info@eztracker401k.

com | 201-503-6445

March 29, 2020

401K PORTFOLIO APRIL 2020

UPDATE & NEWSLETTER
REFER A FRIEND!
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T AKE C ONTROL OF YOUR FUTURE

1
April 2020 Newsletter
During this unprecedented time of uncertainty and change, we are reminded of what is most important —
the health and well-being of all of you, your loved ones and your relationships. At EZTracker, our hearts and
minds go out to every individual affected by COVID-19 and we are grateful for all the efforts - across the
board - undertaken to stem the spread.

We’ve heard from many of you and are encouraged by the fairly optimistic perspective. Our message has
been to keep the long game in mind when investing your 401k, but we understand that everyone has
different needs and situations. We do not make decisions based on anyone’s risk tolerance or age. That’s
up to you to determine. EZTracker tries to arm you with the tools necessary to control your own portfolio in
a diverse and well-balanced way.

That being said, many have stayed the course, a portion have re-assessed their risk tolerance and shifted
down their market exposure, and some have gone to cash (or similar). While market timing is extremely
difficult, we lay out a menu of different options below for our subscribers so you can make the best
decisions: As part of the rebalancing of certain EZTracker Model Portfolios, we (A) upgrade the Int’l
position into US Large Cap Growth (as we see the US in time should come out of this stronger than the
international community overall), and we (B) make defensive shifts to our fixed income allocation in certain
Moderate and Conservative portfolios. Please see page 6 for REBALANCING and CHANGES to all of the
EZTracker model portfolios, as we focus on a diverse strategy for achieving your long-term goals.

https://app.tolerisk.com/plan/EZT

2
Market Recap

Volatility due to
FED Actions
interspersed with Expectations of the
negative headlines Government
Rescue Package
and the amount
Spike in COVID rising from $1T to
cases outside of Collapsing oil $2T+
China prices with COVID
fears

We understand that the wide effects of the pandemic - not only loss of jobs and reduction in work for
many of our subscriber partners, but a significant reduction in the value of many retirement portfolios -
create worry and anxiety about the future, and hope that this newsletter can be both informative and
educational. While we don’t have all the answers, we will attempt to address some questions that we have
come across.

The Pandemic
For more than two months now, the world has moved to the drumbeat of increasingly bad news about the
coronavirus pandemic. As of yesterday (Saturday) evening, it had affected over 123,000 people
domestically and 663,000 worldwide. In order to stem its spread, many US states have enacted social
distancing, eliminating person-to-person interactions to a material extent. In many respects this has
drastically reduced much US commerce including all but eliminating retail transactions (apparel,
accessories, luxury goods), travel, transportation, restaurants, and professional sports. It has also forced
families with children into panic-mode home-schooling, which may leave the largest scars for parents if
this global lock-down persists for a long time!

Because the rate of virus growth remains high and social distancing measures are expected to continue for
the foreseeable future, we believe that volatility will continue and that things may get worse before they
improve. But thanks to last week’s $2 trillion rescue package and Fed injection of unlimited liquidity (see
Q&A for info), the Dow rallied more than 20% off its lows (though it still remains down 24% on the year).
The Fed and government seem to be attacking the financial affects of this pandemic by “throwing the
kitchen sink” at it, but the facts are clear - this is a health crisis that needs to be controlled or else it could
become a long-term financial crisis. By proving that the government is willing to do “whatever it takes”, we
see short-term market support which should give some confidence to equity investors, who continue to
look for any indications that the coronavirus spread is slowing in the U.S. and around the globe.
Q&A on the next page

Help Hotline: We help new subscribers get started, and current subscribers get back on track.
Text or call 201.503.6445 | contact@eztracker401k.com
3
Questions & Answers
What were some of the government steps including last week’s Rescue Package?
According to Barron’s, with the US Fed & Congress’ robust action to shore up financial markets and give
American businesses a lifeline, they have likely kept the US economy from sinking into a prolonged
recession. The Fed acted with unprecedented speed once it realized the scope of the problem: beyond
cutting short-term interest rates to near zero and launching an unlimited bond-buying program, it gave a
backstop to money-market funds, pumped cash into short-term funding markets and made dollars available
to foreign central banks. Last week’s $2+ Trillion Rescue Package included payments to individuals and
families; $500 billion for corporate aid; and an extension of unemployment benefits that could cost $260
billion.

What did the rescue package mean to Companies?

One of the largest sticking point in the rescue package negotiations was whether the emphasis should be
on saving companies or jobs (ie focusing on ownership or labor). A compromise was reached that allowed
for the $500 billion in corporate aid as mentioned above. Airlines got a lift from the $58 billion earmarked
to help them through the unprecedented shutdown in travel.

What did the rescue package mean to investors?

Investors welcomed the rescue, with the DJII rising 12.8% this week, its biggest one-week gain since 1938.
While the fiscal rescue package, in combination with the Fed’s monetary stimulus, was enough to rally the
market, it remains to be seen whether it is enough to plug the hole in the economy should the disruption
lasts longer than the market estimates. Although this is a positive step, the virus remains growing
domestically and internationally, so we can expect market volatility to continue.

I have been in the conservative/moderate portfolio (or I sold out before the drop), should I get back in now?
EZTracker model portfolios are NOT trading portfolios, and EZTracker is not a hedge fund. We are long-
term investors looking for superior long-term returns. Not one week, one month or even one year. Re-
assess your risk level and choose a plan that suits your comfort level (https://app.tolerisk.com/plan/EZT).
Please see the flowchart on the first page for more detail.

Coronavirus is still a big problem. Should I sell now, even after the market has dropped 20%?
EZTracker’s model portfolios take the long term view based on the risk tolerance level that is appropriate for
your current situation. Your risk tolerance level should always be the determining factor as to what model
portfolios are appropriate. If you see markets drop and you cannot sleep at night, maybe your risk tolerance
level is not appropriate for your personal and family situation. As always, it is impossible to accurately
predict the markets highs and lows so EZTracker’s model portfolios do not try to do so.

Our years of experience in all types of markets (both positive and negative) have taught us that successful
investing remains a marathon, not a sprint. Therefore, it remains critical to stay invested, remain patient, and
stick to a plan. We ask that all our subscribers establish a personal risk target (Aggressive, Moderate, or
Conservative) based on your financial position, risk tolerance, and investment time horizon. Rest assured
that our entire EZTracker team will remain dedicated to helping you successfully navigate this market
environment.

Warren Buffett: “The stock market is a device for transferring money from the impatient to the patient”

Our friends at Friedenthal Financial (who provided the free quiz to determine risk tolerance)
hosted a webinar to field questions they have been receiving. Take a look here:
FF Webinar Replay
4
What We’re Watching
Economic Data: Last week it was reported that 3.3 million people fi led for unemployment insurance in the
week ending March 21, dwarfi ng all previous highs. Even with this unprecedented surge, the S&P extended
its rally, as investors speculated the $2 trillion rescue package would lessen the pandemic’s toll on the
economy. Many economists say that the unemployment numbers will get materially worse in the coming
weeks, as businesses across the country continue to shut down.
Federal Reserve Chairman Jerome Powell stated this week: “This is a unique situation. People need to
understand, this is not a typical downturn… At a certain point, we will get the spread of the virus under
control. At that time, confidence will return, businesses will open up again, people will come back to work…
So you may well see a significant rise in unemployment, a significant decline in economic activity. But there
can also be a good rebound on the other side of that.”
Index and Sector Analysis: As expected during such a month, all 11 Sectors were down and are now down
for the year. Utilities is the best-performing sector (-12.9% YTD), followed by Technology. The Tech sector is
made up of fi rms that actually benefi t from social distancing such as Netfl ix, Amazon, Facebook, Google,
Microsoft, and Apple. While many have cut their short term forecast recently, when the economy does
eventually improve, Big Tech could benefi t from changes in consumer habits. It is for these reasons we
continue to overweight Technology and Communication Services in our EZTrackerETF newsletter. Similarly,
high demand for essential goods may lead Consumer Staples to continue to outperform the broader market
in the near term. The worst performing sectors are Energy (-51.7% YTD) and Financial Services (-31.1%).
Energy was hit by the oil price war between Saudi Arabia and Russia that fractured OPEC+, and Financial
Services was hit hard by the sudden swift reduction in rates.
2020 YTD Index Performance: Returns (%) 2020 YTD Sector Performance: Returns (%)
0%
-51.7% -31.1% -27.4%-27.1% -21.4%-20.1% -18.7% -16.1%-14.5% -13.8%-12.9%

LARGE CAP -26.0% -21.1% -13.4%

-15%

MID CAP
-35.4% -27.0% -18.2% -30%

-45%
SMALL CAP 39.5% —34.0% -22,7%

-60%
Energy

Financial Svcs

Materials

Industrials

Cons. Disc.

Comm Svcs.

Real Estate

Health Care

Cons. Staples

Technology

Utilities

VALUE BLEND GROWTH

Morningstar Sector SPDRs

Fixed Income: Demand for safer assets continue to keep yields low, with the 10-year treasury yield closing
at 0.72%, which is a decline of 1.20% from the start of the year. With the Fed announcing unlimited bond
purchases to prevent the U.S. economy from spiraling into a depression, it is effectively doing “whatever it
takes” to shore up credit markets and liquidity. Volatility has remained high, however, with 10-year yields
moving by over 10 bps (or 0.10%) per day in 11 out of 21 days.

Help Hotline: We help new subscribers get started, and current subscribers get back on track.
Text or call 201.503.6445 | contact@eztracker401k.com
5
Model Portfolios | April 2020 Newsletter
EZTracker provides four model portfolios for JetBlue Airlines employees; Aggressive, Moderate, Conservative
& Brokerage. Each is designed for different investment needs and styles, as well as level of risk.

STEP 1: Update Current Investments

Current Subscribers: New Subscribers:

Aggressive, Moderate & Conservative Portfolios: Rebalance your 401k using the chart below for the portfolio
Rebalance using the grid below for the portfolio you you want to follow. For detailed directions on making
are following portfolio changes see page 9. If you need assistance, text
or call our free help hotline at 201.503.6445.
New Followers Brokerage Portfolio: Set up your
PCRA account. For a copy of the Schwab brochure or
help, call 888-393 7272.
Brokerage Portfolio/PRCA:
Sell Utilities Select Sector SPDR (XLU) and Vanguard
FTSE Developed Markets (VEA). With 35% proceeds of
sale, buy Consumer Staples Select Sector SPDR (XLP)
and the remaining 65% buy iShares Russell 1000
Growth (IWF)

EZTracker Model Portfolios Symbol Aggressive Moderate Conservative Brokerage/PCRA Buy Date **
Vanguard Institutional Index Instl Plus VIIIX 40% 32% 18% 3/30/20
T. Rowe Price Small/Mid Cap Growth 15% 10% 6% 3/30/20
T. Rowe Price Blue Chip Growth Trust T4 TRBCX 40% 28% 16% 3/30/20
Vanguard Total Bond Market Index Inst VBTIX 5% 15% 30% 3/30/20
Vanguard Federal Money Market Inv VMFXX 15% 30% 3/30/20
SPDR S&P 500 ETF Trust SPY 40% 2/24/20
Technology Select Sector SPDR XLK 11% 11/25/19
Vanguard Mid-Cap ETF VO 5% 11/25/19
iShares Core U.S. Aggregate Bond ETF AGG 6% 11/25/19
Communications Services Select Sector SPDR XLC 10% 11/25/19
Consumer Staples Select Sector SPDR Fund XLP 10% 3/30/20
iShares Russell 1000 Growth ETF IWF 18% 3/30/20
100% 100% 100% 100%

**Based on our Newsletter most recent “Buy” dates. Your dates may be different
Your individual percentages may vary somewhat from those indicated above due to rounding, timing of purchases, and performance every month
(In many cases even though there may be no changes for a particular month you may notice a small change, due to performance/rounding).

The EZTracker Brokerage Portfolio is a very aggressive approach for investors who want to invest in a wider
range of market sectors and choices. Managing this portfolio will require more time and greater comfort with
risk than the other EZTracker portfolios. We suggest this portfolio for more experienced, knowledgeable
investors. See the Brokerage Portfolio ETF Data in the appendix section for a list of ETFs in this portfolio.

STEP 2: Update Future Investment Elections

For the Aggressive, Moderate and Conservative Portfolios:

Future contribution percentages should be set identical to your current portfolio (grid above).
For the Brokerage/PCRA Portfolio: Set your future contributions to go to the Schwab Sweep Account. When new funds
are purchased in the portfolio, add your accumulated cash to the new funds.

Questions or problems, call Empower at 1-844-728-3258

6
Model Portfolios | April 2020 Newsletter
All the model portfolios consist of core holdings representing major market segments, plus top performers based on current
market conditions. Some market conditions may cause us to deviate from the following indicative percentages.

Aggressive Portfolio:
95-100% invested in equities. This is a high risk/high reward portfolio.

Moderate Portfolio:
70% invested in equities and 30% invested in bonds or the money market fund.

Conservative Portfolio:
40% invested in equities and 60% invested in bonds or the money market fund.

Brokerage Portfolio:
Aggressive: 95-100% invested in equities through the Brokerage Link and an
expanded list of Schwab ETF’s. This is a high risk/high reward portfolio.

Which
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you can decide. Planning your retirement is more important than ever. Your portfolio choice will vary based on age, retirement horizon, savings & expenses,
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thinking about your ability and comfort with risk, check out the short risk quiz provided by our friends at Friedenthal Financial:
retirement you envision. We’ve arranged for advisors at Friedenthal Financial to do a COMPLIMENTARY RISK ASSESSMENT for you. Or, you can take this Risk Tolerance
Quiz.
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Performance
The EZTracker methodology used for JetBlue Airlines is the same methodology (investing in the best performing funds) we’ve used since
we began publishing in 2002. It has consistently delivered superior long-term results. While past performance is no guarantee of future
results, our past performance validates this long-term investing philosophy. 3-Yr Total Returns vs Morningstar Benchmarks
12.00%
11.9% JetBlue Morningstar
Current Performance MTD YTD
3-Year 11.0%
Through March 29, 2020 March * 2020 10.8%
10.2%
EZTracker Aggressive -22.46% -20.04% 11.92% 9.00%

EZTracker Moderate -17.15% -14.62% 10.82% 8.8%

EZTracker Conservative -10.54% -7.92% 8.81% 7.7%

EZTracker Brokerage -22.17% -19.65% 10.19% 6.00%

Morningstar Benchmarks

Aggressive Target Risk Index -24.30% -23.52% 2.33%

3.00%
Moderate Target Risk Index -15.28% -14.04% 7.72%
2.3% 2.3%
Conservative Target Risk Index -5.53% -3.75% 11.03%
S&P 500 -23.85% -21.34% 8.54% 0.00%
Aggressive Moderate Conservative Brokerage
* Performance since last newsletter

Morningstar Target Risk Index Historical Performance

The Morningstar Target Risk Index series serve as benchmarks
Any investment strategy should be measured one way: Results over time.
to help with investment selections. They cover a global set of
Not one-week, one-month, not even one-year. While past performance is
stocks, bonds and commodities. While not investable indices,
not a guarantee of future performance, our record has been excellent in
they represent challenging benchmarks for long-term
delivering long-term returns. As with any long-term investing strategy, you
investing plans such as the EZTracker model portfolios.
should not expect dramatic short-term results to offset past losses.

Annual % Total Returns

EZTracker Model Portfolios 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
EZTracker Aggressive 12.67 8.44 -14.09 31.03 19.41 -7.52 7.98 30.16 6.72 -0.44 10.98 19.21 -1.69 22.71
EZTracker Moderate 10.77 6.72 -9.35 22.67 12.80 -1.34 6.51 20.02 5.44 -0.32 7.01 14.92 -1.40 17.12
EZTracker Conservative 6.61 6.09 -5.99 15.04 9.80 -0.12 5.29 10.94 4.88 0.67 5.01 9.48 -1.13 10.84
EZTracker Expanded -6.37 38.88 11.41 -5.40 12.54 33.13 9.40 1.56 5.50 24.07 -7.73 25.70
Morningstar Benchmarks 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Aggressive Target Risk Index 32.00 16.75 -3.60 16.07 24.53 5.23 -2.67 11.34 21.95 -8.17 25.79
Moderate Target Risk Index 21.77 12.33 0.59 12.04 14.31 4.89 -1.79 8.57 14.66 -4.76 18.88
Conservative Target Risk Index 9.56 7.07 4.38 7.36 2.97 3.38 -0.92 4.67 7.00 -1.20 11.00

All data for the model portfolios and the market indices are based on total returns which include reinvestment of dividends.
See the EZTracker website (www.eztracker401k.com) for historical data for all model portfolios.
7
Monthly Fund Data
This chart represents the funds in the JetBlue 401k plan at Empower which are used for
the EZTracker Aggressive, Moderate and Conservative Portfolios.

Fund Total Tracker

Fund YTD
Symbol Returns Average
1 MO 3 MO 6 MO 12 MO
Vanguard Total Bond Market Index Inst VBTIX -0.23% 2.91% 3.22% 8.81% 3.08% 8.02%
Vanguard Federal Money Market Inv VMFXX 0.10% 0.34% 0.79% 1.93% 0.34% 1.72%
Prudential Core Bond Fund 7 TPCAX -3.71% -0.73% -0.48% 4.71% -0.57% -0.11%
Vanguard Target Retire Trust Plus Income VITRX -5.57% -6.44% -3.66% 0.73% -6.28% -8.15%
Vanguard Target Retire Trust Plus 2015 VITVX -6.57% -8.03% -4.69% -0.30% -7.87% -10.69%
Vanguard Target Retire Trust Plus 2020 VITWX -8.75% -11.51% -7.20% -2.85% -11.36% -16.54%
Vanguard Target Retire Trust Plus 2025 VRIVX -10.34% -13.92% -8.95% -4.62% -13.71% -20.63%
T. Rowe Price Blue Chip Growth Trust T4 TRBCX -11.90% -16.18% -6.97% -4.17% -15.46% -21.39%
Vanguard Target Retire Trust Plus 2030 VTTWX -11.51% -15.73% -10.26% -6.07% -15.57% -23.77%
Vanguard Target Retire Trust Plus 2035 VITFX -12.65% -17.57% -11.60% -7.58% -17.37% -26.94%
Vanguard Target Retire Trust Plus 2040 VIRSX -13.80% -19.38% -12.94% -9.09% -19.17% -30.12%
Vanguard Institutional Index Instl Plus VIIIX -14.52% -21.17% -13.35% -7.60% -20.96% -30.90%
Vanguard Target Retire Trust Plus 2060 VILVX -14.89% -21.04% -14.23% -10.55% -20.86% -33.12%
Vanguard Target Retire Trust Plus 2045 VITLX -14.91% -21.04% -14.23% -10.58% -20.86% -33.14%
Vanguard Target Retire Trust Plus 2055 VIVLX -14.91% -21.07% -14.23% -10.55% -20.86% -33.14%
Vanguard Target Retire Trust Plus 2050 VTRLX -14.92% -21.07% -14.24% -10.59% -20.86% -33.17%
Vanguard Target Retire Trust Plus 2065 VLXVX -14.93% -21.07% -14.28% -10.64% -20.87% -33.23%
T. Rowe Price Small/Mid Cap Growth JETBLUE -18.83% -25.02% -18.62% -13.62% -24.92% -41.50%
1
Wellington CIF II International Opportunities Series ACWX -16.90% -24.79% -17.98% -16.72% -24.63% -41.67%
1
Vanguard Developed Markets Index Inst. VTMNX -17.03% -25.09% -18.54% -16.64% -24.88% -42.17%

T. Rowe Price Equity Income Trust A PRFDX -19.80% -29.23% -24.00% -18.66% -29.15% -50.01%
Vanguard Extended Market Index. Inst. VIEIX -22.93% -28.68% -21.95% -20.16% -28.62% -51.11%
T. Rowe Price Small/Mid Cap Value JETBLUE -24.17% -31.46% -26.68% -24.14% -31.64% -58.07%
2

8
Brokerage Portfolio PCRA ETF Data | Part I
The EZTracker Brokerage Portfolio is constructed using top performing ETF’s from a wide range of ETFs (Bonds, Index Funds,
Large, Mid and Small Caps, Sector Funds, International Funds and Emerging Markets.
AVG AVG
Symbol Name 1 Mo 3 Mo 6 Mo 12 Mo YTD EZT Avg Value Volume Expense
(MM) (K)
VIXY ProShares VIX Short-Term Futures ETF 128.74% 229.95% 105.62% 62.83% 232.34% 287.54% 154 6,624 0.85
EDV Vanguard Extended Duration Treasury ETF 13.47% 30.08% 24.23% 49.19% 32.48% 63.81% 58 379 0.07
RWM ProShares Short Russell2000 19.92% 33.03% 21.11% 20.44% 32.92% 51.55% 45 971 0.95
PALL Aberdeen Standard Physical Palladium -20.88% 19.99% 35.49% 59.66% 17.74% 51.41% 17 79 0.60
TLT iShares 20+ Year Treasury Bond ETF 10.58% 22.51% 18.67% 35.93% 24.17% 47.83% 2,508 16,402 0.15
VGLT Vanguard Long-Term Treasury ETF 10.25% 22.07% 18.33% 35.31% 23.40% 46.89% 53 567 0.05
SPTL SPDR Portfolio Long Term Treasury ETF 10.26% 22.00% 18.29% 35.16% 23.73% 46.75% 56 1,275 0.06
TLH iShares 10-20 Year Treasury Bond ETF 7.87% 16.61% 13.94% 25.10% 17.58% 34.65% 27 168 0.15
DOG ProShares Short Dow30 9.48% 21.03% 13.11% 7.97% 20.45% 28.15% 65 1,144 0.95
SGOL Aberdeen Standard Physical Gold Shares -0.95% 7.29% 8.29% 23.67% 6.77% 20.89% 24 1,571 0.17
BLV Vanguard Long-Term Bond ETF -0.39% 6.18% 6.21% 20.47% 7.07% 17.71% 102 985 0.07
SPIP SPDR Portfolio TIPS ETF 0.82% 3.82% 4.63% 9.47% 3.78% 10.22% 20 710 0.12
GBF iShares Government/Credit Bond ETF 0.55% 3.79% 4.13% 10.24% 4.07% 10.21% 5 41 0.20
TIP iShares TIPS Bond ETF 0.34% 3.20% 3.99% 8.64% 3.27% 8.82% 330 2,810 0.19
AGG iShares Core U.S. Aggregate Bond ETF 0.38% 3.04% 3.44% 8.82% 3.28% 8.55% 943 8,277 0.05
BND Vanguard Total Bond Market ETF 0.05% 2.90% 3.32% 8.88% 3.05% 8.27% 558 6,562 0.04
SPAB SPDR Portfolio Aggregate Bond ETF -0.01% 2.78% 3.18% 8.53% 2.95% 7.90% 71 2,399 0.04
VMBS Vanguard Mortgage-Backed Securities 1.29% 2.56% 3.34% 6.54% 2.56% 7.49% 92 1,726 0.05
MBB iShares MBS ETF 0.96% 2.25% 2.93% 6.21% 2.34% 6.74% 292 2,685 0.06
USFR WisdomTree Floating Rate Treasury Fund 0.06% 0.44% 0.91% 2.01% 0.44% 1.87% 25 990 0.15
VTEB Vanguard Tax-Exempt Bond Index ETF -2.73% -0.03% 0.71% 4.67% 0.06% 1.43% 97 1,882 0.08
SHM SPDR Nuveen Bloomberg Barclays Short -0.75% 0.03% 0.78% 2.48% 0.03% 1.39% 33 686 0.20
BSCL Invesco BulletShares 2021 Corporate -0.86% -0.25% 0.44% 2.68% -0.30% 1.09% 12 584 0.10
IBDL iShares iBonds Dec 2020 Term Corporate -0.71% -0.28% 0.21% 1.95% -0.40% 0.64% 8 337 0.10
BNDX Vanguard Total International Bond ETF -2.36% -0.32% -1.45% 4.56% -0.09% 0.23% 183 3,199 0.08
BSCK Invesco BulletShares 2020 Corporate -0.93% -0.63% -0.15% 1.38% -0.73% -0.18% 16 753 0.10
VCLT Vanguard Long-Term Corporate Bond ETF -7.63% -4.71% -2.57% 9.98% -4.22% -2.69% 68 689 0.05
SPSB SPDR Portfolio Short Term Corporate -2.89% -2.00% -1.22% 1.11% -2.09% -2.73% 74 2,444 0.07
ARKW ARK Next Generation Internet ETF -15.27% -10.01% 9.37% 4.29% -8.39% -6.34% 16 257 0.75
KWEB KraneShares CSI China Internet ETF -9.88% -10.35% 7.85% -2.54% -9.29% -8.14% 149 3,008 0.70
XLK Technology Select Sector SPDR Fund -9.91% -14.04% -0.54% 9.34% -13.82% -8.27% 1,760 20,355 0.13
FLRN SPDR Bloomberg Barclays Investment -5.20% -4.87% -4.21% -2.55% -4.93% -9.18% 48 1,629 0.15
QQQ Invesco QQQ Trust Series 1 -9.70% -13.07% -0.50% 5.05% -12.66% -9.94% 11,856 58,407 0.20
IBB iShares Nasdaq Biotechnology ETF -7.64% -13.81% 5.56% -3.52% -13.06% -10.59% 427 3,751 0.47
IYW iShares US Technology ETF -10.51% -14.51% -1.10% 6.65% -14.11% -10.62% 46 206 0.42
IXN iShares Global Tech ETF -10.00% -15.26% -1.58% 7.29% -14.98% -10.66% 29 145 0.46
IWY iShares Russell Top 200 Growth ETF -10.66% -15.08% -4.41% 2.35% -14.67% -15.17% 14 159 0.20
MCHI iShares MSCI China ETF -9.63% -13.09% 1.50% -6.83% -12.84% -15.29% 343 5,597 0.59
IXJ iShares Global Healthcare ETF -8.59% -15.19% -2.80% -1.65% -14.87% -15.39% 12 178 0.46
MGK Vanguard Mega Cap Growth ETF -11.51% -14.92% -4.94% 2.26% -14.48% -15.88% 65 467 0.07
GXC SPDR S&P China ETF -9.59% -13.02% 0.80% -7.61% -13.02% -16.05% 15 153 0.59
IHF iShares U.S. Healthcare Providers ETF -10.49% -19.62% 1.47% -1.19% -19.29% -16.27% 20 106 0.43
EWL iShares MSCI Switzerland ETF -8.90% -14.63% -7.74% 0.98% -14.39% -16.52% 44 1,141 0.50
ARKK ARK Innovation ETF -15.37% -14.43% 3.01% -3.78% -12.57% -16.68% 30 602 0.75
EBND SPDR Bloomberg Barclays Emerging -9.05% -11.01% -7.65% -4.11% -11.40% -17.36% 11 438 0.30
ASHR Xtrackers Harvest CSI 300 China A-Shares -11.49% -11.00% -3.68% -6.29% -13.23% -17.71% 256 9,067 0.65
VUG Vanguard Growth ETF -12.23% -15.79% -6.42% 0.57% -15.37% -18.48% 252 1,465 0.04
IWF iShares Russell 1000 Growth ETF -11.73% -16.21% -6.26% 0.06% -15.78% -18.62% 388 2,322 0.19
VONG Vanguard Russell 1000 Growth ETF -11.91% -16.35% -6.32% 0.03% -15.93% -18.84% 28 164 0.08
XLP Consumer Staples Select Sector SPDR -9.02% -14.90% -11.22% -0.84% -14.53% -19.62% 1,063 17,897 0.13
HYG iShares iBoxx High Yield Corporate Bond -9.71% -11.63% -9.36% -5.89% -11.65% -19.96% 3,129 37,626 0.49
BSJL Invesco BulletShares 2021 High Yield -9.68% -10.71% -9.46% -7.35% -10.80% -20.29% 13 539 0.42
XLU Utilities Select Sector SPDR Fund -12.53% -12.60% -12.36% -1.63% -12.93% -21.34% 1,407 22,480 0.13
USHY iShares Broad USD High Yield Corporate -10.67% -12.23% -10.08% -6.15% -12.23% -21.34% 109 2,820 0.15
MTUM iShares Edge MSCI USA Momentum -12.30% -15.09% -9.44% -2.76% -14.86% -21.60% 165 1,364 0.15
FSTA Fidelity MSCI Consumer Staples Index ETF -9.59% -15.61% -11.76% -2.74% -15.27% -21.65% 8 223 0.08
HEWJ iShares Currency Hedged MSCI Japan -7.45% -16.94% -9.64% -7.14% -15.95% -22.45% 14 453 0.49
XLG Invesco S&P 500 Top 50 ETF -11.75% -18.06% -8.66% -3.33% -17.68% -22.80% 13 60 0.20
VPU Vanguard Utilities ETF -12.82% -13.43% -13.61% -3.45% -13.82% -23.62% 43 325 0.10

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Brokerage Portfolio PCRA ETF Data | Part II
AVG AVG
Symbol Name 1 Mo 3 Mo 6 Mo 12 Mo YTD EZT Avg Value Volume Expense
(MM) (K)
SPHQ Invesco S&P 500 Quality ETF -11.48% -19.25% -10.67% -5.35% -19.01% -25.50% 28 837 0.15
OEF iShares S&P 100 ETF -12.52% -19.41% -10.45% -4.57% -19.08% -25.61% 142 1,131 0.20

ACWV iShares Edge MSCI Min Vol Global ETF -12.17% -16.31% -13.84% -7.26% -16.17% -27.04% 52 595 0.20

EFG iShares MSCI EAFE Growth ETF -11.62% -19.05% -12.09% -7.14% -18.79% -27.21% 28 366 0.40
FTCS First Trust Capital Strength ETF -12.91% -18.66% -12.50% -6.58% -18.39% -27.63% 32 596 0.64
MGC Vanguard Mega Cap ETF -13.62% -20.05% -11.69% -5.85% -19.70% -27.93% 22 225 0.07
USMV iShares Edge MSCI Min Vol USA ETF -14.31% -17.80% -14.89% -5.90% -17.72% -28.86% 409 6,685 0.15
GSLC Goldman Sachs ActiveBeta U.S. Large Cap -14.27% -20.07% -12.62% -6.63% -19.86% -29.23% 43 714 0.09
QUAL iShares Edge MSCI USA Quality Factor -13.86% -21.13% -12.60% -7.45% -20.89% -30.02% 179 1,934 0.15
VV Vanguard Large-Cap ETF -14.41% -20.83% -12.99% -7.33% -20.61% -30.31% 83 651 0.04
SPLG SPDR Portfolio S&P 500 ETF -14.31% -20.88% -13.03% -7.37% -20.70% -30.32% 144 4,252 0.03
IYZ iShares US Telecommunications ETF -11.04% -16.54% -13.64% -14.60% -16.48% -30.44% 10 367 0.42
SPY SPDR S&P 500 ETF Trust -14.30% -21.03% -13.26% -7.50% -20.78% -30.59% 41,792 146,302 0.09
TAN Invesco Solar ETF -31.57% -19.11% -14.26% 8.84% -18.93% -30.60% 19 559 0.70
IVV iShares Core S&P 500 ETF -14.36% -21.11% -13.32% -7.55% -20.86% -30.73% 2,405 8,302 0.04
XLC Communication Services Select Sector -15.27% -20.73% -12.78% -7.70% -20.05% -30.81% 278 5,639 0.13
VOO Vanguard S&P 500 ETF -14.44% -21.16% -13.36% -7.59% -20.93% -30.85% 1,803 6,931 0.03
SCHX Schwab US Large-Cap ETF -14.90% -21.33% -13.57% -8.00% -21.08% -31.53% 172 2,529 0.03
IWB iShares Russell 1000 ETF -15.16% -21.60% -13.89% -8.50% -21.38% -32.27% 250 1,534 0.15
IWP iShares Russell Mid-Cap Growth ETF -16.07% -21.16% -13.79% -8.98% -20.86% -32.73% 74 538 0.24
SPLV Invesco S&P 500 Low Volatility ETF -15.45% -18.77% -17.70% -8.27% -18.99% -32.83% 339 6,352 0.25
SPTM SPDR Portfolio S&P 1500 Composite Stock -15.18% -21.93% -14.18% -9.02% -21.75% -32.89% 44 1,219 0.03
AAXJ iShares MSCI All Country Asia ex Japan -14.63% -20.91% -10.38% -14.42% -20.69% -32.91% 117 1,738 0.68
VOT Vanguard Mid-Cap Growth ETF -16.12% -20.71% -14.09% -9.60% -20.63% -33.01% 36 252 0.07
FV First Trust Dorsey Wright Focus 5 ETF -14.75% -19.54% -13.48% -13.21% -19.31% -33.26% 14 504 0.89
SCHB Schwab US Broad Market ETF -15.75% -22.33% -14.65% -9.62% -22.06% -34.01% 147 2,205 0.03
IWV iShares Russell 3000 ETF -15.74% -22.33% -14.71% -9.71% -22.13% -34.09% 89 533 0.20
DGRO iShares Core Dividend Growth ETF -14.78% -23.00% -16.17% -9.10% -22.76% -34.39% 99 2,652 0.08
XLRE Real Estate Select Sector SPDR Fund -16.60% -18.14% -19.07% -10.19% -18.65% -34.91% 311 8,691 0.13
XLY Consumer Discretionary Select Sector -15.49% -21.84% -17.40% -11.60% -21.44% -36.18% 820 7,107 0.13
HEFA iShares Currency Hedged MSCI EAFE ETF -15.54% -22.73% -17.31% -12.41% -22.01% -37.08% 24 908 0.35
IYC iShares U.S. Consumer Services ETF -16.22% -23.02% -17.84% -12.07% -22.54% -37.71% 9 44 0.42
MGV Vanguard Mega Cap Value ETF -15.84% -25.12% -18.27% -13.58% -24.92% -39.72% 16 214 0.07
SPYV SPDR Portfolio S&P 500 Value ETF -17.21% -26.05% -18.23% -12.05% -25.96% -40.11% 88 2,902 0.04
EEMV iShares Edge MSCI Min Vol Emerging -14.45% -21.98% -18.06% -19.58% -21.91% -40.40% 50 959 0.25
ICF iShares Cohen & Steers REIT ETF -18.08% -19.93% -21.86% -14.29% -20.55% -40.45% 13 117 0.34
VBK Vanguard Small-Cap Growth ETF -19.97% -25.33% -17.74% -15.43% -25.22% -42.80% 54 318 0.07
EEM iShares MSCI Emerging Markets ETF -18.00% -26.00% -16.20% -18.68% -25.67% -43.03% 3,554 87,372 0.68
SCHE Schwab Emerging Markets Equity ETF -18.58% -26.39% -17.03% -17.96% -26.01% -43.61% 95 4,151 0.11
BBEU JPMorgan BetaBuilders Europe ETF -17.93% -26.20% -18.97% -17.27% -26.14% -43.84% 42 2,113 0.09
IEV iShares Europe ETF -17.69% -26.23% -19.16% -17.43% -26.17% -43.92% 21 506 0.59
VO Vanguard Mid-Cap ETF -19.72% -25.96% -20.54% -15.91% -26.02% -44.80% 184 1,228 0.04
XLB Materials Select Sector SPDR Fund -16.38% -27.12% -22.34% -16.84% -27.43% -45.10% 563 10,515 0.13
IYJ iShares U.S. Industrials ETF -19.67% -26.61% -21.54% -16.30% -26.29% -45.89% 8 57 0.42
MDYG SPDR S&P 400 Mid CapGrowth ETF -19.99% -26.41% -20.81% -18.06% -26.29% -46.51% 10 203 0.15
IWO iShares Russell 2000 Growth ETF -21.71% -27.51% -18.71% -18.97% -27.31% -47.40% 127 672 0.24
IYF iShares US Financials ETF -21.61% -28.34% -23.00% -14.40% -28.31% -47.65% 38 321 0.42
IWR iShares Russell Mid-Cap ETF -20.76% -27.40% -21.88% -17.69% -27.35% -47.85% 161 3,101 0.19
XMLV Invesco S&P MidCap Low Volatility ETF -20.50% -26.00% -23.89% -18.25% -26.33% -48.34% 28 619 0.25
XLI Industrial Select Sector SPDR Fund -20.25% -27.51% -23.04% -18.25% -27.13% -48.57% 1,358 18,688 0.13
IYG iShares U.S. Financial Services ETF -22.08% -30.96% -22.68% -13.45% -30.73% -48.64% 17 128 0.42
VAW Vanguard Materials ETF -17.92% -29.07% -24.09% -20.44% -29.36% -49.93% 16 146 0.10
VB Vanguard Small-Cap ETF -23.51% -30.71% -24.69% -22.95% -30.66% -55.56% 197 1,449 0.05
VOE Vanguard Mid-Cap Value ETF -23.13% -30.96% -26.62% -21.95% -31.08% -55.99% 59 629 0.07
IWS iShares Russell Mid-Cap Value ETF -24.03% -31.61% -27.20% -23.63% -31.73% -58.07% 85 1,105 0.24
EMLP First Trust North American Energy -26.61% -31.27% -30.90% -27.09% -31.30% -63.21% 23 1,083 0.95
MDYV SPDR S&P 400 Mid Cap Value ETF -26.29% -35.44% -30.33% -28.04% -35.57% -65.51% 10 251 0.15
VBR Vanguard Small-Cap Value ETF -26.55% -35.14% -30.37% -29.17% -35.25% -66.12% 88 831 0.07
IWN iShares Russell 2000 Value ETF -26.92% -36.37% -31.27% -30.27% -36.46% -68.10% 148 1,396 0.24

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Making Portfolio Changes
Exchanging one fund for another

The following are directions for making changes on the Empower website for followers of the
Aggressive, Moderate or Conservative Portfolios.

1. Log into the Empower website, blueretirement.com

2. Click on “My Accounts” at the top of the page.
3. Under “Investments” in the left column, click on “View/Manage my Investments”.
4. Click on “Change My Investments” in the blue box.
5. Select “Change how my current balance is invested”. Click “Continue”.
6. In the left column are your current funds.
7. In the left “Percentage” column, indicate what percentage of the fund you want to transfer out of.
8. In the right “Percentage” column, indicate what percentage of the fund you want to transfer in to.
9. Click “Review Transfers”.
10. Click “Submit”.
11. This adjusts your current holdings. The next step is to adjust your future contributions. Click on “My Accounts” at the
top of the page.
12. Under “Investments” in the left column, click on “View/Manage my Investments”.
13. Click on “Change My Investments” in the blue box.
14. Select “Change how my future contributions will be invested’. Click “Continue”.
15. Under “Do it myself”, click on “Choose individual funds” in the orange box.
16. Click on “+add/view all funds” in the orange box.
17. Select the funds where you want future contributions to go. These should match the funds on page 6 of the
newsletter for the portfolio you are following.
18. Click “Add” in the blue box.
19. On the next page enter the numbers from the chart on page 6 of the newsletter in the column headed “Allocation”.
20. Click “Submit”.

For current subscribers making multiple changes all

Rebalance Directions
Aggressive, Moderate & Conservative Portfolios:
REBALANCE your portfolio to match the chart on page 6
at once AND new subscribers. If only doing one-for-
one exchange please use the directions above
under “Exchanging one fund for another”

1. Log into the Empower website, blueretirement.com

2. Click on “My Accounts” at the top of the page.
3. Under “Investments” in the left column, click on “View/Manage my Investments”.
4. Click on “Change My Investments” in the blue box.
5. Select “Rebalance my current balance” Use the “How Often” pull-down menu, select “Once”. Make sure the “Direct my
future investments this way” box is checked.
6. Under “Do it myself”, click on “Choose individual funds” in the orange box.
7. Click on “+add/view all funds” in the orange box.
8. Select the funds you want to rebalance into. These should match the funds on page 6 of the newsletter for the
portfolio you are following.
9. Click “Add” in the blue box.
10. On the next page enter the numbers from the chart on page 4 of the newsletter in the column headed “Allocation”.
11. Click “Submit”.

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 info@eztracker401k.com 201-503-6445

Questions, Comments, Problems?

Let us know if you have any questions or suggestions. We’re just a click
away at contact@eztracker401k.com. Or text/call 201.503.6445 or
201.503.6571. The information and data contained herein are compiled
from sources and procedures believed reliable, but accuracy cannot be
guaranteed. EZTracker monitors fund performance and publishes a monthly
newsletter. The publisher and owners disclaim any and all liability for losses
that may be sustained as a result of using the data presented herein. Past
performance is no assurance of future results. All investments involve risk.
You should invest only after careful examination of fund prospectuses.

EZTracker is a publishing company founded to meet the growing demand for expert, reliable information about 401k
choices. EZTracker is not endorsed by or affiliated with JetBlue Airlines or any of its subsidiaries. The goal of EZTracker is
to remove the guesswork from 401k choices and to help employees manage their own 401k plan with confidence and in
an informed way. EZTracker is not a financial advisor nor is it a financial manager. It is a provider of information about the
various funds within the JetBlue Airlines 401k retirement plan. By reporting the performance of each fund in a
straightforward and easy to understand manner, we hope every employee from the financial neophyte to the sophisticated
investor will make informed choices to best fit their retirement goals and needs.

EZTracker is a monthly newsletter monitoring the 401k investment alternatives available to JetBlue Airlines employees.
Published by EZTracker, P.O. Box 445, Tenafly, NJ 07670. No reproduction of any EZTracker information is permitted
without the written permission of the publishers. Copyright EZTracker, 2018.

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