Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Anatomy of a Dynamic Core U.S. Equity Index Rebalance

On March 1, 2006, the Dynamic Market Intellidex (DYI) completed a quarterly rebalance through a posting made at 8:18 a.m. on the American Stock Exchange’s Amextrader Web page:

Click on “Daily Lists,” then “Indexes,” then enter the date “0/3/01/2006.” Scroll down to the Indellidex symbol DYI.

DYI always holds 100 stocks selected quarterly by a proprietary rules-driven model. On 3/1/06, a fairly high number of components, 69, turned over (i.e., 69 new stocks were added and 69 were deleted). The rules that drive DYI rebalancing events assure that each sector of the U.S. economy is represented in the index in approximately the same weight as the S&P 500. (DYI performance is driven by individual stock selection, not sector selection.)

The Amex publishes the weightings of each component as a number of shares held in a hypothetical portfolio. On 3/1/06, for example, the index’s two largest holdings were Exxon Mobile (108,225 shares) and Burlington Resources (71,746 shares), each representing about 3.5% of index weight. In terms of market cap, component size ranged from Exxon Mobile’s $370 billion down to AMN Healthcare Services’ $590 million.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?


BenefitsPRO Broker Expo 2022Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.