Introducing AiPEX, an Artificially Intelligent Index with IBM WatsonTM.

AI Powered Investing

The AI Powered US Equity Indexes are the first and only rules-based equity strategies to use IBM Watson to turn data into investment insight.

AiPEX is a risk controlled, excess return index comprised of approximately 250 U.S. publicly traded companies, adjusted monthly, that is intended to provide growth through a variety of market conditions.

IBM - The World Leader in AI

IBM Watson represents a new era in computing, where systems understand the world the way humans do: through intuition, learning, and experience. IBM Watson continuously learns, gaining value and knowledge from interactions over time.

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Performance:
Historical & Simulated

The AI Powered US Equity Index would have provided growth through a variety of market environments due in part to a monthly equity selection process intended to adapt to market changes and mitigate potential risks. While real-time calculations began on August 9, 2019, the graph below illustrates how AiPEX would have provided long-term positive returns with low volatility.




AiPEX


5.34%
compound
annual return
SPXT5UE


2.79%
compound
annual return
SPX


5.47%
compound
annual return


Key Statistics and Characteristics

Annualized index returns
as of 3/31/2020
AiPEX
(ER)
SPXT5UE
(ER)
SPX
(PR)
1 Y -1.88% -0.23% -9.86%
3 Y 3.93% 3.64% 3.03%
5 Y 4.08% 3.15% 4.56%
10 Y 5.81% 3.71% 8.25%
Return since inception 5.34% 2.79% 5.47%
Volatility since inception 5.83% 5.04% 19.03%
Bloomberg Ticker AiPEX Index
Asset Class Equity
Currency USD
Launch Date August 9, 2019
Index Sponsor EquBot, Inc.
Calculation Agent Solactive AG
Index Fee1 0.50% per year

1AiPEX Index values shown here, and as calculated and published by Solactive AG, are a net of the 0.50% p.a. Index Fee.
The graph and table above sets forth the hypothetical back-tested performance of the Index from April 30, 2004 through August 9, 2019 and actual index performance thereafter through March 31, 2020. See the risk factors and "Use of Simulated Returns" herein.

AiPEX Index Strategy


AiPEX uses a 3-step equity selection process to create the monthly index portfolio.



Step 1: Scoring

Scores for the 1,000 largest U.S. companies are calculated based on:

Financial Health Score:
evaluates a company's fundamentals and key figures.
Management Score:
assesses a company's management strength and thought leadership.
News & Information Score:

measures a company's market sentiment, economic, and geopolitical risks.



Step 2: Select

Approximately 250 companies with the highest combined Financial Health, Management, and News and Information Scores are selected for the portfolio.



Step 3: Diversify

Companies are assigned portfolio weights, with the largest weights going to the companies with the highest combined scores (subject to diversification and market liquidity limits).



AiPEX daily risk control helps provide smoother returns.



AiPEX reacts daily to changing market conditions, as rapid movement in the market, or volatility, can create greater potential risk.


AiPEX reduces
the impact of short-term volatility in the equity markets through daily re-allocations between the equities selected by the AI algorithms and a cash component.


AiPEX seeks
a 6% daily volatility target. If the volatility falls below the target, the allocation to selected equities is increased up to a maximum of 150%. If the volatility is greater than the target, allocations to the selected equities may be reduced. Allocations below 100% to selected companies will be reallocated to a cash component.

For more information on the index methodology, please see the AiPEX Index Guideline and the AI Powered US Equity Base Index Guideline published by Solactive AG. Information contained in these Index Guidelines or otherwise available from Solactive is not incorporated by reference in, and should not be considered a part of, this website.




AiPEX Resources

These materials provide an in depth overview of the performance and strategy that drives AiPEX.



To view the current holdings in AiPEX please visit the Solactive AG website.