BX/Nitrogen Models: Open Architecture. Non-Proprietary.
Risk-Disciplined.

The BX/Nitrogen model suite is a set of globally diversified, risk-aware portfolios designed to deliver strong risk-adjusted outcomes across market environments. This launch includes twelve models spanning four risk profiles — from Moderately Conservative to Aggressive — and three distinct structural approaches: Global, U.S. Only, and ETF Only.

Each model is built using an open-architecture, non-proprietary framework and incorporates a differentiated blend of individual stocks and ETFs where appropriate.
All models and research are for financial professional use only and not for public distribution. Models are available via a BX Index research license. Please contact us for more details and to learn how to licence the models.
Global
Model Name
Nitrogen Target
GPA
1Y Returns*
3Y Returns*
Holdings
BX Global Moderate Conservative Model
RISK
52
4.3
26.21%
19.14%
4-5 ETFs
30 Stocks
BX Global Moderate Model
RISK
61
4.2
25.69%
22.45%
4-5 ETFs
30 Stocks
BX Global Moderate Aggressive Model
RISK
66
4.1
28.54%
25.97%
4-5 ETFs
30 Stocks
BX Global Aggressive Model
RISK
70
4.1
27.45%
24.87%
4-5 ETFs
30 Stocks
*As of Feb 1, 2026
US Only
Model Name
Nitrogen Target
GPA
1Y Returns*
3Y Returns*
Holdings
BX US Only Moderate Conservative Model
RISK
52
4.3
21.71%
18.00%
4-5 ETFs
20 Stocks
BX US Only Moderate Model
RISK
66
4.3
18.11%
20.04%
4-5 ETFs
20 Stocks
BX US Only Moderate Aggressive Model
RISK
69
4.2
16.79%
20.44%
4-5 ETFs
20 Stocks
BX US Only Aggressive Model
RISK
71
4.2
16.44%
21.13%
4-5 ETFs
20 Stocks
*As of Feb 1, 2026
ETF Only - US
Model Name
Nitrogen Target
GPA
1Y Returns*
3Y Returns*
Holdings
BX ETF Only US Moderate Conservative Model
RISK
52
4.3
23.46%
18.75%
4-5 ETFs
BX ETF Only US Moderate Model
RISK
54
4.3
21.32%
18.13%
4-5 ETFs
BX ETF Only US Moderate Aggressive Model
RISK
65
4.3
20.33%
20.31%
4-5 ETFs
BX ETF Only US Aggressive Model
RISK
69
4.2
19.17%
21.19%
4-5 ETFs
*As of Feb 1, 2026
DISCLAIMER
Performance Disclosure

All indexes, models, and research provided are strictly for financial professional use only and not to be shared with the public. Indexes and models are licensable through BX Index by financial professionals.

Please see the model and index fact sheets for more information about any specific index, including launch date. Some of these indices contain data that reflect “hypothetical” or “back-tested” returns. All information prior to an index’s launch date is hypothetical (back-tested), not actual performance, and is based on the index methodology in effect on the index launch date applied to the universe at the time. Complete index methodology is available upon request. Back-tested performance reflects application of an index methodology and selection of index constituents with the benefit of hindsight and knowledge of factors that may have positively affected its performance and may be considered to reflect survivor bias. Actual returns may differ significantly from, and be lower than, back-tested returns. Past performance is not an indication of future results. Back-tested performance is for use with institutions/financial professionals only and is not for use with retail investors.

Index and model returns do not represent the actual trading of investable assets/securities. Index One maintains the index and calculates index levels and performance shown but does not manage actual assets. Returns shown do not reflect any sales charge or investment management fees that may have been paid.

General Disclaimer

BX Index and its third-party index providers do not provide investment or tax advice. BX Index and its third-party index providers make no representation or warranty, express or implied, as to the ability of any index to accurately represent its objective and they shall have no liability for any errors, omissions, or interruptions of any index or the data included therein. Past performance of an index is no guarantee of future results. All information provided is general in nature and not tailored to the needs of any person(s) or entities. BX Partners and its third-party index providers are not an investment nor tax advisor and make no representation regarding the advisability of investing in any specific index model for any client.