The NASDAQ IBIS Focused Growth Index utilizes IBIS’ Quantitative Tactical Global Rotation Strategy. The Index will invest in exchange-traded funds covering the Large Cap US equities, Small Cap U.S. Equities, Developed Market Equities, and Emerging Market Equities. The selection of assets is determined through a proprietary technology for Relative Strength. During periods of weakness across global equity markets, the Index will shift into either short-term, medium-term, or long-term U.S. government bonds, depending upon prevailing interest rates. The Index attempts to yield absolute returns (i.e. produce positive returns over a 12 month period)..The Index began on February 10, 2014 at a base value of 1000.00.