Smart Sector® Balanced Portfolios

Smart Sector® Global Tactical Allocation:
U.S. Large-Cap Equity/U.S. Small-Cap Equity/International Equity/Fixed Income

  Period ending 2024-05-23 Period ending 2024-04-30
Name Month-to-Date
Return (%)
Month-to-Date
Return NET(%)
Year-to-Date
Return (%)
Year-to-Date
Return NET(%)
3-Month
Return (%)
3-Month
Return NET(%)
12-Month
Return (%)
12-Month
Return NET(%)
3-Year
Return (%)
3-Year
Return NET(%)
5-Year
Return (%)
5-Year
Return NET(%)
10-Year
Return (%)
10-Year
Return NET(%)
U.S. Large-Cap Equity/U.S. Small-Cap Equity/International Equity/Fixed Income 3.48 3.42 5.9 5.57 2.15 1.95 9.86 8.98 2.0 1.19 6.55 5.7 7.27 6.42
Performance periods greater than 1 year show annualized returns.

Smart Sector® Global Balanced:
U.S. Equity/International Equity/Fixed Income

  Period ending 2024-05-23 Period ending 2024-04-30
Name Month-to-Date
Return (%)
Month-to-Date
Return NET(%)
Year-to-Date
Return (%)
Year-to-Date
Return NET(%)
3-Month
Return (%)
3-Month
Return NET(%)
12-Month
Return (%)
12-Month
Return NET(%)
3-Year
Return (%)
3-Year
Return NET(%)
5-Year
Return (%)
5-Year
Return NET(%)
10-Year
Return (%)
10-Year
Return NET(%)
54% U.S. Equity/36% International Equity/10% Fixed Income 4.31 4.26 9.11 8.77 3.71 3.5 13.15 12.24 4.98 4.15 10.11 9.23 10.09 9.21
48% U.S. Equity/32% International Equity/20% Fixed Income 3.98 3.93 8.01 7.66 3.12 2.92 11.82 10.93 4.19 3.36 9.12 8.25 9.31 8.44
42% U.S. Equity/28% International Equity/30% Fixed Income 3.65 3.6 6.9 6.57 2.53 2.33 10.5 9.62 3.39 2.56 8.11 7.25 8.52 7.65
36% U.S. Equity/24% International Equity/40% Fixed Income 3.32 3.26 5.81 5.47 1.95 1.75 9.18 8.31 2.58 1.77 7.1 6.25 7.72 6.86
30% U.S. Equity/20% International Equity/50% Fixed Income 2.99 2.93 4.72 4.39 1.36 1.16 7.87 7.01 1.77 0.96 6.08 5.23 6.91 6.06
24% U.S. Equity/16% International Equity/60% Fixed Income 2.66 2.6 3.64 3.31 0.78 0.58 6.56 5.72 0.96 0.16 5.04 4.21 6.09 5.24
18% U.S. Equity/12% International Equity/70% Fixed Income 2.32 2.27 2.56 2.24 0.19 0.0 5.27 4.43 0.14 -0.66 4.0 3.18 5.26 4.42
12% U.S. Equity/8% International Equity/80% Fixed Income 1.99 1.94 1.49 1.17 -0.39 -0.59 3.97 3.15 -0.68 -1.47 2.95 2.13 4.42 3.59
Performance periods greater than 1 year show annualized returns.

Smart Sector® Balanced:
U.S. Equity/Fixed Income

  Period ending 2024-05-23 Period ending 2024-04-30
Name Month-to-Date
Return (%)
Month-to-Date
Return NET(%)
Year-to-Date
Return (%)
Year-to-Date
Return NET(%)
3-Month
Return (%)
3-Month
Return NET(%)
12-Month
Return (%)
12-Month
Return NET(%)
3-Year
Return (%)
3-Year
Return NET(%)
5-Year
Return (%)
5-Year
Return NET(%)
10-Year
Return (%)
10-Year
Return NET(%)
80% U.S. Equity/20% Fixed Income 3.93 3.87 8.62 8.28 3.24 3.04 14.82 13.9 4.87 4.03 10.33 9.45 10.99 10.11
70% U.S. Equity/30% Fixed Income 3.6 3.55 7.44 7.1 2.65 2.44 13.09 12.19 3.98 3.16 9.17 8.3 9.98 9.11
60% U.S. Equity/40% Fixed Income 3.28 3.22 6.27 5.94 2.05 1.85 11.38 10.49 3.09 2.27 8.0 7.14 8.97 8.1
50% U.S. Equity/50% Fixed Income 2.95 2.9 5.11 4.77 1.45 1.25 9.68 8.81 2.2 1.39 6.83 5.98 7.95 7.09
40% U.S. Equity/60% Fixed Income 2.63 2.57 3.95 3.62 0.85 0.65 8.0 7.14 1.3 0.5 5.64 4.8 6.92 6.07
30% U.S. Equity/70% Fixed Income 2.3 2.25 2.79 2.47 0.25 0.05 6.33 5.48 0.4 -0.4 4.45 3.62 5.88 5.04
20% U.S. Equity/80% Fixed Income 1.98 1.92 1.64 1.32 -0.35 -0.55 4.67 3.84 -0.51 -1.3 3.25 2.43 4.84 4.0
Performance periods greater than 1 year show annualized returns.

NED DAVIS RESEARCH DISCLAIMERS

The data and analysis contained within are provided "as is" and without warranty of any kind, either express or implied. The information is based on data believed to be reliable, but it is not guaranteed.
NDR DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.
All performance measures do not reflect tax consequences, execution, commissions, and other trading costs, and as such investors should consult their tax advisors before making investment decisions,
as well as realize that the past performance and results of the model are not a guarantee of future results. The Sector Allocation Strategy is not intended to be the primary basis for investment decisions
and the usage of the model does not address the suitability of any particular investment for any particular investor.

Using any graph, chart, formula, model, or other device to assist in deciding which securities to trade
or when to trade them presents many difficulties and their effectiveness has significant limitations, including that prior patterns may not repeat themselves continuously or on any particular occasion.
In addition, market participants using such devices can impact the market in a way that changes the effectiveness of such devices. NDR believes no individual graph, chart, formula, model,
or other device should be used as the sole basis for any investment decision and suggests that all market participants consider differing viewpoints and use a weight of the evidence approach that fits their investment needs.

DISCLOSURES

Past performance does not guarantee future results. No current or prospective client should assume future performance of any specific investment or strategy will be profitable or equal to past performance levels.
All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions or withdrawals and economic conditions may materially alter the performance of your portfolio.
Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a client's portfolio.
Historical performance results for investment indexes and/or categories generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee,
the incurrence of which would have the effect of decreasing historical performance results. There can be no assurances that a portfolio will match or outperform any particular benchmark.

Day Hagan Asset Management is registered as an investment adviser with the United States Securities and Exchange Commission. SEC registration does not constitute an endorsement of the firm by the Commission
nor does it indicate that the adviser has attained a particular level of skill or ability.

References to "NDR" throughout refer to Ned Davis Research, Inc. Clients engaging in this strategy will be advised by Day Hagan and will not have a contractual relationship with NDR. Day Hagan purchases signals from NDR,
and Day Hagan is responsible for executing transactions on behalf of its clients and has discretion in how to implement the strategy.

NDR is registered as an investment adviser with the Securities and Exchange Commission (SEC).
NDR serves as the Signal Provider in connection with this strategy. The information provided here has not been approved or verified by the SEC or by any state or other authority. Additional information about NDR also is available on the SEC's website
at https://www.adviserinfo.sec.gov/. This material is provided for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or
other financial instrument or to participate in any trading strategy. NDR's strategies, including the model discussed in this publication, are intended to be used only by sophisticated investment professionals.

There may be a potential tax implication with a rebalancing strategy. Rebalancing involves selling some positions and buying others, and this activity results in realized gains and losses for the positions that are sold.
The performance calculations do not reflect the impact that paying taxes would have,
and for taxable accounts, any taxable gains would reduce the performance on an after-tax basis. This reduction could be material to the overall performance of an actual trading account. NDR does not provide legal, tax or accounting advice.
Please consult your tax advisor in connection with this material, before implementing such a strategy, and prior to any withdrawals that you make from your portfolio.

There is no guarantee that any investment strategy will achieve its objectives, generate dividends, or avoid losses.

© 2024 Ned Davis Research, Inc. | © 2024 Day Hagan Asset Management, LLC

© Copyright Ned Davis Research, Inc. All Rights Reserved | These materials are historical and intended to be used only as examples, and do not necessarily reflect current views or advice of NDR or its representatives.

Report Notes:


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