Johnson Controls

By Carter LecrawDuring the latter part of the first quarter, the annual rebalancing process was completed. The first quarter is the usual time for this procedure. By doing it annually and in the same time frame, the advantages of equal weighting while maintaining some of the benefits of tax efficiencies and controlling trading costs are more likely to be realized. The equal weighting allows all stocks to contribute to performance, prevents over concentration, and incorporates the 'sell high buy low' discipline.During the annual review process Amedysis and NextEra Energy did not maintain scores high enough to qualify for American Hero status. (Our model uses proprietary methodology to determine and rank "American Hero Companies". Following this ranking, fundamental analysis is used to determine final investment decisions.) Both were removed from the American Hero Index and the remaining were rebalanced to equal weight.NextEra Energy was also removed from the American Hero Equity concent...

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