RISKHedge

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VIX Index: is a real-time market index that represents the market's expectation of 30-day forward-looking volatility. Derived from the price inputs of the S&P 500 index options, it provides a measure of market risk and investors' sentiments. It is also known by other names like "Fear Gauge" or "Fear Index." Investors, research analysts and portfolio managers look to VIX values as a way to measure market risk, fear and stress before they take investment decisions.

S&P 1500 index - combines three leading indices, the S&P 500®, the S&P MidCap 400®, and the S&P SmallCap 600®, to cover approximately 90% of U.S. market capitalization. It is designed for investors seeking to replicate the performance of the U.S. equity market or benchmark against a representative universe of tradable stocks. – spglobal.com

SPDR S&P 500 ETF Trust (SPY) - The SPDR® S&P 500® ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index (the "Index") – ssga.com

iShares 20+ Year Treasury Bond ETF (TLT) - The iShares 20+ Year Treasury Bond ETF seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities greater than twenty years. – iShares.com

S&P 500 Index - The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities. There is over USD 11.2 trillion indexed or benchmarked to the index, with indexed assets comprising approximately USD 4.6 trillion of this total. The index includes 500 leading companies and covers approximately 80% of available market capitalization. – spglobal.com

CBOE Volatility Index - The VIX Index is a calculation designed to produce a measure of constant, 30-day expected volatility of the U.S. stock market, derived from real-time, mid-quote prices of S&P 500® Index (SPXSM) call and put options. On a global basis, it is one of the most recognized measures of volatility -- widely reported by financial media and closely followed by a variety of market participants as a daily market indicator. – cboe.com

CBOE S&P 500 3-Month Volatility Index - The CBOE S&P 500 3-Month Volatility Index measures the market's expectation of 3-month volatility implicit in the prices of S&P 500 Index options with roughly 3 months to expiration. VXVSM uses the same methodology and generalized formula used to calculate VIX2, but with a different set of SPX options, specifically SPX options with expiration dates that bracket a constant, 93-day maturity. – cboe.com

CBOE S&P 500 6-Month Volatility Index - The CBOE S&P 500 6-Month Volatility IndexSM (Ticker: VIX6M) is an estimate of the expected 6-month volatiity of the S&P 500® Index . It is calculated using the well-known VIX methodology applied to SPX options that expire 6-to-9 months in the future. – cboe.com

S&P 500 VIX Short-Term Futures Index - The S&P 500® VIX Short-Term Futures Index utilizes prices of the next two near-term VIX® futures contracts to replicate a position that rolls the nearest month VIX futures to the next month on a daily basis in equal fractional amounts. This results in a constant one-month rolling long position in first and second month VIX futures contracts. – spglobal.com

S&P 500 Total Return Index - The index includes 500 leading companies and covers approximately 80% of available market capitalization. – spglobal.com. The total return index is a type of equity index that tracks both the capital gains of a group of stocks over time, and assumes that any cash distributions, such as dividends, are reinvested back into the index – Investopedia.com

S&P U.S. Treasury Bill 9-12 Month Index - The S&P U.S. Treasury Bill 9-12 Month Indexis designed to measure the performance of U.S. Treasury bills maturing in 9 to 12 months. - spglobal.com

S&P 500 Buyback Index - The S&P 500® Buyback Index is designed to measure the performance of the top 100 stocks with the highest buyback ratios in the S&P 500. - spglobal.com

RISK Hedge Indicator Inputs

Sentiment

Analyzes the number of stocks within a modified S&P 1500 index categorized as either a “Buy” or a “Sell” using less than zero as a trigger level.

Stock to Bond

Measures a ratio between the SPDR S&P 500 ETF Trust (SPY) and the iShares 20+ Year Treasury Bond ETF (TLT) using a rate of change and a specific trigger level.

Technical

Analyzes Moving Averages and breadth indicators on the S&P 500 Index.

Volatility

The short term volatility-driven hedge on/off signal entails specific relationships between the CBOE Volatility Index, CBOE S&P 500 3-Month Volatility Index, CBOE S&P 500 6-Month Volatility Index, S&P 500 VIX Short-Term Futures Index, S&P 500 Index, S&P 500 Total Return Index, S&P U.S. Treasury Bill 9-12 Month Index and the S&P 500 Buyback Index.