 12:00:00 AM4.89995.01052.90372.82794.89994.34040.18801.93922.11136.68381.882.251.331.14604Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL6040.00000Seeks to provide primarily income for retirement. The portfolio features mainly fixed income investments with an allocation to alternative strategies that help offset some of the interest rate and inflation risk associated with fixed income investing. While the portfolio focuses on low volatility, it is still subject to loss of principal. Strategic Asset Allocation: 65% Bonds, 25% Alternatives, 10% Cash. The Strategic Asset Allocation serves as the long-term target for each asset class. At times, Aurum Wealth Management Group LLC may perceive short or medium-term opportunities and become tactically underweight or overweight certain asset classes, which will cause variance from the Strategic Asset Allocation. The Tactical Asset Allocation reflects those views and indicates the actual allocation to each asset class and fund. This portfolio is suitable for investors who are either retired or near retirement that are concerned with principal preservation. The target default age bracket for the Aurum Conservative Income Framework is investors age 70+. 0.04120.6251
ModelxChangeAurum Wealth Management GroupModerate Balanced10/31/2017 12:00:00 AM11.028712.14494.47685.543111.02876.0942-1.30491.39579.07969.77345.044.830.821.09607Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL6070.00000Seeks to provide long-term growth of capital. The portfolio typically balances equity, fixed income, and alternative strategies to provide long-term price appreciation. While the portfolio focuses on reducing volatility, it will experience significant principal fluctuations. Strategic Asset Allocation: 35% Stock, 30% Bonds, 30% Alternatives, 5% Cash. The Strategic Asset Allocation serves as the long-term target for each asset class. At times, Aurum Wealth Management Group LLC may perceive short or medium-term opportunities and become tactically underweight or overweight certain asset classes, which will cause variance from the Strategic Asset Allocation. The Tactical Asset Allocation reflects those views and indicates the actual allocation to each asset class and fund. This portfolio is suitable for investors with more than five years until retirement and are looking for long-term growth while focusing on reducing the volatility experience over this time frame. The target default age bracket for the Aurum Moderate Balanced Framework is investors age 50 to 59. By defaulting into one of the Aurum Asset Allocation Frameworks, your portfolio will remain in that framework until either you make a change in your investment allocation or you reach one the various age brackets at 40, 50, 60, or 70 years of age, respectively. In the year you turn age 40, you will move from the Aggressive Growth Framework to the Aggressive Balanced Framework. In the year you turn age 50, you will move from the Aggressive Balanced Framework to the Moderate Balanced Framework. In the year you turn age 60, you will move the Moderate Balanced Framework to the Conservative Balanced Framework. In the year you turn age 70, you will move from the Conservative Balanced Framework to the Conservative Income Framework. The change to the new Framework will occur on the first trading day of the year you reach age 40, 50, 60, or 70, respectively. 0.04070.6221
ModelxChangeBeacon Capital Management, Inc.Vantage 2.0 Aggressive10/31/2017 12:00:00 AM9.911116.69093.42069.04819.911110.2065-10.245710.859225.496910.59768.118.430.411.041793Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17930.40000The Vantage 2.0 models are total return portfolios with a primary investment objective of risk management/principle protection and with a secondary objective of generating more consistent returns in the midst of market volatility and throughout various market cycles. Note as total return portfolios, the Vantage 2.0 models are not designed to outperform a specific benchmark or to generate a target rate of return. The Vantage 2.0 models are for investors seeking more consistent results. These portfolios are designed to avoid significant losses while attempting to enhance long-term returns. Investors are willing to sacrifice the highest possible returns in the market for a higher level of risk control. 0.5018
ModelxChangeBeacon Capital Management, Inc.Vantage 2.0 Balanced10/31/2017 12:00:00 AM7.847011.48232.64896.73437.84707.5349-8.292210.037617.21118.04406.356.640.380.981871Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL18710.40000The Vantage 2.0 models are total return portfolios with a primary investment objective of risk management/principle protection and with a secondary objective of generating more consistent returns in the midst of market volatility and throughout various market cycles. Note as total return portfolios, the Vantage 2.0 models are not designed to outperform a specific benchmark or to generate a target rate of return. The Vantage 2.0 models are for investors seeking more consistent results. These portfolios are designed to avoid significant losses while attempting to enhance long-term returns. Investors are willing to sacrifice the highest possible returns in the market for a higher level of risk control. 0.4930
ModelxChangeBeacon Capital Management, Inc.Vantage 2.0 Conservative10/31/2017 12:00:00 AM6.01856.54242.08184.25056.01854.7744-5.54798.51257.73235.97784.214.560.420.881872Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL18720.40000The Vantage 2.0 models are total return portfolios with a primary investment objective of risk management/principle protection and with a secondary objective of generating more consistent returns in the midst of market volatility and throughout various market cycles. Note as total return portfolios, the Vantage 2.0 models are not designed to outperform a specific benchmark or to generate a target rate of return. The Vantage 2.0 models are for investors seeking more consistent results. These portfolios are designed to avoid significant losses while attempting to enhance long-term returns. Investors are willing to sacrifice the highest possible returns in the market for a higher level of risk control. 0.4834
ModelxChangeBeacon Capital Management, Inc.Vantage 3.0 Aggressive10/31/2017 12:00:00 AM8.015910.55965.773810.62848.015911.4197-3.328212.151526.69823.48555.036.731.071.52582Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25820.40000The Vantage 3.0 Aggressive, Balanced and Conservative portfolios seek to minimize losses while striving to participate in the market's upside by monitoring each of the 11 Vanguard Sector ETFs individually and as each sector falls below its sell point, a loss reduction trade is triggered and the equity assets represented by that sector only are shifted to our bond portfolio. Holdings in the Alternative and Bond portfolios follow the same mechanical loss reduction strategy (alternative positions move to bonds and bond positions move to a short-term bond fund when they cross their "bear" trading trend-line). Conversely, when a sector/holding which has been shifted from its normal allocation then crosses its "bull" trading trend-line, the allocation portion represented by that holding is liquidated from its defensive position and reallocated back to its normal allocation. The standard investment allocation is the Normal Allocation that is used the majority of the time. The Normal Allocation consists of equities, bonds, and cash. The equity allocation is equally divided among the 11 Vanguard sector ETFs. The bond allocation is equally divided among four Vanguard bond ETFs that provide exposure to extended, long, intermediate, and inflation-protected bonds. Each allocation also includes a cash position. As an equity sector shows weakness and enters, what is believed to be, a bear trend, those funds are moved to the bond allocation. As a bond sector shows weakness and enters, what is believed to be, a bear trend, those funds are moved to a further defensive short-term bond position. Each sector is monitored daily with a specific benchmark index. When a benchmark index falls below the bear trend line, the sector is sold and the funds are reallocated to the Vantage 3.0 Bond portfolio. When a benchmark index moves above the bull trend line, funds are moved from the Vantage 3.0 Bond portfolio and used to buy the sector once again. The Vantage 3.0 strategy creates the bull and bear trend lines based upon a proprietary blend of five moving averages. These moving averages attempt to provide a guide to the long-term trend of each sector.0.4918
ModelxChangeBeacon Capital Management, Inc.Vantage 3.0 Alternative10/31/2017 12:00:00 AM1.21234.24704.38215.41601.212314.3359-4.59165.52988.4006-3.32546.416.260.640.842586Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25860.40000The Vantage 3.0 Alternative Portfolio seeks to minimize losses while striving to participate in the market's upside by monitoring each of the 3 PowerShares Alternative ETFs individually and as each alternative sector falls below its sell point ("bear" trading trend-line), a loss reduction trade is triggered and the assets represented by that alternative holding only are shifted to our bond portfolio. Conversely, when an alternative holding which has been shifted from its normal allocation then crosses its "bull" trading trend-line, the allocation portion represented by that holding is liquidated from its defensive position and reallocated back to its normal allocation. The standard investment allocation is the Normal Allocation that is used the majority of the time. The Normal Allocation consists of alternative equities, bonds, and cash. The alternative equity allocation is equally divided among the 3 PowerShares Alternative ETFs. The bond allocation is equally divided among four Vanguard bond ETFs that provide exposure to extended, long, intermediate, and inflation-protected bonds. Each allocation also includes a cash position. As an alternative holding shows weakness and enters, what is believed to be, a bear trend, those funds are moved to the bond allocation. As a bond sector shows weakness and enters, what is believed to be, a bear trend, those funds are moved to a further defensive short-term bond position. Each alternative holding is monitored daily with a specific benchmark index. When a benchmark index falls below the bear trend line, the sector is sold and the funds are reallocated to the Vantage 3.0 Bond portfolio. When a benchmark index moves above the bull trend line, funds are moved from the Vantage 3.0 Bond portfolio and used to buy the alternative equity holding once again. The Vantage 3.0 strategies creates the bull and bear trend lines based upon a proprietary blend of five moving averages. These moving averages attempt to provide a guide to the long-term trend of each sector. 1.7033
ModelxChangeBeacon Capital Management, Inc.Vantage 3.0 Balanced10/31/2017 12:00:00 AM5.30225.49743.93997.37835.30228.8133-3.913111.524616.08424.56604.65.60.781.262583Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25830.40000The Vantage 3.0 Aggressive, Balanced and Conservative portfolios seek to minimize losses while striving to participate in the market's upside by monitoring each of the 11 Vanguard Sector ETFs individually and as each sector falls below its sell point, a loss reduction trade is triggered and the equity assets represented by that sector only are shifted to our bond portfolio. Holdings in the Alternative and Bond portfolios follow the same mechanical loss reduction strategy (alternative positions move to bonds and bond positions move to a short-term bond fund when they cross their "bear" trading trend-line). Conversely, when a sector/holding which has been shifted from its normal allocation then crosses its "bull" trading trend-line, the allocation portion represented by that holding is liquidated from its defensive position and reallocated back to its normal allocation. The standard investment allocation is the Normal Allocation that is used the majority of the time. The Normal Allocation consists of equities, bonds, and cash. The equity allocation is equally divided among the 11 Vanguard sector ETFs. The bond allocation is equally divided among four Vanguard bond ETFs that provide exposure to extended, long, intermediate, and inflation-protected bonds. Each allocation also includes a cash position. As an equity sector shows weakness and enters, what is believed to be, a bear trend, those funds are moved to the bond allocation. As a bond sector shows weakness and enters, what is believed to be, a bear trend, those funds are moved to a further defensive short-term bond position. Each sector is monitored daily with a specific benchmark index. When a benchmark index falls below the bear trend line, the sector is sold and the funds are reallocated to the Vantage 3.0 Bond portfolio. When a benchmark index moves above the bull trend line, funds are moved from the Vantage 3.0 Bond portfolio and used to buy the sector once again. The Vantage 3.0 strategy creates the bull and bear trend lines based upon a proprietary blend of five moving averages. These moving averages attempt to provide a guide to the long-term trend of each sector.0.4858
ModelxChangeBeacon Capital Management, Inc.Vantage 3.0 Bond10/31/2017 12:00:00 AM-0.6572-5.5664-0.42520.2556-0.65720.5176-4.191411.3896-4.54464.29286.525.77-0.090.032585Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25850.40000The Vantage 3.0 Bond Portfolio seeks to minimize losses while striving to participate in the fixed income market's upside by monitoring each of the 4 Vanguard Sector/Bond ETFs individually and as each bond position falls below its sell point ("bear" trading trend-line), a loss reduction trade is triggered and the assets represented by that bond sector only are shifted to a short-term bond holding. Conversely, when a bond sector/holding which has been shifted from its normal allocation then crosses its "bull" trading trend-line, the allocation portion represented by that holding is liquidated from its defensive position and reallocated back to its normal allocation. The standard investment allocation is the Normal Allocation that is used the majority of the time. The Normal Allocation consists of bonds and cash. The bond allocation is equally divided among four Vanguard bond ETFs that provide exposure to extended, long, intermediate, and inflation-protected bonds. Each allocation also includes a cash position. As an bond holding shows weakness and enters, what is believed to be, a bear trend, those funds are moved to a short-term bond position. Each Vantage 3.0 Bond holding is monitored daily with a specific bond benchmark index. When a bond benchmark index falls below its bear trading trend line, the bond holding is sold and the funds are reallocated to a short-term fixed income position. When a bond benchmark index moves above the bull trading trend line, funds represented by the bond holding are moved from the short-term investment back into the its normal bond position. The Vantage 3.0 Bond strategy creates the bull and bear trend lines based upon a proprietary blend of five moving averages. These moving averages attempt to provide a guide to the long-term trend of each sector. 0.4700
ModelxChangeBeacon Capital Management, Inc.Vantage 3.0 Conservative10/31/2017 12:00:00 AM2.73320.61642.39214.46262.73326.1248-3.720310.63557.13685.41325.0650.420.852584Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25840.40000The Vantage 3.0 Aggressive, Balanced and Conservative portfolios seek to minimize losses while striving to participate in the market's upside by monitoring each of the 11 Vanguard Sector ETFs individually and as each sector falls below its sell point, a loss reduction trade is triggered and the equity assets represented by that sector only are shifted to our bond portfolio. Holdings in the Alternative and Bond portfolios follow the same mechanical loss reduction strategy (alternative positions move to bonds and bond positions move to a short-term bond fund when they cross their "bear" trading trend-line). Conversely, when a sector/holding which has been shifted from its normal allocation then crosses its "bull" trading trend-line, the allocation portion represented by that holding is liquidated from its defensive position and reallocated back to its normal allocation. The standard investment allocation is the Normal Allocation that is used the majority of the time. The Normal Allocation consists of equities, bonds, and cash. The equity allocation is equally divided among the 11 Vanguard sector ETFs. The bond allocation is equally divided among four Vanguard bond ETFs that provide exposure to extended, long, intermediate, and inflation-protected bonds. Each allocation also includes a cash position. As an equity sector shows weakness and enters, what is believed to be, a bear trend, those funds are moved to the bond allocation. As a bond sector shows weakness and enters, what is believed to be, a bear trend, those funds are moved to a further defensive short-term bond position. Each sector is monitored daily with a specific benchmark index. When a benchmark index falls below the bear trend line, the sector is sold and the funds are reallocated to the Vantage 3.0 Bond portfolio. When a benchmark index moves above the bull trend line, funds are moved from the Vantage 3.0 Bond portfolio and used to buy the sector once again. The Vantage 3.0 strategy creates the bull and bear trend lines based upon a proprietary blend of five moving averages. These moving averages attempt to provide a guide to the long-term trend of each sector.0.4792
ModelxChangeBeaumont Capital ManagementBCM Decathlon Conservative Tactics10/31/2017 12:00:00 AM13.402615.56015.04523.359613.40263.5073-0.7587-0.35652.17024.073.771.140.83409Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4090.50000The strategy is a global, tactical strategy. This quantitative, ETF-based growth strategy focuses on reducing volatility and maximum drawdown by seeking to adhere to a 7% maximum target for each as well as an 80% maximum allowable equity allocation. The strategy seeks to help investors participate in healthy markets, while avoiding asset classes or specific markets undergoing periods of failure. The strategy is opportunistic, selecting from a carefully managed investment universe of ETFs representing virtually every investable asset class, and does not have specific asset allocation restrictions (other than the 80% maximum equity allocation for the Conservative portfolio). Typically every 25 trading days, the strategy invests in 10 ETFs in 10% equal weights. The strategy solely invests in long-only ETFs or money market funds, and avoids leverage, options, inverse and other complicating factors. All eligible BCM strategies are GIPS® verified annually by an independent third party. The investment universe is a defined, managed investment pool of approximately 110 ETFs, across virtually all global asset classes – Global equity that includes sector, country and other types of equity ETFs; Global fixed income including a range of credit qualities, durations, and types; and alternative investments including REITs, Currencies and Commodities. The universe typically reviewed every 12 months for the purpose of adding or removing ETFs, considering primarily liquidity, specific tax ramifications such as producing a K-1, specific and diverse investment attributes, and overall appropriateness. The strategy uses pattern recognition technology (PRT) seeking to invest in what are predicted to be the best performing asset classes at all times while being optimized to adhere to specific maximum volatility and maximum drawdown targets of 7% as well as an 80% maximum allowable equity allocation. The quantitative models are built using at least 10 years of return and volatility data. The PRT continuously analyzes the historical data of each ETF in the pool seeking to identify desirable, repeating patterns. Once the patterns have been identified, the algorithms then rank each ETF in the pool based on the most desirable patterns over the next 25 trading days. The algorithms de-select those ETFs that come with volatility or drawdown characteristics that are too high for the specified targets. Next, the top 10 ranked ETFs that meet the risk parameters set by the strategy will typically be included in the portfolio in equal weighted positions of 10%. The portfolio manager (PM) maintains full discretion over the portfolios that may be exercised for reasons including avoiding wash sales, liquidity and best trade execution, or capital preservation. Additionally, occasionally patterns are broken by exogenous events or there may be a black swan event. In these circumstances, the PM may respond by trading earlier than scheduled.0.8300
ModelxChangeBeaumont Capital ManagementBCM Decathlon Growth Tactics10/31/2017 12:00:00 AM24.641932.55828.33998.391724.64190.5883-0.63397.10728.993310.369.610.790.86411Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4110.50000The strategy is a global, tactical, absolute-return oriented strategy. This quantitative, ETF-based growth strategy focuses on reducing volatility and maximum drawdown by seeking to adhere to a 16% maximum target for each. The strategy seeks to help investors participate in healthy markets, while avoiding asset classes or specific markets undergoing periods of failure. The strategy is opportunistic, selecting from a carefully managed investment universe of ETFs representing virtually every investable asset class, and does not have specific asset allocation restrictions. Typically every 25 trading days, the strategy invests in 10 ETFs in 10% equal weights. The strategy solely invests in long-only ETFs or money market funds, and avoids leverage, options, inverse and other complicating factors. All eligible BCM strategies are GIPS® verified annually by an independent third party. The investment universe is a defined, managed investment pool of approximately 110 ETFs, across virtually all global asset classes – Global equity that includes sector, country and other types of equity ETFs; Global fixed income including a range of credit qualities, durations, and types; and alternative investments including REITs, Currencies and Commodities. The universe typically reviewed every 12 months for the purpose of adding or removing ETFs, considering primarily liquidity, specific tax ramifications such as producing a K-1, specific and diverse investment attributes, and overall appropriateness. The strategy uses pattern recognition technology (PRT) seeking to invest in what are predicted to be the best performing asset classes at all times while being optimized to adhere to specific maximum volatility and maximum drawdown targets of 16%. The quantitative models are built using at least 10 years of return and volatility data. The PRT continuously analyzes the historical data of each ETF in the pool seeking to identify desirable, repeating patterns. Once the patterns have been identified, the algorithms then rank each ETF in the pool based on the most desirable patterns over the next 25 trading days. The algorithms de-select those ETFs that come with volatility or drawdown characteristics that are too high for the specified targets. Next, the top 10 ranked ETFs that meet the risk parameters set by the strategy will typically be included in the portfolio in equal weighted positions of 10%. The strategy is reviewed and typically trades every 25 trading days. The portfolio manager (PM) maintains full discretion over the portfolios that may be exercised for reasons including avoiding wash sales, liquidity and best trade execution, or capital preservation. Additionally, occasionally patterns are broken by exogenous events or there may be a black swan event. In these circumstances, the PM may respond by trading earlier than scheduled. 0.9940
ModelxChangeBeaumont Capital ManagementBCM Decathlon Moderate Tactics10/31/2017 12:00:00 AM19.270624.58865.61576.003419.27061.5149-3.70546.42676.63657.587.030.710.83410Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL4100.50000The strategy is a global, tactical, absolute-return oriented strategy. This quantitative, ETF-based growth strategy focuses on reducing volatility and maximum drawdown by seeking to adhere to a 12% maximum target for each. The strategy seeks to help investors participate in healthy markets, while avoiding asset classes or specific markets undergoing periods of failure. The strategy is opportunistic, selecting from a carefully managed investment universe of ETFs representing virtually every investable asset class, and does not have specific asset allocation restrictions. Typically every 25 trading days, the strategy invests in 10 ETFs in 10% equal weights. The strategy solely invests in long-only ETFs or money market funds, and avoids leverage, options, inverse and other complicating factors. All eligible BCM strategies are GIPS® verified annually by an independent third party. The investment universe is a defined, managed investment pool of approximately 110 ETFs, across virtually all global asset classes – Global equity that includes sector, country and other types of equity ETFs; Global fixed income including a range of credit qualities, durations, and types; and alternative investments including REITs, Currencies and Commodities. The universe typically reviewed every 12 months for the purpose of adding or removing ETFs, considering primarily liquidity, specific tax ramifications such as producing a K-1, specific and diverse investment attributes, and overall appropriateness. The strategy uses pattern recognition technology (PRT) seeking to invest in what are predicted to be the best performing asset classes at all times while being optimized to adhere to specific maximum volatility and maximum drawdown targets of 12%. The quantitative models are built using at least 10 years of return and volatility data. The PRT continuously analyzes the historical data of each ETF in the pool seeking to identify desirable, repeating patterns. Once the patterns have been identified, the algorithms then rank each ETF in the pool based on the most desirable patterns over the next 25 trading days. The algorithms de-select those ETFs that come with volatility or drawdown characteristics that are too high for the specified targets. Next, the top 10 ranked ETFs that meet the risk parameters set by the strategy will typically be included in the portfolio in equal weighted positions of 10%. The strategy is reviewed and typically trades every 25 trading days. The portfolio manager (PM) maintains full discretion over the portfolios that may be exercised for reasons including avoiding wash sales, liquidity and best trade execution, or capital preservation. Additionally, occasionally patterns are broken by exogenous events or there may be a black swan event. In these circumstances, the PM may respond by trading earlier than scheduled. 0.9760
ModelxChangeBeaumont Capital ManagementBCM Diversified Equity10/31/2017 12:00:00 AM15.844920.84616.25597.837415.84495.8221-4.12607.205615.36759.39197.867.820.760.9881Large Growthhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL810.50000BCM Diversified Equity is a tactical, rules-based investment strategy. The portfolio is a global, equity growth strategy designed to meet or beat a blended benchmark – 70% S&P 500® Index / 15% MSCI World ex-U.S. Index / 15% MSCI World Index – over time while reducing portfolio volatility and drawdowns. The quantitatively-researched, ETF-based strategy seeks to help investors participate when markets are healthy and avoid large market losses in times of market failure. The strategy solely invests in long-only ETFs or money market funds, and avoids leverage, options, inverse and other complicating, risky factors. All eligible BCM strategies are GIPS® verified annually by an independent third party. The strategy’s target allocation is 70% U.S. Core Equity (U.S. Sector Rotation model), 15% International Equity and 15% Global Macro Equity. The U.S. core equity allocation uses a quantitatively-researched process that analyzes 10 sectors of the S&P 500 on a weekly basis to establish which sectors have positive momentum. The allocation owns the ETFs representing those sectors with positive momentum, in equal weights, and sells those that have negative momentum. If three or fewer sectors are owned, the allocation starts to raise cash (or substitutes) and can go to 100% cash if conditions warrant. The international equity allocation is quantitatively driven with a fundamental overlay. The allocation will typically allocate 50% to developed markets and 50% to emerging markets in normal market conditions. If the quantitative system determines broad international markets do not have positive momentum, the portfolio manager may select ETFs that target specific regions or countries. The global macro equity allocation invests based on long-term themes of the Beaumont investment committees. The positions within this allocation typically target 10+ year themes such as clean water, high dividend ETFs, internet related ETFs or precious metals, etc. The strategy invests solely in long-only ETFs, and do not use ETFs that actively employ margin, leverage, inverse or other complicating factors. The strategy primarily invests in the SSgA SPDR Sector ETFs. 0.7364
ModelxChangeBeaumont Capital ManagementBCM Dynamic 50%/50% Target Allocation10/31/2017 12:00:00 AM7.15328.61537.15325.3816-1.67653040Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30400.22000The BCM Dynamic 50%/50% Target Allocation portfolio is constructed using a combination of tactical and strategic allocations in both equity and fixed income. The portfolio seeks to achieve balanced capital appreciation by investing 50% in equity ETFs and 50% in fixed income ETFs. BCM’s investment philosophy is based on the belief that emotions drive investor actions, and that investors are not risk averse, they are loss averse. BCM incorporates this into each of our investment processes, while still focusing on the primary goal of any investment strategy – growth. 43% of the portfolio invests in a tactical, momentum-based sector rotation process to invest in ETFs representing the ten sectors of the S&P 500® Index in equal weights. The strategy has the ability to remove individual sectors that are struggling despite an overall bull market, to raise cash if invested in fewer than 4 sectors, and to move 100% into a money-market if conditions warrant. This tactical portion of the strategy seeks to stay invested in healthy and even sideways markets to provide growth, but provides significant downside protection in weak markets. 47% of the portfolio invests in a tactical, fundamentally driven fixed income allocation that invests in a combination of high quality fixed income, high yield fixed income and equity income ETFs. This allocation is designed to help reduce overall portfolio volatility and has the ability to invest 100% in ultra-short term bond ETFs and/or cash if bonds enter a bear market. The remaining 10% of the portfolio is a strategic allocation to a broad fixed income ETF. The strategic allocation is static and will remain invested in the specified allocations to help achieve overall portfolio objectives with the exception of periodic rebalancing. The strategy seeks to participate in healthy markets, while using tactical allocations and fixed income to help reduce risk and protect against large losses in market downturns in equities and/or bonds. The portfolio invests in long-only ETFs and will not actively use margin, leverage, shorting or other complicating factors. The portfolio manager maintains full discretion over the portfolio. The portfolio will typically have 10-20 ETFs. 0.3622
ModelxChangeBeaumont Capital ManagementBCM Dynamic 60%/40% Target Allocation10/31/2017 12:00:00 AM8.922611.57988.92266.4996-2.18473039Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30390.22000The BCM Dynamic 60%/40% Target Allocation portfolio is constructed using a combination of tactical and strategic allocations in both equity and fixed income. The portfolio seeks to achieve moderate capital appreciation by investing 60% in equity ETFs, and to balance risk, invests 40% in fixed income ETFs. BCM’s investment philosophy is based on the belief that emotions drive investor actions, and that investors are not risk averse, they are loss averse. BCM incorporates this into each of our investment processes, while still focusing on the primary goal of any investment strategy – growth. 45% of the portfolio invests in a tactical, momentum-based sector rotation process to invest in ETFs representing the ten sectors of the S&P 500® Index in equal weights. The strategy has the ability to remove individual sectors that are struggling despite an overall bull market, to raise cash if invested in fewer than 4 sectors, and to move 100% into a money-market if conditions warrant. This tactical portion of the strategy seeks to stay invested in healthy and even sideways markets to provide growth, but provides significant downside protection in weak markets. 35% of the portfolio invests in a tactical, fundamentally driven fixed income allocation that invests in a combination of high quality fixed income, high yield fixed income and equity income ETFs. This allocation is designed to help reduce overall portfolio volatility and has the ability to invest 100% in ultra-short term bond ETFs and/or cash if bonds enter a bear market. The remaining 20% of the portfolio is strategically allocated 10% to global large-, mid- and small-cap equity ETFs and 10% to a broad fixed income ETF. The strategic allocations are static and will remain invested in the specified allocations to help achieve overall portfolio objectives with the exception of periodic rebalancing. The strategy seeks to participate in healthy markets, while using tactical allocations and fixed income to help reduce risk and protect against large losses in market downturns in equities and/or bonds. The portfolio invests in long-only ETFs and will not actively use margin, leverage, shorting or other complicating factors. The portfolio manager maintains full discretion over the portfolio. The portfolio will typically have 10-20 ETFs. 0.3486
ModelxChangeBeaumont Capital ManagementBCM Dynamic 70%/30% Target Allocation10/31/2017 12:00:00 AM10.721414.131910.72146.8263-2.30023038Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30380.22000The BCM Dynamic 70%/30% Target Allocation portfolio is constructed using a combination of tactical and strategic allocations in both equity and fixed income. The portfolio seeks to achieve capital appreciation by investing 70% in equity ETFs, and to help offset equity market volatility, invests 30% in fixed income ETFs. BCM’s investment philosophy is based on the belief that emotions drive investor actions, and that investors are not risk averse, they are loss averse. BCM incorporates this into each of our investment processes, while still focusing on the primary goal of any investment strategy – growth. 46% of the portfolio invests in a tactical, momentum-based sector rotation process to invest in ETFs representing the ten sectors of the S&P 500® Index in equal weights. The strategy has the ability to remove individual sectors that are struggling despite an overall bull market, to raise cash if invested in fewer than 4 sectors, and to move 100% into a money-market if conditions warrant. This tactical portion of the strategy seeks to stay invested in healthy and even sideways markets to provide growth, but provides significant downside protection in weak markets. 29% of the portfolio invests in a tactical, fundamentally driven fixed income allocation that invests in a combination of high quality fixed income, high yield fixed income and equity income ETFs. This allocation is designed to help reduce overall portfolio volatility and has the ability to invest 100% in ultra-short term bond ETFs and/or cash if bonds enter a bear market. The remaining 25% of the portfolio is strategically allocated 20% to global large-, mid- and small-cap equity ETFs and 5% to a broad fixed income ETF. The strategic allocations are static and will remain invested in the specified allocations to help achieve overall portfolio objectives with the exception of periodic rebalancing. The strategy seeks to provide strong participation in healthy markets, while using tactical allocations and strategic fixed income to help protect against large losses in market downturns. The portfolio invests in long-only ETFs and will not actively use margin, leverage, shorting or other complicating factors. The portfolio manager maintains full discretion over the portfolio. The portfolio will typically have 10-20 ETFs. 0.3445
ModelxChangeBeaumont Capital ManagementBCM Dynamic 85%/15% Target Allocation10/31/2017 12:00:00 AM12.741217.632312.74128.1689-3.03423037Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30370.22000The BCM Dynamic 85%/15% Target Allocation portfolio is constructed using a combination of tactical and strategic allocations in both equity and fixed income. The portfolio seeks to achieve capital appreciation by investing 85% in equity ETFs, and to help offset equity market volatility, invests 15% in fixed income ETFs. BCM’s investment philosophy is based on the belief that emotions drive investor actions, and that investors are not risk averse, they are loss averse. BCM incorporates this into each of our investment processes, while still focusing on the primary goal of any investment strategy – growth. 53% of the portfolio invests in a tactical, momentum-based sector rotation process to invest in ETFs representing the ten sectors of the S&P 500® Index in equal weights. The strategy has the ability to remove individual sectors that are struggling despite an overall bull market, to raise cash if invested in fewer than 4 sectors, and to move 100% into a money-market if conditions warrant. This tactical portion of the strategy seeks to stay invested in healthy and even sideways markets to provide growth, but provides significant downside protection in weak markets. 12% of the portfolio invests in a tactical, fundamentally driven fixed income allocation that invests in a combination of high quality fixed income, high yield fixed income and equity income ETFs. This allocation is designed to help reduce overall portfolio volatility and has the ability to invest 100% in ultra-short term bond ETFs and/or cash if bonds enter a bear market. The remaining 35% of the portfolio is strategically allocated 30% to global large-, mid- and small-cap equity ETFs and 5% to a broad fixed income ETF. The strategic allocations are static and will remain invested in the specified allocations to help achieve overall portfolio objectives with the exception of periodic rebalancing. The strategy seeks to provide robust participation in healthy markets and uses tactical equity allocations to help protect against large losses in market downturns. The portfolio construct will include long-only ETFs and will not actively use margin, leverage, shorting, inverse or other complicating factors. The portfolio manager maintains full discretion over the portfolio. The portfolio will typically have 10-20 ETFs. 0.3243
ModelxChangeBeaumont Capital ManagementBCM Dynamic 95%/5% Target Allocation10/31/2017 12:00:00 AM14.947820.972914.94789.4295-3.38263036Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL30360.22000The BCM Dynamic 95%/5% Target Allocation portfolio is constructed using a combination of tactical and strategic equity allocations. The portfolio seeks to achieve significant capital appreciation by investing 95% in equity ETFs with 5% in a broad bond ETF. BCM’s investment philosophy is based on the belief that emotions drive investor actions, and that investors are not risk averse, they are loss averse. BCM incorporates this into each of our investment processes, while still focusing on the primary goal of any investment strategy – growth. 55% of the strategy is invested in a tactical, momentum-based sector rotation process to invest in ETFs representing the ten sectors of the S&P 500® Index in equal weights. This portion of the portfolio has the ability to remove individual sectors that are struggling despite an overall bull market, to raise cash if invested in fewer than 4 sectors, and to move 100% into a money-market if conditions warrant. This tactical equity portion of the strategy seeks to stay invested in healthy and even sideways markets to provide growth, but provides significant downside protection in weak markets. The remaining 45% of the portfolio is strategically allocated 40% to global large-, mid- and small-cap equity ETFs and 5% to a broad fixed income ETF. The strategic allocations are static and will remain invested in the specified allocations to help achieve overall portfolio objectives with the exception of periodic rebalancing. The strategy seeks to provide robust participation in healthy markets and uses tactical equity allocations to help protect against large losses in market downturns. The portfolio construct will include long-only ETFs. The strategy and the ETFs used will not actively use margin, leverage, shorting, inverse or other complicating factors. The portfolio manager maintains full discretion over the portfolio. The portfolio will typically have 10-20 ETFs. The strategy is designed for investors who have the ability to withstand substantial risk and want to maximize growth over the long-term, but are still seeking a degree of downside protection. 0.3107
ModelxChangeBeaumont Capital ManagementBCM DynamicBelay Aggressive Growth (QDIA)10/31/2017 12:00:00 AM14.947820.972914.94789.4295-3.38261830Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL18300.22000BCM DynamicBelay Aggressive Growth is a QDIA eligible strategy for 401(k) plans that seeks to achieve significant capital appreciation by investing 95% in equity ETFs. The strategy seeks to provide robust participation in healthy markets and uses tactical equity and fixed income allocations to help protect against large losses in market downturns. The strategy is designed for investors ages 29 years and younger, who have the ability to withstand substantial risk and want to maximize growth over time. The strategy is constructed using a combination of tactical and strategic allocations. 55% of the strategy is “tactically unconstrained”. This allocation uses a quantitative, momentum-based sector rotation process to invest in ETFs representing the ten sectors of the S&P 500® Index and can move to 100% “cash” as the quantitative models dictate. This tactical portion of the strategy seeks to stay invested in favorable markets to provide growth, but provide significant downside protection in weak markets by raising cash. The remaining 45% of the portfolio is strategically allocated to large, mid and small cap global equity ETFs, and diverse fixed income ETFs. The strategic allocations are static and will remain invested in the specified allocations at all times to help achieve overall portfolio growth.0.3855
ModelxChangeBeaumont Capital ManagementBCM DynamicBelay Balanced Growth (QDIA)10/31/2017 12:00:00 AM7.15328.61537.15325.3816-1.67651844Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL18440.50000BCM DynamicBelay Balanced Growth is a QDIA eligible strategy for 401(k) plans that seeks to achieve steady growth by investing 50% in equity ETFs and to help offset equity market volatility, invests 50% fixed income ETFs. The strategy uses tactical equity and fixed income, and static fixed income allocations to help protect against large losses in market downturns while seeking to provide participation in favorable markets. The strategy is designed for investors 60 and older, who are nearing retirement and are seeking balanced growth until retirement. The BCM DynamicBelay Balanced Growth strategy is constructed using a combination of tactical and strategic allocations. 90% of the strategy is “tactically unconstrained” investing in both equity and fixed income. The tactical equity allocation uses a quantitative, momentum-based sector rotation process to invest in ETFs representing the ten sectors of the S&P 500® Index and can move to 100% “cash” as the quantitative models dictate. This tactical portion of the strategy seeks to stay invested in favorable markets to provide growth, but provide significant downside protection in weak markets by raising cash. The tactical fixed income allocation is fundamentally managed and invests in a combination of high quality fixed income, high yield fixed income and equity income. This allocation is designed to complement the equity allocation, seeking to reduce overall portfolio volatility and has the ability to invest 100% is ultra-short term bond ETFs and/or cash if conditions warrant. The remaining 10% of the portfolio is allocated to strategic, diverse fixed income ETFs. The strategic allocations are static and will remain invested in the specified allocations at all times to help achieve overall portfolio growth.0.6663
ModelxChangeBeaumont Capital ManagementBCM DynamicBelay Conservative Growth (QDIA)10/31/2017 12:00:00 AM8.922611.57988.92266.4996-2.18471843Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL18430.50000BCM DynamicBelay Conservative Growth is a QDIA eligible strategy for 401(k) plans that seeks to achieve moderate growth by investing 60% in equity ETFs and to help offset equity market volatility, invests 40% in fixed income ETFs. The strategy uses tactical equity and fixed income, and static fixed income allocations to help protect against large losses in equity market downturns while seeking to provide participation in favorable market conditions. The strategy is designed for investors 50-59, who have a lower risk tolerance and are seeking to achieve more modest growth as they approach retirement. The BCM DynamicBelay Conservative Growth strategy is constructed using a combination of tactical and strategic allocations. 80% of the strategy is “tactically unconstrained” investing in both equity and fixed income. The tactical equity allocation uses a quantitative, momentum-based sector rotation process to invest in ETFs representing the ten sectors of the S&P 500® Index and can move to 100% “cash” as the quantitative models dictate. This tactical portion of the strategy seeks to stay invested in favorable markets to provide growth, but provide significant downside protection in weak markets by raising cash. The tactical fixed income allocation is fundamentally managed and invests in a combination of high quality fixed income, high yield fixed income and equity income. This allocation is designed to complement the equity allocation, seeking to reduce overall portfolio volatility and has the ability to invest 100% is ultra-short term bond ETFs and/or cash if conditions warrant. The remaining 20% of the portfolio is strategically allocated to large, mid and small cap global equity ETFs, and diverse fixed income ETFs. The strategic allocations are static and will remain invested in the specified allocations at all times to help achieve overall portfolio growth. 0.6648
ModelxChangeBeaumont Capital ManagementBCM DynamicBelay Growth (QDIA)10/31/2017 12:00:00 AM12.741217.632312.74128.1689-3.03421831Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL18310.50000BCM DynamicBelay Growth is a QDIA eligible strategy for 401(k) plans that seeks to achieve growth by investing 85% in equity ETFs and to help offset equity market volatility, invests 15% in fixed income ETFs. The strategy seeks to provide robust participation in healthy markets; and uses tactical equity and fixed income, and static fixed income allocations to help protect against large losses in market downturns. The strategy is designed for investors ages 30-39, who have a moderately aggressive risk tolerance and substantial growth as their primary long-term objective. The BCM DynamicBelay Growth strategy is constructed using a combination of tactical and strategic allocations. 65% of the strategy is “tactically unconstrained” investing in both equity and fixed income. The tactical equity allocation uses a quantitative, momentum-based sector rotation process to invest in ETFs representing the ten sectors of the S&P 500® Index and can move to 100% “cash” as the quantitative models dictate. This tactical portion of the strategy seeks to stay invested in favorable markets to provide growth, but provide significant downside protection in weak markets by raising cash. The tactical fixed income allocation is fundamentally managed and invests in a combination of high quality fixed income, high yield fixed income and equity income. This allocation is designed to complement the equity allocation, seeking to reduce overall portfolio volatility and has the ability to invest 100% is ultra-short term bond ETFs and/or cash if conditions warrant. The remaining 35% of the portfolio is strategically allocated to large, mid and small cap global equity ETFs and to diverse fixed income ETFs. The strategic allocations are static and will remain invested in the specified allocations at all times to help achieve overall portfolio growth. 0.6670
ModelxChangeBeaumont Capital ManagementBCM DynamicBelay Moderate Growth (QDIA)10/31/2017 12:00:00 AM10.721414.131910.72146.8263-2.30021832Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL18320.50000BCM DynamicBelay Moderate Growth is a QDIA eligible strategy for 401(k) plans that seeks to achieve steady growth by investing 70% in equity ETFs and to help offset equity market volatility, invests 30% in fixed income ETFs. The strategy seeks to provide participation in healthy markets; and uses tactical equity and fixed income, and static fixed income allocations to help protect against large losses in market downturns. The strategy is designed for investors ages 40-49 who have a moderate risk tolerance and steady long-term growth as their primary objective. The BCM DynamicBelay Moderate Growth strategy is constructed using a combination of tactical and strategic allocations. 75% of the strategy is “tactically unconstrained” investing in both equity and fixed income. The tactical equity allocation uses a quantitative, momentum-based sector rotation process to invest in ETFs representing the nine sectors of the S&P 500® Index and can move to 100% “cash” as the quantitative models dictate. This tactical portion of the strategy seeks to stay invested in favorable markets to provide growth, but provide significant downside protection in weak markets by raising cash. The tactical fixed income allocation is fundamentally managed and invests in a combination of high quality fixed income, high yield fixed income and equity income. This allocation is designed to complement the equity allocation, seeking to reduce overall portfolio volatility and has the ability to invest 100% is ultra-short term bond ETFs and/or cash if conditions warrant. The remaining 25% of the portfolio is strategically allocated to large, mid and small cap global equity ETFs and diverse fixed income ETFs. The strategic allocations are static and will remain invested in the specified allocations at all times to help achieve overall portfolio growth. 0.6723
ModelxChangeBeaumont Capital ManagementBCM Global Sector Rotation10/31/2017 12:00:00 AM16.115420.94503.92416.691616.11542.6282-6.33140.134120.506610.39148.538.280.450.886World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL860.50000BCM Global Sector Rotation is a tactical, rules-based investment strategy. The portfolio is a global, equity growth strategy designed to meet or beat the S&P Global 1200 Index over time while reducing portfolio volatility and drawdowns. The quantitatively-researched, ETF-based strategy seeks to help investors participate when markets are healthy and avoid large market losses in times of market failure. The strategy solely invests in long-only ETFs or money market funds, and avoids leverage, options, inverse and other complicating, risky factors. All eligible BCM strategies are GIPS® verified annually by an independent third party. The strategy’s target allocation is 100% Global Sector Equity ETFs. The strategy uses a quantitatively-researched process that analyzes 11 sectors of the S&P 500 on a weekly basis to establish which sectors have positive momentum. The strategy owns the ETFs representing those sectors with positive momentum, in equal weights, and sells those that have negative momentum. If three or fewer sectors are owned, the portfolio starts to raise cash in 25% increments and can go to 100% cash if conditions warrant. The strategy invests solely in long-only ETFs, and do not use ETFs that actively employ margin, leverage, inverse or other complicating factors. The strategy primarily invests in the SSgA SPDR Sector ETFs. 0.9120
ModelxChangeBeaumont Capital ManagementBCM Growth10/31/2017 12:00:00 AM13.368316.61605.24416.495113.36834.6577-3.37545.217212.93698.51526.316.370.780.9882Large Blendhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL820.50000BCM Growth is a tactical, rules-based investment strategy. The portfolio is a global, equity growth strategy designed to meet or beat a blended benchmark – 55% S&P 500® Index / 13% MSCI World ex-U.S. Index / 12% MSCI World Index / 20% Barclays Aggregate Bond Index – over time while reducing portfolio volatility and drawdowns. The quantitatively-researched, ETF-based strategy seeks to help investors participate when markets are healthy and avoid large market losses in times of market failure. The strategy solely invests in long-only ETFs or money market funds, and avoids leverage, options, inverse and other complicating, risky factors. All eligible BCM strategies are GIPS® verified annually by an independent third party. The strategy’s target allocation is 55% U.S. Core Equity (U.S. Sector Rotation model), 13% International Equity, 12% Global Macro Equity and 20% High Quality Fixed Income. The U.S. core equity allocation uses a quantitatively-researched process that analyzes 10 sectors of the S&P 500 on a weekly basis to establish which sectors have positive momentum. The allocation owns the ETFs representing those sectors with positive momentum, in equal weights, and sells those that have negative momentum. If three or fewer sectors are owned, the allocation starts to raise cash (or substitutes) and can go to 100% cash if conditions warrant. The international equity allocation is quantitatively driven with a fundamental overlay. The allocation will typically allocate 50% to developed markets and 50% to emerging markets in normal market conditions. If the quantitative system determines broad international markets do not have positive momentum, the portfolio manager may select ETFs that target specific regions or countries. The global macro equity allocation invests based on long-term themes of the Beaumont investment committees. The positions within this allocation typically target 10+ year themes such as clean water, high dividend ETFs, internet related ETFs or precious metals, etc. The high quality fixed income allocation is typically managed to duration to lower the overall volatility of the overall strategy. It will typically hold investment grade or government-backed bond ETFs. The strategy invests solely in long-only ETFs, and do not use ETFs that actively employ margin, leverage, inverse or other complicating factors. The strategy primarily invests in the SSgA SPDR Sector ETFs. 0.7520
ModelxChangeBeaumont Capital ManagementBCM Income10/31/2017 12:00:00 AM2.14380.05841.12881.07382.14381.3318-0.61782.2816-0.14153.42152.162.10.350.487Short-Term Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL870.35000BCM Income is a tactical, fundamentally managed investment strategy that invests according to long-term themes of the Beaumont investment committees. The portfolio is managed primarily to duration. The strategy is designed to participate when markets are healthy, but seeks to avoid failing markets by shortening duration and/or raising cash. The strategy serves as an active income component seeking to lower overall portfolio volatility. The strategy solely invest in long-only ETFs or money market funds, and avoid leverage, options, inverse and other complicating, risky factors. All eligible BCM strategies are GIPS® verified annually by an independent third party. The strategy’s target allocation is at least 70% High Quality Fixed Income, up to 15% High Yield Fixed Income and up to 15% Equity Income. The high quality fixed income allocation is typically fundamentally managed to duration to lower the overall volatility of the portfolio in which this allocation is included. It will typically hold investment grade or government-backed bond ETFs. The high yield fixed income allocation is a discretionary allocation that can invest in non-investment grade debt if the investment committee determines the risk-reward profile meets our standards. If the investment committees determine an unattractive scenario for high yield fixed income, the allocation can invest in high quality fixed income or raise cash. The equity income allocation is a discretionary allocation that seeks income in equity instruments. Equity income can come in many forms. The goal of this allocation is to enhance the income of strategy above normal bond coupon rates. Possible exposure could include high dividend yielding equities, REITs, preferred stock and MLPs. This is based on long-term themes of Beaumont’s investment committee. If the committee determine there are no attractive investments that fit into this allocation, it can also invest in high quality fixed income or raise cash. The strategy invests solely in long-only ETFs, and do not use ETFs that actively employ margin, leverage, inverse or other complicating factors. 0.5650
ModelxChangeBeaumont Capital ManagementBCM Moderate Growth10/31/2017 12:00:00 AM11.364213.49124.52005.710411.36424.2707-3.04764.231812.09466.08245.285.180.791.0583Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL830.50000BCM Moderate Growth is a tactical, rules-based investment strategy. The portfolio is a global, equity growth strategy designed to meet or beat a blended benchmark – 45% S&P 500® Index / 10% MSCI World ex-U.S. Index / 10% MSCI World Index / 35% Barclays Aggregate Bond Index – over time while reducing portfolio volatility and drawdowns. The quantitatively-researched, ETF-based strategy seeks to help investors participate when markets are healthy and avoid large market losses in times of market failure. The strategy solely invests in long-only ETFs or money market funds, and avoids leverage, options, inverse and other complicating, risky factors. All eligible BCM strategies are GIPS® verified annually by an independent third party. The strategy’s target allocation is 45% U.S. Core Equity (U.S. Sector Rotation model), 10% International Equity, 10% Global Macro Equity and 35% High Quality Fixed Income. The U.S. core equity allocation uses a quantitatively-researched process that analyzes 10 sectors of the S&P 500 on a weekly basis to establish which sectors have positive momentum. The allocation owns the ETFs representing those sectors with positive momentum, in equal weights, and sells those that have negative momentum. If three or fewer sectors are owned, the allocation starts to raise cash (or substitutes) and can go to 100% cash if conditions warrant. The international equity allocation is quantitatively driven with a fundamental overlay. The allocation will typically allocate 50% to developed markets and 50% to emerging markets in normal market conditions. If the quantitative system determines broad international markets do not have positive momentum, the portfolio manager may select ETFs that target specific regions or countries. The global macro equity allocation invests based on long-term themes of the Beaumont investment committees. The positions within this allocation typically target 10+ year themes such as clean water, high dividend ETFs, internet related ETFs or precious metals, etc. The high quality fixed income allocation is typically managed to duration to lower the overall volatility of the overall strategy. It will typically hold investment grade or government-backed bond ETFs. The strategy invests solely in long-only ETFs, and do not use ETFs that actively employ margin, leverage, inverse or other complicating factors. The strategy primarily invests in the SSgA SPDR Sector ETFs. 0.7603
ModelxChangeBeaumont Capital ManagementBCM Paradigm Global Fixed Income10/31/2017 12:00:00 AM3.78261.31532.12953.78263.9800-1.71305.83743.380.532721Long-Term Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27210.27000The BCM Dynamic Global Fixed Income strategy is a long-only, quantitatively-driven, dynamic strategy that seeks to outperform the JP Morgan Global Aggregate Bond Index by investing in fixed income focused exchange traded funds (ETFs). This includes ETFs currently focused on domestic and international treasuries, sovereigns, investment grade and high yield corporates, and floating rate notes. The strategy will always be fully invested but will primarily use duration and credit to manage risk. The BCM Dynamic Global Fixed Income strategy is a quantitatively-driven, dynamic approach that essentially entails three key steps to portfolio construction: first, examine all of the time period models; second, determine the corresponding weight to each; and lastly, allocate accordingly to each underlying collection of global fixed income ETF holdings into the ultimate portfolio. Each time period model has a set of specific base weights for each fixed income ETF. In addition, each time period model is allocated a portion of the overall portfolio based upon its risk-based weight. The underlying fixed income ETFs are subject to minimum and maximum buy allocations of 3% and 40%, respectively. The portfolio is reviewed daily and the system is typically run monthly for a potential rebalance to reflect the current level of risk in the market. The portfolio manager maintains full discretion on the strategy including the timing of the trading each month. In unusual circumstances, the portfolio may rebalance more than once per month. 0.5246
ModelxChangeBeaumont Capital ManagementBCM Paradigm U.S. Factor Selection10/31/2017 12:00:00 AM16.902724.345316.902712.64712719Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27190.50000The BCM Paradigm Tactical Factor Selection strategy is a long-only, quantitatively-driven, tactical strategy that seeks to outperform the S&P 500® Total Return Index by investing primarily in U.S. factor-focused exchange traded funds (ETFs). This includes ETFs currently focused on the factors of size, value, low volatility, quality, dividend, and momentum. The BCM Paradigm strategies are a set of quantitatively-driven, tactical approaches that essentially entails two key aspects to portfolio construction. The first is to determine each ETF candidate's investment paradigm, either normal or volatile. If normal, it will typically be included in the portfolio; if volatile, it will be left out or sold from the portfolio. Therefore, the strategy may be fully invested, fully in cash, or anywhere in between as an output of the perceived level of risk for each candidate investment. The second aspect of this approach is to tactically allocate to those investments in the normal paradigm according to risk-levels. Specifically, each factor ETF owned has a base weight of 10-20% based on historical factors. The system then adjusts the portfolio weights up or down based on the relative risk/reward of each ETF. There are minimum and maximum buy allocations of 3% and 30%, respectively. The system is run daily and is reviewed for a rebalance on a weekly basis to reflect and react to the current level of risk. The portfolio manager maintains full discretion on the strategy including the timing of the trading each week. 0.7595
ModelxChangeBeaumont Capital ManagementBCM Paradigm U.S. Fixed Income10/31/2017 12:00:00 AM3.31820.98743.31821.60712720Intermediate-Term Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27200.27000The BCM Paradigm Tactical Fixed Income strategy is a long-only, quantitatively-driven, tactical strategy that seeks to outperform the Barclays Capital U.S. Aggregate Bond Index by investing in U.S. fixed income focused exchange traded funds (ETFs). This includes ETFs focused on U.S. long and short maturity treasuries and TIPS, mortgage backed securities, commercial mortgage backed securities, and both U.S. investment grade and high yield corporate debt. The BCM Paradigm strategies use a quantitative process that begins by examining the relative and absolute levels of volatility of each U.S. fixed income candidate within the investment universe. Current investment research suggests the investment universe be focused on U.S. long and short maturity treasuries and TIPS, mortgage backed securities, commercial mortgage backed securities, and both U.S. investment grade and high yield corporate debt. The investment pool is managed and may be adjusted by the portfolio manager. The Paradigm system will categorize each investment candidate into one of two paradigms' normal or volatile. Each fixed income ETF is analyzed separately and the weight of each holding will be determined by the system's conviction in the potential return of each fixed income ETF. Essentially, in a normal environment the candidate investment is included in the portfolio, while in a volatile environment it is not. This is performed using multiple quantitative models whereby each model is trained on differing past market environments. These models are composed of shorter-term and a longer-term sub-models to account for different time scales. The final model output is based on an average of the results of each sub-model. This process allows the system to fine-tune to different market environments so the strategy will not have a bias to any particular period. This approach further helps to minimize portfolio turnover while still allowing the system to identify and respond to those periods with the perceived risk of large market losses. The portfolio manager maintains full discretion. 0.4792
ModelxChangeBeaumont Capital ManagementBCM U.S. Sector Rotation10/31/2017 12:00:00 AM13.951920.71496.808911.314413.95198.3857-4.350411.019530.100111.67808.688.810.761.2484Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL840.50000BCM U.S. Sector Rotation is a tactical, rules-based investment strategy. The portfolio is a U.S. large cap equity growth strategy designed to meet or beat the S&P 500® Index over time while reducing portfolio volatility and drawdowns. The quantitatively-researched, ETF-based strategy seeks to help investors participate when markets are healthy and avoid large market losses in times of market failure. The strategy solely invests in long-only ETFs or money market funds, and avoids leverage, options, inverse and other complicating, risky factors. All eligible BCM strategies are GIPS® verified annually by an independent third party. The strategy’s target allocation is 100% U.S. Sector Equity ETFs. The strategy uses a quantitatively-researched process that analyzes 10 sectors of the S&P 500 on a weekly basis to establish which sectors have positive momentum. The strategy owns the ETFs representing those sectors with positive momentum, in equal weights, and sells those that have negative momentum. If three or fewer sectors are owned, the portfolio starts to raise cash in 25% increments and can go to 100% cash if conditions warrant. The strategy invests solely in long-only ETFs, and do not use ETFs that actively employ margin, leverage, inverse or other complicating factors. The strategy primarily invests in the SSgA SPDR Sector ETFs. 0.6400
ModelxChangeBeaumont Capital ManagementBCM U.S. Smart Beta Sector Rotation10/31/2017 12:00:00 AM10.407518.23134.76959.885410.40758.4770-6.57018.331231.688112.00639.329.590.511.01188Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1880.50000BCM AlphaDEX U.S. Sector Rotation is a tactical, rules-based investment strategy. The portfolio is a U.S. large cap equity growth strategy designed to meet or beat the S&P 500® Index over time while reducing portfolio volatility and drawdowns. The quantitatively-researched, ETF-based strategy seeks to help investors participate when markets are healthy and avoid large market losses in times of market failure. The strategy solely invests in long-only ETFs or money market funds, and avoids leverage, options, inverse and other complicating, risky factors. All eligible BCM strategies are GIPS® verified annually by an independent third party. The strategy’s target allocation is 100% U.S. Sector Equity ETFs. The strategy uses a quantitatively-researched process that analyzes 10 sectors of the S&P 500 on a weekly basis to establish which sectors have positive momentum. The allocation owns the ETFs representing those sectors with positive momentum, in equal weights, and sells those that have negative momentum. If three or fewer sectors are owned, the allocation starts to raise cash (or substitutes) and can go to 100% cash if conditions warrant. The strategy invests solely in long-only ETFs, and do not use ETFs that actively employ margin, leverage, inverse or other complicating factors. The strategy primarily invests in the First Trust AlphaDEX Sector ETFs. 1.1300
ModelxChangeBell Rock Capital, LLCBRC Absolute Return10/31/2017 12:00:00 AM7.47498.20053.08964.59037.47495.7121-3.18853.67257.45844.414.780.630.911963Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL19630.40000The portfolio objective for the BRC Absolute Return strategy is to consistently generate moderate capital appreciation and moderate income for investors with low to intermediate tolerance for short term volatility. The portfolio complements core positions of indexed equities and investment grade fixed income with targeted exposure to a diversified selection of actively managed strategies and alternative asset classes. Investments are selected based on their potential for delivering uncorrelated returns or desired risk profiles in discreet market conditions. Target weights are tactically determined to reflect the probability of risk scenarios. Relative to other BRC strategies, the AR model incorporates a higher levels of unhedged exposure to assets denominated in foreign currencies, dollar denominated commodity assets and unconstrained fixed income strategies. The Portfolio Manager assigns risk based target weights to the underlying investments as a percentage of the overall portfolio value. Through systematic rebalancing and ongoing monitoring of the underlying assets, profits may be captured and redeployed in order to mitigate concentration risk.0.8147
ModelxChangeBell Rock Capital, LLCBRC Aggressive10/31/2017 12:00:00 AM11.108917.53436.976612.419411.10899.54301.11944.435036.155416.44949.889.930.691.211411Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14110.40000The portfolio objective for the BRC Aggressive strategy is to generate capital appreciation over time for investors with long term investment horizons, a tolerance for risk and the ability to remain invested through periods of elevated volatility. The strategies benchmark is the Morningstar Aggressive benchmark. The portfolio primarily targets diversified exposure to global equities with an emphasis on geographically or sector focused investments. These investments are selected for their potential to outperform the broader markets in terms of capital appreciation over time. Based on historical information, examples of industry specific investments might include Biotech, New Media, or Technology. Thematically driven research may be utilized throughout the business cycle to evaluate the addition or subtraction of mature industries or geographical / emerging market exposure. The Portfolio Manager assigns risk based target weights to the underlying investments as a percentage of the overall portfolio value. Through systematic rebalancing and ongoing monitoring of the underlying assets, profits may be captured and redeployed in order to mitigate concentration risk.0.4987
ModelxChangeBell Rock Capital, LLCBRC Balanced10/31/2017 12:00:00 AM8.955211.61905.55717.80378.95526.84861.05665.480913.055010.42144.885.381.061.381647Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16470.40000The portfolio objective is to outperform the Morningstar Conservative benchmark. This portfolio uses risk analysis and targets a balance between fixed income and diversified equity vehicles. This portfolio seeks modest growth and income over market cycles. The portfolio is designed to diversify holdings across a selection of asset classes and investment styles. This disciplined blending emphasizes return potential while attempting to manage risk and help provide consistent conservative returns. 0.5239
ModelxChangeBell Rock Capital, LLCBRC Capital Preservation10/31/2017 12:00:00 AM4.37375.49262.63353.79094.37374.9431-1.49284.21955.50405.91262.412.630.931.341648Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16480.40000The portfolio objective is to outperform the Morningstar Conservative benchmark. This portfolio uses risk analysis and targets a balance between fixed income and diversified equity vehicles. This portfolio seeks modest growth and income over market cycles. The portfolio is designed to diversify holdings across a selection of asset classes and investment styles. This disciplined blending emphasizes return potential while attempting to manage risk and help provide consistent conservative returns. 0.5505
ModelxChangeBell Rock Capital, LLCBRC Conservative10/31/2017 12:00:00 AM6.59439.55414.47578.46016.59437.0185-0.67283.434927.684713.28814.656.150.881.311400Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14000.40000The portfolio objective for the BRC Conservative strategy is to provide balanced exposure to income producing assets and a selection of broadly diversified global equities for investors with short to intermediate investment horizons and a low to moderate tolerance for risk. The strategies benchmark is the Morningstar Conservative benchmark. The portfolio is designed with the objective of providing stable growth with a lower degree of volatility than other strategies. The fixed income portion of the portfolio incorporates investment instruments with staggered durations with the potential for reducing sensitivity to fluctuations in rates. This is complemented by broadly diversified exposure to the global equity markets that targets growth and value. The Portfolio Manager assigns risk based target weights to the underlying investments as a percentage of the overall portfolio value. Through systematic rebalancing and ongoing monitoring of the underlying assets, profits may be captured and redeployed in order to mitigate concentration risk.0.5350
ModelxChangeBell Rock Capital, LLCBRC Low Volatility10/31/2017 12:00:00 AM6.76136.27134.80246.62076.76135.61870.92689.39229.63996.14254.024.121.091.522603Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26030.28000The portfolio objective is to outperform the very Morningstar Conservative benchmark. This portfolio uses risk analysis and targets a balance between fixed income and diversified equity vehicles. This portfolio seeks modest growth and income over market cycles. The portfolio is designed with the objective of providing conservative stable growth with a low degree of volatility. The Portfolio Manager assigns risk based target weights to the underlying investments as a percentage of the overall portfolio value. This disciplined blend emphasizes return potential while attempting to manage risk and help provide consistent conservative returns. 0.5500
ModelxChangeBell Rock Capital, LLCBRC Moderate10/31/2017 12:00:00 AM9.935314.93605.688410.75599.93537.40050.47743.078334.115416.14277.848.460.71.231410Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14100.40000The portfolio objective for the BRC Moderate strategy is to generate growth and income across market cycles for investors with Long to Intermediate investment horizons and a moderate tolerance for risk. The strategies benchmark is the Morningstar Moderate benchmark. The portfolio is designed to provide exposure to a weighted blend of asset classes that has historically mitigated risk in periods of dislocation or volatility in the equity markets and delivering long term price appreciation. The fixed income portion of the strategy incorporates investments in instruments with staggered durations with the intention of reducing sensitivity to fluctuations in rates. This is complemented by broadly diversified exposure to the global equity markets and targeted weightings in sector or geographically focused instruments. The Portfolio Manager assigns risk based target weights to the underlying investments as a percentage of the overall portfolio value. Through systematic rebalancing and ongoing monitoring of the underlying assets, profits may be captured and redeployed in order to mitigate concentration risk.0.5143
ModelxChangeBox Financial Advisors, LLCAll Bond10/31/2017 12:00:00 AM1.32760.91721.32761.60531697Intermediate-Term Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16970.35000Seek a high level of income consistent with a portfolio of various fixed income securities. To invest in bond mutual funds and/or ETFs, designed to seek a high level of income. The portfolio will normally maintain the underlying assets in bond mutual funds and/or bond ETFs. Assets may be allocated in cash and/or short term cash equivalent mutual funds and/or ETFs. The mixture of investments represents various areas of the fixed income and debt securities markets, including investment-grade, high yield, international, and emerging market asset classes.0.4990
ModelxChangeBox Financial Advisors, LLCAll Cash10/31/2017 12:00:00 AM0.58850.64170.58850.15021698Money Market-Taxablehttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16980.00000Seek a high level of income consistent with preservation of capital and liquidity. To invest in U.S. denominated money market fund(s). 0.2000
ModelxChangeBox Financial Advisors, LLCAll Stock10/31/2017 12:00:00 AM13.967321.066013.967312.56951705World Stockhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17050.45000Seek a high total return by allocating across various asset classes to generate capital appreciation. To invest in stock ETF’s, consisting of various asset classes for diversification. The fund can invest at least 5% of underlying assets in money market or other short-term cash equivalents. Up to 100% of assets may be allocated in stock mutual funds and/or ETF's.0.6173
ModelxChangeBox Financial Advisors, LLCRisk Tolerance - Aggressive10/31/2017 12:00:00 AM10.283211.954610.28323.82001704Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17040.45000Seek a high total return by allocating across various asset classes to generate some income and capital appreciation. To invest in stock, bond, and other ETFs, consisting of various asset classes for diversification. The portfolio will normally maintain a neutral mix of 85% in stock and 15% bond assets.0.6175
ModelxChangeBox Financial Advisors, LLCRisk Tolerance - Balanced10/31/2017 12:00:00 AM6.13737.81196.13733.47821700Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17000.40000Seek a high total return by allocating across various asset classes to generate income and capital appreciation. To invest in stock, bond, and other ETFs, consisting of various asset classes for diversification. The portfolio will normally maintain a neutral mix of 50% in stock, 40% bond, and 10% in short-term or cash equivalents. 0.5484
ModelxChangeBox Financial Advisors, LLCRisk Tolerance - Conservative10/31/2017 12:00:00 AM3.91274.38473.91271699Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16990.35000Seek a high level of income and some capital appreciation for growth to offset inflation. To invest in stock, bond, and other ETFs, consisting of various asset classes for diversification. The portfolio will normally maintain a neutral mix of 25% in stock, 50% bond, and 25% in short-term or cash equivalents.0.4927
ModelxChangeBox Financial Advisors, LLCRisk Tolerance - Growth10/31/2017 12:00:00 AM8.645310.46528.64533.60201702Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17020.45000Seek a high total return by allocating across various asset classes to generate income and capital appreciation. To invest in stock, bond, and other ETFs, consisting of various asset classes for diversification. The portfolio will normally maintain a neutral mix of 70% in stock and 30% bond assets. 0.6060
ModelxChangeBox Financial Advisors, LLCRisk Tolerance - Moderate10/31/2017 12:00:00 AM6.30048.06076.30043.90901701Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17010.40000Seek a high total return by allocating across various asset classes to generate income and capital appreciation. To invest in stock, bond, and other ETFs, consisting of various asset classes for diversification. The portfolio will normally maintain a neutral mix of 60% in stock, 35% bond, and 5% in short-term or cash equivalents. 0.5522
ModelxChangeBox Financial Advisors, LLCTarget Date 202010/31/2017 12:00:00 AM5.18646.95225.18643.53281706Target Date 2015-2029https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17060.35000Seek a high total return until the target retirement year is reached, by allocating across various asset classes to generate income and capital appreciation. To invest in stock, bond, and other ETFs, consisting of various asset classes for diversification in order to achieve proper growth given the relative time frame. The portfolio mix will change over time until after the retirement date, at which time the fund will replicate the Risk Tolerance – Conservative model mix.0.4946
ModelxChangeBox Financial Advisors, LLCTarget Date 202510/31/2017 12:00:00 AM8.540410.57808.54043.58501707Target Date 2015-2029https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17070.40000Seek a high total return until the target retirement year is reached, by allocating across various asset classes to generate income and capital appreciation. To invest in stock, bond, and other ETFs, consisting of various asset classes for diversification in order to achieve proper growth given the relative time frame. The portfolio mix will change over time until after the retirement date, at which time the fund will replicate the Risk Tolerance – Conservative model mix.0.5559
ModelxChangeBox Financial Advisors, LLCTarget Date 203010/31/2017 12:00:00 AM8.903310.85648.90334.00461741Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17410.45000Seek a high total return until the target retirement year is reached, by allocating across various asset classes to generate income and capital appreciation. To invest in stock, bond, and other ETF’s, consisting of various asset classes for diversification in order to achieve proper growth given the relative time frame. The portfolio mix will change over time until after the retirement date, in which the fund will replicate the Risk Tolerance – Conservative model mix.0.6141
ModelxChangeBox Financial Advisors, LLCTarget Date 203510/31/2017 12:00:00 AM7.84289.26017.84283.38461742Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17420.45000Seek a high total return until the target retirement year is reached, by allocating across various asset classes to generate income and capital appreciation. To invest in stock, bond, and other ETFs, consisting of various asset classes for diversification in order to achieve proper growth given the relative time frame. The portfolio mix will change over time until after the retirement date, at which time the fund will replicate the Risk Tolerance – Conservative model mix.0.6147
ModelxChangeBox Financial Advisors, LLCTarget Date 204010/31/2017 12:00:00 AM9.730911.45019.73091743Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17430.45000Seek a high total return until the target retirement year is reached, by allocating across various asset classes to generate income and capital appreciation. To invest in stock, bond, and other ETFs, consisting of various asset classes for diversification in order to achieve proper growth given the relative time frame. The portfolio mix will change over time until after the retirement date, at which time the fund will replicate the Risk Tolerance – Conservative model mix.0.6155
ModelxChangeBox Financial Advisors, LLCTarget Date 204510/31/2017 12:00:00 AM10.700213.093610.70023.83241744Target Date 2041-2045https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17440.04500Seek a high total return until the target retirement year is reached, by allocating across various asset classes to generate income and capital appreciation. To invest in stock, bond, and other ETFs, consisting of various asset classes for diversification in order to achieve proper growth given the relative time frame. The portfolio mix will change over time until after the retirement date, at which time the fund will replicate the Risk Tolerance – Conservative model mix.0.2108
ModelxChangeBox Financial Advisors, LLCTarget Date 2050+10/31/2017 12:00:00 AM11.048313.367811.04834.24111745Target Date 2050+https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17450.04500Seek a high total return until the target retirement year is reached, by allocating across various asset classes to generate income and capital appreciation. To invest in stock, bond, and other ETFs, consisting of various asset classes for diversification in order to achieve proper growth given the relative time frame. The portfolio mix will change over time until after the retirement date, at which time the fund will replicate the Risk Tolerance – Conservative model mix.0.2083
ModelxChangeBrinker CapitalBrinker Capital Destinations ETFh Moderate10/31/2017 12:00:00 AM11.271613.61046.07027.684511.27167.3459-0.65446.051313.35779.75276.085.860.941.2532Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL320.35000The Brinker Capital Destinations ETFh Moderate Asset Allocation Strategy seeks to provide long-term growth of capital with a moderate level of volatility. Typically equity is emphasized, but there will be a meaningful allocation to fixed income and exposure to alternative asset classes. It is designed for qualified investments. Investors should realize that the emphasis on equity will likely produce a higher level of volatility. The emphasis of the portfolio’s allocation will generally be to equities while a substantial commitment to fixed income is maintained to reduce volatility. The domestic equity allocation has an emphasis on large cap securities, with smaller allocations to mid and small cap. Modest commitments to international equities and alternative investments, such as real assets, absolute return and private equity, are maintained. The fixed income allocation will be divided into various fixed income sub-asset classes, including high-yield, intermediate and shortterm bonds, as well as international fixed income. Most asset class and subasset class exposures will be accessed through exchange traded funds (ETF); however, mutual funds will be used where appropriate ETFs are not available or where we believe active management has a significant competitive advantage. 0.01650.6298
ModelxChangeBrinker CapitalBrinker Capital Destinations Aggressive10/31/2017 12:00:00 AM13.867716.41686.74719.781513.86777.5130-0.41154.954421.360514.49148.237.740.791.2217Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL170.35000The Aggressive - Qualified Asset Allocation Strategy seeksto maximize long-term capital appreciation. Typically, majority of the portfolio will be allocated to equity, with smaller allocations to fixed income and alternative asset classes. It is designed for qualified investments. Investors should realize that the equity emphasis will likely produce a high level of volatility. The portfolio’s allocation will generally emphasize equity. Small positions in fixed income and real estate will be maintained. The domestic equity allocation has an emphasis on large cap securities, with smaller allocations to mid and small cap. A modest commitment to international equity and alternative investments, such as real assets, absolute return and private equity, will be maintained. Various fixed income sub-classes will be represented in the portfolio. 0.18570.13441.4454
ModelxChangeBrinker CapitalBrinker Capital Destinations Aggressive Equity10/31/2017 12:00:00 AM16.453519.51048.009811.882816.45357.29280.52816.559026.963615.77599.679.160.811.2518Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL180.35000The Aggressive Equity - Qualified Asset Allocation Strategy seeks to maximize long-term capital appreciation. Typically the majority of the portfolio will be allocated to equity, with a smaller allocation to alternative asset classes. It is designed for qualified investments. Investors should realize that the equity emphasis will likely produce a very high level of volatility. The portfolio’s allocation will emphasize equity. The domestic equity allocation has an emphasis on large cap securities, with smaller allocations to mid and small cap. A substantial commitment to international equity will be maintained. A small allocation will typically be made to alternative investments such as real assets, absolute return and private equity. 0.19120.15341.4131
ModelxChangeBrinker CapitalBrinker Capital Destinations Conservative10/31/2017 12:00:00 AM6.42106.54113.37644.19116.42105.1817-0.88743.87055.37159.24093.423.320.881.1812Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL120.35000The Conservative - Qualified Asset Allocation Strategy seeks to provide low volatility with some growth potential. Typically it is a predominantly fixed income portfolio with an equity component and exposure to alternative asset classes. It is designed for qualified investments. Investors should understand that although this allocation provides low volatility, it is still subject to a potential loss of principal. The core of the portfolio is invested in taxable fixed income. Substantial positions may be taken in corporate bonds, mortgage-backed securities, U.S. Treasury and Agency securities, TIPS and international fixed income investments. A relatively small allocation is made to various domestic equity sub-classes, as well as international equities and alternative investments such as real assets and absolute return.0.19730.07141.2597
ModelxChangeBrinker CapitalBrinker Capital Destinations Defensive10/31/2017 12:00:00 AM3.85363.53983.853627Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL270.35000The Defensive - Qualified Asset Allocation Strategy is a predominately fixed income portfolio with a small equity component and some exposure to alternative asset classes. It is designed for qualified investments. Investors should understand that although this allocation provides low volatility, it is still subject to a potential loss of principal. The asset classes and sub-classes that comprise this portfolio seek to provide a current income stream with some inflation protection. The core of the portfolio is invested in taxable fixed income. Substantial positions may be taken in corporate bonds, mortgage-backed securities, U.S. Treasury and Agency securities, TIPS and international fixed income investments. A relatively small allocation is made to various domestic equity sub-classes, as well as international equities and alternative investments such as real assets and absolute return. 0.17620.03911.2423
ModelxChangeBrinker CapitalBrinker Capital Destinations ETFh Aggressive10/31/2017 12:00:00 AM14.455018.10947.57789.956014.45509.0279-0.86326.863019.052514.13888.117.720.91.2434Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL340.35000The Brinker Capital Destinations ETFh Aggressive Asset Allocation Strategy seeks to maximize longterm capital appreciation. Typically, the portfolio will be heavily allocated to equity, with smaller allocations to fixed income and alternative asset classes. It is designed for qualified investments. Investors should realize that the equity emphasis will likely produce a high level of volatility. The portfolio’s allocation will generally emphasize equity. Small positions in fixed income and real estate will be maintained. The domestic equity allocation has an emphasis on large cap securities, with smaller allocations to mid and small cap. A modest commitment to international equity and alternative investments, such as real assets, absolute return and private equity, will be maintained. Various fixed income sub-classes will be represented in the portfolio. Most asset class and sub-asset class exposures will be accessed through exchange traded funds (ETF); however, mutual funds will be used where appropriate ETFs are not available or where we believe active management has a significant competitive advantage. 0.01530.6103
ModelxChangeBrinker CapitalBrinker Capital Destinations ETFh Aggressive Equity10/31/2017 12:00:00 AM15.428820.09018.172011.452815.42889.8951-0.89877.034924.367713.63349.59.040.841.2235Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL350.35000The Brinker Capital Destinations ETFh Aggressive Equity Asset Allocation Strategy seeks to maximize long-term capital appreciation. Typically, most of the portfolio will be allocated to equity, with a small allocation to alternative asset classes. It is designed for qualified investments. Investors should realize that the equity emphasis will likely produce a very high level of volatility. The portfolio’s allocation will emphasize equity. The domestic equity allocation has an emphasis on large cap securities, with smaller allocations to mid and small cap. A substantial commitment to international equity will be maintained. A small allocation will typically be made to alternative investments such as real assets, absolute return and private equity. Most asset class and sub-asset class exposures will be accessed through exchange traded funds (ETF); however, mutual funds will be used where appropriate ETFs are not available or where we believe active management has a significant competitive advantage. 0.01430.5767
ModelxChangeBrinker CapitalBrinker Capital Destinations ETFh Conservative10/31/2017 12:00:00 AM6.35096.58583.84274.03516.35094.8659-0.06924.84774.23826.77553.113.241.111.1630Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL300.35000The Brinker Capital Destinations ETFh Conservative Asset Allocation Strategy seeks to provide low volatility with some growth potential. Typically it is a predominantly fixed income portfolio with an equity component and exposure to alternative asset classes. It is designed for qualified investments. Investors should understand that although this allocation provides low volatility, it is still subject to a potential loss of principal. The core of the portfolio is invested in domestic fixed income. Substantial positions may be taken in intermediate-term and short-term taxable bonds. Relatively small allocations are made to high-yield and global fixed income investments. A relatively small allocation is made to various domestic equity sub-classes, as well as international equities and alternative investments such as real assets and absolute return Most asset class and sub-asset class exposures will be accessed through exchange traded funds (ETF); however, mutual funds will be used where appropriate ETFs are not available or where we believe active management has a significant competitive advantage. 0.01090.6151
ModelxChangeBrinker CapitalBrinker Capital Destinations ETFh Defensive10/31/2017 12:00:00 AM3.95573.15132.75572.57533.95573.06700.51714.69860.58004.87072.042.231.161.0429Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL290.35000The Brinker Capital Destinations ETFh Defensive Asset Allocation Strategy is a predominately fixed income portfolio with a small equity component and some exposure to alternative asset classes. It is designed for qualified investments. Investors should understand that although this allocation provides low volatility, it is still subject to a potential loss of principal. The asset classes and sub-classes that compromise this portfolio seek to provided a current income stream with some inflation protection. The core of the portfolio is invested in taxable fixed income. Substantial positions my be taken in corporate bonds, mortgage-backed securities, U.S. Treasury and Agency securities, TIPS and international fixed income investments. A relatively small allocation is made to various domestic equity sub-classes, as well as international equities and alternative investments such as real assets and absolute return. Most asset class and sub-asset class exposures will be accessed through exchange traded funds (ETF); however, mutual funds will be used where appropriate ETFs are not available or where we believe active management has a significant competitive advantage.0.01070.6146
ModelxChangeBrinker CapitalBrinker Capital Destinations ETFh Moderately Aggressive10/31/2017 12:00:00 AM13.034816.08567.06799.017813.03488.6691-0.66556.615016.317811.64107.186.850.941.2633Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL330.35000The Brinker Capital Destinations ETFh Moderately Aggressive Asset Allocation Strategy seeks to provide a moderate level of volatility with the opportunity for long-term growth of capital. Typically it has a greater allocation to fixed income than to equity, but there will be a meaningful allocation to equity and exposure to alternative asset classes. It is designed for qualified investments. Investors should understand that the pursuit of these objectives with this allocation will involve a moderate level of principal volatility. The emphasis of the portfolio’s allocation will generally be to fixed income while there is a meaningful allocation for capital appreciation. Substantial positions may be taken in intermediate-term and short-term taxable bonds. Relatively small allocations are made to high-yield and global fixed income. A substantial allocation is made to various domestic equity sub-classes, as well as international equities and alternative investments such as real assets and absolute return. Most asset class and sub-asset class exposures will be accessed through exchange traded funds (ETF); however, mutual funds will be used where the appropriate ETFs are not available or where we believe active management has a significant competitive advantage. 0.01550.6080
ModelxChangeBrinker CapitalBrinker Capital Destinations ETFh Moderately Conservative10/31/2017 12:00:00 AM8.04328.94404.84295.60288.04326.2507-0.13705.36487.30858.65264.114.111.081.2931Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL310.35000The Brinker Capital Destinations ETFh Moderately Conservative Asset Allocation Strategy seeks to provide a moderate level of volatility with the opportunity for long-term growth of capital. Typically it has a greater allocation to fixed income than to equity, but there will be a meaningful allocation to equity and exposure to alternative asset classes. It is designed for qualified investments. Investors should understand that the pursuit of these objectives with this allocation will involve a moderate level of principal volatility. The emphasis of the portfolio’s allocation will generally be to fixed income while there is a meaningful allocation for capital appreciation. Substantial positions may be taken in intermediate-term and short-term taxable bonds. Relatively small allocations are made to high-yield and global fixed income. A substantial allocation is made to various domestic equity sub-classes, as well as international equities and alternative investments such as real assets and absolute return. Most asset class and sub-asset class exposures will be accessed through exchange traded funds (ETF); however, mutual funds will be used where the appropriate ETFs are not available or where we believe active management has a significant competitive advantage. 0.01080.6075
ModelxChangeBrinker CapitalBrinker Capital Destinations Moderate10/31/2017 12:00:00 AM10.750712.33395.39347.649610.75076.6847-0.60574.665315.247812.46836.245.90.811.249Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL90.35000The Moderate - Qualified Asset Allocation Strategy seeks to provide long-term growth of capital with a moderate level of volatility. Typically equity is emphasized, but there will be a meaningful allocation to fixed income and exposure to alternative asset classes. It is designed for qualified investments. Investors should realize that the emphasis on equity will likely produce a higher level of volatility. The emphasis of the portfolio’s allocation will generally be to equities while a substantial commitment to fixed income is maintained to reduce volatility. The domestic equity allocation has an emphasis on large cap securities, with smaller allocations to mid and small cap. Modest commitments to international equities and alternative investments, such as real assets, absolute return and private equity, are maintained. The fixed income allocation will be divided into various fixed income sub-classes, including high-yield, intermediate and short-term bonds, as well as international fixed income. 0.19040.11101.4007
ModelxChangeBrinker CapitalBrinker Capital Destinations Moderately Aggressive10/31/2017 12:00:00 AM12.297314.36026.08408.689212.29737.0471-0.42914.825918.117913.17667.256.810.81.2214Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL140.35000The Moderately Aggressive - Qualified Asset Allocation Strategy seeks to maximize long-term capital appreciation. Typically, equity is substantially emphasized, however a meaningful allocation to fixed income and alternative asset classes is made in an effort to reduce volatility. It is designed for qualified investments. Investors should realize that the substantial emphasis on equity will likely produce a higher level of volatility than a more balanced portfolio. The substantial emphasis of the portfolio’s allocation is on equity. A meaningful allocation to fixed income is maintained. The domestic equity allocation has an emphasis on large cap securities, with smaller allocations to mid and small cap. A commitment to international equity and alternative investments, such as real assets absolute return and private equity, is maintained. A meaningful allocation is made to various sub-classes of fixed income. 0.18690.12301.4215
ModelxChangeBrinker CapitalBrinker Capital Destinations Moderately Conservative10/31/2017 12:00:00 AM7.85608.45444.02605.40667.85605.5878-0.74324.07958.988210.42984.324.160.851.2313Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL130.35000The Moderately Conservative – Qualified Asset Allocation Strategy seeks to provide a moderate level of volatility with the opportunity for long-term growth of capital. Typically it has a greater allocation to fixed income than to equity, but there will be a meaningful allocation to equity and exposure to alternative asset classes. It is designed for qualified investments. Investors should understand that the pursuit of these objectives with this allocation will involve a moderate level of principal volatility. The emphasis of the portfolio’s allocation will generally be to fixed income while there is a meaningful allocation for capital appreciation. Substantial positions may be taken in intermediate-term and short-term taxable bonds. Relatively small allocations are made to high-yield and global fixed income. A substantial allocation is made to various domestic equity sub-classes, as well as international equities and alternative investments such as real assets and absolute return. 0.19800.08611.3108
ModelxChangeCAAS, LLCWealthMark II Aggressive10/31/2017 12:00:00 AM14.795320.667314.79532419Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL24190.25000A diversified portfolio of Mutual Funds and ETFs representing multiple asset classes for an aggressive investor. 0.03300.8467
ModelxChangeCAAS, LLCWealthMark Moderate10/31/2017 12:00:00 AM2376Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL23760.25000A diversified portfolio of Mutual Funds and ETFs representing multiple asset classes for a moderate investor.0.05670.8724
ModelxChangeCAAS, LLCWealthMark Principal Preservation10/31/2017 12:00:00 AM4.41794.63332.36193.37434.41791.53091.17654.66423.79629.01201.92.251.041.382187Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21870.00000The fund seeks to preserve principal while seeking to provide some income and minimal growth. The fund seeks to meet its objective by using a strategic investment approach made up of a diversified allocation of investments designed to meet a conservative income risk profile. The fund allocation will primarily include but is not limited to mutual funds, exchange traded funds and guaranteed insurance/investment contracts. The fund may use inverse funds to add non-correlated asset classes in small percentages for risk mitigation to preserve principal in adverse market conditions.0.01250.4000
ModelxChangeCanterbury Investment ManagementCanterbury Portfolio Thermostat10/31/2017 12:00:00 AM11.763516.22954.94788.384411.76356.4759-5.13445.256623.26926.196.990.751.162833Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28330.50000The objective of the Portfolio Thermostat is twofold: The strategy is built to stabilize and protect the portfolio during high risk and irrational periods for the broader stock markets. The strategy is also built to participate in stock market returns during low risk and efficiently traded periods. The Portfolio Thermostat is a tactical asset allocation portfolio utilizing exchange traded funds (ETFs). The Portfolio Thermostat attempts to create the most efficient portfolio for the current market environment. In low risk environments for stocks the Portfolio Thermostat will "warm" up the portfolio and increase the allocation to stock ETFs. In a high risk and irrational environment for stocks the portfolio will "cool" down its allocation to stock ETFs and increase the allocation to alternative asset classes that are experiencing a low amount of risk but with the potential for upside performance. The portfolio is monitored on a daily basis because markets have the ability to change on a daily basis. 0.9090
ModelxChangeCapital Insight Partners, LLCBalanced10/31/2017 12:00:00 AM11.539013.47674.946811.53908.3127-3.73886.660.71115Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11150.40000This portfolio invests across cash equivalents and global bond, stock and alternative investments. It is appropriate as a QDIA and for investors with a balanced objective. This balanced objective is designed to protect capital through time by diversifying across asset classes. It also seeks growth - primarily through the allocations to stocks. The manager tactically reallocates to balance both objectives through time.0.5153
ModelxChangeCapital Insight Partners, LLCEquity Emphasis10/31/2017 12:00:00 AM12.832915.75985.332912.83299.2385-4.53213.49698.280.621117Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11170.40000This portfolio is majority invested in global stocks. While other asset classes are incorporated, the allocation to stocks will generally be the highest percentage. It is appropriate for those with a higher tolerance to risk. This portfolio generally invests the majority of its assets in global stocks. It seeks growth through capital appreciation. 0.5058
ModelxChangeCapital Insight Partners, LLCFixed Income Emphasis10/31/2017 12:00:00 AM7.66455.12712.99607.66454.6081-2.384450.541116Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11160.40000This portfolio is majority invested in global bonds and alternative assets. While other asset classes are incorporated, the allocation to bonds and alternative assets will generally be the highest percentage. Some examples of alternative assets include real estate, private equity, commodities and currencies. It is appropriate for those with a lower tolerance for risk than our Balanced and Equity Emphasis portfolios. This portfolio generally invests the majority of its assets in global bonds and alternative assets. It seeks less variance and income generation rather than emphasizing capital appreciation.0.5440
ModelxChangeCapital Management Services, Inc.Aggressive Blend10/31/2017 12:00:00 AM5.795412.84844.537110.60705.795413.4543-4.46826.067130.061216.37117.789.120.561.131113Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11130.50000The Aggressive Blend deploys one third allocations to each of these three Portfolios: Long/Short, Leveraged Sector Rotation and Bull/Calendar. Each portfolio adheres to its own strategy. See the Fact Sheets for each of the three Portfolios for detailed information on each. The Aggressive Blend Model and each of the three component Portfolios is managed by CMS Advisors. 0.8103
ModelxChangeCapital Management Services, Inc.All Terrain Growth Model10/31/2017 12:00:00 AM5.889910.92445.88992576Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25760.5000040% -- Long Sector Short • do not go short when the Bull / Bear indicator is in Bull status. • use standard inverse S&P 500 • when long, use sector rotation model 30% -- Max STAR (0% Min / 100% Max) • non-equity position is the aggregate bond index or cash 20% -- Bull / Calendar 10% -- Risk Managed Gold • When not in Gold use Bull / Calendar model 0.21251.6433
ModelxChangeCapital Management Services, Inc.Bull/Bear10/31/2017 12:00:00 AM12.590422.45415.576811.127112.59043.6745-1.588910.211229.38938.35719.779.730.571.111108Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11080.50000The objective of the Bull/Bear Model is to provide exposure to Equities during Cyclical Bull markets, and exposure to Bonds and/or Cash during Cyclical Bear markets. The Bull/Bear Model employs a proprietary Bull-Bear Indicator, built from supply and demand measurements of the US Equity market, to determine whether the US Equity market is in Cyclical Bull or Cyclical Bear status. When in Cyclical Bull status, the Bull/Bear Model is completely invested in Equity positions. When in Cyclical Bear status, the Bull/Bear model is completely invested in Fixed Income/Bond positions. Both Equity and Fixed Income/Bond positions are selected from among low-cost ETF candidates based on performance and relative strength criteria, and are adjusted at least quarterly.0.6087
ModelxChangeCapital Management Services, Inc.Bull/Calendar10/31/2017 12:00:00 AM11.234720.43892.96689.336111.23470.4264-4.464810.350928.21938.14089.569.70.310.951109Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11090.50000The objective of the Bull/Calendar Model is to provide full 100% exposure to Equities during Cyclical Bull markets, and greatly reduced exposure to Equities during Cyclical Bear markets. The Bull/Calendar Model employs a proprietary Bull-Bear Indicator, built from supply and demand measurements of the US Equity market, to determine whether the US Equity market is in Cyclical Bull or Cyclical Bear status. When in Cyclical Bull status, the Bull/Calendar Model is completely invested in Equity positions. When in Cyclical Bear status, the Bull/Calendar model follows the Calendar Effects strategy, as explained in the Fact Sheet for the Calendar Effects Model. Equity positions are selected from among low-cost ETF candidates based on performance and relative strength criteria, and are adjusted at least quarterly when in Cyclical Bull status, and more frequently when in Cyclical Bear status.0.6087
ModelxChangeCapital Management Services, Inc.Calendar Effects10/31/2017 12:00:00 AM4.40801.65482.96843.20194.40801.51652.76131.34813.93115.22947.556.450.370.48718Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL7180.50000The objective of the Calendar Effects Model is to take advantage of the Equity Market anomaly known as "Calendar Effects". Calendar Effects are the tendency of the markets to be positive a much higher percentage of the time than would be randomly expected during certain periods of time defined solely by their position in the calendar. This Model may be suitable for investors with a conservative risk profile, or by investors seeking a strategy with a low correlation to the overall Equity market. The Calendar Effects Model will be out of the Equity Market, and in Fixed Income or Cash positions, except for those periods of time determined by CMS analysis to qualify as "Calendar Effects" periods. During "Calendar Effects" periods, the Model is 100% invested in low-cost ETFs selected on the basis of performance and relative strength criteria. Typically, there will be 12 to 14 such periods in a Calendar Year, totaling 70-80 market days (28% - 32% Equity Market time-weighted exposure in a typical year containing 252 market days).0.5908
ModelxChangeCapital Management Services, Inc.Conservative Blend10/31/2017 12:00:00 AM7.75209.19192.86515.54527.75203.2069-3.57397.858610.99116.61834.534.480.561.171111Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11110.50000The objective of the Conservative Blend Model is to combine the benefits of three independent Specialty Portfolios: Calendar Effects, Bull/Bear and Multi-Sector Bond. The Conservative Blend is intended to produce results that are smoother and with fewer significant drawdowns than the individual portfolios. The Conservative Blend deploys allocates one third to each of these three Portfolios: Calendar Effects, Bull/Bear and Multi-Sector Bond. Each portfolio adheres to its own strategy. See the Fact Sheets for each of the three Portfolios for detailed information on each. The Conservative Blend Model and each of the three component Portfolios is managed by CMS Advisors. 0.7317
ModelxChangeCapital Management Services, Inc.Conservative/Moderate Blend10/31/2017 12:00:00 AM5.02976.58793.25416.08475.02978.0662-3.50875.078713.754010.50234.384.760.671.211043Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL10430.50000The objective of the Conservative/Moderate Blend Model is to combine the benefits of four independent Specialty Portfolios: Calendar Effects, Sector Rotation, Long/Cash and Multi-Sector Bond. The Conservative/Moderate Blend is intended to produce results that are smoother and with fewer significant drawdowns than the individual portfolios. The Conservative/Moderate Blend deploys 25% allocations to each of these four Portfolios: Calendar Effects, Sector Rotation, Long/Cash and Multi-Sector Bond. Each portfolio adheres to its own strategy. See the Fact Sheets for each of the four Portfolios for detailed information on each. The Conservative/Moderate Blend Model and each of the four component Portfolios is managed by CMS Advisors.0.7661
ModelxChangeCapital Management Services, Inc.Leveraged Sector Rotation10/31/2017 12:00:00 AM-6.05780.8555-1.77509.5759-6.057810.8800-10.651915.746742.95689.450011.2613.21-0.140.741275Miscellaneous Sectorhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL12750.50000The objective of the Leveraged Sector Rotation Model is to provide leveraged exposure to US Equity Sectors during quarters deemed to be low-risk, and unleveraged exposure to Bond Sectors during quarters deemed to be high-risk. Leverage for equity sectors is targeted at 1.5x. The Leveraged Sector Rotation Model employs leveraged domestic Equity sector investments or unleveraged multi-sector Bond investments. Each quarter, a determination is made whether to use Equity sectors or Bond sectors, based on a measurement of the risk environment. When a quarter is determined to higher-risk, Bond sectors are used; when a quarter is determined to be lower-risk, Equity sectors are used. All sectors, whether Equity or Bond, are selected for inclusion in the Leveraged Sector Rotation Model on the basis of performance ratings, based on momentum, relative strength and other measurements of recent past performance. Reallocation is monthly when using Equity sectors, and quarterly when using Bond sectors. Leverage is capped at 1.5x, typically through the use of reduced allocations to ETFs that have a 2x leverage built in.1.2144
ModelxChangeCapital Management Services, Inc.Long Leveraged Sector/Leveraged Short10/31/2017 12:00:00 AM2375Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL23750.50000The Long Leveraged Sector/Leveraged Short Model employs leveraged domestic Equity sector investments, unleveraged multi-sector Bond investments, and leveraged inverse S&P 500 investments. The Model attempts to profit from intermediate-term (weeks to months) declines in the markets by switching from long-only positions to a 100% position in a leveraged 2 Beta inverse S&P 500 position during periods determined to be in intermediate-term declines. When a quarter is determined to higher-risk, Bond sectors are used; when a quarter is determined to be lower-risk, Equity sectors are used. All sectors, whether Equity or Bond, are selected for inclusion in the Leveraged Sector Rotation Model on the basis of performance ratings, based on momentum, relative strength and other measurements of recent past performance. Reallocation is monthly when using Equity sectors, and quarterly when using Bond sectors. Leverage when long is capped at 1.5x, typically through the use of reduced allocations to ET1.2125
ModelxChangeCapital Management Services, Inc.Long/Cash10/31/2017 12:00:00 AM2.82676.95466.245410.08602.826716.90410.77101.758723.769224.05478.218.930.731.1969Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL9690.50000The objective of the Long/Cash Model is to achieve above-average returns by investing in high-performing US and International candidate ETFs, and by avoiding the bulk of intermediate-term (weeks to months) declines in the markets. The Long/Cash Model exits all equity positions and invests in cash and cash-equivalents during intermediate-term declines in the equity markets. The identification of intermediate-term declines is achieved by using a proprietary measurement of the spread or contraction of demand within 36 sectors in the US equity market. When invested, the Long/Cash Model uses US and International positions. The US positions include both stylebox and sector investments, and always represent the majority of the Model's investments. Selections are made from low-cost ETFs, and are based on momentum, relative strength and other performance measurements. Quarterly reallocations are performed when the Long/Cash Model is in the market.0.6087
ModelxChangeCapital Management Services, Inc.Long/Short10/31/2017 12:00:00 AM-4.4928-2.61033.45566.5671-4.492822.6910-0.0708-8.170718.613232.010711.812.020.310.571103Long/Short Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11030.50000The objective of the Long/Short Model is to achieve above-average returns by investing in high-performing US and International candidate ETFs during intermediate-term (weeks to months) uptrends in the US market, and by investing in inverse S&P500 ETFs during intermediate-term declines in the US market. The Long/Short Model exits all Long positions and invests 100% in inverse S&P 500 ETFs during intermediate-term declines in the equity markets. The identification of intermediate-term declines is achieved by using a proprietary measurement of the spread or contraction of demand within 36 sectors in the US equity market. When invested Long, the Long/Short Model uses US and International positions. The US positions include both stylebox and sector investments, and always represent the majority of the Model's Long investments. Selections are made from low-cost ETFs, and are based on momentum, relative strength and other performance measurements. Quarterly reallocations are performed when the Long/Short Model is positioned Long in the market. 0.6087
ModelxChangeCapital Management Services, Inc.LongSector/Short10/31/2017 12:00:00 AM-4.9283-3.3661-4.25912.0305-4.92832.2801-3.6637-4.085016.492422.718510.6211.36-0.390.211775Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL17750.50000The objective of the LongSector/Short Model is to achieve above-average returns by investing in high-performing US Sector ETFs during intermediate-term (weeks to months) uptrends in the US market, and by investing in an inverse S&P500 ETF during intermediate-term declines. The LongSector/Short Model exits all equity positions and invests 100% in an inverse S&P 500 ETF during intermediate-term declines in the equity markets. The identification of intermediate-term declines is achieved by using a proprietary measurement of the spread or contraction of demand within 36 sectors in the US equity market. When invested Long, the LongSector/Short Model uses US Sector positions. Selections are made from low-cost ETFs, and are based on momentum, relative strength and other performance measurements. Monthly reallocations are performed when the LongSector/Short Model is Long the market.0.8650
ModelxChangeCapital Management Services, Inc.Moderate/Aggressive Blend10/31/2017 12:00:00 AM3.80364.82992.49825.58163.80368.4911-3.65524.230912.540212.33244.695.140.471.041112Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11120.50000The objective of the Moderate/Aggressive Blend Model is to combine the benefits of four independent Specialty Portfolios: Calendar Effects, Sector Rotation, Long/Short and Multi-Sector Bond. The Moderate/Aggressive Blend is intended to produce results that are smoother and with fewer significant drawdowns than the individual portfolios. The Moderate/Aggressive Blend deploys 25% allocations to each of these four Portfolios: Calendar Effects, Sector Rotation, Long/Short and Multi-Sector Bond. Each portfolio adheres to its own strategy. See the Fact Sheets for each of the four Portfolios for detailed information on each. The Moderate/Aggressive Blend Model and each of the four component Portfolios is managed by CMS Advisors. 0.7661
ModelxChangeCapital Management Services, Inc.Moderate/Aggressive Blend - All Equity10/31/2017 12:00:00 AM5.56828.97284.36748.01565.568211.1514-2.92234.696219.250211.14626.046.610.681.171287Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL12870.50000The objective of the Moderate/Aggressive Blend - All Equity Model is to combine the benefits of four independent Specialty Portfolios: Calendar Effects, Sector Rotation, Long/Short and Bull/Calendar. The Moderate/Aggressive Blend - All Equity is intended to produce results that are smoother and with fewer significant drawdowns than the individual portfolios. This Model is 100% Equity, with no fixed income/bond components. The Moderate/Aggressive Blend - All Equity deploys 25% allocations to each of these four Portfolios: Calendar Effects, Sector Rotation, Long/Short and Bull/Calendar. Each portfolio adheres to its own strategy. See the Fact Sheets for each of the four Portfolios for detailed information on each. The Moderate/Aggressive Blend - All Equity Model and each of the four component Portfolios is managed by CMS Advisors. 0.6683
ModelxChangeCapital Management Services, Inc.Multi-Sector Bond10/31/2017 12:00:00 AM4.43624.07304.04023.32484.43628.4699-1.49937.0102-1.83915.63014.574.070.810.76968Multisector Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL9680.50000The objective of the Multi-Sector Bond Model is to provide exposure to multiple high-performing sectors of the Bond asset class. The Multi-Sector Bond Model is reallocated quarterly. Up to three Bond sector ETFs are selected each quarter for inclusion in the Model portfolio. The quarterly selection of Bond sectors is made from among low-cost ETFs on the basis of momentum, relative strength and other performance measurements.1.0000
ModelxChangeCapital Management Services, Inc.Risk-Managed Gold or Bull/Calendar Model10/31/2017 12:00:00 AM2.4599-3.37162.45992374Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL23740.50000The Risk-Managed Gold Model is a longer-term low-activity Model whose goal is to identify and invest in longer-term uptrends in Gold, while managing the risk of investing in this highly volatile commodity by identifying and avoiding its longer-term downtrends. Trends are identified by the proprietary Gold Trend Strength Indicator. When gold is in a downtrend, funds are invested productively in the CMS Bull/Calendar model. When the Risk-Managed Gold Model's Trend Strength Indicator is positive (above zero), 100% of funds are invested in shares of GLD, the leading gold-holding ETF. When the Gold Trend Strength Indicator is negative (below zero), 100% of funds are invested in the Bull/Calendar Model (an all-equity model).0.9000
ModelxChangeCapital Management Services, Inc.Risk-Managed High Equity10/31/2017 12:00:00 AM11.356619.11966.638010.702411.356613.5277-6.06919.665723.83109.26046.957.60.911.35715Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL7150.50000The objective of the Risk-Managed High Equity Model is to provide a "High" level of exposure to the equity markets, and seeks to manage risk by avoiding severe market declines. This Model may be suitable for investors with an aggressive risk profile and/or a longer-term investing horizon. The Risk-Managed High Equity Model employs a 90% maximum Equity exposure during favorable, low-risk market conditions, and a 10% Equity exposure during unfavorable, high-risk market conditions. Favorable or unfavorable conditions are determined quarterly using proprietary market supply and demand measurements and trend analysis. The non-Equity portion of the Model is invested in Fixed Income (Bond) positions. Both Equity and Fixed Income positions are selected from among low-cost ETF candidates based on performance and relative strength criteria, and are adjusted at least quarterly. The Risk-Managed High Equity Model has been awarded the DALBAR QDIA Validation each year since 2014, certifying that the Risk-Managed High Equity Model is suitable for use as a Qualified Default Investment Alternative and meets all the ERISA requirements applicable to QDIAs. In addition, the Risk-Managed High Equity Model was awarded all “A” (highest) rankings in the separate DALBAR Asset Allocator analysis. The DALBAR QDIA Validation is recognized as a primary means for plan sponsors and advisors to satisfy the ERISA requirements for due diligence and analysis of QDIAs used in their plans.0.6028
ModelxChangeCapital Management Services, Inc.Risk-Managed Low Equity10/31/2017 12:00:00 AM5.30005.67692.77114.78085.30005.4594-2.98924.931910.75675.27842.934.010.821.13717Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL7170.50000The objective of the Risk-Managed Low Equity Model is to provide a "Low" level of exposure to the equity markets, and seeks to manage risk by avoiding severe market declines. This Model may be suitable for investors with a conservative risk profile and/or a shorter-term investing horizon. The Risk-Managed Low Equity Model employs a 30% maximum Equity exposure during favorable, low-risk market conditions, and a 10% Equity exposure during unfavorable, high-risk market conditions. Favorable or unfavorable conditions are determined quarterly using proprietary market supply and demand measurements and trend analysis. The non-Equity portion of the Model is invested in Fixed Income (Bond) positions. Both Equity and Fixed Income positions are selected from among low-cost ETF candidates based on performance and relative strength criteria, and are adjusted at least quarterly. The Risk-Managed Low Equity Model has been awarded the DALBAR QDIA Validation annually since 2014, certifying that the Risk-Managed Low Equity Model is suitable for use as a Qualified Default Investment Alternative and meets all the ERISA requirements applicable to QDIAs. In addition, the Risk-Managed Low Equity Model was awarded all “A” (highest) rankings in the separate DALBAR Asset Allocator analysis. The DALBAR QDIA Validation is recognized as a primary means for plan sponsors and advisors to satisfy the ERISA requirements for due diligence and analysis of QDIAs used in their plans.0.5676
ModelxChangeCapital Management Services, Inc.Risk-Managed Medium Equity10/31/2017 12:00:00 AM8.342212.30934.84157.22328.342210.0772-4.79087.321715.20046.24404.635.190.961.33716Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL7160.50000The objective of the Risk-Managed Medium Equity Model is to provide a "Medium" level of exposure to the equity markets, and seeks to manage risk by avoiding severe market declines. This Model may be suitable for investors with a moderate risk profile and/or a medium-term investing horizon. The Risk-Managed Medium Equity Model employs a 60% maximum Equity exposure during favorable, low-risk market conditions, and a 10% Equity exposure during unfavorable, high-risk market conditions. Favorable or unfavorable conditions are determined quarterly using proprietary market supply and demand measurements and trend analysis. The non-Equity portion of the Model is invested in Fixed Income (Bond) positions. Both Equity and Fixed Income positions are selected from among low-cost ETF candidates based on performance and relative strength criteria, and are adjusted at least quarterly. The Risk-Managed Medium Equity Model has been awarded the DALBAR QDIA Validation each year since 2014, certifying that the Risk-Managed Medium Equity Model is suitable for use as a Qualified Default Investment Alternative and meets all the ERISA requirements applicable to QDIAs. In addition, the Risk-Managed Medium Equity Model was awarded all “A” (highest) rankings in the separate DALBAR Asset Allocator analysis. The DALBAR QDIA Validation is recognized as a primary means for plan sponsors and advisors to satisfy the ERISA requirements for due diligence and analysis of QDIAs used in their plans.0.5852
ModelxChangeCapital Management Services, Inc.Sector Rotation10/31/2017 12:00:00 AM8.135115.31115.215511.42318.13519.8110-4.029914.333229.20517.37647.248.370.691.31967Miscellaneous Sectorhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL9670.50000The objective of the Sector Rotation Model is to provide exposure to US Equity Sectors during quarters deemed to be low-risk, and to Bond Sectors during quarters deemed to be high-risk. A risk determination is made at the beginning of each quarter. If the quarter is deemed to be low-risk, then US Equity Sectors are selected for the Model, reallocated monthly during the quarter. If the quarter is deemed to be high-risk, then Bond Sectors are selected for the Model, and held for the duration of the quarter. Both Equity and Bond Sector positions are selected from among low-cost ETF candidates based on performance and relative strength criteria.0.8650
ModelxChangeCapital Management Services, Inc.STAR Min/Max 0/10010/31/2017 12:00:00 AM11.162320.30256.057511.396611.162314.1572-8.233010.316229.061110.06497.778.590.751.282252Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL22520.50000The objective of the STAR Min/Max 0/100 Model is to provide a 100% exposure to the equity markets when the model's risk management indicators favor equities, and seeks to manage risk by exiting equity positions altogether when the model's risk-management indicators sense the risk of a severe market declines This Model may be suitable for investors with an aggressive risk profile and/or a longer-term investing horizon. The STAR Min/Max 0/100 Model employs a full 100% Equity exposure during favorable, lower-risk market conditions, and a 0% Equity/100% Fixed Income exposure during unfavorable, higher-risk market conditions. Favorable or unfavorable conditions are determined quarterly using proprietary market supply and demand measurements and trend analysis. Both Equity and Fixed Income positions are selected from among low-cost ETF candidates based on performance and relative strength criteria, and are adjusted at least quarterly. 0.6087
ModelxChangeClark Capital Management GroupNavigator Alternative1144Multialternativehttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11440.50000The Investment Objective of the Core allocation is broad diversification of alternative investment strategies that seeks absolute return from income and capital appreciation, regardless of the direction of the securities markets. The core allocation is implemented primarily with mutual funds for liquidity. The Investment Objective of the Explore allocation is long and short tactical alternative exposure seeking alpha opportunities. The explore allocation is implemented primarily with exchange traded funds. The Core allocation represents 20-60% of the total portfolio. Strategies included in Core are: Market Neutral, Multi-Strategy, Managed Futures, Hedged Equity, Enhanced Equity and Strategic Income. The Explore allocation represents 40-80% of the total portfolio. Strategies included in Explore are: Equity, Fixed Income, Commodities, Currencies, Precious Metals and Real Estate. 0.04901.4589
ModelxChangeClark Capital Management GroupNavigator Fixed Income Total Return10/31/2017 12:00:00 AM5.48727.35565.76504.81555.487216.7828-2.5236-1.49645.02549.58334.414.51.211.01101High Yield Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1010.50000The Navigator Fixed Income Total Return strategy is designed in an effort to deliver excess alpha over a full market cycle measured against Barclays Capital U.S. Corporate High Yield Bond Index. The strategy seeks total return with a secondary goal of current income. The Navigator Fixed Income Total Return strategy is designed in an effort to deliver excess alpha over a full market cycle measured against Barclays Capital U.S. Corporate High Yield Bond Index. The strategy seeks total return with a secondary goal of current income. The strategy utilizes a disciplined, quantitative relative strength research process that targets opportunistic fixed income exposure in three areas: high yield bonds, high quality government and corporate bonds and short term treasuries. Based upon Clark Capital's research, the strategy dynamically allocates to the fixed income sector and yield curve area that is believed to be exhibiting superior relative strength. The strategy is designed to be a disciplined pursuit of alpha, with concentrated allocations to the favored fixed income sector. Portfolios are implemented with exchange traded funds. The portfolio is continuously monitored and adjusted in response to changing market conditions and emerging opportunities. 0.9393
ModelxChangeClark Capital Management GroupNavigator Global Balanced 20-80 Hedged10/31/2017 12:00:00 AM6.23668.64655.18245.01116.236614.5374-3.01691.40795.24249.01154.144.321.151.1106Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1060.50000The Navigator Global Balanced 20-80 Hedged strategy seeks to provide low volatility exposure to the global markets combined with a tactical fixed income allocation for current income. The strategy combines a 20% allocation of the Navigator Global Equity ETF Hedged strategy with an 80% allocation of the Navigator Fixed Income Total Return portfolio. Equity Allocation Investment Strategy The investment process begins with a disciplined, quantitative analysis of relative strength across three subsets of the global equity markets: 1. U.S. market capitalizations and styles 2. Industry sectors and sub-groups 3. International countries and regions. A strategic hedge is employed utilizing volatility as an asset class through the ownership of exchange traded products based on the CBOE S&P 500 Volatility Index (VIX). The portfolio will maintain an allocation to volatility in all market environments without market timing influences. The hedge will be opportunistically managed in an effort to minimize portfolio drag and take advantage of volatility spikes. Fixed Income Allocation Investment Strategy The Navigator Fixed Income Total Return strategy is designed in an effort to deliver excess alpha over a full market cycle measured against Barclays Capital U.S. Corporate High Yield Bond Index. The strategy seeks total return with a secondary goal of current income. The strategy utilizes a disciplined, quantitative relative strength research process that targets opportunistic fixed income exposure in three areas: high yield bonds, high quality government and corporate bonds and short term treasuries. Based upon Clark Capital's research, the strategy dynamically allocates to the fixed income sector and yield curve area that is believed to be exhibiting superior relative strength. The strategy is designed to be a disciplined pursuit of alpha, with concentrated allocations to the favored fixed income sector. Portfolios are implemented with exchange traded funds. The portfolio is continuously monitored and adjusted in response to changing market conditions and emerging opportunities.1.1302
ModelxChangeClark Capital Management GroupNavigator Global Balanced 40-60 Hedged10/31/2017 12:00:00 AM7.175410.13264.38544.50307.175412.2144-4.32061.03305.88087.27784.54.50.890.95105Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1050.50000 The Navigator Global Balanced 40-60 Hedged strategy seeks to provide low volatility exposure to the global markets combined with a tactical fixed income allocation for current income. The strategy combines a 40% allocation of the Navigator Global Equity ETF Hedged strategy with an 60% allocation of the Navigator Fixed Income Total Return portfolio. Equity Allocation Investment Strategy The investment process begins with a disciplined, quantitative analysis of relative strength across three subsets of the global equity markets: 1. U.S. market capitalizations and styles 2. Industry sectors and sub-groups 3. International countries and regions. A strategic hedge is employed utilizing volatility as an asset class through the ownership of exchange traded products based on the CBOE S&P 500 Volatility Index (VIX). The portfolio will maintain an allocation to volatility in all market environments without market timing influences. The hedge will be opportunistically managed in an effort to minimize portfolio drag and take advantage of volatility spikes. Fixed Income Allocation Investment Strategy The Navigator Fixed Income Total Return strategy is designed in an effort to deliver excess alpha over a full market cycle measured against Barclays Capital U.S. Corporate High Yield Bond Index. The strategy seeks total return with a secondary goal of current income. The strategy utilizes a disciplined, quantitative relative strength research process that targets opportunistic fixed income exposure in three areas: high yield bonds, high quality government and corporate bonds and short term treasuries. Based upon Clark Capital's research, the strategy dynamically allocates to the fixed income sector and yield curve area that is believed to be exhibiting superior relative strength. The strategy is designed to be a disciplined pursuit of alpha, with concentrated allocations to the favored fixed income sector. Portfolios are implemented with exchange traded funds. The portfolio is continuously monitored and adjusted in response to changing market conditions and emerging opportunities.1.3211
ModelxChangeClark Capital Management GroupNavigator Global Balanced 60-40 Hedged10/31/2017 12:00:00 AM7.776511.24739.20467.33017.77659.971610.75801.07226.07924.46889.878.280.90.87104Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1040.50000The Navigator Global Balanced 60-40 Hedged strategy seeks to provide low volatility exposure to the global markets combined with a tactical fixed income allocation for current income. The strategy combines a 60% allocation of the Navigator Global Equity ETF Hedged strategy with an 40% allocation of the Navigator Fixed Income Total Return portfolio. Equity Allocation Investment Strategy The investment process begins with a disciplined, quantitative analysis of relative strength across three subsets of the global equity markets: 1. U.S. market capitalizations and styles 2. Industry sectors and sub-groups 3. International countries and regions. A strategic hedge is employed utilizing volatility as an asset class through the ownership of exchange traded products based on the CBOE S&P 500 Volatility Index (VIX). The portfolio will maintain an allocation to volatility in all market environments without market timing influences. The hedge will be opportunistically managed in an effort to minimize portfolio drag and take advantage of volatility spikes. Fixed Income Allocation Investment Strategy The Navigator Fixed Income Total Return strategy is designed in an effort to deliver excess alpha over a full market cycle measured against Barclays Capital U.S. Corporate High Yield Bond Index. The strategy seeks total return with a secondary goal of current income. The strategy utilizes a disciplined, quantitative relative strength research process that targets opportunistic fixed income exposure in three areas: high yield bonds, high quality government and corporate bonds and short term treasuries. Based upon Clark Capital's research, the strategy dynamically allocates to the fixed income sector and yield curve area that is believed to be exhibiting superior relative strength. The strategy is designed to be a disciplined pursuit of alpha, with concentrated allocations to the favored fixed income sector. Portfolios are implemented with exchange traded funds. The portfolio is continuously monitored and adjusted in response to changing market conditions and emerging opportunities.1.5120
ModelxChangeClark Capital Management GroupNavigator Global Balanced 80-20 Hedged10/31/2017 12:00:00 AM8.475312.52263.45234.35348.47537.5162-4.67460.53709.68472.74615.915.840.540.72103Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1030.50000The Navigator Global Balanced 80-20 Hedged strategy seeks to provide low volatility exposure to the global markets combined with a tactical fixed income allocation for current income. The strategy combines a 80% allocation of the Navigator Global Equity ETF Hedged strategy with an 20% allocation of the Navigator Fixed Income Total Return portfolio. Equity Allocation Investment Strategy The investment process begins with a disciplined, quantitative analysis of relative strength across three subsets of the global equity markets: 1. U.S. market capitalizations and styles 2. Industry sectors and sub-groups 3. International countries and regions. A strategic hedge is employed utilizing volatility as an asset class through the ownership of exchange traded products based on the CBOE S&P 500 Volatility Index (VIX). The portfolio will maintain an allocation to volatility in all market environments without market timing influences. The hedge will be opportunistically managed in an effort to minimize portfolio drag and take advantage of volatility spikes. Fixed Income Allocation Investment Strategy The Navigator Fixed Income Total Return strategy is designed in an effort to deliver excess alpha over a full market cycle measured against Barclays Capital U.S. Corporate High Yield Bond Index. The strategy seeks total return with a secondary goal of current income. The strategy utilizes a disciplined, quantitative relative strength research process that targets opportunistic fixed income exposure in three areas: high yield bonds, high quality government and corporate bonds and short term treasuries. Based upon Clark Capital's research, the strategy dynamically allocates to the fixed income sector and yield curve area that is believed to be exhibiting superior relative strength. The strategy is designed to be a disciplined pursuit of alpha, with concentrated allocations to the favored fixed income sector. Portfolios are implemented with exchange traded funds. The portfolio is continuously monitored and adjusted in response to changing market conditions and emerging opportunities.1.7029
ModelxChangeClark Capital Management GroupNavigator Global Equity ETF28World Stockhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL280.50000The Navigator Global Equity ETF strategy is a global equity asset allocation portfolio designed in an effort to deliver excess alpha over a full market cycle measured against MSCI World Index and the S&P 500. The strategy seeks long-term capital appreciation. Investment Philosophy Our investment philosophy is based on the fundamental belief that the collective wisdom of the market is consistently more accurate than any one investment strategy. The daily action of market participants creates inertia, revealing a directional ebb and flow, which is translated through price. The essence of our research measures the “relative strength” of this movement in price which allows us to adapt to changing themes and is not biased to a traditional style or market capitalization approach. Portfolio Construction The investment process begins with a disciplined, quantitative analysis of relative strength across three subsets of the global equity markets: 1. U.S. market capitalizations and styles 2. Industry sectors and sub-groups 3. International countries and regions. Portfolio Managers systematically measure each security versus every security within a targeted universe. The top two quartiles are then identified as an investable idea and then optimized to separate real trends or themes from “market noise.” Lastly, each buy candidate is analyzed for external events, liquidity constraints and overall diversification needs.0.9172
ModelxChangeClark Capital Management GroupNavigator Global Opportunity102Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1020.50000The Navigator Global Opportunity strategy utilizes an unconstrained global asset allocation policy designed to deliver excess alpha over a full market cycle with low volatility. The strategy's asset allocation policy is focused on both long and short exposure in the following asset classes: U.S. market capitalizations and styles, Industry sectors and sub-groups, International countries and regions, Domestic and foreign fixed income, Commodities/precious metals, Currencies, Volatility and Real Estate. The investment process begins with a disciplined, quantitative analysis of relative strength of the asset class universe to create a macro asset allocation policy. Asset classes are then segmented into sub-asset classes and ranked utilizing relative strength compared to their peers. Top-ranked sub-asset classes are identified as buy candidates and low-ranked sub-asset classes are identified as short ideas. Both are optimized to separate real trends or themes from "market noise." Lastly, each buy candidate is analyzed for external events, liquidity constraints and overall diversification needs.0.9155
ModelxChangeCLS Investments, LLCCLS AdvisorOne Investment Strategy - Aggressive (85-100)45Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL450.00000CLS’s proprietary funds generally use ETFs for a large part of their allocation, but also invest in individual securities. Multiple CLS-managed proprietary funds are used to build the AdvisorOne portfolios. This strategy uses risk budgeting and targets a risk level similar to a 100 percent allocation to a diversified equity benchmark. Aggressive Model (suggested score range: 85-100; suggested age range: 18-25) The Aggressive allocation pursues its objective primarily by seeking growth of capital. This allocation may be appropriate for investors who: - are comfortable with substantial investment risk; - have a long investment time horizon; and - seek to maximize long-term returns while accepting the possibility of significant short-term or even long-term losses.0.40001.5410
ModelxChangeCLS Investments, LLCCLS AdvisorOne Investment Strategy - Conservative (30-44)61Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL610.00000CLS’s proprietary funds generally use ETFs for a large part of their allocation, but also invest in individual securities. Multiple CLS-managed proprietary funds are used to build the AdvisorOne portfolios. This strategy uses risk budgeting and targets a risk level similar to a 50 percent allocation to a diversified equity benchmark. Conservative Model (suggested score range: 30-44; suggested age range: 65 and above) The Conservative allocation pursues its objective by seeking income and, secondarily, long-term growth of capital. This allocation may be appropriate for investors who: - have a relatively short investment time horizon; - have a low tolerance for risk; and primarily seek income from their investment.0.31601.2893
ModelxChangeCLS Investments, LLCCLS AdvisorOne Investment Strategy - Moderate (60-74)59Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL590.00000CLS’s proprietary funds generally use ETFs for a large part of their allocation, but also invest in individual securities. Multiple CLS-managed proprietary funds are used to build the AdvisorOne portfolios. This strategy uses risk budgeting and targets a risk level similar to a 70 percent allocation to a diversified equity benchmark. Moderate Model (suggested score range: 60-74; suggested age range: 39-50) The Moderate allocation pursues its objective primarily by seeking both growth of capital, as well as income. This allocation may be appropriate for investors who: - have a lower tolerance for risk than more aggressive investors; - seek both growth and income from their investment; and - are willing to accept moderate short-term price fluctuations in exchange for potentially higher returns over time.0.37151.4496
ModelxChangeCLS Investments, LLCCLS AdvisorOne Investment Strategy - Moderately Aggressive (75-84)58Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL580.00000CLS’s proprietary funds generally use ETFs for a large part of their allocation, but also invest in individual securities. Multiple CLS-managed proprietary funds are used to build the AdvisorOne portfolios. This strategy uses risk budgeting and targets a risk level similar to a 85 percent allocation to a diversified equity benchmark. Moderately Aggressive Model (suggested score range: 75-84; suggested age range: 26-38) The Moderately Aggressive allocation pursues its objective primarily by seeking growth of capital, as well as income. This allocation may be appropriate for investors who: - are comfortable with significant investment risk; - have a long investment time horizon; - seek additional diversification; and - seek to maximize long-term returns while accepting the possibility of short-term or even long-term losses.0.38801.4961
ModelxChangeCLS Investments, LLCCLS AdvisorOne Investment Strategy - Moderately Conservative (45-59)60Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL600.00000CLS’s proprietary funds generally use ETFs for a large part of their allocation, but also invest in individual securities. Multiple CLS-managed proprietary funds are used to build the AdvisorOne portfolios. This strategy uses risk budgeting and targets a risk level similar to a 60 percent allocation to a diversified equity benchmark. Moderately Conservative Model (suggested score range: 45-59; suggested age range: 51-64) The Moderately Conservative allocation pursues its objective by seeking income and, secondarily, long-term growth of capital. This allocation may be appropriate for investors who: - have a lower tolerance for risk than more aggressive investors; - primarily seek income from their investment; - have a shorter investment time horizon; and - are willing to accept some short-term price fluctuations in exchange for potentially higher income and growth.0.34901.3909
ModelxChangeCLS Investments, LLCCLS AdvisorOne Protection Investment Strategy - Conservative (45-54)64Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL640.20000CLS’s protection models seek to limit the impact that significant market downturns can have on investments. The models also seek growth of capital by aiming for average risk levels similar to either a 70, 60, or 50 percent allocation to a diversified equity benchmark. The models target a 30 percent allocation to a protection fund, with the remainder of the portfolio being allocated to CLS-managed proprietary funds. The AdvisorOne Protection models are designed to help investors who are within 10 years of retirement to prepare for transition to retirement by continuing to allow for wealth accumulation while gradually decreasing the risk of the portfolio and adding a level of protection. AdvisorOne Protection Conservative Model (Suggested score range: 45-54) The AdvisorOne Protection Conservative allocation pursues its objective by seeking income and, secondarily, long-term growth of capital. Approximately 30 percent of your portfolio will be invested in one or more Affiliated Funds designed to provide protection from large equity market declines. This allocation may be appropriate for investors who: - have a relatively short investment time horizon; - have a low tolerance for risk; and - primarily seek income from their investment.0.33401.4961
ModelxChangeCLS Investments, LLCCLS AdvisorOne Protection Investment Strategy - Moderate (65-75)62Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL620.20000CLS’s protection models seek to limit the impact that significant market downturns can have on investments. The models also seek growth of capital by aiming for average risk levels similar to either a 70, 60, or 50 percent allocation to a diversified equity benchmark. The models target a 30 percent allocation to a protection fund, with the remainder of the portfolio being allocated to CLS-managed proprietary funds. The AdvisorOne Protection models are designed to help investors who are within 10 years of retirement to prepare for transition to retirement by continuing to allow for wealth accumulation while gradually decreasing the risk of the portfolio and adding a level of protection. AdvisorOne Protection Moderate Model (Suggested score range: 65-75) The AdvisorOne Protection Moderate allocation pursues its objective primarily by seeking both growth of capital, as well as income. Approximately 30 percent of your portfolio will be invested in one or more Affiliated Funds designed to provide protection from large equity market declines. This allocation may be appropriate for investors who: - have a lower tolerance for risk than more aggressive investors; - seek both growth and income from their investment; and - are willing to accept moderate short-term price fluctuations in exchange for potentially higher returns over time.0.37001.5897
ModelxChangeCLS Investments, LLCCLS AdvisorOne Protection Investment Strategy - Moderately Conservative (55-64)63Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL630.20000CLS’s protection models seek to limit the impact that significant market downturns can have on investments. The models also seek growth of capital by aiming for average risk levels similar to either a 70, 60, or 50 percent allocation to a diversified equity benchmark. The models target a 30 percent allocation to a protection fund, with the remainder of the portfolio being allocated to CLS-managed proprietary funds. The AdvisorOne Protection models are designed to help investors who are within 10 years of retirement to prepare for transition to retirement by continuing to allow for wealth accumulation while gradually decreasing the risk of the portfolio and adding a level of protection. AdvisorOne Protection Moderately Conservative Model (Suggested score range: 55-64) The AdvisorOne Protection Moderately Conservative allocation pursues its objective by seeking income and, secondarily, long-term growth of capital. Approximately 30 percent of your portfolio will be invested in one or more Affiliated Funds designed to provide protection from large equity market declines. This allocation may be appropriate for investors who: - have a lower tolerance for risk than more aggressive investors; - primarily seek income from their investment; - have a shorter investment time horizon; and - are willing to accept some0.35651.5514
ModelxChangeCLS Investments, LLCCLS ETF Investment Strategy - Aggressive 100 (95-100)68Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL680.25000CLS Investments, LLC (“CLS”) uses ETFs in a tactical manner to overweight its portfolios based on capitalization, style, sector, region, quality, and duration in an effort to seek outperformance. This strategy uses risk budgeting and targets a risk level similar to 100 percent allocation to a diversified equity benchmark. ETF Portfolio Aggressive 100 (suggested score range: 100-95) The Aggressive 100 allocation approximates 100% of the risk of a diversified equity portfolio and pursues its objective primarily by seeking growth of capital. This allocation may be appropriate for investors who: - are comfortable with substantial investment risk; - have a long investment time horizon; and - seek to maximize long-term returns while accepting the possibility of significant short-term or even long-term losses.0.5468
ModelxChangeCLS Investments, LLCCLS ETF Investment Strategy - Aggressive 90 (85-94)69Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL690.25000CLS Investments, LLC (“CLS”) uses ETFs in a tactical manner to overweight its portfolios based on capitalization, style, sector, region, quality, and duration in an effort to seek outperformance. This strategy uses risk budgeting and targets a risk level similar to 90 percent allocation to a diversified equity benchmark. ETF Portfolio Aggressive 90 (suggested score range: 94-85) The Aggressive 90 allocation approximates 90% of the risk of a diversified equity portfolio and pursues its objective primarily by seeking growth of capital. This allocation may be appropriate for investors who: - are comfortable with significant investment risk; - have a long investment time horizon; - seek additional diversification; and - seek to maximize long-term returns while accepting the possibility of short-term or even long-term losses.0.5250
ModelxChangeCLS Investments, LLCCLS ETF Investment Strategy - Conservative 30 (30-34)75Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL750.25000CLS Investments, LLC (“CLS”) uses ETFs in a tactical manner to overweight its portfolios based on capitalization, style, sector, region, quality, and duration in an effort to seek outperformance. This strategy uses risk budgeting and targets a risk level similar to 20 percent allocation to a diversified equity benchmark. ETF Portfolio Conservative 30 (Suggested score range: 34-30) Conservative 30 allocation approximates 30% of the risk of a diversified equity portfolio and pursues its objective by seeking income and, secondarily, long-term growth of capital. This allocation may be appropriate for investors who: - have a relatively short investment time horizon; - have a low tolerance for risk; and - primarily seek income from their investment.0.5943
ModelxChangeCLS Investments, LLCCLS ETF Investment Strategy - Moderate 60 (55-64)72Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL720.25000CLS Investments, LLC (“CLS”) uses ETFs in a tactical manner to overweight its portfolios based on capitalization, style, sector, region, quality, and duration in an effort to seek outperformance. This strategy uses risk budgeting and targets a risk level similar to 55 percent allocation to a diversified equity benchmark. ETF Portfolio Moderate 60 (suggested score range: 64-55) Moderate 60 allocation approximates 60% of the risk of a diversified equity portfolio and pursues its objective by seeking both growth of capital, as well as income. This allocation may be appropriate for investors who: - have a lower tolerance for risk than more aggressive investors; - have a relatively short investment time horizon; and - seek both growth and income from their investment.0.5559
ModelxChangeCLS Investments, LLCCLS ETF Investment Strategy - Moderate 70 (65-74)71Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL710.25000CLS Investments, LLC (“CLS”) uses ETFs in a tactical manner to overweight its portfolios based on capitalization, style, sector, region, quality, and duration in an effort to seek outperformance. This strategy uses risk budgeting and targets a risk level similar to 65 percent allocation to a diversified equity benchmark. CLS Investments, LLC (“CLS”) uses ETFs in a tactical manner to overweight its portfolios based on capitalization, style, sector, region, quality, and duration in an effort to seek outperformance. This strategy uses risk budgeting and targets a risk level similar to 65 percent allocation to a diversified equity benchmark.0.5584
ModelxChangeCLS Investments, LLCCLS ETF Investment Strategy - Moderately Aggressive 80 (75-84)70Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL700.25000CLS Investments, LLC (“CLS”) uses ETFs in a tactical manner to overweight its portfolios based on capitalization, style, sector, region, quality, and duration in an effort to seek outperformance. This strategy uses risk budgeting and targets a risk level similar to 75 percent allocation to a diversified equity benchmark. ETF Portfolio Moderately Aggressive 80 (suggested score range: 84-75) The Moderately Aggressive 80 allocation approximates 80% of the risk of a diversified equity portfolio and pursues its objective primarily by seeking both growth of capital, as well as income. This allocation may be appropriate for investors who: - have a lower tolerance for risk than more aggressive investors; - seek both growth and income from their investment; and - are willing to accept moderate short-term price fluctuations in exchange for potentially higher returns over time.0.5431
ModelxChangeCLS Investments, LLCCLS ETF Investment Strategy - Moderately Conservative 40 (35-44)74Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL740.25000CLS Investments, LLC (“CLS”) uses ETFs in a tactical manner to overweight its portfolios based on capitalization, style, sector, region, quality, and duration in an effort to seek outperformance. This strategy uses risk budgeting and targets a risk level similar to 30 percent allocation to a diversified equity benchmark. ETF Portfolio Moderately Conservative 40 (Suggested score range: 44-35) The Moderately Conservative 40 allocation approximates 40% of the risk of a diversified equity portfolio and pursues its objective by seeking income and, secondarily, long-term growth of capital. This allocation may be appropriate for investors who: - have a shorter investment time horizon; - have a low tolerance for risk; - primarily seek income from their investment; and - are willing to accept some short-term price fluctuations in exchange for potentially higher income and growth.0.5971
ModelxChangeCLS Investments, LLCCLS ETF Investment Strategy - Moderately Conservative 50 (45-54)73Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL730.25000CLS Investments, LLC (“CLS”) uses ETFs in a tactical manner to overweight its portfolios based on capitalization, style, sector, region, quality, and duration in an effort to seek outperformance. This strategy uses risk budgeting and targets a risk level similar to 40 percent allocation to a diversified equity benchmark. CLS Investments, LLC (“CLS”) uses ETFs in a tactical manner to overweight its portfolios based on capitalization, style, sector, region, quality, and duration in an effort to seek outperformance. This strategy uses risk budgeting and targets a risk level similar to 40 percent allocation to a diversified equity benchmark.0.5474
ModelxChangeCLS Investments, LLCCLS ETF Target Date 20151672Target Date 2011-2015https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16720.25000The Target Date 2015 approximates 55% of the risk of a diversified equity portfolio and pursues its objective primarily by seeking income and, secondarily, long-term growth of capital. This allocation may be appropriate for investors who: - have a lower tolerance for risk than more aggressive investors; - primarily seek income from their investment; and - are willing to accept some short-term price fluctuations in exchange for potentially higher income and growth. 0.5742
ModelxChangeCLS Investments, LLCCLS ETF Target Date 20201671Target Date 2016-2020https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16710.25000The Target Date 2020 approximates 65% of the risk of a diversified equity portfolio and pursues its objective by seeking both growth of capital, as well as income. This allocation may be appropriate for investors who: - have a lower tolerance for risk than more aggressive investors; - have a relatively short investment time horizon; - seek both growth and income from their investment. 0.5725
ModelxChangeCLS Investments, LLCCLS ETF Target Date 20251670Target Date 2021-2025https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16700.25000The Target Date 2025 approximates 75% of the risk of a diversified equity portfolio and pursues its objective primarily by seeking both growth of capital, as well as income. This allocation may be appropriate for investors who: - have a lower tolerance for risk than more aggressive investors; - seek both growth and income from their investment; and - are willing to accept substantive short-term price fluctuations in exchange for potentially higher returns over time. 0.5561
ModelxChangeCLS Investments, LLCCLS ETF Target Date 20301669Target Date 2026-2030https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16690.25000The Target Date 2030 approximates 80% of the risk of a diversified equity portfolio and pursues its objective primarily by seeking both growth of capital, as well as income. This allocation may be appropriate for investors who: - have a lower tolerance for risk than more aggressive investors; - seek both growth and income from their investment; and - are willing to accept substantive short-term price fluctuations in exchange for potentially higher returns over time. 0.5572
ModelxChangeCLS Investments, LLCCLS ETF Target Date 20351668Target Date 2031-2035https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16680.25000The Target Date 2035 approximates 85% of the risk of a diversified equity portfolio and pursues its objective primarily by seeking both growth of capital, as well as income. This allocation may be appropriate for investors who: - have a lower tolerance for risk than more aggressive investors; - seek both growth and income from their investment; and - are willing to accept substantive short-term price fluctuations in exchange for potentially higher returns over time. 0.5632
ModelxChangeCLS Investments, LLCCLS ETF Target Date 20401667Target Date 2036-2040https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16670.25000The Target Date 2040 allocation approximates 90% of the risk of a diversified equity portfolio and pursues its objective primarily by seeking growth of capital. This allocation may be appropriate for investors who: - are comfortable with significant investment risk; - have a long investment time horizon; - seek additional diversification; and - seek to maximize long-term returns while accepting the possibility of short-term or even long-term losses. 0.5391
ModelxChangeCLS Investments, LLCCLS ETF Target Date 20451666Target Date 2041-2045https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16660.25000The Target Date 2045 allocation approximates 92% of the risk of a diversified equity portfolio and pursues its objective primarily by seeking growth of capital. This allocation may be appropriate for investors who: - are comfortable with significant investment risk; - have a long investment time horizon; - seek additional diversification; and - seek to maximize long-term returns while accepting the possibility of short-term or even long-term losses. 0.5472
ModelxChangeCLS Investments, LLCCLS ETF Target Date 20501665Target Date 2046-2050 https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16650.25000The Target Date 2050 allocation approximates 93% of the risk of a diversified equity portfolio and pursues its objective primarily by seeking growth of capital. This allocation may be appropriate for investors who: - are comfortable with significant investment risk; - have a long investment time horizon; - seek additional diversification; and - seek to maximize long-term returns while accepting the possibility of short-term or even long-term losses. 0.5521
ModelxChangeCLS Investments, LLCCLS ETF Target Date 20551664Target Date 2050+https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16640.25000The Target Date 2055 allocation approximates 95% of the risk of a diversified equity portfolio and pursues its objective primarily by seeking growth of capital. This allocation may be appropriate for investors who: - are comfortable with significant investment risk; - have a long investment time horizon; - seek additional diversification; and - seek to maximize long-term returns while accepting the possibility of short-term or even long-term losses. 0.5540
ModelxChangeCLS Investments, LLCCLS ETF Target Date 20601663Target Date 2050+https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16630.25000The Target Date 2060 allocation approximates 100% of the risk of a diversified equity portfolio and pursues its objective primarily by seeking growth of capital. This allocation may be appropriate for investors who: - are comfortable with substantial investment risk; - have a long investment time horizon; and - seek to maximize long-term returns while accepting the possibility of significant short-term or even long-term losses. 0.5609
ModelxChangeDorsey, Wright & AssociatesDWA Tactical Tilt Aggressive2244Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL22440.30000• Wealth preservation in high risk market environments through overweighting of defensive asset classes. • Wealth accumulation during positive performance trends for an asset class, overweighting offensive options. • Sector rotation within each major asset class exploits leadership trends and mitigates laggard exposure. • Long-term investment returns in excess of strategic asset allocation programs, through timely tactical “tilts” between offense and defense over time. Asset class weightings are applied through sector rotation strategies for each investment category, resulting in portfolios of approximately 15-25 ETFs. The investment range for each strategy is shown below. US Sector and Style - 10% to 80% Intl. Country Rotation - 10% to 30% Tactical Fixed Income - 10% to 40% Tactical Alternative - 0% to 40% Tactical Cash - 1% to 30% 0.8471
ModelxChangeDorsey, Wright & AssociatesDWA Tactical Tilt Conservative2243Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL22430.30000• Wealth preservation in high risk market environments through overweighting of defensive asset classes. • Wealth accumulation during positive performance trends for an asset class, overweighting offensive options. • Sector rotation within each major asset class exploits leadership trends and mitigates laggard exposure. • Long-term investment returns in excess of strategic asset allocation programs, through timely tactical “tilts” between offense and defense over time. Asset class weightings are applied through sector rotation strategies for each investment category, resulting in portfolios of approximately 15-25 ETFs. The investment range for each strategy is shown below. US Sector and Style - 0% to 40% Intl. Country Rotation - 0% to 20% Tactical Fixed Income - 40% to 80% Tactical Alternative - 0% to 20% Tactical Cash - 1% to 50% 0.8168
ModelxChangeDorsey, Wright & AssociatesDWA Tactical Tilt Moderate10/31/2017 12:00:00 AM14.04624.914510.9002-3.08253.248914.731127.16531196Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11960.30000• Wealth preservation in high risk market environments through overweighting of defensive asset classes. • Wealth accumulation during positive performance trends for an asset class, overweighting offensive options. • Sector rotation within each major asset class exploits leadership trends and mitigates laggard exposure. • Long-term investment returns in excess of strategic asset allocation programs, through timely tactical “tilts” between offense and defense over time. Asset class weightings are applied through sector rotation strategies for each investment category, resulting in portfolios of approximately 15-25 ETFs. The investment range for each strategy is shown below: US Sector and Style - 20% to 75% Intl. Country Rotation - 5% to 25% Tactical Fixed Income - 20% to 60% Tactical Alternative - 0% to 20% Tactical Cash - 1% to 33%0.8185
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment Advisors11-19 Year Aggressive10/31/2017 12:00:00 AM9.606114.23545.28728.02549.60619.6604-3.24583.689018.954213.58417.937.780.641203Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL2030.50000Aggressive Growth & Income Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs) 0.6836
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment Advisors11-19 Year Conservative10/31/2017 12:00:00 AM8.882313.05904.84476.90238.88239.0990-3.09682.780915.478312.82317.176.860.640.97201Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL2010.50000Conservative Growth & Income Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs)0.6878
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment Advisors11-19 Year Moderate10/31/2017 12:00:00 AM9.113613.59964.99907.55049.11369.6940-3.46293.295517.697913.80047.557.40.630.99202Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL2020.50000Moderate Growth & Income Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs) 0.6857
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment Advisors2-5 Year Aggressive10/31/2017 12:00:00 AM4.33636.15812.48624.74964.33636.8855-3.41411.793212.845310.99085.595.680.40.8197Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1970.50000Aggressive Income & Growth Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs)0.7232
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment Advisors2-5 Year Conservative10/31/2017 12:00:00 AM3.99745.60302.42343.55603.99746.7400-2.71170.93037.77049.83454.734.560.450.74195Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1950.50000Conservative Income & Growth Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs)0.7273
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment Advisors2-5 Year Moderate10/31/2017 12:00:00 AM4.32806.11772.84934.60524.32807.2933-2.72851.738311.09509.71515.45.350.480.82196Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1960.50000Moderate Income & Growth Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs)0.7253
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment Advisors20+ Year Aggressive10/31/2017 12:00:00 AM10.866715.92305.97479.478310.866710.0274-3.18754.854123.542315.87508.638.650.671.07206Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL2060.50000Aggressive Growth Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs)0.6740
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment Advisors20+ Year Conservative10/31/2017 12:00:00 AM10.189815.00125.19758.222010.18988.5897-3.21704.891919.195515.40298.218.010.611204Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL2040.50000Conservative Growth Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs) 0.6785
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment Advisors20+ Year Moderate10/31/2017 12:00:00 AM10.413915.37055.74189.131210.413910.0470-3.36455.021722.035715.30378.498.420.661.05205Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL2050.50000Moderate Growth Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs)0.6765
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment Advisors6-10 Year Aggressive10/31/2017 12:00:00 AM6.946110.15613.96806.51706.94618.2898-3.21493.243216.070811.49606.686.610.560.95200Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL2000.50000Aggressive Balanced Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs) 0.7033
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment Advisors6-10 Year Conservative10/31/2017 12:00:00 AM6.56549.49344.04885.35236.56548.5453-2.58272.590510.407210.76686.025.720.630.9198Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1980.50000Conservative Balanced Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs)0.7074
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment Advisors6-10 Year Moderate10/31/2017 12:00:00 AM6.81049.91863.84525.97236.81048.2062-3.13852.936913.738912.25156.376.190.570.93199Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1990.50000Moderate Balanced Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs)0.7053
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment AdvisorsTaking Income Aggressive10/31/2017 12:00:00 AM3.36714.58792.24723.32883.36715.9744-2.01451.78156.60178.30094.354.140.450.75194Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1940.50000Aggressive Income Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs)0.7325
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment AdvisorsTaking Income Conservative10/31/2017 12:00:00 AM2.94253.84752.28472.77222.94256.4725-2.06211.03664.86516.21563.723.380.520.75192Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1920.50000Conservative Income Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs)0.7366
ModelxChangeEfficient Market Advisors, a Business of Cantor Fitzgerald Investment AdvisorsTaking Income Moderate10/31/2017 12:00:00 AM2.96754.13181.97232.80492.96756.0439-2.57020.93196.06237.58054.033.780.410.69193Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1930.50000Income Active asset allocation and passive security selection. We believe the primary determinant of a portfolios return is asset allocation. EMA's investment strategy emphasizes top down, macroeconomic research in creating an active asset allocation strategy. This strategy is implemented through our unique time and risk based portfolios. Passive security selection is the use of an index based vehicle to gain diversified exposure to a desired asset class or category. Asset classes and categories may include Stock, Bond, or Alternative based Exchange Traded Funds. (ETFs) 0.7346
ModelxChangeEpic Trust Investment Advisors LLCTraffic Light Trading - Aggressive Allocation2766Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27660.60000 The objective of all the Traffic Light Trading System™ - Aggressive Allocation Strategy is to be our traditional growth portfolio. This means that when all “Traffic Lights are Green” we expect at least 90% of the account to be invested into growth oriented assets (like stocks) and 10% or less invested in income oriented assets (like bonds). Epic Trust Investment Advisors (Epic) manages the Traffic Light Trading System - Aggressive Allocation Strategy. Although this model is generally passive, it has the ability to sell a portion or all of the model holdings and hedge a downward trending security with treasury bonds or cash during unfavorable investment environments. These decisions are made based on the proprietary implementation of two technical indicators that are used in an effort to gauge the overall health of a given security or index. The portfolio model has been built using low cost and broad based index Exchange Traded Funds (ETFs) and in many cases these funds have been specifically selected from their peers for their low cost and high dividend approach.0.9153
ModelxChangeEpic Trust Investment Advisors LLCTraffic Light Trading - Balanced/Moderate Allocation2764Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27640.60000The objective of all the Traffic Light Trading System™ - Balanced/Moderate Allocation Strategy is to be a balanced growth portfolio. This means that when all “Traffic Lights are Green” we expect to be at least 60% of the account to be invested into growth oriented assets (like stocks) and 40% invested income oriented assets (like bonds). Epic Trust Investment Advisors (Epic) manages the Traffic Light Trading System™ - Balanced/Moderate Allocation Strategy. The Traffic Light Trading System™ employs an asset allocation model combined with two technical indicators. The system invests in up to ten different portfolio positions and measures on a monthly basis the overall "health" of each position. When both indicators are positive, this signals a "Green Light" and the model will fully invest it's allotted allocation to that position. When one indicator is negative, this signals a "Yellow Light" and 50% of the allotted allocation is removed and reallocated to other "green light" positions. When both indicators are negative, this signals a "Red Light" and this position is removed from the allocation. Although this model is generally passive, it has the ability to sell a portion or all of the model holdings and hedge a downward trending security with treasury bonds or cash during unfavorable investment environments. These decisions are made based on the proprietary implementation of the “Traffic Lights” on the model securities being used in the strategy. The portfolio model has been built using low cost and broad based index Exchange Traded Funds (ETFs) and in many cases these funds have been specifically selected from their peers for their low cost and high dividend approach.0.9562
ModelxChangeEpic Trust Investment Advisors LLCTraffic Light Trading - Conservative Allocation2765Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27650.60000The objective of all the Traffic Light Trading System™ - Conservative Allocation Strategy is to be a stable growth portfolio focused mainly on income but also on lower portfolio volatility than a more aggressive portfolio. This means that when all “Traffic Lights are Green” we expect to be at least 40% of the account to be invested into growth oriented assets (like stocks) and 60% invested income oriented assets (like bonds). Epic Trust Investment Advisors (Epic) manages the Traffic Light Trading System - Conservative Allocation Strategy. Although this model is generally passive, it has the ability to sell a portion or all of the model holdings and hedge a downward trending security with treasury bonds or cash during unfavorable investment environments. These decisions are made based on the proprietary implementation of two technical indicators that are used in an effort to gauge the overall health of a given security or index. The portfolio model has been built using low cost and broad based index Exchange Traded Funds (ETFs) and in many cases these funds have been specifically selected from their peers for their low cost and high dividend approach. 0.9930
ModelxChangeEpic Trust Investment Advisors LLCTraffic Light Trading - Moderately Aggressive Allocation2713Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27130.60000The objective of all the Traffic Light Trading System™ -Moderate Aggressive Allocation Strategy is to be an “all-weather” growth portfolio. This means that when all “Traffic Lights are Green” we expect to be at least 80% of the account to be invested into growth oriented assets (like stocks) and 20% invested income oriented assets (like bonds). Epic Trust Investment Advisors (Epic) manages the Traffic Light Trading System - Moderate Aggressive Allocation Strategy. Although this model is generally passive, it has the ability to sell a portion or all of the model holdings and hedge a downward trending security with treasury bonds or cash during unfavorable investment environments. These decisions are made based on the proprietary implementation of two technical indicators that are used in an effort to gauge the overall health of a given security or index. The portfolio model has been built using low cost and broad based index Exchange Traded Funds (ETFs) and in many cases these funds have been specifically selected from their peers for their low cost and high dividend approach.0.9200
ModelxChangeETF Model Solutions, LLCEndowment Aggressive Allocation10/31/2017 12:00:00 AM15.418517.211615.41856.18622090Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20900.35000The Endowment Aggressive Allocation seeks to provide long term capital appreciation through a strategic allocation to stocks, bonds and liquid alternatives. This model seeks capital appreciation and growth while reducing overall portfolio volatility by diversifying across 3 primary asset classes (equity, fixed income, and liquid alternatives) utilizing a wide range of asset classes based upon the Endowment Investment Philosophy®. The manager intends to modify the weights of positions from the Endowment Index™, placing greater emphasis on the equity holdings within the portfolio while lessening the bond and alternatives allocations, seeking to maintain a portfolio with an aggressive growth risk-based profile. The manager intends to utilize primarily exchange traded funds (ETFs) to implement the strategy. 0.8345
ModelxChangeETF Model Solutions, LLCEndowment Conservative Allocation10/31/2017 12:00:00 AM9.12349.26269.12345.66502089Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20890.35000The Endowment Conservative Allocation seeks to provide both long term capital appreciation and income through a strategic asset allocation to bonds, stocks and liquid alternatives while maintaining a conservative risk profile. This model seeks to minimize risk and maximize return by diversifying across 3 primary asset classes (equity, fixed income and liquid alternatives) utilizing a wide range of sub-asset classes based upon the Endowment Investment Philosophy®. The manager intends to modify the weights of positions within the Endowment Index™, placing greater emphasis on the cash and fixed income holdings within the portfolio while reducing the allocations to equity and alternatives in an effort to dampen overall portfolio volatility and maintain a portfolio with a conservative risk-based profile. The manager intends to utilize primarily exchange traded funds (ETFs) to implement the strategy.0.8468
ModelxChangeETF Model Solutions, LLCEndowment Moderate Allocation10/31/2017 12:00:00 AM14.176215.925614.17626.02452170Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21700.35000Capital appreciation and growth The manager uses an indexed approach based upon the Endowment Index®, which applies a rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions that collectively manage over $500 billion in total assets. There are over 30,000 underlying securities contained within the 19 sub-indexes within the portfolio. Most investment strategies are two dimensional portfolios comprised of stocks and bonds. The Endowment Moderate Allocation expands its portfolio to include a third dimension by using alternative investments. The primary goal of using alternative investments in a portfolio is to augment the risk-adjusted returns provided by a two dimensional stock-bond portfolio. The manager estimates that the portfolio allocation will generally fall within the following ranges: Growth (30-50%), Income (8-30%), and Risk Managed (40-62%). Growth: This segment of the portfolio includes allocations to global equities, including domestic, international developed, and emerging markets through broad-based exchange traded funds (ETFs). Fixed Income: This segment includes allocations to fixed income securities that can provide a steady source of income and are intended to assist in the reduction of overall portfolio volatility. The manager will primarily utilize ETFs to fulfill the fixed income allocation. Risk Managed: This segment includes allocations to alternative investments like hedge funds, private equity and real assets. This portion of the portfolio is intended to help mitigate overall portfolio volatility (reduce drawdowns), assist in hedging inflation, and providing additional sources of return. The risk-managed portion of the portfolio may include both ETFs and mutual funds. The 2015 target allocation is 36% Equity/51% Alternatives/9% Fixed Income/4% Liquidity. 1.0233
ModelxChangeETF Model Solutions, LLCETF-MS Global Equity Model1185World Stockhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11850.35000The objective of this model is capital appreciation and growth. The model seeks to generate returns that match or exceed those of the MSCI World Index. This model offers a strategic allocation of equity securities utilizing a Core- Satellite passive investment approach. The core of the portfolio will target low-cost, market capitalization-weighted domestic equity ETFs. The satellite portion of the portfolio will target alternative equity indices or actively managed equity income strategies that offer the opportunity to add incremental return or reduce portfolio volatility. Satellite strategies may include international or emerging market stocks, or alternative indexing strategies with fundamental weighting, dividend weighting, volatility weighting, thematic weighting, and others. The manager will utilize an active-passive approach that will overweight core or satellite holdings during various stages of secular equity market cycles. The manager believes that the return component provided by dividends in an equity portfolio become more critical in a low return environment, and offer the opportunity to contribute a higher percentage of overall equity returns. Hence, the manager will have a tendency to overweight to higher dividend-producing equities in an effort to generate improved returns.0.7192
ModelxChangeETF Model Solutions, LLCETF-MS Global Fixed Income Model1217World Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL12170.35000The objective of this model is to generate income by creating a globally-diversified portfolio of exchange-traded funds that invest in fixed-income securities. This model offers a strategic allocation of fixed income securities utilizing a Core-Satellite passive investment approach. The core of the portfolio will target low cost, market capitalization weighted domestic fixed income ETFs. The satellite portion of the portfolio will target alternative fixed-income indices or actively managed fixed income strategies that offer the opportunity to add incremental return or reduce portfolio volatility. Satellite strategies may include international or emerging market bonds (both sovereign and corporates that may be denominated in local or domestic currency, global high yield bonds, senior bank loans, floating rate notes, municipal bonds and others. The manager will utilize an active-passive approach that may overweight core or satellite holdings during various stages of secular interest rate cycles.0.8225
ModelxChangeETF Model Solutions, LLCETF-MS Global Multi-Asset Income Model1234Multisector Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL12340.35000The objective of this model is to generate income and long-term capital appreciation by creating a globally-diversified portfolio of exchange-traded funds that invest in equity, fixed-income, REITs, and other income-generating or hybrid securities. The model will strive to maintain a balance between equity, fixed-income and hybrid securities in an effort to optimize risk-adjusted returns to meet its objectives. This model offers a strategic allocation of fixed income, equity, and hybrid securities utilizing a Core-Satellite passive investment approach. The core of the portfolio will target low-cost, primarily market capitalization-weighted ETFs across four main segments of the market: 1) Global High Income Equities; 2) Global Real Estate Investment Trusts/Master Limited Partnerships; 3) Business Development Companies/Closed End Funds; and, 4) High Yield Fixed Income/Preferred Securities. The satellite portion of the portfolio will target indices or actively managed strategies that offer the opportunity to add incremental return or reduce portfolio volatility. Satellite strategies may include sector/thematic ETFs, mortgage REITs, MLPs, closed end funds, high yield municipal securities, emerging market corporate bonds and short duration high yield bonds, and other securities. The manager will utilize an active-passive approach that will overweight core or satellite holdings during various stages of secular interest rate, economic, and financial-market cycles. 1.3918
ModelxChangeETF Model Solutions, LLCETF-MS Hedge Fund of Funds Model1237Multialternativehttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL12370.35000The objective of this model is to hold liquid alternative funds (primarily mutual funds) that provide a lower cost and a more liquid way to access exposure to hedge fund strategies. Hedge Fund of Funds have generally been illiquid and have been available to institutions and accredited investors at a 3% management fee & a 30% incentive fee cost structure. Due to the proliferation of the liquid alternative strategies offered in 1940 Act funds, it is now possible to build a broadly diversified portfolio of hedge funds that are not only liquid but available at a much lower total cost structure than the 3&30 cost structure. It is expected to produce returns that have a higher correlation to broad hedge fund benchmarks like the HFRX Global Hedge Fund Index at a substantially lower cost. Hedge Fund of Funds have generally been illiquid and have been available to institutions and accredited investors at a 3% management fee & a 30% incentive fee cost structure. Due to the proliferation of the liquid alternative strategies offered in 1940 Act funds, it is now possible to build a broadly diversified portfolio of hedge funds that are not only liquid but available at a much lower total cost structure than the "3&30" cost structure. The model seeks to invest across four main segments of the hedge funds universe: 1) Multi-strategy funds; 2) Arbitrage funds; 3) Event-Driven funds; and, 4) Directional funds. Examples of strategies include Fixed Income Arbitrage, Convertible Bond Arbitrage, Merger Arbitrage, Capital Structure Arbitrage, Equity Long Short, Managed Futures, Momentum, etc.0.21000.11251.8563
ModelxChangeETF Model Solutions, LLCETF-MS Private Equity Model1236Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL12360.35000Private equity is an asset class that is typically underweighted in the average investors portfolio because of the risk involved and, historically investing in private equity required one to have a high net worth and to purchase limited partnerships. The objective of this model is to hold securities that have some resemblance or correlation to the private equity market either directly or indirectly. The model is broadly diversified and has a bias to domestic securities. Publicly traded securities held are proxies for the private equity market. This model seeks to provide a strategic allocation of securities that offer exposure to the private equity asset class by using a Core-Satellite investing approach. Core investments include low cost, primarily market capitalization weighted ETFs across four main segments of the market: 1 ) Listed private equity funds 2) Listed private debt funds 3) Publicly traded traditional proxies for private equity and 4) Publicly traded alternative proxies. The Satellite portion of the portfolio will target ETFs that track alternative indices, add incremental return or reduce portfolio volatility. Satellite strategies may include pre-IPO business development companies, venture debt, convertibles, companies doing buybacks, and other exchange traded or otherwise registered securities or mutual funds that offer entrée into the private equity asset class. The manager will utilize an active-passive approach that will overweight core or satellite holdings during various stages of secular economic and market cycles.1.4324
ModelxChangeETF Model Solutions, LLCETF-MS Real Asset Model1235Inflation-Protected Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL12350.35000The objective of this model is to hold securities that have a higher correlation to inflation and/or own tangible/hard assets. The model seeks to be broadly diversified and has a bias to income producing hard assets. This portfolio is intended to be used as an inflation hedge within an overall portfolio by seeking to produce positive real returns in a higher inflation environment. This model offers a strategic allocation of securities expected to provide a broad exposure to real assets by using a Core-Satellite passive investment approach. The core of the portfolio will target low-cost, primarily market capitalization-weighted ETFs across four main segments of the market: 1) real estate investment trusts; 2) infrastructure/master limited partnerships; 3) commodities & precious metals; and, 4) inflation-linked fixed income. The satellite portion of the portfolio will target alternative indices or actively managed strategies that offer the opportunity to add incremental return or reduce portfolio volatility. Satellite strategies may include dividend weighted ETFs, sector/thematic ETFs, long/flat commodity indices, fixed duration inflation indexed ETFs, actively-managed senior bank loan ETFs, and others. The manager will utilize an active-passive approach that will overweight core or satellite holdings during various stages of secular interest rate, inflation, economic, and financial-market cycles.0.8837
ModelxChangeETF Model Solutions, LLCETF-MS Short Duration Fixed Income Model1218Short-Term Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL12180.35000The objective of this model is to provide an investment alternative that can provide a greater return than can be earned in money market securities, while reducing the volatility that can sometimes be experienced in bonds by limiting the average overall portfolio duration to approximately 3 or less. The manager seeks to maintain an average overall investment grade rating for the entire portfolio. This model offers a diversified, strategic allocation of exchange-traded funds that invest in fixed income securities. The portfolio manager utilizes a Core-Satellite passive investment approach. The core of the portfolio will target low cost, market capitalization weighted domestic fixed income ETFs. The satellite portion of the portfolio will target alternative fixed-income indices or actively managed fixed income strategies that offer the opportunity to add incremental return or reduce portfolio volatility. Satellite strategies may include international or emerging market bonds (both sovereign and corporates that may be denominated in local or domestic currency), short-term domestic and global high yield bonds, senior bank loans, floating rate notes, municipal bonds and others. The manager will utilize an active-passive approach that will overweight core or satellite holdings during various stages of secular interest rate cycles or have a bias towards taking credit risk in low-interest rate/low default rate environments. 0.6780
ModelxChangeFFCM, LLCFFCM Broad Market ETF Sector Rotation10/31/2017 12:00:00 AM2001Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20010.40000FFCM Dynamic U.S. Sector Rotation Strategy is an ETF managed portfolio that aims for superior performance versus the S&P 500, by providing diversified exposure to all 10 U.S. equity sectors, incorporating a hedging strategy to de-risk the portfolio, and moving to cash in times of high market risk to preserve capital. The FFCM Dynamic U.S. Sector Rotation Strategy introduces Factor Exposure, to a traditional Sector Rotation Strategy. Factor ranking within sectors allows the strategy to access well known equity risk premia such as Value, Momentum and Size, and to position the core portfolio to outperform S&P 500 during times of low or normal market volatility. The strategy will introduce a portfolio hedge during the initial stages of increasing risk and then move to cash as risk reaches more extreme levels. All positions will be in ETFs listed on major U.S. stock exchanges. 0.4840
ModelxChangeFFCM, LLCFFCM Hedged Dividend Income10/31/2017 12:00:00 AM2845Long/Short Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28450.00000Hedged Dividend Income strategy is designed to be a complement to fixed income by investing in a basket consistent dividend paying stocks and shorting a basket of low or zero dividend paying stocks to control risk. The strategy is 100% long and 50% short and limits sectors to 25% on the long side. 0.7800
ModelxChangeFFCM, LLCFFCM Hedged US Sector Opportunities Strategy10/31/2017 12:00:00 AM2879Long/Short Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28790.15000The Hedged US Sector Opportunities Strategy utilizes a multi factor quantitative model to tilt the strategy towards the sectors expected to outperform and away from those that are expected to underperform. In addition the strategy aims to decrease the overall risk of the strategy by employing a strategic hedge. The strategy utilizes ETFs as its main investment vehicles. 0.4395
ModelxChangeFFCM, LLCFFCM Multi Factor ETF Absolute Return10/31/2017 12:00:00 AM2002Long/Short Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20020.15000FFCM Core ETF Absolute Return Strategy is an ETF managed portfolio that aims to provide a low volatility absolute return that exhibits low correlation to the equity and fixed income markets. The strategy uses a multi-factor approach by investing in factor based market neutral and long only ETFs, combined with fixed income ETFs to create an absolute return in all market environments. The strategy goal is for consistent 5 -7% annualized returns with 4 – 6% annual volatility. The FFCM Core Absolute Return Strategy utilizes factors as the key drivers of investment returns, and blending with traditional long only exposures, into a comprehensive alternative strategy. The strategy also uses Aggregate and short term treasury ETFs as an allocation to as market risk increases. All positions will be in ETFs listed on major U.S. stock exchanges. 0.5900
ModelxChangeGeaSphere LLCGeaSphere Core ETF 10-902648Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26480.50000Stable with Income Conservative Stable Income using Tactical Asset Allocation of Stocks 10% and Bonds 90%. Tactical asset allocation is an active management portfolio strategy that shifts the percentage of assets held in various categories to take advantage of market pricing anomalies or strong market sectors. This strategy allows our portfolio managers to create extra value by taking advantage of sector rotations in the marketplace. It is a moderately active strategy since managers return to the portfolio's original strategic asset mix when desired short-term profits are achieved on a Semi-annual basis. GeaSphere offers 10 Core ETF model portfolios for every risk tolerance and time horizon. All models are constructed with our rules based allocation, adjusted for market conditions. We continuously review and adjust the weightings of each asset class within each portfolio to reflect leading sectors for maximum efficiency and returns. 0.5840
ModelxChangeGeaSphere LLCGeaSphere Core ETF 10010/31/2017 12:00:00 AM11.97596.740912.378818.3423-1.00317.882834.411516.81692640Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26400.50000GeaSphere Core ETF 100 – Extremely Aggressive Growth Aggressive Growth portfolio using Tactical Asset Allocation of Stocks 100% and Bonds 0%. Tactical asset allocation is an active management portfolio strategy that shifts the percentage of assets held in various categories to take advantage of market pricing anomalies or strong market sectors. This strategy allows our portfolio managers to create extra value by taking advantage of sector rotations in the marketplace. It is a moderately active strategy since managers return to the portfolio's original strategic asset mix when desired short-term profits are achieved on a Semi-annual basis. GeaSphere offers 10 Core ETF model portfolios for every risk tolerance and time horizon. All models are constructed with our rules based allocation, adjusted for market conditions. We continuously review and adjust the weightings of each asset class within each portfolio to reflect leading sectors for maximum efficiency and returns.0.5772
ModelxChangeGeaSphere LLCGeaSphere Core ETF 20-802647Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26470.50000Conservative Stable with Income and Growth Conservative Stable Income and Growth using Tactical Asset Allocation of Stocks 20% and Bonds 80%. Tactical asset allocation is an active management portfolio strategy that shifts the percentage of assets held in various categories to take advantage of market pricing anomalies or strong market sectors. This strategy allows our portfolio managers to create extra value by taking advantage of sector rotations in the marketplace. It is a moderately active strategy since managers return to the portfolio's original strategic asset mix when desired short-term profits are achieved on a Semi-annual basis. GeaSphere offers 10 Core ETF model portfolios for every risk tolerance and time horizon. All models are constructed with our rules based allocation, adjusted for market conditions. We continuously review and adjust the weightings of each asset class within each portfolio to reflect leading sectors for maximum efficiency and returns. 0.5867
ModelxChangeGeaSphere LLCGeaSphere Core ETF 30-702646Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26460.50000Moderate Income and Growth Conservative Income and Growth using Tactical Asset Allocation of Stocks 30% and Bonds 70%. Tactical asset allocation is an active management portfolio strategy that shifts the percentage of assets held in various categories to take advantage of market pricing anomalies or strong market sectors. This strategy allows our portfolio managers to create extra value by taking advantage of sector rotations in the marketplace. It is a moderately active strategy since managers return to the portfolio's original strategic asset mix when desired short-term profits are achieved on a Semi-annual basis. GeaSphere offers 10 Core ETF model portfolios for every risk tolerance and time horizon. All models are constructed with our rules based allocation, adjusted for market conditions. We continuously review and adjust the weightings of each asset class within each portfolio to reflect leading sectors for maximum efficiency and returns0.5959
ModelxChangeGeaSphere LLCGeaSphere Core ETF 40-602645Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26450.50000Balanced with Income and Growth Balanced Income and Growth using Tactical Asset Allocation of Stocks 40% and Bonds 60%. Tactical asset allocation is an active management portfolio strategy that shifts the percentage of assets held in various categories to take advantage of market pricing anomalies or strong market sectors. This strategy allows our portfolio managers to create extra value by taking advantage of sector rotations in the marketplace. It is a moderately active strategy since managers return to the portfolio's original strategic asset mix when desired short-term profits are achieved on a Semi-annual basis. GeaSphere offers 10 Core ETF model portfolios for every risk tolerance and time horizon. All models are constructed with our rules based allocation, adjusted for market conditions. We continuously review and adjust the weightings of each asset class within each portfolio to reflect leading sectors for maximum efficiency and returns. 0.5707
ModelxChangeGeaSphere LLCGeaSphere Core ETF 50-5010/31/2017 12:00:00 AM8.99545.72738.695211.4425-1.04739.317217.494311.68722644Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26440.50000Balanced with Growth And Income Balanced Growth and Income using Tactical Asset Allocation of Stocks 50% and Bonds 50%. Tactical asset allocation is an active management portfolio strategy that shifts the percentage of assets held in various categories to take advantage of market pricing anomalies or strong market sectors. This strategy allows our portfolio managers to create extra value by taking advantage of sector rotations in the marketplace. It is a moderately active strategy since managers return to the portfolio's original strategic asset mix when desired short-term profits are achieved on a Semi-annual basis. GeaSphere offers 10 Core ETF model portfolios for every risk tolerance and time horizon. All models are constructed with our rules based allocation, adjusted for market conditions. We continuously review and adjust the weightings of each asset class within each portfolio to reflect leading sectors for maximum efficiency and returns. 0.5730
ModelxChangeGeaSphere LLCGeaSphere Core ETF 60-4010/31/2017 12:00:00 AM10.95796.13339.810912.5631-0.53047.152223.554412.51222643Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26430.50000Moderately Aggressive Growth and Income Moderate Growth and Income using Tactical Asset Allocation of Stocks 60% and Bonds 40%. Tactical asset allocation is an active management portfolio strategy that shifts the percentage of assets held in various categories to take advantage of market pricing anomalies or strong market sectors. This strategy allows our portfolio managers to create extra value by taking advantage of sector rotations in the marketplace. It is a moderately active strategy since managers return to the portfolio's original strategic asset mix when desired short-term profits are achieved on a Semi-annual basis. GeaSphere offers 10 Core ETF model portfolios for every risk tolerance and time horizon. All models are constructed with our rules based allocation, adjusted for market conditions. We continuously review and adjust the weightings of each asset class within each portfolio to reflect leading sectors for maximum efficiency and returns. 0.5736
ModelxChangeGeaSphere LLCGeaSphere Core ETF 70-302642Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26420.50000Aggressive Growth with Moderate Income Moderate Aggressive Growth with some Income using Tactical Asset Allocation of Stocks 70% and Bonds 30%. Tactical asset allocation is an active management portfolio strategy that shifts the percentage of assets held in various categories to take advantage of market pricing anomalies or strong market sectors. This strategy allows our portfolio managers to create extra value by taking advantage of sector rotations in the marketplace. It is a moderately active strategy since managers return to the portfolio's original strategic asset mix when desired short-term profits are achieved on a Semi-annual basis. GeaSphere offers 10 Core ETF model portfolios for every risk tolerance and time horizon. All models are constructed with our rules based allocation, adjusted for market conditions. We continuously review and adjust the weightings of each asset class within each portfolio to reflect leading sectors for maximum efficiency and returns. 0.5735
ModelxChangeGeaSphere LLCGeaSphere Core ETF 80-202641Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26410.50000Aggressive Growth with little income Aggressive Growth using Tactical Asset Allocation of Stocks 80% and Bonds 20%. Tactical asset allocation is an active management portfolio strategy that shifts the percentage of assets held in various categories to take advantage of market pricing anomalies or strong market sectors. This strategy allows our portfolio managers to create extra value by taking advantage of sector rotations in the marketplace. It is a moderately active strategy since managers return to the portfolio's original strategic asset mix when desired short-term profits are achieved on a Semi-annual basis. GeaSphere offers 10 Core ETF model portfolios for every risk tolerance and time horizon. All models are constructed with our rules based allocation, adjusted for market conditions. We continuously review and adjust the weightings of each asset class within each portfolio to reflect leading sectors for maximum efficiency and returns. 0.5745
ModelxChangeGeaSphere LLCGeaSphere Core ETF 90-102639Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26390.50000Very Aggressive Growth Very Aggressive Growth using Tactical Asset Allocation of Stocks 90% and Bonds 10%. Tactical asset allocation is an active management portfolio strategy that shifts the percentage of assets held in various categories to take advantage of market pricing anomalies or strong market sectors. This strategy allows our portfolio managers to create extra value by taking advantage of sector rotations in the marketplace. It is a moderately active strategy since managers return to the portfolio's original strategic asset mix when desired short-term profits are achieved on a Semi-annual basis. GeaSphere offers 10 Core ETF model portfolios for every risk tolerance and time horizon. All models are constructed with our rules based allocation, adjusted for market conditions. We continuously review and adjust the weightings of each asset class within each portfolio to reflect leading sectors for maximum efficiency and returns. 0.5740
ModelxChangeGlovista Investments LLCEmerging Market Equities2723Diversified Emerging Mktshttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27230.65000Our investment philosophy is primarily top- down global-macro analysis driven with a deep value tilt. Our objective is to arrive at country / sector / currency allocations so as to outperform the MSCI Emerging Markets Index by approximately 5% per annum over a market cycle by taking on an average tracking error of 5%-10%. Our objective is to arrive at country, sector and currency allocations using our top-down global macro analysis and quantitative bottom-up checks. Our philosophy does not emphasize individual stock selection. Glovista’s strategy aims to generate targeted investment returns by exploiting inefficiencies in the pricing of global and regional macro variables and valuation of out-of-favor sector and country indices. Our investment protocol seeks to identify the deep value plays within the Emerging Markets universe, taking into consideration the primary role exerted on financial market prices by currency valuation and economic growth in the various countries and regions monitored by our team. Economic growth in Emerging Market countries, commonly impacted by global macro factors, is a principal driver of earnings growth. Currency dynamics are essential because of their direct impact on earnings and their indirect impact on cross-country and cross-sector return performance dynamics.1.2875
ModelxChangeGlovista Investments LLCGlobal Tactical Asset Allocation2816Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28160.85000Our strategy aims at generating positive returns by exploiting inefficiencies in the pricing of global and regional macro variables and in the valuation of out-of-favor asset classes, countries, sectors and currencies. Our strategy emphasizes capital protection during times of market turmoil (reducing left-tail risk) by using cash allocations and by reducing active risk exposures. During times of lower macro and market volatility, our strategy emphasizes global equities so as to generate returns in a risk efficient manner by making country, sector and currency allocations so as to outperform the index as opposed to building the portfolio on the basis of bottom-up company analysis. From a philosophy perspective, we view our strategy as an absolute return strategy that tries to minimize the downside volatility while generating returns in a risk-efficient manner by making country, sector and currency allocations. As a result, all significant positions are always associated with active stop losses. The typical portfolio reflects 5-7 Global Macro themes and consists of 10-15 ETF positions, handful of individual equities and 20-30 individual bond positions. Country, sector and currency allocations are primarily determined on the basis of our conviction level on a particular global macro theme it represents, volatility and liquidity of the underlying instrument and its correlation with the rest of the portfolio. The conviction level of a particular theme is driven by the number of factors that are supporting our global macro views, current market positioning (we prefer non-consensus trades) and clarity of levels at which we can be stopped out for risk management reasons. The security, sector and country allocations are limited by our investment guidelines that not only limit the overall risk of the portfolio but also the concentration of risk. 1.1083
ModelxChangeGradient Investments, LLCGradient Endowment Series (ETF) Program - Conservative (A)10/31/2017 12:00:00 AM5.16535.09845.16532.6706585Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL5850.00000For the conservative investor. The portfolio's target allocation is 15% equity, 65% fixed income and 20% alternative investments. The portfolio seeks to achieve further diversification by investing in ETFs that track both domestic and international equity markets, bond markets, and alternative asset classes. 0.2445
ModelxChangeGradient Investments, LLCGradient Endowment Series (ETF) Program - Growth (E)10/31/2017 12:00:00 AM12.999416.647712.999412.2261587Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL5870.00000For the growth-oriented investor The portfolio's target allocation is 70% equity and 30% alternative investments. The portfolio seeks to achieve further diversification by investing in ETFs that track both domestic and international equity markets, and alternative asset classes. 0.2277
ModelxChangeGradient Investments, LLCGradient Endowment Series (ETF) Program - Moderate (C)10/31/2017 12:00:00 AM8.423410.37408.42349.1998586Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL5860.00000For the moderate investor. The portfolio's target allocation is 45% equity, 30% fixed income and 25% alternative investments. The portfolio seeks to achieve further diversification by investing in ETFs that track both domestic and international equity markets, bond markets, and alternative asset classes. 0.2360
ModelxChangeGradient Investments, LLCGradient Endowment Series (ETF) Program - Moderate Growth (D)10/31/2017 12:00:00 AM10.795613.503010.795610.3763657Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL6570.00000For the moderate growth oriented investor. The portfolio's target allocation is 60% equity, 15% fixed income and 25% alternative investments. The portfolio seeks to achieve further diversification by investing in ETFs that track both domestic and international equity markets, bond markets, and alternative asset classes. 0.2110
ModelxChangeGradient Investments, LLCGradient Endowment Series (ETF) Program - Moderately Conservative (B)10/31/2017 12:00:00 AM6.88538.12396.88537.5879656Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL6560.00000For the moderately conservative investor. The portfolio's target allocation is 30% equity, 50% fixed income and 20% alternative investments. The portfolio seeks to achieve further diversification by investing in ETFs that track both domestic and international equity markets, bond markets, and alternative asset classes. 0.2330
ModelxChangeHarvest Investment Services, LLCAlphaSolutions 13/50 MA Crossover10/31/2017 12:00:00 AM2716Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27160.50000Primary: Seeks long term growth by investing in major equity indices when they are trended in or are advancing. Secondary: Seeks to reduce market volatility by reducing or eliminating investments when major indices are trended out. We employ a technical investment strategy based on a set of rules that analyze the trend of five major domestic indices to determine if a risk on or risk off approach should be taken. Risk on or risk off is determined by examining the trend of each index independently. The technical trend is the assessment of where the short term moving average is, relative to the long term moving average for each index. Specifically, when the short term thirteen-day exponential moving average is crosses over or is above the longer term fifty-day exponential moving average then that index is trended in and we would invest in that index by utilizing an Exchange Traded Fund (ETF). The trend for each of the five indices is evaluated independently and twenty percent is invested in each index that is trended in. There will be times when the strategy will be fully invested, while other times, especially, when markets become more volatile, there will be positions that trend out and the strategy would not be fully invested. Risk Control Measure We utilize an active approach to minimize downside risk, unlike a traditional buy and hold approach that stays fully invested regardless of market volatility or losses. The AlphaSolutions 13/50 Strategy would minimize risk by taking a risk off approach by liquidating equity holdings that are not trended in. As previously mentioned when the thirteen-day moving average is above the fifty-day moving average that position is trended in and we would invest in that positon, conversely, when the thirteen-day moving average crosses below the fifty-day moving average we would consider that position trended out and we would liquidate that position and invest in cash until that index trends back in.0.6829
ModelxChangeHarvest Investment Services, LLCAlphaSolutions Blended Bull/Calendar1952Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL19520.50000Primary: Seeks long term growth of capital by investing in high ranked equity classes during bull markets. Secondary: Seeks to reduce volatility during a bear markets by utilizing risk control measures. We analyze a number of technical indicators to determine if the equity market is in a bull or bear market. During a bull market as measured by our bull-bear indicator, we will be fully invested in equity holdings. After the determination that the equity market is in a bull market, we then evaluate numerous equity classes and select the ones that are ranked highly, relative to other equity classes and invest in them for that quarter. During a continued bull market we examine the relative strength of numerous equity classes and reallocate the holdings on a quarterly basis. We evaluate the bull-bear indicator weekly to assess if we are to maintain our equity exposure or if the market has entered a bear market and risk control measures should be taken instead. We utilize an active approach to manage risk. We employ numerous strategies to evaluate and determine on a weekly basis if the market has entered a bear market. Specifically, when the bull-bear indicator determines that the equity market has entered a bear market we reallocate the equity positions into cash and bond holdings and then examine calendar dates that coincide with the current bear market to determine what dates have historically been profitable to invest in. Generally, there are a total of 12-14 identified periods per year, which typically range from 6-8 market days long that have historically been characterized with the highest probability of profitable. During these identified periods we will invest in the equity market, which comes out to approximately 28% of the bear market period. 0.8251
ModelxChangeHarvest Investment Services, LLCAlphaSolutions Momentum - High Equity10/31/2017 12:00:00 AM10.331219.16696.759911.039310.331213.8772-5.20219.539625.527810.74091954Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL19540.50000Primary: Seeks long term growth of capital by investing in high ranked Global Equity Classes. Secondary: Seeks to reduce volatility during bear markets by decreasing equity exposure and increasing cash and bond positions. We employ a maximum/minimum investment allocation to equities that is dependent on market trends. There are three Momentum models which differ based upon the equity exposure during both bull (maximum) and bear (minimum) markets. The specific Momentum model (allocation towards equities) utilized is predetermined based on risk profile, financial goals or discussions with an investment advisor. Technical trending strategies are used to evaluate and determine if the maximum or the minimum allocation in equities should be invested for that quarter. After the determination to invest in equity positions has been made, we then select highly-ranked asset classes to invest in for the quarter. The following quarter we reevaluate the technical trend of the equity markets to determine if the max or the min equity exposure is to be utilized and reallocate to highly ranked asset classes. We utilize an active approach to manage risk. We employ technical trending strategies to evaluate and determine on a quarterly basis if the portfolio will invest the maximum or the minimum equity exposure for that quarter. If our technical analysis determines that we are to minimize risk then the minimum equity allocation will be employed for that quarter; low exposure - 10%, medium exposure - 20% or high exposure - 30%. During the low equity quarters we will have a high percentage of investments in more conservative cash and bond positions. We will reevaluate the trend for the coming quarter to determine if we should invest the maximum or the minimum amount in the equity market. Our trend evaluation helps to minimize or avoid losses during precipitous bear markets due to our minimize equity and maximum bond allocation during these times. Bond positions historically have lower volatility and higher dividend payouts than equity holdings. 0.7908
ModelxChangeHarvest Investment Services, LLCAlphaSolutions Momentum - Low Equity10/31/2017 12:00:00 AM5.22276.76333.78994.41875.22277.4254-1.78994.62475.86016.04443.023.231.121.281956Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL19560.50000Primary: Seeks long term growth of capital by investing in high ranked Global Equity Classes. Secondary: Seeks to reduce volatility during bear markets by decreasing equity exposure and increasing cash and bond positions. We employ a maximum/minimum investment allocation to equities that is dependent on market trends. There are three Momentum models which differ based upon the equity exposure during both bull (maximum) and bear (minimum) markets. The specific Momentum model (allocation towards equities) utilized is predetermined based on risk profile, financial goals or discussions with an investment advisor. Technical trending strategies are used to evaluate and determine if the maximum or the minimum allocation in equities should be invested for that quarter. After the determination to invest in equity positions has been made, we then select highly-ranked asset classes to invest in for the quarter. The following quarter we reevaluate the technical trend of the equity markets to determine if the max or the min equity exposure is to be utilized and reallocate to highly ranked asset classes. We utilize an active approach to manage risk. We employ technical trending strategies to evaluate and determine on a quarterly basis if the portfolio will invest the maximum or the minimum equity exposure for that quarter. If our technical analysis determines that we are to minimize risk then the minimum equity allocation will be employed for that quarter; low exposure - 10%, medium exposure - 20% or high exposure - 30%. During the low equity quarters we will have a high percentage of investments in more conservative cash and bond positions. We will reevaluate the trend for the coming quarter to determine if we should invest the maximum or the minimum amount in the equity market. Our trend evaluation helps to minimize or avoid losses during precipitous bear markets due to our minimize equity and maximum bond allocation during these times. Bond positions historically have lower volatility and higher dividend payouts than equity holdings.0.6303
ModelxChangeHarvest Investment Services, LLCAlphaSolutions Momentum - Medium Equity10/31/2017 12:00:00 AM7.753412.60364.86087.46517.75349.2072-3.41427.132815.37188.46831955Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL19550.50000Primary: Seeks long term growth of capital by investing in high ranked Global Equity Classes. Secondary: Seeks to reduce volatility during bear markets by decreasing equity exposure and increasing cash and bond positions. We employ a maximum/minimum investment allocation to equities that is dependent on market trends. There are three Momentum models which differ based upon the equity exposure during both bull (maximum) and bear (minimum) markets. The specific Momentum model (allocation towards equities) utilized is predetermined based on risk profile, financial goals or discussions with an investment advisor. Technical trending strategies are used to evaluate and determine if the maximum or the minimum allocation in equities should be invested for that quarter. After the determination to invest in equity positions has been made, we then select highly-ranked asset classes to invest in for the quarter. The following quarter we reevaluate the technical trend of the equity markets to determine if the max or the min equity exposure is to be utilized and reallocate to highly ranked asset classes. We utilize an active approach to manage risk. We employ technical trending strategies to evaluate and determine on a quarterly basis if the portfolio will invest the maximum or the minimum equity exposure for that quarter. If our technical analysis determines that we are to minimize risk then the minimum equity allocation will be employed for that quarter; low exposure - 10%, medium exposure - 20% or high exposure - 30%. During the low equity quarters we will have a high percentage of investments in more conservative cash and bond positions. We will reevaluate the trend for the coming quarter to determine if we should invest the maximum or the minimum amount in the equity market. Our trend evaluation helps to minimize or avoid losses during precipitous bear markets due to our minimize equity and maximum bond allocation during these times. Bond positions historically have lower volatility and higher dividend payouts than equity holdings. 0.7105
ModelxChangeHarvest Investment Services, LLCAlphaSolutions Multi-Sector Fixed Income10/31/2017 12:00:00 AM2.02511.84673.26702.84322.02518.4813-1.39927.1182-2.03135.73374.43.980.670.662399Multisector Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL23990.40000Primary: Seeks to invest in high-ranked sectors within the fixed income market to achieve long term positive returns and to minimize fixed income risk by rotating out of weaker sectors Secondary: Seeks income from interest and dividends We employ technical trending strategies that utilize relative strength to evaluate and invest in high ranking fixed income sectors. We rank each sector daily according to our trending strategies and at the start of each quarter we invest in three of the four highest ranking fixed income sectors. We eliminate the highest ranked sector due to the likelihood of mean reversion and invest in the following three sectors. Each quarter we repeat the process of ranking the fixed income sectors and then investing in those that meet the criteria. This type of investing is typically characterized as momentum investing. The economic cycle is cyclical and as the economy goes through periods of expansion and periods of weakness, during these periods various sectors within the fixed income market behave and perform very differently therefore continually investing in highly ranked sectors may improve total return.0.8500
ModelxChangeHarvest Investment Services, LLCAlphaSolutions Reduced Volatility Bull-Bear10/31/2017 12:00:00 AM11.221921.45304.495010.406711.22191.7977-1.588810.316529.05978.29371945Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL19450.50000Primary: Seeks long term growth of capital by investing in high ranked equity classes during bull markets. Secondary: Seeks to reduce volatility during bear markets by having no equity positions and being fully invested in cash and bond positions We analyze a number of technical indicators to determine if the equity market is in a bull or bear market. During a bull market as measured by our bull-bear indicator, we will be fully invested in equity holdings. After the determination that the equity market is in a bull market, we then evaluate numerous equity classes and select the ones that are ranked highly, relative to other equity classes and invest in them for that quarter. During a continued bull market we examine the relative strength of numerous equity classes and reallocate the holdings on a quarterly basis. We evaluate the bull-bear indicator weekly to assess if we should maintain our equity exposure or if the market has entered a bear market and we should take risk control measures. We utilize an active approach to manage risk. We employ numerous trending strategies, referred to as the bull-bear indicator, to evaluate and determine on a weekly basis if the market has entered a bear market. When the bull-bear indicator determines that the equity market has entered a bear market we then reallocate the equity positions into cash and bond holdings. We examine the bull-bear indicator throughout the quarter to determine if we are to maintain a defensive position by investing in cash and bonds. Our trend evaluation helps to minimize or avoid losses during precipitous bear markets by removing equity allocation and maximizing bond allocation during bear markets. Bond positions historically have lower volatility and higher dividend payouts than equity holdings.0.8175
ModelxChangeHarvest Investment Services, LLCAlphaSolutions Sector Rotation10/31/2017 12:00:00 AM8.673913.69333.06929.64498.67396.5182-7.222013.097027.93517.37971940Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL19400.50000Primary: Seeks long term growth of capital by investing in high ranked U.S. Equity Sectors of the market. Secondary: Seeks to reduce volatility during bear markets by investing in cash and bond sectors. Harvest Investment Services, employs a risk on/risk off strategy. Quarterly technical trending strategies are used to evaluate and to determine if the portfolio will invest in equity positions for that quarter. After the determination to invest in equity positions for that quarter has been made, we then select highly-ranked U.S. equity sectors for that month. The following month we reevaluate the relative strength of the U.S. equity sectors and determine which highly ranked U.S. equity sectors should be invested in. We evaluate the relative strength of the different sectors of the market each month for that quarter and invest accordingly. This type of investing is typically characterized as momentum investing. 0.9400
ModelxChangeHighland Capital Management, LLCHighland Balanced Strategy (ETFs)10/31/2017 12:00:00 AM9.181211.55345.09046.64229.18126.7767-0.78234.317612.45918.39925.095.040.931.25623Target Date 2021-2025https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL6230.35000The investment objective of the balanced strategy is to provide modest capital appreciation with a well diversified 50/50 mix of stock and bond ETF's. This strategy provides diversification across the equity allocation with exposures to large capitalization companies (25%), mid cap companies (8%), small cap companies (6%), and international (11%). The International allocation includes both developed and emerging markets. In the mid and small capitalization categories diversification by style is also provided with exposure to both growth and value segments of the respective sectors. The 50% of the model invested in fixed income/cash equivalents is also well diversified between short and intermediate sectors of the yield curve, with 12.5% in a 1-3 year corporate bond ETF, and 12.5% invested in an intermediate governemnt/corporate bond ETF. US Treasury securites are also represented at 7.5% in the 7 - 10 year maturity spectrum, and the strategy has a 7.5% exposure to mortgage backed bonds. The strategy also has a 5% exposure to the high yield corporate sector in order to obtain some additional yield for the fixed income segment. The weightings for each asset are subject to a swing of + or - 5% at the discretion of the investment manager to give the manager latitude to respond to changes in the market environment and outlook. 0.4556
ModelxChangeHighland Capital Management, LLCHighland Conservative Strategy (ETFs)10/31/2017 12:00:00 AM5.00395.80803.47954.20115.00394.74770.18864.15086.34805.52232.652.911.161.34622Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL6220.35000The goal of this strategy is to limit loss of principal by utilizing a large fixed income exposure, while also providing a sufficient equity allocation for long term growth to maintain purchasing power over time given rising levels of inflation. This strategy is weighted heavily to fixed income (72.5%) to lower the volatility of returns. The fixed income component is well diversified between US Treasury, corporate, and mortgage backed securities underlying the various ETF's used. The strategy is weighted toward the short and intermediate portions of the yield curve, as our opinion is that investors are not being compensated for the risk in longer maturity bonds due to the current low level of interest rates. The equity allocation of the strategy (27.5%) is diversified across large, mid, and small capitalization ETF's, with a small weight also given to international equity markets. The larger capitalization segment as represented by the S&P 500 is the largest of the equity weights due to its tendency to be less volatile than the mid and small capitalization sectors of the market. The weightings for each asset are subject to a swing of + or - 5% at the discretion of the investment manager to give the manager latitude to respond to changes in the market environment and outlook. 0.4650
ModelxChangeHighland Capital Management, LLCHighland Growth Strategy (ETFs)10/31/2017 12:00:00 AM12.273316.24675.43618.156912.27339.0612-3.50253.484217.606911.30737.997.780.661.02624Large Blendhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL6240.35000The objective of the strategy is capital appreciation through investment in risk assets. The strategy of the model is to be well diversified across domestic equity market capitalizations (large, midcap, small cap) and styles (growth and value), with a broader expsoure to various segments of the international equity markets (developed foreign, emerging markets, Pacific ex Japan, and Brazil, Russia, India, China). To provide for additional exposure to risk assets beyond traditional equity investments, this strategy also has a 4% weighting in real estate through a REIT, as well as a commodity exposure through a commodity ETF. The total equity and risk asset weightings of this strategy total 80%, with the fixed income and cash component representing 20%. The fixed income component is represented by fixed income ETF's with short and intermediate ETF's as well as a 5% weighting in the high yield bond segment. The weightings for each asset are subject to a swing of + or - 5% at the discretion of the investment manager to give the manager latitude to respond to changes in the market environment and outlook. 0.4664
ModelxChangeHighland Capital Management, LLCHighland International Balanced Strategy (ETFs)10/31/2017 12:00:00 AM16.310212.89473.881116.31023.0901-3.7485-3.93547.30.51972Volatilityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL9720.35000The goal of this risked based ETF Model strategy is to provide a balanced exposure to international equity and fixed income markets. The International strategy is a mix of 57.1% International Fixed Income and 42.9% International Equities ETFs. This strategy is appropiate for investors with a long-term horizon and recongnize the highter volatility profile of the international markets. 0.6270
ModelxChangeHighland Capital Management, LLCHighland Tactical Income Strategy (ETFs)10/31/2017 12:00:00 AM7.68357.84814.12917.68358.2029-2.87855.57754.820.79790Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL7900.35000The model seeks to maximize income while maintaining prospects for capital appreciation through equity ETF exposure. The model invests in income oriented ETFs, including equity and debt securities, from both domestic and international markets. The Tactical Income model's goal is to capture income from many non-correlated markets with minimal concentration in any one particular area. The models will tactically shift capital based on sound risk/reward characteristics. Even the safest perceived fixed income investments pose potential risk in today's low interest rate environment. These investments may not provide enough yield and could incur losses if interest rates rise in a recovering economy. 0.6661
ModelxChangeHighland Capital Management, LLCHighland Ultra Aggressive Strategy (ETFs)10/31/2017 12:00:00 AM21.341723.72377.847721.34177.6898-2.710510.120.76973World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL9730.35000The goal of the Ultra Aggressive strategy is 100% capital appreciation by investing in Domestic and International equities, Real Estate, and Commodities ETFs. Ultra Aggressive strategy is a long-term capital appreciation model. The strategy consists of a weighting of 100% in domestic and international equities, real estate, and commodities ETFs. This strategy is appropriate for participants with a long-term time horizon who are willing to accept the volitility and risk of the equity markets. This strategy does not include fixed income which has historically produced less volatility compared to equity investments. 0.4801
ModelxChangeHighland Capital Management, LLCHighland Ultra Conservative Strategy (ETFs)10/31/2017 12:00:00 AM0.9119-0.28010.80040.91191.27750.10942.12761.580.27971Short-Term Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL9710.35000The goal of this strategy is to limit loss of principal by utilizing 100% fixed income ETF exposure. This strategy is 100% weighted to fixed income to lower the volatility of returns. The fixed income component is well diversified between US Treasury, corporate, and mortgage backed securities underlying the various ETF's used. The strategy is weighted toward the short and intermediate portions of the yield curve. The vast majority of the fixed income exposure will focus on intermediate and short dated securities which have less duration risk. In a declining interest rate enviroment this strategy will underperform. Conversely, this strategy will attempt to protect capital in a rising interest rate environment. The weightings for each asset are subject to a swing of + or - 5% at the discretion of the investment manager to give the manager latitude to respond to changes in the market environment and outlook. 0.4801
ModelxChangeHighland Capital Management, LLCHighland US Focused Equity Strategy (ETFs)10/31/2017 12:00:00 AM15.178222.26049.508615.178212.2481-0.462810.746710.130.911135Target Date 2041-2045https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11350.35000The objective of the strategy is capital appreciation through investment in risk assets. The strategy of the US Focused Equity model is capital appreciation by investing in US linked securities. Additionally, Highland Capital will overweight sectors based on fundamental/macro research conducted at Highland Capital. 0.3993
ModelxChangeHorizon Investments, LLCHorizon ETF Conservation Plus10/31/2017 12:00:00 AM7.49875.26122.78293.85747.49871.2303-0.85745.41085.32754.20493.43.210.711.1251Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL510.50000This portfolio seeks current income over a market cycle. Suitable for investors with a low tolerance for fluctuation in principal and who seek some independence from maket volatility. This portfolio seeks an equity-debt ratio of 20% equity to 80% debt. However, there may be times where the ratios will be adjusted due to market conditions. Horizon intends to invest in a similar investment profile as represented in this review; however, there may be times where there is a material difference in the client experience based on the set of funds used due to the third party administrator and or custodian constraints. The foundation for our management technique is Active Asset Allocation. Following the principles of Active Asset Allocation, we seek to overweight, underweight, and avoid trends in the global capital markets. In other words, we seek to capitalize on market leadership and to avoid market laggards. In contrast to traditional static models, our active asset allocation portfolio re-balances and re-allocates its portfolio based on the ever-changing market cycle. The Active Asset Allocation model builds on the academic foundation of traditional asset allocation but moves beyond the idea that diversification decisions can be based on historical long-term market averages. We believe that the markets are dynamic and our disciplined approach needs to be prepared to manage whatever environment we are facing.0.7559
ModelxChangeHorizon Investments, LLCHorizon ETF Conservative10/31/2017 12:00:00 AM10.37059.40473.86945.542910.37052.3681-1.50885.82519.84986.22074.544.290.781.2250Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL500.50000This portfolio seeks modest growth and income over market cycles. This diversified portfolio seeks to achieve its stated goal of capital preservation through holdings in both debt and equity vehicles. This portfolio seeks an equity-debt ratio of 40% equity to 60% debt. However, there may be times where the ratios will be adjusted due to market conditions. Horizon intends to invest in a similar investment profile as represented in this review; however, there may be times where there is a material difference in the client experience based on the set of funds used due to the third party administrator and or custodian constraints. The foundation for our management technique is Active Asset Allocation. Following the principles of Active Asset Allocation, we seek to overweight, underweight, and avoid trends in the global capital markets. In other words, we seek to capitalize on market leadership and to avoid market laggards. In contrast to traditional static models, our active asset allocation portfolio re-balances and re-allocates its portfolio based on the ever-changing market cycle. The Active Asset Allocation model builds on the academic foundation of traditional asset allocation but moves beyond the idea that diversification decisions can be based on historical long-term market averages. We believe that the markets are dynamic and our disciplined approach needs to be prepared to manage whatever environment we are facing.0.7340
ModelxChangeHorizon Investments, LLCHorizon ETF Focused10/31/2017 12:00:00 AM19.167122.36917.192711.366219.16715.5546-3.11077.527527.295510.917010.019.270.711.1946Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL460.50000This portfolio seeks capital appreciation in any market cycle. This diversified portfolio utilizes a variety of equity strategies for the aggressive investor. This portfolio seeks an equity-debt ratio of 100% equity to 0% debt. However, there may be times where the ratios will be adjusted due to market conditions. Horizon intends to invest in a similar investment profile as represented in this review; however, there may be times where there is a material difference in the client experience based on the set of funds used due to the third party administrator and or custodian constraints. The foundation for our management technique is Active Asset Allocation. Following the principles of Active Asset Allocation, we seek to overweight, underweight, and avoid trends in the global capital markets. In other words, we seek to capitalize on market leadership and to avoid market laggards. In contrast to traditional static models, our active asset allocation portfolio re-balances and re-allocates its portfolio based on the ever-changing market cycle. The Active Asset Allocation model builds on the academic foundation of traditional asset allocation but moves beyond the idea that diversification decisions can be based on historical long-term market averages. We believe that the markets are dynamic and our disciplined approach needs to be prepared to manage whatever environment we are facing.0.6683
ModelxChangeHorizon Investments, LLCHorizon ETF Focused with Risk Assist10/31/2017 12:00:00 AM18.846221.35686.085510.412018.84624.0557-4.25415.815927.72094.92999.288.850.641.1452Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL520.60000This portfolio seeks capital appreciation in any market cycle and seeks to limit downside through an active risk control strategy in falling markets. This portfolio seeks an equity-debt ratio of 100% equity to 0% debt. However, there may be times where the ratios will be adjusted due to market conditions. Horizon intends to invest in a similar investment profile as represented in this review; however, there may be times where there is a material difference in the client experience based on the set of funds used due to the third party administrator and or custodian constraints. The foundation for our management technique is Active Asset Allocation. Following these principles, we may be overweighted, underweighted in a particular investment in an attempt to take advantage of trends in the global capital markets. Additionally, in Risk Assisted allocations, we employ an additional layer of Active Asset Allocation decisions which seeks to mitigate losses in down markets in exchange for reduced potential capital appreciation in some market cycles. The Active Asset Allocation model builds on the academic foundation of traditional asset allocation, but moves beyond the idea that diversification decisions can be based on historical long-term market averages. Our Risk Assist strategy further builds on the idea that diversification alone may be an insufficient risk management technique in some markets. We believe that the markets are dynamic and our disciplined approach needs to be prepared to manage whatever environment we are facing.0.7478
ModelxChangeHorizon Investments, LLCHorizon ETF Growth10/31/2017 12:00:00 AM16.885018.98246.26189.831716.88504.8401-3.00966.854322.94808.62638.497.940.711.1947Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL470.50000This portfolio seeks growth over a market cycle. This diversified portfolio seeks to achieve its stated goal through overweighting market leaders during sustained periods of market growth. This portfolio seeks an equity-debt ratio of 85% equity to 15% debt. However, there may be times where the ratios will be adjusted due to market conditions. Horizon intends to invest in a similar investment profile as represented in this review; however, there may be times where there is a material difference in the client experience based on the set of funds used due to the third party administrator and or custodian constraints. The foundation for our management technique is Active Asset Allocation. Following the principles of Active Asset Allocation, we seek to overweight, underweight, and avoid trends in the global capital markets. In other words, we seek to capitalize on market leadership and to avoid market laggards. In contrast to traditional static models, our active asset allocation portfolio re-balances and re-allocates its portfolio based on the ever-changing market cycle. The Active Asset Allocation model builds on the academic foundation of traditional asset allocation but moves beyond the idea that diversification decisions can be based on historical long-term market averages. We believe that the markets are dynamic and our disciplined approach needs to be prepared to manage whatever environment we are facing.0.6847
ModelxChangeHorizon Investments, LLCHorizon ETF Growth with Risk Assist10/31/2017 12:00:00 AM16.696218.15405.15549.213116.69622.9800-4.19767.575722.72506.14667.557.40.651.253Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL530.60000This portfolio seeks growth over a market cycle and seeks to limit downside through an active risk control strategy in falling markets. This portfolio seeks an equity-debt ratio of 85% equity to 15% debt. However, there may be times where the ratios will be adjusted due to market conditions. Horizon intends to invest in a similar investment profile as represented in this review; however, there may be times where there is a material difference in the client experience based on the set of funds used due to the third party administrator and or custodian constraints. The foundation for our management technique is Active Asset Allocation. Following these principles, we may be overweighted, underweighted in a particular investment in an attempt to take advantage of trends in the global capital markets. Additionally, in Risk Assisted allocations, we employ an additional layer of Active Asset Allocation decisions which seeks to mitigate losses in down markets in exchange for reduced potential capital appreciation in some market cycles. The Active Asset Allocation model builds on the academic foundation of traditional asset allocation, but moves beyond the idea that diversification decisions can be based on historical long-term market averages. Our Risk Assist strategy further builds on the idea that diversification alone may be an insufficient risk management technique in some markets. We believe that the markets are dynamic and our disciplined approach needs to be prepared to manage whatever environment we are facing.0.7673
ModelxChangeHorizon Investments, LLCHorizon ETF Moderate10/31/2017 12:00:00 AM14.257315.02305.29437.744314.25733.7731-2.39706.375315.68916.02956.656.190.751.248Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL480.50000This portfolio seeks growth and income over a market cycle. This diversified portfolio seeks to achieve its goal through consistent holdings in both debt and equity vehicles. This portfolio seeks an equity-debt ratio of 65% equity to 35% debt. However, there may be times where the ratios will be adjusted due to market conditions. Horizon intends to invest in a similar investment profile as represented in this review; however, there may be times where there is a material difference in the client experience based on the set of funds used due to the third party administrator and or custodian constraints. The foundation for our management technique is Active Asset Allocation. Following the principles of Active Asset Allocation, we seek to overweight, underweight, and avoid trends in the global capital markets. In other words, we seek to capitalize on market leadership and to avoid market laggards. In contrast to traditional static models, our active asset allocation portfolio re-balances and re-allocates its portfolio based on the ever-changing market cycle. The Active Asset Allocation model builds on the academic foundation of traditional asset allocation but moves beyond the idea that diversification decisions can be based on historical long-term market averages. We believe that the markets are dynamic and our disciplined approach needs to be prepared to manage whatever environment we are facing.0.7066
ModelxChangeHorizon Investments, LLCHorizon ETF Moderate with Risk Assist10/31/2017 12:00:00 AM13.673013.92894.42707.508113.67302.4437-3.06056.611717.22675.32626.025.890.691.2254Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL540.60000This portfolio seeks growth and income over a market cycle and seeks to limit downside through an active risk control strategy in falling markets. This portfolio seeks an equity-debt ratio of 65% equity to 35% debt. However, there may be times where the ratios will be adjusted due to market conditions. Horizon intends to invest in a similar investment profile as represented in this review; however, there may be times where there is a material difference in the client experience based on the set of funds used due to the third party administrator and or custodian constraints. The foundation for our management technique is Active Asset Allocation. Following these principles, we may be overweighted, underweighted in a particular investment in an attempt to take advantage of trends in the global capital markets. Additionally, in Risk Assisted allocations, we employ an additional layer of Active Asset Allocation decisions which seeks to mitigate losses in down markets in exchange for reduced potential capital appreciation in some market cycles. The Active Asset Allocation model builds on the academic foundation of traditional asset allocation, but moves beyond the idea that diversification decisions can be based on historical long-term market averages. Our Risk Assist strategy further builds on the idea that diversification alone may be an insufficient risk management technique in some markets. We believe that the markets are dynamic and our disciplined approach needs to be prepared to manage whatever environment we are facing.0.7933
ModelxChangeHorizon Investments, LLCHorizon Real Spend 310/31/2017 12:00:00 AM2424Retirement Incomehttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL24240.60000Real Send is Horizon Investments’ retirement income strategy designed to set aside money for current spending, invest capital to fund future spending, and adjust yearly spending to overcome inflation. Real Spend was created to address Inflation Risk, Market Risk, and Longevity Risk.0.8767
ModelxChangeHorizon Investments, LLCHorizon Real Spend 410/31/2017 12:00:00 AM2423Retirement Incomehttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL24230.60000Real Send is Horizon Investments’ retirement income strategy designed to set aside money for current spending, invest capital to fund future spending, and adjust yearly spending to overcome inflation. Real Spend was created to address Inflation Risk, Market Risk, and Longevity Risk.0.8760
ModelxChangeHorizon Investments, LLCHorizon Real Spend 510/31/2017 12:00:00 AM2422Retirement Incomehttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL24220.60000Real Send is Horizon Investments’ retirement income strategy designed to set aside money for current spending, invest capital to fund future spending, and adjust yearly spending to overcome inflation. Real Spend was created to address Inflation Risk, Market Risk, and Longevity Risk.0.8751
ModelxChangeHorizon Investments, LLCHorizon Real Spend 610/31/2017 12:00:00 AM2421Retirement Incomehttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL24210.60000Real Send is Horizon Investments’ retirement income strategy designed to set aside money for current spending, invest capital to fund future spending, and adjust yearly spending to overcome inflation. Real Spend was created to address Inflation Risk, Market Risk, and Longevity Risk.0.8739
ModelxChangeHorizon Investments, LLCHorizon Real Spend 710/31/2017 12:00:00 AM2420Retirement Incomehttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL24200.60000Real Send is Horizon Investments’ retirement income strategy designed to set aside money for current spending, invest capital to fund future spending, and adjust yearly spending to overcome inflation. Real Spend was created to address Inflation Risk, Market Risk, and Longevity Risk. 0.8725
ModelxChangeHoward Capital Management, Inc.All American Aggressive2150Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21500.85000This program typically seeks to participate in all markets and sectors by investing the portfolio in sectors the PSR methodology indicates have potential to outperform, and protect assets during adverse market conditions through application of the HCM-BuyLine®. Multiple indicators are monitored to identify developing trends in the markets. The portfolio can use inverse funds as a hedge or in an attempt to capitalize on market trends. Horizon Bond strategy trades bond funds, utilizing the Proactive Sector Rotation methodology. This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds) using a strategy that rotates among short-, medium-, and long-term bonds; high-yield bonds; corporate bonds; treasuries; and occasionally international bonds. The portfolio is rebalanced periodically, and it is possible for the allocation to be adjusted when the HCM-BuyLine® indicates a strengthening or weakening in the equity markets. 0.20002.9090
ModelxChangeHoward Capital Management, Inc.All American Balanced2148Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21480.85000This program typically seeks to participate in all markets and sectors by investing the portfolio in sectors the PSR methodology indicates have potential to outperform, and protect assets during adverse market conditions through application of the HCM-BuyLine®. Multiple indicators are monitored to identify developing trends in the markets. The portfolio can use inverse funds as a hedge or in an attempt to capitalize on market trends. Horizon Bond strategy trades bond funds, utilizing the Proactive Sector Rotation methodology. This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds) using a strategy that rotates among short-, medium-, and long-term bonds; high-yield bonds; corporate bonds; treasuries; and occasionally international bonds. The portfolio is rebalanced periodically, and it is possible for the allocation to be adjusted when the HCM-BuyLine® indicates a strengthening or weakening in the equity markets. 0.21252.8720
ModelxChangeHoward Capital Management, Inc.All American Conservative2010Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20100.85000This program typically seeks to participate in all markets and sectors by investing the portfolio in sectors the PSR methodology indicates have potential to outperform, and protect assets during adverse market conditions through application of the HCM-BuyLine®. Multiple indicators are monitored to identify developing trends in the markets. The portfolio can use inverse funds as a hedge or in an attempt to capitalize on market trends. Horizon Bond strategy trades bond funds, utilizing the Proactive Sector Rotation methodology. This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds) using a strategy that rotates among short-, medium-, and long-term bonds; high-yield bonds; corporate bonds; treasuries; and occasionally international bonds. The portfolio is rebalanced periodically, and it is possible for the allocation to be adjusted when the HCM-BuyLine® indicates a strengthening or weakening in the equity markets.0.21252.7890
ModelxChangeHoward Capital Management, Inc.All American Growth2149Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21490.85000This program typically seeks to participate in all markets and sectors by investing the portfolio in sectors the PSR methodology indicates have potential to outperform, and protect assets during adverse market conditions through application of the HCM-BuyLine®. Multiple indicators are monitored to identify developing trends in the markets. The portfolio can use inverse funds as a hedge or in an attempt to capitalize on market trends. Horizon Bond strategy trades bond funds, utilizing the Proactive Sector Rotation methodology. This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds) using a strategy that rotates among short-, medium-, and long-term bonds; high-yield bonds; corporate bonds; treasuries; and occasionally international bonds. The portfolio is rebalanced periodically, and it is possible for the allocation to be adjusted when the HCM-BuyLine® indicates a strengthening or weakening in the equity markets. 0.21252.9070
ModelxChangeHoward Capital Management, Inc.All American Income10/31/2017 12:00:00 AM2009Retirement Incomehttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20090.85000This program typically seeks to participate in all markets and sectors by investing the portfolio in sectors the PSR methodology indicates have potential to outperform, and protect assets during adverse market conditions through application of the HCM-BuyLine®. Multiple indicators are monitored to identify developing trends in the markets. The portfolio can use inverse funds as a hedge or in an attempt to capitalize on market trends. Horizon Bond strategy trades bond funds, utilizing the Proactive Sector Rotation methodology. This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds) using a strategy that rotates among short-, medium-, and long-term bonds; high-yield bonds; corporate bonds; treasuries; and occasionally international bonds. The portfolio is rebalanced periodically, and it is possible for the allocation to be adjusted when the HCM-BuyLine® indicates a strengthening or weakening in the equity markets.0.25002.7840
ModelxChangeHoward Capital Management, Inc.ALP Aggressive10/31/2017 12:00:00 AM2828Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28280.85000This program typically seeks to participate in all markets and sectors by investing the portfolio in sectors the PSR methodology indicates have potential to outperform, and protect assets during adverse market conditions through application of the HCM-BuyLine®. Multiple indicators are monitored to identify developing trends in the markets. The portfolio can use inverse funds as a hedge or in an attempt to capitalize on market trends. Horizon Bond strategy trades bond funds, utilizing the Proactive Sector Rotation methodology. This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds) using a strategy that rotates among short-, medium-, and long-term bonds; high-yield bonds; corporate bonds; treasuries; and occasionally international bonds. The portfolio is rebalanced periodically, and it is possible for the allocation to be adjusted when the HCM-BuyLine® indicates a strengthening or weakening in the equity markets. 0.16502.8170
ModelxChangeHoward Capital Management, Inc.ALP Balanced2007Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20070.85000This program typically seeks to participate in all markets and sectors by investing the portfolio in sectors the PSR methodology indicates have potential to outperform, and protect assets during adverse market conditions through application of the HCM-BuyLine®. Multiple indicators are monitored to identify developing trends in the markets. The portfolio can use inverse funds as a hedge or in an attempt to capitalize on market trends. Horizon Bond strategy trades bond funds, utilizing the Proactive Sector Rotation methodology. This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds) using a strategy that rotates among short-, medium-, and long-term bonds; high-yield bonds; corporate bonds; treasuries; and occasionally international bonds. The portfolio is rebalanced periodically, and it is possible for the allocation to be adjusted when the HCM-BuyLine® indicates a strengthening or weakening in the equity markets.0.19752.8091
ModelxChangeHoward Capital Management, Inc.ALP Conservative2008Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20080.85000This program typically seeks to participate in all markets and sectors by investing the portfolio in sectors the PSR methodology indicates have potential to outperform, and protect assets during adverse market conditions through application of the HCM-BuyLine®. Multiple indicators are monitored to identify developing trends in the markets. The portfolio can use inverse funds as a hedge or in an attempt to capitalize on market trends. Horizon Bond strategy trades bond funds, utilizing the Proactive Sector Rotation methodology. This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds) using a strategy that rotates among short-, medium-, and long-term bonds; high-yield bonds; corporate bonds; treasuries; and occasionally international bonds. The portfolio is rebalanced periodically, and it is possible for the allocation to be adjusted when the HCM-BuyLine® indicates a strengthening or weakening in the equity markets.0.21252.8122
ModelxChangeHoward Capital Management, Inc.ALP Growth1936Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL19360.85000This program typically seeks to participate in all markets and sectors by investing the portfolio in sectors the PSR methodology indicates have potential to outperform, and protect assets during adverse market conditions through application of the HCM-BuyLine®. Multiple indicators are monitored to identify developing trends in the markets. The portfolio can use inverse funds as a hedge or in an attempt to capitalize on market trends. Horizon Bond strategy trades bond funds, utilizing the Proactive Sector Rotation methodology. This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds) using a strategy that rotates among short-, medium-, and long-term bonds; high-yield bonds; corporate bonds; treasuries; and occasionally international bonds. The portfolio is rebalanced periodically, and it is possible for the allocation to be adjusted when the HCM-BuyLine® indicates a strengthening or weakening in the equity markets.0.18502.8376
ModelxChangeHoward Capital Management, Inc.HCM Dividend Income Balanced10/31/2017 12:00:00 AM8.654417.44879.884118.15688.654424.5238-2.856215.162046.409511.913710.3910.520.921.622830Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28300.85000This program typically seeks to participate in all markets and sectors by investing the portfolio in sectors the PSR methodology indicates have potential to outperform, and protect assets during adverse market conditions through application of the HCM-BuyLine®. Multiple indicators are monitored to identify developing trends in the markets. The portfolio can use inverse funds as a hedge or in an attempt to capitalize on market trends. Horizon Bond strategy trades bond funds, utilizing the Proactive Sector Rotation methodology. This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds) using a strategy that rotates among short-, medium-, and long-term bonds; high-yield bonds; corporate bonds; treasuries; and occasionally international bonds. The portfolio is rebalanced periodically, and it is possible for the allocation to be adjusted when the HCM-BuyLine® indicates a strengthening or weakening in the equity markets. 0.21002.5924
ModelxChangeHoward Capital Management, Inc.HCM Dividend Income Conservative10/31/2017 12:00:00 AM7.485914.83498.696517.11557.485921.6041-2.622515.023444.892111.87242829Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28290.85000This program typically seeks to participate in all markets and sectors by investing the portfolio in sectors the PSR methodology indicates have potential to outperform, and protect assets during adverse market conditions through application of the HCM-BuyLine®. Multiple indicators are monitored to identify developing trends in the markets. The portfolio can use inverse funds as a hedge or in an attempt to capitalize on market trends. Horizon Bond strategy trades bond funds, utilizing the Proactive Sector Rotation methodology. This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds) using a strategy that rotates among short-, medium-, and long-term bonds; high-yield bonds; corporate bonds; treasuries; and occasionally international bonds. The portfolio is rebalanced periodically, and it is possible for the allocation to be adjusted when the HCM-BuyLine® indicates a strengthening or weakening in the equity markets. 0.18752.4475
ModelxChangeHoward Capital Management, Inc.HCM Dividend Income Growth10/31/2017 12:00:00 AM9.349519.969811.288718.55749.349528.6345-2.838914.909843.660611.83662831Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28310.85000This program typically seeks to participate in all markets and sectors by investing the portfolio in sectors the PSR methodology indicates have potential to outperform, and protect assets during adverse market conditions through application of the HCM-BuyLine®. Multiple indicators are monitored to identify developing trends in the markets. The portfolio can use inverse funds as a hedge or in an attempt to capitalize on market trends. Horizon Bond strategy trades bond funds, utilizing the Proactive Sector Rotation methodology. This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds) using a strategy that rotates among short-, medium-, and long-term bonds; high-yield bonds; corporate bonds; treasuries; and occasionally international bonds. The portfolio is rebalanced periodically, and it is possible for the allocation to be adjusted when the HCM-BuyLine® indicates a strengthening or weakening in the equity markets. 0.23132.7293
ModelxChangeHoward Capital Management, Inc.Horizon Bond2151Multisector Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21510.85000This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds) using a strategy that rotates among short-, medium-, and long-term bonds; high-yield bonds; corporate bonds; treasuries; and occasionally international bonds. Multiple indicators are monitored to identify developing trends in the markets. Horizon Bond strategy trades bond funds, utilizing the Proactive Sector Rotation methodology. This program typically seeks to participate in domestic markets and sectors (but may on occasion trade global funds). 0.25002.6272
ModelxChangeIntegrated Capital ManagementBalanced ETF Strategy42Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL420.200004. The Balanced ETF Strategy is an actively managed 50% equity, 50% fixed income strategy. iCM uses proprietary research techniques, specifically quantitative models to make over and underweight decisions from a global opportunity set of equities, fixed income and real assets. These decisions can include, but are not limited to, valuations by market cap, style, geography, credit qualities and curve positioning. Inception date: 1/1/2005. At iCM, we manage our portfolios utilizing a Global Tactical Asset Allocation strategy. While most advocate for a buy-and-hold asset allocation strategy, we believe that this is a flawed approach. Rather, we believe that current valuations play an important role in relative future returns among various asset classes. Through our approach we feel that we can add value over the investment cycle by tactically allocating our portfolios to areas of undervaluation in the market, while moving away from those asset classes that we feel are expensive. We are intent on understanding what markets imply by their current valuations, since markets tend to extrapolate recent events in a linear fashion to an unsustainable conclusion. We attempt to benefit from inflection points where the market is either overly optimistic or overly pessimistic. As a result, our portfolios are broadly diversified, but favor a series of assets likely to benefit from mean reversion.0.00560.4233
ModelxChangeIntegrated Capital ManagementDefensive Growth ETF41Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL410.200003. The Defensive Growth ETF Strategy is an actively managed 35% equity, 65% fixed income strategy. iCM uses proprietary research techniques, specifically quantitative models to make over and underweight decisions from a global opportunity set of equities, fixed income and real assets. These decisions can include, but are not limited to, valuations by market cap, style, geography, credit qualities and curve positioning. 1/1/2005. At iCM, we manage our portfolios utilizing a Global Tactical Asset Allocation strategy. While most advocate for a buy-and-hold asset allocation strategy, we believe that this is a flawed approach. Rather, we believe that current valuations play an important role in relative future returns among various asset classes. Through our approach we feel that we can add value over the investment cycle by tactically allocating our portfolios to areas of undervaluation in the market, while moving away from those asset classes that we feel are expensive. We are intent on understanding what markets imply by their current valuations, since markets tend to extrapolate recent events in a linear fashion to an unsustainable conclusion. We attempt to benefit from inflection points where the market is either overly optimistic or overly pessimistic. As a result, our portfolios are broadly diversified, but favor a series of assets likely to benefit from mean reversion.0.00810.4032
ModelxChangeIntegrated Capital ManagementFixed Income Completion ETF2591Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25910.200001. The Fixed Income Completion ETF Strategy is an actively managed 100% fixed income strategy. iCM uses proprietary research techniques, specifically quantitative models to make over and underweight decisions from a global opportunity set of fixed income assets. These decisions can include, but aren't limited to, valuations by issuer, geography, credit qualities and curve positioning. Inception date: 4/1/2009. At iCM, we manage our portfolios utilizing a Global Tactical Asset Allocation strategy. While most advocate for a buy-and-hold asset allocation strategy, we believe that this is a flawed approach. Rather, we believe that current valuations play an important role in relative future returns among various asset classes. Through our approach we feel that we can add value over the investment cycle by tactically allocating our portfolios to areas of undervaluation in the market, while moving away from those asset classes that we feel are expensive. We are intent on understanding what markets imply by their current valuations, since markets tend to extrapolate recent events in a linear fashion to an unsustainable conclusion. We attempt to benefit from inflection points where the market is either overly optimistic or overly pessimistic. As a result, our portfolios are broadly diversified, but favor a series of assets likely to benefit from mean reversion.0.01190.4295
ModelxChangeIntegrated Capital ManagementIncome & Inflation Hedge ETF40Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL400.200002. The Income & Inflation Hedge ETF Strategy is an actively managed 20% equity, 80% fixed income strategy. iCM uses proprietary research techniques, specifically quantitative models to make over and underweight decisions from a global opportunity set of equities, fixed income and real assets. These decisions can include, but are not limited to, valuations by market cap, style, geography, credit qualities and curve positioning. Inception date: 1/1/2005. At iCM, we manage our portfolios utilizing a Global Tactical Asset Allocation strategy. While most advocate for a buy-and-hold asset allocation strategy, we believe that this is a flawed approach. Rather, we believe that current valuations play an important role in relative future returns among various asset classes. Through our approach we feel that we can add value over the investment cycle by tactically allocating our portfolios to areas of undervaluation in the market, while moving away from those asset classes that we feel are expensive. We are intent on understanding what markets imply by their current valuations, since markets tend to extrapolate recent events in a linear fashion to an unsustainable conclusion. We attempt to benefit from inflection points where the market is either overly optimistic or overly pessimistic. As a result, our portfolios are broadly diversified, but favor a series of assets likely to benefit from mean reversion.0.00940.4081
ModelxChangeIntegrated Capital ManagementModerate Capital Appreciation ETF44Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL440.200006. The Moderate Capital Appreciation ETF Strategy is an actively managed 80% equity, 20% fixed income strategy. iCM uses proprietary research techniques, specifically quantitative models to make over and underweight decisions from a global opportunity set of equities, fixed income and real assets. These decisions can include, but are not limited to, valuations by market cap, style, geography, credit qualities and curve positioning. Inception date: 1/1/2005. At iCM, we manage our portfolios utilizing a Global Tactical Asset Allocation strategy. While most advocate for a buy-and-hold asset allocation strategy, we believe that this is a flawed approach. Rather, we believe that current valuations play an important role in relative future returns among various asset classes. Through our approach we feel that we can add value over the investment cycle by tactically allocating our portfolios to areas of undervaluation in the market, while moving away from those asset classes that we feel are expensive. We are intent on understanding what markets imply by their current valuations, since markets tend to extrapolate recent events in a linear fashion to an unsustainable conclusion. We attempt to benefit from inflection points where the market is either overly optimistic or overly pessimistic. As a result, our portfolios are broadly diversified, but favor a series of assets likely to benefit from mean reversion.0.00500.4173
ModelxChangeIntegrated Capital ManagementRisk Controlled Growth ETF43Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL430.200005. The Risk Controlled Growth ETF Strategy is an actively managed 60% equity, 40% fixed income strategy. iCM uses proprietary research techniques, specifically quantitative models to make over and underweight decisions from a global opportunity set of equities, fixed income and real assets. These decisions can include, but are not limited to, valuations by market cap, style, geography, credit qualities and curve positioning. Inception date: 1/1/2005. At iCM, we manage our portfolios utilizing a Global Tactical Asset Allocation strategy. While most advocate for a buy-and-hold asset allocation strategy, we believe that this is a flawed approach. Rather, we believe that current valuations play an important role in relative future returns among various asset classes. Through our approach we feel that we can add value over the investment cycle by tactically allocating our portfolios to areas of undervaluation in the market, while moving away from those asset classes that we feel are expensive. We are intent on understanding what markets imply by their current valuations, since markets tend to extrapolate recent events in a linear fashion to an unsustainable conclusion. We attempt to benefit from inflection points where the market is either overly optimistic or overly pessimistic. As a result, our portfolios are broadly diversified, but favor a series of assets likely to benefit from mean reversion.0.00500.4231
ModelxChangeInvestors Asset Management of GeorgiaInvestors CHOICE Balanced Portfolio10/31/2017 12:00:00 AM9.913313.88956.51798.59719.91337.70480.32327.099316.732613.22286.336.10.971.352108Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21080.35000This portfolio, the Qualified Default Investment Alternative (QDIA), strives to have 60% invested in stock funds and 40% invested in bond funds and/or cash. This moderate or balanced portfolio is prudent for most participants that have a 5 year or longer time horizon. More than half the portfolio is invested in a diversified way in the equity markets. There is still a large component in bonds and/or cash equivalents to temper volatility that can accompany stock investing. Over time, this portfolio should show somewhat higher returns with somewhat more volatility than the Moderately Conservative Portfolio. 0.01000.5220
ModelxChangeInvestors Asset Management of GeorgiaInvestors CHOICE Conservative Portfolio10/31/2017 12:00:00 AM4.62715.00553.15724.16134.62713.68340.46734.35876.457610.57532.172.51.271.552106Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21060.35000This portfolio seeks modest, consistent returns with lower volatility through a large allocation to bonds and/or cash. For very conservative investors, this portfolio strives to allocate 80% to bonds and/or cash, and 20% to equities. The small allocation to equities allows for nominal long term growth with modest, yet consistent results.0.01500.5515
ModelxChangeInvestors Asset Management of GeorgiaInvestors CHOICE Growth Portfolio10/31/2017 12:00:00 AM15.445523.843710.011514.351715.445512.12730.11229.222934.486818.069510.910.540.91.312110Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21100.35000This portfolio seeks high long term capital growth through a diversified equity portfolio. This portfolio is a true growth portfolio that normally has a 100% allocation to the equity market. The portfolio is diversified into major low cost equity index funds and ETF's. It is appropriate for investors with a longer term horizon who can accept a higher degree of volatility to achieve maximum growth. This fund also allows the manager flexibility in times of extreme market turmoil (such as 2009) to become defensive for short periods by moving some of the assets into cash or bond index funds. 0.4750
ModelxChangeInvestors Asset Management of GeorgiaInvestors CHOICE Moderate Growth Portfolio10/31/2017 12:00:00 AM13.375618.99458.677212.140713.37569.84230.90598.994126.295716.39038.478.210.981.412109Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21090.35000This portfolio seeks long term capital growth with an increasing allocation to stocks compared to the Moderate or Balanced Portfolio. The portfolio normally will have a 80% allocation diversified in the equity market, with a 20% allocation to bonds and/or cash to temper risk. This Moderate Growth Portfolio is appropriate for most investors that are comfortable with some volatility and that have a longer term investing horizon of 5 - 7 years or longer. Normally, 80% of the portfolio will be invested in a diversified way in low cost equity index funds and ETF's. 0.00500.4905
ModelxChangeInvestors Asset Management of GeorgiaInvestors CHOICE Moderately Conservative Portfolio10/31/2017 12:00:00 AM7.62809.36134.91525.90397.62805.37260.71346.31608.340410.57534.174.011.081.392107Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21070.35000This portfolio strives to maintain an approximate 60% bond/cash allocation and 40% equities. This is slightly more aggressive than the conservative portfolio which should result in somewhat higher returns with slightly higher volatility. This portfolio has a slightly higher allocation to stocks but still has a majority position in bonds and/or cash (60% bonds/40% equities). It has a modestly higher return potential than the conservative portfolio with slightly more risk. This portfolio is appropriate for investors with a 3 to 5 year time horizon.0.01000.5215
ModelxChangeiSectors, LLCiSectors Capital Preservation Allocation10/31/2017 12:00:00 AM1.47611.62780.84890.88631.47612.8117-0.7742-0.63700.74816.34971.11.290.430.5176Short-Term Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1760.30000The iSectors® Capital Preservation Allocation model has been constructed for investors with a desire for principal stability over a 2-3 year period by creating a portfolio of investments with relatively low volatility. Nominal portfolio yield is a secondary goal of the model. The iSectors Capital Preservation model is intended for investors with short-to-intermediate time horizons. However, performance would be best evaluated over a complete market cycle. The model holds fixed income Exchange-Traded Funds (ETFs), primarily those that invest in short-duration, investment-grade debt instruments. A smaller portion of the assets may be placed in ETFs holding short-term international or high yield instruments within the context of limiting duration to approximately 3 (or less) while maintaining an overall investment grade rating for the entire portfolio. iSectors Capital Preservation model remains 100% allocated to short and intermediate-term fixed income allocations at all times. Diversification does not ensure a profit nor prevent against loss in a declining market. While stability of principal is the primary goal of this portfolio, the secondary objective is to provide current income higher than money market funds or short-term CDs. An investment in the iSectors Capital Preservation Allocation model, as with all iSectors models, is not guaranteed and will fluctuate in value. 0.6591
ModelxChangeiSectors, LLCiSectors Domestic Equity Allocation10/31/2017 12:00:00 AM11.425817.40539.156413.281711.425813.27360.216713.186228.617313.46518.748.861.011.431442Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14420.40000The objective of iSectors® Domestic Equity Allocation is to provide investors with long-term growth of capital. The portfolio is comprised exclusively of U.S. equity securities. The diversification methodology for the allocation is based upon traditional Modern Portfolio theory through capitalization and style-weighted (Large Cap Growth, Small-Cap Value, etc.) approach, allocating nearly 100% of the portfolio to low-cost, equity index based exchange-traded funds (ETFs). The majority of the portfolio is invested in large-capitalization issues. The portfolio is appropriate for investors with an aggressive risk utility and a long-term time horizon. 0.7278
ModelxChangeiSectors, LLCiSectors Domestic Fixed Income Allocation10/31/2017 12:00:00 AM2.70732.91072.70732569Multisector Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25690.30000The iSectors® Domestic Fixed Income Allocation is a strategic portfolio that seeks to provide investors with current income. The Domestic Fixed Income Allocation invests exclusively in U.S. fixed income securities through a selection of investment grade and high yield corporate securities laddered up to five years in maturity. Two percent of the portfolio is allocated to money market instruments to provide liquidity and facilitate transactions. The model is intended for investors with a conservative risk utility or for a conservative portion of a broader asset allocation. The Domestic Fixed Income Allocation seek to benefit from exchange traded fund’s low investment expenses, transparency, liquidity and diversification compared to most actively-managed mutual funds. 0.5530
ModelxChangeiSectors, LLCiSectors Endowment Allocation10/31/2017 12:00:00 AM9.600511.54713.38224.30519.60059.0573-6.60553.16085.64898.23216.896.820.460.62187Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1870.50000iSectors® Endowment 60-40 Allocation model is designed with the objective of achieving returns in excess of a simple 60-40 Equity/Fixed Income portfolio (as measured by a composite portfolio of 60% S&P 500 Index and 40% Barclays Aggregate Bond Index) over a complete market cycle, while maintaining a similar or better risk profile. iSectors Endowment models embrace the philosophy pursued by the managers of Endowment portfolios at institutions like Yale and Harvard, which have been aggressively allocating to "alternative investments" such as hedge funds, private equity and real assets for decades. Not only has this enabled their longer-term performance to be superior to their peer group, but also at a reduced risk level. While iSectors Endowment models are not designed to mirror the Yale asset allocation to the fullest extent, significant allocations are made to "alternative investments” in each model of the Endowment Series. iSectors Endowment models offer investors substantial diversification to more than 50, primarily index-based securities, a significant allocation to liquid alternative asset classes, as well as traditional domestic and international equity and fixed income asset classes. While iSectors does allocate to alternative investments, it does not allocate to private partnerships, which are illiquid and only available to accredited investors (investors with a net worth exceeding one million dollars). All iSectors models remain liquid and available to any institutional or individual investor that meets suitability requirements. These unique advantages are achieved by using alternative investments that are available either through an ETF, a mutual fund or other type of registered security. 0.01500.00751.6684
ModelxChangeiSectors, LLCiSectors Global Balanced Allocation10/31/2017 12:00:00 AM9.818310.78053.93265.95969.81836.7326-3.83663.079912.071212.65925.575.790.650.99181Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1810.40000The objective of the iSectors Global Balanced Allocation model is to provide for growth of capital and modest income. The portfolio is intended for investors with a moderate risk utility and an intermediate to longer term time horizon. iSectors® Global models are designed to offer turnkey, institutional-quality allocations among traditional asset classes, including domestic, international, and emerging market equity and fixed income securities. These strategic asset allocation models use a Mean Variance Optimization approach to determine the asset allocation. Consideration is given to Black Litterman, resampling and Monte Carlo simulations in the determination of the final portfolio allocations. iSectors Global models implement an index approach intended to reduce active management costs and the correlating drag on investor performance. Utilizing low-cost ETFs, low fees and a more sophisticated asset allocation approach to traditional domestic, international and emerging market equity and fixed-income securities. Approximately 50% of the portfolio is allocated to U.S. and non-U.S. fixed income securities, with the remaining 50% of the portfolio allocated to domestic and international equities. The fixed income portion of the portfolio is diversified using a number of low-cost exchange-traded funds (ETFs). The core of the fixed income portion of the portfolio will typically invest in investment grade, domestic and international government, mortgage-backed, municipal, or corporate bonds with various maturities. The remainder of the fixed income portfolio may be invested in ETFs that hold non-investment grade fixed income securities, high-yield bonds and emerging markets debt instruments in an effort to add diversification and the potential for increased returns. The equity portion of the portfolio is allocated using a diversified basket of domestic and international low-cost equity index-based ETFs. In addition, fundamentally-weighted and dividend focused index ETFs are used in an effort to enhance return and reduce volatility. 0.7525
ModelxChangeiSectors, LLCiSectors Global Conservative Allocation10/31/2017 12:00:00 AM8.45738.44962.55233.72258.45734.5427-4.07250.85137.193911.30443.994.210.560.83180Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1800.40000The objective of iSectors® Global Conservative Allocation model is to provide current income and offer some potential for capital appreciation. The portfolio is intended for investors with a moderate risk utility and a short to intermediate time horizon. iSectors® Global models are designed to offer turnkey, institutional-quality allocations among traditional asset classes, including domestic, international, and emerging market equity and fixed income securities. These strategic asset allocation models use a Mean Variance Optimization approach to determine the asset allocation. Consideration is given to Black Litterman, resampling and Monte Carlo simulations in the determination of the final portfolio allocations. iSectors Global models implement an index approach intended to reduce active management costs and the correlating drag on investor performance. Utilizing low-cost ETFs, low fees and a more sophisticated asset allocation approach to traditional domestic, international and emerging market equity and fixed-income securities. Approximately 75% of the portfolio is allocated to U.S. and non-U.S. fixed income securities, with the remaining 25% of the portfolio allocated to domestic and international equities. The fixed income portion of the portfolio is diversified using a number of low-cost exchange-traded funds (ETFs). The core of the fixed income portion of the portfolio will typically invest in investment grade, domestic and international government, mortgage-backed, municipal, or corporate bonds with various maturities. The remainder of the fixed income portfolio may be invested in ETFs that hold non-investment grade fixed income securities, high-yield bonds and emerging markets debt instruments in an effort to add diversification and potential for improving returns. The equity portion of the portfolio is allocated using a diversified basket of domestic and international low-cost equity index-based ETFs. In addition, fundamentally-weighted and dividend focused index ETFs are used in an effort to enhance return and reduce volatility. 0.7301
ModelxChangeiSectors, LLCiSectors Global Equity Allocation10/31/2017 12:00:00 AM14.283718.21357.556310.834314.283712.2487-3.38057.246721.761515.16499.129.180.81.14185Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1850.40000The iSectors Global Equity Allocation model seeks long-term growth of capital. This equity-only portfolio targets a diversified basket of domestic, emerging market, and international equity index, low-cost exchange-traded funds (ETFs). Fundamentally-weighted index ETFs (where the underlying indexes are based on dividends, or other fundamental criteria rather than capitalization-weighted indexes) are also incorporated into the portfolio in an effort to enhance return and reduce volatility. The portfolio is intended for investors with an aggressive risk utility and a long-term time horizon. iSectors® Global models are designed to offer turnkey, institutional-quality allocations among traditional asset classes, including domestic, international, and emerging market equity and fixed income securities. These strategic asset allocation models use a Mean Variance Optimization approach to determine the asset allocation. Consideration is given to Black Litterman, resampling and Monte Carlo simulations in the determination of the final portfolio allocations. iSectors Global models implement an index approach intended to reduce active management costs and the correlating drag on investor performance. Utilizing low-cost ETFs, low fees and a more sophisticated asset allocation approach to traditional domestic, international and emerging market equity and fixed-income securities. The Global Equity portfolio allocated among domestic and international equities using a diversified basket of domestic and international low-cost equity index-based ETFs. In addition, fundamentally-weighted and dividend focused index ETFs are used in an effort to enhance return and reduce volatility. 0.7959
ModelxChangeiSectors, LLCiSectors Global Fixed Income Allocation10/31/2017 12:00:00 AM5.07363.71060.33000.60895.07361.8599-4.3780-1.48960.91327.88202.742.86-0.010.14186World Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1860.40000The iSectors® Global Fixed Income Allocation model seeks to provide investors with current income through a portfolio of U.S. and non- U.S. fixed income securities. This model is intended for investors with a conservative risk utility and shorter-term time horizons. iSectors® Global models are designed to offer turnkey, institutional-quality allocations among traditional asset classes, including domestic, international, and emerging market equity and fixed income securities. These strategic asset allocation models use a Mean Variance Optimization approach to determine the asset allocation. Consideration is given to Black Litterman, resampling and Monte Carlo simulations in the determination of the final portfolio allocations. iSectors Global models implement an index approach intended to reduce active management costs and the correlating drag on investor performance. Utilizing low-cost ETFs, low fees and a more sophisticated asset allocation approach to traditional domestic, international and emerging market equity and fixed-income securities. The Global Fixed Income portfolio is allocated among U.S. and non-U.S. fixed income securities and is diversified using a number of low-cost, exchange-traded funds (ETFs). The core of this portfolio holds will typically invest in investment grade, domestic and international government, mortgage-backed, municipal, and corporate bonds with various maturities. The remainder of the portfolio may be invested in ETFs that hold noninvestment grade fixed income securities, high-yield bonds and emerging markets debt instruments in an effort to add diversification and the potential for increased returns. 0.7089
ModelxChangeiSectors, LLCiSectors Global Growth Allocation10/31/2017 12:00:00 AM12.145814.77225.84908.477312.14589.7274-3.61035.197916.959813.98677.337.490.761.09183Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1830.40000The objective of the iSectors Global Growth Allocation model is to provide for longer term growth of capital by investing in a diversified portfolio of equity exchange traded funds with an approximate 25% allocation to fixed income ETFs to reduce risk. The portfolio is intended for investors with a long-term time horizon and a somewhat aggressive risk utility who are willing to accept greater volatility in exchange for potentially greater returns. iSectors® Global models are designed to offer turnkey, institutional-quality allocations among traditional asset classes, including domestic, international, and emerging market equity and fixed income securities. These strategic asset allocation models use a Mean Variance Optimization approach to determine the asset allocation. Consideration is given to Black Litterman, resampling and Monte Carlo simulations in the determination of the final portfolio allocations. iSectors Global models implement an index approach intended to reduce active management costs and the correlating drag on investor performance. Utilizing low-cost ETFs, low fees and a more sophisticated asset allocation approach to traditional domestic, international and emerging market equity and fixed-income securities. Approximately 25% of the portfolio is allocated to U.S. and non-U.S. fixed income securities, with the remaining 75% of the portfolio allocated to domestic and international equities. The fixed income portion of the portfolio is diversified using a number of low-cost exchange-traded funds (ETFs). The core of the fixed income portion of the portfolio will typically invest in investment grade, domestic and international government, mortgage-backed, municipal, or corporate bonds with various maturities. The remainder of the fixed income portfolio may be invested in ETFs that hold non-investment grade fixed income securities, high-yield bonds and emerging markets debt instruments in an effort to add diversification and the potential for improving returns . The equity portion of the portfolio is allocated using a diversified basket of domestic and international low-cost equity index-based ETFs. In addition, fundamentally-weighted and dividend focused index ETFs are used in an effort to enhance return and reduce volatility. 0.7742
ModelxChangeiSectors, LLCiSectors Inflation Protection Allocation10/31/2017 12:00:00 AM4.93272.2816-0.5970-2.20214.932712.0847-13.4600-5.2380-6.30463.88218.728.18-0.07-0.26190Multialternativehttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1900.50000For an investment portfolio to maintain purchasing power, the investments within that portfolio must earn a rate of return that, net of taxes, at a minimum, keep pace with the rate of inflation. The core philosophy of the iSectors Inflation Protection Allocation model is a diversified optimally allocated portfolio that offers investors the potential to hedge the risks of inflation. The model portfolio is designed to grow rapidly in a high inflationary environment. The iSectors Inflation Protection Allocation model offers investors diversification among approximately 15 primarily index-based securities. The portfolio’s rapid growth, during periods of high inflation, is intended to mitigate the loss of purchasing power suffered by other investments that investors may own in their portfolio. The iSectors Inflation Protection Allocation is a strategic model that intends to hold a diversified portfolio of securities that historically have been resistant to inflationary pressures. Securities holdings within the model may include precious metals, including gold & silver, real estate, commodities, including timber and agricultural & energy, strategic/rare earth minerals, and inflation-protected bonds. iSectors Inflation Protection Allocation model invests in only registered, publicly-traded securities. Whenever possible, iSectors will seek to utilize exchange-traded funds (ETFs) when seeking an allocation to a particular broad-based index or asset class. Open and/or closed-end mutual funds or exchange-traded notes will/may be used when a suitable ETF is not available. The universes of asset classes that have historically shown positive performance during inflationary economic environments are considered for inclusion in this model. Those asset classes may include, but are not limited to, equities, inflation-protected fixed income securities, foreign currencies, various real assets, precious metals and/or commodities. Because the inflationary threat is partially based upon the potential for U.S. dollar devaluation, foreign currency and/or international equity and fixed income investments are part of the investment universe for this model. The iSectors Inflation Protection Allocation model, for the most part, uses a passive asset management approach and is intended to be utilized as a strategic buy-and-hold asset allocation model. The objective is to provide better risk-adjusted returns, through better asset allocation, than can be derived from active management or by only allocating assets among traditional asset classes such as stocks and bonds.0.01740.01740.9708
ModelxChangeiSectors, LLCiSectors Liquid Alternatives Allocation10/31/2017 12:00:00 AM7.14758.32901.77842.78887.14757.9923-7.8689-0.46047.77314.33646.245.980.250.45189Multialternativehttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1890.50000The model seeks to capitalize upon market inefficiencies in alternative investments to provide a better return and reduce volatility and portfolio drawdown when compared to a representative index of alternative investment strategies, (measured by the HFRX Global Hedge Fund Index) over a complete market cycle. The iSectors Liquid Alternatives model is not designed to be used as a stand-alone portfolio (as some of the other iSectors models have been), but rather to be utilized by investors as their alternatives allocation within an overall portfolio strategy. By their nature, alternative investments are typically longer-term vehicles. Thus, this model has been designed for investors with long-term investment horizons. This model embraces the philosophy pursued by the managers of endowment portfolios at institutions like Yale and Harvard, by allocating to alternative investments such as hedge funds, private equity and real assets. While this portfolio is not designed to mirror those asset allocations to the fullest extent, this model allocates nearly the entire portfolio to alternative investments. The iSectors Liquid Alternatives Allocation Model has been constructed to provide investors with a portfolio of liquid alternative investments, which we define as registered, publicly-traded securities to any asset class outside of traditional investments such as stocks and bonds. iSectors breaks these down into three broad categories: private equity, hedge strategies, and real assets. Liquid alternative investments are simply alternative investments structured as registered securities. They are still alternative investments. That is, they are hedge funds, private equity and real assets with profits primarily derived from inefficient markets, superior investment experience, and/or knowledge. Alternative investment registered security examples would be: exchange-traded funds, and open and/or closed-end mutual funds. They are not private partnerships and they do maintain daily or intraday liquidity, daily pricing, simple tax reporting, etc.0.02500.01252.1856
ModelxChangeiSectors, LLCiSectors Post-MPT Growth Allocation10/31/2017 12:00:00 AM11.951616.35296.312311.165811.95169.7309-4.538515.158528.28001.737710.4110.870.61.011443Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14430.50000The objective of iSectors® Post-MPT Growth Allocation is to achieve investment returns that outperform the S&P500 stock market index with lower downside risk over a complete market cycle. The portfolio manager objectively allocates and rebalances the portfolio among nine specific, low-correlated asset classes. The mathematical process is guided by a series of economic and capital market factors. Portfolios may be invested up to 40% at any one time into any single asset class, with the exception of government bonds, to which the model may allocate up to 67%. The iSectors® Post-MPT Growth Allocation may utilize leveraged ETFs up to a maximum of 33%. However, because iSectors® does not use borrowed money in its strategy, the service is available for retirement and non-profit accounts. 0.7227
ModelxChangeiSectors, LLCiSectors Post-MPT Moderate Allocation10/31/2017 12:00:00 AM12.982712.01255.52908.164112.98276.4371-3.756611.427116.06524.63367.367.830.721.01346Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL3460.50000The iSectors® Post-MPT Moderate Allocation seeks investment returns that outperform a 60-40 stock-bond index (as measured by 60% S&P 500 stock market index + 40% Barclays Aggregate Bond Index) with lower downside risk over a complete market cycle. The portfolio manager objectively allocates and rebalances the portfolio among up to 9 specific, low-correlated asset classes. The mathematical process is guided by a series of economic and capital market factors. Portfolios may be invested up to 30% at any one time into any single asset class, with the exception of government bonds, to which the model may allocate up to 50%. The iSectors Post-MPT Moderate Allocation does not use borrowed money in its strategy and remains 100% invested at all times (subject to a 2% cash allocation for liquidity purposes). The portfolio is strategically optimized and updated according to updated economic and capital market factors on a monthly basis.0.6090
ModelxChangeiSectors, LLCiSectors Precious Metals Allocation10/31/2017 12:00:00 AM17.02614.04742.5485-5.818817.026110.6278-16.7287-7.4914-24.55137.240518.4218.370.21-0.25179Commodities Precious Metalshttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1790.50000iSectors® Precious Metals Allocation objective is to provide a strategic model designed to offer investors a convenient, cost-effective approach to invest in a liquid, diversified portfolio of precious metals. The Allocation invests in the shares of exchange traded funds that are backed by physical bullion.. This allocation model invests in exchange-traded funds (ETFs) that hold portfolios of gold, silver, platinum or palladium bullion. The iSectors Precious Metals Allocation provides for ease of purchase, cost savings, and liquidity when compared to directly acquiring and holding physical precious metals bullion. Gold and other precious metals tend to have a place in most investment portfolios for many different reasons, including: global industrial demand, risks of inflation, currency devaluation, and global political instability. Precious metals are considered an inflation hedge, but have also done well in periods of low interest rates and in periods of recession/depression. In recent years, increased federal deficits and rising government debt have heightened economic uncertainty, intensifying the appeal of precious metals among U.S. investors. Growing industrial and investment demand coming from China and India have also been suggested as reasons for increasing prices for precious metals. Investment in precious metals has sometimes been avoided by investors, largely due to complexities such as time, effort, and costs associated with purchase, transportation, storage, insurance and security. By using ETFs, precious metals bullion can be owned in a simple, cost-effective fashion while providing daily liquidity, pricing and transparency with respect to the holdings. 0.9438
ModelxChangeiSectors, LLCiSectors Tactical Global Balanced Allocation10/31/2017 12:00:00 AM6.17695.48071.18012.16996.17691.4453-3.9543-0.70486.1067-2.9032191Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1910.50000Investment Objective This model’s objective is to earn a return that exceeds the return of a 60-40 stock-bond benchmark over a complete market cycle. The model utilizes a tactical approach to allocate among exchange-traded funds representing 7 major global asset classes in an attempt to profit during favorable market periods. The model also seeks to reduce portfolio volatility (minimize portfolio losses) by allocating a portion, or all of the portfolio to cash, cash equivalents, or short-term bonds. The iSectors® Tactical Global Balanced Allocation offers a comprehensive investment approach diversified across major global asset classes, including Domestic Equities, International and Emerging Market Equities, Bonds, Commodities, Gold and Real Estate. The model actively manages the investments within the portfolio, utilizing a trend following methodology to allocate among the model’s targeted asset classes and to cash. The model applies an objective, trend-following methodology to systematically rebalance the model on a monthly basis among the universe of asset classes that are exhibiting favorable characteristics. Up to 20% of the model's assets may be allocated to each asset class. The model may hold up to 100% cash, although the manager anticipates these periods to be transitory and infrequent. Extraordinary market volatility has challenged many static allocation portfolios over the past decade. This has caused investors to sell at inopportune times and/or avoid investing altogether. The iSectors® Tactical Global Balanced portfolio has been created to help investors match their need for growth with their desire for a lower-volatility portfolio. iSectors’ research has shown that investors can reduce portfolio volatility by selectively avoiding asset classes that are currently out of favor. In those instances, investors are often better served by holding cash. iSectors applies a systematic, trend-following approach to each of the asset classes in the portfolio. Using this objective algorithm, the model systematically invests in those asset classes which offer the potential for favorable returns while avoiding those asset classes that are in potentially protracted declines. The quantitative model is reviewed and reallocated on a monthly basis. 0.7392
ModelxChangeITS Asset Management, L.P.ITS Dynamic Conservative1492Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14920.45000Seeks total return commensurate with a lower level of aggregate equity risk relative to other ITS dynamic allocation strategies. Active management is driven primarily by equity stage shifting and style rotation. The strategy features a monthly trade capability, with equity and fixed income allocations determined by investment Stage. Stage 1 represents the lowest equity allocation at 15%, while Stage 3 contains the highest equity exposure at 50%. Therefore, the maximum overall range for the portfolio is 50% equity and 85% fixed income. For equity, all domestic and foreign style-oriented categories may be utilized. For fixed income, all fund categories are investable. Inverse and leveraged funds are excluded. The strategy has a +/-3% rebalance tolerance per position based upon model allocations.0.08250.05650.8753
ModelxChangeITS Asset Management, L.P.ITS Dynamic Growth1494Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14940.45000Seeks total return commensurate with a higher level of aggregate equity risk relative to other ITS dynamic allocation strategies. Active management is driven primarily by equity stage shifting and style rotation. The strategy features a monthly trade capability, with equity and fixed income allocations determined by investment Stage. Stage 1 represents the lowest equity allocation at 50%, while Stage 3 contains the highest equity exposure at 85%. Therefore, the maximum overall range for the portfolio is 85% equity and 50% fixed income. For equity, all domestic and foreign style-oriented categories may be utilized. For fixed income, all fund categories are investable. Inverse and leveraged funds are excluded. The strategy has a +/-3% rebalance tolerance per position based upon model allocations.0.11250.08051.0574
ModelxChangeITS Asset Management, L.P.ITS Dynamic Moderate10/31/2017 12:00:00 AM10.494612.05071.60863.438310.4946-0.0336-5.56143.16618.97967.48095.635.40.240.611493Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14930.45000Seeks total return commensurate with a moderate level of aggregate equity risk relative to other ITS dynamic allocation strategies. Active management is driven primarily by equity stage shifting and style rotation. The strategy features a monthly trade capability, with equity and fixed income allocations determined by investment Stage. Stage 1 represents the lowest equity allocation at 35%, while Stage 3 contains the highest equity exposure at 65%. Therefore, the maximum overall range for the portfolio is 65% equity and 65% fixed income. For equity, all domestic and foreign style-oriented categories may be utilized. For fixed income, all fund categories are investable. Inverse and leveraged funds are excluded. The strategy has a +/-3% rebalance tolerance per position based upon model allocations.0.07880.01800.9718
ModelxChangeITS Asset Management, L.P.ITS Global Core - Satellite10/31/2017 12:00:00 AM1.4680-1.40201.46802428Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL24280.45000Description to be added at a later date.0.8200
ModelxChangeITS Asset Management, L.P.ITS Global Premier10/31/2017 12:00:00 AM10.045911.16342.96392.010310.04592.5381-4.62123.27410.94994.27176.485.770.430.331490Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14900.45000Seeks a high level of total return emphasizing capital appreciation through a flexible global multi-asset allocation approach. Active management is driven primarily by macro market trends and geo-thematic factors. The strategy features a monthly trade capability, with investments structured in tiers. Tier 1 contains the highest allocations, while Tier 3 contains the lowest. Overall the portfolio may range between 100% equity and 100% fixed income. For both equity and fixed income allocations, all fund categories are investable with the exception of leveraged funds, which are excluded. The strategy has a +/-3% rebalance tolerance per position based upon model allocations.0.03880.01800.8670
ModelxChangeITS Asset Management, L.P.ITS Managed Portfolio Series Level 110/31/2017 12:00:00 AM6.36316.54203.99806.36311495Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14950.45000MPS Level 1 was designed for investors who are focused on capital preservation, but want more diversification and return potential than a portfolio comprised 100% of fixed income investments can provide. ITS Managed Portfolio Series Level 1 empahsizes capital preservation, but seeks greater diversification and return potential than a 100% fixed income portfolio. While overall asset allocation remains static at 15% equity and 85% fixed income, sector rotation, fund selection, and monthly trading allow investment exposure to be adjusted within a defined universe of sectors according to ITS's view of prevailing market conditions. Positions are maintained in six different investment sectors at all times with various weightings. The equity allocation is comprised of two sector positions with weights of 10% and 5%. The fixed income allocation is comprised of four sector positions with weights of 35%, 25%, 15%, and 10%. ITS MPS portfolios have the ability to trade monthly, and at minimum are rebalanced quarterly.0.07500.01300.9490
ModelxChangeITS Asset Management, L.P.ITS Managed Portfolio Series Level 210/31/2017 12:00:00 AM9.448910.18915.09809.44891496Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14960.45000MPS Level 2 was designed for investors who need some capital preservation, but want more growth potential than a more conservative portfolio can generally provide. ITS Managed Portfolio Series Level 2 emphasizes capital preservation to a degree, but seeks greater growth potential than a portfolio comprised of less equity can generally provide. While overall asset allocation remains static at 35% equity and 65% fixed income, sector rotation, fund selection, and monthly trading allow investment exposure to be adjusted within a defined universe of sectors according to ITS's view of prevailing market conditions. Positions are maintained in six different investment sectors at all times with various weightings. The equity allocation is comprised of three sector positions with weights of 15%, 12%, and 8%. The fixed income allocation is comprised of three sector positions with weights of 30%, 20%, and 15%. ITS MPS portfolios have the ability to trade monthly, and at minimum are rebalanced quarterly.0.07000.01650.9678
ModelxChangeITS Asset Management, L.P.ITS Managed Portfolio Series Level 310/31/2017 12:00:00 AM11.337213.10146.289811.33721497Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14970.45000MPS Level 3 was designed for investors who value the need for risk management, and their desire for investment reward, relatively equally. ITS Managed Portfolio Series Level 3 seeks to maintain a relative balance between risk mitigation and investment growth. While overall asset allocation remains static at 50% equity and 50% fixed income, sector rotation, fund selection, and monthly trading allow investment exposure to be adjusted within a defined universe of sectors according to ITS's view of prevailing market conditions. Positions are maintained in six different investment sectors at all times with various weightings. The equity and fixed income allocations are each comprised of three sector positions with weights of 25%, 15%, and 10%. ITS MPS portfolios have the ability to trade monthly, and at minimum are rebalanced quarterly.0.06250.02300.9674
ModelxChangeITS Asset Management, L.P.ITS Managed Portfolio Series Level 410/31/2017 12:00:00 AM11.375215.35087.016911.37521498Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14980.45000MPS Level 4 was designed for investors who are more focused on capital appreciation, but still want to mitigate stock market risk through diversification in bonds and other fixed income investments. ITS Managed Portfolio Series Level 4 places greater emphasis on capital appreication, but still seeks to mitigate some of the risk associated with equities through diversification in bonds and other fixed income investments. While overall asset allocation remains static at 65% equity and 35% fixed income, sector rotation, fund selection, and monthly trading allow investment exposure to be adjusted within a defined universe of sectors according to ITS's view of prevailing market conditions. Positions are maintained in six different investment sectors at all times with various weightings. The equity allocation is comprised of three sector positions with weights of 30%, 20%, and 15%. The fixed income allocation is comprised of three sector positions with weights of 15%, 12%, and 8%. ITS MPS portfolios have the ability to trade monthly, and at minimum are rebalanced quarterly.0.05630.03930.9770
ModelxChangeITS Asset Management, L.P.ITS Managed Portfolio Series Level 510/31/2017 12:00:00 AM12.529018.19008.748612.52901499Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL14990.45000MPS Level 5 was designed for investors who are primarily focused on capital appreciation, but want to maintain an element of diversification in their portfolio. ITS Managed Portfolio Series Level 5 emphasizes capital appreciation while maintaining an element of fixed income diversification. While overall asset allocation remains static at 85% equity and 15% fixed income, sector rotation, fund selection, and monthly trading allow investment exposure to be adjusted within a defined universe of sectors according to ITS's view of prevailing market conditions. Positions are maintained in six different investment sectors at all times with various weightings. The equity allocation is comprised of four sector positions with weights of 35%, 25%, 15%, and 10%. The fixed income allocation is comprised of two sector positions with weights of 10%, and 5%. ITS MPS portfolios have the ability to trade monthly, and at minimum are rebalanced quarterly.0.03750.05050.9618
ModelxChangeITS Asset Management, L.P.ITS Tactical CTA10/31/2017 12:00:00 AM8.961912.4295-2.5500-2.22828.9619-2.0125-12.6415-0.1267-6.00485.42698.357.7-0.31-0.292284Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL22840.45000The ITS Tactical CTA strategy seeks capital appreciation by investing opportunistically in both equity and fixed income. Active management of the strategy is driven primarily by macro market indicators, which are used to generate offensive, defensive, or balanced allocation signals. Overall, allocations may range from 100% equity to 100% fixed income.0.05500.8792
ModelxChangeITS Asset Management, L.P.ITS Tactical Equity10/31/2017 12:00:00 AM5.66126.91085.66122427Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL24270.45000Description to be added at a later date.0.7581
ModelxChangeJAForlines GlobalGlobal Tactical Allocation Conservative57World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL570.50000Combines a Tactical and Strategic top-down macro approach to asset allocation with a global orientation. Invests in ETFs across three asset classes – equities, fixed income and commodities - by taking a long-term secular view with tactical positioning during the shorter-term business and credit cycles. JFG builds Global Tactical Allocation portfolios utilizing top-down global macro research to weight three asset classes: fixed income, equities and alternatives. Portfolios are constructed with exchange traded products from global sector, regional and country perspectives. We tactically adjust our clients’ portfolios to shorter-term influences of credit, economic, political, and financial cycles using fundamental top-down financial conditions analysis. JFG's Global Tactical Allocation portfolio is used primarily as a "core" holding for Reps and Advisors' high net worth clients and is available as a QDIA option in Defined Contribution Plans.0.8034
ModelxChangeJAForlines GlobalGlobal Tactical Allocation Growth39World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL390.50000Combines a Tactical and Strategic top-down macro approach to asset allocation with a global orientation. Invests in ETFs across three asset classes – equities, fixed income and commodities - by taking a long-term secular view with tactical positioning during the shorter-term business and credit cycles. JFG builds Global Tactical Allocation portfolios utilizing top-down global macro research to weight three asset classes: fixed income, equities and alternatives. Portfolios are constructed with exchange traded products from global sector, regional and country perspectives. We tactically adjust our clients’ portfolios to shorter-term influences of credit, economic, political, and financial cycles using fundamental top-down financial conditions analysis. JFG's Global Tactical Allocation portfolio is used primarily as a "core" holding for Reps and Advisors' high net worth clients and is available as a QDIA option in Defined Contribution Plans.0.7585
ModelxChangeJAForlines GlobalGlobal Tactical Allocation Income1537Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL15370.50000The Risk Managed Income portfolio is designed to seek consistent levels of current income and preservation of principal. The portfolio can hold sovereign and corporate bonds denominated in both US dollar and foreign currency terms. Additionally, up 15% of the portfolio can be allocated to US and foreign equities, and up to 40% can be allocated to alternative asset classes. The strategy utilizes long-term macroeconomic and geopolitical variables to analyze the effects on currencies and interest rates. The portfolio’s performance objective is linked to the performance of global fixed income markets and, to a less extent, equity, currency, and alternative markets.0.8477
ModelxChangeJAForlines GlobalGlobal Tactical Allocation Moderate56World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL560.50000Combines a Tactical and Strategic top-down macro approach to asset allocation with a global orientation. Invests in ETFs across three asset classes – equities, fixed income and commodities - by taking a long-term secular view with tactical positioning during the shorter-term business and credit cycles. JFG builds Global Tactical Allocation portfolios utilizing top-down global macro research to weight three asset classes: fixed income, equities and alternatives. Portfolios are constructed with exchange traded products from global sector, regional and country perspectives. We tactically adjust our clients’ portfolios to shorter-term influences of credit, economic, political, and financial cycles using fundamental top-down financial conditions analysis. JFG's Global Tactical Allocation portfolio is used primarily as a "core" holding for Reps and Advisors' high net worth clients and is available as a QDIA option in Defined Contribution Plans.0.8432
ModelxChangeKerns Capital Management, Inc.KCM Dynamic Aggressive2748Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27480.45000The KCM Dynamic Aggressive portfolio is designed to be a comprehensive investment solution for plan participants who are aggressive as to risk tolerance. In general, the appropriate plan participant for this portfolio is one looking for growth of capital, is willing to assume larger fluctuations in the financial markets, and does not need to access their retirement funds soon. KCM’s Dynamic risk-based portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation. 0.6196
ModelxChangeKerns Capital Management, Inc.KCM Dynamic Conservative2744Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27440.45000The KCM Dynamic Conservative portfolio is designed to be a comprehensive investment solution for plan participants who are conservative as to risk tolerance. In general, the appropriate plan participant for this portfolio is one looking for preservation of capital, is less willing to assume large fluctuations in the financial markets, and may need to access their retirement funds at, or soon after, retirement. KCM’s Dynamic risk-based portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation. 0.6615
ModelxChangeKerns Capital Management, Inc.KCM Dynamic Moderate2746Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27460.45000The KCM Dynamic Moderate portfolio is designed to be a comprehensive investment solution for plan participants who are moderate as to risk tolerance. In general, the appropriate plan participant for this portfolio is one looking for preservation of capital, is less willing to assume large fluctuations in the financial markets, and may need to access their retirement funds at, or soon after, retirement. KCM’s Dynamic risk-based portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation. 0.6533
ModelxChangeKerns Capital Management, Inc.KCM Dynamic Moderately Aggressive2747Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27470.45000The KCM Dynamic Moderately Aggressive portfolio is designed to be a comprehensive investment solution for plan participants who are moderately aggressive as to risk tolerance. In general, the appropriate plan participant for this portfolio is one looking for growth of capital, is willing to assume some fluctuations in the financial markets, and may not need to access their retirement funds soon. KCM’s Dynamic risk-based portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation. 0.6389
ModelxChangeKerns Capital Management, Inc.KCM Dynamic Moderately Conservative2745Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27450.45000The KCM Dynamic Moderately Conservative portfolio is designed to be a comprehensive investment solution for plan participants who are moderately conservative as to risk tolerance. In general, the appropriate plan participant for this portfolio is one looking for preservation of capital, is less willing to assume large fluctuations in the financial markets, and may need to access their retirement funds at, or soon after, retirement. KCM’s Dynamic risk-based portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation. 0.6635
ModelxChangeKerns Capital Management, Inc.KCM Retirement Income2605Target Date 2011-2015https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26050.45000The KCM Smart Glide Retirement Income portfolio is designed to be a comprehensive investment solution for recently retired plan participants or those planning to retire prior to 2018. In general, the appropriate plan participant for this portfolio is one looking for preservation of capital, is less willing to assume large fluctuations in the financial markets, and may need to access their retirement funds at, or soon after, retirement. KCM’s Smart Glide portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation given multiple date ranges. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, KCM Smart Glide portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time.0.6645
ModelxChangeKerns Capital Management, Inc.KCM Smart Glide 20202627Target Date 2016-2020https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26270.45000The KCM Smart Glide 2020 portfolio is designed to be a comprehensive investment solution for plan participants planning to retire between the years 2018-2023. In general, the appropriate plan participant for this portfolio is one looking for preservation of capital, is less willing to assume large fluctuations in the financial markets, and may need to access their retirement funds at, or soon after, retirement. KCM’s Smart Glide portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation given multiple date ranges. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, KCM Smart Glide portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time.0.6615
ModelxChangeKerns Capital Management, Inc.KCM Smart Glide 20252628Target Date 2021-2025https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26280.45000The KCM Smart Glide 2025 portfolio is designed to be a comprehensive investment solution for plan participants expecting to retire between the years 2023-2028. In general, the appropriate plan participant for this portfolio is one who is willing to assume modest fluctuations in the financial markets during their working years and leading up to retirement, and/or may not need to access their retirement funds until years after retirement. KCM’s Smart Glide portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation given multiple date ranges. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, KCM Smart Glide portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time.0.6635
ModelxChangeKerns Capital Management, Inc.KCM Smart Glide 20302629Target Date 2026-2030https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26290.45000The KCM Smart Glide 2030 portfolio is designed to be a comprehensive investment solution for plan participants expecting to retire between the years 2028-2033. In general, the appropriate plan participant for this portfolio is one who is willing to assume modest fluctuations in the financial markets during their working years and leading up to retirement, and/or may not need to access their retirement funds until years after retirement. KCM’s Smart Glide portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation given multiple date ranges. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, KCM Smart Glide portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. 0.6533
ModelxChangeKerns Capital Management, Inc.KCM Smart Glide 20352630Target Date 2031-2035https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26300.45000The KCM Smart Glide 2035 portfolio is designed to be a comprehensive investment solution for plan participants expecting to retire between the years 2033-2038. In general, the appropriate plan participant for this portfolio is one who is willing to assume moderate fluctuations in the financial markets during their working years and leading up to retirement, and/or may not need to access their retirement funds until years after retirement. KCM’s Smart Glide portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation given multiple date ranges. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, KCM Smart Glide portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. 0.6491
ModelxChangeKerns Capital Management, Inc.KCM Smart Glide 20402632Target Date 2036-2040https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26320.45000The KCM Smart Glide 2040 portfolio is designed to be a comprehensive investment solution for plan participants expecting to retire between the years 2038-2043. In general, the appropriate plan participant for this portfolio is one who is willing to assume moderate fluctuations in the financial markets during their working years and leading up to retirement, and/or may not need to access their retirement funds until years after retirement. KCM’s Smart Glide portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation given multiple date ranges. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, KCM Smart Glide portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. 0.6389
ModelxChangeKerns Capital Management, Inc.KCM Smart Glide 20452633Target Date 2041-2045https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26330.45000The KCM Smart Glide 2045 portfolio is designed to be a comprehensive investment solution for plan participants expecting to retire between the years 2043-2048. In general, the appropriate plan participant for this portfolio is one who is willing to assume moderate fluctuations in the financial markets during their working years and leading up to retirement, and/or may not need to access their retirement funds until years after retirement. KCM’s Smart Glide portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation given multiple date ranges. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, KCM Smart Glide portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. 0.6327
ModelxChangeKerns Capital Management, Inc.KCM Smart Glide 20502751Target Date 2046-2050 https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27510.45000The KCM Smart Glide 2050 portfolio is designed to be a comprehensive investment solution for plan participants expecting to retire between the years 2048-2053. In general, the appropriate plan participant for this portfolio is one who is willing to assume fluctuations in the financial markets during their working years and leading up to retirement, and/or may not need to access their retirement funds until years after retirement. KCM’s Smart Glide portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation given multiple date ranges. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, KCM Smart Glide portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. 0.6221
ModelxChangeKerns Capital Management, Inc.KCM Smart Glide 20552749Target Date 2050+https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27490.45000The KCM Smart Glide 2055 portfolio is designed to be a comprehensive investment solution for plan participants expecting to retire between the years 2053-2058. In general, the appropriate plan participant for this portfolio is one who is willing to assume larger fluctuations in the financial markets during their working years and leading up to retirement, and/or does not need to access their retirement funds until years after retirement. KCM’s Smart Glide portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation given multiple date ranges. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, KCM Smart Glide portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time.0.6196
ModelxChangeKerns Capital Management, Inc.KCM Smart Glide 20602750Target-Date 2060+https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL27500.45000The KCM Smart Glide 2055 portfolio is designed to be a comprehensive investment solution for plan participants expecting to retire between the years 2053-2058. In general, the appropriate plan participant for this portfolio is one who is willing to assume larger fluctuations in the financial markets during their working years and leading up to retirement, and/or does not need to access their retirement funds until years after retirement. KCM’s Smart Glide portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward-looking financial market conditions. KCM’s process is based on a combination of tactical and strategic investment principles designed to protect against catastrophic loss and optimize the asset allocation given multiple date ranges. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, KCM Smart Glide portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. 0.6196
ModelxChangekPlans Investment ServicesFirst Water Cash Balance Conservative10/31/2017 12:00:00 AM1.79121.09961.79122890Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28900.25000This strategy seeks investment returns within the “Cash Balance Safe Zone” of 1% to 6% each year to meet the ICR of Cash Balance Plans, being mindful of implications on firm cash flow for shortfalls and Preservation of Capital Rule. he Model utilizes a multi-manager, “fund of funds”, approach across multiple asset classes that is reviewed and rebalanced every 90 days. The strategy further utilizes a blend of active and passive strategies from equity and fixed income along with strategic alternative investments and cash holdings. A tactical risk management overlay allows for tactical moves within the 90 day period. The managers take into account the targeted Cash Balance Interest Credit Rate (falling within the 4%-6% range), the year to date performance and the current investment climate. As the strategy achieves its targeted range of return, the managers may lower the risk exposure in order to preserve the gain for the year.0.03400.7783
ModelxChangekPlans Investment ServicesFirst Water Cash Balance Moderate2885Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28850.25000This strategy seeks investment returns towards the upper end of the “Cash Balance Safe Zone” of 1% to 6% each year to meet the Interest Credit Rate of Cash Balance Plans.0.00510.03600.7998
ModelxChangekPlans Investment ServicesFirst Water Cash Balance Ultra-Conservative10/31/2017 12:00:00 AM1.08120.64661.08122891Intermediate-Term Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28910.25000Cash Balance plans require a dedicated investment strategy due to their unique investment protocol. This strategy seeks investment returns towards the lower range of the “Cash Balance Safe Zone” of 1% to 6% each year to meet the Interest Credit Rate of Cash Balance Plans. The Model utilizes a multi-manager, “fund of funds”, approach across multiple asset classes that is reviewed and rebalanced every 90 days. The strategy further utilizes a blend of active and passive strategies from equity and fixed income along with strategic alternative investments and cash holdings. A tactical risk management overlay allows for tactical moves within the 90 day period. The managers take into account the targeted Cash Balance Interest Credit Rate (falling within the 4%-6% range), the year to date performance and the current investment climate. As the strategy achieves its targeted range of return, the managers may lower the risk exposure in order to preserve the gain for the year.0.03100.7517
ModelxChangeL&R Investment ManagementConcert Encompass Aggressive10/31/2017 12:00:00 AM-5.2638-5.26382051Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20510.40000This model is for investors who typically have substantial tolerance for day-to-day uncertainty, understand that markets work in extended, often unpredictable cycles, are not troubled by daily financial news, and may have either reliable income from other sources, or don not require access to their capital for 5 years or more. The Aggressive model targets enhanced returns through equity-focused holdings. 0.7600
ModelxChangeL&R Investment ManagementConcert Encompass Conservative10/31/2017 12:00:00 AM2049Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20490.40000This model is for investors who want to preserve investment value and have low tolerance for more volatile investments. In exchange, a low risk of daily market swings and possibility of moderate drawdowns is expected. The prospect of stability is preferred to the risks associated with higher levels of capital gains. This may be either due to the investor's personal risk aversion, income requirements, or a potential need to access portions of capital within a time-frame of 3-5 years. The Conservative model seeks to keep pace with inflation, minimally preserving the real value of investment.0.6120
ModelxChangeL&R Investment ManagementConcert Encompass Defensive10/31/2017 12:00:00 AM2048Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20480.40000The Defensive model is designed for the investor unable to wait years to recoup short-term losses. This may be either due to investor's personal risk aversion, income requirements, or a potential need to access large portions of capital within a relatively short or even unpredictable time-frame. This model targets stable income and capital preservation over the prospect of growth. Short-term fixed income or cash alternatives outside the scope of the programs may also be an option for these investors.0.4000
ModelxChangeL&R Investment ManagementConcert Encompass Moderate10/31/2017 12:00:00 AM2050Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20500.40000The Moderate model is for the investor who is comfortable with daily market swings and the possibility of occasional extended drawdowns, and is familiar with market cycles. The investor has alternative sources of income, is not concerned with accessing the majority of their investable assets for at least a five year period, and can wait to recover from short-term losses. The moderate targets diversified exposure to all major asset classes, attempting to achieve portfolio returns in excess of inflation. 1.1600
ModelxChangeL&R Investment ManagementConcert Encompass Speculative10/31/2017 12:00:00 AM2574Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25740.40000This model is for investors who seek maximum returns through concentrated exposure and are generally more seasoned to more aggressive investment strategies. This investor has a high tolerance for day-to-day volatility, have income from outside sources and do not require access to their capital for 5 or more years.0.4000
ModelxChangeL&R Investment ManagementLRIM Tactical Aggressive10/31/2017 12:00:00 AM-18.7927-22.1597-14.5887-18.7927-16.8975-1.5092-7.225110.158416.89-0.87850Trading-Miscellaneoushttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL8500.0000030% Long Equities and 70% Seasonal Equity Program This model has approximately 70% of the assets invested according to the LRIM Cycle Equity Program. The remaining 30% is invested and aggressively allocated for the entire year, which may include alternatives and commodity funds. When the Cycle Equity Program is in a negative rating, the model may invest in cash, alternative funds or ETFs. Additionally, this model may include inverse market positions. This fund is speculative in nature and may take concentrated positions.0.7780
ModelxChangeL&R Investment ManagementLRIM Tactical Balanced10/31/2017 12:00:00 AM-11.4970-14.6261-10.1520-11.4970-11.0502-10.02016.06075.93027.24-1.49902Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL9020.0000050% Seasonal Equity Program and 50% Bond Sector Program This model is invested according to the LRIM Cycle Equity Program (CEP) and the LRIM Bond Sector Program (BSP). Under normal conditions, the model allocations are 60% Cycle Equity Program and 40% Bond Sector Program The CEP assets are typically invested in growth managed funds or ETFs during the period which have historically been more productive while producing less negative periods. These assets are moved from equity to cash, bonds, commodities, or alternative for the remaining calendar year. This fund can have up to 100% cash during negative cycle periods. The BSP assets are allocated between cash, bonds, interest rate sensitive mutual funds and ETFS. Additionally, it may allocate up to 20% inverse positions.0.7235
ModelxChangeL&R Investment ManagementLRIM Tactical Conservative10/31/2017 12:00:00 AM7.88453.7121-1.66377.8845-8.1756-4.69563.55931.70065.41-0.35904Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL9040.00000100% Bond Sector Program All of the money in this model is invested according to the LRIM Bond Sector Program (BSP) while cycles are positive. When cycles are negative the model may add cash, alternative mutual funds or ETF's. The primary goal of the BSP is to preserve capital. The secondary objective is to earn a high rate of interest. The portfolio may be invested from 0%-100%. 0.4180
ModelxChangeL&R Investment ManagementLRIM Tactical Growth10/31/2017 12:00:00 AM-10.6369-14.8947-10.1533-10.6369-13.5653-3.2133-1.89388.614810.18-1.04901Trading-Miscellaneoushttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL9010.00000100% Seasonal Equity Program This model is invested according to the LRIM Cycle Equity Program. The assets are typically invested in growth managed funds or ETFs during the period which have historically been more productive while producing less negative periods. The assets are moved from equity to cash, bonds, commodities, or alternative for the remaining calendar year. This fund can have up to 100% cash during negative cycle periods. Additionally, it may allocate into inverse equity positions and leverage funds.0.7750
ModelxChangeL&R Investment ManagementLRIM Tactical Moderate10/31/2017 12:00:00 AM5.46123.0858-2.38155.4612-8.9090-3.85933.64333.69928.19-0.3903Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL9030.0000025% Seasonal Equity Program and 75% Bond Sector Program This model is invested according to the LRIM Cycle Equity Program (CEP) and the LRIM Bond Sector Program (BSP). Under normal conditions, the model allocations are 25% Cycle Equity Program and 75% Bond Sector Program The CEP assets are typically invested in growth managed funds or ETFs during periods which have historically been more productive. These assets are moved from equity to cash, bonds, commodities, or alternative for the remaining calendar year. This fund can have up to 100% cash during negative cycle periods. The BSP assets are allocated between cash, bonds, interest rate sensitive mutual funds and ETFS. Additionally, it may allocate up to 20% inverse equity positions. 0.5780
ModelxChangeLMK AdvisorsFixed Income Moderate10/31/2017 12:00:00 AM7.42217.42212592Multisector Bondhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25920.45000The Fixed Income Moderate objective is to achieve above average yields using moderate to average risk ETFs, providing an alternative to lower yielding Money Market and Stable Value Funds. The Fixed Income Moderate strategy employs both domestic and global taxable bonds, and preferred stocks, within a diversified portfolio of ETFs0.7195
ModelxChangeLoring Ward1. Loring Ward Global Defensive DFA10/31/2017 12:00:00 AM4.44065.70682.50083.61714.44064.0750-0.18061.53427.05996.38722.612.720.821.231501Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL15010.22000The objective of the Defensive portfolio is to provide capital preservation by investing in a portfolio of primarily bonds. It is designed for those who have a substantially lower tolerance for portfolio fluctuations. The investment time horizon is typically 3 years or more. Loring Ward portfolios are built using low-cost, institutional class mutual funds and contain as many as 9,000 securities in 45 countries, representing 35 currencies and 9 asset classes. The model is primarily based on the Fama-French “Three Factor Model.” The portfolio construction strategy focuses on investing in the three factors of risk and return: the market factor (stocks minus bonds), the value factor (value minus growth), and the size factor (small cap stocks minus large cap stocks). These risk factors may provide investors with returns over time that adequately compensate them for the additional risk inherent in the stock market as a whole, and value and small cap stocks in particular. A multi risk factor equity portfolio is combined with a short term (1- to 5-year average maturity) and high quality fixed income portfolio based on the client's constraints and risk and return objectives. The goal is to provide the highest returns for a given level of risk over time.0.4613
ModelxChangeLoring Ward2. Loring Ward Global Conservative DFA10/31/2017 12:00:00 AM6.87389.19454.27535.78716.87386.1187-0.34303.156811.47028.72693.964.070.981.341502Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL15020.22000The objective of the Conservative portfolio is to provide capital preservation and limited growth by investing in a portfolio of primarily bonds with some stocks. It is designed for those who have a lower tolerance for portfolio fluctuations. The investment time horizon is typically 3 to 5 years or more. Loring Ward portfolios are built using low-cost, institutional class mutual funds and contain as many as 9,000 securities in 45 countries, representing 35 currencies and 9 asset classes. The model is primarily based on the Fama-French “Three Factor Model.”  The portfolio construction strategy focuses on investing in the three factors of risk and return:  the market factor (stocks minus bonds), the value factor (value minus growth), and the size factor (small cap stocks minus large cap stocks).  These risk factors may provide investors with returns over time that adequately compensate  them for the additional risk inherent in the stock market as a whole, and value and small cap stocks in particular.  A multi risk factor equity portfolio is combined with a short term (1- to 5-year average maturity) and high quality fixed income portfolio based on the client's constraints and risk and return objectives.  The goal is to provide the highest returns for a given level of risk over time.0.4821
ModelxChangeLoring Ward3. Loring Ward Global Balanced DFA10/31/2017 12:00:00 AM8.292811.33904.74716.63258.29287.3596-1.19822.715414.089110.30405.065.080.871.251503Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL15030.22000The objective of the Balanced portfolio is to provide balance between capital preservation and growth. It is designed for those who have an average tolerance for portfolio fluctuations. The investment time horizon is typically 5 to 10 years or more. Loring Ward portfolios are built using low-cost, institutional class mutual funds and contain as many as 9,000 securities in 45 countries, representing 35 currencies and 9 asset classes. The model is primarily based on the Fama-French “Three Factor Model.”  The portfolio construction strategy focuses on investing in the three factors of risk and return:  the market factor (stocks minus bonds), the value factor (value minus growth), and the size factor (small cap stocks minus large cap stocks).  These risk factors may provide investors with returns over time that adequately compensate  them for the additional risk inherent in the stock market as a whole, and value and small cap stocks in particular.  A multi risk factor equity portfolio is combined with a short term (1- to 5-year average maturity) and high quality fixed income portfolio based on the client's constraints and risk and return objectives.  The goal is to provide the highest returns for a given level of risk over time.0.4981
ModelxChangeLoring Ward4. Loring Ward Global Moderate DFA10/31/2017 12:00:00 AM10.693915.02196.02858.588910.69399.3548-1.93014.189218.453812.67536.76.630.851.241504Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL15040.22000The objective of the Moderate portfolio is to provide some long-term growth by investing in both bonds and a greater allocation to stocks. It is designed for those who have a moderate tolerance for portfolio fluctuations. The investment time horizon is typically 10 to 15 years or more. Loring Ward portfolios are built using low-cost, institutional class mutual funds and contain as many as 9,000 securities in 45 countries, representing 35 currencies and 9 asset classes. The model is primarily based on the Fama-French “Three Factor Model.”  The portfolio construction strategy focuses on investing in the three factors of risk and return:  the market factor (stocks minus bonds), the value factor (value minus growth), and the size factor (small cap stocks minus large cap stocks).  These risk factors may provide investors with returns over time that adequately compensate  them for the additional risk inherent in the stock market as a whole, and value and small cap stocks in particular.  A multi risk factor equity portfolio is combined with a short term (1- to 5-year average maturity) and high quality fixed income portfolio based on the client's constraints and risk and return objectives.  The goal is to provide the highest returns for a given level of risk over time.0.5183
ModelxChangeLoring Ward5. Loring Ward Global Moderate Growth DFA10/31/2017 12:00:00 AM12.090917.15596.60849.683712.090910.2187-2.22254.781321.259014.23877.637.550.831.231505Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL15050.22000The objective of the Moderate Growth portfolio is to provide moderate long-term growth. It is designed for those seeking growth and willing to assume a higher level risk. These investors should have a long-term investment horizon and be able to withstand regular fluctuations in portfolio value. The investment time horizon is typically 10 to 20 years or greater. Loring Ward portfolios are built using low-cost, institutional class mutual funds and contain as many as 9,000 securities in 45 countries, representing 35 currencies and 9 asset classes. The model is primarily based on the Fama-French “Three Factor Model.”  The portfolio construction strategy focuses on investing in the three factors of risk and return:  the market factor (stocks minus bonds), the value factor (value minus growth), and the size factor (small cap stocks minus large cap stocks).  These risk factors may provide investors with returns over time that adequately compensate  them for the additional risk inherent in the stock market as a whole, and value and small cap stocks in particular.  A multi risk factor equity portfolio is combined with a short term (1- to 5-year average maturity) and high quality fixed income portfolio based on the client's constraints and risk and return objectives.  The goal is to provide the highest returns for a given level of risk over time.0.5281
ModelxChangeLoring Ward6. Loring Ward Global Capital Appreciation DFA10/31/2017 12:00:00 AM13.922419.84777.460310.841613.922412.0038-2.74244.586724.109415.73918.868.650.821.211506Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL15060.22000The objective of the Capital Appreciation portfolio is to provide long-term growth. It is designed for those interested in maximizing growth potential and willing to assume a higher level of risk to potentially achieve greater returns. These investors should have a long term investment horizon and be able to withstand significant fluctuations in portfolio value. The investment time horizon is typically 15 to 20 years or more. Loring Ward portfolios are built using low-cost, institutional class mutual funds and contain as many as 9,000 securities in 45 countries, representing 35 currencies and 9 asset classes. The model is primarily based on the Fama-French “Three Factor Model.”  The portfolio construction strategy focuses on investing in the three factors of risk and return:  the market factor (stocks minus bonds), the value factor (value minus growth), and the size factor (small cap stocks minus large cap stocks).  These risk factors may provide investors with returns over time that adequately compensate  them for the additional risk inherent in the stock market as a whole, and value and small cap stocks in particular.  A multi risk factor equity portfolio is combined with a short term (1- to 5-year average maturity) and high quality fixed income portfolio based on the client's constraints and risk and return objectives.  The goal is to provide the highest returns for a given level of risk over time.0.5420
ModelxChangeLoring Ward7. Loring Ward Global Equity DFA10/31/2017 12:00:00 AM15.776922.82798.328512.270215.776913.7044-3.25984.956427.839017.763710.249.940.81.191507Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL15070.22000The objective of the Equity portfolio is to maximize long-term growth potential. It is designed for those willing to assume a higher level of risk to potentially achieve greater returns. These investors should have a long-term investment horizon and be able to withstand sizable fluctuations in portfolio value. The investment time horizon is typically 20 years or more. Loring Ward portfolios are built using low-cost, institutional class mutual funds and contain as many as 9,000 securities in 45 countries, representing 35 currencies and 9 asset classes. The model is primarily based on the Fama-French “Three Factor Model.”  The portfolio construction strategy focuses on investing in the three factors of risk and return:  the market factor (stocks minus bonds), the value factor (value minus growth), and the size factor (small cap stocks minus large cap stocks).  These risk factors may provide investors with returns over time that adequately compensate  them for the additional risk inherent in the stock market as a whole, and value and small cap stocks in particular. The goal is to provide the highest returns for a given level of risk over time. 0.5578
ModelxChangeLunt Capital Management, Inc.Dynamic Aggressive Portfolio10/31/2017 12:00:00 AM11.260813.55946.22845.948611.26086.6416-3.28723.79528.78608.818.660.690.68286Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL2860.50000Diversified Allocation, Tactical Approach; Moderate/Aggressive Risk The Lunt Capital Dynamic Moderately Aggressive Portfolio is a broadly diversified, actively managed portfolio. Portfolio diversification includes exposure to equities, fixed income, and alternative assets. While the precise allocation may change, the portfolio targets an asset allocation of 55-75% equity, 5-10% fixed income, and 15-30% alternatives. Over 55% of the portfolio remains invested at all times, while up to 35% of the portfolio may rotate out of investment positions and into cash during volatile market periods. The portfolio employs tactical rotation strategies and is diversified by asset class, time frame, and investment exposure. This investment will use ETFs. Investors should consider these costs in light of the anticipated frequency and prospective invested dollar amounts when evaluating ETFs. ETFs may be suitable for long-term investment in the market represented in the relevant index and may also be used as an asset allocation tool or as a speculative trading instrument. ETNs are typically senior, unsecured, unsubordinated debt securities. Holders of ETNs are subject to the risks of the underlying firm that issues the securities. They are designed to provide investors with a new way to access the returns of market benchmarks or strategies. ETNs are not equities or index funds, but they do share several characteristics. For example, like equities, they trade on an exchange and can be shorted. Like an index fund, they are linked to the return of a benchmark index or strategy.0.7838
ModelxChangeLunt Capital Management, Inc.Dynamic Conservative Portfolio10/31/2017 12:00:00 AM4.78534.76031.40721.14384.78531.1036-1.2443-0.18460.92231.822.560.570.36287Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL2870.50000Diversified Allocation, Tactical Approach; Conservative/Moderate Risk The Lunt Capital Dynamic Conservative Portfolio is a broadly diversified, actively managed portfolio. Portfolio diversification includes exposure to equities, fixed income, and alternative assets. While the precise allocation may change, the portfolio targets an asset allocation of 10-20% equity, 70-80% fixed income, and 10-15% alternatives. Over 70% of the portfolio remains invested at all times, while up to 25% of the portfolio may rotate out of investment positions and into cash during volatile market periods. The portfolio employs tactical rotation strategies and is diversified by asset class, time frame, and investment exposure. This investment will use ETFs. Investors should consider these costs in light of the anticipated frequency and prospective invested dollar amounts when evaluating ETFs. ETFs may be suitable for long-term investment in the market represented in the relevant index and may also be used as an asset allocation tool or as a speculative trading instrument.ETNs are typically senior, unsecured, unsubordinated debt securities. Holders of ETNs are subject to the risks of the underlying firm that issues the securities. ETNs are not equities or index funds, but they do share several characteristics. For example, like equities, they trade on an exchange and can be shorted. Like an index fund, they are linked to the return of a benchmark index or strategy. There are risks involved with investing in ETFs including possible loss of money. Other risks include risks similar to stocks, including those regarding short selling and margin maintenance requirements. 0.7043
ModelxChangeLunt Capital Management, Inc.Dynamic Moderate Portfolio10/31/2017 12:00:00 AM7.92468.24443.10663.85587.92463.0858-3.59881.75557.99494.795.170.580.71288Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL2880.50000Diversified Allocation, Tactical Approach; Moderate Risk The Lunt Capital Dynamic Moderate Portfolio is a broadly diversified, actively managed portfolio. Portfolio diversification includes exposure to equities, fixed income, and alternative assets. While the precise allocation may change, the portfolio targets an asset allocation of 35-50% equity, 25-30% fixed income, and 15-25% alternatives. Over 50% of the portfolio remains invested at all times, while up to 45% of the portfolio may rotate out of investment positions and into cash during volatile market periods. The portfolio employs tactical rotation strategies and is diversified by asset class, time frame, and investment exposure. This investment will use ETFs. Investors should consider these costs in light of the anticipated frequency and prospective invested dollar amounts when evaluating ETFs. ETFs may be suitable for long-term investment in the market represented in the relevant index and may also be used as an asset allocation tool or as a speculative trading instrument. ETNs are typically senior, unsecured, unsubordinated debt securities. Holders of ETNs are subject to the risks of the underlying firm that issues the securities. ETNs are not equities or index funds, but they do share several characteristics. Like an index fund, they are linked to the return of a benchmark index or strategy. There are risks involved with investing in ETFs/ETNs including possible loss of money. Other risks include risks similar to stocks, including those regarding short selling and margin maintenance requirements.0.7295
ModelxChangeLunt Capital Management, Inc.Global Factor Rotation Portfolio10/31/2017 12:00:00 AM14.187211.181314.18722638World Stockhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL26380.25000The Lunt Capital Global Factor Rotation Portfolio is comprised of 50 percent of the Lunt Capital Global Momentum or Low Volatility Rotation Portfolio and 50 percent of the Lunt Capital US Large Cap Equity Rotation Portfolio. The Lunt Capital Global Momentum or Low Volatility portfolio is an aggressive, global equity, dynamic strategy designed for growth. Using proprietary, rules-based models, the strategy tactically rotates between momentum and low volatility equity components in US Large Cap, Int’l Developed, and Emerging Markets. The strategy stays fully allocated to three geographic market segments. The Lunt Capital US Large Cap Equity Rotation Portfolio is an aggressive, dynamic portfolio that tactically rotates between high beta and low volatility sub-components of the S&P 500 index. The strategy stays fully allocated to specific market segments at all times.0.8745
ModelxChangeLunt Capital Management, Inc.Global Momentum or Low Volatility Portfolio10/31/2017 12:00:00 AM20.328817.66322.109120.32880.5696-11.75881.333010.090.22755World Stockhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL7550.50000Equity Allocation, Tactical Approach; Aggressive Risk Lunt Capital’s Global Momentum or Low Volatility Portfolio is a tactical ETF portfolio with dynamic allocations to momentum and low volatility segments for U.S., international developed, and emerging market equities. The portfolio rotates to strength among distinct investment opportunity sets and remains fully invested. The portfolio is designed to adapt to changing market environments and provides tactical exposure to global risk on/risk off. This investment will use ETFs. Investors should consider these costs in light of the anticipated frequency and prospective invested dollar amounts when evaluating ETFs. ETFs may be suitable for long-term investment in the market represented in the relevant index and may also be used as an asset allocation tool or as a speculative trading instrument. There are risks involved with investing in ETFs including possible loss of money. Other risks include risks similar to stocks, including those regarding short selling and margin maintenance requirements.1.2566
ModelxChangeLunt Capital Management, Inc.Global Sectors Portfolio10/31/2017 12:00:00 AM12.530714.75703.90077.760912.53075.9942-6.15793.277922.55775.756.650.631.12756World Stockhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL7560.50000Equity Allocation, Tactical Approach; Moderate Aggressive Risk Lunt Capital’s Global Sectors Portfolio is a tactical ETF portfolio with dynamic allocations to U.S. and international equity sectors. The portfolio utilizes tactical investment strategies such as rotation to strength and rotation long/cash. The portfolio is designed to adapt to changing market environments and provides tactical exposure to global equities. This investment will use ETFs. Investors should consider these costs in light of the anticipated frequency and prospective invested dollar amounts when evaluating ETFs. ETFs may be suitable for long-term investment in the market represented in the relevant index and may also be used as an asset allocation tool or as a speculative trading instrument. There are risks involved with investing in ETFs including possible loss of money. Other risks include risks similar to stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. Concentrated industry investments involve greater risks than more diversified investments. The value of the stocks in some of the underlying indexes may be more volatile than stocks of other issues. An investor should anticipate that the value of their shares will increase or decrease in value more or less in correlation with increases or decreases in value of the underlying indexes. Leveraged ETFs or ETNS may vary widely from benchmarks due to the impact of compounding. ETNs are typically senior, unsecured, unsubordinated debt securities. Holders of ETNs are subject to the risks of the underlying firm that issues the securities. They are designed to provide investors with a new way to access the returns of market benchmarks or strategies. ETNs are not equities or index funds, but they do share several characteristics. For example, like equities, they trade on an exchange and can be shorted. Like an index fund, they are linked to the return of a benchmark index or strategy0.7326
ModelxChangeLunt Capital Management, Inc.US Large Cap Equity Rotation Portfolio10/31/2017 12:00:00 AM1842Large Blendhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL18420.50000The Lunt Capital US Large Cap Equity Rotation portfolio is an aggressive, dynamic portfolio that tactically rotates between high beta and low volatility sub-components of the S&P 500 index. Stays fully allocated to specific market segments at all times.0.7507
ModelxChangeMeeder Investment ManagementMeeder Age-Based 44 and Under10/31/2017 12:00:00 AM16.515320.72087.248916.51535.4896-0.79898.810.81649Target Date 2046-2050 https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16490.00000The 44 and under Age-Based Portfolio is designed for investors aged 44 and under. This Portfolio will invest in a broad range of asset classes, including domestic and international equity funds, real estate funds and commodity funds. This Portfolio will invest in a broad range of asset classes, including corporate and government bond funds, domestic and international equity funds, real estate funds and commodity funds. The following are the specific allocations in the asset classes and strategies listed above: 35% Defensive Growth, 20% Growth, 12% International, 10% Large-Cap, 8% Mid-Cap, 4% Small-Cap, 3% Real Estate, 3% Commodities, 3% Defensive Fixed-Income, 2% Bonds.1.2428
ModelxChangeMeeder Investment ManagementMeeder Age-Based 45-4910/31/2017 12:00:00 AM15.809419.65775.276215.80945.4706-5.45798.480.61650Target Date 2031-2035https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16500.00000The 45 - 49 Age-Based Portfolio is designed for investors between the ages of 45 and 49. This Portfolio will invest in a broad range of asset classes, including corporate and government bond funds, domestic and international equity funds, real estate funds and commodity funds. This Portfolio will invest in a broad range of asset classes, including corporate and government bond funds, domestic and international equity funds, real estate funds and commodity funds. The following are the specific allocations in the asset classes and strategies listed above: 33% Defensive Growth, 19% Growth, 11% International, 9% Large-Cap, 8% Mid-Cap, 5% Defensive Fixed-Income, 5% Bonds, 4% Small-Cap, 3% Real Estate, 3% Commodities.1.2576
ModelxChangeMeeder Investment ManagementMeeder Age-Based 50-5410/31/2017 12:00:00 AM14.632517.69294.864614.63255.2097-5.11677.640.611652Target Date 2026-2030https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16520.00000The 50 - 54 Age-Based Portfolio is designed for investors between the ages of 50 and 54. This Portfolio will invest in a broad range of asset classes, including corporate and government bond funds, domestic and international equity funds, real estate funds and commodity funds. This Portfolio will invest in a broad range of asset classes, including corporate and government bond funds, domestic and international equity funds, real estate funds and commodity funds. The following are the specific allocations in the asset classes and strategies listed above: 29% Defensive Growth, 17% Growth, 10% Defensive Fixed-Income, 10% Bonds, 10% International, 8% Large-Cap, 7% Mid-Cap, 3% Commodities, 3% Small-Cap, 3% Real Estate.1.2669
ModelxChangeMeeder Investment ManagementMeeder Age-Based 55-5910/31/2017 12:00:00 AM13.351915.93464.578113.35195.3916-4.79616.870.631653Target Date 2021-2025https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16530.00000The 55 - 59 Age-Based Portfolio is designed for investors between the ages of 55 and 59. This Portfolio will invest in a broad range of asset classes, including corporate and government bond funds, domestic and international equity funds, real estate funds and commodity funds. This Portfolio will invest in a broad range of asset classes, including corporate and government bond funds, domestic and international equity funds, real estate funds and commodity funds. The following are the specific allocations in the asset classes and strategies listed above: 25% Defensive Growth, 15% Defensive Fixed-Income, 15% Bonds, 15% Growth, 9% International, 8% Large-Cap, 6% Mid-Cap, 3% Small-Cap, 2% Real Estate, 2% Commodities.1.2661
ModelxChangeMeeder Investment ManagementMeeder Age-Based 60-6210/31/2017 12:00:00 AM12.119213.98694.154712.11925.1312-4.49006.060.641654Target Date 2016-2020https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16540.00000The 60 - 62 Age-Based Portfolio is designed for investors between the ages of 60 and 62. This Portfolio will invest in a broad range of asset classes, including corporate and government bond funds, domestic and international equity funds, real estate funds and commodity funds. This Portfolio will invest in a broad range of asset classes, including corporate and government bond funds, domestic and international equity funds, real estate funds and commodity funds. The following are the specific allocations in the asset classes and strategies listed above: 22% Defensive Growth, 20% Defensive Fixed-Income, 20% Bonds, 13% Growth, 7% International, 6% Large-Cap, 5% Mid-Cap, 3% Small-Cap, 2% Real Estate, 2% Commodities.1.2575
ModelxChangeMeeder Investment ManagementMeeder Age-Based 63-6410/31/2017 12:00:00 AM10.438011.84683.631410.43805.2354-4.11945.140.651655Target Date 2016-2020https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16550.00000The 63 - 64 Age-Based Portfolio is designed for investors between the ages of 63 and 64. This Portfolio will invest in a broad range of asset classes, including corporate and government bond funds, domestic and international equity funds, real estate funds and commodity funds. This Portfolio will invest in a broad range of asset classes, including corporate and government bond funds, domestic and international equity funds, real estate funds and commodity funds. The following are the specific allocations in the asset classes and strategies listed above: 30% Defensive Fixed-Income, 30% Bonds, 14% Defensive Growth, 9% Growth, 5% International, 4% Large-Cap, 4% Mid-Cap, 2% Small-Cap, 1% Real Estate, 1% Commodities.1.2410
ModelxChangeMeeder Investment ManagementMeeder Age-Based 65 and Over10/31/2017 12:00:00 AM9.483210.24783.38259.48325.2247-3.76804.440.691656Target Date 2011-2015https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL16560.00000The 65 and over Age-Based Portfolio is designed for investors aged 65 and over. This Portfolio will invest in a broad range of asset classes, including corporate and government bond funds, domestic and international equity funds, real estate funds and commodity funds. This Portfolio will invest in a broad range of asset classes, including corporate and government bond funds, domestic and international equity funds, real estate funds and commodity funds. The following are the specific allocations in the asset classes and strategies listed above: 35% Defensive Fixed-Income, 35% Bonds, 11% Defensive Growth, 7% Growth, 4% International, 3% Large-Cap, 2% Mid-Cap, 1% Small-Cap, 1% Real Estate, 1% Commodities.1.2278
ModelxChangeMeeder Investment ManagementMeeder Aggressive Growth Portfolio (ETFs)764Large Blendhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL7640.50000This portfolio seeks growth of capital over a long-term time horizon with the goal of outperforming the broad stock market over a complete market cycle by remaining fully invested in equities under normal conditions with a concentrated mix of sectors, styles, and capitalization range. Using our Aggressive Growth strategy, a constrained tactical strategy, this portfolio seeks growth of capital over a long-term time horizon with the goal of outperforming the broad stock market over a complete market cycle, while remaining fully invested in equities at all times. Our Aggressive Growth strategy shifts the portfolio between sectors, styles, global opportunities and capitalization ranges in a more concentrated manner than our Growth strategy. This portfolio is suitable for investors whose risk profile is such that they can tolerate volatility that is slightly greater than the stock market.0.6951
ModelxChangeMeeder Investment ManagementMeeder Aggressive Growth Portfolio (Mutual Funds)10/31/2017 12:00:00 AM14.537221.49246.292211.910514.53727.4114-4.639312.109630.573113.62699.83100.631.16333Large Blendhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL3330.00000This portfolio seeks growth of capital over a long-term time horizon with the goal of outperforming the broad stock market over a complete market cycle by remaining fully invested in equities under normal conditions with a concentrated mix of sectors, styles, and capitalization ranges. Using our Aggressive Growth strategy, a constrained tactical strategy, this portfolio seeks growth of capital over a long-term time horizon with the goal of outperforming the broad stock market over a complete market cycle, while remaining fully invested in equities at all times. Our Aggressive Growth strategy shifts the portfolio between sectors, styles, global opportunities and capitalization ranges in a more concentrated manner than our Growth strategy. This portfolio is suitable for investors whose risk profile is such that they can tolerate volatility that is slightly greater than the stock market.1.2348
ModelxChangeMeeder Investment ManagementMeeder Balanced Growth Portfolio (Mutual Funds)336Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL3360.00000This portfolio seeks to provide investors with long-term growth of capital and current income. Using a blend of our Growth and Fixed Income strategies, our Balanced Growth Portfolio maintains a target allocation of 60% Equity securities and 40% Fixed Income securities. Our Growth strategy shifts the portfolio between sectors, styles, global opportunities and capitalization ranges while our Fixed Income strategy shifts the portfolio duration and credit quality.1.1933
ModelxChangeMeeder Investment ManagementMeeder Balanced Income Portfolio (Mutual Funds)10/31/2017 12:00:00 AM8.718810.28173.76776.01578.71885.8398-3.22115.875411.885310.63094.815.120.721.12335Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL3350.00000This portfolio seeks to provide investors with current income and long-term growth of capital. Using a blend of our Growth and Fixed Income strategies, our Balanced Income Portfolio maintains a target allocation of 60% Fixed Income and 40% Equity securities. Our Growth strategy shifts the portfolio between sectors, styles, global opportunities and capitalization ranges while our Fixed Income strategy shifts the portfolio duration and credit quality. 1.1778
ModelxChangeMeeder Investment ManagementMeeder Balanced Portfolio (ETFs)760Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL7600.50000This portfolio seeks both long-term capital growth and current income for investors who are conservative but have some tolerance for risk. Using a blend of our Defensive Growth and Fixed Income strategies, this portfolio seeks to provide investors with a primary objective of long-term growth of capital and a secondary objective of current income by having a maximum exposure of 70% to equity securities and a minimum exposure of 30% to fixed income securities. However, by utilizing our Defensive Investing strategy which seeks to determine the risk/reward relationships of the stock market, the portion of the portfolio that is allocated to our Defensive Growth strategy (70%), an unconstrained tactical strategy, may at times be invested in fixed income and/or money market securities, which will result in a fixed income allocation between 30% and 100% of the total portfolio.0.7046
ModelxChangeMeeder Investment ManagementMeeder Balanced Portfolio (Mutual Funds)10/31/2017 12:00:00 AM12.422715.47244.77728.586912.42275.7723-4.53928.681520.872110.75406.196.810.721.21329Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL3290.00000This portfolio seeks both long-term capital growth and current income for investors who are conservative but have some tolerance for risk. Using a blend of our Defensive Growth and Fixed Income strategies, this portfolio seeks to provide investors with a primary objective of long-term growth of capital and a secondary objective of current income by having a maximum exposure of 70% to equity securities and a minimum exposure of 30% to fixed income securities. However, by utilizing our Defensive Investing strategy which seeks to determine the risk/reward relationships of the stock market, the portion of the portfolio that is allocated to our Defensive Growth strategy (70%), an unconstrained tactical strategy, may at times be invested in fixed income and/or money market securities, which will result in a fixed income allocation between 30% and 100% of the total portfolio.1.2173
ModelxChangeMeeder Investment ManagementMeeder Conservative Portfolio (ETFs)759Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL7590.50000This portfolio seeks to provide income from the bond market and investment gains from the stock market for investors who are risk-averse and prefer active portfolio management. Using a blend of our Defensive Growth and Fixed Income strategies, this portfolio seeks to provide risk averse investors with an asset mix that experiences lower volatility of returns by always having a minimum exposure of 70% to fixed income securities and a maximum exposure of 30% to equity securities. In addition, by utilizing our Defensive Investing strategy which seeks to determine the risk/reward relationships of the stock market, the portion of the portfolio that is allocated to our Defensive Growth strategy (30%), an unconstrained tactical strategy, may at times be invested in fixed income and/or money market securities, which will result in a fixed income allocation between 70% and 100% of the total portfolio.0.7181
ModelxChangeMeeder Investment ManagementMeeder Conservative Portfolio (Mutual Funds)10/31/2017 12:00:00 AM8.10008.42333.06744.69498.10004.7392-3.30714.77138.51179.11123.684.160.741.07326Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL3260.00000This portfolio seeks to provide income from the bond market and investment gains from the stock market for investors who are risk-averse and prefer active portfolio management. Using a blend of our Defensive Growth and Fixed Income strategies, this portfolio seeks to provide risk averse investors with an asset mix that experiences lower volatility of returns by always having a minimum exposure of 70% to fixed income securities and a maximum exposure of 30% to equity securities. In addition, by utilizing our Defensive Investing strategy which seeks to determine the risk/reward relationships of the stock market, the portion of the portfolio that is allocated to our Defensive Growth strategy (30%), an unconstrained tactical strategy, may at times be invested in fixed income and/or money market securities, which will result in a fixed income allocation between 70% and 100% of the total portfolio.1.2232
ModelxChangeMeeder Investment ManagementMeeder Growth Portfolio (ETFs)762Large Blendhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL7620.50000This portfolio seeks growth of capital over a long-term time horizon with a goal to outperform the broad stock market over a complete market cycle while remaining fully invested in equities under normal conditions. Using our Growth strategy, a constrained tactical strategy, this portfolio seeks growth of capital over a long-term time horizon with a goal of outperforming the broad stock market over a complete market cycle, while remaining fully invested in equities at all times. Our Growth strategy shifts the portfolio between sectors, styles, global opportunities and capitalization ranges. This portfolio is suitable for investors whose risk profile is such that they can tolerate the volatility of the stock market.0.6943
ModelxChangeMeeder Investment ManagementMeeder Growth Portfolio (Mutual Funds)10/31/2017 12:00:00 AM14.977621.49176.332113.251614.97767.0190-4.453118.610430.806713.72059.859.820.631.3331Large Blendhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL3310.00000This portfolio seeks growth of capital over a long-term time horizon with a goal to outperform the broad stock market over a complete market cycle while remaining fully invested in equities under normal conditions. Using our Growth strategy, a constrained tactical strategy, this portfolio seeks growth of capital over a long-term time horizon with a goal of outperforming the broad stock market over a complete market cycle, while remaining fully invested in equities at all times. Our Growth strategy shifts the portfolio between sectors, styles, global opportunities and capitalization ranges. This portfolio is suitable for investors whose risk profile is such that they can tolerate the volatility of the stock market.1.1953
ModelxChangeMeeder Investment ManagementMeeder Moderate Conservative Portfolio (ETFs)761Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL7610.50000This portfolio seeks to provide income from the bond market and investment gains from the stock market for investors who are seeking income and long-term growth potential while minimizing volatility. Using a blend of our Defensive Growth and Fixed Income strategies, this portfolio seeks to provide investors with a combination of both income and growth by always having a minimum exposure of 50% to fixed income securities and a maximum exposure of 50% to equity securities. In addition, by utilizing our Defensive Investing strategy which seeks to determine the risk/reward relationships of the stock market, the portion of the portfolio that is allocated to our Defensive Growth strategy (50%), an unconstrained tactical strategy, may at times be invested in fixed income and/or money market securities, which will result in a fixed income allocation between 50% and 100% of the total portfolio.0.7114
ModelxChangeMeeder Investment ManagementMeeder Moderate Conservative Portfolio (Mutual Funds)330Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL3300.00000This portfolio seeks to provide income from the bond market and investment gains from the stock market for investors who are seeking income and long-term growth potential while minimizing volatility. Using a blend of our Defensive Growth and Fixed Income strategies, this portfolio seeks to provide investors with a combination of both income and growth by always having a minimum exposure of 50% to fixed income securities and a maximum exposure of 50% to equity securities. In addition, by utilizing our Defensive Investing strategy which seeks to determine the risk/reward relationships of the stock market, the portion of the portfolio that is allocated to our Defensive Growth strategy (50%), an unconstrained tactical strategy, may at times be invested in fixed income and/or money market securities, which will result in a fixed income allocation between 50% and 100% of the total portfolio.1.2590
ModelxChangeMeeder Investment ManagementMeeder Moderate Growth Portfolio (ETFs)763Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL7630.50000This portfolio seeks growth of capital for growth oriented investors looking to minimize volatility. Using our Defensive Growth strategy, an unconstrained tactical strategy, this portfolio seeks capital appreciation for growth oriented investors looking to minimize volatility. Our Defensive Investing discipline seeks out the best opportunities for returns in the financial markets while managing the inherent risks of investing by shifting assets from equities to fixed income and money market securities when our analysis determines the risk/reward relationship of the stock market is unfavorable.0.6944
ModelxChangeMeeder Investment ManagementMeeder Moderate Growth Portfolio (Mutual Funds)10/31/2017 12:00:00 AM15.496720.61105.977511.620015.49676.3885-5.330311.867430.875412.20358.359.120.691.23332Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL3320.00000This portfolio seeks growth of capital for growth oriented investors looking to minimize volatility. Using our Defensive Growth strategy, an unconstrained tactical strategy, this portfolio seeks capital appreciation for growth oriented investors looking to minimize volatility. Our Defensive Investing discipline seeks out the best opportunities for returns in the financial markets while managing the inherent risks of investing by shifting assets from equities to fixed income and money market securities when our analysis determines the risk/reward relationship of the stock market is unfavorable.1.2272
ModelxChangeMembers Trust CompanyBalanced ETF2887Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28870.25000The Balanced ETF model includes all investment portfolios with a Fixed Income target allocation of 50% and Equity target allocation of 50%. The Balanced model invests in exchange traded funds seeking current income with the opportunity for capital growth through participation in the U.S. equity markets. 0.3521
ModelxChangeMembers Trust CompanyConservative ETF2886Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28860.25000The Conservative ETF model includes all investment portfolios with a Fixed Income target allocation of 60% and Equity target allocation of 40%. The Conservative model invests in exchange traded funds seeking current income while providing capital growth through participation in the U.S. and International equity markets.0.3604
ModelxChangeMembers Trust CompanyGrowth ETF2889Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28890.25000The Growth ETF model includes all investment portfolios with a Fixed Income target allocation of 10% and Equity target allocation of 90%. The Growth model invests in exchange traded funds seeking long term growth through participation in the U.S. and International equity markets. 0.3468
ModelxChangeMembers Trust CompanyIncome Focus ETF2880Allocation--15% to 30% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28800.25000The Income ETF model includes all investment portfolios with a Fixed Income target allocation of 75% and Equity target allocation of 25%. The Income Focus model invests in exchange traded funds while seeking to maximize current income and provide some opportunity for capital growth through participation in the U.S. and International equity market.0.3580
ModelxChangeMembers Trust CompanyModerate Growth ETF2888Allocation--85%+ Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL28880.25000The Moderate Growth ETF model includes all investment portfolios with a Fixed Income target allocation of 30% and Equity target allocation of 70%. The Moderate Growth model invests in exchange traded funds seeking long term growth of capital with a limited level of current income.0.3442
ModelxChangeMesirow FinancialMesirow Active Risk Managed1550World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL15500.35000The Mesirow Active Risk Managed Strategy seeks to achieve long-term growth of capital while protecting from significant market downfall through flexible adjustments to the asset allocation mix based on prevailing market conditions. This portfolio is best suited for investors near retirement that are seeking capital appreciation while mitigating downside risk in volatile markets. Using tactical asset allocation, the Mesirow Active Risk Managed strategy emphasizes growth when markets are stable by shifting to historically more volatile asset classes, such as equities and alternatives. It assesses expected volatility each month in order to keep portfolio volatility within a 6-12% range, with a long-term target of 10%. In high-risk market environments, the portfolio switches to the more conservative Mesirow Balanced Risk Managed strategy, which maintains balanced exposure to all systematic risk with the intent of generating consistent returns. 0.6583
ModelxChangeMesirow FinancialMesirow Balanced Risk Managed1549Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL15490.35000The Mesirow Balanced Risk Managed portfolio is a protected growth strategy that seeks to produce more consistent returns over time. The strategy aims to deliver stable returns by focusing on structural risk factor diversification in the prevailing economic regime. While an investor may not participate fully in an up market, the strategy is designed to help avoid big losses in a down market. This risk mitigation approach helps protect assets during a market downturn and better positions investors when the market swings up again. This portfolio is best suited for investors in retirement that are seeking stable capital appreciation with strong downside risk protection. The strategy diversifies by balancing macroeconomic risk factors (e.g., equity risk, interest rate risk and inflation risk) so that every asset class is considered but no one asset class is given preference over another. The strategy maintains a balanced exposure across major asset allocation approaches with a moderate exposure to alternative investments. Typically the portfolio has a greater allocation to fixed income than to equity. However, in normal market environments, there is meaningful allocation to equity and exposure to alternative asset classes. 0.7305
ModelxChangeMesirow FinancialMesirow Dynamic Momentum1545Tactical Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL15450.35000The Mesirow Dynamic Momentum strategy focuses on capital appreciation by responding to market conditions through opportunistic asset allocation combined with a systematic approach to mitigate downside risk in volatile markets. This portfolio is best suited for investors planning for retirement that are willing to participate in historically riskier asset allocation with the intent of receiving consistent alpha generation, while mitigating downside risk in volatile markets. The portfolio combines a flexible, diversified asset allocation designed for growth while managing risk by adjusting the asset allocation in response to high-risk market environments. The strategy employs a multi-level risk management system: 1. First, the strategy identifies downward trends in the returns of asset classes and then adjusts its exposure to those assets to better protect the portfolio from declining markets. 2. Secondly, the strategy is designed to respond to high risk market conditions by proportionally reducing all risky assets and move to safe heaven assets, such as cash and treasuries. 0.8080
ModelxChangeMesirow FinancialMesirow Stable Performance1551World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL15510.35000Mesirow Stable Performance seeks to achieve a balance between long-term capital appreciation and capital preservation in any market environment through a multi-strategy approach. This portfolio is best suited for investors at or near retirement seeking stable performance regardless of the market environment that are willing to sacrifice some upside potential for greater downside protection. Using a core-satellite approach, Mesirow Stable Performance is a globally-diversified solution that includes a non-correlated mix of conventional and absolute return investment strategies suitable any market environment. The core of the portfolio will target diversified exposure across various asset classes in an effort to balance the impact of volatility and return from different economic regimes. The satellite portion of the portfolio will target strategies that offer the opportunity to add incremental return or reduce portfolio volatility. The strategy will utilize an active-passive approach that will overweight core or satellite holdings during various stages of secular interest rate, economic, and financial-market cycles. 0.7684
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCAllianceOne 202010/31/2017 12:00:00 AM2075Target Date 2016-2020https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20750.10000To provide growth and income through broad global diversification of equity and fixed income investments, increasing the fixed income exposure as participants near their target retirement date. AllianceOne 2020 (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income mutual funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2020 (the target year). The Portfolio follows a “retire to” strategy intended to reduce equity risk exposure during a time when retirement planning is being finalized and the tolerance for downside volatility tends to be lower. The Portfolio’s target date glidepath increases fixed income exposure commensurately with age so that under normal circumstances the model will have approximately a 35% equity and 65% fixed income allocation when the participant is 65 years old. The Portfolio’s underlying funds are selected based on a variety of factors that have demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The AllianceOne Target Date portfolios may have a relatively higher small-cap and value weighting, additional factors that have historically demonstrated to add value over time. 0.00750.3161
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCAllianceOne 203010/31/2017 12:00:00 AM9.430810.43219.43082077Target Date 2026-2030https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20770.10000To provide growth and income through broad global diversification of equity and fixed income investments, increasing the fixed income exposure as participants near their target retirement date. AllianceOne 2030 (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income mutual funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2030 (the target year). The Portfolio follows a “retire to” strategy intended to reduce equity risk exposure during a time when retirement planning is being finalized and the tolerance for downside volatility tends to be lower. The Portfolio’s target date glidepath increases fixed income exposure commensurately with age so that under normal circumstances the model will have approximately a 35% equity and 65% fixed income allocation when the participant is 65 years old. The Portfolio’s underlying funds are selected based on a variety of factors that have demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The AllianceOne Target Date portfolios may have a relatively higher small-cap and value weighting, additional factors that have historically demonstrated to add value over time. 0.00750.3120
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCAllianceOne 204010/31/2017 12:00:00 AM2078Target Date 2036-2040https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20780.10000To provide growth and income through broad global diversification of equity and fixed income investments, increasing the fixed income exposure as participants near their target retirement date. AllianceOne 2040 (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income mutual funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2040 (the target year). The Portfolio follows a “retire to” strategy intended to reduce equity risk exposure during a time when retirement planning is being finalized and the tolerance for downside volatility tends to be lower. The Portfolio’s target date glidepath increases fixed income exposure commensurately with age so that under normal circumstances the model will have approximately a 35% equity and 65% fixed income allocation when the participant is 65 years old. The Portfolio’s underlying funds are selected based on a variety of factors that have demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The AllianceOne Target Date portfolios may have a relatively higher small-cap and value weighting, additional factors that have historically demonstrated to add value over time. 0.00750.3231
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCAllianceOne 205010/31/2017 12:00:00 AM12.686714.632012.68678.30612079Target Date 2046-2050 https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20790.10000To provide growth and income through broad global diversification of equity and fixed income investments, increasing the fixed income exposure as participants near their target retirement date. AllianceOne 2050 (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income mutual funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2050 (the target year). The Portfolio follows a “retire to” strategy intended to reduce equity risk exposure during a time when retirement planning is being finalized and the tolerance for downside volatility tends to be lower. The Portfolio’s target date glidepath increases fixed income exposure commensurately with age so that under normal circumstances the model will have approximately a 35% equity and 65% fixed income allocation when the participant is 65 years old. The Portfolio’s underlying funds are selected based on a variety of factors that have demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The AllianceOne Target Date portfolios may have a relatively higher small-cap and value weighting, additional factors that have historically demonstrated to add value over time. 0.00750.3166
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCAllianceOne 206010/31/2017 12:00:00 AM14.423616.758414.42362080Target Date 2050+https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20800.10000To provide growth and income through broad global diversification of equity and fixed income investments, increasing the fixed income exposure as participants near their target retirement date. AllianceOne 2060 (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income mutual funds according to an asset allocation strategy designed for investors planning to retire in or within a few years of 2060 (the target year). The Portfolio follows a “retire to” strategy intended to reduce equity risk exposure during a time when retirement planning is being finalized and the tolerance for downside volatility tends to be lower. The Portfolio’s target date glidepath increases fixed income exposure commensurately with age so that under normal circumstances the model will have approximately a 35% equity and 65% fixed income allocation when the participant is 65 years old. The Portfolio’s underlying funds are selected based on a variety of factors that have demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The AllianceOne Target Date portfolios may have a relatively higher small-cap and value weighting, additional factors that have historically demonstrated to add value over time. 0.00500.2873
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCMillenniuM 30% Equity ETF Portfolio10/31/2017 12:00:00 AM2528Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25280.25000The MillenniuM 30% Equity ETF Portfolio invests in domestic and foreign equity and fixed income investments according to an asset allocation strategy designed for investors primarily seeking current income and, secondarily, low to moderate long-term capital appreciation. The Portfolio will typically allocate 30% of its assets in equity investments and 70% of its assets in fixed income investments. Through circumstance or intention, the stated allocation percentages may have a +/- variance of up to 10%. The MillenniuM 30% Equity ETF Portfolio (the “30% Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income exchange traded funds (ETFs) according to an asset allocation strategy designed for investors who have a limited tolerance for market volatility, seek current income and low to moderate long-term capital appreciation and are willing to accept the potential for moderate periods of negative returns. Under normal circumstances, the Portfolio will allocate approximately 30% of its assets in U.S. and foreign equity ETFs and 70% in U.S. and foreign fixed income ETFs. The Portfolio’s underlying funds are selected based on a variety of factors that have historically demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The Portfolio may have higher small-cap and value weightings and lower volatility relative to its benchmark. 0.4450
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCMillenniuM 40% Equity ETF Portfolio10/31/2017 12:00:00 AM2529Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25290.25000The MillenniuM 40% Equity ETF Portfolio invests in domestic and foreign equity and fixed income investments according to an asset allocation strategy designed for investors primarily seeking current income and, secondarily, moderate to long-term capital appreciation. The Model will typically allocate 40% of its assets in equity investments and 60% of its assets in fixed income investments. Through circumstance or intention, the stated allocation percentages may have a +/- variance of up to 10%. The MillenniuM 40% Equity ETF Portfolio (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income exchange traded funds (ETFs) according to an asset allocation strategy designed for investors who seek current income and moderate long-term capital appreciation and have a tolerance for market volatility and willingness to accept the potential for moderate periods of negative returns. Under normal circumstances, the Portfolio will allocate approximately 40% of its assets in U.S. and foreign equity mutual funds and 60% in U.S. and foreign fixed income ETFs. The Portfolio’s underlying funds are selected based on a variety of factors that have historically demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The Portfolio may have higher small-cap and value weightings and lower volatility relative to its benchmark.0.4469
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCMillenniuM 50% Equity ETF Portfolio10/31/2017 12:00:00 AM2530Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25300.25000The MillenniuM 50% Equity ETF Portfolio invests in domestic and foreign equity and fixed income investments according to an asset allocation strategy designed for investors primarily seeking moderate long-term capital appreciation and, secondarily, current income. The Model will typically allocate 50% of its assets in equity investments and 50% of its assets in fixed income investments. Through circumstance or intention, the stated allocation percentages may have a +/- variance of up to 10%. The MillenniuM 50% Equity ETF Portfolio (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income exchange traded funds (ETFs) according to an asset allocation strategy designed for investors who seek moderate capital appreciation along with current income and have a tolerance for market volatility and willingness to accept the potential for extended periods of negative returns. Under normal circumstances, the Portfolio will allocate approximately 50% of its assets in U.S. and foreign equity ETFs and 50% in U.S. and foreign fixed income ETFs. The Portfolio’s underlying funds are selected based on a variety of factors that have historically demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The Portfolio may have higher small-cap and value weightings and lower volatility relative to its benchmark.0.4493
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCMillenniuM 60% Equity ETF Portfolio10/31/2017 12:00:00 AM2531Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25310.25000The MillenniuM 60% Equity ETF Portfolio invests in domestic and foreign equity and fixed income investments according to an asset allocation strategy designed for investors primarily seeking long-term capital appreciation and, secondarily, low to moderate current income. The Model will typically allocate 60% of its assets in equity investments and 40% of its assets in fixed income investments. Through circumstance or intention, the stated allocation percentages may have a +/- variance of up to 10%. The MillenniuM 60% Equity Portfolio (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income exchange traded funds (ETFs) according to an asset allocation strategy designed for investors who seek capital appreciation and have a high tolerance for market volatility and willingness to accept the potential for extended periods of negative returns. Under normal circumstances, the Portfolio will allocate approximately 60% of its assets in U.S. and foreign equity ETFs and 40% in U.S. and foreign fixed income ETFs. The Portfolio’s underlying funds are selected based on a variety of factors that have historically demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The Portfolio may have higher small-cap and value weightings and lower volatility relative to its benchmark.0.4590
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCMillenniuM 70% Equity ETF Portfolio10/31/2017 12:00:00 AM2532Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL25320.25000The MillenniuM 70% Equity ETF Portfolio invests in domestic and foreign equity and fixed income investments according to an asset allocation strategy designed for investors primarily seeking long-term capital appreciation and, secondarily, low to moderate current income. The Model will typically allocate 70% of its assets in equity investments and 30% of its assets in fixed income investments. Through circumstance or intention, the stated allocation percentages may have a +/- variance of up to 10%. The MillenniuM 70% Equity ETF Portfolio (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income exchange traded funds (ETFs) according to an asset allocation strategy designed for investors who seek capital appreciation and have a high tolerance for market volatility and willingness to accept the potential for extended periods of negative returns. Under normal circumstances, the Portfolio will allocate approximately 70% of its assets in U.S. and foreign equity ETFs and 30% in U.S. and foreign fixed income ETFs. The Portfolio’s underlying funds are selected based on a variety of factors that have historically demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The Portfolio may have higher small-cap and value weightings and lower volatility relative to its benchmark.0.4590
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCMillenniuM Aggressive Portfolio10/31/2017 12:00:00 AM14.366916.595014.36692128Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21280.25000The MillenniuM Aggressive Portfolio invests in domestic and foreign equity and fixed income investments according to an asset allocation strategy designed for investors primarily seeking long-term capital appreciation and, secondarily, low to moderate current income. The Model will typically allocate between 65% and 90% of its assets in equity investments and between 10% and 35% of its assets in fixed income investments. The MillenniuM Aggressive Portfolio (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income mutual funds according to an asset allocation strategy designed for investors who seek capital appreciation and have a high tolerance for market volatility and willingness to accept the potential for extended periods of negative returns. Under normal circumstances, the Portfolio will allocate approximately 80% of its assets in U.S. and foreign equity mutual funds and 20% in U.S. and foreign fixed income mutual funds. The Portfolio’s underlying funds are selected based on a variety of factors that have demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The Portfolio may have relatively higher small-cap and value weightings, additional factors that have historically demonstrated to add value over time. 0.01000.5651
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCMillenniuM Conservative Portfolio10/31/2017 12:00:00 AM6.99197.11396.99192132Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21320.25000The MillenniuM Conservative Portfolio invests in domestic and foreign equity and fixed income investments according to an asset allocation strategy designed for investors primarily seeking current income and, secondarily, low to moderate long-term capital appreciation. The Portfolio will typically allocate between 15% and 40% of its assets in equity investments and between 60% and 85% of its assets in fixed income investments. The MillenniuM Conservative Portfolio (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income mutual funds according to an asset allocation strategy designed for investors who seek current income and low to moderate long-term capital appreciation and have a limited tolerance for market volatility and willingness to accept the potential for moderate periods of negative returns. Under normal circumstances, the Portfolio will allocate approximately 30% of its assets in U.S. and foreign equity mutual funds and 70% in U.S. and foreign fixed income mutual funds. The Portfolio’s underlying funds are selected based on a variety of factors that have demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The Portfolio may have relatively higher small-cap and value weightings, additional factors that have historically demonstrated to add value over time. 0.02000.5997
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCMillenniuM Moderate Portfolio10/31/2017 12:00:00 AM11.521813.131411.52182130Allocation--50% to 70% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21300.25000The MillenniuM Moderate Portfolio invests in domestic and foreign equity and fixed income investments according to an asset allocation strategy designed for investors primarily seeking moderate long-term capital appreciation and, secondarily, current income. The Model will typically allocate between 45% and 70% of its assets in equity investments and between 30% and 55% of its assets in fixed income investments. The MillenniuM Moderate Portfolio (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income mutual funds according to an asset allocation strategy designed for investors who seek moderate capital appreciation along with current income and have a tolerance for market volatility and willingness to accept the potential for extended periods of negative returns. Under normal circumstances, the Portfolio will allocate approximately 60% of its assets in U.S. and foreign equity mutual funds and 40% in U.S. and foreign fixed income mutual funds. The Portfolio’s underlying funds are selected based on a variety of factors that have demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The Portfolio may have relatively higher small-cap and value weightings, additional factors that have historically demonstrated to add value over time. 0.01500.5781
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCMillenniuM Moderately Aggressive Portfolio10/31/2017 12:00:00 AM13.508015.162313.50802129Allocation--70% to 85% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21290.25000The MillenniuM Moderately Aggressive Portfolio invests in domestic and foreign equity and fixed income investments according to an asset allocation strategy designed for investors primarily seeking long-term capital appreciation and, secondarily, low to moderate current income. The Model will typically allocate between 55% and 75% of its assets in equity investments and between 25% and 45% of its assets in fixed income investments. The MillenniuM Moderately Aggressive Portfolio (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income mutual funds according to an asset allocation strategy designed for investors who seek capital appreciation and have a high tolerance for market volatility and willingness to accept the potential for extended periods of negative returns. Under normal circumstances, the Portfolio will allocate approximately 70% of its assets in U.S. and foreign equity mutual funds and 30% in U.S. and foreign fixed income mutual funds. The Portfolio’s underlying funds are selected based on a variety of factors that have demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The Portfolio may have relatively higher small-cap and value weightings, additional factors that have historically demonstrated to add value over time. 0.01250.5778
ModelxChangeMillenniuM Investment & Retirement Advisors, LLCMillenniuM Moderately Conservative Portfolio2131Allocation--30% to 50% Equityhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL21310.25000The MillenniuM Moderately Conservative Portfolio invests in domestic and foreign equity and fixed income investments according to an asset allocation strategy designed for investors primarily seeking current income and, secondarily, moderate long-term capital appreciation. The Model will typically allocate between 30% and 50% of its assets in equity investments and between 50% and 70% of its assets in fixed income investments. The MillenniuM Moderately Conservative Portfolio (the “Portfolio”) invests in a broadly diversified portfolio of global equity and fixed income mutual funds according to an asset allocation strategy designed for investors who seek current income and moderate long-term capital appreciation and have a tolerance for market volatility and willingness to accept the potential for moderate periods of negative returns. Under normal circumstances, the Portfolio will allocate approximately 45% of its assets in U.S. and foreign equity mutual funds and 55% in U.S. and foreign fixed income mutual funds. The Portfolio’s underlying funds are selected based on a variety of factors that have demonstrated to add long-term value such as: relatively low expenses, low portfolio turnover, low standard deviation, high Sharpe, Treynor and Sortino ratios and favorable upside/downside capture ratios. The Portfolio may have relatively higher small-cap and value weightings, additional factors that have historically demonstrated to add value over time. 0.01750.5992
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Global Balanced10/31/2017 12:00:00 AM13.160013.38095.97687.754113.16006.4583-1.60307.752210.697112.99436.336.50.891.151173World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11730.25000The New Frontier ETF Global Balanced Portfolio is a risk-targeted core investment, consisting of ETF funds optimized relative to a 60/40 stock/bond ratio. This portfolio is designed to provide current income and long term capital growth. The strategy invests in fifteen to twenty exchange traded funds. The New Frontier ETF Global Balanced Portfolio is a risk-targeted core investment optimized relative to a 60/40 stock/bond ratio. New Frontier employs our patented Michaud optimization and Michaud-Esch rebalancing test to structure and monitor the asset allocation. We choose quality ETFs that span investable global economic growth to construct the portfolios. Please visit https://newfrontieradvisors.com/ or contact us for more information.0.4672
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Global Balanced Growth10/31/2017 12:00:00 AM15.416716.76076.69189.017315.41677.0776-1.80546.796014.865614.89357.67.610.841.141174World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11740.25000The New Frontier ETF Global Balanced Growth Portfolio is a risk-targeted core investment, consisting of ETF funds optimized relative to a 75/25 stock/bond ratio. This portfolio is designed for long term capital growth with a secondary focus on current income. The strategy invests in fifteen to twenty exchange traded funds. The New Frontier ETF Global Balanced Growth Portfolio is a risk-targeted core investment optimized relative to a 75/25 stock/bond ratio. New Frontier employs our patented Michaud optimization and Michaud-Esch rebalancing test to structure and monitor the asset allocation. We choose quality ETFs that span investable global economic growth to construct the portfolios. Please visit https://newfrontieradvisors.com/ or contact us for more information. 0.4677
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Global Balanced Growth Tax-Sensitive2015World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20150.25000The New Frontier ETF Global Balanced Growth Tax-Sensitive Portfolio is a risk-targeted core investment, consisting of ETF funds optimized relative to a 75/25 stock/bond ratio. This portfolio is designed for long term capital growth with a secondary focus on current income in a taxable account. The strategy invests in fifteen to twenty-five exchange traded funds. New Frontier's tax-sensitive portfolios do not just replace treasuries with municipal bonds as most tax-sensitive strategies do. Taxes are considered at every step of our unique portfolio construction process. We structure our trade and rebalancing decisions to minimize tax effects. Going from broad to specific, this includes avoiding trading without benefit, minimizing turnover, offsetting positive with negative capital gains, favoring small capital losses to capital gains, and favoring long term capital gains to short term. Also, we use ETFs, which provide more tax efficiency than mutual funds. Please visit https://newfrontieradvisors.com/ or contact us for more information.0.4707
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Global Balanced Income10/31/2017 12:00:00 AM9.72498.93104.67735.70749.72495.2933-1.30697.73065.52769.95954.725.060.911.081172World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11720.25000The New Frontier ETF Global Balanced Income Portfolio is a risk-targeted core investment, consisting of ETF funds optimized relative to a 40/60 stock/bond ratio. This portfolio is designed for investors seeking current income with the potential for long term capital growth. The strategy invests in fifteen to twenty exchange traded funds. The New Frontier ETF Global Balanced Income Portfolio is a risk-targeted core investment optimized relative to a 40/60 stock/bond ratio. New Frontier employs our patented Michaud optimization and Michaud-Esch rebalancing test to structure and monitor the asset allocation. We choose quality ETFs that span investable global economic growth to construct the portfolios. Please visit https://newfrontieradvisors.com/ or contact us for more information.0.4585
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Global Balanced Income Tax-Sensitive2013World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20130.25000The New Frontier ETF Global Balanced Income Tax-Sensitive Portfolio is a risk-targeted core investment, consisting of ETF funds optimized relative to a 40/60 stock/bond ratio. This portfolio is designed for investors seeking current income and capital appreciation in a taxable account. The strategy invests in fifteen to twenty-five exchange traded funds. New Frontier's tax-sensitive portfolios do not just replace treasuries with municipal bonds as most tax-sensitive strategies do. Taxes are considered at every step of our unique portfolio construction process. We structure our trade and rebalancing decisions to minimize tax effects. Going from broad to specific, this includes avoiding trading without benefit, minimizing turnover, offsetting positive with negative capital gains, favoring small capital losses to capital gains, and favoring long term capital gains to short term. Also, we use ETFs, which provide more tax efficiency than mutual funds. Please visit https://newfrontieradvisors.com/ or contact us for more information.0.4778
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Global Balanced Tax-Sensitive2014World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20140.25000The New Frontier ETF Global Balanced Tax-Sensitive Portfolio is a risk-targeted core investment, consisting of ETF funds optimized relative to a 60/40 stock/bond ratio. This portfolio is designed to provide current income and long term capital growth in a taxable account. The strategy invests in fifteen to twenty-five exchange traded funds. New Frontier's tax-sensitive portfolios do not just replace treasuries with municipal bonds as most tax-sensitive strategies do. Taxes are considered at every step of our unique portfolio construction process. We structure our trade and rebalancing decisions to minimize tax effects. Going from broad to specific, this includes avoiding trading without benefit, minimizing turnover, offsetting positive with negative capital gains, favoring small capital losses to capital gains, and favoring long term capital gains to short term. Also, we use ETFs, which provide more tax efficiency than mutual funds. Please visit https://newfrontieradvisors.com/ or contact us for more information.0.4767
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Global Equity10/31/2017 12:00:00 AM19.330422.77907.688010.673819.33048.1508-2.53304.121621.266517.152510.079.730.751.071176World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11760.25000The New Frontier ETF Global Equity Portfolio is a risk-targeted core investment, consisting of ETF funds optimized relative to a 100/0 stock/bond ratio. The all equity portfolio is designed to capture the growth of global equity markets over the long term. The strategy invests in ten to twenty exchange traded funds. The New Frontier ETF Global Equity Portfolio is a risk-targeted core investment optimized for all equity. New Frontier employs our patented Michaud optimization and Michaud-Esch rebalancing test to structure and monitor the asset allocation. We choose quality ETFs that span investable global economic growth to construct the portfolios. Please visit https://newfrontieradvisors.com/ or contact us for more information.0.4530
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Global Equity Tax-Sensitive Portfolio2017World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20170.25000The New Frontier ETF Global Equity Tax-Sensitive Portfolio is a risk-targeted core investment, consisting of ETF funds optimized relative to a 100/0 stock/bond ratio. The all equity portfolio is designed to capture the growth of global equity markets over the long term in a taxable account. The strategy invests in ten to twenty-five exchange traded funds. New Frontier's tax-sensitive portfolios do not just replace treasuries with municipal bonds as most tax-sensitive strategies do. Taxes are considered at every step of our unique portfolio construction process. We structure our trade and rebalancing decisions to minimize tax effects. Going from broad to specific, this includes avoiding trading without benefit, minimizing turnover, offsetting positive with negative capital gains, favoring small capital losses to capital gains, and favoring long term capital gains to short term. Also, we use ETFs, which provide more tax efficiency than mutual funds. Please visit https://newfrontieradvisors.com/ or contact us for more information.0.4564
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Global Growth10/31/2017 12:00:00 AM18.163121.02737.465210.142618.16317.8526-2.16835.142018.632116.38779.178.960.791.11175World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11750.25000The New Frontier ETF Global Growth Portfolio is a risk-targeted core investment, consisting of ETF funds optimized relative to a 90/10 stock/bond ratio. This portfolio is designed for long term capital growth. The strategy invests in fifteen to twenty exchanged traded funds. The New Frontier ETF Global Growth Portfolio is a risk-targeted core investment optimized relative to a 90/10 stock/bond ratio. New Frontier employs our patented Michaud optimization and Michaud-Esch rebalancing test to structure and monitor the asset allocation. We choose quality ETFs that span investable global economic growth to construct the portfolios. Please visit https://newfrontieradvisors.com/ or contact us for more information.0.4602
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Global Growth Tax-Sensitive2016World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20160.25000The New Frontier ETF Global Growth Tax-Sensitive Portfolio is a risk-targeted core investment, consisting of ETF funds optimized relative to a 90/10 stock/bond ratio. This portfolio is designed for long term capital growth in a taxable account. The strategy invests in fifteen to twenty-five exchange traded funds. New Frontier's tax-sensitive portfolios do not just replace treasuries with municipal bonds as most tax-sensitive strategies do. Taxes are considered at every step of our unique portfolio construction process. We structure our trade and rebalancing decisions to minimize tax effects. Going from broad to specific, this includes avoiding trading without benefit, minimizing turnover, offsetting positive with negative capital gains, favoring small capital losses to capital gains, and favoring long term capital gains to short term. Also, we use ETFs, which provide more tax efficiency than mutual funds. Please visit https://newfrontieradvisors.com/ or contact us for more information.0.4622
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Global Income10/31/2017 12:00:00 AM5.60974.68452.92993.29995.60973.8507-0.86335.52211.58555.64402.973.350.860.911165World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL11650.25000The New Frontier ETF Global Income Portfolio is a risk-targeted core investment, consisting of ETF funds optimized relative to a 20/80 stock/bond ratio. This portfolio is designed for long term investors seeking current income. The strategy invests in fifteen to twenty exchange traded funds. The New Frontier ETF Global Income Portfolio is a risk-targeted core investment optimized relative to a 20/80 stock/bond ratio. New Frontier employs our patented Michaud optimization and Michaud-Esch rebalancing test to structure and monitor the asset allocation. We choose quality ETFs that span investable global economic growth to construct the portfolios. Please visit https://newfrontieradvisors.com/ or contact us for more information.0.4400
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Global Income Tax-Sensitive2012World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20120.25000The New Frontier ETF Global Income Tax-Sensitive Portfolio is a risk-targeted core investment, consisting of ETF funds optimized relative to a 20/80 stock/bond ratio. This portfolio is designed for investors seeking current income in a taxable account. The strategy invests in fifteen to twenty exchange traded funds. New Frontier's tax-sensitive portfolios do not just replace treasuries with municipal bonds as most tax-sensitive strategies do. Taxes are considered at every step of our unique portfolio construction process. We structure our trade and rebalancing decisions to minimize tax effects. Going from broad to specific, this includes avoiding trading without benefit, minimizing turnover, offsetting positive with negative capital gains, favoring small capital losses to capital gains, and favoring long term capital gains to short term. Also, we use ETFs, which provide more tax efficiency than mutual funds. Please visit https://newfrontieradvisors.com/ or contact us for more information. 0.4619
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Multi Asset Income Balanced2004World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20040.35000The New Frontier ETF Multi Asset Income Balanced Portfolio is a global strategic core ETF portfolio optimized relative to a 60/40 stock/bond ratio. The portfolio is designed to meet the needs of investors who desire sustainable income over extended investment horizons with balanced risk. New Frontier’s Multi-Asset Income portfolios are global strategic core ETF model portfolios designed for investors who want both long-term performance and consistent income. New Frontier creates and maintains the portfolios at three strategic risk levels with a multi-patented, quantitative investment process. Since the portfolios aim for both market returns and income, they contain dividend-income-oriented ETFs as well as ETFs that offer significant diversification and risk management benefits. The resulting portfolios provide the opportunity to benefit from long-term price appreciation and enhanced income. Please visit https://newfrontieradvisors.com/ or contact us for more information.0.7161
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Multi Asset Income Conservative2003World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20030.35000The New Frontier ETF Multi Asset Income Conservative Portfolio is a global strategic core ETF portfolio optimized relative to a 40/60 stock/bond ratio. The portfolio is designed to meet the needs of investors who desire sustainable income over extended investment horizons with minimal risk. New Frontier’s Multi-Asset Income portfolios are global strategic core ETF model portfolios designed for investors who want both long-term performance and consistent income. New Frontier creates and maintains the portfolios at three strategic risk levels with a multi-patented, quantitative investment process. Since the portfolios aim for both market returns and income, they contain dividend-income-oriented ETFs as well as ETFs that offer significant diversification and risk management benefits. The resulting portfolios provide the opportunity to benefit from long-term price appreciation and enhanced income. Please visit https://newfrontieradvisors.com/ or contact us for more information.0.6717
ModelxChangeNew Frontier AdvisorsNew Frontier ETF Multi Asset Income Growth2005World Allocationhttps://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL20050.35000The New Frontier ETF Multi Asset Income Growth Portfolio is a global strategic core ETF portfolio optimized relative to a 75/25 stock/bond ratio. The portfolio is designed to meet the needs of investors who desire sustainable income over extended investment horizons. New Frontier’s Multi-Asset Income portfolios are global strategic core ETF model portfolios designed for investors who want both long-term performance and consistent income. New Frontier creates and maintains the portfolios at three strategic risk levels with a multi-patented, quantitative investment process. Since the portfolios aim for both market returns and income, they contain dividend-income-oriented ETFs as well as ETFs that offer significant diversification and risk management benefits. The resulting portfolios provide the opportunity to benefit from long-term price appreciation and enhanced income. Please visit https://newfrontieradvisors.com/ or contact us for more information.0.7427
ModelxChangeNewport Group Consulting, LLC2011-2020 Aggressive Portfolio-A10/31/2017 12:00:00 AM10.054515.50127.50989.409410.054512.2092-0.35916.855116.121713.67556.66.631.081.36155Target Date 2011-2015https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1550.30000The 2011-2020 Aggressive MAP is designed to be a comprehensive investment solution for plan participants who plan to retire between the years 2011-2020. In general, the appropriate plan participant for this portfolio is one who is willing to assume greater fluctuations in the financial markets during their working years and leading up to retirement, and/or may not ever need to access their retirement funds. The underlying investment options for this series consist of share classes that pay a 12b-1 fee. Newport Group Consulting, LLC's ("NGC") Managed Asset Portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward looking financial market conditions. NGC's process is based on fundamental investment principles to optimize the asset allocation given multiple date ranges and risk based investment profiles. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, NGC portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. The NGC portfolios are managed “to retirement” and will reach their most conservative allocation in the year in the beginning of the initial year in the target date range.0.25000.14960.9822
ModelxChangeNewport Group Consulting, LLC2011-2020 Aggressive Portfolio-Institutional10/31/2017 12:00:00 AM9.566215.20957.16829.11369.566212.6026-1.00926.448315.548813.84776.666.721.021.390Target Date 2011-2015https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL900.30000The 2011-2020 Aggressive MAP is designed to be a comprehensive investment solution for plan participants who plan to retire between the years 2011-2020. In general, the appropriate plan participant for this portfolio is one who is willing to assume greater fluctuations in the financial markets during their working years and leading up to retirement, and/or may not ever need to access their retirement funds. Newport Group Consulting, LLC's ("NGC") Managed Asset Portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward looking financial market conditions. NGC's process is based on fundamental investment principles to optimize the asset allocation given multiple date ranges and risk based investment profiles. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, NGC portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. The NGC portfolios are managed “to retirement” and will reach their most conservative allocation in the year in the beginning of the initial year in the target date range.0.00540.4764
ModelxChangeNewport Group Consulting, LLC2011-2020 Conservative Portfolio-A10/31/2017 12:00:00 AM5.86866.26713.79614.00855.86866.2266-0.69164.47473.24997.2000153Target Date 2011-2015https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1530.30000The 2011-2020 Conservative MAP is designed to be a comprehensive investment solution for plan participants planning to retire between the years 2011-2020. In general, the appropriate plan participant for this portfolio is one looking for preservation of capital, is less willing to assume large fluctuations in the financial markets, and may need to access their retirement funds at, or soon after, retirement. The underlying investment options for this series consist of share classes that pay a 12b-1 fee. Newport Group Consulting, LLC's ("NGC") Managed Asset Portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward looking financial market conditions. NGC's process is based on fundamental investment principles to optimize the asset allocation given multiple date ranges and risk based investment profiles. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, NGC portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. The NGC portfolios are managed “to retirement” and will reach their most conservative allocation in the year in the beginning of the initial year in the target date range.0.25000.19741.0509
ModelxChangeNewport Group Consulting, LLC2011-2020 Conservative Portfolio-Institutional10/31/2017 12:00:00 AM5.61666.32683.93634.39775.61667.0005-0.78164.90804.19896.94363.13.051.141.3588Target Date 2011-2015https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL880.30000The 2011-2020 Conservative MAP is designed to be a comprehensive investment solution for plan participants planning to retire between the years 2011-2020. In general, the appropriate plan participant for this portfolio is one looking for preservation of capital, is less willing to assume large fluctuations in the financial markets, and may need to access their retirement funds at, or soon after, retirement. Newport Group Consulting, LLC's ("NGC") Managed Asset Portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward looking financial market conditions. NGC's process is based on fundamental investment principles to optimize the asset allocation given multiple date ranges and risk based investment profiles. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, NGC portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. The NGC portfolios are managed “to retirement” and will reach their most conservative allocation in the year in the beginning of the initial year in the target date range.0.01170.6082
ModelxChangeNewport Group Consulting, LLC2011-2020 Moderate Portfolio-A10/31/2017 12:00:00 AM8.520311.34215.88966.85658.52039.0517-0.36686.25239.32559.92214.884.831.121.35154Target Date 2011-2015https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1540.30000The 2011-2020 Moderate MAP is designed to be a comprehensive investment solution for plan participants planning to retire between the years 2011-2020. In general, the appropriate plan participant for this portfolio is one who is willing to assume moderate fluctuations in the financial markets during their working years and leading up to retirement, and/or may not need to access their retirement funds until years after retirement. The underlying investment options for this series consist of share classes that pay a 12b-1 fee. Newport Group Consulting, LLC's ("NGC") Managed Asset Portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward looking financial market conditions. NGC's process is based on fundamental investment principles to optimize the asset allocation given multiple date ranges and risk based investment profiles. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, NGC portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. The NGC portfolios are managed “to retirement” and will reach their most conservative allocation in the year in the beginning of the initial year in the target date range.0.25000.16901.0072
ModelxChangeNewport Group Consulting, LLC2011-2020 Moderate Portfolio-Institutional10/31/2017 12:00:00 AM8.039111.26325.68306.55608.03919.8356-1.10086.13078.091710.12724.894.911.081.2789Target Date 2011-2015https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL890.30000The 2011-2020 Moderate MAP is designed to be a comprehensive investment solution for plan participants planning to retire between the years 2011-2020. In general, the appropriate plan participant for this portfolio is one who is willing to assume moderate fluctuations in the financial markets during their working years and leading up to retirement, and/or may not need to access their retirement funds until years after retirement. Newport Group Consulting, LLC's ("NGC") Managed Asset Portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward looking financial market conditions. NGC's process is based on fundamental investment principles to optimize the asset allocation given multiple date ranges and risk based investment profiles. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, NGC portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. The NGC portfolios are managed “to retirement” and will reach their most conservative allocation in the year in the beginning of the initial year in the target date range.0.00810.5378
ModelxChangeNewport Group Consulting, LLC2021-2030 Aggressive Portfolio-A10/31/2017 12:00:00 AM11.070317.27737.69049.965511.070312.5327-1.27766.977718.261814.67587.297.311.31158Target Date 2021-2025https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1580.30000The 2021-2030 Aggressive MAP is designed to be a comprehensive investment solution for plan participants who plan to retire between the years 2021-2030. In general, the appropriate plan participant for this portfolio is one who is willing to assume greater fluctuations in the financial markets during their working years and leading up to retirement, and/or may not ever need to access their retirement funds. The underlying investment options for this series consist of share classes that pay a 12b-1 fee. Newport Group Consulting, LLC's ("NGC") Managed Asset Portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward looking financial market conditions. NGC's process is based on fundamental investment principles to optimize the asset allocation given multiple date ranges and risk based investment profiles. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, NGC portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. The NGC portfolios are managed “to retirement” and will reach their most conservative allocation in the year in the beginning of the initial year in the target date range.0.25000.12520.9330
ModelxChangeNewport Group Consulting, LLC2021-2030 Aggressive Portfolio-Institutional10/31/2017 12:00:00 AM9.744416.23627.38939.75359.744413.0861-1.29307.550816.915114.18047.257.390.971.2793Target Date 2021-2025https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL930.30000The 2021-2030 Aggressive MAP is designed to be a comprehensive investment solution for plan participants who plan to retire between the years 2021-2030. In general, the appropriate plan participant for this portfolio is one who is willing to assume greater fluctuations in the financial markets during their working years and leading up to retirement, and/or may not ever need to access their retirement funds. Newport Group Consulting, LLC's ("NGC") Managed Asset Portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward looking financial market conditions. NGC's process is based on fundamental investment principles to optimize the asset allocation given multiple date ranges and risk based investment profiles. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, NGC portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. The NGC portfolios are managed “to retirement” and will reach their most conservative allocation in the year in the beginning of the initial year in the target date range.0.4544
ModelxChangeNewport Group Consulting, LLC2021-2030 Conservative Portfolio-A10/31/2017 12:00:00 AM7.05778.32594.74214.85457.05777.7949-0.63954.88334.18157.7456156Target Date 2021-2025https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL1560.30000The 2021-2030 Conservative MAP is designed to be a comprehensive investment solution for plan participants planning to retire between the years 2021-2030. In general, the appropriate plan participant for this portfolio is one who is less willing to assume large fluctuations in the financial markets during their working years, upon retirement is looking for preservation of capital, and/or may need to access their retirement funds at, or soon after, retirement. The underlying investment options for this series consist of share classes that pay a 12b-1 fee. Newport Group Consulting, LLC's ("NGC") Managed Asset Portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward looking financial market conditions. NGC's process is based on fundamental investment principles to optimize the asset allocation given multiple date ranges and risk based investment profiles. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, NGC portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. The NGC portfolios are managed “to retirement” and will reach their most conservative allocation in the year in the beginning of the initial year in the target date range.0.25000.19201.0452
ModelxChangeNewport Group Consulting, LLC2021-2030 Conservative Portfolio-Institutional10/31/2017 12:00:00 AM6.84348.48604.64364.90576.84348.1089-1.08215.53984.05137.31293.943.871.081.291Target Date 2021-2025https://secure.macg.com/MATC_ToolkitFactSheet.aspx?TPA=44DE4969-613E-4B62-A005-04FAEAC06224&Model=MDL910.30000The 2021-2030 Conservative MAP is designed to be a comprehensive investment solution for plan participants planning to retire between the years 2021-2030. In general, the appropriate plan participant for this portfolio is one who is less willing to assume large fluctuations in the financial markets during their working years, upon retirement is looking for preservation of capital, and/or may need to access their retirement funds at, or soon after, retirement. Newport Group Consulting, LLC's ("NGC") Managed Asset Portfolios utilize Modern Portfolio Theory and take into account aspects of Behavioral Finance and forward looking financial market conditions. NGC's process is based on fundamental investment principles to optimize the asset allocation given multiple date ranges and risk based investment profiles. With regular monitoring, the portfolio will be managed to retirement date along a predetermined “Glide Path” and rebalanced on a periodic basis. As a plan participant approaches his or her projected retirement date, NGC portfolios gradually adjust down a glide path to a more conservative asset allocation. Since plan participants generally need less investment risk as they near retirement, the portfolio will adjust with the passage of time. The NGC portfolios are managed “to retirement” and will reach their most conservative allocation in the year in the beginning of the initial year in the target date range.0.01070.5941