Data vendor disclaimers

Bank of America (excluding Fixed Income)
Bank of America Merrill Lynch and its derivative and related logos are trademarks of Bank of America Corporation. Other trademarks are owned by their respective owners. ©2024, Bank of America Corporation. All rights reserved. The BofAML indices, including all trademarks and service marks relating to BofAML, remains the intellectual property of Bank of America Corporation.

Bloomberg Indices
Bloomberg Index Services Limited.

Bloomberg Market Data
Additional Terms

1. The Recipient shall not use the Market Data for any purpose independent of the following services provided to it by the Pictet Entities:

• Record-keeping and registration;
• Transaction processing and settlement;
• Position reporting;
• Net Asset Value ("NAV") calculations and NAV reporting; and/or
• Correspondent banking

2. The Recipient represents and warrants it is not a competitor of Bloomberg and/or its affiliates.

3. If the Recipient is located in Australia and receives BVAL Market Data through the services provided by the Pictet Entities it shall be a wholesale client within the meaning of s761G or s761GA of the Australian Corporations Act.

4. If the Recipient has engaged a subadvisor to help manage certain of its funds, then it may distribute or make available Market Data to the subadvisor; provided, that the Recipient (i) ensures that the subadvisor uses such Market Data solely to verify the NAV calculation and not for any other purpose; and (ii) enter into a written agreement with the subadvisor which requires the subadvisor to comply with (A) part (i) of this sentence and (B) with the Specific Terms and Conditions as though the subadvisor were the “Recipient” in those provisions. Except explicitly permitted herein, no other external distribution of Data by the Recipient is permitted.

CME-WTI
Used with permission from CME Group Inc. 2024

EMMI-Euribor
Euribor®, Eonia® and Eurepo® are registered trademarks of EMMI a.i.s.b.l.
All rights reserved. All use of these names must indicate that the index is a registered trademark.

EURONEXT
©2024 Euronext N.V. All Rights Reserved. The information, data, analysis and Information contained herein (i) include the proprietary information of Euronext and its content providers, (ii) may not be copied or further disseminated except as specifically authorized, (iii) do not constitute investment advice, (iv) are provided solely for informational purposes and (v) are not warranted to be complete, accurate or timely.

Federal Reserve of New York
Pictet group is not affiliated with the New York Fed. The New York Fed does not sanction, endorse, or recommend any products or services offered by Pictet Group. The Secured Overnight Financing Rate (SOFR) Data and Broad General Collateral Rate (BGCR) Data are calculated using data provided under a license granted to the New York Fed by DTCC Solutions LLC (“Solutions”), an affiliate of The Depository Trust & Clearing Corporation. Solutions, its affiliates, and third parties from which they obtained data have no liability for the content of this material.

FTSE Russell
London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group [2024]. FTSE Russell is a trading name of certain of the LSE Group companies.  “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” is/are a trade mark(s) of the relevant LSE Group companies and is/are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

FTSE Fixed Income
London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group [2024]. FTSE Russell is a trading name of certain of the LSE Group companies.  “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” is/are a trade mark(s) of the relevant LSE Group companies and is/are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

HANG SENG Indices
The information in this document (the "Information") is compiled by Hang Seng Indexes Company Limited. Neither Hang Seng Indexes Company Limited nor any of its holding companies and subsidiaries provides any warranties of any kind in relation to the Information (including, without limitation, that the Information is fit or suitable for any purpose, or that any person will obtain any particular results by using or relying on the Information) or accepts any responsibility or liability for the accuracy, completeness, timeliness and/or consistency of the Information, or for any loss or damage whatsoever and howsoever suffered or incurred by any person in connection with its use of or reliance on the Information. With the use of or access to the Information, each person receiving the Information irrevocably and unconditionally accept[s] and agree[s] to be bound by this disclaimer. We are not providing the Information as agent of Hang Seng Indexes Company Limited."

HFR
© 2024 Hedge Fund Research, Inc. - All rights reserved. HFR®, HFRI®, HFRX®, HFRQ®, HFRU®, HFRL®, HFR PortfolioScope®, WWW.HEDGEFUNDRESEARCH.COM®, HEDGE FUND RESEARCH®, HFR IndexScope™, and HFR Risk Parity Indices™ are the trademarks of Hedge Fund Research, Inc.This information is obtained from sources that Hedge Fund Research, Inc. considers to be reliable; however, no representation is made as to, and no responsibility or liability is accepted for, the accuracy or completeness of the information. Information contained herein is subject to change at any time without notice. It is not possible to invest directly in a financial index. Exposure represented by an index is available through instruments based on that index. HFR does not sponsor, endorse, sell, promote or manage any investment products.

ICE-BofA
ICE Data Indices, LLC is used with permission. ICE® is a registered trademark of ICE Data Indices, LLC or its affiliates [and BofA® is a registered trademark of Bank of America Corporation licensed by Bank of America Corporation and its affiliates ("BofA"), and may not be used without BofA's prior written approval]. The index data referenced herein is the property of ICE Data Indices, LLC, its affiliates (“ICE Data”) and/or its third party suppliers and, [; along with the ICE BofA trademarks,] has been licensed for use by Pictet. ICE Data and its Third Party Suppliers accept no liability in connection with the use of such index data or marks.

ICE-LIBOR
The index data referenced herein is the property of ICE Data Indices, LLC, its affiliates (“ICE Data”) and/or its Third Party Suppliers and has been licensed for use by Pictet Group. ICE Data and its Third Party Suppliers accept no liability in connection with its use. 

J.P. Morgan
Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan's prior written approval. Copyright 2024, J.P. Morgan Chase & Co. All rights reserved.

Moody’s
Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “Moody’s”). All rights reserved. Moody’s ratings and other information (“Moody’s Information”) are proprietary to Moody’s and/or its licensors and are protected by copyright and other intellectual property laws. Moody’s Information is licensed to Client by Moody’s. MOODY’S INFORMATION MAY NOT BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY’S PRIOR WRITTEN CONSENT.

©2019, Moody’s Corporation, Moody’s InvestorsService, Inc.

MARKIT: PMI data only
Copyright 2024, Markit Economics Limited. All rights reserved and all Intellectual property rights retained by Markit Economics Limited.

MSCI
The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the "MSCI Parties '') expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, fast profits) or any other damages. (www.msci.com).

NASDAQ
Nasdaq®, the relevant NASDAQ indices as mentioned in the applicable reporting or publications of the Pictet group, are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Pictet Group. 

Refinitiv (ex Thomson reuters)
All Refinitiv Indices (“Indices") are proprietary to Refinitiv Limited or any of its affiliates ("Refinitiv”). Refinitiv: (a) does not guarantee any results from using the benchmark of the Indices or the figures or levels at which the Indices stand at any particular day; (b) gives no assurance regarding any change in methodology used in calculating the Indices and is under no obligation to continue the calculation, publication and dissemination of the Indices; (c) does not guarantee the accuracy or completeness of the Indices, nor their computation and compilation; (d) may at any time at its sole discretion change the rules and/or guidelines of the Indices, the process and basis of their computation and compilation and the related formula, constituent benchmarks and other relevant factors; and (e) may disclose information regarding the Indices to others without notice. Refinitiv, its affiliates, officers, employees and agents accept no liability for any errors, omissions or delays in the computation and compilation of the Indices. Anyone that uses, tracks or has products referenced to the Indices does so entirely at their own risk, in full knowledge of this disclaimer and has no recourse to Refinitiv for any loss which may be sustained in using them. The  values shown in the Indices are not an indicative price quotation and the information in this document is not an offer, recommendation or solicitation to buy or sell securities and should not be treated as giving investment advice. For avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any person and Refinitiv.

RICI-Beeland
Rogers International Commodity Index®
“Jim Rogers”, “James Beeland Rogers, Jr.”, and “Rogers” are trademarks and service marks of, and “Rogers International Commodity Index” and “RICI” are registered service marks of, Beeland Interests, Inc., which is owned and controlled by James Beeland Rogers, Jr., and are used subject to license. The personal names and likeness of Jim Rogers/James Beeland Rogers, Jr. are owned and licensed by James Beeland Rogers, Jr. Products based on or linked to the Rogers International Commodity Index® or any sub-index thereof are not sponsored, endorsed, sold or promoted by Beeland Interests, Inc. (“Beeland Interests”) or James Beeland Rogers, Jr. Neither Beeland Interests nor James Beeland Rogers, Jr. makes any representation or warranty, express or implied, nor accepts any responsibility, regarding the accuracy or completeness of this website, or the advisability of investing in securities or commodities generally, or in products based on or linked to the Rogers International Commodity Index® or any sub-index thereof or in futures particularly.

S&P Dow Jones
The "relevant S&P Dow Jones indices as mentioned in the applicable reporting or publications of the Pictet Group" is a product of S&P Dow Jones Indices LLC and/or its affiliates (“SPDJI”) and has been licensed for use by Pictet Group . Standard & Poor’s® is registered trademarks of Standard & Poor’s Financial Services LLC; Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); Third Party Licensor Trademarks are trademarks of the Third Party Licensor and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Pictet Group. Pictet Group’s products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the Pictet Group ‘s Product(s) or any member of the public regarding the advisability of investing in securities generally or in Pictet Group ‘s Product(s) particularly or the ability of the S&P Dow Jones indices to track general market performance. S&P Dow Jones Indices only relationship to Pictet Group with respect to the "relevant S&P Dow Jones indices as mentioned in the applicable reporting or publications of the Pictet Group" is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The "relevant S&P Dow Jones indices as mentioned in the applicable reporting or publications of the Pictet Group" is determined, composed and calculated by S&P Dow Jones Indices without regard to Pictet Group or the Pictet Group ‘s Product(s). S&P Dow Jones Indices have no obligation to take the needs of Pictet Group or the owners of Pictet Group’s products into consideration in determining, composing or calculating the "relevant S&P Dow Jones indices as mentioned in the applicable reporting or publications of the Pictet Group". S&P Dow Jones Indices are responsible for and have not participated in the determination of the prices, and amount of Pictet Group’s products or the timing of the issuance or sale of Pictet Group’s products or in the determination or calculation of the equation by which Pictet Group’s products is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing or trading of Pictet Group’s products. There is no assurance that investment products based on the "relevant S&P Dow Jones indices as mentioned in the applicable reporting or publications of the Pictet Group" will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment or tax advisor. A tax advisor should be consulted to evaluate the impact of any tax-exempt securities on portfolios and the tax consequences of making any particular investment decision. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.

DOW JONES INDICES DOES NOT GUARANTES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE(INCLUDING WITHOUT LIMITATION, COMPLIANCE WITH SGARIAH LAW) OR AS TO RESULTS TO BE OBTAINED BY PICTET GROUP, OWNERS OF THE PICTET GROUP PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBLITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND PICTET GROUP, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

S&P Ratings
Copyright 2024, S&P Global Market Intelligence.
Reproduction of any information, data or material, including ratings (“Content”) in any form is prohibited except with the prior written permission of the relevant party. Such party, its affiliates and suppliers (“Content Providers”) do not guarantee the accuracy, adequacy, completeness, timeliness or availability of any Content and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such Content. In no event shall Content Providers be liable for any damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with any use of the Content. A reference to a particular investment or security, a rating or any observation concerning an investment that is part of the Content is not a recommendation to buy, sell or hold such investment or security, does not address the suitability of an investment or security and should not be relied on as investment advice. Credit ratings are statements of opinions and are not statements of fact.

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

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

TOKYO STOCK EXCHANGE
The TOPIX index Value and the TOPIX index Marks are subject to the propretary rights owned by JPX Market Innovation & Research,Inc.or affiliates of JPX Market Innovation & Research,Inc.