October 2025 Special Update - Beechhurst Capital Advisors LLC Asset Allocation Model Portfolio

Hi everyone! After running our model on Friday October 10th, we made an adjustment to our current allocations. It’s rare that we make a mid-month adjustment but we felt that trends are weakening and it’s prudent for us to shift slightly and include a more defensive allocation. Most asset classes sold off yesterday on a combination of President Trump’s comments on China, uncertainty over the affects of the Federal government shutdown and concerns over current valuations and concentration of assets in multiple markets.

Here is our analysis.

For the week ending 10/10/25, extended duration US treasuries (EDV) were the best performer with a gain of 3.36% with digital assets, via our proxy IBIT, were the worst performer with a loss of 7.14%.

The ranking score for international real estate (VNQI) fell below the minimum gradient score for inclusion in the portfolio and extended duration US treasuries (EDV) moved above the minimum gradient score, leading to its inclusion in the portfolio.

We will continue to monitor our model closely and update you of any changes we made to our model portfolio.

Here are our current allocations:

• US Equities (VTI) - 60%

• Gold (IAU) - 15%

• Extended Duration US Treasuries (EDV) - 15%

• International Equities (VXUS) - 10%