Barron\'s - April 6 2020

April 6, 2020 BARRON’S 3

CONSERVATIVE AGGRESSIVE

TheS&P500Indexfiguresdonotreflectanyfees,expensesortaxes.Ordinarybrokeragecommissionsapply.ETFsareconsideredtransparentbecausetheirportfolioholdingsarediscloseddaily.Liquidityischaracterizedbyahighlevelof

tradingactivity.SelectSectorSPDRsaresubjecttoriskssimilartothoseofstocks,includingthoseregardingshort-sellingandmarginaccountmaintenance.AllETFsaresubjecttorisk,includingpossiblelossofprincipal.Fundsfocusing

onasinglesectorgenerallyexperiencegreatervolatility.Diversificationdoesnoteliminatetheriskofexperiencinginvestmentlosses.

ALPSPortfolioSolutionsDistributor,Inc.,aregisteredbroker-dealer,isdistributorfortheSelectSectorSPDRTrust.