The strategies were correct in calling a switch out of Equities and into Treasuries for February 2022 in so far as Treasuries outperformed Equities, however, the "win" is muted by the fact that Treasuries still returned a negative return for the month. It would seem that for February the rising Treasury yields outweighed the "Safety Trade" into Treasuries.

The full reporting deck with Month and YTD returns through February 2022 as well as March 2022 results can be downloaded in the reporting deck here.