This communication is for investment professionals in the United States only and should not be distributed to, or relied upon by retail clients.

This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any strategy.

The value of an investment can fall as well as rise and is not guaranteed. You may get back less than you put in. Past Performance is not a guide to future performance.

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