Past performance is not a guarantee or indicator of future results. This material is for informational use only and should not be considered investment advice. The information discussed herein is not a recommendation to buy or sell a particular security or to invest in any particular sector. The opinions expressed herein are those of Clark Capital Management Investment Team. The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions and may not necessarily come to pass. Forward-looking statements are not guaranteed. You should not assume that any of the securities transactions, sectors or holdings discussed in this report are or will be profitable, or that recommendations we make in the future will be profitable or equal the performance of the securities discussed. There is no assurance that any securities, sectors or industries discussed herein will be included in or excluded from an account’s portfolio. Clark Capital reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that their assessment of investments will be accurate. There is no guarantee that Clark Capital’s strategies or recommendations will equal or exceed expectations discussed. The discussions, outlook and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives. Clark Capital Management Group, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Clark Capital’s investment advisory services can be found in its Form ADV Part 2, which is available upon request.