TD Ameritrade Network: Navid Abghari’s Outlook for the Financial Sector

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Household Debt-to-GDP: The ratio of debt incurred by resident households of the U.S. economy as a percentage of economic output.

Spread: The difference in yield between a U.S. Treasury bond and a debt security with the same maturity but of lesser quality.

Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security.

As of 9/30/19, no securities mentioned within the segment were held by our Funds.

It is not possible to invest directly in an index.