S&P Japan Beta-Neutral Economic Cycle Factor Rotator Index (JPY) seeks to rotate across three distinct strategies based on the most recent economic data from the Tankan and ESRI Indexes of Business Conditions in conjunction. The sub-index for the targeted strategy is constructed by taking on a long position in the target equity factor index and a short position in the S&P Japan 500 to achieve beta neutrality.

• S&P 500 Factor Rotator Index
• S&P 500 Growth Value Rotator Index
• S&P Economic Cycle Factor Rotator (Cash Bond) Index
• S&P Economic Cycle Factor Rotator Dynamic Long/Short Index
• S&P Economic Cycle Factor Rotator Index