Figure 3 plots the prior week's returns by index and asset class exposures. Short exposures are highlighted in red. Shorts are sourced through the embedded leverage had by double-inverse ETFs and from directly shorting ETFs. Long positions are colored green.

Figure 3. May MTD Returns for AI 75-50 Long & Shorts

Figure 4 shows asset weightings for each position, our beta/non-beta balances, source of return themes, gross, short and net long percentages and other relevant currently held position data. To the far right are long-term (3 years) strategy views that express core holdings and tactical trades. We are targeting gross exposure of 102%, down from our current 150%.

Figure 4. The Arrow Insights (AI) 75-50 Portfolio

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