Investment advisory services are provided by BBVA Global Wealth Advisors, Inc. ("GWA"), a
registered investment advisor with the U.S. Securities and Exchange Commission and a wholly
owned subsidiary of Banco Bilbao Vizcaya Argentaria SA ("BBVA SA"). GWA does not provide
legal, tax or accounting advice. We recommend that you consult with relevant experts when
making an investment decision. Registration does not imply a certain level of skill or training.
Neither GWA nor its investment professionals provide legal, tax, accounting or real estate
advice. Clients should consult their own legal, tax, accounting and other professional advisors to
determine the suitability for their specific situation before implementing any investment strategy
recommended by GWA. All investments involve risks, including loss of principal, and, unless
otherwise stated, are not guaranteed. For additional information about GWA and its affiliated
entities, see www.bbvaglobalwealthadvisors.com or the SEC website at
www.adviserinfo.sec.gov.
GWA has prepared this document as a courtesy to GWA customers. It does not constitute the
provision of investment, legal or tax advice. This document nor any opinion expressed herein
constitutes an offer to buy or sell securities, nor is it a recommendation to buy or sell any
security or financial instrument. This document has not been prepared with any specific
investment objective, financial situation or particular needs of any person or client.
Use of these materials is dependent on the judgment and analysis applied by appropriately
authorized investment personnel, who consider the individual circumstances of a client's
account. Please consult your GWA financial advisor for advice on investing in any security or
adopting any investment strategy discussed herein. The information and opinions expressed
herein are subject to change without notice. GWA does not undertake to provide updates to
recipients of this documentation following updates to the information provided as of the date of
issue. Past performance is not indicative of future results. Therefore, no current or prospective
client should assume that the future performance of any specific investment or investment
strategy (including investments and/or investment strategies recommended by the advisor) will
be profitable or equal to past performance levels.
Securities and other financial investment products are not deposits, are not FDIC insured, are
not bank guaranteed, may lose value, and are not insured by any federal government agency.
The information contained herein was obtained from sources considered reliable; however,
GWA does not guarantee accuracy, reliability or completeness. GWA will not be liable in any
way for any loss or damage incurred in connection with the provision of such information. Future
projections are based on historical trends; Actual results will be different.
All trademarks, logos and trade names are the property of their respective owners. All company
names. The products and services used in this document are for identification purposes only.
Use of these names, trademarks and brands does not imply endorsement.
Indices or Benchmarks: Indices are unmanaged, not available for direct investment, and are not
subject to management fees, transaction costs, or other expenses your account will incur. Index
performance results do not represent or are necessarily indicative of the results that may be
achieved in accounts investing in the applicable investment strategy; Actual account returns
may vary significantly.
Index Descriptions:
S&P 500 - The S&P 500® is widely considered the best indicator of large-cap U.S. stocks and
serves as the basis for a wide range of investment products. The index includes 500 leading
companies and captures approximately 80% of the available market capitalization coverage.
Nasdaq Composite - The NASDAQ Composite Index measures all domestic and international
NASDAQ common stocks listed on the NASDAQ stock market. The NASDAQ Composite
includes more than 2,500 companies.
Stoxx 600 - The STOXX Europe 600 Index is derived from the STOXX Europe Total Market
Index (TMI) and is a subset of the STOXX Global 1800 Index. With a fixed number of 600
components, the STOXX Europe 600 Index represents large, mid and small cap companies in
17 countries in the European region.
Nikkei 225 - Nikkei 225 has been the leading index of the top 225 Japanese companies listed
on the Tokyo Stock Exchange.
MSCI Emerging Markets - The MSCI Emerging Markets Index captures mid- and large-cap
representation across 24 Emerging Markets (EM) countries. With 1,440 members, the index
covers approximately 85% of each country's free float-adjusted market capitalization.
Bloomberg US Ag. - The Bloomberg USAgg Index is a broad-based flagship benchmark that
measures the investment grade, US dollar fixed rate denominated and taxable bond market.
The index includes Treasuries, corporate and government-related securities, MBS (agency fixed
rate transfers), ABS and CMBS (agency and non-agency). (Future ticker: I00001US)
Bloomberg US Investment Grade - The Bloomberg US Corporate Bond Index measures the
taxable, fixed-rate, investment- grade corporate bond market. Includes dollar-denominated
securities publicly issued by US and non-US industrial, financial and utility issuers. (Future
ticker: I02765US)
Bloomberg US High Yield - The Bloomberg US Corporate High Yield Bond Index measures
the market for fixed-rate, high-yield, dollar-denominated corporate bonds. Securities are
classified as high yield if the average rating from Moody's, Fitch and S&P is Ba1/BB+/BB+ or
lower. Excludes bonds from issuers with an emerging market country risk, as defined by
Bloomberg's EM country definition (Future Ticker: I00012US).
Bloomberg EM USD Agg - The Bloomberg Emerging Markets Hard Currency Aggregate Index
is an emerging market hard currency debt benchmark that includes dollar-denominated debt
from sovereign, quasi-sovereign and corporate emerging market issuers. (Future ticker:
I00014US)
WTI (West Texas Intermediate) - The West Texas Intermediate (WTI) is a light, sweet crude oil
that blends several US domestic oils. It is a key benchmark in the US oil market and commodity
trading and is the second most traded oil benchmark after Brent crude oil.
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Advisors, Inc. All rights reserved.
