In the April Action Alerts PLUS members' call, Jim Cramer discussed how his charitable trust works.  

"I don't get the proceeds. I give them all to charity. I have no desire to take a lot of that money that I have ear-marked for charity and try to continue to add to the $2.5 million dollars in charitable distributions I have made over the years, from action alerts.

"I didn't want to incinerate it and risk these stocks," he said.

So he talked about how they were overweighted in tech -- "17.3 was FAANG. I was already uncomfortable with tech having a 26% weighting in the S&P 500, that's way too high given it's lack of stability and that's the highest ever weighting."

Listen in now as he explains the moves he and his team made to get the portfolio back in balance.

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