Weekly Feature | Nasdaq Dorsey Wright

Weekly Feature

Published: July 2, 2026

This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

As we do each quarter, today we review the performance of the models covered in this report.

There are no changes to any of the iShares models this week. As we do each quarter, today we review the performance of the models covered in this report. US equities staged a strong rebound from their Q1 slump as the S&P 500 (SPX) gained 15% for the quarter. The iShares Sector Rotation Model (ISHRSECT) outperformed its benchmarks gaining more than 18% for the quarter. ISHRSECT benefited from its exposure to the iShares Semiconductor ETF (SOXX) which was up nearly 95% for the quarter. The iShares Tactical Model (ISHRTACTICAL) gained 13.5% for the quarter, trailing the S&P 500 (SPX) by about 1.4%. ISHRTACTICAL also benefited from semiconductor exposure but was hampered by exposure to gold and broad commodities. While it trailed in Q2, ISHRTACTICAL remains ahead of both benchmarks by more than 5% on a year-to-date basis.

Both international developed and emerging markets advanced in Q2 though there was a stark performance difference between the two. The iShares MSCI EAFE ETF (EFA) gained a little under 7% while the iShares MSCI Emerging Markets ETF (EEM) gained more than 20%. The iShares International Model (ISHRINTL) finished between the two benchmarks, gaining more than 15% for the quarter. Year-to-date, ISHRINTL has gained more than 25%, outpacing EEM by 75 bps and EFA by more than 17%.

The iShares MSCI US Core Bond ETF (AGG) was down about 30 bps in Q2 as interest rates rose during the quarter. The iShares Fixed Income Model (ISHRFIXED) gained 2.28%, outpacing AGG by nearly 2%. ISHRFIXED was fully invested in international bonds through out the quarter, which were not harmed by the rise in US rates.

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DISCLOSURE

**Unless otherwise stated, the performance numbers herein are based on price returns and do not include dividends or all transaction costs. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss. BlackRock sponsors the Dorsey Wright iShares ETF Models. However, analysis, models and recommendations are created and provided solely by Dorsey, Wright & Associates (Dorsey Wright). Neither BlackRock, BlackRock Advisors and its affiliates, nor SEI Investments Distribution Co. or its affiliates (SEI) are affiliated with Dorsey Wright. Neither BlackRock nor SEI provides investment advice or recommendations regarding any security, fund or market. Analysis, models and recommendations should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security, including iShares. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. No individual risk management tools are used in maintaining this model. This model may not be suitable for all investors. As the investment professional making the final decision with respect to allocations, remember to adhere to NASD Rules 2090 and 2111 (formerly NYSE Rule 405, Know Your Customer). The percentage of the portfolio devoted to any iShares strategy, as well as final individual weightings are at the sole discretion of the financial advisor and not Dorsey, Wright & Associates, BlackRock or SEI Investments Distribution Co. or its affiliates (SEI) . If you are not familiar with the Point & Figure methodology, we suggest you read "Point & Figure Charting, 4th Edition" by Thomas J. Dorsey or visit the PnF University at www.dorseywright.com. If you are not familiar with the iShares products, or Exchange Traded Funds (ETFs), we suggest you visit www.ishares.com for more information.