Indicators are forward-looking six to nine months.

    City National Rochdale, LLC Non-Deposit Investment Products are. Not FDIC Insured. Not Bank Guaranteed. May Lose Value.

^{The views stated in this commentary are not necessarily the opinion of First Allied Securities Inc. and should not be construed directly or indirectly as an offer to buy or sell any securities. Due to volatility within the markets mentioned, opinions are subject to change without notice. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed. Past performance does not guarantee future results.}