Index Definitions. An investor cannot invest directly in an index and index performance does not reflect the deduction of any fees, expenses or taxes. Preferred Securities: 50% ICE BofAML Fixed Rate Preferred Securities Index and 50% ICE BofAML Capital Securities Index through January 31, 2014, and 60% ICE BofAML US Capital Securities Index, 25% ICE BofAML Hybrid Preferred Securities 8% Constrained Index and 15% Bloomberg Barclays Developed Market USD Contingent Capital Index for periods thereafter. ICE BofAML Fixed Rate Preferred Securities Index tracks the performance of fixed-rate U.S. dollar-denominated preferred securities issued in the U.S. domestic market. ICE BofAML Capital Securities Index is a subset of the ICE BofAML U.S. Corporate Index including all fixed-to-floating rate, perpetual callable and capital securities. The ICE BofAML US IG Institutional Capital Securities Index is a subset of the ICE BofAML US Corporate Index including all fixed-to-floating rate, perpetual callable and capital securities. ICE BofAML Hybrid Preferred Securities 8% Constrained Index contains all securities in the ICE BofAML Fixed Rate Preferred Securities Index that are hybrids, but caps issuer exposure at 8%. The Barclays Developed Contingent Capital Index includes hybrid capital securities in developed markets with explicit equity conversion or write down loss absorption mechanisms that are based on an issuer’s regulatory capital ratio or other explicit solvency-based triggers. Global High Yield: ICE BofAML Global High Yield Index, which tracks the performance of USD, CAD, GBP and EUR denominated below investment grade corporate debt publicly issued in the major domestic or eurobond markets. Treasuries: ICE BofAML US Treasury Index, which tracks the performance of US dollar denominated sovereign debt publicly issued by the US government in its domestic market. Global Aggregate Bonds: Barclays Capital Global Aggregate Bond Index is a broad-market measure of global investment-grade debt from many different currencies. The three major components of this index are the U.S. Aggregate, the Pan-European Aggregate, and the Asian- Pacific Aggregate Indexes. The index also includes investment-grade eurodollar, euro-yen, Canadian, and 144A Index-eligible securities not already in the three regional aggregate indices. Global Equities: MSCI World Index - net is a free-float-adjusted index that measures performance of large- and mid-capitalization companies representing developed market countries and is net of dividend withholding taxes. U.S. Preferred Securities: ICE BofAML Fixed Rate Preferred Securities Index (tracks the performance of fixed-rate U.S. dollar-denominated preferred securities issued in the U.S. domestic market).
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