October 1, 2021

FTSE Russell - End User Terms 2021

FTSE RUSSELL Required Contract Terms

via Agreements Dated October 1, 2021

Applies to the following indices:

FTSE INTERNATIONAL LIMITED

·      FTSE “Standard” Indexes

·      FTSE “Partner” Indexes

·      FTSE “Fixed Income” Indices

·      ICB Data

·      FTSE Infrastructure Global Index Series: all

·      FTSE Global All Cap Index Series: constituents only

·      FTSE NAREIT US Real Estate Index Series: all

·      FTSE RAFI Index Series: all

·      FTSE UK Index Series: Constituents only

·      FTSE Global All-World Index Series: Constituents only

·      FTSE Global Factor Index Series: all

·      FTSE Global Minimum Variance Index Series: all

·      FTSE EPRA/NAREIT Global Index Series

FRANK RUSSELL COMPANY

·       Russell US Index series (Standard)

·       Russell Stability Index Series (Standard)

·      Russell Frontier (Standard)

·      Russell Indexes – Standard Service

·      Russell Microcap Indexes – Standard

·      Russell RAFI Indexes – Premier Service

FTSE FIXED INCOME LLC

·      FTSE Fixed Income – Daily Returns & Profile (monthly)

·      FTSE FI Americas Index Series: sectors/values and constituents

·      FTSE FI Global Index Series: sectors/values and constituents

·      FTSE FI Pension Liability Index: Discount Rate (%), Duration and Monthly Return (%)

·      FTSE FI Pension Liability Index – Intermediate: Discount Rate (%), Duration and Monthly Return (%)

·      FTSE FI Pension Liability Index – Short: Discount Rate (%), Duration and Monthly Return (%)

 

1.   All End Users shall only be permitted to view the Data licensed under a Services Contract between Licensee and Licensor internally. No other use of Data shall be permitted.

2.  For the avoidance of doubt (but without limitation to the foregoing):

       (a)    the End User shall not copy, store, sell, license, distribute, transmit or duplicate to any third party or to any person (including within the End User's organisation) any Data or any part thereof in any form or by any means;

       (b)    the End User shall not derive, recalculate, combine with other data or otherwise modify the Data, create history and/or distribute such derived, recalculated, combined or modified Data or history to any third party;

       (c)    the End User shall not make the Data available on any website or in an application, or to the public via the internet or otherwise;

       (d)    the End User shall not use the Data for the purpose of:

                 (i)   creating and/or operating (whether by itself or by any third party) any financial product, index or service which seeks to match the performance of or whose capital and/or income value is related to the Data or any part thereof;

                 (ii)   creating and/or operating (whether by itself or by any third party) any financial product, index or service the performance of which is linked to the performance of a third party's product, index or service which, in turn, seeks to match the performance of or whose capital and/or income valueis related to the Data or any part thereof (and whether or not such third party is licensed by the Licensor to do so); or

                (iii)   generally exploiting the Data in a manner designed to benefit the End User or any third party (including the creation of any product or service).

      (e)    the End User shall not take a snapshot of any Real Time or Delayed Data or designate or refer to any Index Values within such Data as being an end of day value or closing price;

       (f)    the End User shall not use the Marks or remove any copyright or proprietary notices incorporated into the Data and the End User shall acknowledge that the Licensor and/or any relevant third party information providers are the owners of the intellectual property rights in, and relatingto, the Data;

       (g)    the End User shall not use the Data in any way or for any purpose that would require a separate licence from the Licensor or any other person;and

       (h)     the End User shall not permit, or purport to permit, any thirdparty to do any of the foregoing.

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