Our Conservative Investing Style Has Still Generated a +14% YTD Net Return!

Breaking down the “Rosie Fund” to provide a look at how we invest around our views

Highlights

• Breaking down the “Rosie Fund” to provide a look at how we invest around our views

• Dollar momentum is building, with deflationary consequences already taking hold

• Euphoric sentiment continues to drive the stock market higher

• Consumer frugality weighs on China's economy