Index and Portfolio Strategies

Rules-based strategies leveraging Salt Financial’s sophisticated risk analytics, including truBeta™. Helping investors, advisors, and portfolio managers by better targeting risk to meet their investment objectives and seek outperformance.

Salt Financial Indices (SFI) is a wholly owned subsidiary of Salt Financial. Select SFI strategies are available to license for exchange-traded funds, model portfolios, structured products, and other investing vehicles.

truBeta™ Indices

Core building blocks targeting specific levels of market risk using truBeta, a forward-looking forecast of market sensitivity we believe to be more accurate and responsive than traditional measures.

Name	Index Ticker	truBeta	Last	Day	MTD	3M	YTD	Since Inception	Inception Date	Documents
Salt High truBeta™ US Market Index	SFMGXT	1.25	8600	-0.33%	4.27%	2.42%	23.40%	9.48%	2018-02-07	Methodology
Salt Low truBeta™ US Market Index	SFSTBT	0.58	14202.3	0.12%	1.02%	4.17%	23.09%	17.44%	2018-10-23	Methodology
Salt Hi-Lo Risk Momentum Index	SFHILOT	0.58	20387.6	0.12%	1.02%	4.17%	-	7.39%	2019-05-13	Methodology

Portfolio Strategies

SFI Portfolio Strategies offer advisors and investors simple models featuring core truBeta building blocks in combination with third-party ETFs. They are designed to illustrate the power of truBeta as a portfolio construction tool to complement a core investment strategy.

All portfolios are rebalanced once on December 31^st of each year, re-allocating to their initial asset allocations.

Name	truBeta	Last	Day	MTD	3M	YTD	Since Inception	Inception Date
Conservative 20% High truBeta™ 80% iShares 7-10 Yr Treasury (IEF)	0.1	315.72	-0.04%	-0.80%	2.29%	11.58%	13.59%	2018-11-20
Balanced 35% High truBeta™ 65% iShares Core US Aggregate Bond (AGG)	0.43	285.47	-0.04%	0.82%	2.30%	13.21%	13.11%	2018-11-20
Aggressive 30% High truBeta™ 70% SPDR S&P 500 ETF (SPY)	1.07	719.08	-0.10%	3.35%	3.17%	22.19%	16.37%	2018-11-20

truVol™ Indices

Risk-controlled indices feature truVol, a predictive analytic designed to better target volatility in dynamically scaling exposure between a broad market index and cash. As market volatility rises, truVol indices limit exposure by allocating more of the portfolio to cash. With lower market volatility, the strategy increases exposure to stocks using up to 150% leverage.

The indices use the Solactive US Large and Midcap Index (top 1000 US stocks by market capitalization) for base market exposure, but truVol can be customized to fit nearly any equity benchmark with configurable parameters to target volatility and tune aggressiveness levels.

truVol indices are available to license for use in exchange-traded products (ETFs and ETNs), structured notes, and annuity products.

For information on licensing SFI indices or strategies, contact 646-779-1050 or licensing@saltfinancial.com.

Calculated as of Sep 19, 2019. All indices are administered by SFI with calculation services provided by Solactive AG. All Portfolio Strategies are managed and calculated by SFI using data provided by Bloomberg LP.

truBeta™ estimates are forecasts are based on Salt Financial analytics as of the calculation date.