Important Disclosures

Chevy Chase Trust Company provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Chevy Chase Trust Company or any of its affiliates. Portfolio managers at Chevy Chase Trust Company make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.

Past performance is not indicative of future returns.  Returns in the clip are presented gross of fee.  Actual returns would have been reduced by investment management fees.  Using Chevy Chase Trust Company’s highest published fee schedule (1.25%), the returns would have been reduced to 20.7%, 21.4% and 15.7%   Please refer to Chevy Chase Trust Company’s ADV Part 2.  All return information in this clip is as of June 30, 2018.   Global Thematic Equity is an equity asset class return for the discretionary members being managed in the firm’s Global Thematic style.  From July 1, 2003 to present, the return is composed of the equity returns for those discretionary members where the member’s equity holds 90% of the firm’s names, has at least 20 positions in stocks, and is designated in the Thematic style.  Prior to 2003, the asset class return is composed of discretionary accounts designated in the Thematic style.   This asset class return does not include cash.