This report is provided for information purposes only. The information contained herein is pulled from various
financial data sources which we believe to be reliable but not guaranteed. It is not intended as investment advice
and does not address or account for individual investor circumstances. The statements contained herein are based
solely upon the opinions of Telemus Capital, LLC. All opinions and views constitute our judgments as of the date of
writing and are subject to change at any time without notice.
PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. Investment decisions should always be made
based on the client’s specific financial needs, goals and objectives, time horizon and risk tolerance. Current and
future portfolio holdings are subject to risk. Risks may include interest-rate risk, market risk, inflation risk, deflation
risk, currency risk, reinvestment risk, business risk, liquidity risk, financial risk and cybersecurity risk. These risks
are more fully described in Telemus Capital’s Firm Brochure (Part 2A of Form ADV), which is available upon
request. Telemus Capital does not guarantee the results of any investments. Investment, insurance and annuity
products are not FDIC insured, are not bank guaranteed, and may lose value.
The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of
currencies of the majority of the U.S.’s most significant trading partners. The S&P 500 index includes 500 leading
companies in the US and is widely regarded as the best single gauge of large-cap US equities. An index is not a
security in which an investment can be made, as they are unmanaged vehicles that serve as market indicators
only. It should not be assumed that portfolio holdings will correspond directly to any of the comparative
index benchmarks. Advisory services are only offered to clients or prospective clients where Telemus and its
representatives are properly licensed or exempt from licensure. No advice may be rendered by Telemus unless a
client service agreement is in place. All composite data and corresponding calculations are available upon request.