HOW WE DECIDE ON TACTICAL PORTFOLIO ADJUSTMENTS

• – Starmont constantly evaluates many inputs, including:
• • – Institutional market research sources
  • – Investment managers with whom we have worked over time
  • – Government statistical sources, such as the Departments of Labor and Commerce
  • – Economic indicators, such as GDP and the CPI

• – Starmont determines the direction and degree of each adjustment based on factors such as:
• • – Current market levels and valuations
  • – Federal Reserve interest rate policies
  • – The economic health of the financial and banking system
  • – Market patterns in previous cycles
  • – To implement tactical adjustments, we consider the Starmont Objective and current portfolio composition of each Client

We believe in buy-and-manage – not buy-and-hold.