4622

6060Reductionof 24%

0

2000

4000

6000

Footprint date October 2016

Scop

e 1+

2+3

tCO

2e /

$m In

vest

ed

90

100

110

120

130

140

150

2012 2013 2014 2015 2016 2017

1Y Returns

3Y Returns

5Y Returns

3Y Ann. Returns

5Y Ann. Returns

3Y Ann. StdDev

5Y Ann. StdDev

3Y Return/

Risk Ratio

5Y Return/

Risk Ratio

Tracking Error

Avg. ET Carbon

Rank

ET BRICS 300 Low Carbon Tracker 27.25% 23.77% 44.55% 7.37% 7.65% 17.78% 16.38% 0.41 0.47 0.80% 123

ET BRICS 300 27.68% 20.33% 38.54% 6.36% 6.74% 17.75% 16.35% 0.36 0.41 - 138

MSCI BRIC 30.96% 10.45% 27.42% 3.37% 4.97% 19.18% 17.73% 0.18 0.28 - -

ET BRICS 300 LOW CARBON TRACKER INDEX

Carbon Emissions Intensity ReductionPerformance Chart

Performance Statistics

• Universe: The ET BRICS 300 Index represents the largest 300 stocks in the BRICS.

• Objective: The index can be used in the creation of index tracking funds, derivatives and as a performance benchmark.

• Strategy: Tracks the ET BRICS 300 Index as closely as possible while applying the Engaged Tracking (ET) approach to reduce

carbon exposure.

• Engagement: ET Index Research directly engages with constituent companies on behalf of ET Investors to lower emissions and

improve disclosure as part of the public ET Carbon Ranking process.

• Investability: Stocks are selected and weighted to ensure that the index is investable.

• Classification: Index constituents are assigned to sectors in accordance with the Sustainable Industry Classification SystemTM

(SICSTM) from the Sustainability Accounting Standards BoardTM (SASBTM).

May 31st 2017

Top 10 Constituent Weights

0.0

0.4

0.8

1.2

0 100 200 300ET Carbon Rank

Rew

eigh

t Fac

tor

Name ET BRICS 300ET BRICS 300 Low Carbon

Tracker

ET Carbon Rank*

TENCENT 4.19% 4.54% 102

PETROCHINA CO 5.35% 4.29% 232

BANK OF CHINA 3.76% 4.23% 84

CHINA LIFE INSURANCE CO 2.71% 3.39% 25

ALIBABA GR 3.46% 3.17% 180

AIA GR 2.07% 2.60% 23

CHINA CONSTRUCTION BANK 2.14% 2.47% 69

PING AN INSURANCE GROUP 1.75% 2.19% 24

CHINA PETROLEUM & CHEM. 2.53% 2.04% 231

CHINA MOBILE 1.68% 1.85% 94

Constituent Reweights by ET Carbon Rank

*ET Carbon Rank denotes the relative rank specifically calculated for this universe. Depending on the index strategy this may differ from the public ET Carbon Rank.

ET BRICS 300 indicates the original version of the index or fund prior to optimisation by ET Index Research - unless specified it is market capitalisation weighted. Carbon emissions intensity data comes from

ET Index Research. Index performance is based on Total Reurns.

Data source: Bloomberg & ET Index Research Data source: ET Index Research

Data source: ET Index ResearchData source: ET Index Research

ET BRICS Low Carbon Tracker ET BRICS MSCI BRIC

Consumption IConsumption II

FinancialsHealth Care

InfrastructureNon−Renewable Resources

Renewable Resources and Alternative EnergyResource Transformation

ServicesTechnology and Communications

Transportation

0 5 10 15 20 25 30 35 40Sector Weight (%)

ET BRICS 300 Low Carbon Tracker ET BRICS 300

Country WeightsSector Weights

Country ET BRICS 300ET BRICS 300 Low Carbon

TrackerChina 63.8% 63.9%

Hong Kong 14.5% 14.6%

India 12.4% 12.1%

South Africa 5.3% 5.4%

Brazil 2.6% 2.8%

Russian Federation 0.9% 0.9%

Macao 0.4% 0.4%

The Engaged Tracking (ET) Index Series incorporates engagement with constituent companies to improve transparency and lower emissions on behalf of ET Investor clients. Constituent weightings within the ET Low Carbon Index Series and the Fossil Free Low Carbon Index Series are based on a company’s position in the fully transparent, public ET Carbon Rankings. The ET Index Series includes Scope 3 emissions (which typically account for 75% of emissions) and comes with a variety of tracking error and emissions intensity reduction options to suit the needs of all investors.

About ET Index Research Investment Strategies

Visit etindex.com to view the ET Carbon Rankings online.ET Index Research

Level39, One Canada Square,Canary Wharf, London, E14 5AB

Tel: +44 (0)207 460 1001info@etindex.comwww.etindex.com

Characteristics

Currency USD

Number of Constituents 299

Review Dates Annually in December

ET Carbon Rankings

Data source: SASBTM SICSTM & ET Index Research Data source: Bloomberg & ET Index Research

3176

6060Reductionof 48%

0

2000

4000

6000

Footprint date October 2016

Scop

e 1+

2+3

tCO

2e /

$m In

vest

ed

90

100

110

120

130

140

150

160

2012 2013 2014 2015 2016 2017

1Y Returns

3Y Returns

5Y Returns

3Y Ann. Returns

5Y Ann. Returns

3Y Ann. StdDev

5Y Ann. StdDev

3Y Return/

Risk Ratio

5Y Return/

Risk Ratio

Tracking Error

Avg. ET Carbon

Rank

ET BRICS 300 Low Carbon Benchmark 27.14% 27.41% 51.04% 8.41% 8.60% 17.76% 16.37% 0.47 0.53 1.53% 123

ET BRICS 300 27.68% 20.33% 38.54% 6.36% 6.74% 17.75% 16.35% 0.36 0.41 - 138

MSCI BRIC 30.96% 10.45% 27.42% 3.37% 4.97% 19.18% 17.73% 0.18 0.28 - -

ET BRICS 300 LOW CARBON BENCHMARK INDEX

Carbon Emissions Intensity ReductionPerformance Chart

Performance Statistics

• Universe: The ET BRICS 300 Index represents the largest 300 stocks in the BRICS.

• Objective: The index can be used in the creation of index tracking funds, derivatives and as a performance benchmark.

• Strategy: A balanced Engaged Tracking (ET) approach with a carbon exposure reduction target equal to the midpoint between the

ET Low Carbon Tracker and Transition Indexes.

• Engagement: ET Index Research directly engages with constituent companies on behalf of ET Investors to lower emissions and

improve disclosure as part of the public ET Carbon Ranking process.

• Investability: Stocks are selected and weighted to ensure that the index is investable.

• Classification: Index constituents are assigned to sectors in accordance with the Sustainable Industry Classification SystemTM

(SICSTM) from the Sustainability Accounting Standards BoardTM (SASBTM).

May 31st 2017

Top 10 Constituent Weights

0.0

0.5

1.0

1.5

0 100 200 300ET Carbon Rank

Rew

eigh

t Fac

tor

Name ET BRICS 300ET BRICS 300 Low Carbon Benchmark

ET Carbon Rank*

TENCENT 4.19% 4.85% 102

BANK OF CHINA 3.76% 4.65% 84

CHINA LIFE INSURANCE CO 2.71% 4.04% 25

PETROCHINA CO 5.35% 3.22% 232

AIA GR 2.07% 3.10% 23

ALIBABA GR 3.46% 2.85% 180

CHINA CONSTRUCTION BANK 2.14% 2.78% 69

PING AN INSURANCE GROUP 1.75% 2.61% 24

CHINA MOBILE 1.68% 2.00% 94

HDFC BANK LIMITED 1.19% 1.59% 59

Constituent Reweights by ET Carbon Rank

*ET Carbon Rank denotes the relative rank specifically calculated for this universe. Depending on the index strategy this may differ from the public ET Carbon Rank.

ET BRICS 300 indicates the original version of the index or fund prior to optimisation by ET Index Research - unless specified it is market capitalisation weighted. Carbon emissions intensity data comes from

ET Index Research. Index performance is based on Total Reurns.

Data source: Bloomberg & ET Index Research Data source: ET Index Research

Data source: ET Index ResearchData source: ET Index Research

ET BRICS 300 Low Carbon Benchmark ET BRICS 300 MSCI BRIC

Consumption IConsumption II

FinancialsHealth Care

InfrastructureNon−Renewable Resources

Renewable Resources and Alternative EnergyResource Transformation

ServicesTechnology and Communications

Transportation

0 5 10 15 20 25 30 35 40 45 50Sector Weight (%)

ET BRICS 300 Low Carbon Benchmark ET BRICS 300

Country WeightsSector Weights

Country ET BRICS 300ET BRICS 300 Low Carbon Benchmark

China 63.8% 63.6%

Hong Kong 14.5% 14.6%

India 12.4% 12.4%

South Africa 5.3% 5.3%

Brazil 2.6% 3.0%

Russian Federation 0.9% 0.8%

Macao 0.4% 0.3%

The Engaged Tracking (ET) Index Series incorporates engagement with constituent companies to improve transparency and lower emissions on behalf of ET Investor clients. Constituent weightings within the ET Low Carbon Index Series and the Fossil Free Low Carbon Index Series are based on a company’s position in the fully transparent, public ET Carbon Rankings. The ET Index Series includes Scope 3 emissions (which typically account for 75% of emissions) and comes with a variety of tracking error and emissions intensity reduction options to suit the needs of all investors.

About ET Index Research Investment Strategies

Visit etindex.com to view the ET Carbon Rankings online.ET Index Research

Level39, One Canada Square,Canary Wharf, London, E14 5AB

Tel: +44 (0)207 460 1001info@etindex.comwww.etindex.com

Characteristics

Currency USD

Number of Constituents 299

Review Dates Annually in December

ET Carbon Rankings

Data source: SASBTM SICSTM & ET Index Research Data source: Bloomberg & ET Index Research

1846

6060Reductionof 70%

0

2000

4000

6000

Footprint date October 2016

Scop

e 1+

2+3

tCO

2e /

$m In

vest

ed

90

100

110

120

130

140

150

160

170

2012 2013 2014 2015 2016 2017

1Y Returns

3Y Returns

5Y Returns

3Y Ann. Returns

5Y Ann. Returns

3Y Ann. StdDev

5Y Ann. StdDev

3Y Return/

Risk Ratio

5Y Return/

Risk Ratio

Tracking Error

Avg. ET Carbon

Rank

ET BRICS 300 Low Carbon Transition 27.02% 30.80% 57.25% 9.36% 9.48% 17.79% 16.40% 0.53 0.58 2.22% 123

ET BRICS 300 27.68% 20.33% 38.54% 6.36% 6.74% 17.75% 16.35% 0.36 0.41 - 138

MSCI BRIC 30.96% 10.45% 27.42% 3.37% 4.97% 19.18% 17.73% 0.18 0.28 -

ET BRICS 300 LOW CARBON TRANSITION INDEX

Carbon Emissions Intensity ReductionPerformance Chart

Performance Statistics

• Universe: The ET BRICS 300 Index represents the largest 300 stocks in the BRICS.

• Objective: The index can be used in the creation of index tracking funds, derivatives and as a performance benchmark.

• Strategy: Greatest reduction in carbon exposure within the ET Low Carbon Index Series.

• Engagement: ET Index Research directly engages with constituent companies on behalf of ET Investors to lower emissions and

improve disclosure as part of the public ET Carbon Ranking process.

• Investability: Stocks are selected and weighted to ensure that the index is investable.

• Classification: Index constituents are assigned to sectors in accordance with the Sustainable Industry Classification SystemTM

(SICSTM) from the Sustainability Accounting Standards BoardTM (SASBTM).

May 31st 2017

Top 10 Constituent Weights

0.0

0.5

1.0

1.5

2.0

0 100 200 300ET Carbon Rank

Rew

eigh

t Fac

tor

Name ET BRICS 300ET BRICS 300 Low Carbon

Transition

ET Carbon Rank*

TENCENT 4.19% 5.14% 102

BANK OF CHINA 3.76% 5.04% 84

CHINA LIFE INSURANCE CO 2.71% 4.63% 25

AIA GR 2.07% 3.56% 23

CHINA CONSTRUCTION BANK 2.14% 3.06% 69

PING AN INSURANCE GROUP 1.75% 2.99% 24

ALIBABA GR 3.46% 2.57% 180

PETROCHINA CO 5.35% 2.23% 232

CHINA MOBILE 1.68% 2.14% 94

HDFC BANK LIMITED 1.19% 1.77% 59

Constituent Reweights by ET Carbon Rank

*ET Carbon Rank denotes the relative rank specifically calculated for this universe. Depending on the index strategy this may differ from the public ET Carbon Rank.

ET BRICS 300 indicates the original version of the index or fund prior to optimisation by ET Index Research - unless specified it is market capitalisation weighted. Carbon emissions intensity data comes from

ET Index Research. Index performance is based on Total Reurns.

Data source: Bloomberg & ET Index Research Data source: ET Index Research

Data source: ET Index ResearchData source: ET Index Research

ET BRICS 300 Low Carbon Transition ET BRICS 300 MSCI BRIC

Consumption IConsumption II

FinancialsHealth Care

InfrastructureNon−Renewable Resources

Renewable Resources and Alternative EnergyResource Transformation

ServicesTechnology and Communications

Transportation

0 5 10 15 20 25 30 35 40 45 50 55Sector Weight (%)

ET BRICS 300 Low Carbon Transition ET BRICS 300

Country WeightsSector Weights

Country ET BRICS 300ET BRICS 300 Low Carbon

TransitionChina 63.8% 63.2%

Hong Kong 14.5% 14.7%

India 12.4% 12.6%

South Africa 5.3% 5.3%

Brazil 2.6% 3.2%

Russian Federation 0.9% 0.8%

Macao 0.4% 0.2%

The Engaged Tracking (ET) Index Series incorporates engagement with constituent companies to improve transparency and lower emissions on behalf of ET Investor clients. Constituent weightings within the ET Low Carbon Index Series and the Fossil Free Low Carbon Index Series are based on a company’s position in the fully transparent, public ET Carbon Rankings. The ET Index Series includes Scope 3 emissions (which typically account for 75% of emissions) and comes with a variety of tracking error and emissions intensity reduction options to suit the needs of all investors.

About ET Index Research Investment Strategies

Visit etindex.com to view the ET Carbon Rankings online.ET Index Research

Level39, One Canada Square,Canary Wharf, London, E14 5AB

Tel: +44 (0)207 460 1001info@etindex.comwww.etindex.com

Characteristics

Currency USD

Number of Constituents 298

Review Dates Annually in December

ET Carbon Rankings

Data source: SASBTM SICSTM & ET Index Research Data source: Bloomberg & ET Index Research

3034

6060Reductionof 50%

0

2000

4000

6000

Footprint date October 2016

Scop

e 1+

2+3

tCO

2e /

$m In

vest

ed

90

100

110

120

130

140

150

160

170

2012 2013 2014 2015 2016 2017

1Y Returns

3Y Returns

5Y Returns

3Y Ann. Returns

5Y Ann. Returns

3Y Ann. StdDev

5Y Ann. StdDev

3Y Return/

Risk Ratio

5Y Return/

Risk Ratio

Tracking Error

Avg. ET Carbon

Rank

ET BRICS 300 Fossil Free Tracker 28.05% 32.79% 59.82% 9.91% 9.83% 17.63% 16.21% 0.56 0.61 2.58% 109

ET BRICS 300 27.68% 20.33% 38.54% 6.36% 6.74% 17.75% 16.35% 0.36 0.41 - 143

MSCI BRIC 30.96% 10.45% 27.42% 3.37% 4.97% 19.18% 17.73% 0.18 0.28 - -

ET BRICS 300 FOSSIL FREE LOW CARBON TRACKER INDEX

Carbon Emissions Intensity ReductionPerformance Chart

Performance Statistics

• Universe: The ET BRICS 300 Index represents the largest 300 stocks in the BRICS.

• Objective: The index can be used in the creation of index tracking funds, derivatives and as a performance benchmark.

• Strategy: Combines divestment with Engaged Tracking (ET) to exlude fossil-fuel stocks and significantly reduce carbon exposure

across all remaining constituent companies while tracking the ET BRICS 300 Index as closely as possible.

• Engagement: ET Index Research directly engages with constituent companies on behalf of ET Investors to lower emissions and

improve disclosure as part of the public ET Carbon Ranking process.

• Investability: Stocks are selected and weighted to ensure that the index is investable.

• Classification: Index constituents are assigned to sectors in accordance with the Sustainable Industry Classification SystemTM

(SICSTM) from the Sustainability Accounting Standards BoardTM (SASBTM).

May 31st 2017

Top 10 Constituent Weights

0.0

0.5

1.0

1.5

0 100 200 300ET Carbon Rank

Rew

eigh

t Fac

tor

Name ET BRICS 300ET BRICS 300

Fossil Free Tracker

ET Carbon Rank*

TENCENT 4.19% 5.01% 102

BANK OF CHINA 3.76% 4.67% 84

CHINA LIFE INSURANCE CO 2.71% 3.78% 25

ALIBABA GR 3.46% 3.45% 180

AIA GR 2.07% 2.90% 23

CHINA CONSTRUCTION BANK 2.14% 2.74% 69

PING AN INSURANCE GROUP 1.75% 2.44% 24

CHINA MOBILE 1.68% 2.04% 94

NASPERS 1.91% 1.82% 196

HDFC BANK LIMITED 1.19% 1.55% 59

Constituent Reweights by ET Carbon Rank

*ET Carbon Rank denotes the relative rank specifically calculated for this universe. Depending on the index strategy this may differ from the public ET Carbon Rank.

ET BRICS 300 indicates the original version of the index or fund prior to optimisation by ET Index Research - unless specified it is market capitalisation weighted. Carbon emissions intensity data comes from

ET Index Research. Index performance is based on Total Reurns.

Data source: Bloomberg & ET Index Research Data source: ET Index Research

Data source: ET Index ResearchData source: ET Index Research

ET BRICS 300 Fossil Free Tracker ET BRICS 300 MSCI BRIC

Consumption IConsumption II

FinancialsHealth Care

InfrastructureNon−Renewable Resources

Renewable Resources and Alternative EnergyResource Transformation

ServicesTechnology and Communications

Transportation

0 5 10 15 20 25 30 35 40 45Sector Weight (%)

ET BRICS 300 Fossil Free Tracker ET BRICS 300

Country WeightsSector Weights

Country ET BRICS 300ET BRICS 300

Fossil Free Tracker

China 63.8% 61.9%

Hong Kong 14.5% 16.2%

India 12.4% 12.1%

South Africa 5.3% 5.5%

Brazil 2.6% 2.9%

Russian Federation 0.9% 0.9%

Macao 0.4% 0.4%

The Engaged Tracking (ET) Index Series incorporates engagement with constituent companies to improve transparency and lower emissions on behalf of ET Investor clients. Constituent weightings within the ET Low Carbon Index Series and the Fossil Free Low Carbon Index Series are based on a company’s position in the fully transparent, public ET Carbon Rankings. The ET Index Series includes Scope 3 emissions (which typically account for 75% of emissions) and comes with a variety of tracking error and emissions intensity reduction options to suit the needs of all investors.

About ET Index Research Investment Strategies

Visit etindex.com to view the ET Carbon Rankings online.ET Index Research

Level39, One Canada Square,Canary Wharf, London, E14 5AB

Tel: +44 (0)207 460 1001info@etindex.comwww.etindex.com

Characteristics

Currency USD

Number of Constituents 283

Review Dates Annually in December

ET Carbon Rankings

Data source: SASBTM SICSTM & ET Index Research Data source: Bloomberg & ET Index Research

1988

6060Reductionof 68%

0

2000

4000

6000

Footprint date October 2016

Scop

e 1+

2+3

tCO

2e /

$m In

vest

ed

90

100

110

120

130

140

150

160

170

2012 2013 2014 2015 2016 2017

1Y Returns

3Y Returns

5Y Returns

3Y Ann. Returns

5Y Ann. Returns

3Y Ann. StdDev

5Y Ann. StdDev

3Y Return/

Risk Ratio

5Y Return/

Risk Ratio

Tracking Error

Avg. ET Carbon

Rank

ET BRICS 300 Fossil Free Benchmark 27.89% 33.54% 62.20% 10.12% 10.16% 17.73% 16.32% 0.57 0.62 2.66% 109

ET BRICS 300 27.68% 20.33% 38.54% 6.36% 6.74% 17.75% 16.35% 0.36 0.41 - 143

MSCI BRIC 30.96% 10.45% 27.42% 3.37% 4.97% 19.18% 17.73% 0.18 0.28 - -

ET BRICS 300 FOSSIL FREE LOW CARBON BENCHMARK INDEX

Carbon Emissions Intensity ReductionPerformance Chart

Performance Statistics

• Universe: The ET BRICS 300 Index represents the largest 300 stocks in the BRICS.

• Objective: The index can be used in the creation of index tracking funds, derivatives and as a performance benchmark.

• Strategy: Combines divestment with Engaged Tracking (ET) to exclude fossil-fuel stocks and significantly reduce carbon exposure

across all remaining constituent companies to a midpoint between the ET Fossil Free Low Carbon Tracker and Transition Indexes.

• Engagement: ET Index Research directly engages with constituent companies on behalf of ET Investors to lower emissions and

improve disclosure as part of the public ET Carbon Ranking process.

• Investability: Stocks are selected and weighted to ensure that the index is investable.

• Classification: Index constituents are assigned to sectors in accordance with the Sustainable Industry Classification SystemTM

(SICSTM) from the Sustainability Accounting Standards BoardTM (SASBTM).

May 31st 2017

Top 10 Constituent Weights

0.0

0.5

1.0

1.5

2.0

0 100 200 300ET Carbon Rank

Rew

eigh

t Fac

tor

Name ET BRICS 300ET BRICS 300

Fossil Free Benchmark

ET Carbon Rank*

TENCENT 4.19% 5.21% 102

BANK OF CHINA 3.76% 5.01% 84

CHINA LIFE INSURANCE CO 2.71% 4.41% 25

AIA GR 2.07% 3.39% 23

CHINA CONSTRUCTION BANK 2.14% 3.01% 69

ALIBABA GR 3.46% 2.96% 180

PING AN INSURANCE GROUP 1.75% 2.85% 24

CHINA MOBILE 1.68% 2.15% 94

HDFC BANK LIMITED 1.19% 1.73% 59

NASPERS 1.91% 1.48% 196

Constituent Reweights by ET Carbon Rank

*ET Carbon Rank denotes the relative rank specifically calculated for this universe. Depending on the index strategy this may differ from the public ET Carbon Rank.

ET BRICS 300 indicates the original version of the index or fund prior to optimisation by ET Index Research - unless specified it is market capitalisation weighted. Carbon emissions intensity data comes from

ET Index Research. Index performance is based on Total Reurns.

Data source: Bloomberg & ET Index Research Data source: ET Index Research

Data source: ET Index ResearchData source: ET Index Research

ET BRICS 300 Fossil Free Benchmark ET BRICS 300 MSCI BRIC

Consumption IConsumption II

FinancialsHealth Care

InfrastructureNon−Renewable Resources

Renewable Resources and Alternative EnergyResource Transformation

ServicesTechnology and Communications

Transportation

0 5 10 15 20 25 30 35 40 45 50Sector Weight (%)

ET BRICS 300 Fossil Free Benchmark ET BRICS 300

Country WeightsSector Weights

Country ET BRICS 300ET BRICS 300

Fossil Free Benchmark

China 63.8% 62.1%

Hong Kong 14.5% 15.8%

India 12.4% 12.4%

South Africa 5.3% 5.4%

Brazil 2.6% 3.0%

Russian Federation 0.9% 0.9%

Macao 0.4% 0.3%

The Engaged Tracking (ET) Index Series incorporates engagement with constituent companies to improve transparency and lower emissions on behalf of ET Investor clients. Constituent weightings within the ET Low Carbon Index Series and the Fossil Free Low Carbon Index Series are based on a company’s position in the fully transparent, public ET Carbon Rankings. The ET Index Series includes Scope 3 emissions (which typically account for 75% of emissions) and comes with a variety of tracking error and emissions intensity reduction options to suit the needs of all investors.

About ET Index Research Investment Strategies

Visit etindex.com to view the ET Carbon Rankings online.ET Index Research

Level39, One Canada Square,Canary Wharf, London, E14 5AB

Tel: +44 (0)207 460 1001info@etindex.comwww.etindex.com

Characteristics

Currency USD

Number of Constituents 283

Review Dates Annually in December

ET Carbon Rankings

Data source: SASBTM SICSTM & ET Index Research Data source: Bloomberg & ET Index Research

1059

6060Reductionof 83%

0

2000

4000

6000

Footprint date October 2016

Scop

e 1+

2+3

tCO

2e /

$m In

vest

ed

90

100

110

120

130

140

150

160

170

2012 2013 2014 2015 2016 2017

1Y Returns

3Y Returns

5Y Returns

3Y Ann. Returns

5Y Ann. Returns

3Y Ann. StdDev

5Y Ann. StdDev

3Y Return/

Risk Ratio

5Y Return/

Risk Ratio

Tracking Error

Avg. ET Carbon

Rank

ET BRICS 300 Fossil Free Transition 27.75% 34.18% 64.28% 10.30% 10.44% 17.82% 16.43% 0.58 0.64 2.80% 109

ET BRICS 300 27.68% 20.33% 38.54% 6.36% 6.74% 17.75% 16.35% 0.36 0.41 - 143

MSCI BRIC 30.96% 10.45% 27.42% 3.37% 4.97% 19.18% 17.73% 0.18 0.28 - -

ET BRICS 300 FOSSIL FREE LOW CARBON TRANSITION INDEX

Carbon Emissions Intensity ReductionPerformance Chart

Performance Statistics

• Universe: The ET BRICS 300 Index represents the largest 300 stocks in the BRICS.

• Objective: The index can be used in the creation of index tracking funds, derivatives and as a performance benchmark.

• Strategy: Combines divestment with Engaged Tracking (ET) to exclude fossil-fuel stocks and provide the greatest reduction in

carbon exposure across all remaining constituent companies.

• Engagement: ET Index Research directly engages with constituent companies on behalf of ET Investors to lower emissions and

improve disclosure as part of the public ET Carbon Ranking process.

• Investability: Stocks are selected and weighted to ensure that the index is investable.

• Classification: Index constituents are assigned to sectors in accordance with the Sustainable Industry Classification SystemTM

(SICSTM) from the Sustainability Accounting Standards BoardTM (SASBTM).

May 31st 2017

Top 10 Constituent Weights

0.0

0.5

1.0

1.5

2.0

0 100 200 300ET Carbon Rank

Rew

eigh

t Fac

tor

Name ET BRICS 300ET BRICS 300

Fossil Free Transition

ET Carbon Rank*

TENCENT 4.19% 5.38% 102

BANK OF CHINA 3.76% 5.32% 84

CHINA LIFE INSURANCE CO 2.71% 4.97% 25

AIA GR 2.07% 3.82% 23

CHINA CONSTRUCTION BANK 2.14% 3.25% 69

PING AN INSURANCE GROUP 1.75% 3.22% 24

ALIBABA GR 3.46% 2.53% 180

CHINA MOBILE 1.68% 2.25% 94

HDFC BANK LIMITED 1.19% 1.89% 59

HOUSING DEV. FINANCE 0.84% 1.60% 15

Constituent Reweights by ET Carbon Rank

*ET Carbon Rank denotes the relative rank specifically calculated for this universe. Depending on the index strategy this may differ from the public ET Carbon Rank.

ET BRICS 300 indicates the original version of the index or fund prior to optimisation by ET Index Research - unless specified it is market capitalisation weighted. Carbon emissions intensity data comes from

ET Index Research. Index performance is based on Total Reurns.

Data source: Bloomberg & ET Index Research Data source: ET Index Research

Data source: ET Index ResearchData source: ET Index Research

ET BRICS 300 Fossil Free Transition ET BRICS 300 MSCI BRIC

Consumption IConsumption II

FinancialsHealth Care

InfrastructureNon−Renewable Resources

Renewable Resources and Alternative EnergyResource Transformation

ServicesTechnology and Communications

Transportation

0 5 10 15 20 25 30 35 40 45 50 55Sector Weight (%)

ET BRICS 300 Fossil Free Transition ET BRICS 300

Country WeightsSector Weights

Country ET BRICS 300ET BRICS 300

Fossil Free Transition

China 63.8% 62.3%

Hong Kong 14.5% 15.4%

India 12.4% 12.7%

South Africa 5.3% 5.4%

Brazil 2.6% 3.2%

Russian Federation 0.9% 0.8%

Macao 0.4% 0.2%

The Engaged Tracking (ET) Index Series incorporates engagement with constituent companies to improve transparency and lower emissions on behalf of ET Investor clients. Constituent weightings within the ET Low Carbon Index Series and the Fossil Free Low Carbon Index Series are based on a company’s position in the fully transparent, public ET Carbon Rankings. The ET Index Series includes Scope 3 emissions (which typically account for 75% of emissions) and comes with a variety of tracking error and emissions intensity reduction options to suit the needs of all investors.

About ET Index Research Investment Strategies

Visit etindex.com to view the ET Carbon Rankings online.ET Index Research

Level39, One Canada Square,Canary Wharf, London, E14 5AB

Tel: +44 (0)207 460 1001info@etindex.comwww.etindex.com

Characteristics

Currency USD

Number of Constituents 282

Review Dates Annually in December

ET Carbon Rankings

Data source: SASBTM SICSTM & ET Index Research Data source: Bloomberg & ET Index Research