Market commentary provided by Fifth Third Private Bank. This information is current as of the date of this letter and the opinions expressed are subject to change at any time, based on market and other conditions. This information is intended for educational purposes only and does not constitute the rendering of investment advice or specific recommendations on investment activities and trading. The mention of a specific security within this letter is not intended as a solicitation to buy or sell the specific security. Index performance shown within this letter is not representative of any Fifth Third managed account. Indices are unmanaged and do not incur investment management fees. The S&P 500 Index is a composite of the 500 largest companies in the United States. The S&P 500 Index is unmanaged and does not represent the performance of any particular investment. The MSCI World Stock Index is a market capitalization-weighted benchmark index made up of equities from 23 countries, including the United States. The indices are unmanaged, do not represent the performance of any particular investment and you cannot invest directly into these Indices. Past performance is no guarantee of future results.