Latest Sector Allocation Summary

Sector ETFs ( 85% )

SECTORS	ETF	S&P Weight	FSI Weight	Delta
Financials	XLF	11.70%	14.10%	2.4%	OW	OW
Health Care	XLV	6.10%	6.10%	0.0%	N	UW
Information Technology	XLK	29.30%	29.30%	0.0%	OW	OW
Consumer Discretionary	XLY	9.80%	9.80%	0.0%	OW	OW
Utilities	XLU	2.00%	2.00%	0.0%	N	OW
Consumer Staples	XLP	3.20%	3.20%	0.0%	UW	UW
Energy	XLE	0.60%	0.60%	0.0%	N	UW
Communication Services	XLC	8.40%	8.40%	0.0%	OW	N
Industrials	XLI	9.70%	9.70%	0.0%	OW	OW
Real Estate	XLRE	0.00%	0.00%	0.0%	OW	N
Materials	XLB	1.60%	1.60%	0.0%	N	N
Total		82%	85%

Note: S&P Index Weight as of June 6th, 2025.

OW

Overweight

N

Neutral

UW

Underweight

HC - Health Care

IT - Information Technology

CD - Consumer Discretionary

UT - Utilities

CST - Consumer Staples

EN - Energy

CS - Communication Services

FN - Financials

IN - Industrials

RE - Real Estate

MT - Materials

SECTORS	ETF	S&P Weight	FSI Weight	Delta
Financials XLF	XLF	11.70%	14.10%	2.4%	OW	OW
Health Care XLV	XLV	6.10%	6.10%	0.0%	N	UW
Information Technology XLK	XLK	29.30%	29.30%	0.0%	OW	OW
Consumer Discretionary XLY	XLY	9.80%	9.80%	0.0%	OW	OW
Utilities XLU	XLU	2.00%	2.00%	0.0%	N	OW
Consumer Staples XLP	XLP	3.20%	3.20%	0.0%	UW	UW
Energy XLE	XLE	0.60%	0.60%	0.0%	N	UW
Communication Services XLC	XLC	8.40%	8.40%	0.0%	OW	N
Industrials XLI	XLI	9.70%	9.70%	0.0%	OW	OW
Real Estate XLRE	XLRE	0.00%	0.00%	0.0%	OW	N
Materials XLB	XLB	1.60%	1.60%	0.0%	N	N
Total		82%	85%

Note: S&P Index Weight as of June 6th, 2025.

OW

Overweight

N

Neutral

UW

Underweight

HC - Health Care

IT - Information Technology

CD - Consumer Discretionary

UT - Utilities

CST - Consumer Staples

EN - Energy

CS - Communication Services

FN - Financials

IN - Industrials

RE - Real Estate

MT - Materials

Individual ETFs ( 15% )

Sector Changes

ETF	Ticker
XLF XLF	XLF	OW	OW
XLV XLV	XLV	N	N UW
XLK XLK	XLK	OW	OW
XLY XLY	XLY	OW	OW
XLU XLU	XLU	N	OW
XLP XLP	XLP	UW	UW
XLE XLE	XLE	N	UW
XLC XLC	XLC	OW	N
XLI XLI	XLI	OW	OW
XLRE XLRE	XLRE	OW	N
XLB XLB	XLB	N	UW N

Note: S&P Index Weight as of June 6th, 2025.

OW

Overweight

N

Neutral

UW

Underweight

HC - Health Care

IT - Information Technology

CD - Consumer Discretionary

UT - Utilities

CST - Consumer Staples

EN - Energy

CS - Communication Services

FN - Financials

IN - Industrials

RE - Real Estate

MT - Materials

ETF	Ticker
XLF XLF	XLF	OW	OW
XLV XLV	XLV	N	N UW
XLK XLK	XLK	OW	OW
XLY XLY	XLY	OW	OW
XLU XLU	XLU	N	OW
XLP XLP	XLP	UW	UW
XLE XLE	XLE	N	UW
XLC XLC	XLC	OW	N
XLI XLI	XLI	OW	OW
XLRE XLRE	XLRE	OW	N
XLB XLB	XLB	N	UW N

Note: S&P Index Weight as of June 6th, 2025.

OW

Overweight

N

Neutral

UW

Underweight

HC - Health Care

IT - Information Technology

CD - Consumer Discretionary

UT - Utilities

CST - Consumer Staples

EN - Energy

CS - Communication Services

FN - Financials

IN - Industrials

RE - Real Estate

MT - Materials