* The date shown reflects when the NAA Allocation Index was reviewed and used to determine its asset allocation.

Definitions:

The NAA Allocation Index dynamically adjusts its allocation between equity, debt, and 100% cash, and is calculated and published by S&P Dow Jones Indices. S&P 500 Index is an unmanaged market capitalization weighted index of 500 of the largest capitalized U.S. domiciled companies. The Leading Economic Index (LEI), is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months. The Chicago Board Options Exchange Volatility Index, or the ‘VIX’ is a measure of the expected volatility of the US stock market. Market momentum is the rate at which the price of a security or market is changing. 'SPTR' is the S&P 500 Total Return Index. The NAA U.S. Large-Cap Core Index (ticker: HFLTT) consists of 100 stocks selected by New Age Alpha’s h-factor methodology from the S&P 500 Index and is calculated and published by S&P Dow Jones Indices.  The NAA USD High Yield Corporate Bond Index consists of 100 bonds selected by New Age Alpha’s h-factor methodology from the S&P Global USD High Yield Corporate Bond Index and is calculated and published by S&P Dow Jones Indices. The iBoxx USD Liquid Investment Grade Index consists of liquid USD investment grade bonds, which provide a balanced representation of the USD liquid investment grade corporate bond universe. The S&P U.S. Treasury Bond Current 2-Year Index is a one-security index comprising the most recently issued 2-year U.S. Treasury note or bond.