I want to begin a discussion as to how the Kipling Max AA column works in the Portfolio worksheet.  Assume we have four as the maximum number of assets for a particular portfolio.  The number four is set in the Tranche worksheet.  This is four out of all the ETFs that make up the investment quiver.  If four securities qualify, the Portfolio worksheet will assign 25% to each security.  If 20% is set as the maximum for one of the assets, then 25% is assigned to three securities, 20% to one, and the remaining 5% goes up to SHV (SHY if using that ETF) or to cash.

I hope I am not "over engineering" the operation with this suggestion.  Assume for a moment U.S. Treasury SPTL is one of the assets in the "investment quiver" and the maximum percentage is set to 100%.  Instead of that 5% going up to SHV, SHY, or Cash, would it make sense for the excess percentage to be allocated to securities (SPTL for example) with an allowed percentage greater than the 25% division?  If I am not making myself clear, pose your own question(s).

Lowell