Q3 2025 Market Update

The past quarter brought both resilience and strain across the economy. In this quarterly market update, Jeff Dicks, Evergreen’s Chief Investment Officer, examines how the Fed’s rate cuts, steady consumer spending, and accelerating AI-driven growth are supporting momentum even as the labor market softens. He highlights opportunities in fixed income after strong bond returns, valuations abroad versus the U.S., and the growing importance of alternatives. Throughout the presentation, Jeff emphasizes how diversification remains key to navigating elevated valuations and moderating growth.

DISCLOSURE: Securities highlighted or discussed in this communication are mentioned for illustrative purposes only and are not a recommendation for these securities. Evergreen actively manages client portfolios and securities discussed in this communication may or may not be held in such portfolios at any given time. This material has been prepared or is distributed solely for informational purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Any opinions, recommendations, and assumptions included in this presentation are based upon current market conditions, reflect our judgment as of the date of this presentation, and are subject to change. Past performance is no guarantee of future results. All investments involve risk including the loss of principal. All material presented is compiled from sources believed to be reliable, but accuracy cannot be guaranteed and Evergreen makes no representation as to its accuracy or completeness.