TRAI

Last updated Sep 22, 2023

Asset Allocation

Position	Category/Sector	Weight
RUB=X		4.68%
AI C3.ai, Inc.	Technology	2.54%
NVDA		2.42%
IBM		2.29%
NOW		2.23%
ROK		2.23%
AMD Advanced Micro Devices, Inc.	Technology	2.19%
DT Dynatrace, Inc.	Technology	2.16%
KLAC		2.15%
NATI		2.13%
GOOGL		2.11%
PTC		2.11%
PRO		2.07%
TER		2.06%
ANSS ANSYS, Inc.	Technology	1.98%
QCOM		1.96%
TSLA		1.96%
BIDU Baidu, Inc.	Communication Services	1.9%
AKAM Akamai Technologies, Inc.	Technology	1.88%
SNPS		1.87%
ISRG		1.85%
MSFT		1.83%
JNJ		1.82%
APTV Aptiv PLC	Consumer Cyclical	1.82%
EQIX		1.82%
EMR Emerson Electric Co.	Industrials	1.78%
ADSK Autodesk, Inc.	Technology	1.78%
JBT		1.76%
CDNS Cadence Design Systems, Inc.	Technology	1.75%
MGA		1.72%
GNTX		1.68%
NICE		1.67%
TSM		1.65%
NXPI		1.64%
ZBRA		1.62%
DE Deere & Company	Industrials	1.6%
INTC		1.58%
AMZN Amazon.com, Inc.	Consumer Cyclical	1.57%
BABA Alibaba Group Holding Limited	Consumer Cyclical	1.5%
OMCL		1.48%
CGNX Cognex Corporation	Technology	1.47%
SYK		1.46%
TRMB		1.37%
CIEN Ciena Corporation	Technology	1.34%
PATH		1.33%
MDT		1.31%
AMBA Ambarella, Inc.	Technology	1.28%
PEGA		1.26%
DDD 3D Systems Corporation	Technology	1.23%
MU		1.18%
APPN Appian Corporation	Technology	1.15%
ILMN		1.1%
PRLB		0.98%
LAZR		0.97%
JD		0.94%
AZTA Azenta, Inc.	Healthcare	0.81%
TDOC		0.73%
FARO		0.65%
DAVA Endava plc	Technology	0.59%

Benchmark

Rebalance portfolio

Performance

The chart shows the growth of an initial investment of $10,000 in TRAI, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly

TRAI

Benchmark (^GSPC)

Portfolio components

Returns

	1 month	6 months	Year-To-Date	1 year	5 years (annualized)	10 years (annualized)
Benchmark	-2.39%	9.04%	12.78%	15.22%	1.30%	N/A
TRAI	-4.88%	5.14%	21.23%	23.32%	-4.39%	N/A
Portfolio components:
AI C3.ai, Inc.	-21.32%	1.50%	129.22%	95.21%	-28.46%	N/A
NVDA	-12.94%	53.20%	180.77%	226.74%	41.32%	N/A
IBM	2.77%	20.61%	8.57%	23.52%	7.01%	N/A
NOW	-3.25%	26.94%	41.53%	42.01%	0.20%	N/A
ROK	-6.25%	1.32%	9.64%	26.10%	2.94%	N/A
AMD Advanced Micro Devices, Inc.	-12.17%	-1.88%	48.39%	38.29%	5.92%	N/A
DT Dynatrace, Inc.	-0.45%	18.63%	21.20%	36.13%	-3.12%	N/A
KLAC	-9.59%	19.88%	19.65%	44.60%	12.26%	N/A
NATI	0.80%	15.25%	63.75%	55.65%	12.85%	N/A
GOOGL	-1.46%	23.71%	47.84%	30.26%	4.88%	N/A
PTC	-0.75%	16.51%	18.12%	29.68%	-0.54%	N/A
PRO	-10.03%	27.95%	34.54%	41.24%	-10.45%	N/A
TER	-9.13%	-9.90%	9.80%	20.35%	-9.91%	N/A
ANSS ANSYS, Inc.	-0.68%	-4.73%	24.49%	29.62%	-6.66%	N/A
QCOM	-2.20%	-12.25%	0.19%	-10.37%	-6.04%	N/A
TSLA	7.95%	34.29%	107.58%	-11.40%	1.07%	N/A
BIDU Baidu, Inc.	-3.40%	-18.09%	11.91%	7.73%	-16.61%	N/A
AKAM Akamai Technologies, Inc.	5.36%	41.92%	28.03%	31.48%	0.79%	N/A
SNPS	-0.89%	17.98%	39.14%	44.73%	21.96%	N/A
ISRG	-2.08%	10.89%	7.16%	48.81%	-1.53%	N/A
MSFT	-2.28%	14.38%	34.15%	33.88%	8.27%	N/A
JNJ	-1.03%	7.48%	-6.46%	0.08%	1.29%	N/A
APTV Aptiv PLC	-0.18%	-8.66%	5.12%	12.70%	-11.63%	N/A
EQIX	-3.51%	8.60%	13.57%	22.70%	1.90%	N/A
EMR Emerson Electric Co.	-0.14%	17.78%	2.25%	30.78%	3.68%	N/A
ADSK Autodesk, Inc.	-0.15%	1.92%	9.20%	9.04%	-11.50%	N/A
JBT	-4.26%	1.29%	14.75%	21.97%	-9.01%	N/A
CDNS Cadence Design Systems, Inc.	-2.14%	11.79%	42.29%	40.82%	18.36%	N/A
MGA	-4.79%	9.18%	-1.67%	6.15%	-16.44%	N/A
GNTX	-1.40%	19.75%	18.10%	28.78%	-3.14%	N/A
NICE	-14.02%	-18.04%	-10.47%	-9.22%	-10.40%	N/A
TSM	-9.03%	-7.33%	15.91%	14.67%	-9.41%	N/A
NXPI	-3.05%	11.03%	24.76%	27.72%	0.29%	N/A
ZBRA	-15.33%	-20.80%	-10.81%	-16.22%	-23.57%	N/A
DE Deere & Company	-1.68%	0.92%	-9.03%	13.38%	2.08%	N/A
INTC	1.97%	18.93%	33.72%	27.61%	-17.01%	N/A
AMZN Amazon.com, Inc.	-4.57%	31.79%	53.96%	10.25%	-8.80%	N/A
BABA Alibaba Group Holding Limited	-6.38%	-3.21%	-4.52%	4.21%	-29.72%	N/A
OMCL	-10.18%	-7.03%	1.27%	-40.83%	-29.14%	N/A
CGNX Cognex Corporation	-10.81%	-11.06%	-9.25%	1.19%	-21.45%	N/A
SYK	3.08%	3.34%	16.95%	37.78%	3.58%	N/A
TRMB	-4.43%	2.87%	0.59%	-10.44%	-15.09%	N/A
CIEN Ciena Corporation	11.62%	-4.75%	-8.02%	14.25%	-5.40%	N/A
PATH	5.97%	2.45%	28.40%	25.15%	-39.75%	N/A
MDT	-3.85%	2.17%	5.24%	-1.25%	-13.68%	N/A
AMBA Ambarella, Inc.	-26.61%	-31.37%	-35.97%	-13.18%	-20.58%	N/A
PEGA	-12.15%	-4.87%	24.75%	29.98%	-31.87%	N/A
DDD 3D Systems Corporation	-27.09%	-54.29%	-37.43%	-44.28%	-41.86%	N/A
MU	4.16%	11.45%	36.39%	37.87%	-8.80%	N/A
APPN Appian Corporation	-9.01%	7.06%	32.19%	0.35%	-31.11%	N/A
ILMN	-18.67%	-39.40%	-34.06%	-31.09%	-32.23%	N/A
PRLB	-9.92%	-16.68%	3.13%	-28.14%	-38.80%	N/A
LAZR	-23.41%	-30.36%	-10.10%	-43.38%	-39.88%	N/A
JD	-11.83%	-24.90%	-46.09%	-43.41%	-26.92%	N/A
AZTA Azenta, Inc.	-12.75%	15.58%	-16.42%	5.97%	-21.56%	N/A
TDOC	-16.08%	-22.94%	-18.35%	-30.94%	-54.62%	N/A
FARO	-9.51%	-33.58%	-47.60%	-46.77%	-45.61%	N/A
DAVA Endava plc	9.83%	-16.78%	-28.75%	-27.28%	-13.92%	N/A
RUB=X	0.44%	0.39%	-0.22%	0.05%	0.19%	N/A
Returns over 1 year are annualized

Asset Correlations Table

The table below shows the correlation coefficients between the assets in the portfolio.

	RUB=X	JNJ	IBM	DE	JD	BABA	MDT	BIDU	EQIX	OMCL	DAVA	LAZR	TSLA	EMR	PRLB	SYK	AKAM	ILMN	AI	GNTX	PRO	FARO	JBT	CIEN	NICE	PATH	TSM	NATI	INTC	MU	ROK	APPN	MGA	DT	AZTA	TDOC	PEGA	DDD	ISRG	AMZN	APTV	AMD	GOOGL	PTC	CGNX	QCOM	MSFT	CDNS	NXPI	NOW	NVDA	ZBRA	AMBA	KLAC	TER	SNPS	TRMB	ADSK	ANSS
RUB=X	1.00	0.04	-0.01	-0.02	0.04	-0.01	0.01	0.01	-0.00	0.01	0.09	0.01	-0.00	0.04	0.02	0.01	0.01	0.06	-0.02	0.06	-0.00	0.02	0.02	0.02	0.03	0.02	0.01	0.02	-0.02	-0.01	0.03	0.04	0.03	0.06	0.01	0.01	0.03	0.01	0.03	0.07	0.04	0.05	0.04	0.01	0.07	0.02	0.04	0.02	0.04	0.07	0.06	0.02	0.08	0.06	0.04	0.03	0.06	0.01	0.06
JNJ	0.04	1.00	0.38	0.16	-0.03	-0.02	0.40	-0.04	0.31	0.14	0.03	-0.03	0.03	0.27	0.05	0.40	0.26	0.22	0.00	0.14	0.04	0.09	0.08	0.20	0.11	0.03	0.06	0.15	0.18	0.09	0.21	0.03	0.10	0.07	0.12	0.05	0.09	0.04	0.32	0.15	0.08	0.08	0.23	0.18	0.15	0.11	0.27	0.18	0.12	0.12	0.09	0.15	0.07	0.16	0.13	0.16	0.15	0.14	0.20
IBM	-0.01	0.38	1.00	0.36	0.10	0.14	0.39	0.15	0.29	0.22	0.18	0.18	0.17	0.48	0.24	0.39	0.35	0.21	0.21	0.41	0.24	0.27	0.43	0.42	0.23	0.19	0.26	0.33	0.39	0.32	0.44	0.15	0.42	0.16	0.25	0.20	0.23	0.26	0.31	0.25	0.37	0.24	0.35	0.30	0.27	0.34	0.32	0.26	0.34	0.21	0.24	0.35	0.27	0.36	0.32	0.27	0.35	0.33	0.30
DE	-0.02	0.16	0.36	1.00	0.19	0.20	0.27	0.23	0.20	0.19	0.20	0.26	0.25	0.60	0.30	0.32	0.30	0.20	0.23	0.44	0.22	0.31	0.44	0.34	0.24	0.22	0.30	0.32	0.33	0.28	0.41	0.22	0.49	0.21	0.26	0.25	0.22	0.31	0.30	0.26	0.43	0.26	0.24	0.31	0.32	0.34	0.27	0.26	0.41	0.23	0.32	0.37	0.36	0.34	0.37	0.27	0.38	0.32	0.25
JD	0.04	-0.03	0.10	0.19	1.00	0.76	0.18	0.76	0.19	0.18	0.30	0.36	0.32	0.24	0.28	0.19	0.20	0.30	0.36	0.26	0.28	0.29	0.28	0.26	0.33	0.40	0.41	0.30	0.31	0.33	0.24	0.31	0.39	0.31	0.33	0.42	0.34	0.37	0.26	0.33	0.37	0.36	0.33	0.33	0.32	0.35	0.31	0.26	0.34	0.33	0.34	0.35	0.38	0.34	0.34	0.28	0.33	0.34	0.33
BABA	-0.01	-0.02	0.14	0.20	0.76	1.00	0.21	0.77	0.23	0.21	0.30	0.38	0.34	0.25	0.35	0.19	0.23	0.33	0.39	0.28	0.30	0.31	0.30	0.27	0.35	0.41	0.38	0.31	0.34	0.34	0.21	0.35	0.40	0.32	0.32	0.46	0.32	0.42	0.27	0.36	0.39	0.35	0.33	0.35	0.30	0.35	0.30	0.26	0.30	0.33	0.32	0.33	0.37	0.33	0.35	0.28	0.37	0.35	0.34
MDT	0.01	0.40	0.39	0.27	0.18	0.21	1.00	0.21	0.39	0.32	0.28	0.23	0.24	0.43	0.32	0.68	0.44	0.39	0.24	0.41	0.34	0.36	0.39	0.39	0.31	0.29	0.25	0.38	0.36	0.30	0.44	0.27	0.40	0.33	0.33	0.35	0.39	0.31	0.58	0.37	0.37	0.26	0.40	0.42	0.42	0.33	0.43	0.38	0.34	0.37	0.30	0.42	0.31	0.31	0.32	0.38	0.45	0.42	0.47
BIDU	0.01	-0.04	0.15	0.23	0.76	0.77	0.21	1.00	0.25	0.23	0.31	0.40	0.37	0.28	0.37	0.24	0.27	0.33	0.43	0.30	0.32	0.32	0.34	0.28	0.37	0.43	0.44	0.37	0.38	0.39	0.28	0.39	0.44	0.39	0.37	0.49	0.37	0.45	0.32	0.38	0.40	0.40	0.39	0.39	0.39	0.38	0.37	0.32	0.37	0.38	0.39	0.37	0.43	0.38	0.41	0.35	0.40	0.40	0.41
EQIX	-0.00	0.31	0.29	0.20	0.19	0.23	0.39	0.25	1.00	0.38	0.32	0.31	0.31	0.31	0.30	0.46	0.46	0.41	0.32	0.30	0.33	0.35	0.34	0.41	0.40	0.35	0.30	0.35	0.32	0.26	0.44	0.37	0.30	0.37	0.36	0.39	0.43	0.33	0.51	0.43	0.30	0.33	0.37	0.45	0.46	0.33	0.46	0.45	0.31	0.47	0.40	0.44	0.36	0.36	0.36	0.44	0.48	0.44	0.51
OMCL	0.01	0.14	0.22	0.19	0.18	0.21	0.32	0.23	0.38	1.00	0.40	0.36	0.36	0.34	0.42	0.38	0.37	0.43	0.37	0.32	0.41	0.42	0.44	0.32	0.39	0.40	0.31	0.34	0.35	0.36	0.37	0.42	0.36	0.39	0.43	0.46	0.45	0.46	0.45	0.43	0.39	0.38	0.43	0.42	0.43	0.37	0.37	0.41	0.38	0.46	0.38	0.46	0.42	0.41	0.42	0.44	0.47	0.44	0.49
DAVA	0.09	0.03	0.18	0.20	0.30	0.30	0.28	0.31	0.32	0.40	1.00	0.39	0.42	0.32	0.36	0.33	0.35	0.41	0.42	0.37	0.41	0.43	0.35	0.43	0.53	0.46	0.41	0.40	0.34	0.37	0.41	0.47	0.40	0.46	0.41	0.43	0.48	0.42	0.44	0.43	0.42	0.40	0.45	0.42	0.44	0.44	0.46	0.49	0.41	0.53	0.46	0.52	0.51	0.45	0.47	0.51	0.52	0.53	0.54
LAZR	0.01	-0.03	0.18	0.26	0.36	0.38	0.23	0.40	0.31	0.36	0.39	1.00	0.48	0.27	0.42	0.27	0.31	0.38	0.61	0.37	0.50	0.46	0.40	0.38	0.42	0.56	0.41	0.40	0.38	0.39	0.32	0.54	0.48	0.45	0.44	0.58	0.51	0.60	0.36	0.45	0.49	0.47	0.41	0.42	0.44	0.44	0.39	0.42	0.46	0.45	0.48	0.45	0.53	0.43	0.45	0.44	0.47	0.49	0.45
TSLA	-0.00	0.03	0.17	0.25	0.32	0.34	0.24	0.37	0.31	0.36	0.42	0.48	1.00	0.26	0.40	0.29	0.35	0.39	0.47	0.34	0.41	0.43	0.40	0.35	0.44	0.48	0.47	0.37	0.42	0.40	0.38	0.50	0.42	0.45	0.47	0.55	0.41	0.52	0.42	0.49	0.48	0.50	0.48	0.41	0.44	0.46	0.49	0.48	0.50	0.50	0.56	0.44	0.52	0.49	0.50	0.48	0.47	0.49	0.49
EMR	0.04	0.27	0.48	0.60	0.24	0.25	0.43	0.28	0.31	0.34	0.32	0.27	0.26	1.00	0.37	0.50	0.42	0.36	0.27	0.53	0.34	0.42	0.56	0.51	0.30	0.30	0.42	0.47	0.48	0.45	0.67	0.28	0.60	0.35	0.41	0.30	0.33	0.39	0.44	0.39	0.54	0.37	0.46	0.46	0.49	0.47	0.44	0.42	0.53	0.35	0.42	0.59	0.45	0.50	0.50	0.44	0.54	0.47	0.47
PRLB	0.02	0.05	0.24	0.30	0.28	0.35	0.32	0.37	0.30	0.42	0.36	0.42	0.40	0.37	1.00	0.32	0.36	0.44	0.50	0.42	0.51	0.53	0.51	0.39	0.40	0.49	0.37	0.42	0.40	0.39	0.40	0.54	0.45	0.46	0.50	0.55	0.49	0.64	0.40	0.40	0.45	0.43	0.40	0.47	0.45	0.42	0.39	0.38	0.45	0.46	0.41	0.49	0.49	0.43	0.46	0.43	0.54	0.50	0.47
SYK	0.01	0.40	0.39	0.32	0.19	0.19	0.68	0.24	0.46	0.38	0.33	0.27	0.29	0.50	0.32	1.00	0.45	0.46	0.30	0.47	0.36	0.40	0.43	0.46	0.39	0.36	0.37	0.43	0.45	0.40	0.51	0.31	0.44	0.41	0.44	0.38	0.47	0.36	0.67	0.44	0.43	0.38	0.48	0.49	0.50	0.42	0.53	0.51	0.45	0.45	0.41	0.51	0.43	0.46	0.44	0.52	0.52	0.50	0.56
AKAM	0.01	0.26	0.35	0.30	0.20	0.23	0.44	0.27	0.46	0.37	0.35	0.31	0.35	0.42	0.36	0.45	1.00	0.43	0.35	0.44	0.41	0.38	0.41	0.47	0.47	0.40	0.37	0.44	0.43	0.37	0.49	0.44	0.41	0.47	0.41	0.41	0.47	0.40	0.52	0.48	0.39	0.43	0.53	0.50	0.50	0.43	0.55	0.52	0.42	0.53	0.45	0.52	0.41	0.45	0.43	0.53	0.54	0.54	0.58
ILMN	0.06	0.22	0.21	0.20	0.30	0.33	0.39	0.33	0.41	0.43	0.41	0.38	0.39	0.36	0.44	0.46	0.43	1.00	0.43	0.32	0.43	0.44	0.34	0.38	0.48	0.49	0.35	0.40	0.38	0.36	0.41	0.48	0.34	0.50	0.50	0.55	0.52	0.49	0.52	0.47	0.38	0.43	0.46	0.49	0.49	0.40	0.49	0.45	0.40	0.49	0.46	0.50	0.47	0.43	0.44	0.49	0.52	0.55	0.56
AI	-0.02	0.00	0.21	0.23	0.36	0.39	0.24	0.43	0.32	0.37	0.42	0.61	0.47	0.27	0.50	0.30	0.35	0.43	1.00	0.35	0.50	0.46	0.38	0.37	0.48	0.62	0.37	0.38	0.39	0.38	0.33	0.61	0.42	0.55	0.44	0.60	0.54	0.61	0.42	0.48	0.45	0.47	0.42	0.48	0.46	0.44	0.44	0.45	0.43	0.57	0.51	0.43	0.54	0.41	0.45	0.51	0.48	0.55	0.54
GNTX	0.06	0.14	0.41	0.44	0.26	0.28	0.41	0.30	0.30	0.32	0.37	0.37	0.34	0.53	0.42	0.47	0.44	0.32	0.35	1.00	0.41	0.45	0.60	0.50	0.40	0.38	0.40	0.48	0.46	0.48	0.52	0.38	0.73	0.40	0.43	0.41	0.43	0.46	0.45	0.40	0.68	0.40	0.44	0.46	0.49	0.49	0.40	0.41	0.52	0.38	0.42	0.53	0.50	0.52	0.51	0.43	0.55	0.51	0.48
PRO	-0.00	0.04	0.24	0.22	0.28	0.30	0.34	0.32	0.33	0.41	0.41	0.50	0.41	0.34	0.51	0.36	0.41	0.43	0.50	0.41	1.00	0.47	0.43	0.41	0.47	0.54	0.42	0.42	0.42	0.42	0.39	0.58	0.44	0.55	0.43	0.55	0.59	0.52	0.43	0.49	0.48	0.44	0.45	0.52	0.46	0.46	0.44	0.46	0.44	0.54	0.47	0.49	0.49	0.44	0.45	0.50	0.51	0.55	0.54
FARO	0.02	0.09	0.27	0.31	0.29	0.31	0.36	0.32	0.35	0.42	0.43	0.46	0.43	0.42	0.53	0.40	0.38	0.44	0.46	0.45	0.47	1.00	0.48	0.43	0.42	0.47	0.39	0.47	0.43	0.43	0.45	0.48	0.48	0.44	0.55	0.50	0.50	0.59	0.44	0.41	0.51	0.44	0.44	0.53	0.53	0.46	0.42	0.45	0.47	0.45	0.49	0.53	0.49	0.47	0.50	0.47	0.58	0.48	0.53
JBT	0.02	0.08	0.43	0.44	0.28	0.30	0.39	0.34	0.34	0.44	0.35	0.40	0.40	0.56	0.51	0.43	0.41	0.34	0.38	0.60	0.43	0.48	1.00	0.45	0.38	0.42	0.42	0.48	0.47	0.49	0.59	0.39	0.63	0.38	0.49	0.45	0.41	0.52	0.41	0.46	0.59	0.43	0.44	0.43	0.50	0.53	0.42	0.45	0.55	0.42	0.46	0.52	0.54	0.49	0.52	0.48	0.58	0.52	0.52
CIEN	0.02	0.20	0.42	0.34	0.26	0.27	0.39	0.28	0.41	0.32	0.43	0.38	0.35	0.51	0.39	0.46	0.47	0.38	0.37	0.50	0.41	0.43	0.45	1.00	0.42	0.40	0.44	0.49	0.50	0.50	0.52	0.40	0.52	0.40	0.45	0.40	0.42	0.47	0.50	0.46	0.49	0.46	0.53	0.49	0.50	0.53	0.54	0.52	0.53	0.47	0.50	0.57	0.54	0.57	0.56	0.53	0.59	0.56	0.56
NICE	0.03	0.11	0.23	0.24	0.33	0.35	0.31	0.37	0.40	0.39	0.53	0.42	0.44	0.30	0.40	0.39	0.47	0.48	0.48	0.40	0.47	0.42	0.38	0.42	1.00	0.54	0.42	0.45	0.42	0.40	0.43	0.56	0.41	0.57	0.48	0.49	0.60	0.46	0.50	0.52	0.45	0.47	0.50	0.54	0.55	0.48	0.55	0.59	0.46	0.64	0.53	0.54	0.53	0.52	0.50	0.60	0.56	0.61	0.61
PATH	0.02	0.03	0.19	0.22	0.40	0.41	0.29	0.43	0.35	0.40	0.46	0.56	0.48	0.30	0.49	0.36	0.40	0.49	0.62	0.38	0.54	0.47	0.42	0.40	0.54	1.00	0.41	0.40	0.43	0.41	0.37	0.66	0.41	0.61	0.48	0.66	0.62	0.57	0.40	0.55	0.44	0.52	0.48	0.50	0.49	0.47	0.46	0.49	0.49	0.63	0.52	0.50	0.55	0.48	0.47	0.52	0.53	0.59	0.56
TSM	0.01	0.06	0.26	0.30	0.41	0.38	0.25	0.44	0.30	0.31	0.41	0.41	0.47	0.42	0.37	0.37	0.37	0.35	0.37	0.40	0.42	0.39	0.42	0.44	0.42	0.41	1.00	0.51	0.55	0.64	0.45	0.42	0.47	0.43	0.48	0.40	0.40	0.47	0.45	0.50	0.49	0.65	0.57	0.49	0.49	0.68	0.57	0.55	0.67	0.50	0.68	0.53	0.61	0.68	0.68	0.58	0.51	0.55	0.55
NATI	0.02	0.15	0.33	0.32	0.30	0.31	0.38	0.37	0.35	0.34	0.40	0.40	0.37	0.47	0.42	0.43	0.44	0.40	0.38	0.48	0.42	0.47	0.48	0.49	0.45	0.40	0.51	1.00	0.48	0.50	0.49	0.43	0.51	0.46	0.51	0.43	0.45	0.48	0.49	0.46	0.52	0.50	0.55	0.52	0.53	0.59	0.53	0.57	0.58	0.52	0.54	0.55	0.53	0.58	0.59	0.57	0.58	0.56	0.59
INTC	-0.02	0.18	0.39	0.33	0.31	0.34	0.36	0.38	0.32	0.35	0.34	0.38	0.42	0.48	0.40	0.45	0.43	0.38	0.39	0.46	0.42	0.43	0.47	0.50	0.42	0.43	0.55	0.48	1.00	0.59	0.47	0.42	0.52	0.37	0.50	0.41	0.41	0.46	0.48	0.49	0.49	0.56	0.54	0.52	0.50	0.63	0.55	0.52	0.66	0.47	0.57	0.57	0.54	0.63	0.63	0.54	0.55	0.54	0.56
MU	-0.01	0.09	0.32	0.28	0.33	0.34	0.30	0.39	0.26	0.36	0.37	0.39	0.40	0.45	0.39	0.40	0.37	0.36	0.38	0.48	0.42	0.43	0.49	0.50	0.40	0.41	0.64	0.50	0.59	1.00	0.47	0.41	0.52	0.39	0.51	0.39	0.41	0.48	0.44	0.49	0.54	0.63	0.55	0.50	0.52	0.68	0.51	0.52	0.66	0.46	0.63	0.53	0.60	0.71	0.70	0.56	0.54	0.54	0.54
ROK	0.03	0.21	0.44	0.41	0.24	0.21	0.44	0.28	0.44	0.37	0.41	0.32	0.38	0.67	0.40	0.51	0.49	0.41	0.33	0.52	0.39	0.45	0.59	0.52	0.43	0.37	0.45	0.49	0.47	0.47	1.00	0.39	0.56	0.42	0.45	0.37	0.43	0.41	0.51	0.45	0.57	0.46	0.49	0.53	0.56	0.51	0.53	0.55	0.59	0.49	0.51	0.64	0.52	0.56	0.56	0.57	0.61	0.56	0.62
APPN	0.04	0.03	0.15	0.22	0.31	0.35	0.27	0.39	0.37	0.42	0.47	0.54	0.50	0.28	0.54	0.31	0.44	0.48	0.61	0.38	0.58	0.48	0.39	0.40	0.56	0.66	0.42	0.43	0.42	0.41	0.39	1.00	0.39	0.62	0.53	0.66	0.66	0.63	0.46	0.54	0.45	0.50	0.48	0.54	0.53	0.49	0.48	0.52	0.49	0.67	0.54	0.50	0.54	0.47	0.51	0.54	0.54	0.59	0.57
MGA	0.03	0.10	0.42	0.49	0.39	0.40	0.40	0.44	0.30	0.36	0.40	0.48	0.42	0.60	0.45	0.44	0.41	0.34	0.42	0.73	0.44	0.48	0.63	0.52	0.41	0.41	0.47	0.51	0.52	0.52	0.56	0.39	1.00	0.39	0.48	0.46	0.41	0.53	0.43	0.43	0.77	0.43	0.47	0.51	0.49	0.52	0.43	0.43	0.57	0.40	0.48	0.58	0.55	0.53	0.55	0.45	0.58	0.51	0.49
DT	0.06	0.07	0.16	0.21	0.31	0.32	0.33	0.39	0.37	0.39	0.46	0.45	0.45	0.35	0.46	0.41	0.47	0.50	0.55	0.40	0.55	0.44	0.38	0.40	0.57	0.61	0.43	0.46	0.37	0.39	0.42	0.62	0.39	1.00	0.48	0.62	0.62	0.52	0.53	0.57	0.45	0.52	0.52	0.58	0.59	0.43	0.56	0.59	0.46	0.72	0.56	0.51	0.53	0.51	0.47	0.62	0.55	0.64	0.65
AZTA	0.01	0.12	0.25	0.26	0.33	0.32	0.33	0.37	0.36	0.43	0.41	0.44	0.47	0.41	0.50	0.44	0.41	0.50	0.44	0.43	0.43	0.55	0.49	0.45	0.48	0.48	0.48	0.51	0.50	0.51	0.45	0.53	0.48	0.48	1.00	0.52	0.48	0.56	0.54	0.48	0.49	0.51	0.53	0.52	0.53	0.53	0.50	0.54	0.56	0.50	0.53	0.60	0.61	0.59	0.60	0.55	0.62	0.55	0.57
TDOC	0.01	0.05	0.20	0.25	0.42	0.46	0.35	0.49	0.39	0.46	0.43	0.58	0.55	0.30	0.55	0.38	0.41	0.55	0.60	0.41	0.55	0.50	0.45	0.40	0.49	0.66	0.40	0.43	0.41	0.39	0.37	0.66	0.46	0.62	0.52	1.00	0.61	0.69	0.51	0.52	0.49	0.48	0.48	0.50	0.50	0.45	0.47	0.49	0.45	0.61	0.52	0.52	0.53	0.45	0.48	0.51	0.55	0.59	0.58
PEGA	0.03	0.09	0.23	0.22	0.34	0.32	0.39	0.37	0.43	0.45	0.48	0.51	0.41	0.33	0.49	0.47	0.47	0.52	0.54	0.43	0.59	0.50	0.41	0.42	0.60	0.62	0.40	0.45	0.41	0.41	0.43	0.66	0.41	0.62	0.48	0.61	1.00	0.53	0.52	0.51	0.48	0.47	0.52	0.57	0.55	0.46	0.54	0.56	0.46	0.70	0.52	0.54	0.51	0.47	0.46	0.58	0.57	0.63	0.62
DDD	0.01	0.04	0.26	0.31	0.37	0.42	0.31	0.45	0.33	0.46	0.42	0.60	0.52	0.39	0.64	0.36	0.40	0.49	0.61	0.46	0.52	0.59	0.52	0.47	0.46	0.57	0.47	0.48	0.46	0.48	0.41	0.63	0.53	0.52	0.56	0.69	0.53	1.00	0.45	0.49	0.55	0.50	0.45	0.52	0.53	0.51	0.42	0.46	0.53	0.51	0.53	0.54	0.59	0.51	0.54	0.48	0.58	0.57	0.54
ISRG	0.03	0.32	0.31	0.30	0.26	0.27	0.58	0.32	0.51	0.45	0.44	0.36	0.42	0.44	0.40	0.67	0.52	0.52	0.42	0.45	0.43	0.44	0.41	0.50	0.50	0.40	0.45	0.49	0.48	0.44	0.51	0.46	0.43	0.53	0.54	0.51	0.52	0.45	1.00	0.54	0.47	0.47	0.58	0.58	0.56	0.50	0.65	0.60	0.50	0.61	0.55	0.54	0.54	0.56	0.56	0.64	0.57	0.63	0.68
AMZN	0.07	0.15	0.25	0.26	0.33	0.36	0.37	0.38	0.43	0.43	0.43	0.45	0.49	0.39	0.40	0.44	0.48	0.47	0.48	0.40	0.49	0.41	0.46	0.46	0.52	0.55	0.50	0.46	0.49	0.49	0.45	0.54	0.43	0.57	0.48	0.52	0.51	0.49	0.54	1.00	0.48	0.58	0.70	0.50	0.54	0.57	0.67	0.57	0.50	0.65	0.61	0.53	0.54	0.54	0.53	0.61	0.57	0.63	0.65
APTV	0.04	0.08	0.37	0.43	0.37	0.39	0.37	0.40	0.30	0.39	0.42	0.49	0.48	0.54	0.45	0.43	0.39	0.38	0.45	0.68	0.48	0.51	0.59	0.49	0.45	0.44	0.49	0.52	0.49	0.54	0.57	0.45	0.77	0.45	0.49	0.49	0.48	0.55	0.47	0.48	1.00	0.50	0.53	0.54	0.50	0.56	0.46	0.47	0.61	0.46	0.52	0.60	0.60	0.56	0.60	0.52	0.61	0.56	0.55
AMD	0.05	0.08	0.24	0.26	0.36	0.35	0.26	0.40	0.33	0.38	0.40	0.47	0.50	0.37	0.43	0.38	0.43	0.43	0.47	0.40	0.44	0.44	0.43	0.46	0.47	0.52	0.65	0.50	0.56	0.63	0.46	0.50	0.43	0.52	0.51	0.48	0.47	0.50	0.47	0.58	0.50	1.00	0.59	0.52	0.56	0.68	0.63	0.63	0.67	0.59	0.80	0.54	0.66	0.72	0.68	0.66	0.55	0.60	0.63
GOOGL	0.04	0.23	0.35	0.24	0.33	0.33	0.40	0.39	0.37	0.43	0.45	0.41	0.48	0.46	0.40	0.48	0.53	0.46	0.42	0.44	0.45	0.44	0.44	0.53	0.50	0.48	0.57	0.55	0.54	0.55	0.49	0.48	0.47	0.52	0.53	0.48	0.52	0.45	0.58	0.70	0.53	0.59	1.00	0.52	0.55	0.58	0.75	0.61	0.55	0.59	0.63	0.59	0.54	0.61	0.59	0.63	0.58	0.63	0.66
PTC	0.01	0.18	0.30	0.31	0.33	0.35	0.42	0.39	0.45	0.42	0.42	0.42	0.41	0.46	0.47	0.49	0.50	0.49	0.48	0.46	0.52	0.53	0.43	0.49	0.54	0.50	0.49	0.52	0.52	0.50	0.53	0.54	0.51	0.58	0.52	0.50	0.57	0.52	0.58	0.50	0.54	0.52	0.52	1.00	0.57	0.56	0.60	0.63	0.60	0.63	0.56	0.56	0.62	0.59	0.59	0.64	0.63	0.71	0.71
CGNX	0.07	0.15	0.27	0.32	0.32	0.30	0.42	0.39	0.46	0.43	0.44	0.44	0.44	0.49	0.45	0.50	0.50	0.49	0.46	0.49	0.46	0.53	0.50	0.50	0.55	0.49	0.49	0.53	0.50	0.52	0.56	0.53	0.49	0.59	0.53	0.50	0.55	0.53	0.56	0.54	0.50	0.56	0.55	0.57	1.00	0.56	0.58	0.66	0.58	0.59	0.58	0.66	0.59	0.61	0.62	0.65	0.68	0.63	0.69
QCOM	0.02	0.11	0.34	0.34	0.35	0.35	0.33	0.38	0.33	0.37	0.44	0.44	0.46	0.47	0.42	0.42	0.43	0.40	0.44	0.49	0.46	0.46	0.53	0.53	0.48	0.47	0.68	0.59	0.63	0.68	0.51	0.49	0.52	0.43	0.53	0.45	0.46	0.51	0.50	0.57	0.56	0.68	0.58	0.56	0.56	1.00	0.62	0.64	0.76	0.57	0.69	0.63	0.67	0.72	0.74	0.67	0.61	0.60	0.64
MSFT	0.04	0.27	0.32	0.27	0.31	0.30	0.43	0.37	0.46	0.37	0.46	0.39	0.49	0.44	0.39	0.53	0.55	0.49	0.44	0.40	0.44	0.42	0.42	0.54	0.55	0.46	0.57	0.53	0.55	0.51	0.53	0.48	0.43	0.56	0.50	0.47	0.54	0.42	0.65	0.67	0.46	0.63	0.75	0.60	0.58	0.62	1.00	0.69	0.58	0.70	0.68	0.58	0.57	0.63	0.62	0.72	0.60	0.68	0.74
CDNS	0.02	0.18	0.26	0.26	0.26	0.26	0.38	0.32	0.45	0.41	0.49	0.42	0.48	0.42	0.38	0.51	0.52	0.45	0.45	0.41	0.46	0.45	0.45	0.52	0.59	0.49	0.55	0.57	0.52	0.52	0.55	0.52	0.43	0.59	0.54	0.49	0.56	0.46	0.60	0.57	0.47	0.63	0.61	0.63	0.66	0.64	0.69	1.00	0.61	0.70	0.67	0.60	0.61	0.68	0.64	0.89	0.63	0.69	0.79
NXPI	0.04	0.12	0.34	0.41	0.34	0.30	0.34	0.37	0.31	0.38	0.41	0.46	0.50	0.53	0.45	0.45	0.42	0.40	0.43	0.52	0.44	0.47	0.55	0.53	0.46	0.49	0.67	0.58	0.66	0.66	0.59	0.49	0.57	0.46	0.56	0.45	0.46	0.53	0.50	0.50	0.61	0.67	0.55	0.60	0.58	0.76	0.58	0.61	1.00	0.56	0.70	0.65	0.74	0.79	0.80	0.64	0.62	0.61	0.62
NOW	0.07	0.12	0.21	0.23	0.33	0.33	0.37	0.38	0.47	0.46	0.53	0.45	0.50	0.35	0.46	0.45	0.53	0.49	0.57	0.38	0.54	0.45	0.42	0.47	0.64	0.63	0.50	0.52	0.47	0.46	0.49	0.67	0.40	0.72	0.50	0.61	0.70	0.51	0.61	0.65	0.46	0.59	0.59	0.63	0.59	0.57	0.70	0.70	0.56	1.00	0.64	0.57	0.60	0.61	0.57	0.74	0.60	0.71	0.74
NVDA	0.06	0.09	0.24	0.32	0.34	0.32	0.30	0.39	0.40	0.38	0.46	0.48	0.56	0.42	0.41	0.41	0.45	0.46	0.51	0.42	0.47	0.49	0.46	0.50	0.53	0.52	0.68	0.54	0.57	0.63	0.51	0.54	0.48	0.56	0.53	0.52	0.52	0.53	0.55	0.61	0.52	0.80	0.63	0.56	0.58	0.69	0.68	0.67	0.70	0.64	1.00	0.59	0.70	0.73	0.70	0.71	0.60	0.66	0.68
ZBRA	0.02	0.15	0.35	0.37	0.35	0.33	0.42	0.37	0.44	0.46	0.52	0.45	0.44	0.59	0.49	0.51	0.52	0.50	0.43	0.53	0.49	0.53	0.52	0.57	0.54	0.50	0.53	0.55	0.57	0.53	0.64	0.50	0.58	0.51	0.60	0.52	0.54	0.54	0.54	0.53	0.60	0.54	0.59	0.56	0.66	0.63	0.58	0.60	0.65	0.57	0.59	1.00	0.61	0.64	0.63	0.62	0.72	0.64	0.66
AMBA	0.08	0.07	0.27	0.36	0.38	0.37	0.31	0.43	0.36	0.42	0.51	0.53	0.52	0.45	0.49	0.43	0.41	0.47	0.54	0.50	0.49	0.49	0.54	0.54	0.53	0.55	0.61	0.53	0.54	0.60	0.52	0.54	0.55	0.53	0.61	0.53	0.51	0.59	0.54	0.54	0.60	0.66	0.54	0.62	0.59	0.67	0.57	0.61	0.74	0.60	0.70	0.61	1.00	0.73	0.75	0.66	0.63	0.64	0.65
KLAC	0.06	0.16	0.36	0.34	0.34	0.33	0.31	0.38	0.36	0.41	0.45	0.43	0.49	0.50	0.43	0.46	0.45	0.43	0.41	0.52	0.44	0.47	0.49	0.57	0.52	0.48	0.68	0.58	0.63	0.71	0.56	0.47	0.53	0.51	0.59	0.45	0.47	0.51	0.56	0.54	0.56	0.72	0.61	0.59	0.61	0.72	0.63	0.68	0.79	0.61	0.73	0.64	0.73	1.00	0.84	0.71	0.62	0.62	0.67
TER	0.04	0.13	0.32	0.37	0.34	0.35	0.32	0.41	0.36	0.42	0.47	0.45	0.50	0.50	0.46	0.44	0.43	0.44	0.45	0.51	0.45	0.50	0.52	0.56	0.50	0.47	0.68	0.59	0.63	0.70	0.56	0.51	0.55	0.47	0.60	0.48	0.46	0.54	0.56	0.53	0.60	0.68	0.59	0.59	0.62	0.74	0.62	0.64	0.80	0.57	0.70	0.63	0.75	0.84	1.00	0.68	0.63	0.64	0.67
SNPS	0.03	0.16	0.27	0.27	0.28	0.28	0.38	0.35	0.44	0.44	0.51	0.44	0.48	0.44	0.43	0.52	0.53	0.49	0.51	0.43	0.50	0.47	0.48	0.53	0.60	0.52	0.58	0.57	0.54	0.56	0.57	0.54	0.45	0.62	0.55	0.51	0.58	0.48	0.64	0.61	0.52	0.66	0.63	0.64	0.65	0.67	0.72	0.89	0.64	0.74	0.71	0.62	0.66	0.71	0.68	1.00	0.66	0.72	0.79
TRMB	0.06	0.15	0.35	0.38	0.33	0.37	0.45	0.40	0.48	0.47	0.52	0.47	0.47	0.54	0.54	0.52	0.54	0.52	0.48	0.55	0.51	0.58	0.58	0.59	0.56	0.53	0.51	0.58	0.55	0.54	0.61	0.54	0.58	0.55	0.62	0.55	0.57	0.58	0.57	0.57	0.61	0.55	0.58	0.63	0.68	0.61	0.60	0.63	0.62	0.60	0.60	0.72	0.63	0.62	0.63	0.66	1.00	0.66	0.69
ADSK	0.01	0.14	0.33	0.32	0.34	0.35	0.42	0.40	0.44	0.44	0.53	0.49	0.49	0.47	0.50	0.50	0.54	0.55	0.55	0.51	0.55	0.48	0.52	0.56	0.61	0.59	0.55	0.56	0.54	0.54	0.56	0.59	0.51	0.64	0.55	0.59	0.63	0.57	0.63	0.63	0.56	0.60	0.63	0.71	0.63	0.60	0.68	0.69	0.61	0.71	0.66	0.64	0.64	0.62	0.64	0.72	0.66	1.00	0.77
ANSS	0.06	0.20	0.30	0.25	0.33	0.34	0.47	0.41	0.51	0.49	0.54	0.45	0.49	0.47	0.47	0.56	0.58	0.56	0.54	0.48	0.54	0.53	0.52	0.56	0.61	0.56	0.55	0.59	0.56	0.54	0.62	0.57	0.49	0.65	0.57	0.58	0.62	0.54	0.68	0.65	0.55	0.63	0.66	0.71	0.69	0.64	0.74	0.79	0.62	0.74	0.68	0.66	0.65	0.67	0.67	0.79	0.69	0.77	1.00

Sharpe Ratio

The current TRAI Sharpe ratio is 1.24. A Sharpe ratio greater than 1.0 is considered acceptable.

The Sharpe ratio of TRAI is in the top 25%, it signifies superior risk-adjusted performance. This means that for the level of risk undertaken, the portfolio is generating impressive returns compared to most others.

TRAI

Benchmark (^GSPC)

Portfolio components

Dividend yield

TRAI granted a 0.73% dividend yield in the last twelve months.

	TTM	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
TRAI	0.73%	0.83%	0.61%	0.71%	0.80%	1.02%	0.83%	0.99%	1.20%	1.60%	0.91%	1.08%
Portfolio components:
AI C3.ai, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NVDA	0.04%	0.11%	0.05%	0.12%	0.27%	0.46%	0.30%	0.46%	1.23%	1.77%	2.06%	0.66%
IBM	4.49%	4.85%	5.16%	5.91%	5.77%	6.89%	5.07%	4.53%	5.16%	3.89%	2.96%	2.64%
NOW	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROK	1.69%	1.78%	1.28%	1.72%	2.07%	2.65%	1.77%	2.48%	3.04%	2.57%	2.16%	2.66%
AMD Advanced Micro Devices, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DT Dynatrace, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KLAC	1.16%	1.26%	0.93%	1.40%	1.83%	3.42%	2.38%	3.03%	3.44%	31.69%	4.08%	5.01%
NATI	1.88%	3.08%	2.58%	2.54%	2.61%	2.29%	2.32%	3.06%	3.21%	2.40%	2.22%	2.81%
GOOGL	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PTC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRO	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TER	0.46%	0.51%	0.25%	0.34%	0.54%	1.17%	0.69%	0.98%	1.22%	0.97%	0.00%	0.00%
ANSS ANSYS, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QCOM	2.87%	2.72%	1.53%	1.79%	3.06%	4.82%	4.11%	3.87%	4.70%	2.82%	2.33%	2.12%
TSLA	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BIDU Baidu, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AKAM Akamai Technologies, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SNPS	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ISRG	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MSFT	0.85%	1.07%	0.69%	0.96%	1.24%	1.78%	1.99%	2.59%	2.61%	2.86%	3.07%	3.79%
JNJ	2.87%	2.57%	2.57%	2.72%	2.84%	3.12%	2.77%	3.27%	3.53%	3.34%	3.68%	4.59%
APTV Aptiv PLC	0.00%	0.00%	0.00%	0.17%	0.93%	1.45%	1.17%	1.79%	1.23%	1.47%	1.23%	0.00%
EQIX	1.82%	1.92%	1.40%	1.56%	1.80%	2.81%	1.96%	2.22%	6.77%	4.12%	0.00%	0.00%
EMR Emerson Electric Co.	2.16%	2.19%	2.27%	2.66%	2.83%	3.68%	3.21%	4.10%	4.91%	3.68%	3.14%	4.14%
ADSK Autodesk, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JBT	0.38%	0.44%	0.26%	0.35%	0.36%	0.57%	0.37%	0.48%	0.77%	1.14%	1.22%	1.69%
CDNS Cadence Design Systems, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MGA	3.40%	3.29%	2.24%	2.43%	2.96%	3.32%	2.27%	2.76%	2.67%	1.76%	1.98%	2.85%
GNTX	1.51%	1.78%	1.42%	1.46%	1.67%	2.31%	2.01%	2.00%	2.38%	1.95%	2.00%	3.33%
NICE	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%	0.93%	1.13%	1.29%	1.22%	0.00%
TSM	1.67%	1.95%	1.27%	1.29%	2.93%	3.09%	2.63%	3.04%	3.04%	2.19%	2.87%	2.96%
NXPI	2.00%	2.17%	1.02%	0.99%	1.04%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZBRA	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DE Deere & Company	1.25%	1.06%	1.16%	1.16%	1.84%	1.96%	1.67%	2.58%	3.59%	3.06%	2.69%	2.63%
INTC	2.83%	5.63%	2.86%	2.88%	2.35%	2.92%	2.73%	3.45%	3.47%	3.18%	4.59%	5.80%
AMZN Amazon.com, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BABA Alibaba Group Holding Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OMCL	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CGNX Cognex Corporation	0.66%	0.56%	0.32%	2.80%	0.37%	0.49%	0.28%	0.48%	0.64%	0.00%	0.00%	4.35%
SYK	1.04%	1.17%	0.98%	0.99%	1.06%	1.29%	1.20%	1.41%	1.66%	1.48%	1.65%	1.88%
TRMB	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CIEN Ciena Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PATH	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MDT	3.41%	3.49%	2.50%	2.08%	2.05%	2.41%	2.56%	2.74%	2.24%	2.02%	2.38%	3.91%
AMBA Ambarella, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PEGA	0.28%	0.35%	0.11%	0.09%	0.15%	0.25%	0.26%	0.34%	0.44%	0.52%	0.25%	0.55%
DDD 3D Systems Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MU	0.68%	0.89%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
APPN Appian Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ILMN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRLB	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LAZR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JD	2.08%	2.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AZTA Azenta, Inc.	0.00%	0.00%	0.39%	0.59%	0.97%	1.56%	1.74%	2.47%	4.08%	3.19%	3.56%	4.80%
TDOC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FARO	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DAVA Endava plc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RUB=X	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Expense Ratio

The TRAI has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

The portfolio doesn't hold funds that charge fees

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Ulcer Index
AI C3.ai, Inc.	0.85
NVDA	N/A
IBM	N/A
NOW	N/A
ROK	N/A
AMD Advanced Micro Devices, Inc.	0.53
DT Dynatrace, Inc.	0.58
KLAC	N/A
NATI	N/A
GOOGL	N/A
PTC	N/A
PRO	N/A
TER	N/A
ANSS ANSYS, Inc.	0.76
QCOM	N/A
TSLA	N/A
BIDU Baidu, Inc.	0.03
AKAM Akamai Technologies, Inc.	0.78
SNPS	N/A
ISRG	N/A
MSFT	N/A
JNJ	N/A
APTV Aptiv PLC	0.15
EQIX	N/A
EMR Emerson Electric Co.	1.12
ADSK Autodesk, Inc.	0.10
JBT	N/A
CDNS Cadence Design Systems, Inc.	1.15
MGA	N/A
GNTX	N/A
NICE	N/A
TSM	N/A
NXPI	N/A
ZBRA	N/A
DE Deere & Company	0.37
INTC	N/A
AMZN Amazon.com, Inc.	0.15
BABA Alibaba Group Holding Limited	-0.04
OMCL	N/A
CGNX Cognex Corporation	-0.10
SYK	N/A
TRMB	N/A
CIEN Ciena Corporation	0.38
PATH	N/A
MDT	N/A
AMBA Ambarella, Inc.	-0.34
PEGA	N/A
DDD 3D Systems Corporation	-0.79
MU	N/A
APPN Appian Corporation	-0.16
ILMN	N/A
PRLB	N/A
LAZR	N/A
JD	N/A
AZTA Azenta, Inc.	-0.03
TDOC	N/A
FARO	N/A
DAVA Endava plc	-0.54
RUB=X	N/A

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

TRAI

Benchmark (^GSPC)

Portfolio components

Worst Drawdowns

The table below shows the maximum drawdowns of the TRAI. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the TRAI is 41.18%, recorded on Oct 14, 2022. The portfolio has not recovered from it yet.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-41.18%	Nov 17, 2021	283	Oct 14, 2022	—	—	—
-10.58%	Apr 27, 2021	14	May 12, 2021	37	Jun 24, 2021	51
-7.78%	Sep 7, 2021	24	Oct 4, 2021	24	Nov 1, 2021	48
-5.07%	Jun 30, 2021	17	Jul 19, 2021	14	Aug 4, 2021	31
-4.12%	Aug 6, 2021	12	Aug 19, 2021	7	Aug 27, 2021	19

Volatility Chart

The current TRAI volatility is 4.18%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

TRAI

Benchmark (^GSPC)

Portfolio components