These are the “magnificent seven “ tech stocks (not Berkshire Hathaways) that contribute to majority of the gain in the S&P 500 index is year. Additionally, this implies the other 493 stocks are doing merely so so in this narrow breath environment; overall this is not health. This year is challenging for fund managers who either have a decent slice of these tech stocks or simply being under-perform.

Oooh, it's like sitting at the big boys table.
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From Twitter, there was a volume spike in SPX options, but rollover passed OK.
https://pbs.twimg.com/media/F7ONvufbUAAtomZ?format=jpg&name=900x900

Stable-Value (SV) Rates, 10/1/23
TIAA Traditional Annuity (Accumulation) Rates
No changes.
Restricted RC 6.75%, RA 6.50%
Flexible RCP 6.00%, SRA 5.75%, Newer IRAs 5.20%
TSP G Fund hasn't updated yet (previous monthly rate was 4.25%).
Options outside of workplace retirement plans include m-mkt funds, bank m-mkt accounts (FDIC insured), T-Bills, short-term brokered CDs.
#401k #403b #StableValue #TIAA #TSP
https://ybbpersonalfinance.proboards.com/post/1197/thread

It takes several steps as @Old_Joe, @yogibb. and @Anna described above. I can post pictures on MFO. Thank you.

3 points:
1. I thought that @JD_co meant table that doesn't have its own image link.
2. If charts/graphs were meant, BOTH have their own image links that can be just pasted into the MFO Image tool (3rd from right in the above menu). See below.
3. @Sven, you are using "Viewer Link" at imgBB (I like that name! ibb too!!). USE "Direct Link" with .png ending to paste into MFO Image tool, and then it will work.
Using #2,
https://wolfstreet.com/wp-content/uploads/2023/09/US-stocks-SP500-equal-weight-2023-09-27.png

After all, JHEQX has quarterly index-option rolls (options are NOT on individual stock holdings). Fund is huge at $16+ billion (AUM peak was in 2021; [...] See this brochure for explanation of index-options overlay to achieve 60-40 effect from all stock portfolio. IMO, why not just go for a real/genuine 60-40 fund?
https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/literature/brochure/BRO-HE.pdf

Good question, yogi.
Quickly checking out a few well established moderate allocation (60/40) funds like VWELX, JABAX and FBALX, for example, shows that JHEQX has a better risk/reward profile.
JHEQX has not only a better performance record over the past 1, 3 and 5 years than VWELX and JABAX, but also a significantly lower standard deviation, 8.7 vs. 12.3, respectively.
While FBALX has a slightly better performance, its standard deviation is significantly higher at 13.8.
As a retired investor, I prefer to invest in funds with lower standard deviations if the total returns of similar funds are more or less the same, never mind if they are less.
Good luck,
Fred

They say a picture is worth a thousand words. Here's the bar chart of the predecessor (privately offered) fund's performance. I don't care what this fund is investing in, I'll pass.

Here is a StockChart of AAII Bull Bear Spread along with SP500 since 01/2022. One can see 10/2022, 03/2023 & other dips.
Link https://i.ibb.co/PYgJNJg/Screenshot-2023-09-28-17-27-57.png

Those months had quite negative Bull Bear Spreads.
March 2023 range was -27.9% to -16.9%
October 2022 range was -35.6% to -19.1%

Fund Allocations (Cumulative), 8/31/23
There were noticeable shifts away from stocks into m-mkt funds. The changes for OEFs + ETFs were based on a total AUM of about $32.35 trillion in the previous month, so +/- 1% change was about +/- $323.5 billion. Also note that these changes were from both fund inflows/outflows & price changes. #Funds #OEFs #ETFs #ICI
OEFs & ETFs: Stocks 58.67%, Hybrids 4.87%, Bonds 18.89%, M-Mkt 17.57%
https://ybbpersonalfinance.proboards.com/post/1194/thread

6m CDs at 5% ($100K+) may not be attractive (when 6m T-Bills are at 5.53%), but Jamie Dimon is offering 6% for $5 million+. Enough to make noises at X/Twitter.
https://www.marketwatch.com/story/jpmorgan-chase-to-offer-6-interest-rate-for-minimum-of-5-million-in-high-end-cd-product-wsj-f4ef25de
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202309

Dipping more heavily into Utilities (FUTY) at 52 week lows.
The rest of the market is hanging in there.

The fund is JHEQX.
Bloomberg published a longer, more detailed article today: “JP Morgan Options Wale Worries Resurface as Stocks Extend Drop”. (unable to link)
From Reuters: “How A Massive Options Trade by a JP Morgan Fund Can Move Markets”
https://www.yahoo.com/video/explainer-massive-options-trade-jp-100000001.html
Excerpt: ”A nearly $16 billion JP Morgan fund is expected to reset its options positions on Friday, potentially adding to equity volatility at the end of a gloomy quarter for stocks. Analysts have in the past pointed to the JPMorgan Hedged Equity Fund’s quarterly reset roiling markets, and see it as a source of potential volatility during Friday's session.
“The (fund) holds a basket of S&P 500 stocks along with options on the benchmark index and resets hedges once a quarter. The fund, which had about $15.59 billion in assets as of September 28, aims to let investors benefit from equity market gains while limiting their exposure to declines. … Assets ballooned in recent years, as investors sought protection from the sort of wild swings that rocked markets in the wake of the COVID-19 outbreak in March 2020.”

WisdomTree presentaion isn't very user-friendly. But from your link (repeated below), Fund Reports & Schedule/Tax Supplement Reports, you can Download "WisdomTree Fund Distribution 2022 - Tax Supplement". Then in the Secondary Layout tab, Col 11, you will find % from Treasury obligations. For USFR, that was 99.666489% in 2022. Unfortunately, this info isn't in 1099 and you have to hunt for it at fund websites.
https://www.wisdomtree.com/investments/resource-library/fact-sheets-reports#tab-EFFF2124-78F5-46F4-B816-6D4252E4BC97

Thanks Yogi.

dtconroe: "Yep, I am also weighing my options of at least devoting part of my portfolio for longer CDs--maybe 2 or 3 year CDs. 2 year CDs have been the longest I have previously invested in, but with 3 year CDs over 5% now, it at least deserves some consideration. With my taxable account, I prefer limiting my CD terms to shorter options of 6 months to a yearfor liquidity purposes, but with my traditional IRA CDs, I am looking closely at longer terms. A 3 year laddering approach looks interesting to me in my IRA account.
For most of my retirement years, I had a target objective of 4 to 6% TR, using low risk bond oefs. It is a little strange to be able to get that so easily with CDs these days."
There is a line of thinking that 10-year treasuries are starting to look good at 4.5%. Unlike CDs they will have a nice CG once 4.5% become history.

https://wolfstreet.com/2023/09/27/the-sp-500-equal-weight-index-dips-into-red-year-to-date-shows-entire-market-depends-on-8-giants-but-theyre-swooning-too/
Top 8 Companies by market cap in the S&P 500 Index
Company Ticker Weight Gain YTD
1 Apple AAPL 7.1% 36%
2 Microsoft MSFT 6.5% 30%
3 Amazon AMZN 3.2% 45%
4 Nvidia NVDA 2.9% 192%
5 Alphabet A GOOGL 2.1% 45%
6 Tesla TSLA 1.9% 119%
7 Meta Platforms META 1.9% 134%
8 Berkshire Hath BRK.B 1.8% 15%
9 Alphabet C GOOG 1.8% 45%

Total Weight 29.1%
I have to figure out how to post charts here.

Schedule 3, line 1 (foreign tax credit) gets totaled in Schedule 3, line 1, and carried over into 1040-SR line 20 (in the "taxes and credits" section).
https://www.irs.gov/pub/irs-pdf/f1040s3.pdf
https://www.irs.gov/pub/irs-pdf/f1040s.pdf
Mutual funds can always treat taxes the same as office expenses, manager salaries, etc., i.e. as expenses that reduce returns, much as hank described.
Alternatively, they may be permitted to treat foreign taxes as expenses you are responsible for. This is a part of a legal fiction where they add those foreign taxes to your actual (hard cash) divs on the 1099-DIV, but also say that instead of handing you that cash they are paying those taxes on your behalf. That lets you declare the foreign taxes as your expenses, rather than as the fund's.
Most funds paying foreign taxes don't do this. Many supposedly domestic funds have a little bit of foreign investment on which they may be paying foreign taxes - you never see this on your 1099s. Even many global funds don't do this, often because they don't legally qualify.
In order for a fund with foreign exposure to pass through a foreign tax credit, it must elect to do so (26 U.S. Code § 853), it must have over 50% of its value at end of tax year in foreign companies (§ 853(a)), and it must meet technical requirements of § 852(a).
Here's how the IRS describes this:
https://www.federalregister.gov/d/E7-16737/p-17

WisdomTree presentaion isn't very user-friendly. But from your link (repeated below), Fund Reports & Schedule/Tax Supplement Reports, you can Download "WisdomTree Fund Distribution 2022 - Tax Supplement". Then in the Secondary Layout tab, Col 11, you will find % from Treasury obligations. For USFR, that was 99.666489% in 2022. Unfortunately, this info isn't in 1099 and you have to hunt for it at fund websites.
https://www.wisdomtree.com/investments/resource-library/fact-sheets-reports#tab-EFFF2124-78F5-46F4-B816-6D4252E4BC97