MSCI ACWI ESG Index (USD) The MSCI ACWI ESG Index, a member of the MSCI Global Sustainability Indexes, is a capitalization weighted index that provides exposure to companies with high Environmental, Social and Governance (ESG) performance relative to their sector peers. MSCI ACWI ESG consists of large and mid cap companies across 23 Developed Markets (DM) and 23 Emerging Markets (EM) countries*. The Index is designed for investors seeking a benchmark comprised of companies with strong Sustainability profiles and relatively low tracking error to the underlying equity market. Constituent selection is based on data from MSCI ESG Research. Cumulative Index Performance — Gross Returns (Sep 2007 – Feb 2015) — USD Annual Performance (%) Year MSCI ACWI ESG MSCI ACWI MSCI ACWI ESG MSCI ACWI 5.40 25.13 15.87 -5.77 13.26 35.88 -39.81 4.71 23.44 16.80 -6.86 13.21 35.41 -41.85 2014 2013 150 2012 137.22 2011 128.12 2010 2009 2008 100 50 0 Sep 07 May 08 Dec 08 Aug 09 Mar 10 Oct 10 Jun 11 Jan 12 Sep 12 Apr 13 Nov 13 Jul 14 Feb 15 Index Performance — Gross Returns (%) (February 27, 2015) Fundamentals (February 27, 2015) Annualized MSCI ACWI ESG MSCI ACWI 1 Mo 3 Mo 1 Yr YTD 3 Yr 5 Yr 10 Yr 5.05 5.61 1.92 2.02 8.23 8.11 3.78 3.99 12.92 12.17 11.67 11.29 na na Since Div Yld (%) P/E P/E Fwd P/BV 4.36 3.40 2.34 2.36 18.81 18.13 16.61 16.02 2.44 2.20 Sep 28, 2007 Index Risk and Return Characteristics (September 28, 2007 – February 27, 2015) Annualized Std Dev (%)2 Beta MSCI ACWI ESG MSCI ACWI 0.98 1.00 Tracking Turnover Error (%) (%)1 1.33 0.00 3 Yr 5 Yr 7.30 10.35 14.13 2.68 10.45 14.56 1 Last 12 months 2 Sharpe Ratio2,3 10 Yr 3 Yr 5 Yr 10 Yr na na 1.21 1.14 0.84 0.79 na na Based on monthly gross returns data 3 Maximum Drawdown Since Sep 28, 2007 (%) Period YYYY-MM-DD 0.28 56.82 2007-10-31—2009-03-09 0.23 58.06 2007-10-31—2009-03-09 Based on BBA LIBOR 1M On September 1, 2010 the FTSE KLD indexes transitioned to the MSCI ESG Indexes. The former KLD indexes had multiple third party index calculators over time. Consequently the MSCI ESG index histories have been aggregated and compiled to create a continuous time series from a variety of sources—sources which may have followed different index calculation methodologies in some instances. The MSCI ESG Indexes use ratings and other data supplied by MSCI ESG Research Inc, a subsidiary of MSCI Inc. * DM countries include: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the UK and the US. EM countries include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Russia, Qatar, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. The MSCI ACWI ESG Index was launched on Jun 06, 2013. Data prior to the launch date is back-tested data (i.e. calculations of how the index might have performed over that time period had the index existed). There are frequently material differences between back-tested performance and actual results. Past performance -- whether actual or back-tested -- is no indication or guarantee of future performance. MSCI ACWI ESG Index February 27, 2015 Index Characteristics Top 10 Constituents MSCI ACWI ESG Number of Constituents MSCI ACWI 1,163 Country 2,471 1.5 2.0 0.16 bps 8.60 bps 4.00 bps 0.08 bps 4.05 bps 1.63 bps Parent Sector Index Sector Wt. (%) Wt. (%) JOHNSON & JOHNSON NOVARTIS PROCTER & GAMBLE CO VERIZON COMMUNICATIONS ROCHE HOLDING GENUSS HSBC HOLDINGS (GB) BERKSHIRE HATHAWAY B MERCK & CO INTEL CORP GOOGLE C Total Weight (%) Largest Smallest Average Median Index Wt. (%) Sector Weights US CH US US CH GB US US US US 1.54 1.26 1.22 1.09 1.02 0.91 0.90 0.90 0.87 0.85 10.55 0.76 0.62 0.60 0.54 0.50 0.45 0.44 0.44 0.43 0.42 5.19 Health Care Health Care Cons Staples Telecom Srvcs Health Care Financials Financials Health Care Info Tech Info Tech 11.4 9.4 13.4 24.6 7.6 4.0 4.0 6.7 6.5 6.3 Country Weights 9.1% 10.5% 5.55% 12.53% 3.35% 26.72% 4.1% 5.29% 7.05% 4.42% 8.23% 3.28% 13.41% 22.49% 50.55% 13.44% United States 50.55% Financials 22.49% Information Technology 13.44% Consumer Discretionary 12.53% Materials 5.55% Energy 5.29% Industrials 10.5% Health Care 13.41% Switzerland 3.35% Japan 8.23% United Kingdom 7.05% Canada 4.1% Other 26.72% Consumer Staples 9.1% Telecommunication Services 4.42% Utilities 3.28% Index Methodology The MSCI Global Sustainability indexes apply a Best‐in‐Class selection process to companies in the regional indexes that make up MSCI All Country World Index (ACWI), which consists of large and mid cap securities in developed and emerging markets. The Global Sustainability Indexes target sector weights that reflect the relative sector weights of the underlying indexes to limit the systematic risk introduced by the ESG selection process. The methodology aims to include securities of companies with the highest ESG ratings representing 50% of the market capitalization in each sector of the Parent Index. The regional indexes are aggregated to create the global index. Companies must have an IVA rating of 'BB' or above and an Impact Monitor score of 3 or above to be eligible. The Index is float-adjusted market capitalization weighted. The Annual Review for the MSCI Global Sustainability indexes takes place in May. In addition, the Index is rebalanced in August, November and February. www.msci.com | [email protected] About MSCI MSCI Inc. is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indexes, portfolio risk and performance analytics, and ESG data and research. 1 The company's flagship product offerings are: the MSCI indexes with approximately USD 9 trillion estimated to be benchmarked to them on a worldwide basis ; Barra multi-asset class factor models, portfolio risk and performance analytics; RiskMetrics multi-asset class market and credit risk analytics; IPD real estate information, indexes and analytics; MSCI ESG (environmental, social and governance) Research screening, analysis and ratings; and FEA valuation models and risk management software for the energy and commodities markets. MSCI is headquartered in New York, with research and commercial offices around the world. 1 As of March 31, 2014, as reported on June 25, 2014 by eVestment, Lipper and Bloomberg. The information contained herein (the "Information") may not be reproduced or redisseminated in whole or in part without prior written permission from MSCI. 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