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This Commentary does not provide individualized advice or recommendations for any specific subscriber or portfolio. Investing involves substantial risk. Neither the Editor, the publisher, nor any of their respective affiliates make any guarantee or other promise as to any results that may be obtained from using the information contained herein. While past performance may be mentioned, it should not be considered indicative of future performance. No subscriber should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing the prospectus and other public filings of the issuer in question. This Commentary is for informational purposes only and does not express the views of Thomson Reuters, any of its subsidiaries or affiliates. It is intended for institutions and professionals and not for retail customer use.

