SPDR S&P Dividend ETF (SDY) A GWM Flexible Income folio holding

SPDR S&P Dividend ETF    The SPDR S&P Dividend ETF, symbol SDY, offers a very good yield plus appreciation potential. It is up 6.43% YTD. We have a large SDY position in the GWM FLexible Income folio. Fund Summary

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded issuers that have historically followed a policy of making dividend payments. The fund employs a sampling strategy in seeking to track the performance of the S&P High Yield Dividend Aristocrats Index. It generally invests substantially all, but at least 80%, of total assets in the securities comprising the index. The fund may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. It is non-diversified. Fund Overview