Bloomberg
Index Services
LimitedBenchmark Statement for
Bloomberg AusBond and NZBond 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 AusBond and NZBond 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” in the UK from 1 January 2021 (the“BMR”).
Requirement [Regulatory
Reference](1)

Benchmark Family Information

General disclosure
requirements

The benchmark statement shallstate:

Date of publication:
June 2024(a) the date of publication of
the statement and, whereapplicable, the date of its last
update;Date of last update:June 2024(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 free ofcharge;BISL does not assign ISINs to all of the Indices.

(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 virtue of
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’.

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 theproper 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.

[RTS 1(1)]Bloomberg AusBond and NZBond Indices2

Bloomberg Index Services Limited(2)

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, the benchmark
statement shall include at least
the following information:(a) a general description of themarket or economic reality.
(b) the geographicalboundaries, if any, of the market
or economic reality;(c) any other information that theadministrator reasonably
considers to be relevant or
useful to help users or potential
users of the benchmark tounderstand the relevant featuresof the market or economic
reality, including at least thefollowing elements insofar as
reliable data on these elements
is available:(i) information on actual or
potential participants in themarket;(ii) an indication of the size ofthe market or economic
reality.

A Bloomberg Professional Services offering

The Indices are benchmarks representative of the Australian and New Zealand fixedincome markets respectively. The Indices product coverage includes government,semi-government, corporates, inflation-linked and bank bill instruments. To be
included in the Indices, securities must qualify against a set of rules detailed in themethodology.
The bond Indices include Australian dollar and New Zealand dollar denominatedbonds with an investment grade index rating and minimum size outstanding in orderto focus on liquid issues that represent the majority of the market. Further criteria suchas ratings, coupon structure, and sector classifications are used to define thesubcomponents of the Indices.
The AusBond and NZBond Indices at a glance:
•
•
•
•

•

•
•

Investment-grade fixed income securities (including certain mortgage
securities)
Minimum amount outstanding of $100 million ($50 million for inflationlinked securities)
Local currency denominated securities (Australian dollars or NZ dollars
respectively)
AusBond Composite Index includes treasury, semi-government, credit andsupranational issues. Inflation, Floating Rate Note (FRN), Bank Bill andSwap indices are also available.
NZBond Composite Index includes treasury, local government, credit andsupranational issues. Inflation, Bank Bill and Swap indices are alsoavailable.
Market capitalisation weighted
Rebalanced monthly

Annex 1 illustrates the coverage of the Indices.
Further information regarding sub-components may be found here or by entering
INP <GO> on the Bloomberg Terminal® and selecting “AusBond”.
Market participants in the Australian and New Zealand fixed income markets
underlying the benchmarks mainly comprise of institutional investors, investmentbanks and broker-dealers. Participation of retail investors in the Australian and New
Zealand fixed income market is limited.

[RTS 1(2)]Bloomberg AusBond and NZBond Indices3

Bloomberg Index Services Limited(3)

In defining the potential
limitations of the benchmark
and the circumstances in which
the measurement of the market
or economic reality may become
unreliable, the benchmark
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, a descriptionof instances when the accuracy
and reliability of themethodology 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 that theadministrator 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.
[RTS 1(3)]A Bloomberg Professional Services offering

Benchmark Limitations
Though the Indices are designed to be representative of the markets they measure orotherwise align with their stated objective, they may not be representative in every caseor achieve their stated objective in all instances. They are designed and calculated
strictly to follow the rules detailed in 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 fixed income markets which the Indices intend
to measure. For example, illiquidity can have an impact on the quality or amount ofdata available to BISL (or its underlying sources of data) for calculation and may cause
the Indices to produce unpredictable or unanticipated results.
In addition, market trends and changes to market structure may render the objective of
the Indices unachievable or to become impractical to replicate by investors.
In particular, the Indices measure the fixed income markets of Australia and New
Zealand. As with all fixed income investing, the Indices are exposed to interest raterisk. The value of bonds fluctuates with the changes in the interest rate policies
established by central banks and the natural movement of rates over time. Bonds with
optionality will also be impacted by interest rate volatilities. Most fixed income
securities often trade at a spread to the base interest rate curve. The level of the
spread reflects the additional premium an investor requires for taking the additional
credit risk, liquidity risk, and other risks. The change of the spread, which reflects
primarily the change in perceived risk of a security, comes from both common forces,
affecting all bonds with similar characteristics, and information specific to a particularissuer. As the Indices are designed to measure those markets, its indices could bematerially impacted by market movements, thus significantly impacting the use or
usefulness of the fixings for some or all users.
In addition, subindices within the AusBond and NZBond family are designed tomeasure smaller subsets of the Indices such as specific sectors, maturities, or credit
quality bands. Some of these subindices have very few qualifying constituents and may
have none for a period of time. During such period, the subindex will continue to be
published at its last value, effectively reporting a 0% return, until new constituents
qualify. If no constituents are expected to qualify (due to changes in issuance trends
and other factors), the subindex may be discontinued. In such an event, this
discontinuation will be announced to index users.
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.
Unavailable Data and Unexpected Events
Where unforeseen events result in the unexpected closure of Australian or New
Zealand fixed income markets, or where pricing data cannot reasonably be obtainedfor one or more securities, affected securities will be priced using information from thelast available index publication date.
If Australian or New Zealand market data is not available, the prior day's values will be
used.

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The benchmark statement shalllay down technical specifications
that clearly and unambiguously
identify the elements of thecalculation of the benchmark in
relation to which discretion may
be exercised, the criteria
applicable to the exercise ofsuch discretion and the positionof the persons that can exercise
discretion, and how suchdiscretion 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 the benchmark or
benchmarks, the benchmark
statement shall include an
outline of each step of theprocess 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)](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 forreview of the methodology, thebenchmark statement shall at
least outline the procedures for
public consultation on any
material changes to themethodology.
[RTS 1(5)]A Bloomberg Professional Services offering

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
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.
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.

In 1988, UBS created the suite of UBS Australian Bond Indices to serve as a stable,
comprehensive, and objective basis for evaluating the performance of Australia’s fixedincome markets. Beginning with indices for bank bills, government, and semigovernment securities, this index suite has expanded to cover all the major asset
classes in the Australian fixed income market including credit, supranationals, andinflation-linkers. The AusBond Indices are the most established benchmark forAustralian fixed income market performance. The NZBond Indices similarly provide abenchmark for evaluating performance of the New Zealand (NZ) fixed income market.
Following Bloomberg’s 2014 acquisition of the Indices from UBS, the Indices wererebranded as the Bloomberg AusBond Indices and Bloomberg NZBond Indicesrespectively. Since then, the Indices have been calculated, administered, and licensed
by Bloomberg. The Indices are broadly available to the Australian, New Zealand, andglobal fixed income investment communities. The use of Bloomberg’s data,technology, and distribution platforms provide robust means for tracking the fixedincome markets of Australia and New Zealand and disseminating this information
effectively.

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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, where applicable, forfamilies of benchmarks and shallbe updated and publishedwhenever a material change
occurs.

A Bloomberg Professional Services offering

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. The index methodologies are designed such that they areable to offer liquid and diversified indices that can be used for benchmark purposes bya wide set users and rebalanced on a scheduled basis to ensure representativeness.
For further detail on the procedures for the review and approval of methodologies, theprocedures for public consultation on materials changes and the process for cessation,
see the Benchmark and Methodology Launch & Changes and Cessation Policy sectionsof the BISL Benchmark Procedures Handbook.

[BMR28(1)](6)

The benchmark statement shallprovide notice of the possibility
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 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 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 needto terminate or modify the terms of a financial product resulting from the terminationof 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

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 event of 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 the methodology.

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provided under this Article andat least every two years.
[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
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 of benchmarks.

[RTS 6](10)

A benchmark statement shallcontain at least the criteria andprocedures used to determine
the benchmark, including adescription of the input data, thepriority given to different typesof input data, the minimum dataneeded to determine abenchmark, the use of any
models or methods ofextrapolation and any procedure
for rebalancing the constituentsof a benchmark's index.

Constituent Selection
As described under “Market or economic reality measured by the benchmark family”
in row (2) above, a number of criteria and characteristics are utilized to determine theindex eligibility of particular securities among and across the various Indices. Annex 1
illustrates, at a high level, how the Indices are segregated and organized.
Rebalancing
Most Indices are rebalanced monthly, offering intra-month stability in Index
composition. Securities that meet all published Index inclusion rules and eligibility
criteria at the beginning of a given month will remain in the Index for purposes of returncalculations until the following month-end, when index composition is next reset.
Unlike the rebalancing of traditional equity indices, which occurs less often, the monthly
rebalancing of the Indices better suits the more frequent issuance and the more
dynamic borrowing needs of fixed income issuers.

[BMR 27(2)(c)]
For each Index, two universes of securities are maintained: one that is held constantthroughout the month from the previous Index rebalancing date and one that changes
daily to reflect the latest composition of the market since the last rebalancing. The
former, the “Returns Universe” (also referred to as the “backwards” universe), is a static
set of securities that is determined at the beginning of each month and is not reset until
the beginning of the next month. This fixed universe is used to calculate daily andmonthly index returns and is the basket of bonds against which Index users are officiallymeasured against. The Returns Universe is not adjusted for securities that become

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ineligible for inclusion during the month (e.g., due to ratings downgrades, called
bonds, securities falling below one year to maturity, etc.) or for issues that are newly
eligible (e.g., ratings changes, new issuance, etc.). Because the Returns Universe is held
constant throughout the month, fund managers avoid having to hit a moving target.
The “Projected Universe” (or “statistics” universe) is a dynamic set of bonds that changes
daily to reflect the latest set of Index-eligible securities. As an up-to-date projection of
the next month’s Returns Universe, the Projected Universe assists active managers byproviding them with the necessary insight to modify their portfolios ahead of any Indexchanges and assists passive managers by preparing them for any executions needed
ahead of monthly rebalancing. Indicative changes to securities are reflected daily inboth the Projected and Returns Universes of the Index and may cause bonds to enteror fall out of the Projected Universe, but will affect the composition of the Returns
Universe only at month-end.
Pricing
Once the universe of securities for a particular Index is determined, most constituentsare priced using Bloomberg’s own evaluated pricing service, BVAL. The high quality ofindex pricing is maintained by employing a variety of statistical techniques applied on
day-to-day movements and point-in-time levels using tolerance bands set at the issuer,
sector, quality and maturity levels. Possible outliers resulting from the verification
process are resolved by the index team dedicated to pricing validation. Index users
may also challenge price levels, which are then reviewed by the pricing team. If a
discrepancy arises, prices may be adjusted on a going forward basis.
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)]

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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.

A Bloomberg Professional Services offering

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

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

A benchmark statement shallcontain at least the proceduresfor 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)]

To the extent a material error in Index values, input or non-input data (e.g. Volume data)
is uncovered following Index publication and dissemination, a notification will be sent
to Index clients alerting them of such error and the expected date of a revised
publication, if warranted. BISL considers the following factors to determine whether torestate and the nature of that restatement. Not all conditions need to be present towarrant 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 theerror; andThe 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 the identificationof potential limitations of thebenchmark, including its
operation in illiquid orfragmented markets and thepossible 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 Article 1,
for a regulated-data benchmark
or, where applicable, family of
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benchmark 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.

1. In addition to the information
to be included pursuant to
Article 1, for an interest ratebenchmark or, where applicable,family of interest ratebenchmarks, the benchmark
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 theBloomberg AusBond and NZBond Indices10

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benchmark, or family ofbenchmarks as prescribed by
Article 19 of that Regulation;(b) include an explanation as towhy Title II of or, as the case may
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
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, thebenchmark 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.
[RTS 5]

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Annex 1

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Annex 2 – Environmental, Social & Governance (ESG) 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.

AusBond and NZBond Indices

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 aggregatedlevel.
The ESG factors shall be disclosed at an aggregated weighted average value at the level of the family of benchmarks.

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 PARIS AGREEMENT

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 each benchmark, 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 of reducingb) the temperature scenario, in
carbon emissions or the attainment of the objectives of the Paris Agreement
accordance with international
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 no temperaturec) the name of the provider of the
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 to measurealignment with a temperature scenario as no temperature scenario is used

Not applicable. There is no temperature scenario used.

June 2024 – Confirmation of current information

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Bloomberg Index Services Limited

A Bloomberg Professional Services offering

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