Bloomberg
Index Services
LimitedBenchmark Statement for
Bloomberg Energy & Metals Equal-Weighted
IndicesBloomberg Index Services Limited

A Bloomberg Professional Services offering

This benchmark statement (this “Statement”) is provided by Bloomberg Index Services Limited (“BISL” and, with its affiliates,“Bloomberg”) as the administrator of the Bloomberg Energy & Metals Equal-Weighted Indices (collectively, the “Indices”
and each, an “Index”) and is intended to meet the requirements of the European Union’s regulation on indices used as
benchmarks in financial instruments and financial contracts or to measure the performance of investment funds (Regulation(EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016, herein the “EU BMR”), including the regulatory
technical standards (“RTS”) promulgated thereunder, as and to the extent the EU BMR and related RTS were “on-shored” inthe UK from 1 January 2021 (the “BMR”)..
Requirement [Regulatory
Reference](1)

Benchmark Family Information

General disclosure
requirements

The benchmark statement
shall state:

Date of publication:
June 2024
Date of last update:June 2024(a) the date of publicationof the statement and,
where applicable, thedate of its last update;(b) where available, theinternational securities
identification number(ISIN) of the benchmark or
benchmarks; alternatively,
for a family ofbenchmarks, thestatement may provide
details of where the ISINs
are publicly accessible
free of charge;

BISL does not assign ISINs to all of the Indices.

(c) whether thebenchmark, or any
benchmark in the family ofbenchmarks, isdetermined using
contributions of input
data;

The Indices do not utilize contributions of input data.

(d) whether thebenchmark or any
benchmark in the family ofbenchmarks qualifies as
one of the types ofbenchmarks listed under
Title III of Regulation (EU)2016/1011, including thespecific provision by virtueof which the benchmark
qualifies as that type.

Users should be aware that ISINs may have been obtained on the Indices by
third parties and, in doing so, such third parties may have supplied inaccurate
or incomplete information with regard to the underlying Index or may haveobtained multiple ISINs for the same Index. Users should contact BISL if they
have questions regarding the proper identification of its Indices.
BISL does assign a unique Financial Instrument Global Identifier (“FIGI”) to its
Indices. FIGIs may be found at https://openfigi.com/ by searching for the
relevant Index within the family.

None of the Indices are ‘regulated-data benchmarks’, ‘interest rate benchmarks’or ‘commodity benchmarks’ as those terms are defined in the BMR. In addition,none of the Indices are ‘critical benchmarks’ or ‘significant benchmarks’ as thoseterms are defined in the BMR. All of the Indices would be deemed ‘nonsignificant’.

[RTS 1(1)]Global Family of Indices2

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The benchmark statement
shall clearly andunambiguously define themarket or economic reality
measured by the benchmark
and the circumstances inwhich such measurement may
become unreliable.
[BMR 27(1)(a)]In defining the market or
economic reality, thebenchmark statement shall
include at least the following
information:(a) a general description of
the market or economic
reality.
(b) the geographicalboundaries, if any, of themarket or economic reality;(c) any other information thatthe administrator reasonably
considers to be relevant or
useful to help users or
potential users of thebenchmark to understand therelevant features of themarket or economic reality,
including at least thefollowing elements insofar as
reliable data on theseelements is available:

A Bloomberg Professional Services offering

Market or economic reality measured by the benchmark family:
Bloomberg Energy & Metals Equal-Weighted Indices provides equallyweighted exposure to energy and metal commodities. The energy constituentsconsist of WTI crude oil, brent crude oil, low sulphur gas oil, and natural gas,
while the metal components include gold, silver, platinum, palladium, copper,
zinc, nickel and aluminium. The index weights are reset and rebalanced on aquarterly basis to maintain the pre-fixed weightings. Prior to May 2023, eachenergy and metals commodity had a target weight of 8.33%, whereas after thecomponent weights are 9.09% with platinum and palladium grouped together.
The indices roll schedule is determined by volume and open interest data foreach commodity futures contract, to help and ensure the indices canaccommodate substantial investment flows. The Indices are composed of
exchange-traded commodity futures contracts. As a result, these Indices areinvestable benchmarks. Futures contracts are never taken to delivery, and areinstead rolled forward per the index methodology.

The base Bloomberg Energy & Metals Equal-Weighted Indices methodology isavailable here.

Annex 1 illustrates the coverage of the Indices.
Further breakdowns and associated fact sheets may be found here or byentering INP <GO> on the Bloomberg Terminal® and selecting “Fact Sheets”.
Participants in the commodity futures market include commercial and/or
institutional commodities producers or commodity consumers (such as
manufacturers) who trade futures as a hedge to maximize the value of theircore assets, and to reduce the risk of financial losses from commodity pricemovements, while other participants are commodity speculators and otherinvestors who aim to profit from such movements.

(i) information on actual or
potential participants inthe market;(ii) an indication of the sizeof the market or economic
reality.
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In defining the potential
limitations of the benchmark
and the circumstances inwhich the measurement of
the market or economic
reality may become
unreliable, the benchmark
statement shall include atleast:(a) a description of thecircumstances in which theadministrator would lacksufficient input data to
determine the benchmark inaccordance with themethodology;(b) where relevant, adescription of instances when
the accuracy and reliability ofthe methodology used for
determining the benchmark
can no longer be ensured,
such as when theadministrator deems theliquidity in the underlying
market as insufficient;(c) any other information thatthe administrator reasonably
considers to be relevant or
useful to help users andpotential users to understandthe circumstances in which
the measurement of themarket or economic reality
may become unreliable,
including a description ofwhat might constitute an
exceptional market event.

A Bloomberg Professional Services offering

Benchmark limitations:Though the Indices are designed to be representative of the markets theymeasure or otherwise align with their stated objective, they may not be
representative in every case or achieve their stated objective in all instances.
They are designed and calculated strictly to follow the rules of the methodology,
and any Index Level or other output is limited in its usefulness to such designand calculation.
Markets can be volatile, including those commodity market interests which the
Indices intend to measure or upon which the Indices are dependent in order toachieve their stated objective. For example, trading in futures contracts on
physical commodities, including trading in the Index components, is speculativeand can be extremely volatile. Market prices of the Index components and theunderlying physical commodities may fluctuate rapidly based on numerous
factors, including changes in supply and demand relationships (whether actual,
perceived, anticipated, unanticipated or unrealized); weather; agriculture;trade; fiscal, monetary and exchange control programs; domestic and foreign
political and economic events and policies; disease; pestilence; technologicaldevelopments; changes in interest rates, whether through government action
or market movements; and monetary and other government policies, action andinaction.
The current or “spot” prices of the underlying physical commodities may also
affect, in a volatile and inconsistent manner, the prices of futures contracts in
respect to the relevant commodity. These factors may affect the value of the
Indices in varying ways, and different factors may cause the prices of the Index
components, and the volatilities of their prices, to move in inconsistent
directions at inconsistent rates.
In addition, market trends and changes to market structure may render theobjective of the Index unachievable or to become impractical to replicate byinvestors.
Other than as set forth in the methodology for the Indices available here, there
are no minimum liquidity requirements for Index constituents and/or minimum
requirements or standards for the quantity or quality of the input data.
Market Disruption Events
See the Market Disruption Events section of the BISL Benchmark Procedures
Handbook.

[RTS 1(3)](4)

The benchmark statement
shall lay down technicalspecifications that clearly andunambiguously identify theelements of the calculation of
the benchmark in relation towhich discretion may be
exercised, the criteria
applicable to the exercise of

The Indices are rules-based (methodology available here), and theirconstruction is designed to consistently produce values without the exercise ofexpert judgment or discretion under the standard methodology, in day-to-day
index calculation. Nevertheless, BISL product owners may use expert judgment
or discretion in certain limited circumstances, with regards to the following:

Extraordinary circumstances during a market emergency
Interruptions, issues, and closures of data including input or non-input(e.g. Volume) data

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such discretion and theposition of the persons thatcan exercise discretion, andhow such discretion may besubsequently evaluated.
[BMR 27(1)(b)]In specifying the controls andrules that govern any exerciseof judgement or discretion by
the administrator or any
contributors in calculating thebenchmark or benchmarks,
the benchmark statement
shall include an outline ofeach step of the process forany ex post evaluation of theuse of discretion, together
with a clear indication of theposition of any person(s)responsible for carrying out
the evaluations.
[RTS 1(4)]A Bloomberg Professional Services offering

Discretion refers to the right of BISL to make a determination in calculating a
Benchmark with respect to its methodology. Expert judgement refers to theexercise of discretion with respect to the use of Input Data. Instances of
discretion or expert judgement may include BISL making a decision to modify,
derive or substitute input or non-input (e.g. Volume) data points according towhat it considers suitable in a particular situation, in order to maintain Index
constituents as set out in the methodology and ensure the index accurately
represents the objective of the index as best as possible.
Discretion may be applied to (but not limited to) areas of index construction andmay include actions such as:•
Delaying or estimating the value of input or non-input data•
Adjusting the benchmark methodology•
Excluding or amending a constituent, input or non-input data
When expert judgment or discretion is required, BISL undertakes to beconsistent in its application. BISL also maintains and enforces a conflicts ofinterest framework to prevent conflicts of interest from inappropriately
influencing index construction, production, and distribution, including the useof expert judgment or discretion.
In certain circumstances exercises of expert judgment or discretion are
reviewed by senior members of BISL management and Bloomberg Complianceteams, and are reported to the Product, Risk & Oversight Committee (PROC),BISL’s governance committee, which operates under the supervision of BISL’s
oversight function, the Benchmark Oversight Committee (BOC).
See the section titled “Expert Judgment and Discretion” in the BISL Benchmark
Procedures Handbook.

(5)

A benchmark statement shallcontain at least the rationale
for adopting the benchmark
methodology and proceduresfor the review and approval ofthe methodology.
[BMR27(2)(b)]In specifying the procedures
for review of themethodology, the benchmark
statement shall at least outline
the procedures for public
consultation on any materialchanges to the methodology.

The methodology approach incorporates a ruled-based calculation that does
not require the exercise of discretion in its daily calculation process. Additionally,
the methodology is subject to strict input data eligibility requirements to ensure
its replicability and resilience.
For further detail on the procedures for the review and approval of
methodologies, the procedures for public consultation on materials changes
and the process for cessation, see the Benchmark and Methodology Launch &Changes and Cessation Policy sections of the BISL Benchmark Procedures
Handbook.

[RTS 1(5)]An administrator shall publish,
together with the benchmark
statement referred to in
Article 27, a procedure

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concerning the actions to betaken by the administrator in
the event of changes to or the
cessation of a benchmark
which may be used in theUnion in accordance with
Article 29(1). The procedure
may be drafted, whereapplicable, for families ofbenchmarks and shall be
updated and publishedwhenever a material change
occurs.
[BMR28(1)](6)

The benchmark statement
shall provide notice of thepossibility that factors,
including external factors
beyond the control of theadministrator, may necessitatechanges to, or the cessation of
the benchmark.

Users should be aware that factors, including external factors beyond the controlof BISL, may necessitate changes to, or the cessation of the Indices orcomponents thereof. For example, markets measured by the Indices may
undergo structural changes which may affect the liquidity of underlying
constituents of the Indices. In addition, regulatory changes can adversely impact
the effectiveness of methodology design.

[BMR 27(1)(c)](7)

The benchmark statement
shall advise users thatchanges to, or the cessationof, the benchmark may havean impact upon the financial
contracts and financial
instruments that reference thebenchmark or themeasurement of theperformance of investment
funds.

If financial product issuers or investment managers choose to use one of the
Indices as the basis of an index-linked financial product or an investment fund,they should consider the possibility that factors, including external factors, may
necessitate changes to, or the cessation of the Indices or components thereof,
including the potential need to terminate or modify the terms of a financial
product resulting from the termination of the calculation of one or more of the
Indices.

[BMR 27(1)(d)](8)

A benchmark statement shallcontain at least the definitions
for all key terms relating to thebenchmark.

All key terms and other relevant information are set forth in the methodology for
the Indices available here.

[BMR 27(2)(a)](9)

The administrator shall review
and, where necessary, update
the benchmark statement foreach benchmark or family ofbenchmarks in the event of

BISL shall review this Statement on a periodic basis, at least once every two years.
BISL will also review and, if determined necessary, update this Statement in theevent of any material changes to the information provided herein, and whenever
the information contained herein ceases to be correct or sufficiently precise

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any changes to theinformation to be provided
under this Article and at least
every two years.

A Bloomberg Professional Services offering

including whenever there is a change in the type of the benchmark or a materialchange in the methodology.

[BMR 27(1)]In addition to the cases
referred to in the third
subparagraph of Article 27(1)of Regulation (EU) 2016/1011,
an update of the benchmark
statement shall be required
whenever the information
contained in the statementceases to be correct or
sufficiently precise, andincluding in any event in thefollowing cases:(a) whenever there is achange in the type of thebenchmark;(b) whenever there is amaterial change in themethodology used for
determining the benchmark
or, if the benchmark
statement is for a family ofbenchmarks, in themethodology used for
determining any benchmark
within the family ofbenchmarks.

[RTS 6](10)

A benchmark statement shallcontain at least the criteria
and procedures used todetermine the benchmark,including a description of the
input data, the priority given
to different types of input
data, the minimum dataneeded to determine abenchmark, the use of any
models or methods ofextrapolation and any
procedure for rebalancing theconstituents of a benchmark's
index.
[BMR 27(2)(c)]Constituent Selection
As described under “Market or economic reality measured by the benchmark
family” in row (2) above, Bloomberg Energy & Metals Equal-Weighted provides
equally-weighted exposure to energy and metal commodities.
Annex 1 illustrates, at a high level, the Indices are segregated and organized.
The Indices hold a long position in energy and metals (base and precious)
commodity futures contracts on the Chicago Mercantile Exchange (CME),
London Metals Exchange (LME), and the Intercontinental Exchange (ICE). Pleaserefer to the publicly-available methodology for the Indices available here.
Rebalancing
Bloomberg Energy & Metals Equal-Weighted Indices are equally rebalanced ona quarterly basis on close of the last business day in January, April, July, andOctober. The Indices hold a long positions in energy and metal (base andGlobal Family of Indices7

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precious) commodity futures contracts on the Chicago Mercantile Exchange(CME), London Metals Exchange (LME), and the Intercontinental Exchange (ICE).
To maintain a long position, contracts are ‘rolled’ from the expiring futurescontract to a new contract farther down the futures curve with a longer expiry
date. The composition of the Indices is determined by BISL each year pursuant
to the procedures set forth in the methodology by index managers operating
within the PROC (defined below) governance body under the oversight of the
BOC (defined below) oversight function. Any material deviations or changes
from established procedures are subject to review by such bodies. In
addition, to the extent practicable, BISL may solicit stakeholder feedback,including by means of the Index Advisory Council. Once approved, the newcomposition of the Index is publicly announced and takes effect in the month ofJanuary immediately following the announcement.
Input Data
The Indices utilize the official settlement prices provided by the relevant futures
exchanges. In addition, Bloomberg FX Fixings (“BFIX”, further information on
BFIX can be found here), and U.S. Treasury Bill prices may be required in thedetermination of a subset of the Indices.
For greater detail regarding the criteria and procedures used to determine the
Indices, please refer to the publicly-available methodology for the Indicesavailable here.

(11)

A benchmark statement shallcontain at least the controls
and rules that govern any
exercise of judgement or
discretion by theadministrator or any
contributors, to ensure
consistency in the use of suchjudgement or discretion.

See row (4) above.

[BMR27(2)(d)]For the purpose of providing
information on the controls
and rules that govern any
exercise of judgment or
discretion in the calculation of
the benchmark or of thefamily of benchmarks, thebenchmark statement shall at
least:(a) indicate the position ofeach function or body who
may exercise discretion;(b) outline each step of the expost evaluation process forthe use of discretion.
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A benchmark statement shallcontain at least theprocedures which govern thedetermination of thebenchmark in periods ofstress or periods wheretransaction data sources may
be insufficient, inaccurate or
unreliable and the potential
limitations of the benchmark
in such periods.

A Bloomberg Professional Services offering

See “Benchmark Limitations” in row (3) above.

[BMR 27(2)(e)](13)

A benchmark statement shallcontain at least theprocedures for dealing witherrors in input data or in thedetermination of thebenchmark, including when are-determination of thebenchmark is required.
[BMR 27(2)(f)]

To the extent a material error in index values is uncovered following publicationand dissemination, a notification will be sent to index owners alerting them ofsuch error and the expected date of a revised publication, if warranted.
BISL considers the following factors to determine whether to restate. Not allconditions need to be present to warrant a restatement, and certain factors may
be more determinative that others depending on the circumstances of the given
error. For example:•
The relative importance of the data field impacted by the error;•
Consideration of impact to end investor and/or clients’ non-financial
objectives;•
When the error occurred and when it was discovered;•
The number of indices and sub-indices affected;•
Whether the impacted indices are linked to tradable products;•
The magnitude of the error;•
The burden of restatement on client re-processing relative to theimpact of the error; and•The impact of the restatement on analytical tools.
See the Restatement Policy set out in the BISL Benchmark Procedures
Handbook.

(14)

A benchmark statement shallcontain at least theidentification of potential
limitations of the benchmark,including its operation in
illiquid or fragmented markets
and the possible
concentration of inputs.

See “Benchmark Limitations” in row (3) above.

[BMR 27(2)(g)](15)

Specific disclosure
requirements for regulated
data benchmarks.

Not applicable.

In addition to the information
to be included pursuant to

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Article 1, for a regulated-databenchmark or, whereapplicable, family of
regulated-data benchmarks,
the benchmark statement
shall state at least thefollowing in its description of
the input data:(a) the sources of the input
data used;(b) for each source, therelevant type , as listed in
Article 3(1)(24) of Regulation(EU) 2016/1011.
[RTS 2](16)

Specific disclosure
requirements for interest
rate benchmarks

Not applicable.

1. In addition to theinformation to be included
pursuant to Article 1, for aninterest rate benchmark or,
where applicable, family ofinterest rate benchmarks, thebenchmark statement shall
include at least the following
information:(a) a reference alerting users
to the additional regulatory
regime applicable to interest
rate benchmarks under Annex
I to Regulation (EU) 2016/1011;(b) a description of thearrangements that have been
put in place to comply withthat Annex.
[RTS 3](17)

Specific disclosure
requirements for commodity
benchmarks

Not applicable.

In addition to the information
to be included pursuant to
Article 1, for a commodity
benchmark or, whereapplicable, family of

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A Bloomberg Professional Services offeringcommodity benchmarks, thebenchmark statement shall at
least:(a) indicate whether therequirements of Title II of, orAnnex II to, Regulation (EU)2016/1011 apply to thebenchmark, or family ofbenchmarks as prescribed by
Article 19 of that Regulation;(b) include an explanation as
to why Title II of or, as the casemay be, Annex II to that
Regulation applies;(c) include in the definitions of
key terms a concise
description of the criteria thatdefine the relevant underlying
physical commodity;(d) where applicable, indicate
where the explanations are
published that theadministrator is required to
publish under paragraph 7 ofAnnex II to that Regulation.
[RTS 4](18)

Specific disclosure
requirements for criticalbenchmarks

Not applicable.

In addition to the information
to be included pursuant to
Article 1, for a criticalbenchmark, or, whereapplicable, a family ofbenchmarks that contains atleast one critical benchmark,the benchmark statement
shall include at least thefollowing information:(a) a reference alerting users
to the enhanced regulatory
regime applicable to criticalbenchmarks under
Regulation (EU) 2016/1011;(b) a statement indicating
how users will be informed ofany delay in the publication of

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the benchmark or of any redetermination of thebenchmark, and indicating
the (expected) duration of
measures.
[RTS 5]BLOOMBERG, BLOOMBERG INDICES and the Bloomberg Energy & Metals Equal-Weighted Indices (the “Indices”) aretrademarks or service marks of Bloomberg Finance L.P. Bloomberg Finance L.P. and its affiliates, including Bloomberg
Index Services Limited, the administrator of the Indices (collectively, “Bloomberg”) or Bloomberg's licensors own all
proprietary rights in the Indices. Bloomberg does not guarantee the timeliness, accuracy or completeness of any data or
information relating to the Indices. Bloomberg makes no warranty, express or implied, as to the Indices or any data or
values relating thereto or results to be obtained therefrom, and expressly disclaims all warranties of merchantability andfitness for a particular purpose with respect thereto. It is not possible to invest directly in an Index. Back-tested performance
is not actual performance. Past performance is not an indication of future results. To the maximum extent allowed by law,Bloomberg, its licensors, and its and their respective employees, contractors, agents, suppliers and vendors shall have noliability or responsibility whatsoever for any injury or damages - whether direct, indirect, consequential, incidental, punitiveor otherwise - arising in connection with the Indices or any data or values relating thereto - whether arising from theirnegligence or otherwise. This document constitutes the provision of factual information, rather than financial productadvice. Nothing in the Indices shall constitute or be construed as an offering of financial instruments or as investment advice
or investment recommendations (i.e., recommendations as to whether or not to “buy”, “sell”, “hold”, or to enter or not toenter into any other transaction involving any specific interest or interests) by Bloomberg or a recommendation as to an
investment or other strategy by Bloomberg. Data and other information available via the Indices should not be considered
as information sufficient upon which to base an investment decision. All information provided by the Indices is impersonaland not tailored to the needs of any person, entity or group of persons. Bloomberg does not express an opinion on the
future or expected value of any security or other interest and do not explicitly or implicitly recommend or suggest an
investment strategy of any kind. Customers should consider obtaining independent advice before making any financial
decisions.
© 2024 Bloomberg. All rights reserved. This document and its contents may not be forwarded or redistributed without theprior consent of Bloomberg. The BLOOMBERG TERMINAL service and Bloomberg data products (the “Services”) are owned
and distributed by Bloomberg Finance L.P. (“BFLP”) except (i) in Argentina, Australia and certain jurisdictions in the Pacificislands, Bermuda, China, India, Japan, Korea and New Zealand, where Bloomberg L.P. and its subsidiaries distribute theseproducts, and (ii) in Singapore and the jurisdictions serviced by Bloomberg’s Singapore office, where a subsidiary of BFLP
distributes these products.

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A Bloomberg Professional Services offering

Annex 1
Bloomberg Energy and Metals Equal Weighted Indices
Index TypeIndex Name

Index Ticker

Excess Return

Bloomberg Energy and Metals Equal-Weighted Excess Return

BEMEWER

Total Return

Bloomberg Energy and Metals Equal-Weighted Total Return

BEMEWTR

Monthly Hedged(EUR) Total Return

The Bloomberg Energy and Metals Equal-Weighted Euro Monthly Hedged Total Return BEMEWETR

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A Bloomberg Professional Services offering

Annex 2 – Climate-Related Disclosures
EXPLANATION OF HOW ESG FACTORS ARE REFLECTED IN THE
BENCHMARK STATEMENTSECTION 1 – CONSIDERATION OF ESG FACTORS
Item 1. Name of the benchmark
administrator.

Bloomberg Index Services Limited

Item 2. Type of benchmark or family ofbenchmarks.

Other Benchmarks

Item 3. Name of the benchmark or familyof benchmarks.

Refer to Annex 1

Item 4. Are there in the portfolio of thebenchmark administrator any EU
Climate Transition Benchmarks, EU
Paris-aligned Benchmarks, benchmarksthat pursue ESG objectives orbenchmarks that take into account ESG
factors?

Yes

Item 5. Does the benchmark or family ofbenchmarks pursue ESG objectives?

No

Item 6. Where the response to Item 5 is positive, provide below the details (score) in relation to the following
ESG factors: combined ESG factors, environmental, social and governance for each family of benchmarks at an
aggregated level.
The ESG factors shall be disclosed at an aggregated weighted average value at the level of the family ofbenchmarks.
a) List of combined ESG factors:

Details on each ESG factor: N/Ab) List of environmental factors:

Details on each ESG factor: N/Ac) List of social factors:

Details on each ESG factor: N/Ad) List of governance factors:

Details on each ESG factor: N/A

Item 7. Where the response to Item 5 is positive, provide below the details (score) for the benchmark or family ofbenchmarks, in relation the following ESG factors: combined ESG factors, environmental, social and governance,
depending on the relevant underlying asset concerned.
Alternatively, all of this information may be provided in the form of a hyperlink to a website of the benchmark
administrator included in the benchmark statement. The information on the website shall be easily available andaccessible. Benchmark administrators shall ensure that information published on their website remains available
for five years.
The score of the ESG factors shall not be disclosed for each constituent of the benchmark, but shall be disclosed
at an aggregated weighted average value of the benchmark.

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A Bloomberg Professional Services offeringa) List of combined ESG factors:

Details on each ESG factor: N/Ab) List of environmental factors:

Details on each ESG factor: N/Ac) List of social factors:

Details on each ESG factor: N/Ad) List of governance factors:

Details on each ESG factor: N/A

Hyperlink to the information on ESG
factors for the benchmark or family ofbenchmarks:

N/A

Item 8. Data and standards used.
a) Description of data sources used toprovide information on the ESG factors inthe benchmark statement.

N/A

Describe how the data used to provide
information on the ESG factors in thebenchmark statement are sourced andwhether, and to what extent, data are
estimated or reported.

b) Reference standards.

N/A

List the supporting standards used forthe reporting under item 6 and/or item 7.

SECTION 2 – ADDITIONAL DISCLOSURE REQUIREMENTS FOR EU CLIMATE
TRANSITION AND EU PARIS-ALIGNED BENCHMARKS
Item 9. Where a benchmark is labelled as ‘EU Climate Transition Benchmark’ or ‘EU Paris-aligned
Benchmark’, benchmark administrators shall also disclose the following information:a)forward-looking year-on-year
decarbonisation trajectory;b) degree to which the IPCC
decarbonisation trajectory (1,5°C
with no or limited overshoot) has
been achieved on average per
year since creation;c)overlap between those benchmarks
and their investable universe, as
defined in Article 1, point (e), of
Commission DelegatedRegulation

N/A

N/A

N/A

(EU) 2020/1818, using the active
share at asset level.

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SECTION 3 – DISCLOSURE OF THE ALIGNMENT WITH THE OBJECTIVES OF THE PARISAGREEMENT
Item 10. By the date of application of this Regulation, for significant equity and bond benchmarks, EU
Climate Transition Benchmarks and EU Paris-aligned Benchmarks, benchmark administrators shall, for eachbenchmark, or where applicable, the family of benchmarks, disclose the following information:
Noa) Does the benchmark align with thetarget of reducing carbon
emissions or the attainment of theobjectives of the Paris Agreement;

Not applicable. The benchmark is not aligned with the target ofb) the temperature scenario, in
reducing carbon emissions or the attainment of the objectives of theaccordance with international
Paris Agreement and therefore no temperature scenario is used.
standards, used for the alignment
with the target of reducing GHG
emissions or the attainment of theobjectives of the Paris Agreement;
Not applicable. There is no temperature scenario provider as noc) the name of the provider of thetemperature scenario is used.
temperature scenario used for thealignment with the target of
reducing GHG emissions or theattainment of the objectives of theParis Agreement;d) the methodology used for themeasurement of the alignment
with the temperature scenario;e)the hyperlink to the website of thetemperature scenario used.

Date on which information has last
been updated and reason for the
update:Not applicable. The benchmark does not use a methodology tomeasure alignment with a temperature scenario as no temperature
scenario is used
Not applicable. There is no temperature scenario used.

28 January 2022. Update of Section 3 disclosures.

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