The information and material provided by Fundo SA, Avenue de Tivoli 2, 1007 Lausanne, Switzerland (“Fundo”) under the URL ipe.fundo.ch (“IPE-Fundo UK Pension Indices”) are part of the website www.fundo.ch (the “Website”) and thus subject to the Terms of Use available on the Website. Fundo is authorized by the Swiss Financial Markets Supervisory Authority FINMA (www.finma.ch) to act as a manager of Swiss Collective Investment Schemes and member of the self-regulatory body Organisme d’Autorégulation des Gérants de Patrimoine (www.oarg.ch).

The IPE-Fundo UK Pension Indices are only accessible to users domiciled in Switzerland or the UK. The IPE-Fundo UK Pension Indices are not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of, or located in, any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.

The IPE-Fundo UK Pension Indices are provided for information purposes only and are not to be used or considered to be an offer or solicitation to buy, sell or subscribe to any securities or other financial instruments. These information and material do not take into consideration the specific investment objectives, financial situation or particular needs of any person who may receive them and invest in any financial instrument. Fundo has not taken any steps to ensure that any investments referred to directly or indirectly are suitable for any particular investor. Any such information does not substitute adequate and diligent advice in each specific case.

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Information and opinions on which the IPE-Fundo UK Pension Indices are based have been obtained or derived from sources believed to be reliable, but Fundo makes no representation as to their accuracy or completeness. Any information contained on the IPE-Fundo UK Pension Indices does not constitute Fundo’s investment policy, but merely the different assumptions, views and analytical methods of the analysts who prepared them. Such assumptions, views and methods are further described in the relevant section of the Website. Furthermore, the information, opinions and estimates expressed herein reflect a judgment as of its original publication date and are subject to change without notice.

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