Schwab clients will be pleased to know that two new portfolios are coming within a week. The Pauling will follow the Tranche Momentum Model with the possibility a switch will occur when the Linear Regression Slope Model becomes available. The Millikan will be managed using the Dual Momentum Model. One of the goals for these two portfolios is to limit the number of ETFs and to keep the total cost under 10 basis points.
Eventually, all the ITA portfolios will follow one of four models. Over time we will see which performs best and that will result in some migration to the stronger model(s).