Entering October, the fixed income allocation strategy rebalanced and favored mixed leadership. The model is overweight U.S. Floating Rate Notes, International Investment Grade, and U.S. Treasury Inflation-Protected Securities. U.S. High Yield and Emerging Market bonds were downgraded to marketweight. The model is underweight U.S. Investment Grade Corporate, U.S. Long-Term Treasurys, and U.S. Mortgage-Backed Securities.

Click the link below to read more about the strategy’s positioning.

Full strategy commentary: NDRFIAS202310041

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