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April 1, 2026
The Rotation to Resilience

Market leadership is broadening beyond mega-cap AI winners toward “durability” characteristics such as predictable earnings, strong free cash flow and tangible asset backing — making hard-asset, low-obsolescence (HALO) stocks particularly attractive.

March 31, 2026
Diversification Rewarded Amid AI and Geopolitical Shocks

Dividend Strategy 1Q26: The Strategy held up in a volatile quarter, benefiting from a sizable underweight to IT during a sharp software selloff and an overweight to energy as geopolitical tensions drove oil prices higher.

March 31, 2026
Challenging Long-Held Assumptions Amid Disruption

Mid Cap 1Q26: Mid cap equities posted positive returns during the quarter, outperforming both large and small cap peers as market leadership broadened amid a highly volatile quarter.

March 31, 2026
Panning for Fresh Sources of Growth

International Growth EAFE 1Q26: We see a better setup for the Strategy as growth’s valuation premium narrows and we reposition into newer areas of growth outside technology.

March 31, 2026
Stabilizing Growth Setup Through Volatility

Large Cap Growth 1Q26: The Strategy outperformed in a risk-off quarter, supported by diversified contributions outside of mega cap technology.

March 31, 2026
The Long View: Climbing the Wall

Given our constructive economic and market outlook, we believe the market will ultimately climb today’s wall of worry higher as several of investors’ leading fears are assuaged.

March 31, 2026
Value Resilience Amid Volatility

Value 1Q26: Value stocks outperformed, even as volatility and sector rotations challenged broader equity markets.

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