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There is no assurance that a portfolio will achieve its financial investment objective. Portfolios are subject to market risk, which is the possibility that the marketplace worths of securities owned by the portfolio will decline and may therefore be less that what you spent for them. Market values can alter daily due to financial and other events (e.g.

It is difficult to predict the timing, duration, and prospective negative impacts (e.g. portfolio liquidity) of occasions. Appropriately, you can lose cash buying this portfolio. Please understand that this portfolio may go through certain extra risks. In general, equities securities' worths also fluctuate in response to activities particular to a business.

Investments in foreign markets entail unique risks such as currency, political, financial, market and liquidity dangers. Illiquid securities may be harder to sell and worth than publicly traded securities (liquidity threats). Non-diversified portfolios frequently invest in a more restricted variety of companies. Changes in the monetary condition or market worth of a single issuer may trigger greater volatility.

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Business focused on AI may have limited item lines, markets or funds, and their management and performance might be especially affected by occasions that adversely impact AI adoption, such as rapid changes in item innovation cycles, product obsolescence, government regulation, cybersecurity issues and competition. The indexes are unmanaged and do not consist of any expenditures, costs or sales charges.

The S&P 500 Index measures performance of the large cap section of the U.S.

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market, including 500 leading companies in the U.S. economy. There is no warranty that any financial investment technique will work under all market conditions, and each investor should examine their ability to invest for the long- term, specifically throughout durations of decline in the market.

Please think about the investment objectives, risks and fees of the Strategy carefully before investing. The views and viewpoints and/or analysis expressed are those of the author or the financial investment team as of the date of preparation of this material and are subject to alter at any time without notification due to market or financial conditions and might not always come to pass.

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The indexes are unmanaged and do not consist of any expenses, fees or sales charges. Any index referred to herein is the intellectual property (consisting of signed up trademarks) of the appropriate licensor.

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Analyzing Market Movements in 2026

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