Equity S&P 500®

Description The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities. There is over USD 7.8 trillion benchmarked to the , with index assets comprising approximately USD 2.2 trillion of this total. The index includes 500 leading companies and captures approximately 80% coverage of available .

Index Attributes Created in 1957, the S&P 500 was the first U.S. market-cap-weighted market index. Today, it’s the basis of many listed and over-the-counter investment instruments. This world-renowned index includes 500 of the top companies in leading industries of the U.S. economy.

The S&P 500 is part of a series of S&P Dow Jones U.S. equity indices that can be used as mutually exclusive building blocks; the index does not overlap holdings with the S&P MidCap 400® or S&P SmallCap 600®. Together, they constitute the S&P Composite 1500®.

Methodology Construction • Universe. All constituents must be U.S. companies. • Eligibility Market Cap. Companies with market cap of USD 6.1 billion or greater. • . At least 50% of must be available for trading. • Financial Viability. Companies must have positive as-reported earnings over the most recent quarter, as well as over the most recent four quarters (summed together). • Adequate Liquidity and Reasonable Price. Consists of highly tradable common , with active and deep markets.

Quick Facts WEIGHTING METHOD Float-adjusted market cap weighted REBALANCING FREQUENCY "Quarterly in March, June, September, and December" CALCULATION FREQUENCY Real time CALCULATION CURRENCIES USD, AUD, BRL, CAD, CHF, EUR, GBP, HKD, JPY, MXN, SGD LAUNCH DATE March 4, 1957

For more information, including the complete methodology document, please visit: http://www.spindices.com/indices/equity/sp-500 All information for an index prior to its Launch Date is back-tested, based on the methodology that was in effect on the Launch Date. Back-tested performance, which is hypothetical and not actual performance, is subject to inherent limitations because it reflects application of an Index methodology and selection of index constituents in hindsight. No theoretical approach can take into account all of the factors in the markets in general and the impact of decisions that might have been made during the actual operation of an index. Actual returns may differ from, and be lower than, back-tested returns.

AS OF JANUARY 31, 2018 spdji.com [email protected]

Equity S&P 500®

Historical Performance

Static text

S&P 500

Performance

INDEX LEVEL RETURNS ANNUALIZED RETURNS 1 MO 3 MOS YTD 1 YR 3 YRS 5 YRS 10 YRS TOTAL RETURNS 5,511.21 5.73% 10.18% 5.73% 26.41% 14.66% 15.91% 9.78% PRICE RETURNS 2,823.81 5.62% 9.65% 5.62% 23.91% 12.28% 13.52% 7.43% NET TOTAL RETURNS 4,938.67 5.69% 10.02% 5.69% 25.66% 13.94% 15.19% 9.07%

Calendar Year Performance

2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 TOTAL RETURNS 21.83% 11.96% 1.38% 13.69% 32.39% 16.00% 2.11% 15.06% 26.46% -37.00% PRICE RETURNS 19.42% 9.54% -0.73% 11.39% 29.60% 13.41% 0% 12.78% 23.45% -38.49% NET TOTAL RETURNS 21.10% 11.23% 0.75% 12.99% 31.55% 15.22% 1.47% 14.37% 25.55% -37.45%

AS OF JANUARY 31, 2018 spdji.com [email protected]

Equity S&P 500®

Risk

ANNUALIZED RISK ANNUALIZED RISK-ADJUSTED RETURNS 3 YRS 5 YRS 10 YRS 3 YRS 5 YRS 10 YRS STD DEV 10.15% 9.54% 15.00% 1.44 1.67 0.65

Risk is defined as standard deviation calculated based on total returns using monthly values.

Fundamentals

P/E (TRAILING) P/E (PROJECTED) P/B INDICATED DIV P/SALES P/CASH FLOW 23.53 18.41 3.11 1.78% 2.09 21.71

P/E (Projected) and Yield are as of January 31, 2018; P/E (Trailing), P/B, P/Sales, and P/Cash Flow are as of September 29, 2017. Fundamentals are updated on approximately the fifth business day of each month.

Index Characteristics NUMBER OF CONSTITUENTS 505 CONSTITUENT MARKET [USD MILLION] MEAN TOTAL MARKET CAP 50,112.52 LARGEST TOTAL MARKET CAP 859,637.86 SMALLEST TOTAL MARKET CAP 2,565.92 MEDIAN TOTAL MARKET CAP 22,546.03 WEIGHT LARGEST CONSTITUENT [%] 3.6 WEIGHT TOP 10 CONSTITUENTS [%] 20.2

ESG Characteristics

CARBON FOOTPRINT (METRIC TONS CO2e/$1M INVESTED)* 80.19

CARBON EFFICIENCY (METRIC TONS CO2e/$1M REVENUES)* 236.63

WEIGHTED AVERAGE CARBON INTENSITY (METRIC TONS CO2e/$1M REVENUES)* 245.88

FOSSIL FUEL RESERVE EMISSIONS (METRIC TONS CO2/$1M INVESTED) 772.60 *Operational and first-tier supply chain greenhouse gas emissions. For more information, please visit: www.spdji.com/esg-metrics.

AS OF JANUARY 31, 2018 spdji.com [email protected]

Equity S&P 500®

Top 10 Constituents By Index Weight

CONSTITUENT SYMBOL SECTOR* Apple Inc. AAPL Information Technology Microsoft Corp MSFT Information Technology Amazon.com Inc AMZN Consumer Discretionary Facebook Inc A FB Information Technology Berkshire Hathaway B BRK.B Financials JP Morgan Chase & Co JPM Financials Johnson & Johnson JNJ Health Care Exxon Mobil Corp XOM Energy Alphabet Inc C GOOG Information Technology Alphabet Inc A GOOGL Information Technology

*Based on GICS® sectors

Sector* Breakdown

*Based on GICS® sectors

The weightings for each sector of the index are rounded to the nearest tenth of a percent; therefore, the aggregate weights for the index may not equal 100%.

Country Breakdown

COUNTRY NUMBER OF CONSTITUENTS TOTAL MARKET CAP [USD MILLION] INDEX WEIGHT [%] United States 505 25,306,824.52 100.0

Based on index constituents’ country of domicile.

AS OF JANUARY 31, 2018 spdji.com [email protected]

Equity S&P 500®

Tickers

TICKER REUTERS PRICE RETURNS SPX .SPFIV TOTAL RETURNS SPXT .SPXT NET TOTAL RETURNS SPTR500N .SPXNTR Static text

AS OF JANUARY 31, 2018 spdji.com [email protected]

Equity S&P 500®

Related Products This list includes investable products traded on certain exchanges currently linked to this selection of indices. While we have tried to include all such products, we do not guarantee the completeness or accuracy of such lists. Please refer to the disclaimers at the end of this document or here for more information about S&P Dow Jones Indices' relationship to such third party product offerings. PRODUCT NAME PRODUCT TYPE EXCHANGE TICKER AMUNDI ETF S&P 500 UCITS ETF - D etf EN Paris 500D AMUNDI INDEX S&P 500 - UCITS ETF DR etf EN Paris S500 Amundi ETF S&P 500 Daily Hedged EUR A/I etf XFMQ Not Available Amundi ETF S&P 500 UCITS ETF etf EN Paris 500 Amundi ETF S&P 500 USD A/I etf Six Swiss EX 500USD BMO S&P 500 ETF etf TMX ZSP BMO S&P 500 ETF (USD) etf TMX ZSP.U Bosera Standard and Poor's 500 ETF etf SHSE 513500 ComStage ETF S&P 500 UCITS ETF etf Xetra ETF C012 CoreShares S&P 500 ETF etf JSE Limited CSP500 Direxion Daily S&P 500 Bear 3X Shares etf NYSE Arca SPXS Direxion Daily S&P 500 Bull 1.25X Shares etf NYSE Arca LLSP Direxion Daily S&P 500 Bull 2X Shares etf NYSE Arca SPUU Direxion Daily S&P 500 Bull 3X etf NYSE Arca SPXL Direxion Shares Etf Trust-Direxion Daily S&P 500 Bear 1x etf NYSE Arca SPDN Shares ETFMG Alternative Harvest ETF etf NYSE ARCA MJX Eaton Vance Stock NextShares™ etf GM EVSTC HSBC S&P 500 UCITS ETF (GBp) etf LSE HSPX Hanwha ARIRANG S&P500 ETF etf KRX 269540 Horizons BetaPro S&P 500 Bear Plus ETF etf TMX HSD Horizons BetaPro S&P 500 Bull Plus ETF etf TMX HSU Horizons BetaPro S&P 500 Inverse ETF etf TMX HIU It Now S&P500 TRN Fundo de Indice etf BM&FBOVESPA SPXI11 LYXOR UCITS ETF PEA S&P 500 C-EUR etf EN Paris PSP5 Lyxor ETF S&P 500 etf LSE LSPU Lyxor S&P 500 ETF C EUR etf XFMQ Not Available Lyxor S&P 500 ETF Daily Hedged C-EUR etf XFMQ Not Available Lyxor S&P 500 UCITS ETF etf Xetra ETF LYPS Mirae Asst Hrzns S&P 500 Daily (2X)Lvrgd etf XFMQ Not Available Mirae Asst Hrzns S&P500 Daily (-1X)Invrs etf XFMQ Not Available Nikko Listed US Equity S&P500 etf TSE 1547 ProShares S&P500 etf NYSE Arca SH ProShares Ultra S&P500 etf NYSE Arca SSO ProShares UltraPro S&P 500 etf NYSE Arca UPRO ProShares UltraPro Short S&P 500 etf NYSE Arca SPXU ProShares UltraShort S&P500 etf NYSE Arca SDS S&P 500 Source ETF etf LSE SPXS S&P 500 THEAM Easy UCITS ETF - C EUR etf EN Paris ESE S&P 500 THEAM Easy UCITS ETF - C USD etf EN Paris ESD S&P 500 THEAM Easy UCITS ETF - C/D USD etf EN Paris ESDD SPDR S&P 500 ETF Trust etf NYSE Arca SPY SPDR S&P 500 UCITS ETF etf Xetra ETF SPY5

AS OF JANUARY 31, 2018 spdji.com [email protected]

Equity S&P 500®

PRODUCT NAME PRODUCT TYPE EXCHANGE TICKER Satrix S&P 500 ETF etf JSE Limited STX500:SJ Smartshares US 500 Trust etf NZX USF Source S&P 500 UCITS ETF B etf Xetra ETF D500 Sygnia Itrix S&P 500 ETF etf JSE Limited SYG500 TD S&P 500 Index ETF etf TMX TPU UBS ETF S&P 500 A EUR H Inc etf XETRA UEQ7 UBS ETF S&P 500 SF USD A acc etf Xetra ETF UIQN UBS Irl ETF plc - S&P 500 UCITS ETF etf BrsaItaliana SP5EUY Vanguard S&P 500 etf LSE VUSA Vanguard S&P 500 ETF etf NYSE Arca VOO Vanguard S&P 500 Index ETF etf TMX VFV WisdomTree CBOE S&P500 PutWriteStrat ETF etf NYSE Arca PUTW Yuanta S&P 500 ETF etf TWSE 646 db x-trackers S&P 500 UCITS ETF 1C etf LSE XSPX iShares Core S&P 500 ETF etf NYSE Arca IVV iShares Core S&P 500 UCITS ETF etf SIX Swiss Ex CSSPX iShares S&P 500 AUD Hedged ETF etf ASX IHVV iShares S&P 500 Index ETF etf TMX XUS iShares S&P 500 UCITS ETF Inc etf LSE IUSA Barclays ETN+ B Leveraged etn NYSE Arca BXUB Barclays ETN+ Long C Leveraged etn NYSE Arca BXUC ETRACS MNTHLY RESET 2XS&P500 etn NYSE Arca SPLX HAREL SAL S&P 500 etn TASE HRS&P25 HAREL SAL S&P INS etn TASE HRSPX50 IPATH CBOE S&P 500 BUYWRITE etn NYSE Arca BWV IPATH LX S&P 500 ETN etn NYSE Arca SFLA KSM LEV S&P 500 PRX3 MTH 6DA etn TASE KS50050 KSM LEV SHRT S&P500 PRX3 MTH etn TASE KSSSNP53 KSM S&P 500 PR 4DA etn TASE KSMSP KSM S&P 500 PR ILS 40A etn TASE KSMSPILS KSM SHORT S&P500 3000 PR 6DA etn TASE KSHORTSP PSAGOT S&P SHORT X3 etn TASE PSSP169 PSAGOT SAL S&P 500 etn TASE PSP PSAGOT SAL S&P 500 D2 etn TASE MTVSP1 PSAGOT SAL S&P NIS etn TASE PS50047 TACHLIT S&P 500 4DA etn TASE TCSP4 TACHLIT S&P500 ILS 1 40A etn TASE TSP5038 TACHLIT S&P500 ILS 2 40A etn TASE INDSP18 BTIC E-mini S&P 500 Index Futures future CME EST CBOE Index Futures future CFE VIX E-mini S&P 500 Index Futures future CME ES S&P 500 Index Futures future CME SP S&P 500 Variance Futures future CBOE VA CBOE Volatility Index Options option CBOE VIX E-mini S&P 500 End-of-Month Index Options option CME EW E-mini S&P 500 Index Options option CME ES

AS OF JANUARY 31, 2018 spdji.com [email protected]

Equity S&P 500®

PRODUCT NAME PRODUCT TYPE EXCHANGE TICKER E-mini S&P 500 Weekly Index Options option CME EW* Mini-SPX Index Options option CBOE XSP S&P 500 End-of-Month Index Options option CME EV S&P 500 Index Options option CBOE SPX S&P 500 Weekly Index Options option CME EV* S&P 500 a-Flex Index Options option CME XP S&P 500 e-Flex Index Options option CME YP SPXpm Index Options option CBOE SPXPM

AS OF JANUARY 31, 2018 spdji.com [email protected]

Equity S&P 500®

CONTACT US spdji.com New York Dubai Tokyo [email protected] 1 212 438 7354 971 (0)4 371 7131 81 3 4550 8564 1 877 325 5415 S&P Dow Jones Custom Indices Mexico City Beijing Sydney [email protected] 52 (55) 1037 5290 86.10.6569.2770 61 2 9255 9802 London Hong Kong 44 207 176 8888 852 2532 8000

DISCLAIMER

Source: S&P Dow Jones Indices LLC, a division of S&P Global.

The launch date of the S&P 500 was March 4, 1957.

All information presented prior to the index launch date is back-tested. Back-tested performance is not actual performance, but is hypothetical. The back-test calculations are based on the same methodology that was in effect when the index was officially launched. Past performance is not an indication or guarantee of future results. Please see the Performance Disclosure at http://www.spindices.com/regulatory-affairs-disclaimers/ for more information regarding the inherent limitations associated with back- tested performance.

Copyright © 2018 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission. STANDARD & POOR’S and S&P are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); DOW JONES is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (“S&P Dow Jones Indices”) and third party licensors makes no representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and S&P Dow Jones Indices and its third party licensors shall have no liability for any errors, omissions, or interruptions of any index or the data included therein. Past performance of an index is not an indication or guarantee of future results. This document does not constitute an offer of any services. Except for certain custom index calculation services, all information provided by S&P Dow Jones Indices is general in nature and not tailored to the needs of any person, entity or group of persons. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties and providing custom calculation services. It is not possible to invest directly in an index. Exposure to an asset class represented by an index may be available through investable instruments offered by third parties that are based on that index. S&P Dow Jones Indices does not sponsor, endorse, sell, promote or manage any investment fund or other investment product or vehicle that seeks to provide an investment return based on the performance of any Index. S&P Dow Jones Indices LLC is not an investment or tax advisor. S&P Dow Jones Indices makes no representation regarding the advisability of investing in any such investment fund or other investment product or vehicle. 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. Credit-related information and other analyses, including ratings, are generally provided by licensors and/or affiliates of S&P Dow Jones Indices. Any credit-related information and other related analyses and statements are opinions as of the date they are expressed and are not statements of fact. S&P Dow Jones Indices LLC is analytically separate and independent from any other analytical department. For more information on any of our indices please visit www.spdji.com.

AS OF JANUARY 31, 2018 spdji.com [email protected]