Allocation Changes – UPAL Pooled Fund Models Only

The BOKF Asset Allocation Committee met recently and made a few changes to the tactical asset allocation guidance.  The Committee was of the view that the positive market environment should persist into the new year due to stronger growth.  Fixed income returns will likely remain muted as the Federal Reserve continues to raise rates and normalize their balance sheet.  The decision was made to increase equities and decrease fixed income.  In addition, they decided to overweight value relative to growth in the large cap space due to the anticipation that value generally benefits from higher growth, valuations are more attractive in the value space, as well as the more favorable outlook for the financials and energy sectors.

Allocation Changes

UPAL Fixed Income Model

The allocation to the UPAL Short Term Fixed Income Fund is being reduced by 5%.  This reduction is being reallocated to the UPAL Core Bond Fund.

UPAL Conservative and Model

The allocation to the UPAL Short Term Fixed Fund is being reduced by 2%.  This reduction is being reallocated to the UPAL Core Bond Fund.  The allocation to the UPAL S&P 500 Index Fund is being reduced by 1%.  This reduction is being allocated to the UPAL Large Cap Value Fund.

UPAL Balanced Model

The allocation to the UPAL Core Fund is being reduced by 1%.  This reduction is being reallocated to the UPAL Large Cap Value Fund.

UPAL Aggressive Model

The allocation to the UPAL Core Fund is being reduced by 2%.  This reduction is being reallocated 2% to the UPAL Large Cap Value Fund.

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