The S&P 500® Market Agility 10 TCA 0.5% Decrement Index measures the performance of equity and fixed income component indices that each take long or short positions based on momentum and volatility indicators on a daily basis. The component indices (70% equity weight and 30% fixed income weight) include a transaction cost adjustment (TCA) and a risk control mechanism. A 10% volatility target risk control framework is applied to the 70/30 blended index and a fixed amount of 0.5% per year is deducted from the performance.
