From the Desk of the PM – Sector Changes

June 25, 2019 | TIMELY MARKET UPDATES

Sources and Disclosures:

S&P 500® Index is a registered trademark of Standard & Poor’s, Inc., a division of S&P Global Inc. The views and opinions expressed throughout this presentation are those of our Portfolio Manager as of 6/25/18. The opinions and outlooks may change over time with changing market conditions or other relevant variables. The information presented in this report is based on data obtained from third party sources. Although it is believed to be accurate, no representation or warranty is made as to its accuracy or completeness.