Three legs: a cheap index core for US market beta, world markets for diversification beyond the US, and the themes you believe in for conviction. Tony reflects back the conviction, the exposure, and the past performance of whatever you build. You do the choosing. This is education, not a recommendation.
How each theme is built: every theme on the dial is the equal-weight average of its three strongest ETFs, ranked by a blend of 50% 6-month and 50% 1-year return and filtered to be non-correlated (each added ETF has to move differently enough from the ones already chosen), so each tilt stays diversified instead of doubling up on the same names. The tickers shown next to each theme are the live result.
The world markets sleeve uses the broad index funds global allocators actually use: IXUS for everything outside the US, EFA for developed markets, EEMfor emerging. It is passive by design. Like your core it scores zero conviction, but it spreads your risk across dozens of markets that do not move in lockstep with the S&P 500. Want a sharper tilt? Open Why these markets? to swap the broad fund for a hand-picked blend of specific countries or regions. The same instruments are tracked daily on the World Markets board.
Data snapshot: August 22, 2026 at 9:37 AM ET. Illustrative and not investment advice.
Top 5 holdings of your ballast leg. S&P 500 weights — your cheap beta.
Where your international money sits, by country of risk of the fund's holdings.
Diversification check: over the last 6 months this sleeve moved with a correlation of 0.85to the S&P 500 (1.00 means moving in lockstep). The lower the number, the more this sleeve behaves like a genuinely different asset.
Hypothetical past performance of this exact mix, blended from each theme's real index. Past performance does not predict future results.
Each percentage is the stock's share of your whole portfolio. For every theme we take your weight in that theme and multiply it by how heavily the theme's ETFs hold the stock, then add up the same stock across themes. The world sleeve holds markets rather than single stocks, so it adds no single-stock exposure; its geography is shown in the world sleeve panel.
For informational and educational purposes only. Not investment advice and not personalised. The portfolio is one you build yourself; Tony only reflects back its conviction, exposure, and hypothetical past performance from disclosed ETF data.