| Ticker | Description | Weight | % | $ | |
|---|---|---|---|---|---|
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Weights are published once per trading day, 15 minutes before market close (3:45 PM ET). Weights reflect intraday prices up to that point.
The portfolio uses a 4% drift threshold. Positions are only rebalanced when their actual weight drifts more than 4 percentage points from the target weight. This reduces unnecessary turnover and trading costs. If you are replicating manually, you do not need to trade every day — only adjust positions that have drifted significantly from the published weights.
Multiply each weight by your total portfolio value. The $ column in the weights table updates live when you change the size input above.
The PNL Portfolio v2 runs three uncorrelated alpha sleeves: a tactical 8-block PNL core (~50 liquid ETFs covering equities, bonds, gold, EM, volatility, credit), a 2-block ORR Proxy sleeve (Japan momentum + Tech-quality dip), and a Crypto Play6 sleeve. Once the actual ORR ETF has live data, an 8% Direct ORR sleeve also activates for manager alpha.
About the leverage: weights sum to ~120–140% gross by design — the strategy uses light margin (target 1.40× gross) on top of a fully-invested core. Core's idle cash is recycled to fund the sleeves first; only the residual gap is borrowed at ~5% margin rate. The "Gross exposure" row at the bottom of the weights table shows the actual leverage on each publish.
Past performance does not guarantee future results. This portfolio is provided for informational and educational purposes only. It is not financial advice. Always do your own research and consult a qualified financial advisor before making investment decisions.