eVestment Third-Party Vendor Notices


Australia CPI:

Based on Australian Bureau of Statistics data
© Commonwealth of Australia
Licensed under Creative Commons Attribution 4.0 International Public License. https://creativecommons.org/licenses/by/4.0/legalcode
ABS disclaims warranties: http://www.abs.gov.au/websitedbs/D3310114.nsf/Home/Disclaimer?OpenDocument
Source: http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/6401.0Sep%202018?OpenDocument

Barclays Bank PLC:

Source: Barclays Indices. Barclays Bank PLC. Used with permission. The Barclays Indices are the intellectual property of Barclays Bank PLC and/or its affiliates (“Barclays”). No distribution of the Barclays Indices or use of the Barclays Indices in any product is permitted without Barclays’ written consent. None of Barclays nor any of its directors, officers, employees, representatives, delegates or agents shall have any responsibility to any person (whether as a result of negligence or otherwise) for any determination made or anything done (or omitted to be determined or done) in respect of an Index or publication of the levels of the Index and any use to which any person may put the Index or the levels of the Index. In addition, although Barclays reserves the right to make adjustments to correct previously incorrectly published information, including but not limited to the levels of the Index, Barclays is under no obligation to do so and Barclays shall have no liability in respect of any errors or omissions. Barclays does not guarantee and shall have no liability to the counterparties, subscribers, purchasers or traders, as the case may be, of any transaction or to third parties for the quality, accuracy and/or completeness of the indices, or any data included therein or for interruptions in the delivery of the indices. Barclays makes no express or implied warranties, and hereby expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the indices, or any data included therein. Without limiting any of the foregoing, in no event shall Barclays have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages save to the extent that such exclusion of liability is prohibited by law. The eVestment products are not sponsored, endorsed or otherwise promoted by Barclays.

CUSIP:
Copyright © 2016, American Bankers Association CUSIP Database provided by the Standard & Poor’s Financial Services LLC. All rights reserved.

Dow Jones:
The Dow Jones Indexes are proprietary to, and are calculated, distributed and marketed by, Dow Jones Opco, a subsidiary of S&P Dow Jones Indices LLC, and have been licensed for use. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). All content of the Dow Jones Indexes © S&P Dow Jones Indices LLC 2016.

FTSE:
The eVestment products are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (“FTSE”) or the London Stock Exchange Group companies (“LSEG”) (together the “Licensor Parties”) and none of the Licensor Parties make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the FTSE Indices (Collectively, “the Index”), (ii) the figure at which the Index is said to stand at any particular time on any particular day or otherwise, or (iii) the suitability of the Index for the purpose to which it is being put in connection with the eVestment products. None of the Licensor Parties have provided or will provide any financial or investment advice or 2 recommendation in relation to the Index to eVestment or to its clients. The Index is calculated by FTSE or its agent. None of the Licensor Parties shall be (a) liable (whether in negligence or otherwise) to any person for any error in the Index or (b) under any obligation to advise any person of any error therein.

All rights in the Index vest in FTSE. “FTSE®” is a trade mark of LSEG and is used by FTSE under licence.

Source: FTSE International Limited (“FTSE”) © FTSE 2016. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.

FTSE Bursa Malaysia:
The eVestment products are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (“FTSE”) or by Bursa Malaysia Berhad (“BURSA MALAYSIA”) or by the London Stock Exchange Group companies (the “LSEG” and neither FTSE nor BURSA MALAYSIA nor LSEG makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE Bursa Malaysia Indices (Collectively, “the Index”), and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE. However, neither FTSE nor BURSA MALAYSIA nor LSEG shall be liable (whether in negligence or otherwise) to any person for any error in the Index and neither FTSE nor BURSA MALAYSIA nor LSEG shall be under any obligation to advise any person of any error therein.
“FTSE®”, “FT-SE®” and “Footsie® ” are trade marks of LSEG and are used by FTSE under licence. “BURSA MALAYSIA “is a trade mark of BURSA MALAYSIA.

Source: FTSE International Limited (“FTSE”) © FTSE 2016.“FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence.”BURSA MALAYSIA” is a trade mark of Bursa Malaysia Berhad (“BURSA MALAYSIA”). All intellectual property rights in the index values and constituent list vests in FTSE and BURSA MALAYSIA. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.

FTSE EPRA / NAREIT:
The eVestment products are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (“FTSE’), by the London Stock Exchange Group companies (“LSEG”), Euronext N.V. (“Euronext”), European Public Real Estate Association (“EPRA”), or the National Association of Real Estate Investment Trusts (“NAREIT”) (together the “Licensor Parties”) and none of the Licensor Parties make any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE EPRA / NAREIT Indices (Collectively “the Index”) and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE. However, none of the Licensor Parties shall be liable (whether in negligence or otherwise) to any person for any error in the Index and none of the Licensor Parties shall be under any obligation to advise any person of any error therein.

“FTSE ®” is a trade mark of LSEG, “NAREIT ® ” is a trade mark of the National Association of Real Estate Investment Trusts and “EPRA ®” is a trade mark of EPRA and all are used by FTSE under licence.”

Source: FTSE International Limited (“FTSE”) © FTSE 2016.“FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. “FT-SE®”, “FOOTSIE®” and “FTSE4GOOD®” are trade marks of the London Stock Exchange Group companies. “NAREIT ® ” is a trade mark of the National Association of Real Estate Investment Trusts (“NAREIT”) and “EPRA ®” is a trade mark of the European Public Real Estate Association (“EPRA”) and all are used by FTSE International Limited (“FTSE”) under licence. The FTSE FTSE EPRA / NAREIT Indices are calculated by FTSE. Neither FTSE, Euronext N. V., NAREIT nor EPRA sponsor, endorse or promote this product and are not in any way connected to it and do not accept any liability. All intellectual property rights in the index values and constituent list vests in FTSE, Euronext N. V., NAREIT and EPRA. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.

FTSE JSE:
The eVestment products are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (“FTSE”), the London Stock Exchange Group companies (“LSEG”) or JSE Limited (“JSE”) (collectively the “Licensor Parties”) and none of the Licensor Parties make any warranty or representation whatsoever, expressly or implied/y, either as to the results to be obtained from the use of the FTSE/JSE Indices (Collectively, “the Index”) and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE in conjunction with the JSE. None of the Licensor Parties shall be liable (whether in negligence or otherwise) to any person for any error in the Index and none of the Licensor Parties shall be under any obligation to advise any person of any error therein.

“FTSE®” is a trade mark of LSEG, “JSE” is a trade mark of the JSE and both are used by FTSE under licence.

Source: FTSE International Limited (“FTSE”) © FTSE 2016.“FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. “JSE” is a trade mark of JSE Limited and is used by FTSE International Limited (“FTSE”) under licence. The FTSE/JSE Indices are calculated by FTSE in conjunction with the JSE. All intellectual property rights in the index values and constituent list vests in FTSE and JSE. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.

FTSE NAREIT:
The eVestment products are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (“FTSE” ) or by the London Stock Exchange Group companies (“LSEG”) or by the National Association of Real Estate Investment Trusts (“NAREIT”) and neither FTSE, nor LSEG, nor NAREIT makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE NAREIT Indices (Collectively, “the Index”) and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE. Neither FTSE, nor LSEG, nor NAREIT shall be liable (whether in negligence or otherwise) to any person for any error in the Index and neither FTSE nor LSEG, nor NAREIT shall be under any obligation to advise any person of any error therein.

“FTSE®” is a trade mark of LSEG and is used by FTSE under licence. “NAREIT®” is a trade mark of
NAREIT.

Source: FTSE International Limited (“FTSE”) © FTSE 2016. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. “NAREIT®” is a trade mark of the National Association of Real Estate Investment Trusts (“NAREIT”). All intellectual property rights in the Index vest in FTSE and NAREIT. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.

FTSE RAFI:
The eVestment products are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (“FTSE”), by the London Stock Exchange Group companies (“LSEG”), or by Research Affiliates LLC (“RA”) (collectively the “Licensor Parties”), and none of the Licensor Parties make any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE RAFI Indices (Collectively, “the Index”) and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE in conjunction with RA. None of the Licensor Parties shall be liable (whether in negligence or otherwise) to any person for any error in the Index and none of the Licensor Parties shall be under any obligation to advise any person of any error therein.

FTSE® is a trade mark of LSEG. The trade names Fundamental Index® and RAFI® are registered trademarks of Research Affiliates, LLC.

Source: FTSE International Limited (“FTSE”) © FTSE 2016. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. The trade names Fundamental Index® and RAFI® are registered trademarks of Research Affiliates, LLC. The FTSE RAFI® Index Series is calculated by FTSE in conjunction with Research Affiliates LLC. All intellectual property rights in the Index vest in FTSE. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.

FTSE TMX:
The eVestment products are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited, the London Stock Exchange Group companies, TSX INC. and its affiliates or FTSE TMX Global Debt Capital Markets Inc (together the “Licensor Parties”) and the Licensor Parties do not make any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of any of the FTSE TMX Indices (collectively, “the Index”) and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE TMX Global Debt Capital Markets Inc and all copyright in the Index values and constituent lists vests in FTSE TMX Global Debt Capital Markets Inc. None of the Licensor Parties shall be liable (whether in negligence or otherwise) to any person for any error in the Index and the Licensor Parties shall not be under any obligation to advise any person of any error therein.
“FTSE®” is a trade mark of the London Stock Exchange Group companies and is used under licence. “TMX” is a trade mark of TSX Inc. and is used under licence.

Source: FTSE TMX Global Debt Capital Markets Inc © FTSE TMX Global Debt Capital Markets Inc 2016. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used under licence. “TMX” is a trade mark of TSX Inc. and is used under licence. All rights in the FTSE TMX Global Debt Capital Markets Inc’s indices and / or FTSE TMX Global Debt Capital Markets Inc’s ratings vest in FTSE TMX Global Debt Capital Markets Inc and/or its licensors. Neither FTSE TMX Global Debt Capital Markets Inc nor its licensors accept any liability for any errors or omissions in such indices and / or ratings or underlying data. No further distribution of FTSE TMX Global Debt Capital Markets Inc’s data is permitted without FTSE TMX Global Debt Capital Markets Inc’s express written consent.

ICE Data Indicies:
Certain indices and index data provided through eVestment’s solutions are the property of ICE Data Indices, LLA (“ICE Data”) and used under license. ICE Data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including with regard to the indices, index data and any data included in, related to, or derived therefrom. Neither ICE Data, nor its affiliates or their respective third party providers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof. The indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ICE Data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend eVestment, or any of its products or services.

Lipper:
Copyright 2016 © Reuters. All rights reserved. Any copying, republication or redistribution of Information, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Morningstar:
© 2016 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

MSCI:
Copyright Morgan Stanley Capital International Inc. 2016. All Rights Reserved. Unpublished. PROPRIETARY TO MORGAN STANLEY CAPITAL INTERNATIONAL INC.

PitchBook:
Certain of the information contained herein: (1) is proprietary to PitchBook Data, Inc. and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither PitchBook nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Russell:
Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company.

Russell Fundamental:
Frank Russell Company and Research Affiliates LLC have entered into a strategic alliance with respect to the Russell Fundamental Indexes. Subject to Research Affiliate’s intellectual property rights in certain content, Frank Russell Company is the owner of all copyrights related to the Russell Fundamental Indexes. Frank Russell Company and Research Affiliate jointly own all trademark and service mark rights in and to the Russell Fundamental Indexes. Research Affiliates is the owner of the trademarks, service marks, patents and copyrights related to the Fundamental Index and the Fundamental Index methodology.

Research Affiliates is the owner of the trademarks, service marks, patents and copyrights related to the Fundamental Index methodology. The trade names Fundamental Index®, RAFI®, the RAFI logo, and the Research Affiliates corporate name and logo are registered trademarks and are the exclusive intellectual property of Research Affiliates, LLC. Any use of these trade names and logos without the prior written permission of Research Affiliates, LLC is expressly prohibited. Research Affiliates, LLC reserves the right to take any and all necessary action to preserve all of its rights, title and interest in and to these marks.

Various features of the Fundamental Index® methodology, including an accounting data-based non-capitalization data processing system and method for creating and weighting an index of securities, are protected by various patents, and patent-pending intellectual property of Research Affiliates, LLC. (See all applicable US Patents, Patent Publications, and Patent Pending intellectual property located at http://www.researchaffiliates.com/Pages/legal.aspx#d, which are fully incorporated herein.)

Russell High Efficiency Defensive:
The Russell High Efficiency Defensive Indexes™ make use of Westpeak Global Advisors, LLC and Goldman Sachs Asset Management, L.P. patented ActiveBeta™ portfolio construction techniques (Methods and Systems for Building and Managing Portfolios based on Ordinal Ranks of Securities (U.S. Patent Numbers 8,285,620 and 8,473,298)). Westpeak Global Advisors, LLC and Goldman Sachs Asset Management, L.P. are developers of technologies used in the Russell HEFI Indexes. Frank Russell Company has independently developed intellectual property that is used to construct and maintain the Russell High Efficiency Defensive Indexes™.

Russell/Nomura:
Frank Russell Company and The Nomura Securities Co., Ltd. are the source and joint owners of the trademarks, service marks and copyrights related to the Russell/Nomura Indexes.

Societe Generale:
SG Prime Services indices made available from Societe Generale Corporate and Investment Banking.

Standard & Poor’s:
Copyright © 2019, S&P Dow Jones Indices LLC, its affiliates and/or third party licensors (“S&P DJI”). Reproduction of S&P DJI’s proprietary indices and related data (“S&P Indices”) in any form is prohibited except with the prior written permission of S&P DJI. S&P DJI does not guarantee the accuracy, adequacy, completeness or availability of any S&P Indices and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such S&P Indices. S&P DJI DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P DJI be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of the S&P Indices.

Statistics Canada:
Adapted from Statistics Canada. Table 18-10-0004-13 Consumer Price Index by product group, monthly, percentage change, not seasonally adjusted, Canada, provinces, Whitehorse, Yellowknife and Iqaluit. 2021. This does not constitute an endorsement by Statistics Canada of this product.

STOXX:
The STOXX Indices are the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland (“STOXX”) and/or its licensors (“Licensors”). STOXX has not been involved in any way in the creation of the eVestment products. The eVestment products are neither sponsored nor promoted, distributed or in any other manner supported by STOXX and/or its Licensors. STOXX does not give any warranty and excludes any liability whatsoever (whether in negligence or otherwise) – including without limitation for the accuracy, adequateness, correctness, completeness, timeliness, and fitness for any purpose – in relation to any errors, omissions or interruptions in any of STOXX’ indices or its data.

Mercer Third-Party Vendor Notices


Alerian:
The Alerian MLP IndexSM is a servicemark of GKD Index Partners, LLC d/b/a Alerian (“Alerian”) and their use is granted under a license from Alerian. Alerian does not guarantee the accuracy and/or completeness of Alerian MLP IndexSM or any data included therein and Alerian shall have no liability for any errors, omissions, interruptions or defects therein. Alerian makes no warranty, express or implied, representations or promises, as to results to be obtained by Licensee, or any other person or entity from the use of the Alerian MLP IndexSM or any data included therein. Alerian makes no express or implied warranties, representations or promises, regarding the originality, merchantability, suitability, non-infringement, or fitness for a particular purpose or use with respect to the Alerian MLP IndexSM or any data included therein. Without limiting any of the foregoing, in no event shall Alerian have any liability for any direct, indirect, special, incidental, punitive, consequential, or other damages (including lost profits), even if notified of the possibility of such damages.

Bloomberg:
Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

Citigroup:
Certain government bond and mortgage pricing data (as indicated in the FTSE Fixed Income Index Guide and/or Factsheet) contained in the Data are provided by Citigroup Global Markets Inc. (“Citi”). Where licensee redistributes, discloses or otherwise makes available to others (including in any report or other document in any form, print or electronic) such government bond or mortgage pricing data, either on a standalone basis or as part of an Index, Licensee shall also disclose that such data is “Citi Trader Pricing.”

Credit Suisse/Tremont:
© 2021, Credit Suisse/Tremont Index LLC. All rights reserved. The MercerInsight® software (the “Work”) is provided by Mercer. Neither Credit Suisse/Tremont Index LLC nor its affiliates, subsidiaries, members or parents (collectively, “Credit Suisse”) have undertaken any review of this Work or any recommendations contained herein, or of the suitability of this information for anyone accessing this Work, and neither the Work nor the information contained in the Work is sponsored, endorsed or approved by Credit Suisse. The Credit Suisse/Tremont Family of Indices and any information in the Work relating thereto (collectively, the “Information”) is made available to you for your own internal use and may not be reproduced or disseminated in any form, nor may it be used to create, offer or sell any security, financial instrument or index. The Information is provided “as is” and any use is at your entire risk. CREDIT SUISSE DISCLAIMS ANY AND ALL REPRESENTATIONS AND WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, REGARDING THE INFORMATION.

Datastream:
Source: ThomsonReuters Datastream

Deutsche Bank:
DBCR Excess Return indices provided by Deutsche Bank; DBCR Total Return indices adapted by Mercer (DBCR Excess Return plus cash return). The Deutsche Bank AG Indices are used with permission. © 20[ ] Deutsche Bank AG. All rights reserved.

EDHEC Alternative:
Source: EDHEC-Risk Institute https://risk.edhec.edu/

EurekaHedge:
Copyright Eurekahedge 2005 – 2021, All Rights Reserved. You, the user, may freely use the data for internal purposes and may reproduce the index data provided that reference to Eurekahedge is provided in your dissemination and/or reproduction. The information is provided on an “as is” basis and you assume and will bear all risk or associated costs in its use, and neither Eurekahedge nor its affiliates provide any express or implied warranty or representations as to originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for any purpose.

FTSE EPRA/NAREIT:
The Mercer products are not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings, including FTSE International Limited (collectively, the “LSE Group”), European Public Real Estate Association (“EPRA”), or the National Association of Real Estate Investments Trusts (“Nareit”) (and together the “Licensor Parties”). FTSE Russell is a trading name of certain of the LSE Group companies.

All rights in the FTSE EPRA/NAREIT Indices (collectively the “Index”) vest in the Licensor Parties. “FTSE®” and “FTSE Russell®” are a trade mark(s) of the relevant LSE Group company and are used by any other LSE Group company under license. “Nareit®” is a trade mark of Nareit, “EPRA®” is a trade mark of EPRA and all are used by the LSE Group under license.

The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The Licensor Parties do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Mercer products. The Licensor Parties makes no claim, prediction, warranty or representation either as to the results to be obtained from the use of the Index or the suitability of the Index for the purpose to which it is being put.

‘Source: London Stock Exchange Group plc and its group undertakings, including FTSE International Limited (collectively, the “LSE Group”), European Public Real Estate Association (“EPRA”), and the National Association of Real Estate Investments Trusts (“Nareit”) (and together the “Licensor Parties”). © LSE Group 2021. FTSE Russell is a trading name of certain LSE Group companies. “FTSE®” and “Russell®” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “Nareit®” is a trade mark of Nareit, “EPRA®” is a trade mark of EPRA and all are used by the LSE Group under license. All rights in the Index or data vest in the Licensor Parties. The Licensor Parties do not accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The Licensor Parties do not promote, sponsor or endorse the content of this communication.”

FTSE JSE:
The Mercer products are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (“FTSE”), the London Stock Exchange Group companies (“LSEG”) or JSE Limited (“JSE”) (collectively the “Licensor Parties”) and none of the Licensor Parties make any warranty or representation whatsoever, expressly or implied/y, either as to the results to be obtained from the use of the FTSE/JSE Indices (collectively the “Index”) and/or the figure at which the said Index stands at anyparticular time on any particular day or otherwise. The Index is compiled and calculated by FTSE in conjunction with the JSE. None of the Licensor Parties shall be liable (whether in negligence or otherwise) to any person for any error in the Index and none of the Licensor Parties shall be under any obligation to advise any person of any error therein.

“FTSE®” is a trade mark of LSEG, “JSE” is a trade mark of the JSE and both are used by FTSE under licence.

“Source: FTSE International Limited (“FTSE”) © FTSE 2021.“FTSE®” is a trade mark of the LondonStock Exchange Group companies and is used by FTSE International Limited under licence. “JSE” is a trade mark of JSE Limited and is used by FTSE International Limited (“FTSE”) under licence. The Index is calculated by FTSE in conjunction with the JSE. All intellectual property rights in the index values and constituent list vests in FTSE and JSE. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.”

FTSE RAFI:
The Mercer products are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (“FTSE”), by the London Stock Exchange Group companies (“LSEG”), or by Research Affiliates LLC (“RA”) (collectively the “Licensor Parties”), and none of the Licensor Parties make any warranty or representation
whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE RAFI Indices (collectively the “Index”) and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE in conjunction with RA. None of the Licensor Parties shall be liable (whether in negligence or otherwise) to any person for any error in the Index and none of the Licensor Parties shall be under any obligation to advise any person of any error therein.

FTSE® is a trade mark of LSEG. The trade names Fundamental Index® and RAFI® are registered trademarks of Research Affiliates, LLC

Source: FTSE International Limited (“FTSE”) © FTSE 2021. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. The trade names Fundamental Index® and RAFI® are registered trademarks of Research Affiliates, LLC. The FTSE RAFI® Index Series is calculated by FTSE in conjunction with Research Affiliates LLC. All intellectual property rights in the Index vest in FTSE. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.

FTSE, Russell:
The Mercer products are not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSEGroup”). FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the “FTSE Russell Index” (the “Index”) vest in the relevant LSE Group company which owns the Index.

“FTSE®” “Russell®”, “FTSE Russell®” are trade mark of the relevant LSE Group company and are used by any other LSE Group company under license.

The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Mercer products. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the use of the Index or the suitability of the Index for the purpose to which it is being put.

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). ©LSE Group 2021. FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

Hang Seng:
© Hang Seng Indexes Company Limited 2021. All rights reserved.

HFRI:
Source: Hedge Fund Research, Inc.

Hong Kong Mandatory Provident Fund Authority:
Unless otherwise stated, the Mandatory Provident Fund Schemes Authority (MPFA) retains copyright and other intellectual property rights in the materials placed on this website. The information available on this website may be re-disseminated or reproduced, provided that the MPFA is acknowledged as the source of information and the re-dissemination or reproduction is for non-profit purposes only. Any other reproduction, adaptation, distribution, dissemination or provision of the information available on this website is strictly prohibited unless prior written authorization is obtained from the MPFA. Any enquiry or request for authorization should be addressed to the MPFA via email at mpfa@mpfa.org.hk

ICE:
SOURCE ICE DATA INDICES, LLC (“ICE DATA”), IS USED WITH PERMISSION. ICE® IS A REGISTERED TRADEMARK OF ICE DATA OR ITS AFFILIATES [include if applicable , AND BOFA® IS A REGISTERED TRADEMARK OF BANK OF AMERICA CORPORATION LICENSED BY BANK OF AMERICA CORPORATION AND ITS AFFILIATES (“BOFA”) AND MAY NOT BE USED WITHOUT BOFA’S PRIOR WRITTEN APPROVAL]. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER V.6 071320 ICE DATA, ITS AFFILIATES NOR THEIR RESPECTIVE THIRD PARTY SUPPLIERS SHALL BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND YOUR USE IS AT YOUR OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DO NOT SPONSOR, ENDORSE, OR RECOMMEND MERCER, OR ANY OF ITS PRODUCTS OR SERVICES.

JPMorgan:
Information has been obtained from sources believed to be reliable, but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan’s prior written approval. Copyright 2021, JPMorgan Chase & Co. All rights reserved.

Lipper:
The information contained within the exhibit was derived by Mercer using content supplied by Lipper, a Thomson Reuters Company.

MSCI Barra:
Source: MSCI. The MSCI data is comprised of a custom index calculated by MSCI for, and as requested by, Mercer. The MSCI data is for internal use only and may not be redistributed or used in connection with creating or offering any securities, financial products or indices. Neither MSCI nor any other third party involved in or related to compiling, computing or creating the MSCI data (the “MSCI Parties’) makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and the MSCI Parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to such data. Without limiting any of the foregoing, in no event shall any of the MSCI Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

NASDAQ OMX:
The NASDAQ Indices are used with permission. © 2021, The NASDAQ OMX Group, Inc. All Rights Reserved.

NZX:
The NZX Indices are used with permission. © 2021 NZX Limited/Fairfax New Zealand Limited. All rights reserved.

ONS:
Source : Office for National Statistics

OsloBors:
Source Euronext, provided by Refinitiv

Pictet:
The Pictet LLP Indices are used with permission. © 2021, Pictet & Cie, Private Bankers Private Banking, Private Wealth Management, Institutional Asset Management, Independent Asset Managers, Geneva, Switzerland. All rights reserved.

Saudi Stock Exchange:
Source : Tadawul

SIX Swiss Exchange:
The SIX Swiss Exchange Ltd data, information and indices are used with permission. © 20[xx] SIX Swiss Exchange Ltd. All rights reserved. ® SIX Group, SIX Swiss Exchange, SPI, Swiss Performance Index (SPI), SPI EXTRA, SPI ex SLI, SMI, Swiss Market Index (SMI), SMI MID (SMIM), SMI Expanded, SXI, SXI LIFE SCIENCES, SXI Bio+Medtech, SLI, SLI Swiss Leader Index, SBI, SBI Swiss Bond Index, SAR, SAR SWISS AVERAGE RATE, SARON, SCR, SCR SWISS CURRENT RATE, SCRON, SAION, SCION, VSMI and SWX Immobilienfonds Index are trademarks that have been registered in Switzerland and/or abroad by SIX Group Ltd respectively SIX Swiss Exchange Ltd.

SIX Telekurs:
© 2021 SIX Telekurs Nordic AB

Societe Generale:
Source : Societe Generale Prime Services & Clearing

Standard & Poor’s:
Copyright © 2021, S&P Dow Jones Indices. Reproduction in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of any index.

S&P/TSX:
The S&P/TSX Indices (collectively, the “INDEX”) is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and TSX Inc., and has been licensed for use by Mercer. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Mercer. TSX® is a registered trademark of TSX Inc., and have been licensed for use by SPDJI and Mercer. Mercer products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the INDEX.

STOXX:
The STOXX Indices are the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland (“STOXX”), Deutsche Börse Group or their licensors. STOXX has not been involved in any way in the creation of the Mercer products. The Mercer products are neither sponsored nor promoted, distributed or in any other manner supported by STOXX, Deutsche Börse Group or their licensors, research partners or data providers. STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty and exclude any liability whatsoever (whether in negligence or otherwise) – including without limitation for the accuracy, adequateness, correctness, completeness, timeliness, and fitness for any purpose – in relation to any errors, omissions or interruptions in any data contained in the Mercer products.

STOXX Limited (“STOXX”) is the source of the STOXX Indices and the data comprised therein. STOXX has not been involved in any way in the creation of any reported information and does not give any warranty and excludes any liability whatsoever (whether in negligence or otherwise) – including without limitation for the accuracy, adequateness, correctness, completeness, timeliness, and fitness for any purpose – with respect to any reported information or in relation to any errors, omissions or interruptions in the relevant index or its data. Any dissemination or further distribution of any such information pertaining to STOXX is prohibited.

Tokyo Stock Exchange:
The TOPIX Index and TSE REIT Index and the TOPIX Marks are subject to the proprietary rights owned by the Tokyo Stock Exchange, Inc. and the Tokyo Stock Exchange, Inc. owns all rights and know-how relating to the TOPIX such as calculation, publication and use of the TOPIX Index and TSE REIT Index and relating to the TOPIX Marks. No Product is in any way sponsored, endorsed or promoted by the Tokyo Stock Exchange, Inc.