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Important Disclosure Information

Past performance is no guarantee of future results.

Technical analysis is based on the study of historical price movements and past trend patterns.  There are no assurances that movements or trends can or will be duplicated in the future.

Stocks represent partial ownership of a corporation. If the corporation does well, its value increases, and investors share in the appreciation. However, if it goes bankrupt, or performs poorly, investors can lose their entire initial investment (i.e., the stock price can go to zero).  Bonds represent a loan made by an investor to a corporation or government.  As such, the investor gets a guaranteed interest rate for a specific period of time and expects to get their original investment back at the end of that time period, along with the interest earned. Investment risk is repayment of the principal (amount invested). In the event of a bankruptcy or other corporate disruption, bonds are senior to stocks.  Investors should be aware of these differences prior to investing.

Diversification does not ensure a profit or protect against a loss.

In a rising interest rate environment, the value of fixed-income securities generally declines.

High-yield securities (including junk bonds) are subject to greater risk of loss of principal and interest, including default risk, than higher-rated securities.

Investments in international and emerging markets securities include exposure to risks such as currency fluctuations, foreign taxes and regulations, and the potential for illiquid markets and political instability.

RiverFront Investment Group, LLC, is an investment advisor registered with the Securities Exchange Commission under the Investment Advisors Act of 1940. The company manages a variety of portfolios utilizing stocks, bonds, and exchange-traded funds (ETFs). Opinions expressed are current as of the date shown and are subject to change. They are not intended as investment recommendations.

Index Definitions

Individual investors cannot directly purchase an index.

MSCI All Country World Index ex US (ACWI ex US) captures large and mid cap representation across 22 of 23 developed markets (excluding the US) and 23 emerging markets countries.

Standard & Poor’s 1500 Index is a stock market index of US stocks which combines the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices to cover approximately 90% of the US market capitalization.

Barclays US Aggregate Bond Index is a broad base index often used to represent investment grade bonds being traded in the US.

BofA Merrill Lynch High Yield Master II Index tracks the performance of the US dollar-denominated below investment grade corporate debt publicly issued in the US domestic market. It is commonly used as a benchmark index for high-yield corporate bonds.