This material is provided solely for informational or educational purposes and is not intended as personalized investment advice. When provided to a client, advice is based on the client's unique circumstances and may differ substantially from any general recommendations, suggestions, or other considerations included in this material. Any opinions, recommendations, expectations, or projections included herein are subject to change, and any potential outcome discussed, including but not limited to performance, legislation, or tax consequence, ultimately may not occur. Information obtained from third-party sources is assumed to be reliable but may not be independently verified, and the accuracy thereof is not guaranteed. Any company, fund, or security referenced herein is provided solely for illustrative purposes and is not a recommendation to buy, hold, or sell it. Any reference to risk management or risk control does not imply that risk can be eliminated. All investments have risk. Readers should contact Glenmede or consult with a financial, investment, tax, legal, or other advisor if they have any questions about this material or want advice or more information.