Bloomberg
Index Services
LimitedBenchmark Statement for
Bloomberg Commodity Balanced WTI Crude
Oil 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 Commodity Balanced WTI Crude Oil Indices (collectively, the “Indices” andeach, an “Index”) and is intended to meet the requirements of the European Union’s regulation on indices used as benchmarks infinancial instruments and financial contracts or to measure the performance of investment funds (Regulation (EU) 2016/1011 of theEuropean 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” in the UK from 1 January 2021 (the“BMR”).
Requirement [Regulatory
Reference](1)

Benchmark Family Information

General disclosure
requirements

The benchmark statement shallstate:(a) the date of publication of
the statement and, whereapplicable, the date of its
last update;(b) where available, theinternational securities
identification number (ISIN)of the benchmark or
benchmarks; alternatively,
for a family of benchmarks,
the statement may provide
details of where the ISINs
are publicly accessible freeof charge;

Date of publication:
June 2024
Date of last update:June 2024

BISL does not assign ISINs to all of the Indices.
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 have obtained
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.

(c) whether the benchmark,or any benchmark in thefamily of benchmarks, isdetermined using
contributions of input data;

The Indices do not utilize contributions of input data.

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

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 those terms aredefined in the BMR. All of the Indices would be deemed ‘non-significant’.

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The benchmark statement shallclearly and unambiguously
define the market or economic
reality measured by the
benchmark and thecircumstances in which suchmeasurement may become
unreliable.
[BMR 27(1)(a)]In defining the market or
economic reality, thebenchmark statement shall
include at least the following
information:

A Bloomberg Professional Services offering

Market or economic reality measured by the benchmark family:
The Bloomberg Commodity Balanced WTI Crude Oil Indices aims to track the
performance of 3 separate contract schedules of the WTI Crude Oil. One third of theindex follows a monthly roll schedule one month beyond the nearby contract. The
second third of the index follows a June annual roll schedule, while the remaining
third follows a December annual roll schedule. The Index weights are equally resetsemi-annually in the months of March and September on close of the first BusinessDay. To maintain the long position of the basket, contracts are ‘rolled’ from theexpiring futures contract to a new contract farther down the futures curve with alonger expiry date. All commodities will roll on the second and the third Business
Day of each calendar month. The indices hold three different commodity futurecontracts equally which ensure the indices can accommodate substantial investment
flows. The Indices are composed of exchange-traded commodity futures contracts.
As a result, these Indices are investable benchmarks. Futures contracts are nevertaken to delivery, and are instead rolled forward per the index methodology.

(a) a general description of themarket or economic reality.
(b) the geographicalboundaries, if any, of themarket or economic reality;

The Bloomberg Commodity Balanced WTI Crude Oil Index methodology is available
here.

Annex 1 illustrates the coverage of the Indices.

(c) any other information thatthe administrator reasonably
considers to be relevant or
useful to help users or potential
users of the benchmark tounderstand the relevant
features of the market or
economic reality, including atleast the following elements
insofar as reliable data on theseelements is available:

Further breakdowns and associated fact sheets may be found here or by entering
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 their coreassets, and to reduce the risk of financial losses from commodity price movements,
while other participants are commodity speculators and other investors who aim to
profit from such movements.

(i) information on actual or
potential participants in themarket;(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 in which
the measurement of the market
or economic reality may
become unreliable, thebenchmark statement shall
include at least:(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 the administrator deems
the liquidity 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 themeasurement of the market or
economic reality may become
unreliable, including adescription of what might
constitute an exceptional
market event.

A Bloomberg Professional Services offering

Benchmark limitations:Though the Indices are designed to be representative of the markets they measureor 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 andcalculated strictly to follow the rules of the methodology, and any Index Level or other
output is limited in its usefulness to such design and 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 physicalcommodities, including trading in the Index components, is speculative and can be
extremely volatile. Market prices of the Index components and the underlying
physical commodities may fluctuate rapidly based on numerous factors, includingchanges in supply and demand relationships (whether actual, perceived, anticipated,unanticipated or unrealized); weather; agriculture; trade; fiscal, monetary andexchange control programs; domestic and foreign political and economic eventsand policies; disease; pestilence; technological developments; changes in interest
rates, whether through government action or market movements; and monetary andother government policies, action and inaction.
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 therelevant 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 thevolatilities of their prices, to move in inconsistent directions at inconsistent rates.
In addition, market trends and changes to market structure may render the objectiveof the Index unachievable or to become impractical to replicate by investors.
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 shalllay down technicalspecifications that clearly andunambiguously identify theelements of the calculation of
the benchmark in relation towhich discretion may be
exercised, the criteria applicableto the exercise of suchdiscretion and the position of
the persons that can exercise
discretion, and how such

The Indices are rules-based (methodology available here), and their construction isdesigned to consistently produce values without the exercise of expert 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

Discretion refers to the right of BISL to make a determination in calculating a
Benchmark with respect to its methodology. Expert judgement refers to the exercise
of discretion with respect to the use of Input Data. Instances of discretion or expert

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discretion may be subsequently
evaluated.
[BMR 27(1)(b)]In specifying the controls andrules that govern any exercise ofjudgement or discretion by theadministrator or any
contributors in calculating thebenchmark or benchmarks, thebenchmark statement shall
include an outline of each stepof the process for any ex post
evaluation of the use of
discretion, together with a clear
indication of the position of any
person(s) responsible forcarrying out the evaluations.
[RTS 1(4)]A Bloomberg Professional Services offering

judgement may include BISL making a decision to modify, derive or substitute input
or non-input (e.g. Volume) data points according to what it considers suitable in aparticular situation, in order to maintain Index constituents as set out in themethodology 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 and may
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 be consistent in
its application. BISL also maintains and enforces a conflicts of interest framework toprevent conflicts of interest from inappropriately influencing index construction,
production, and distribution, including the use of expert judgment or discretion.
In certain circumstances exercises of expert judgment or discretion are reviewed bysenior members of BISL management and Bloomberg Compliance teams, and arereported to the Product, Risk & Oversight Committee (PROC), BISL’s governancecommittee, which operates under the supervision of BISL’s oversight function, theBenchmark 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)]The methodology approach incorporates a ruled-based calculation that does not
require the exercise of discretion in its daily calculation process. Additionally, themethodology 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.

In specifying the procedures forreview of the methodology, thebenchmark statement shall at
least outline the procedures for
public consultation on any
material changes to themethodology.
[RTS 1(5)]An administrator shall publish,
together with the benchmark
statement referred to in Article
27, a procedure concerning theactions to be taken by theadministrator in the event ofchanges to or the cessation of abenchmark which may be usedin the Union in accordance with
Article 29(1). The procedure
may be drafted, whereapplicable, for families of

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benchmarks and shall be
updated and publishedwhenever a material change
occurs.
[BMR28(1)](6)

The benchmark statement shallprovide notice of the possibility
that factors, including external
factors beyond the control of
the administrator, may
necessitate changes to, or the
cessation of the benchmark.

Users should be aware that factors, including external factors beyond the control of
BISL, may necessitate changes to, or the cessation of the Indices or components
thereof. For example, markets measured by the Indices may undergo structuralchanges 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 shalladvise users that changes to, or
the cessation of, the benchmark
may have an impact upon thefinancial contracts and financial
instruments that reference thebenchmark or the measurementof the performance ofinvestment funds.

If financial product issuers or investment managers choose to use one of the Indicesas the basis of an index-linked financial product or an investment fund, they should
consider the possibility that factors, including external factors, may necessitatechanges to, or the cessation of the Indices or components thereof, including thepotential need to terminate or modify the terms of a financial product resulting fromthe 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 any
changes to the information to
be provided under this Article
and at least every two years.

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 the eventof any material changes to the information provided herein, and whenever the
information contained herein ceases to be correct or sufficiently precise including
whenever there is a change in the type of the benchmark or a material change in themethodology.

[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 thebenchmark statement shall be
required whenever the

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information contained in thestatement ceases to be correct
or sufficiently precise, andincluding in any event in thefollowing cases:(a) whenever there is a change
in the type of the benchmark;(b) whenever there is a materialchange in the methodology
used for determining thebenchmark 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 andprocedures used to determine
the benchmark, including adescription of the input data,
the priority given to different
types of input data, theminimum data needed todetermine a benchmark, the useof 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, The Bloomberg Commodity Balanced WTI Crude Oil provides
equally-weighted exposure to three WTI futures contracts.
Annex 1 illustrates, at a high level, the Indices are segregated and organized.
The Indices hold long positions in WTI Crude Oil futures contracts on the Chicago
Mercantile Exchange (CME). Please refer to the publicly-available methodology for
the Indices available here.
Rebalancing
Bloomberg Commodity Balanced WTI Crude Oil index weights are equally resetsemi-annually in the months of March and September on close of the first BusinessDay. One third of the index weight follows a monthly roll schedule one month beyond
the nearby contract. The second third of the index weight follows a June annual rollschedule, while the remaining third of the index follows a December annual rollschedule. To maintain the long position of the basket, contracts are ‘rolled’ from theexpiring futures contract to a new contract farther down the futures curve with alonger expiry date. All commodities will roll on the second and the third Business Dayof each calendar month. The Indices hold a long position in WTI Crude Oil futurescontracts on the Chicago Mercantile Exchange (CME). The composition of the Indicesis determined by BISL each year pursuant to the procedures set forth in themethodology 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 toreview by such bodies. In addition, to the extent practicable, BISL may solicit
stakeholder feedback, including by means of the Index Advisory Council. Onceapproved, the new composition of the Index is publicly announced and takes effectin the month of January immediately following the announcement.

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Input Data
The Indices utilize the official settlement prices provided by the relevant futures
exchanges. In addition, 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 Indices available
here.

(11)

A benchmark statement shallcontain at least the controls andrules that govern any exercise ofjudgement 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 andrules that govern any exercise of
judgment or discretion in thecalculation of the benchmark orof the family of benchmarks, thebenchmark statement shall at
least:(a) indicate the position of eachfunction or body who may
exercise discretion;(b) outline each step of the expost evaluation process for theuse of discretion.
[RTS 27(1)(4)](12)

A benchmark statement shallcontain at least the procedures
which govern the determinationof the benchmark in periods ofstress or periods wheretransaction data sources may beinsufficient, inaccurate or
unreliable and the potential
limitations of the benchmark insuch periods.

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

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

A benchmark statement shallcontain at least the procedures

To the extent a material error in index values is uncovered following publication anddissemination, a notification will be sent to index owners alerting them of such error

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for dealing with errors in input
data or in the determination of
the benchmark, including whena re-determination of thebenchmark is required.
[BMR 27(2)(f)](14)

A benchmark statement shallcontain at least the identificationof potential limitations of thebenchmark, including its
operation in illiquid orfragmented markets and thepossible concentration of
inputs.

A Bloomberg Professional Services offeringand the expected date of a revised publication, if warranted. BISL considers thefollowing factors to determine whether to restate. Not all conditions need to bepresent to warrant a restatement, and certain factors may be more determinative that
others depending on the circumstances of the given error.
•
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 the impact of
the error; and•The impact of the restatement on analytical tools.
See the Restatement Policy set out in the BISL Benchmark Procedures Handbook.
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 Article
1, for a regulated-databenchmark or, whereapplicable, family of regulateddata benchmarks, thebenchmark statement shall state
at least the following in its
description of the input data:(a) the sources of the input data
used;(b) for each source, the relevant
type , as listed in Article 3(1)(24)
of Regulation (EU) 2016/1011.
[RTS 2](16)

Specific disclosure
requirements for interest ratebenchmarks

Not applicable.

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1. In addition to the information
to be included pursuant to
Article 1, for an interest ratebenchmark or, whereapplicable, family of interest
rate benchmarks, thebenchmark statement shall
include at least the following
information:(a) a reference alerting users to
the additional regulatory regime
applicable to interest ratebenchmarks under Annex I to
Regulation (EU) 2016/1011;(b) a description of thearrangements that have been
put in place to comply with that
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, where applicable, family ofcommodity 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 towhy Title II of or, as the casemay be, Annex II to that
Regulation applies;(c) include in the definitions of
key terms a concise descriptionof the criteria that define therelevant underlying physicalcommodity;(d) where applicable, indicate
where the explanations are

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published that the administrator
is required to publish underparagraph 7 of Annex 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 critical benchmark, or,where applicable, a family ofbenchmarks that contains atleast one critical benchmark,the benchmark statement shall
include at least the following
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 of any
delay in the publication of thebenchmark or of any redetermination of thebenchmark, and indicating the(expected) duration of
measures.
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BLOOMBERG, BLOOMBERG INDICES and the Bloomberg Commodity Balanced WTI Crude Oil 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 beobtained therefrom, and expressly disclaims all warranties of merchantability and fitness 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 no liability or responsibility whatsoever for any injury or damages- whether direct, indirect, consequential, incidental, punitive or otherwise - arising in connection with the Indices or any data or
values relating thereto - whether arising from their negligence or otherwise. This document constitutes the provision of factual
information, rather than financial product advice. 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 to enter into any other transaction involving any specific interest or interests) by Bloomberg or arecommendation 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 isimpersonal and 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 the priorconsent of Bloomberg. The BLOOMBERG TERMINAL service and Bloomberg data products (the “Services”) are owned anddistributed by Bloomberg Finance L.P. (“BFLP”) except (i) in Argentina, Australia and certain jurisdictions in the Pacific islands,
Bermuda, China, India, Japan, Korea and New Zealand, where Bloomberg L.P. and its subsidiaries distribute these products, 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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Annex 1
Bloomberg WTI Crude Oil Equal- Weight Indices
Index TypeIndex Name

Index Ticker

Excess Return

Bloomberg Commodity Balanced WTI Crude Oil Excess Return

BCBCLI

Total Return

Bloomberg Commodity Balanced WTI Crude Oil Total Return

BCBCLITR

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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.
Item 2. Type of benchmark or family ofbenchmarks.

Bloomberg Index Services Limited

Other

Item 3. Name of the benchmark or family Refer to Annex 1of benchmarks.
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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