The Dynamic Allocation Strategy did not trade this month.

Two-thirds of the six top-level indicators in the model favor equities over fixed income.

U.S. Large-Caps, non-U.S. Developed, U.S. Investment Grade, U.S. High Yield, and U.S. Value received the highest allocations. Click the link below to read more about the strategy’s positioning.

Full strategy commentary: NDRDAS202305021

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