Hi Alex, Frank, et al.,
With the removal of UGLD from UISx3 (and the subsequent addition/removal of GLD…leaving only SPXL and TMF), is the backtesting fully reflective of the new SPXL/TMF strategy (i.e., sans UGLD/GLD)?
The only reason I ask is that with the removal of UGLD/GLD the historical CAGR didn’t seem to change at all, it stayed essentially the same. I certainly hope that UISx3 continues to perform the same, even without UGLD/GLD, but wanted to check and confirm that I was understanding how the change was incorporated into the historical performance.
Thanks!
Bruce