Commentary Disclosures

This commentary is provided for information purposes only and does not pertain to any security product or service and is not an offer or solicitation of an offer to buy or sell any product or service. Unless otherwise stated, all information and opinion contained in this publication were produced by Advisors Asset Management, Inc (“AAM”) and other sources believed by AAM to be accurate and reliable. Due to rapidly changing market conditions and the complexity of investment decisions, supplemental information and other sources may be required to make informed investment decisions based on your individual investment objectives and suitability specifications. All expressions of opinions are subject to change without notice.

All AAM employees, including research associates, receive compensation that is based in part upon the overall performance of the firm. AAM may make a market in or have other financial interests in any given security with which this analysis suggests may be benefited from its conclusions. Investors should seek financial advice regarding the appropriateness of investing in any security or investment strategy discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Past performance does not guarantee future performance.

All content on this Site is presented only as of the date published or indicated, and may be superseded by subsequent market events or for other reasons. In addition, you are responsible for setting the cache settings on your browser to ensure you are receiving the most recent data.

Chart/Graph Disclosure

The chart and/or graph does not reflect past or current recommendations made by Advisors Asset Management, Inc. (AAM), and should be considered an academic treatment of empirical data. It is designed for educational purposes only and should not be used to predict security prices or market levels. Any suggestion of cause and effect or of the predictability of economic or investment cycles is unintentional. This report should only be considered as a tool in any broker, dealer, or advisor’s investment decision matrix. Investors should consult their financial advisor when applying the assumptions of the chart or graph.


Twitter is an online microblogging tool, whereby users can post interactive content, (up to 140 characters in length) and web links. Individuals using Twitter can subscribe to AAMlive’s Twitter account and “follow” AAM’s posts. AAM utilizes this online communication tool to maintain an “electronic library” that may contain research reports, news, quotes, announcements, charts and other media that can be accessed through a public link.

Investors should consult their financial professional before making an investment decision. Content is for informational purposes only and is not an offer to purchase or sell any security. Any forward-looking statement is an opinion and should not be considered a forecast. Past performance does not guarantee future results. AAM may make a market or have financial interests in any security or sector discussed.

Twitter is a public forum. Do not post any personal or confidential information. AAM is not affiliated with Twitter and has no responsibility for its operations and/or services.

Third-Party Comments on AAM Blogs

Third-party posts do not reflect the views of AAM and have not been reviewed for completeness or accuracy. Any inappropriate or offensive comments should be reported to

If you have questions or concerns regarding AAM’s Terms of Use, you can submit them to