Reporting Period: March 2 – March 31, 2026 1. Monthly Overview March marked the first regime transition since the launch of the MTS framework. From a regime perspective, the month began under the Up regime , supported by relatively strong earnings momentum. However, in mid-March, a deterioration in Earnings Strength  caused the MTS score to fall below the threshold required to sustain the Up regime. This triggered the first regime shift from Up to Neutral , leading to the sys

Period: 2026-03-28 ~ 2026-04-02 (Friday close basis) Current Regime: Neutral Asset Allocation: SPYM: 30% TLT: 20% SGOV: 50% Action This Week: None ※This section records execution facts, not opinions. Performance Summary: MTS( $ ) SPY( $ ) Alpha( $ ) Weekly Return -1.36% -2.28% +0.92% YTD Return -9.57% -10.73% +1.16% Current Drawdown -9.57% -10.73% +1.16% ※Performance is reported for record-keeping purposes only and should be interpreted using the framework defined in Pe

Period: 2026-03-21 ~ 2026-03-27 (Friday close basis) Current Regime: Neutral Asset Allocation: SPYM: 30% TLT: 20% SGOV: 50% Action This Week: Regime Change: Up → Neutral Rebalanced portfolio following regime shift. First regime change since system launch. ※This section records execution facts, not opinions. Performance Summary: MTS( $ ) SPY( $ ) Alpha( $ ) MTS(￦) SPY(￦) Alpha(￦) Weekly Return -1.98% -2.23% +0.25% -1.77% -2.02% +0.25% YTD Return -8.32% -8.64% +0.32% -5.11%