Rebalance Periodic R Turnover ( Periodic Return (SPX)

12/31/1997 0 0 0
01/31/1998 6.4775 33.3333 1.105
02/28/1998 11.5243 66.6667 7.2124
03/31/1998 -1.4923 33.3333 5.1201
04/30/1998 2.8417 100 1.0037
05/31/1998 -6.0326 66.6667 -1.7219
06/30/1998 4.1608 66.6667 4.061
07/31/1998 -7.6871 66.6667 -1.066
08/31/1998 -26.8439 33.3333 -14.4583
09/30/1998 13.8228 33.3333 6.4065
10/31/1998 1.4448 33.3333 8.1331
11/30/1998 4.2026 66.6667 6.0606
12/31/1998 4.5455 100 5.7603
01/31/1999 -8.3958 33.3333 4.1816
02/28/1999 1.0839 66.6667 -3.1086
03/31/1999 38.252 100 4.0008
04/30/1999 23.6097 66.6667 3.8717
05/31/1999 1.8734 66.6667 -2.3617
06/30/1999 5.9521 66.6667 5.5497
07/31/1999 -1.1568 100 -3.1234
08/31/1999 -0.2263 66.6667 -0.4935
09/30/1999 -6.4976 100 -2.7416
10/31/1999 3.176 66.6667 6.3274
11/30/1999 13.324 100 2.0324
12/31/1999 3.3958 66.6667 5.8882
01/31/2000 -15.3898 100 -5.0242
02/29/2000 -4.6406 100 -1.8938
03/31/2000 13.7613 66.6667 9.7831
04/30/2000 5.2148 100 -3.0092
05/31/2000 7.4799 100 -2.0523
06/30/2000 12.1998 66.6667 2.4653
07/31/2000 -4.3792 33.3333 -1.5573
08/31/2000 5.957 66.6667 6.2115
09/30/2000 -2.2669 100 -5.2796
10/31/2000 -0.6535 66.6667 -0.4233
11/30/2000 -20.1552 100 -7.8835
12/31/2000 -0.0299 100 0.4887
01/31/2001 8.5876 100 3.5479
02/28/2001 -22.3741 100 -9.1189
03/31/2001 -7.9587 100 -6.335
04/30/2001 17.669 66.6667 7.7702
05/31/2001 -20.1608 100 0.6699
06/30/2001 -16.121 100 -2.4345
07/31/2001 -4.5338 66.6667 -0.9854
08/31/2001 -6.8388 66.6667 -6.2599
09/30/2001 -13.7078 66.6667 -8.1034
10/31/2001 5.9024 33.3333 1.9054
11/30/2001 8.7553 100 7.6715
12/31/2001 -9.443 100 0.876
01/31/2002 -17.4726 66.6667 -1.4584
02/28/2002 -14.1466 100 -1.9307
03/31/2002 13.5182 66.6667 3.7609
04/30/2002 -31.0617 100 -6.0642
05/31/2002 -10.2694 66.6667 -0.7368
06/30/2002 -35.7742 66.6667 -7.1151
07/31/2002 -23.2018 100 -7.7947
08/31/2002 -8.635 100 0.6544
09/30/2002 -40.341 66.6667 -10.8682
10/31/2002 18.3908 66.6667 8.8019
11/30/2002 47.8956 66.6667 5.8858
12/31/2002 -8.8086 66.6667 -5.8752
01/31/2003 -1.4507 100 -2.6197
02/28/2003 -3.7307 100 -1.5004
03/31/2003 0.9402 66.6667 0.97
04/30/2003 16.2423 66.6667 8.2352
05/31/2003 12.9655 66.6667 5.2682
06/30/2003 0.4413 100 1.2748
07/31/2003 0.7315 66.6667 1.7597
08/31/2003 7.4131 100 1.9493
09/30/2003 6.3724 66.6667 -1.062
10/31/2003 2.6388 66.6667 5.6524
11/30/2003 -1.9964 33.3333 0.8782
12/31/2003 10.1991 100 5.2438
01/31/2004 5.347 66.6667 1.8354
02/29/2004 -16.7939 100 1.389
03/31/2004 -6.8966 66.6667 -1.5088
04/30/2004 -13.1792 33.3333 -1.5692
05/31/2004 -0.9163 33.3333 1.3707
06/30/2004 9.0263 100 1.9452
07/31/2004 -5.6342 100 -3.31
08/31/2004 -4.486 100 0.4037
09/30/2004 1.4879 66.6667 1.0825
10/31/2004 -2.2925 66.6667 1.5281
11/30/2004 6.447 100 4.0457
12/31/2004 11.3888 100 3.4004
01/31/2005 -11.6124 100 -2.4376
02/28/2005 -9.1383 100 2.1042
03/31/2005 -15.4121 66.6667 -1.7709
04/30/2005 -13.5043 66.6667 -1.8963
05/31/2005 13.7117 66.6667 3.1817
06/30/2005 -3.2144 33.3333 0.1421
07/31/2005 -2.0026 66.6667 3.7187
08/31/2005 -7.6695 66.6667 -0.9123
09/30/2005 12.8857 66.6667 0.8099
10/31/2005 -13.8228 66.6667 -1.6666
11/30/2005 7.4651 100 3.7819
12/31/2005 -0.0983 100 0.03
01/31/2006 6.1473 100 2.6484
02/28/2006 -5.6335 66.6667 0.2704
03/31/2006 -0.6551 66.6667 1.2438
04/30/2006 -5.1977 100 1.3425
05/31/2006 -6.3046 100 -2.878
06/30/2006 -4.117 100 0.1326
07/31/2006 -11.7012 66.6667 0.6172
08/31/2006 9.3158 100 2.3795
09/30/2006 -2.0627 66.6667 2.5746
10/31/2006 -3.1281 100 3.2582
11/30/2006 15.2195 100 1.9017
12/31/2006 -7.7232 66.6667 1.3941
01/31/2007 3.1448 100 1.5121
02/28/2007 -5.7543 100 -1.9555
03/31/2007 -0.2386 33.3333 1.117
04/30/2007 -3.4942 66.6667 4.43
05/31/2007 1.9873 33.3333 3.4885
06/30/2007 1.6409 66.6667 -1.6623
07/31/2007 -13.5101 100 -3.1002
08/31/2007 -8.5467 0 1.4988
09/30/2007 -18.881 100 3.7388
10/31/2007 -1.5537 66.6667 1.5906
11/30/2007 -20.83 100 -4.1031
12/31/2007 -4.2954 66.6667 -0.6976
01/31/2008 -2.4523 33.3333 -5.9983
02/29/2008 -7.9357 100 -3.249
03/31/2008 -23.1291 66.6667 -0.4323
04/30/2008 9.1322 66.6667 4.8709
05/31/2008 -5.3776 100 1.2952
06/30/2008 -31.9734 0 -8.4312
07/31/2008 11.8499 66.6667 -0.8406
08/31/2008 8.0434 100 1.4467
09/30/2008 -23.0156 66.6667 -8.9115
10/31/2008 -27.812 100 -16.7951
11/30/2008 -23.4246 100 -7.1748
12/31/2008 1.5557 100 1.0626
01/31/2009 -5.4379 66.6667 -8.4283
02/28/2009 -17.0781 100 -10.6479
03/31/2009 18.534 33.3333 8.7599
04/30/2009 4.413 66.6667 9.569
05/31/2009 0.2167 33.3333 5.59
06/30/2009 -0.8957 66.6667 0.1979
07/31/2009 28.0033 100 7.5631
08/31/2009 3.8565 100 3.6084
09/30/2009 19.314 100 3.7311
10/31/2009 -10.0509 0 -1.8587
11/30/2009 13.9367 100 5.9941
12/31/2009 6.0611 100 1.9313
01/31/2010 -9.1854 100 -3.5971
02/28/2010 0.2201 33.3333 3.0956
03/31/2010 28.0096 66.6667 6.0347
04/30/2010 5.9057 100 1.578
05/31/2010 -5.8826 66.6667 -7.9848
06/30/2010 -13.87 100 -5.2355
07/31/2010 12.9442 66.6667 7.0059
08/31/2010 -5.4814 100 -4.5147
09/30/2010 13.006 100 8.924
10/31/2010 -5.1692 66.6667 3.8048
11/30/2010 2.6981 66.6667 0.012
12/31/2010 6.0548 33.3333 6.6837
01/31/2011 1.7572 100 2.3697
02/28/2011 1.2125 100 3.4251
03/31/2011 0.5754 100 0.0403
04/30/2011 -5.5 66.6667 2.9607
05/31/2011 -3.4513 33.3333 -1.1323
06/30/2011 0.1246 66.6667 -1.667
07/31/2011 -5.7217 66.6667 -2.0341
08/31/2011 -4.5037 100 -5.433
09/30/2011 -25.5296 100 -7.0296
10/31/2011 5.9436 66.6667 10.9292
11/30/2011 -7.3581 66.6667 -0.222
12/31/2011 9.8013 66.6667 1.021
01/31/2012 10.9262 100 4.4812
02/29/2012 -11.7821 100 4.3242
03/31/2012 3.5426 66.6667 3.2853
04/30/2012 -4.878 100 -0.6283
05/31/2012 -6.4856 100 -6.0099
06/30/2012 4.1193 33.3333 4.1204
07/31/2012 3.1635 100 1.3886
08/31/2012 16.2622 66.6667 2.2532
09/30/2012 9.3119 66.6667 2.5839
10/31/2012 6.4887 66.6667 -1.8519
11/30/2012 5.0119 66.6667 0.5789
12/31/2012 2.9757 66.6667 0.9064
01/31/2013 3.7566 66.6667 5.1791
02/28/2013 -7.5741 66.6667 1.3569
03/31/2013 1.1283 33.3333 3.7505
04/30/2013 -8.852 100 1.9265
05/31/2013 -1.8531 33.3333 2.3372
06/30/2013 -0.1672 66.6667 -1.3426
07/31/2013 5.4295 33.3333 5.0884
08/31/2013 10.3971 66.6667 -2.898
09/30/2013 -1.7476 100 3.1362
10/31/2013 -0.1614 33.3333 4.5963
11/30/2013 1.718 66.6667 3.0459
12/31/2013 -1.8605 100 2.5248
01/31/2014 -7.5448 33.3333 -3.4574
02/28/2014 4.0697 66.6667 4.5726
03/31/2014 -16.3121 66.6667 0.8408
04/30/2014 -2.2984 66.6667 0.7389
05/31/2014 -0.5077 33.3333 2.3457
06/30/2014 19.5604 100 2.0658
07/31/2014 -1.9793 100 -1.3792
08/31/2014 5.0523 100 3.9993
09/30/2014 -8.7792 100 -1.4021
10/31/2014 -6.2298 100 2.442
11/30/2014 -2.0756 33.3333 2.6872
12/31/2014 -1.4028 66.6667 -0.2573
01/31/2015 -4.1144 66.6667 -3.0018
02/28/2015 22.7996 100 5.746
03/31/2015 -10.0473 100 -1.5812
04/30/2015 -1.9317 66.6667 0.9581
05/31/2015 2.9829 100 1.2861
06/30/2015 1.3404 66.6667 -1.9358
07/31/2015 -9.2122 100 2.0954
08/31/2015 -9.2418 66.6667 -6.0347
09/30/2015 -21.2507 100 -2.4739
10/31/2015 -6.8549 100 8.4352
11/30/2015 -3.8971 100 0.2965
12/31/2015 -12.1854 33.3333 -1.5862
01/31/2016 -11.6105 100 -4.9626
02/29/2016 5.1934 100 -0.1359
03/31/2016 9.5619 66.6667 6.7836
04/30/2016 10.3571 66.6667 0.3879
05/31/2016 -15.9414 100 1.7944
06/30/2016 -4.6982 66.6667 0.2595
07/31/2016 12.0495 100 3.6865
08/31/2016 19.9035 100 0.1407
09/30/2016 1.4997 66.6667 0.0177
10/31/2016 -6.5002 66.6667 -1.8242
11/30/2016 4.3219 100 3.7036
12/31/2016 2.4328 66.6667 1.9689
01/31/2017 -6.7554 100 1.8966
02/28/2017 -2.7441 66.6667 3.9705
03/31/2017 -11.7136 100 0.1157
04/30/2017 -10.6086 66.6667 1.0271
05/31/2017 -16.112 66.6667 1.4072
06/30/2017 -0.4469 66.6667 0.6232
07/31/2017 2.5055 33.3333 2.0562
08/31/2017 11.4164 100 0.3061
09/30/2017 15.8427 66.6667 2.062
10/31/2017 -4.1162 66.6667 2.3334
11/30/2017 -4.081 100 3.0671
12/31/2017 11.3334 100 1.1039
01/31/2018 -2.3097 66.6667 5.7232
02/28/2018 -11.3467 100 -3.686
03/31/2018 8.1029 100 -2.5419
04/30/2018 23.8809 100 0.3836
05/31/2018 4.2318 100 2.4077
06/30/2018 11.5773 100 0.6148
07/31/2018 -5.8228 100 3.7215
08/31/2018 -2.5398 66.6667 3.2583
09/30/2018 0.5555 66.6667 0.5684
10/31/2018 -9.1348 66.6667 -6.8352
11/30/2018 -22.8249 100 2.0375
12/31/2018 -21.22 100 -9.0339
01/31/2019 16.0625 100 8.0134
02/28/2019 1.7238 66.6667 3.2108
03/31/2019 -3.2027 33.3333 1.9425
04/30/2019 -5.7828 100 4.0489
05/31/2019 -26.5092 66.6667 -6.3549
06/30/2019 6.0023 66.6667 7.047
07/31/2019 -17.2389 66.6667 1.4373
08/31/2019 -4.0427 100 -1.584
09/30/2019 9.1821 100 1.8705
10/31/2019 5.5713 66.6667 2.1657
11/30/2019 8.8988 100 3.63
12/31/2019 10.6952 100 3.0109
01/31/2020 -2.9832 66.6667 -0.0439
02/29/2020 -5.4207 66.6667 -8.2321
03/31/2020 -21.3558 100 -12.3519
04/30/2020 24.0335 100 12.8194
05/31/2020 -2.518 66.6667 4.763
06/30/2020 11.3899 100 1.9881
07/31/2020 -9.6832 66.6667 5.6382
08/31/2020 19.7757 33.3333 7.1883
09/30/2020 -2.6446 33.3333 -3.8002
10/31/2020 2.2121 100 -2.6594
11/30/2020 29.9648 100 10.9462
12/31/2020 -8.8709 100 3.8414
01/31/2021 19.514 66.6667 -1.0177
02/28/2021 27.0129 33.3333 2.7576
03/31/2021 -3.2483 66.6667 4.3787
04/30/2021 0.4296 33.3333 5.3368
05/31/2021 -1.4174 100 0.6982
06/30/2021 0.4444 33.3333 2.3342
07/31/2021 -14.3875 33.3333 2.3753
08/31/2021 2.5228 66.6667 3.0407
09/30/2021 5.7779 100 -4.6524
10/31/2021 2.1877 66.6667 7.0051
11/30/2021 3.0299 100 -0.695
12/31/2021 -11.3171 66.6667 4.4749
01/31/2022 -20.5436 66.6667 -5.1749
02/28/2022 -12.0143 100 -2.997
03/31/2022 -12.9932 66.6667 3.7129
04/30/2022 -26.6975 100 -8.72
05/31/2022 -8.7971 100 0.1846
06/30/2022 -11.0406 100 -8.2576
07/31/2022 33.7537 100 9.2207
08/31/2022 6.2802 100 -4.0783
09/30/2022 -26.5625 66.6667 -9.2124
10/31/2022 5.8464 100 8.0963
11/30/2022 7.4851 100 5.5884
12/31/2022 -7.5029 66.6667 -5.7715
01/31/2023 21.1028 66.6667 6.2829
02/28/2023 -10.8079 100 -2.4491
03/31/2023 -11.0275 66.6667 3.6696
04/30/2023 -13.1163 100 1.5609
05/31/2023 -11.3918 100 0.4349
06/30/2023 7.9087 100 6.6074
07/31/2023 6.6829 66.6667 3.2125
08/31/2023 -4.8315 66.6667 -1.5922
09/30/2023 -19.2212 66.6667 -4.7678
10/31/2023 -13.2007 100 -2.1026
11/30/2023 1.4547 100 9.1326
12/31/2023 12.653 66.6667 4.5311
01/31/2024 -6.8421 100 1.6794
02/29/2024 -10.2423 66.6667 5.3395
03/31/2024 2.7298 66.6667 3.2174