Russell Global Indexes - FTSE Russell

Russell Global Indexes - FTSE Russell

Russell Global Indexes 2016 Reconstitution Analysis ftserussell.com June 10, 2016 Reconstitution Analysis Report Russell Global Index The Russell...

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Russell Global Indexes 2016 Reconstitution Analysis

ftserussell.com

June 10, 2016

Reconstitution Analysis Report

Russell Global Index The Russell Global Index returned -4.8% for the 12-month period ending May 31, 2016, while the Russell Global ex-US Index returned -9.9%. The Russell Developed Index posted a negative result as well (-3.2%), while the Developed ex-US Index returned -7.8%. The five top performing developed markets were New Zealand (18.3%), Denmark (7.3%), Belgium (5.8%), the United Stated (.2%). All other developed market indexes posted negative results ranging form Finland’s -1.5% to Luxembourg (-21.5%). . The Russell Emerging Markets Index returned -16.5% of May 31, 2016. Emerging Markets country level performance varied drastically, with the top performing country (Hungary) boasting the only positive return (20.7%). The country with the lowest return was Greece (-32.6%). From a Global ex-US perspective, the Consumer Staples sector was the only sector to produce a positive return (3.9%). Other results ranged from -6.7% (Utilities) to -15% (Financial Services). Reviewing sectors from a developed and emerging markets perspective, the highest performing sector in the Russell Developed ex-US Index was Consumer Staples (6.6%). All other developed ex-US sectors posted negative returns ranging from the Utilities sector’s return of -2.6% to Financial Services (-12.8%). In the Russell Emerging Markets Index, all sectors posted negative returns ranging from Consumer Staples (-7.6%) to Producer Durables (-23.3). Total market cap of the Russell Global Index is $55.6 trillion as of May 27, 2016, down nearly 10% since last reconstitution’s total market cap of $61.5 trillion. The total market cap for the Global ex-US Index is down as well ($36.3 trillion in 2015 to $31.5 trillion for 2016). Still the largest company in the Russell Global Index, Apple experienced a 27% decline in market cap since last year’s reconstitution, with $750.5 billion in total market cap as of May 29, 2015 and $549.7 billion as of May 27, 2016. The largest company in the Russell Global ex-US Index is Nestle, with a total market cap of $234.2 billion, which is over $100 million smaller than last year’s largest ex-US company, PetroChina Co Ltd, which had a total market cap of $336.4 billion as of May 2015. The smallest company in the Russell Global Index is Unique Fabricating (US) with a total market cap of $132.9 million, while the smallest company in the Russell Global ex-US Index is Integrated Research Limited (AU) with a total market cap of $256.1 million. The break between large and small cap for the Russell Global ex-US Index is decreasing slightly from $2.3 billion in 2015 to $2.1 billion for 2016. With banding applied to the breakpoint, the largest company in the Russell Global ex-US Small Cap Index is Viscofan S.A. (ES) with a total market cap of $2.6 billion. The smallest company in the Russell Global ex-US Large Cap Index is The Hongkong and Shanghai Hotels Limited (HK)) with a total market cap of $1.6 billion. Of the 866 new additions to the Russell Global Index (35 of which are IPOs), the country gaining the most new companies is the United States, with 188 new members, followed by the Japan (156), India (57), Korea (56) and Australia (49). The Financial Services is absorbing the most additions (183) followed by Consumer Discretionary (142), Materials & Processing (117), and Technology (117). Reconstitution data referenced as 2015 is as of May 29, 2015 and data referenced as 2016 is as of May 27, 2016. Russell Style and Stability probabilities are calculated based on May 31, 2016 data and applied to membership as of May 27, 2016. Performance data is reported as of May 31, 2016. Market capitalizations referenced reflect total market capitalization unless otherwise noted. For the purpose of reconstitution ranking, all eligible share classes for a company are consolidated and ranked as one single company. Total may not equal 100% due to rounding.

June 10, 2016

Russell Global Indexes

2016 Preliminary Reconstitution Analysis TABLE OF CONTENTS Market range comparison ................................................................. 1 Index weight by country .................................................................. 10 Region sector weights: Russell Global Sectors .............................. 19 Country sector weights: Russell Global Sectors ............................. 21 Style valuation by country ............................................................... 61 Total securities and market capitalization ....................................... 62 Index additions by country .............................................................. 66 Index additions by sector ................................................................ 67 Second quarter IPO additions ......................................................... 68

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June 10, 2016

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 1: Market range comparison

As of May 27, 2016

Smallest and largest companies reflect percentile banding

Russell Global Indexes Market cap range (USD millions) Reconstitution as of May 27, 2016

Securities

Countries

Largest

Smallest

$ Wtd average

Median

Largest company by market cap

Smallest company by market cap

Broad Indexes Russell Global

10,112

45

549,660

133

80,408

31,158

Apple Inc. (US)

Unique Fabricating NA Inc. (US)

Russell Global Dynamic

7,065

45

549,660

133

65,987

21,338

Apple Inc. (US)

Unique Fabricating NA Inc. (US)

Russell Global Defensive

5,054

45

549,660

133

96,277

51,831

Apple Inc. (US)

Unique Fabricating NA Inc. (US)

Russell Global ex-US

7,094

44

234,239

256

42,783

20,046

Nestle S.A. (CH)

Integrated Research Limited (AU)

Russell Global ex-US Dynamic

4,730

44

221,922

256

28,988

14,082

Industrial And Commercial Bank of China Limited (CN)

Integrated Research Limited (AU)

Russell Global ex-US Defensive

3,569

44

234,239

256

54,271

27,564

Nestle S.A. (CH)

Integrated Research Limited (AU)

Russell Developed

7,212

24

549,660

133

84,981

34,679

Apple Inc. (US)

Unique Fabricating NA Inc. (US)

Russell Developed Dynamic

4,912

24

549,660

133

70,091

23,802

Apple Inc. (US)

Unique Fabricating NA Inc. (US)

Russell Developed Defensive

3,804

24

549,660

133

100,748

59,865

Apple Inc. (US)

Unique Fabricating NA Inc. (US)

Russell Developed ex-US

4,194

23

234,239

256

43,241

23,701

Nestle S.A. (CH)

Integrated Research Limited (AU)

Russell Developed ex-US Dynamic

2,577

23

155,702

256

25,994

15,948

Toyota Motor Corporation (JP)

Integrated Research Limited (AU)

Russell Developed ex-US Defensive

2,319

23

234,239

256

56,367

31,038

Nestle S.A. (CH)

Integrated Research Limited (AU)

Russell Emerging Markets

2,900

21

229,771

256

41,165

11,906

China Mobile Limited (CN)

O-NET TECHNOLOGIES (GROUP) LTD (CN)

Russell Emerging Markets Dynamic

2,153

21

221,922

256

36,867

10,307

Industrial And Commercial Bank of China Limited (CN)

O-NET TECHNOLOGIES (GROUP) LTD (CN)

Russell Emerging Markets Defensive

1,250

21

229,771

257

44,100

14,694

China Mobile Limited (CN)

Ilsung Pharmaceuticals Co. Ltd. (KR)

Russell Global Large Cap

3,405

45

549,660

1,649

88,519

38,511

Apple Inc. (US)

Russell Global Large Cap Dynamic

2,475

44

549,660

1,649

72,689

25,298

Apple Inc. (US)

Russell Global Large Cap Defensive

1,543

43

549,660

1,649

105,951

69,325

Apple Inc. (US)

Russell Global ex-US Large Cap

2,399

44

234,239

1,649

48,175

25,355

Nestle S.A. (CH)

Russell Global ex-US Large Cap Dynamic

1,648

43

221,922

1,649

32,782

18,005

Industrial And Commercial Bank of China Limited (CN)

Russell Global ex-US Large Cap Defensive

1,103

42

234,239

1,649

61,072

35,020

Nestle S.A. (CH)

Russell Developed Large Cap

2,491

24

549,660

1,649

92,753

42,657

Apple Inc. (US)

Russell Developed Large Cap Dynamic

1,786

24

549,660

1,649

76,442

26,432

Apple Inc. (US)

Russell Developed Large Cap Defensive

1,187

24

549,660

1,649

110,113

70,976

Apple Inc. (US)

Russell Developed ex-US Large Cap

1,485

23

234,239

1,649

47,988

27,505

Nestle S.A. (CH)

Large Cap Indexes

May 27, 2016

The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK)

1 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 1: Market range comparison

As of May 27, 2016

Market cap range (USD millions) Reconstitution as of May 27, 2016

Securities

Countries

Largest

Smallest

Russell Developed ex-US Large Cap Dynamic

959

23

155,702

1,649

$ Wtd average 28,896

Median 19,327

Toyota Motor Corporation (JP)

Largest company by market cap

Smallest company by market cap

Russell Developed ex-US Large Cap Defensive

747

23

234,239

1,649

62,675

37,925

Nestle S.A. (CH)

Russell Developed ex-North America Large Cap

1,362

22

234,239

1,649

49,431

27,564

Nestle S.A. (CH)

Russell Developed ex-North America LC Dynamic

884

22

155,702

1,649

29,756

19,406

Toyota Motor Corporation (JP)

Russell Developed ex-North America LC Defensive

681

22

234,239

1,649

64,670

37,925

Nestle S.A. (CH)

Russell Emerging Markets Large Cap

914

21

229,771

1,663

48,885

16,335

China Mobile Limited (CN)

China Agri-Industries Holdings Limited (CN)

Russell Emerging Markets Large Cap Dynamic

689

20

221,922

1,663

43,679

14,722

Industrial And Commercial Bank of China Limited (CN)

China Agri-Industries Holdings Limited (CN)

Russell Emerging Markets Large Cap Defensive

356

19

229,771

1,683

52,697

18,226

China Mobile Limited (CN)

Santam Limited (ZA)

Russell Global Midcap

2,645

45

26,284

1,649

9,355

7,841

Sempra Energy (US)

Russell Global Mid Cap Dynamic

2,000

44

26,184

1,649

9,029

7,467

PPL Corporation (US)

Russell Global Mid Cap Defensive

1,115

42

26,284

1,649

10,180

8,688

Sempra Energy (US)

Russell Global ex-US Midcap

1,840

44

14,082

1,649

6,692

6,235

Olympus Corporation (JP)

Russell Global ex-US Mid Cap Dynamic

1,311

43

14,082

1,649

6,330

5,813

Olympus Corporation (JP)

800

41

13,889

1,649

7,204

6,854

Hoya Corporation (JP)

Russell Developed Midcap

1,907

24

26,284

1,649

9,823

8,298

Sempra Energy (US)

Russell Developed Mid Cap Dynamic

1,440

24

26,184

1,649

9,490

7,928

PPL Corporation (US)

834

24

26,284

1,649

10,657

9,052

Sempra Energy (US)

The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK)

Mid Cap Indexes

Russell Global ex-US Mid Cap Defensive

Russell Developed Mid Cap Defensive Russell Developed ex-US Midcap

The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK) The Hongkong And Shanghai Hotels Limited (HK)

1,102

23

14,082

1,649

6,851

6,418

Olympus Corporation (JP)

Russell Developed ex-US Mid Cap Dynamic

751

23

14,082

1,649

6,490

6,080

Olympus Corporation (JP)

Russell Developed ex-US Mid Cap Defensive

519

23

13,889

1,649

7,290

7,007

Hoya Corporation (JP)

Russell Developed ex-North America Midcap

1,010

22

14,082

1,649

6,835

6,395

Olympus Corporation (JP)

Russell Developed ex-North America MC Dynamic

690

22

14,082

1,649

6,535

6,160

Olympus Corporation (JP)

Russell Developed ex-North America MC Defensive

474

22

13,889

1,649

7,208

6,745

Hoya Corporation (JP)

Russell Emerging Mkts Midcap

738

21

14,031

1,663

6,261

5,747

SK Holdings Co. Ltd. (KR)

China Agri-Industries Holdings Limited (CN)

Russell Emerging Markets Mid Cap Dynamic

560

20

14,031

1,663

5,951

5,354

SK Holdings Co. Ltd. (KR)

China Agri-Industries Holdings Limited (CN)

Russell Emerging Markets Mid Cap Defensive

281

18

13,833

1,683

6,935

6,780

LG Household & Health Care Ltd. (KR)

Santam Limited (ZA)

May 27, 2016

2 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 1: Market range comparison

As of May 27, 2016

Market cap range (USD millions) Reconstitution as of May 27, 2016

Securities

Countries

Largest

Smallest

$ Wtd average

Russell Global Small Cap

6,707

45

3,860

133

1,403

Russell Global Small Cap Dynamic

4,590

43

3,838

133

1,244

Russell Global Small Cap Defensive

3,511

45

3,860

133

Russell Global ex-US Small Cap

4,695

44

2,598

Russell Global ex-US Small Cap Dynamic

3,082

42

Russell Global ex-US Small Cap Defensive

2,466

Russell Developed Small Cap

Median

Largest company by market cap

Smallest company by market cap

1,300

Syntel Inc. (US)

Unique Fabricating NA Inc. (US)

1,129

EPAM Systems Inc. (US)

Unique Fabricating NA Inc. (US)

1,569

1,472

Syntel Inc. (US)

Unique Fabricating NA Inc. (US)

256

1,190

1,109

Viscofan S.A. (ES)

Integrated Research Limited (AU)

2,598

256

1,087

1,002

PT Waskita Karya (Persero) (ID)

Integrated Research Limited (AU)

44

2,598

256

1,291

1,259

Viscofan S.A. (ES)

Integrated Research Limited (AU)

4,721

24

3,860

133

1,482

1,383

Syntel Inc. (US)

Unique Fabricating NA Inc. (US)

Russell Developed Small Cap Dynamic

3,126

24

3,838

133

1,309

1,217

EPAM Systems Inc. (US)

Unique Fabricating NA Inc. (US)

Russell Developed Small Cap Defensive

2,617

24

3,860

133

1,645

1,551

Syntel Inc. (US)

Unique Fabricating NA Inc. (US)

Russell Developed ex-US Small Cap

2,709

23

2,598

256

1,252

1,194

Viscofan S.A. (ES)

Integrated Research Limited (AU)

Russell Developed ex-US Small Cap Dynamic

1,618

23

2,578

256

1,138

1,061

Sixt SE (DE)

Integrated Research Limited (AU)

Russell Developed ex-US Small Cap Defensive

1,572

23

2,598

256

1,350

1,331

Viscofan S.A. (ES)

Integrated Research Limited (AU)

Russell Developed ex-North America Small Cap

2,467

22

2,598

256

1,266

1,221

Viscofan S.A. (ES)

Integrated Research Limited (AU)

Russell Developed ex-North America SC Dynamic

1,430

22

2,578

256

1,159

1,077

Sixt SE (DE)

Integrated Research Limited (AU)

Russell Developed ex-North America SC Defensive

1,482

22

2,598

256

1,347

1,332

Viscofan S.A. (ES)

Integrated Research Limited (AU)

Russell Emerging Markets Small Cap

1,986

21

2,598

256

1,050

965

PT Waskita Karya (Persero) (ID)

O-NET TECHNOLOGIES (GROUP) LTD (CN)

Russell Emerging Markets Small Cap Dynamic

1,464

19

2,598

256

1,000

920

PT Waskita Karya (Persero) (ID)

O-NET TECHNOLOGIES (GROUP) LTD (CN)

894

21

2,580

257

1,113

1,011

Wuxi Little Swan Company Limited (CN)

Ilsung Pharmaceuticals Co. Ltd. (KR)

Small Cap Indexes

Russell Emerging Markets Small Cap Defensive

May 27, 2016

3 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 1: Market range comparison

As of May 27, 2016

Market cap range (USD millions) Index as of May 27, 2016

Securities

Countries

Largest

Smallest

$ Wtd average

Median

Largest company by market cap

Smallest company by market cap

Broad Indexes Russell Global

10,064

45

578,119

8

82,951

33,154

Apple Inc. (US)

Sunrise Asian Ltd (IN)

Russell Global Dynamic

7,444

44

578,119

8

57,624

20,945

Apple Inc. (US)

Sunrise Asian Ltd (IN)

Russell Global Defensive

5,491

45

578,119

8

105,104

53,224

Apple Inc. (US)

Sunrise Asian Ltd (IN)

Russell Global ex-US

7,101

44

241,178

8

44,465

20,602

Nestle S.A. (CH)

Sunrise Asian Ltd (IN) Sunrise Asian Ltd (IN)

Russell Global ex-US Dynamic

5,184

43

221,922

8

29,183

14,177

Industrial And Commercial Bank of China Limited (CN)

Russell Global ex-US Defensive

4,025

44

241,178

8

57,039

30,147

Nestle S.A. (CH)

Sunrise Asian Ltd (IN)

Russell Developed

6,956

24

578,119

14

87,843

36,230

Apple Inc. (US)

Rubicon Minerals Corp (CA)

Russell Developed Dynamic

4,923

24

578,119

14

60,867

23,519

Apple Inc. (US)

Rubicon Minerals Corp (CA)

Russell Developed Defensive

3,940

24

578,119

30

110,057

60,372

Apple Inc. (US)

Infant Bacterial Therapeutics AB (SE)

Russell Developed ex-US

3,993

23

241,178

14

45,495

24,899

Nestle S.A. (CH)

Rubicon Minerals Corp (CA)

Russell Developed ex-US Dynamic

2,663

23

173,895

14

26,335

16,132

Toyota Motor Corporation (JP)

Rubicon Minerals Corp (CA)

Russell Developed ex-US Defensive

2,474

23

241,178

30

58,933

34,494

Nestle S.A. (CH)

Infant Bacterial Therapeutics AB (SE)

Russell Emerging Markets

3,108

21

229,766

8

40,835

11,599

China Mobile Limited (CN)

Sunrise Asian Ltd (IN)

Russell Emerging Markets Dynamic

2,521

20

221,922

8

36,309

10,916

Industrial And Commercial Bank of China Limited (CN)

Sunrise Asian Ltd (IN)

Russell Emerging Markets Defensive

1,551

21

229,766

8

47,534

14,612

China Mobile Limited (CN)

Sunrise Asian Ltd (IN)

Russell Global Large Cap

3,391

45

578,119

213

91,560

40,921

Apple Inc. (US)

Oi SA (BR)

Russell Global Large Cap Dynamic

2,617

44

578,119

213

63,582

25,248

Apple Inc. (US)

Oi SA (BR)

Russell Global Large Cap Defensive

1,726

44

578,119

475

116,022

69,573

Apple Inc. (US)

La Comer SAB de CV (MX)

Russell Global ex-US Large Cap

2,370

44

241,178

213

50,294

26,490

Nestle S.A. (CH)

Oi SA (BR) Oi SA (BR)

Large Cap Indexes

Russell Global ex-US Large Cap Dynamic

1,795

43

221,922

213

33,163

18,474

Industrial And Commercial Bank of China Limited (CN)

Russell Global ex-US Large Cap Defensive

1,274

43

241,178

475

64,220

37,925

Nestle S.A. (CH)

La Comer SAB de CV (MX)

Russell Developed Large Cap

2,423

24

578,119

221

96,122

44,148

Apple Inc. (US)

Abengoa SA (ES)

Russell Developed Large Cap Dynamic

1,810

24

578,119

221

66,442

26,072

Apple Inc. (US)

Abengoa SA (ES)

Russell Developed Large Cap Defensive

1,269

24

578,119

972

120,667

72,523

Apple Inc. (US)

Aimia Inc (CA)

Russell Developed ex-US Large Cap

1,402

23

241,178

221

50,729

28,444

Nestle S.A. (CH)

Abengoa SA (ES)

Russell Developed ex-US Large Cap Dynamic

988

23

173,895

221

29,426

19,499

Toyota Motor Corporation (JP)

Abengoa SA (ES)

Russell Developed ex-US Large Cap Defensive

817

23

241,178

972

65,572

41,113

Nestle S.A. (CH)

Aimia Inc (CA)

Russell Developed ex-North America Large Cap

1,277

22

241,178

221

52,423

28,444

Nestle S.A. (CH)

Abengoa SA (ES)

Russell Developed ex-North America LC Dynamic

903

22

173,895

221

30,383

19,828

Toyota Motor Corporation (JP)

Abengoa SA (ES)

Russell Developed ex-North America LC Defensive

741

22

241,178

1,141

68,176

43,538

Nestle S.A. (CH)

WorleyParsons Ltd (AU)

Russell Emerging Markets Large Cap

968

21

229,766

213

48,654

16,026

China Mobile Limited (CN)

Oi SA (BR)

May 27, 2016

4 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 1: Market range comparison

As of May 27, 2016

Market cap range (USD millions) Index as of May 27, 2016

Securities

Countries

Largest

Smallest

Largest company by market cap

Smallest company by market cap

Russell Emerging Markets Large Cap Dynamic

807

20

221,922

213

$ Wtd average 43,084

Median 14,947

Industrial And Commercial Bank of China Limited (CN)

Oi SA (BR)

Russell Emerging Markets Large Cap Defensive

457

20

229,766

475

56,909

19,393

China Mobile Limited (CN)

La Comer SAB de CV (MX)

Russell Global Midcap

2,646

45

52,693

213

10,601

8,641

Charter Communications Inc. (US)

Oi SA (BR)

Russell Global Mid Cap Dynamic

2,125

44

52,693

213

10,226

8,078

Charter Communications Inc. (US)

Oi SA (BR)

Russell Global Mid Cap Defensive

1,263

44

30,616

475

11,233

9,366

Aon Corporation (US)

La Comer SAB de CV (MX)

Russell Global ex-US Midcap

1,823

44

35,873

213

7,666

6,796

CRRC Corporation Limited (CN)

Oi SA (BR)

Russell Global ex-US Mid Cap Dynamic

1,437

43

35,873

213

7,149

6,273

CRRC Corporation Limited (CN)

Oi SA (BR)

935

43

25,800

475

8,359

7,691

Ono Pharmaceutical Co. Ltd. (JP)

La Comer SAB de CV (MX)

Russell Developed Midcap

1,864

24

52,693

221

11,191

9,309

Charter Communications Inc. (US)

Abengoa SA (ES)

Russell Developed Mid Cap Dynamic

1,461

24

52,693

221

10,821

8,735

Charter Communications Inc. (US)

Abengoa SA (ES)

902

24

30,616

972

11,810

10,055

Aon Corporation (US)

Aimia Inc (CA)

1,041

23

25,800

221

8,070

7,152

Ono Pharmaceutical Co. Ltd. (JP)

Abengoa SA (ES)

Russell Developed ex-US Mid Cap Dynamic

773

23

25,800

221

7,519

6,740

Ono Pharmaceutical Co. Ltd. (JP)

Abengoa SA (ES)

Russell Developed ex-US Mid Cap Defensive

574

23

25,800

972

8,742

8,099

Ono Pharmaceutical Co. Ltd. (JP)

Aimia Inc (CA)

Russell Developed ex-North America Midcap

946

22

25,800

221

8,158

7,156

Ono Pharmaceutical Co. Ltd. (JP)

Abengoa SA (ES)

Russell Developed ex-North America MC Dynamic

704

22

25,800

221

7,648

6,829

Ono Pharmaceutical Co. Ltd. (JP)

Abengoa SA (ES)

Russell Developed ex-North America MC Defensive

523

22

25,800

1,141

8,798

7,950

Ono Pharmaceutical Co. Ltd. (JP)

WorleyParsons Ltd (AU)

Russell Emerging Mkts Midcap

782

21

35,873

213

6,530

5,830

CRRC Corporation Limited (CN)

Oi SA (BR)

Russell Emerging Markets Mid Cap Dynamic

664

20

35,873

213

6,266

5,382

CRRC Corporation Limited (CN)

Oi SA (BR)

Russell Emerging Markets Mid Cap Defensive

361

20

16,335

475

6,982

6,780

Thai Beverage Public Company Limited (TH)

La Comer SAB de CV (MX)

Russell Global Small Cap

6,673

45

19,733

8

1,665

1,424

Russell Global Small Cap Dynamic

4,827

44

19,733

8

1,449

1,221

Russell Global Small Cap Defensive

3,765

45

9,273

8

1,843

1,625

Russell Global ex-US Small Cap

4,731

44

19,733

8

1,438

1,233

Russell Global ex-US Small Cap Dynamic

3,389

43

19,733

8

1,305

1,081

Russell Global ex-US Small Cap Defensive

2,751

44

9,273

8

1,537

1,359

Russell Developed Small Cap

4,533

24

5,910

14

1,763

1,544

Russell Developed Small Cap Dynamic

3,113

24

5,841

14

1,545

1,338

Russell Developed Small Cap Defensive

2,671

24

5,910

30

1,935

1,723

Russell Developed ex-US Small Cap

2,591

23

5,841

14

1,535

1,360

Nomura Real Estate Master Fund Inc. (JP)

Rubicon Minerals Corp (CA)

Russell Developed ex-US Small Cap Dynamic

1,675

23

5,841

14

1,419

1,199

Nomura Real Estate Master Fund Inc. (JP)

Rubicon Minerals Corp (CA)

Mid Cap Indexes

Russell Global ex-US Mid Cap Defensive

Russell Developed Mid Cap Defensive Russell Developed ex-US Midcap

Small Cap Indexes

May 27, 2016

China Railway Construction Corporation Limited Sunrise Asian Ltd (IN) (CN) China Railway Construction Corporation Limited Sunrise Asian Ltd (IN) (CN) Mediclinic International PLC (AE)

Sunrise Asian Ltd (IN)

China Railway Construction Corporation Limited Sunrise Asian Ltd (IN) (CN) China Railway Construction Corporation Limited Sunrise Asian Ltd (IN) (CN) Mediclinic International PLC (AE) STERIS PLC (US) Nomura Real Estate Master Fund Inc. (JP) STERIS PLC (US)

Sunrise Asian Ltd (IN) Rubicon Minerals Corp (CA) Rubicon Minerals Corp (CA) Infant Bacterial Therapeutics AB (SE)

5 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 1: Market range comparison

As of May 27, 2016

Market cap range (USD millions) Index as of May 27, 2016

Securities

Countries

Largest

Smallest

Largest company by market cap

Smallest company by market cap

Russell Developed ex-US Small Cap Defensive

1,657

23

5,841

30

1,623

1,465

Nomura Real Estate Master Fund Inc. (JP)

Infant Bacterial Therapeutics AB (SE)

Russell Developed ex-North America Small Cap

2,356

22

5,841

23

1,560

1,384

Nomura Real Estate Master Fund Inc. (JP)

Petroceltic International PLC (IE)

Russell Developed ex-North America SC Dynamic

1,495

22

5,841

23

1,462

1,245

Nomura Real Estate Master Fund Inc. (JP)

Petroceltic International PLC (IE)

Russell Developed ex-North America SC Defensive

1,539

22

5,841

30

1,631

1,467

Nomura Real Estate Master Fund Inc. (JP)

Infant Bacterial Therapeutics AB (SE)

Russell Emerging Markets Small Cap

2,140

21

19,733

8

1,220

977

Russell Emerging Markets Small Cap Dynamic

1,714

20

19,733

8

1,110

919

Russell Emerging Markets Small Cap Defensive

1,094

21

9,273

8

1,272

1,029

May 27, 2016

$ Wtd average

Median

China Railway Construction Corporation Limited Sunrise Asian Ltd (IN) (CN) China Railway Construction Corporation Limited Sunrise Asian Ltd (IN) (CN) Mediclinic International PLC (AE)

Sunrise Asian Ltd (IN)

6 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 1: Market range comparison

As of May 27, 2016

Russell Frontier® Indexes Market cap range (USD millions) Reconstitution as of May 27, 2016

Securities

Countries

Largest

Smallest

$ Wtd average

475

34

31,369

95

4,487

98

11

14,990

98

Median

Largest company by market cap

Smallest company by market cap

2,615

Qatar National Bank S.A.Q. (QA)

Engro Powergen Qadirpur Limited (PK)

3,291

2,615

Dangote Cement Plc (NG)

Universal Auto Distributors Holding (TN)

Broad Indexes Russell Frontier® Russell Frontier® Africa Russell Frontier® Americas

16

3

8,498

366

4,721

5,965

YPF S.A. (AR)

Trinidad Y Tobago Producciones S.L. (TT)

205

6

7,478

95

2,205

1,064

Oil Search Limited (PG)

Engro Powergen Qadirpur Limited (PK)

Russell Frontier® Europe

35

9

5,410

100

2,250

2,112

Brait S.E. (MT)

ProSafe SE (CY)

Russell Frontier® ex-GCC

369

30

14,990

95

3,135

2,154

Dangote Cement Plc (NG)

Engro Powergen Qadirpur Limited (PK)

82

4

11,747

102

4,426

3,136

National Bank of Kuwait S.A.K. (KW)

A'ayan Leasing & Investment Co. (KW)

193

31

31,369

504

5,288

3,324

Qatar National Bank S.A.Q. (QA)

National Industries Group (Holding) (S.A.K.) (KW)

Russell Frontier® Africa Large Cap

48

11

14,990

542

3,800

3,047

Dangote Cement Plc (NG)

Barclays Bank of Kenya Limited (KE)

Russell Frontier® Americas Large Cap

13

2

8,498

664

4,998

5,965

YPF S.A. (AR)

Russell Frontier® Asia Pacific Large Cap

46

6

7,478

584

3,369

2,301

Oil Search Limited (PG)

Russell Frontier® Europe Large Cap

19

7

5,410

517

2,515

2,112

Brait S.E. (MT)

Telekom Slovenije d.d. (SI)

Russell Frontier® ex-GCC Large Cap

130

27

14,990

517

3,867

3,047

Dangote Cement Plc (NG)

Telekom Slovenije d.d. (SI)

38

4

11,747

504

4,999

4,163

National Bank of Kuwait S.A.K. (KW)

National Industries Group (Holding) (S.A.K.) (KW)

137

28

2,731

504

1,480

1,423

Milaha (QA)

National Industries Group (Holding) (S.A.K.) (KW)

35

10

2,373

542

1,277

1,171

East African Breweries Limited (KE)

Barclays Bank of Kenya Limited (KE)

7

2

2,730

664

1,895

1,593

Grupo Clarin S.A. (AR)

Russell Frontier® Asia Pacific MidCap

40

5

2,520

584

1,483

1,286

Habib Bank Limited (PK)

Russell Frontier® Europe MidCap

16

7

2,190

517

1,543

1,603

Societatea Nationala De Gaze Naturale Romgaz S.A. (RO)

Telekom Slovenije d.d. (SI)

Russell Frontier® ex-GCC Midcap

100

25

2,730

517

1,452

1,402

Grupo Clarin S.A. (AR)

Telekom Slovenije d.d. (SI)

26

3

2,332

504

1,408

1,271

Mabanee Company ( S.A.K.C ) (KW)

National Industries Group (Holding) (S.A.K.) (KW)

282

28

681

95

327

310

Russell Frontier® Asia Pacific

Russell Frontier® Middle East Large Cap Indexes Russell Frontier® Large Cap

Russell Frontier® Middle East Large Cap

Empresa Distribuidora y Comercializadora Norte S.A. (AR) Titas Gas Transmission & Distribution Co. Ltd. (BD)

Mid Cap Indexes Russell Frontier® Midcap Russell Frontier® Africa Midcap Russell Frontier® Americas MidCap

Russell Frontier® Middle East MidCap

Empresa Distribuidora y Comercializadora Norte S.A. (AR) Titas Gas Transmission & Distribution Co. Ltd. (BD)

Small Cap Indexes Russell Frontier® Small Cap Russell Frontier® Africa Small Cap Russell Frontier® Americas Small Cap Russell Frontier® Asia Pacific Small Cap

May 27, 2016

50

8

681

98

307

353

3

2

586

366

488

484

159

5

629

95

301

260

TOTAL Maroc SA (MA) TOTAL Maroc SA (MA) Cresud Sociedad Anonima Comercial Inmobiliaria Financiera y Agropecuaria (AR) GlaxoSmithKline Pakistan Limited (PK)

Engro Powergen Qadirpur Limited (PK) Universal Auto Distributors Holding (TN) Trinidad Y Tobago Producciones S.L. (TT) Engro Powergen Qadirpur Limited (PK)

7 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 1: Market range comparison

As of May 27, 2016

Market cap range (USD millions) Reconstitution as of May 27, 2016

Securities

Countries

Largest

Smallest

Russell Frontier® Europe Small Cap

16

8

658

100

411

446

Russell Frontier® ex-GCC Small Cap

239

24

681

95

327

310

44

4

644

102

366

401

Russell Frontier® Middle East Small Cap

May 27, 2016

$ Wtd average

Median

Largest company by market cap

Smallest company by market cap

ZAVAROVALNICA TRIGLAV d.d. Ljubljana (SI) ProSafe SE (CY) TOTAL Maroc SA (MA) Bank of Jordan PLC (JO)

Engro Powergen Qadirpur Limited (PK) A'ayan Leasing & Investment Co. (KW)

8 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 1: Market range comparison

As of May 27, 2016

Market cap range (USD millions) Index as of May 27, 2016

Securities

Countries

Largest

Smallest

$ Wtd average

Median

Largest company by market cap

Smallest company by market cap

Broad Indexes Russell Frontier®

466

33

31,369

20

4,230

2,615

Qatar National Bank S.A.Q. (QA)

Japan Vietnam Med Instr Jsc (VN)

Russell Frontier® Africa

98

11

14,988

79

3,303

2,615

Dangote Cement Plc (NG)

WPP Scangroup Limited (KE)

Russell Frontier® Americas

17

3

8,498

366

4,439

3,505

YPF S.A. (AR)

Trinidad & Tobago NGL Ltd (TT)

189

6

7,478

20

2,343

1,090

Oil Search Limited (PG)

Japan Vietnam Med Instr Jsc (VN)

Russell Frontier® Europe

37

8

5,396

36

2,144

1,707

Brait S.E. (MT)

Songa Offshore (CY)

Russell Frontier® ex-GCC

350

29

14,988

20

3,227

2,154

Dangote Cement Plc (NG)

Japan Vietnam Med Instr Jsc (VN)

Russell Frontier® Middle East

125

5

31,369

56

6,216

4,109

Qatar National Bank S.A.Q. (QA)

Noor Financial Investment K.S.C.C (KW)

Russell Frontier® Asia Pacific

Large Cap Indexes Russell Frontier® Large Cap

195

31

31,369

100

4,987

3,324

Qatar National Bank S.A.Q. (QA)

ProSafe SE (CY)

Russell Frontier® Africa Large Cap

52

10

14,988

280

3,727

3,047

Dangote Cement Plc (NG)

Transnational Corp of Nigeria PLC (NG)

Russell Frontier® Americas Large Cap

13

3

8,498

664

4,857

3,526

YPF S.A. (AR)

Empresa Distribuidora Y Comercializadora (AR)

Russell Frontier® Asia Pacific Large Cap

43

6

7,478

259

3,585

2,267

Oil Search Limited (PG)

Hoang Anh Gia Lai International Agricul (VN)

Russell Frontier® Europe Large Cap

23

7

5,396

100

2,366

2,112

Brait S.E. (MT)

ProSafe SE (CY)

Russell Frontier® ex-GCC Large Cap

135

27

14,988

100

3,911

3,047

Dangote Cement Plc (NG)

ProSafe SE (CY)

64

5

31,369

392

6,903

5,021

Qatar National Bank S.A.Q. (QA)

Jordan Phosphate Mines (JO)

Russell Frontier® Middle East Large Cap Mid Cap Indexes Russell Frontier® Midcap

143

29

4,461

100

1,633

1,537

Vingroup Joint Stock Company (VN)

ProSafe SE (CY)

Russell Frontier® Africa Midcap

39

9

2,373

280

1,206

1,088

East African Breweries Limited (KE)

Transnational Corp of Nigeria PLC (NG)

Russell Frontier® Americas MidCap

10

3

3,526

815

2,698

2,856

Telecom Argentina S.A. (AR)

Scotia Group Jamaica Ltd (JM)

Russell Frontier® Asia Pacific MidCap

38

5

4,461

259

1,708

1,427

Vingroup Joint Stock Company (VN)

Hoang Anh Gia Lai International Agricul (VN)

Russell Frontier® Europe MidCap

20

7

2,979

100

1,517

1,579

Aroundtown Property Holdings PLC. (CY)

ProSafe SE (CY)

Russell Frontier® ex-GCC Midcap

109

25

4,461

100

1,660

1,472

Vingroup Joint Stock Company (VN)

ProSafe SE (CY)

36

5

2,731

392

1,531

1,632

Milaha (QA)

Jordan Phosphate Mines (JO)

271

30

1,593

20

420

356

Pampa Energia S.A. (AR)

Japan Vietnam Med Instr Jsc (VN)

46

9

681

79

333

298

Russell Frontier® Middle East MidCap Small Cap Indexes Russell Frontier® Small Cap Russell Frontier® Africa Small Cap Russell Frontier® Americas Small Cap

TOTAL Maroc SA (MA)

WPP Scangroup Limited (KE)

4

2

1,593

366

1,082

1,593

Pampa Energia S.A. (AR)

Trinidad & Tobago NGL Ltd (TT)

146

6

944

20

360

287

Mari Petroleum Company Limited (PK)

Japan Vietnam Med Instr Jsc (VN)

Russell Frontier® Europe Small Cap

14

8

658

36

421

432

ZAVAROVALNICA TRIGLAV d.d. Ljubljana (SI) Songa Offshore (CY)

Russell Frontier® ex-GCC Small Cap

215

26

1,593

20

423

356

Pampa Energia S.A. (AR)

Japan Vietnam Med Instr Jsc (VN)

61

5

941

56

418

372

Oman International Development and Investment Company SAOG (OM)

Noor Financial Investment K.S.C.C (KW)

Russell Frontier® Asia Pacific Small Cap

Russell Frontier® Middle East Small Cap

May 27, 2016

9 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 2: Index weight by country

As of May 27, 2016

Russell Global Index Country

Reconstitution index weight %

Index weight %

Difference %

Russell Global Index

Country

Reconstitution index weight %

Index weight %

Difference % 0.0024

Russell Global Index

Australia

2.3136

2.2432

0.0704

Portugal

0.0616

0.0592

Austria

0.1011

0.0978

0.0033

Russia

0.4361

0.4328

0.0033

Belgium

0.5134

0.4993

0.0141

Singapore

0.4873

0.4883

-0.0010

Brazil

0.5911

0.6174

-0.0263

South Africa

0.7038

0.6756

0.0282

Canada

3.2084

3.1677

0.0407

Spain

1.0294

1.0328

-0.0034

Chile

0.1299

0.1310

-0.0011

Sweden

1.0614

1.0221

0.0393

China

2.6293

2.7043

-0.0750

Switzerland

2.9884

3.0645

-0.0761

Colombia

0.0680

0.0694

-0.0014

Taiwan

1.3153

1.3101

0.0052

Czech Republic

0.0195

0.0160

0.0035

Thailand

0.2914

0.2831

0.0083

Denmark

0.6533

0.6701

-0.0168

Turkey

0.1390

0.1388

0.0002

Finland

0.3681

0.3656

0.0025

0.1083

0.0960

0.0123

France

2.8864

3.0080

-0.1216

United Arab Emirates

Germany

2.8168

2.8358

-0.0190

United States

6.2588

6.0666

0.1922

52.6524

52.9173

-0.2649

Greece

0.0496

0.0390

Hong Kong

1.1799

0.9414

0.2385

Hungary

0.0276

0.0282

-0.0006

Australia

1.9975

1.0339

0.9636

India

1.0206

0.9637

0.0569

Austria

0.1510

0.1639

-0.0129

Indonesia

0.2598

0.2421

0.0177

Belgium

0.2825

0.3387

-0.0562

0.0334

Brazil

0.8911

0.9648

-0.0737

0.0092

Canada

2.8888

2.5337

0.3551

0.0627

0.0783

-0.0156

Ireland Israel

0.4070 0.3002

0.3736 0.2910

0.0106

United Kingdom

Russell Global Dynamic Index

Italy

0.7736

0.7601

0.0135

Chile

Japan

7.5946

7.7203

-0.1257

China

4.4023

4.6197

-0.2174

-0.0074

Colombia

0.0740

0.0537

0.0203

-0.0281

Czech Republic

0.0065

Denmark

0.5351

0.4811

0.0540

0.3855

0.3959

-0.0104

Korea Luxembourg Malaysia

1.5073 0.1085 0.3878

1.5147 0.1366 0.3789

0.0089

0.0065

Mexico

0.4203

0.4247

-0.0044

Finland

Netherlands

1.4211

1.4693

-0.0482

France

2.7999

2.7743

0.0256

2.5843

2.6323

-0.0480 0.0147

New Zealand

0.1238

0.1125

0.0113

Germany

Norway

0.2517

0.2496

0.0021

Greece

0.0938

0.0791

-0.0048

Hong Kong

0.9682

0.7410

0.2272

0.0379

0.0530

-0.0151

1.0085

1.2484

-0.2399

Peru

0.0364

0.0412

Philippines

0.1703

0.1705

-0.0002

Hungary

Poland

0.1254

0.1275

-0.0021

India

May 27, 2016

10 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 2: Index weight by country

As of May 27, 2016

Russell Global Index Country

Reconstitution index weight %

Index weight %

Difference %

Russell Global Dynamic Index

Country

Reconstitution index weight %

Index weight %

Difference %

Russell Global Defensive Index

Indonesia

0.3139

0.2768

0.0371

Belgium

0.7478

0.6408

0.1070

Ireland

0.5644

0.5446

0.0198

Brazil

0.2864

0.3112

-0.0248

Israel

0.1317

0.1230

0.0087

Canada

3.5330

3.7265

-0.1935

Italy

1.1777

1.2118

-0.0341

Chile

0.1982

0.1774

0.0208

Japan

10.3284

9.7692

0.5592

China

0.8288

1.0163

-0.1875

Korea

1.7487

1.9998

-0.2511

Colombia

0.0618

0.0831

-0.0213

Luxembourg

0.1553

0.2045

-0.0492

Czech Republic

0.0327

0.0302

0.0025

Malaysia

0.1105

0.1049

0.0056

Denmark

0.7733

0.8367

-0.0634

Mexico

0.3125

0.3526

-0.0401

Finland

0.3505

0.3390

0.0115

Netherlands

1.7293

1.3594

0.3699

France

2.9743

3.2140

-0.2397

New Zealand

0.0480

0.0413

0.0067

Germany

3.0528

3.0152

0.0376

Norway

0.2971

0.3080

-0.0109

Greece

0.0048

0.0037

0.0011

Peru

0.0664

0.0492

0.0172

Hong Kong

1.3949

1.1180

0.2769

Philippines

0.1729

0.1705

0.0024

Hungary

0.0171

0.0063

0.0108

Poland

0.1231

0.1259

-0.0028

India

1.0329

0.7128

0.3201

Portugal

0.0617

0.1104

-0.0487

Indonesia

0.2049

0.2115

-0.0066

Russia

0.5772

0.7838

-0.2066

Ireland

0.2472

0.2230

0.0242

Singapore

0.2378

0.1654

0.0724

Israel

0.4714

0.4390

0.0324

South Africa

0.7156

0.5774

0.1382

Italy

0.3632

0.3620

0.0012

Spain

1.3450

1.5207

-0.1757

Japan

4.8186

5.9145

-1.0959

Sweden

0.7724

0.8030

-0.0306

Korea

1.2622

1.0872

0.1750

Switzerland

1.0248

1.3792

-0.3544

Luxembourg

0.0610

0.0768

-0.0158

Taiwan

0.9035

0.8777

0.0258

Malaysia

0.6694

0.6204

0.0490

Thailand

0.2772

0.3571

-0.0799

Mexico

0.5297

0.4882

0.0415

Turkey

0.2001

0.2315

-0.0314

Netherlands

1.1082

1.5661

-0.4579

United Arab Emirates

0.1614

0.1860

-0.0246

New Zealand

0.2008

0.1752

0.0256

Norway

0.2056

0.1982

0.0074

United Kingdom

4.6200

4.5452

0.0748

Peru

0.0059

0.0341

-0.0282

52.6515

53.6270

-0.9755

Philippines

0.1677

0.1705

-0.0028

Poland

0.1277

0.1289

-0.0012

Portugal

0.0615

0.0140

0.0475

Russia

0.2929

0.1235

0.1694

United States

Russell Global Defensive Index Australia

2.6345

3.3089

-0.6744

Austria

0.0504

0.0396

0.0108

May 27, 2016

11 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 2: Index weight by country

As of May 27, 2016

Russell Global Index Country

Reconstitution index weight %

Index weight %

Difference %

Russell Global Defensive Index

Country

Reconstitution index weight %

Index weight %

Difference % 0.0026

Russell Global Large Cap Index

Singapore

0.7406

0.7728

-0.0322

Israel

0.2600

0.2574

South Africa

0.6918

0.7622

-0.0704

Italy

0.7771

0.7458

0.0313

Spain

0.7089

0.6028

0.1061

Japan

7.0591

7.1067

-0.0476

Sweden

1.3549

1.2151

0.1398

Korea

1.3101

1.3317

-0.0216

Switzerland

4.9825

4.5498

0.4327

Luxembourg

0.1111

0.1325

-0.0214

Taiwan

1.7334

1.6912

0.0422

Malaysia

0.3366

0.3293

0.0073

Thailand

0.3059

0.2179

0.0880

Mexico

0.4095

0.4190

-0.0095

Turkey

0.0770

0.0571

0.0199

Netherlands

1.4867

1.5513

-0.0646

United Arab Emirates

0.0543

0.0166

0.0377

New Zealand

0.0673

0.0551

0.0122

Norway

0.2052

0.2015

0.0037

United Kingdom

7.9230

7.4074

0.5156

Peru

0.0305

0.0332

-0.0027

52.6532

52.2919

0.3613

Philippines

0.1582

0.1602

-0.0020

Poland

0.0958

0.1011

-0.0053

United States

Russell Global Large Cap Index Australia

2.2366

2.1779

0.0587

Portugal

0.0605

0.0582

0.0023

Austria

0.0797

0.0784

0.0013

Russia

0.4630

0.4634

-0.0004

Belgium

0.5055

0.4851

0.0204

Singapore

0.4406

0.4414

-0.0008

Brazil

0.5763

0.6188

-0.0425

South Africa

0.6611

0.6348

0.0263

Canada

3.1001

3.0812

0.0189

Spain

1.0780

1.0753

0.0027

Chile

0.1195

0.1201

-0.0006

Sweden

1.0280

0.9613

0.0667

China

2.6432

2.6685

-0.0253

Switzerland

3.1684

3.2573

-0.0889

Colombia

0.0736

0.0750

-0.0014

Taiwan

1.0851

1.0952

-0.0101

Czech Republic

0.0166

0.0153

0.0013

Thailand

0.2300

0.2240

0.0060

Denmark

0.6718

0.6900

-0.0182

Turkey

0.1250

0.1256

-0.0006

Finland

0.3517

0.3486

0.0031

0.0721

0.0313

3.0847

3.1998

-0.1151

United Arab Emirates

0.1034

France Germany

2.9521

2.9523

-0.0002

United Kingdom

Greece

0.0348

0.0225

0.0123

United States

Hong Kong

1.1555

0.9485

0.2070

Russell Global Large Cap Dynamic Index

Hungary

0.0286

0.0294

-0.0008

Australia

1.8684

0.8465

1.0219

India

0.9140

0.8538

0.0602

Austria

0.1328

0.1456

-0.0128

Indonesia

0.2360

0.2169

0.0191

Belgium

0.2582

0.3027

-0.0445

Ireland

0.4168

0.3823

0.0345

Brazil

0.8986

0.9878

-0.0892

May 27, 2016

6.2677

6.0568

0.2109

53.7825

54.1431

-0.3606

12 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 2: Index weight by country

As of May 27, 2016

Russell Global Index Country

Reconstitution index weight %

Index weight %

Difference %

Russell Global Large Cap Dynamic Index

Country

Reconstitution index weight %

Index weight %

Difference %

Russell Global Large Cap Dynamic Index

Canada

2.5963

2.3103

0.2860

Spain

1.4121

1.5885

-0.1764

Chile

0.0627

0.0745

-0.0118

Sweden

0.7389

0.7397

-0.0008

China

4.4222

4.5692

-0.1470

Switzerland

1.0633

1.4330

-0.3697

Colombia

0.0793

0.0582

0.0211

Taiwan

0.6808

0.6866

-0.0058

Czech Republic

0.0023

0.0023

Thailand

0.2254

0.2825

-0.0571

Denmark

0.5569

0.4849

0.0720

Turkey

0.1901

0.2235

-0.0334

Finland

0.3658

0.3811

-0.0153

0.1560

0.1524

0.0036

France

2.9577

2.8907

0.0670

United Arab Emirates

Germany

2.7020

2.7366

-0.0346

Greece

0.0691

0.0480

0.0211

Hong Kong

0.8853

0.7103

0.1750

Hungary

0.0417

0.0584

-0.0167

Australia

India

0.8591

1.0583

-0.1992

Austria

Indonesia

0.2575

0.2136

0.0439

Ireland

0.6055

0.5822

0.0233

Israel

0.0839

0.0874

-0.0035

Italy

1.2124

1.2109

0.0015

United Kingdom

4.6498

4.4690

0.1808

53.7779

55.1127

-1.3348

2.6113

3.3508

-0.7395

0.0256

0.0192

0.0064

Belgium

0.7572

0.6457

0.1115

Brazil

0.2483

0.2937

-0.0454

Canada

3.6128

3.7603

-0.1475

Chile

0.1773

0.1603

0.0170

China

0.8329

0.9940

-0.1611 -0.0220

United States

Russell Global Large Cap Defensive Index

Japan

10.2568

9.6364

0.6204

Korea

1.4026

1.6979

-0.2953

Colombia

0.0678

0.0898

-0.0343

Czech Republic

0.0311

0.0289

0.0022

Denmark

0.7887

0.8708

-0.0821

Luxembourg

0.1588

0.1931

Malaysia

0.0640

0.0637

0.0003

Mexico

0.2926

0.3285

-0.0359

Finland

0.3373

0.3200

0.0173

France

3.2140

3.4722

-0.2582

Germany

3.2066

3.1423

0.0643

0.0010

Hong Kong

1.4305

1.1584

0.2721

0.0133

Hungary

0.0152

0.0038

0.0114

0.0048

India

0.9698

0.6737

0.2961

Indonesia

0.2141

0.2198

-0.0057 0.0186

Netherlands

1.8206

1.4151

0.4055

New Zealand

0.0170

0.0210

-0.0040

Norway Peru Philippines

0.2457 0.0605 0.1631

0.2447 0.0472 0.1583

Poland

0.1085

0.0978

0.0107

Portugal

0.0655

0.1169

-0.0514

Ireland

0.2248

0.2062

-0.2296

Israel

0.4391

0.4071

0.0320

0.3341

0.3360

-0.0019

3.8050

4.8780

-1.0730

Russia

0.6059

0.8355

Singapore

0.2137

0.1207

0.0930

Italy

South Africa

0.7104

0.5757

0.1347

Japan

May 27, 2016

13 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 2: Index weight by country

As of May 27, 2016

Russell Global Index Country

Reconstitution index weight %

Index weight %

Difference %

Russell Global Large Cap Defensive Index

Country

Reconstitution index weight %

Index weight %

Difference % -0.0032

Russell Global Small Cap Index

Korea

1.2159

1.0092

0.2067

Luxembourg

0.0626

0.0792

-0.0166

Colombia

0.0132

0.0164

Czech Republic

0.0484

0.0225

Malaysia

0.6140

0.5633

0.0259

0.0507

Denmark

0.4733

0.4819

-0.0086

Mexico

0.5285

Netherlands

1.1469

0.4987

0.0298

Finland

0.5286

0.5263

0.0023

1.6713

-0.5244

France

0.9550

1.1969

-0.2419

New Zealand Norway

0.1185

0.0852

0.0333

Germany

1.4990

1.7363

-0.2373

0.1639

0.1635

0.0004

Greece

0.1937

0.1954

-0.0017

0.0208

-0.0208

Hong Kong

1.4170

0.8744

0.5426

Peru Philippines

0.1533

0.1618

-0.0085

Hungary

0.0176

0.0170

0.0006

Poland

0.0828

0.1040

-0.0212

India

2.0594

2.0010

0.0584

Portugal

0.0553

0.0065

0.0488

Indonesia

0.4920

0.4796

0.0124

Russia

0.3176

0.1357

0.1819

Ireland

0.3114

0.2917

0.0197

Singapore

0.6716

0.7238

-0.0522

Israel

0.6925

0.6088

0.0837

South Africa

0.6109

0.6869

-0.0760

Italy

0.7394

0.8957

-0.1563

Spain

0.7380

0.6232

0.1148

Japan

12.8107

13.5142

-0.7035

Sweden

1.3223

1.1565

0.1658

Korea

3.4286

3.2426

0.1860

Switzerland

5.3106

4.8646

0.4460

Luxembourg

0.0828

0.1757

-0.0929

Taiwan

1.4966

1.4552

0.0414

Malaysia

0.8872

0.8475

0.0397

Thailand

0.2346

0.1724

0.0622

Mexico

0.5253

0.4784

0.0469

Turkey

0.0589

0.0394

0.0195

Netherlands

0.7823

0.6946

0.0877

United Arab Emirates

0.0499

0.0014

0.0485

New Zealand

0.6742

0.6539

0.0203

Norway

0.7054

0.7042

0.0012

United Kingdom

7.9141

7.4555

0.4586

Peru

0.0933

0.1166

-0.0233

53.7872

53.2889

0.4983

Philippines

0.2882

0.2680

0.0202

Poland

0.4136

0.3769

0.0367

United States

Russell Global Small Cap Index Australia

3.0632

2.8601

0.2031

Portugal

0.0724

0.0680

0.0044

Austria

0.3095

0.2813

0.0282

Russia

0.1740

0.1437

0.0303

Belgium

0.5898

0.6335

-0.0437

Singapore

0.9415

0.9312

0.0103

Brazil

0.7351

0.6043

0.1308

South Africa

1.1196

1.0609

0.0587

Canada

4.2630

3.9848

0.2782

Spain

0.5563

0.6310

-0.0747

Chile

0.2314

0.2335

-0.0021

Sweden

1.3867

1.5956

-0.2089

China

2.4933

3.0420

-0.5487

Switzerland

1.2353

1.2440

-0.0087

May 27, 2016

14 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 2: Index weight by country

As of May 27, 2016

Russell Global Index Country

Reconstitution index weight %

Index weight %

Difference %

Russell Global Small Cap Index

Country

Reconstitution index weight %

Index weight %

Difference %

Russell Global Small Cap Dynamic Index

Taiwan

3.5569

3.3397

0.2172

Malaysia

0.5695

0.4929

0.0766

Thailand

0.8901

0.8414

0.0487

Mexico

0.5093

0.5801

-0.0708

Turkey

0.2752

0.2631

0.0121

Netherlands

0.8293

0.8347

-0.0054

United Arab Emirates

0.1552

0.3207

-0.1655

New Zealand

0.3530

0.2326

0.1204

Norway

0.8040

0.9048

-0.1008

Peru

0.1240

0.0678

0.0562

Philippines

0.2696

0.2846

-0.0150

Poland

0.2669

0.3915

-0.1246

Portugal

0.0244

0.0489

-0.0245

United Kingdom United States

6.1725

6.1593

0.0132

41.6444

41.3432

0.3012

Russell Global Small Cap Dynamic Index Australia

3.2694

2.8002

0.4692

Austria

0.3296

0.3364

-0.0068

Russia

0.2945

0.2971

-0.0026

Belgium

0.5221

0.6780

-0.1559

Singapore

0.4748

0.5861

-0.1113

Brazil

0.8170

0.7480

0.0690

South Africa

0.7666

0.5928

0.1738

Canada

5.7697

4.6382

1.1315

Spain

0.6842

0.8816

-0.1974

Chile

0.0625

0.1143

-0.0518

Sweden

1.1027

1.3995

-0.2968

China

4.2066

5.0951

-0.8885

Switzerland

0.6446

0.8729

-0.2283

Colombia

0.0219

0.0121

0.0098

Taiwan

3.0976

2.6785

0.4191

Czech Republic

0.0484

0.0484

Thailand

0.7875

1.0596

-0.2721

Denmark

0.3202

0.4457

-0.1255

Turkey

0.2996

0.3061

-0.0065

Finland

0.5800

0.5349

0.0451

0.2147

0.5019

-0.2872

France

1.2457

1.6778

-0.4321

United Arab Emirates

Germany

1.4254

1.6497

-0.2243

United Kingdom

4.3262

5.2634

-0.9372

Greece

0.3364

0.3719

-0.0355

United States

41.5542

39.6254

1.9288

Hong Kong

1.7846

1.0304

0.7542

Hungary

Russell Global Small Cap Defensive Index

0.0020

-0.0020

Australia

2.8581

2.9131

-0.0550

India

2.4806

3.0396

-0.5590

Austria

0.2895

0.2326

0.0569

Indonesia

0.8699

0.8724

-0.0025

Belgium

0.6572

0.5942

0.0630

Ireland

0.1596

0.1895

-0.0299

Brazil

0.6536

0.4773

0.1763

Israel

0.6018

0.4593

0.1425

Canada

2.7644

3.4070

-0.6426

Italy

0.8362

1.2206

-0.3844

Chile

0.3993

0.3388

0.0605

Japan

11.0337

11.0210

0.0127

China

0.7891

1.2268

-0.4377

Korea

5.1588

4.8454

0.3134

Colombia

0.0046

0.0202

-0.0156

Luxembourg

0.1202

0.3126

-0.1924

Czech Republic

0.0483

0.0425

0.0058

May 27, 2016

15 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 2: Index weight by country

As of May 27, 2016

Russell Global Index Country

Reconstitution index weight %

Index weight %

Difference %

Russell Global Small Cap Defensive Index

Reconstitution index weight %

Index weight %

Difference %

Russell Global Small Cap Defensive Index

Denmark

0.6256

0.5139

0.1117

Finland

0.4775

0.5186

-0.0411

France

0.6659

0.7717

-0.1058

Germany

1.5721

1.8128

-0.2407

Greece

0.0518

0.0392

0.0126

Hong Kong

1.0515

0.7365

0.3150

Hungary

0.0352

0.0303

0.0049

India

1.6405

1.0827

0.5578

Indonesia

0.1162

0.1324

-0.0162

Ireland

0.4624

0.3821

0.0803

Israel

0.7827

0.7410

0.0417

Italy

0.6431

0.6084

0.0347

Japan

14.5782

15.7186

-1.1404

Korea

1.7077

1.8254

-0.1177

Luxembourg

0.0456

0.0546

-0.0090

Malaysia

1.2032

1.1610

0.0422

Mexico

0.5412

0.3885

0.1527

Netherlands

0.7355

0.5707

0.1648

New Zealand

0.9937

1.0263

-0.0326

Norway

0.6073

0.5268

0.0805

Peru

0.0629

0.1597

-0.0968

Philippines

0.3067

0.2534

0.0533

Poland

0.5596

0.3641

0.1955

Portugal

0.1202

0.0849

0.0353

Russia

0.0541

0.0081

0.0460

Singapore

1.4057

1.2363

0.1694

South Africa

1.4706

1.4748

-0.0042

Spain

0.4290

0.4094

0.0196

Sweden

1.6692

1.7690

-0.0998

Switzerland

1.8228

1.5721

0.2507

Taiwan

4.0138

3.9243

0.0895

Thailand

0.9921

0.6484

0.3437

May 27, 2016

Country Turkey

0.2510

0.2251

0.0259

United Arab Emirates

0.0959

0.1605

-0.0646

United Kingdom United States

8.0088

6.9515

1.0573

41.7341

42.8621

-1.1280

16 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 2: Index weight by country

As of May 27, 2016

Russell Frontier Index Country

Reconstitution index weight %

Index weight %

Difference %

Russell Frontier® Index

Country

Reconstitution index weight %

Index weight %

Difference %

Russell Frontier® Index

Argentina

8.0658

8.8933

-0.8275

Tunisia

0.4833

0.3180

0.1653

Bahrain

1.9157

2.1332

-0.2175

Ukraine

0.3100

0.5949

-0.2849

Bangladesh

3.5333

3.4867

0.0466

Vietnam

4.2123

3.6209

0.5914

Botswana

0.5366

0.5560

-0.0194

Cote d'Ivoire

0.5424

0.0427

0.4997

Argentina

9.1520

9.5078

-0.3558

Croatia

0.9290

0.6672

0.2618

Bahrain

1.9387

2.1599

-0.2212

Cyprus

1.7302

1.6630

0.0672

Bangladesh

1.5594

1.3390

0.2204

Egypt

2.5924

2.4302

0.1622

Botswana

0.1362

0.1373

-0.0011

Estonia

0.3134

0.2794

0.0340

Cote d'Ivoire

0.0763

Gabon

0.0546

0.0547

-0.0001

Croatia

0.6688

0.6579

0.0109

Jamaica

0.1910

0.0976

0.0934

Cyprus

1.8198

1.6023

0.2175

Jordan

4.4321

4.5943

-0.1622

Egypt

3.0917

2.9137

0.1780

Kazakhstan

0.0865

0.0867

-0.0002

Estonia

0.2570

0.2660

-0.0090 -0.0004

Russell Frontier® Large Cap Index

0.0763

Kenya

3.1818

3.5215

-0.3397

Gabon

0.0652

0.0656

Kuwait

12.8551

13.8295

-0.9744

Jamaica

0.2278

0.1170

0.1108

0.0581

Jordan

4.4221

4.9155

-0.4934

Lithuania

0.0581

Malta

1.9805

1.9149

0.0656

Kazakhstan

0.1032

0.0642

0.0390

Mauritius

0.8967

0.9112

-0.0145

Kenya

3.3674

3.4127

-0.0453

Morocco

5.6265

5.7357

-0.1092

Kuwait

14.0558

14.6864

-0.6306

Nigeria

8.9050

8.9173

-0.0123

Malta

2.2196

2.1868

0.0328

Oman

3.5893

3.5809

0.0084

Mauritius

0.8930

0.9039

-0.0109

Pakistan

8.4303

7.7048

0.7255

Morocco

6.2257

6.3467

-0.1210

Papua New Guinea

3.0538

3.0781

-0.0243

Nigeria

9.2304

9.6075

-0.3771

14.8972

13.9221

0.9751

Oman

3.3995

2.7785

0.6210

Romania

2.4100

2.4163

-0.0063

Pakistan

6.4220

5.3830

1.0390

Senegal

0.5766

0.5907

-0.0141

Papua New Guinea

3.6016

3.6498

-0.0482

Serbia

0.0095

0.0140

-0.0045

Qatar

17.4542

16.2572

1.1970

Slovenia

1.4726

1.5618

-0.0892

Romania

2.7519

2.7739

-0.0220

Sri Lanka

1.5325

1.4740

0.0585

Senegal

0.6877

0.6817

0.0060

Tanzania

0.4708

0.6027

-0.1319

Slovenia

1.5198

1.5364

-0.0166

Trinidad and Tobago

0.1230

0.7042

-0.5812

Sri Lanka

0.9173

0.8380

0.0793

Tanzania

0.3267

0.5598

-0.2331

Qatar

May 27, 2016

17 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 2: Index weight by country

As of May 27, 2016

Russell Frontier Index Country

Reconstitution index weight %

Index weight %

Difference %

Russell Frontier® Large Cap Index Trinidad and Tobago

Country

0.7103

Tanzania

1.2191

0.8183

0.4008

0.7622

0.6735

0.0887

1.8921

0.8428

1.0493

0.2964

-0.2964

6.3813

5.0309

0.2121

0.2136

-0.0015

Ukraine

0.3697

0.6543

-0.2846

Tunisia

Vietnam

2.8258

3.0718

-0.2460

Ukraine

5.8045

-3.3792

Vietnam

Russell Frontier® Small Cap Index Bahrain

1.7965

1.9993

-0.2028

13.7833

14.2836

-0.5003

Botswana

2.6158

2.6610

-0.0452

Cote d'Ivoire

2.9625

0.2575

2.7050

Croatia

2.2804

0.7135

1.5669

Cyprus

1.2646

1.9680

-0.7034

Estonia

0.6067

0.3465

0.2602

Jordan

4.4837

2.9795

1.5042

0.1997

-0.1997

Bangladesh

Kazakhstan Kenya

2.2184

4.0685

-1.8501

Kuwait

6.6200

9.5220

-2.9020

Lithuania

0.3603

Malta

0.7391

0.5477

0.1914

Mauritius

0.9159

0.9481

-0.0322

Morocco

2.5148

2.6641

-0.1493

Nigeria

7.2153

5.4471

1.7682

Oman

4.5749

7.6147

-3.0398 -0.5184

Pakistan

18.8590

19.3774

0.2091

0.2036

0.0055

Qatar

1.6193

2.1827

-0.5634

Romania

0.6345

0.6187

0.0158

0.1327

-0.1327

Serbia

0.0591

0.0844

-0.0253

Slovenia

1.2274

1.6898

-0.4624

Sri Lanka

4.7271

4.6713

0.0558

May 27, 2016

11.4122

0.3603

Papua New Guinea

Senegal

Difference %

-0.7103

Tunisia

2.4253

Index weight %

Russell Frontier® Small Cap Index Trinidad and Tobago

Argentina

Reconstitution index weight %

18 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 3: Region sector weights Sector

Sector description

Reconstitution Index weight %

Index weight %

As of May 27, 2016 Difference %

Russell Global Index

Sector

Sector description

Reconstitution Index weight %

Index weight %

Difference %

Russell Global Large Cap Index

1

Technology

12.9135

12.9907

-0.0772

1

Technology

12.9825

13.0587

2

Health Care

11.6178

11.6158

0.0020

2

Health Care

11.7984

11.7503

0.0481

3

Consumer Discretionary

13.6681

13.7581

-0.0900

3

Consumer Discretionary

13.4669

13.6009

-0.1340

4

Consumer Staples

9.0413

8.9958

0.0455

4

Consumer Staples

9.4231

9.3269

0.0962

6

Energy

6.5320

6.5778

-0.0458

6

Energy

6.8422

6.9705

-0.1283

7

Materials & Processing

6.0387

6.0315

0.0072

7

Materials & Processing

5.5797

5.5918

-0.0121

8

Producer Durables

11.0036

11.1101

-0.1065

8

Producer Durables

10.5428

10.6845

-0.1417

10

Financial Services

22.5241

22.2929

0.2312

10

Financial Services

22.4016

22.1050

0.2966

11

Utilities

6.6604

6.6270

0.0334

11

Utilities

6.9624

6.9108

0.0516

Russell Global Dynamic Index

-0.0762

Russell Global Large Cap Dynamic Index

1

Technology

15.1560

13.5567

1.5993

1

Technology

15.2705

13.4597

1.8108

2

Health Care

9.1625

9.4877

-0.3252

2

Health Care

8.7085

9.0020

-0.2935

3

Consumer Discretionary

15.1721

16.5296

-1.3575

3

Consumer Discretionary

15.1324

16.5606

-1.4282

4

Consumer Staples

3.5993

3.6559

-0.0566

4

Consumer Staples

3.5882

3.6622

-0.0740

6

Energy

9.1741

8.3974

0.7767

6

Energy

9.4687

8.7471

0.7216

7

Materials & Processing

8.1481

8.0608

0.0873

7

Materials & Processing

7.6459

7.6160

0.0299

8

Producer Durables

10.8296

10.4233

0.4063

8

Producer Durables

10.5098

10.1315

0.3783

10

Financial Services

24.4035

23.9759

0.4276

10

Financial Services

25.1602

24.6005

0.5597

11

Utilities

4.3544

5.9123

-1.5579

11

Utilities

4.5154

6.2201

-1.7047

Russell Global Defensive Index

Russell Global Large Cap Defensive Index

1

Technology

10.6363

12.4919

-1.8556

1

Technology

10.6542

12.7054

-2.0512

2

Health Care

14.1112

13.4912

0.6200

2

Health Care

14.9429

14.1715

0.7714

3

Consumer Discretionary

12.1408

11.3157

0.8251

3

Consumer Discretionary

11.7720

10.9935

0.7785

4

Consumer Staples

14.5676

13.7017

0.8659

4

Consumer Staples

15.3610

14.3175

1.0435

6

Energy

3.8489

4.9742

-1.1253

6

Energy

4.1693

5.4054

-1.2361

7

Materials & Processing

3.8966

4.2431

-0.3465

7

Materials & Processing

3.4770

3.8085

-0.3315

8

Producer Durables

11.1802

11.7153

-0.5351

8

Producer Durables

10.5764

11.1718

-0.5954

10

Financial Services

20.6157

20.8097

-0.1940

10

Financial Services

19.5942

19.9066

-0.3124

11

Utilities

9.0022

7.2568

1.7454

11

Utilities

9.4526

7.5193

1.9333

May 27, 2016

19 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 3: Region sector weights Sector

Sector description

Reconstitution Index weight %

Index weight %

As of May 27, 2016 Difference %

Russell Global Small Cap Index

Sector

Sector description

Reconstitution Index weight %

Index weight %

Difference %

Russell Frontier® Index

1

Technology

12.2411

12.3484

-0.1073

1

Technology

0.3842

0.3829

0.0013

2

Health Care

9.8590

10.3453

-0.4863

2

Health Care

4.2164

4.7583

-0.5419

3

Consumer Discretionary

15.6285

15.2427

0.3858

3

Consumer Discretionary

4.7906

5.0294

-0.2388

4

Consumer Staples

5.3224

5.8687

-0.5463

4

Consumer Staples

6.5296

6.1975

0.3321

6

Energy

3.5103

2.8698

0.6405

6

Energy

10.5356

10.5872

-0.0516

7

Materials & Processing

10.5093

10.1837

0.3256

7

Materials & Processing

8.8563

8.0400

0.8163

8

Producer Durables

15.4915

15.1280

0.3635

8

Producer Durables

5.2127

4.6708

0.5419

10

Financial Services

23.7180

24.0664

-0.3484

10

Financial Services

48.4471

49.3143

-0.8672

11

Utilities

3.7193

3.9467

-0.2274

11

Utilities

11.0271

11.0191

0.0080

Russell Global Small Cap Dynamic Index

Russell Frontier® Large Cap Index

1

Technology

14.0274

14.4708

-0.4434

1

Technology

0.2293

0.2298

-0.0005

2

Health Care

13.6352

14.0649

-0.4297

2

Health Care

4.2970

4.8594

-0.5624

3

Consumer Discretionary

15.5638

16.2374

-0.6736

3

Consumer Discretionary

4.4092

4.7756

-0.3664

4

Consumer Staples

3.7086

3.5966

0.1120

4

Consumer Staples

6.1695

6.2676

-0.0981

6

Energy

6.2717

5.1019

1.1698

6

Energy

10.4095

10.9746

-0.5651

7

Materials & Processing

13.0955

12.2531

0.8424

7

Materials & Processing

7.8494

6.8533

0.9961

8

Producer Durables

13.9806

13.1739

0.8067

8

Producer Durables

5.1070

4.3604

0.7466

10

Financial Services

16.9484

18.0889

-1.1405

10

Financial Services

50.2923

50.4447

-0.1524

11

Utilities

2.7682

3.0120

-0.2438

11

Utilities

11.2363

11.2342

0.0021

Russell Global Small Cap Defensive Index

Russell Frontier® Small Cap Index

1

Technology

10.4645

10.4718

-0.0073

1

Technology

1.1885

1.1524

0.0361

2

Health Care

6.1030

7.0565

-0.9535

2

Health Care

3.7978

4.2502

-0.4524

3

Consumer Discretionary

15.6928

14.3632

1.3296

3

Consumer Discretionary

6.7709

6.3057

0.4652

4

Consumer Staples

6.9277

7.8775

-0.9498

4

Consumer Staples

8.3994

5.8453

2.5541

6

Energy

0.7637

0.8962

-0.1325

6

Energy

11.1904

8.6396

2.5508

7

Materials & Processing

7.9370

8.3540

-0.4170

7

Materials & Processing

14.0851

14.0059

0.0792

8

Producer Durables

16.9944

16.8558

0.1386

8

Producer Durables

5.7619

6.2314

-0.4695

10

Financial Services

30.4513

29.3516

1.0997

10

Financial Services

38.8651

43.6312

-4.7661

11

Utilities

4.6653

4.7731

-0.1078

11

Utilities

9.9406

9.9378

0.0028

May 27, 2016

20 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Australia Sector

Sector description

Austria Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.5982

0.3214

0.2768

1

Technology

6.0826

5.6453

0.4373

2

Health Care

7.0890

7.2426

-0.1536

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

8.8914

8.7066

0.1848

3

Consumer Discretionary

1.6627

1.4782

0.1845

4

Consumer Staples

3.9400

3.8898

0.0502

4

Consumer Staples

0.0000

0.0000

0.0000

6

Energy

4.5240

4.2656

0.2584

6

Energy

11.3649

11.4518

-0.0869

7

Materials & Processing

14.2672

14.1096

0.1576

7

Materials & Processing

20.0203

20.5916

-0.5713

8

Producer Durables

7.2205

7.3897

-0.1692

8

Producer Durables

16.4535

17.1442

-0.6907

10

Financial Services

49.4425

49.9588

-0.5163

10

Financial Services

41.4751

40.6888

0.7863

11

Utilities

4.0268

4.1155

-0.0887

11

Utilities

2.9405

2.9997

-0.0592

1

Technology

0.9607

0.8999

0.0608

1

Technology

7.1211

7.1931

-0.0720

2

Health Care

1.8898

3.6751

-1.7853

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

5.6058

9.0669

-3.4611

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

2.8327

4.1092

-1.2765

4

Consumer Staples

0.0000

0.0000

0.0000

6

Energy

7.1290

9.4780

-2.3490

6

Energy

15.1039

12.4472

2.6567

7

Materials & Processing

27.1138

25.4174

1.6964

7

Materials & Processing

21.8735

22.2900

-0.4165

8

Producer Durables

7.2326

12.1745

-4.9419

8

Producer Durables

6.3848

13.0722

-6.6874

10

Financial Services

45.3405

33.2948

12.0457

10

Financial Services

46.6163

42.0253

4.5910

11

Utilities

1.8946

1.8837

0.0109

11

Utilities

2.9001

2.9719

-0.0718 2.9261

Dynamic

Dynamic

Defensive

Defensive

1

Technology

0.3192

0.1621

0.1571

1

Technology

2.9261

0.0000

2

Health Care

11.0921

8.2250

2.8671

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

11.4211

8.6073

2.8138

3

Consumer Discretionary

6.7166

6.8700

-0.1534

4

Consumer Staples

4.7926

3.8293

0.9633

4

Consumer Staples

0.0000

0.0000

0.0000

6

Energy

2.5183

2.8302

-0.3119

6

Energy

0.0000

7.8211

-7.8211

7

Materials & Processing

4.3757

10.9957

-6.6200

7

Materials & Processing

14.3875

14.3968

-0.0093

8

Producer Durables

7.2111

6.0722

1.1389

8

Producer Durables

47.0579

31.9967

15.0612

10

Financial Services

52.6008

54.5476

-1.9468

10

Financial Services

25.8482

35.8142

-9.9660

11

Utilities

5.6686

4.7300

0.9386

11

Utilities

3.0634

3.1010

-0.0376

May 27, 2016

21 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Belgium Sector

Sector description

Brazil Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference % 0.0785

Core

1

Technology

1.3628

1.4808

-0.1180

1

Technology

0.6065

0.5280

2

Health Care

6.8911

7.0781

-0.1870

2

Health Care

0.6769

0.5666

0.1103

3

Consumer Discretionary

1.3288

1.3502

-0.0214

3

Consumer Discretionary

7.4267

7.4909

-0.0642

4

Consumer Staples

55.8114

54.4364

1.3750

4

Consumer Staples

17.8539

20.2147

-2.3608

6

Energy

0.0000

0.0000

0.0000

6

Energy

10.9612

10.5775

0.3837

7

Materials & Processing

7.0951

7.2058

-0.1107

7

Materials & Processing

8.3685

8.5076

-0.1391

8

Producer Durables

2.2616

2.2042

0.0574

8

Producer Durables

5.9855

5.6280

0.3575

10

Financial Services

20.9312

21.9184

-0.9872

10

Financial Services

38.7982

37.5611

1.2371

11

Utilities

4.3177

4.3258

-0.0081

11

Utilities

9.3222

8.9251

0.3971

Dynamic

Dynamic

1

Technology

0.3416

1.2309

-0.8893

1

Technology

0.0000

0.1186

-0.1186

2

Health Care

8.0467

15.0228

-6.9761

2

Health Care

0.0052

0.3049

-0.2997

3

Consumer Discretionary

2.7769

2.4671

0.3098

3

Consumer Discretionary

8.4145

8.7951

-0.3806

4

Consumer Staples

16.2984

19.0825

-2.7841

4

Consumer Staples

10.4875

8.1835

2.3040

6

Energy

0.0000

0.0000

0.0000

6

Energy

10.9198

14.1680

-3.2482

7

Materials & Processing

23.8744

14.9914

8.8830

7

Materials & Processing

10.9402

11.4603

-0.5201

8

Producer Durables

3.4391

2.9784

0.4607

8

Producer Durables

6.1371

5.6658

0.4713

10

Financial Services

43.8949

41.4151

2.4798

10

Financial Services

46.8168

45.3938

1.4230

11

Utilities

1.3276

2.8116

-1.4840

11

Utilities

6.2785

5.9095

0.3690

Defensive

Defensive

1

Technology

1.7547

1.5972

0.1575

1

Technology

2.5223

1.6465

0.8758

2

Health Care

6.4477

3.3766

3.0711

2

Health Care

2.7983

1.2816

1.5167

3

Consumer Discretionary

0.7731

0.8298

-0.0567

3

Consumer Discretionary

4.3067

3.9280

0.3787

4

Consumer Staples

70.9731

70.9083

0.0648

4

Consumer Staples

41.1219

53.0823

-11.9604

6

Energy

0.0000

0.0000

0.0000

6

Energy

11.0919

0.7689

10.3230

7

Materials & Processing

0.6566

3.5784

-2.9218

7

Materials & Processing

0.2453

0.4409

-0.1956

8

Producer Durables

1.8097

1.8434

-0.0337

8

Producer Durables

5.5066

5.5248

-0.0182

10

Financial Services

12.1196

12.8346

-0.7150

10

Financial Services

13.4700

16.1630

-2.6930

11

Utilities

5.4651

5.0313

0.4338

11

Utilities

18.9364

17.1635

1.7729

May 27, 2016

22 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Canada Sector

Chile Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

2.9575

3.1022

-0.1447

1

Technology

1.5733

1.8669

-0.2936

2

Health Care

1.0649

1.0780

-0.0131

2

Health Care

0.9373

1.0350

-0.0977

3

Consumer Discretionary

6.1955

6.3260

-0.1305

3

Consumer Discretionary

7.4127

6.8618

0.5509

4

Consumer Staples

4.6903

4.7494

-0.0591

4

Consumer Staples

12.2375

12.1201

0.1174

6

Energy

20.2998

20.2334

0.0664

6

Energy

6.8216

6.9385

-0.1169

7

Materials & Processing

13.2916

12.9541

0.3375

7

Materials & Processing

9.6914

9.3728

0.3186

8

Producer Durables

7.8049

7.7115

0.0934

8

Producer Durables

8.9465

9.0995

-0.1530

10

Financial Services

38.2105

38.0569

0.1536

10

Financial Services

22.3880

23.8123

-1.4243

11

Utilities

5.4845

5.7881

-0.3036

11

Utilities

29.9912

28.8925

1.0987

Dynamic

Dynamic

1

Technology

3.2834

2.8322

0.4512

1

Technology

0.0000

0.0000

0.0000

2

Health Care

2.2285

2.7387

-0.5102

2

Health Care

0.0000

3.0647

-3.0647

3

Consumer Discretionary

6.9897

7.6738

-0.6841

3

Consumer Discretionary

4

Consumer Staples

2.3852

5.2257

-2.8405

4

Consumer Staples

6

Energy

38.5379

32.9169

5.6210

6

Energy

7

Materials & Processing

26.1352

30.3002

-4.1650

7

Materials & Processing

8

Producer Durables

6.5428

6.2909

0.2519

8

Producer Durables

22.0408

20.0633

1.9775

10

Financial Services

11.8050

10.6939

1.1111

10

Financial Services

8.4816

24.0400

-15.5584

11

Utilities

2.0919

1.3272

0.7647

11

Utilities

24.1525

1.4996

22.6529

Defensive

2.4367

1.5411

0.8956

11.7616

25.5781

-13.8165

0.0000

0.0000

0.0000

31.1266

24.2129

6.9137

Defensive

1

Technology

2.6869

3.2640

-0.5771

1

Technology

2.0791

2.5936

-0.5145

2

Health Care

0.0988

0.0829

0.0159

2

Health Care

1.2387

0.2450

0.9937

3

Consumer Discretionary

5.5361

5.5184

0.0177

3

Consumer Discretionary

9.0122

8.9328

0.0794

4

Consumer Staples

6.6044

4.4640

2.1404

4

Consumer Staples

12.3905

6.8818

5.5087

6

Energy

5.1560

12.6335

-7.4775

6

Energy

9.0144

9.6392

-0.6248

7

Materials & Processing

2.6271

2.5606

0.0665

7

Materials & Processing

2.8010

3.5967

-0.7957

8

Producer Durables

8.8528

8.5626

0.2902

8

Producer Durables

4.7373

4.8322

-0.0949

10

Financial Services

60.1360

54.4525

5.6835

10

Financial Services

26.8582

23.7238

3.1344

11

Utilities

8.3015

8.4611

-0.1596

11

Utilities

31.8681

39.5545

-7.6864

May 27, 2016

23 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

China

Colombia

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

28.2904

26.7589

1.5315

1

Technology

0.0000

0.0000

0.0000

2

Health Care

2.9858

2.8404

0.1454

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

10.8762

10.9224

-0.0462

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

1.5217

2.6903

-1.1686

4

Consumer Staples

11.0208

11.1828

-0.1620

6

Energy

6.9145

6.7683

0.1462

6

Energy

0.2488

7

Materials & Processing

3.0025

3.1882

-0.1857

7

Materials & Processing

8

Producer Durables

6.6296

7.5137

-0.8841

8

10

Financial Services

29.6353

29.5607

0.0746

11

Utilities

10.1436

9.7567

0.3869

Dynamic

7.5905

7.3417

20.5530

20.1897

0.3633

Producer Durables

0.0000

0.7858

-0.7858

10

Financial Services

48.7346

49.0607

-0.3261

11

Utilities

12.1009

11.4390

0.6619

Dynamic

1

Technology

26.4818

32.8153

-6.3335

1

Technology

0.0000

0.0000

0.0000

2

Health Care

3.1802

3.1043

0.0759

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

11.7758

11.3618

0.4140

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

0.8089

1.9074

-1.0985

4

Consumer Staples

6.8679

2.2003

4.6676

6

Energy

8.1712

3.9935

4.1777

6

Energy

13.8322

17.4775

-3.6453

7

Materials & Processing

3.2576

3.4788

-0.2212

7

Materials & Processing

33.1508

47.7380

-14.5872

8

Producer Durables

7.1589

7.9018

-0.7429

8

Producer Durables

0.0000

2.1643

-2.1643

10

Financial Services

34.8574

30.8142

4.0432

10

Financial Services

32.8791

27.5416

5.3375

11

Utilities

4.3077

4.6224

-0.3147

11

Utilities

13.2697

2.8779

10.3918

Defensive

Defensive

1

Technology

38.0462

2.4979

35.5483

1

Technology

0.0000

0.0000

0.0000

2

Health Care

1.9369

1.7835

0.1534

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

6.0234

9.1624

-3.1390

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

5.3661

5.8261

-0.4600

4

Consumer Staples

16.0711

16.3037

-0.2326

6

Energy

0.1358

17.8836

-17.7478

6

Energy

0.0000

1.5631

-1.5631

7

Materials & Processing

1.6265

2.0241

-0.3976

7

Materials & Processing

5.2326

4.4842

0.7484

8

Producer Durables

3.7746

5.9591

-2.1845

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

1.4673

24.5391

-23.0718

10

Financial Services

68.0166

61.3290

6.6876

11

Utilities

41.6226

30.3237

11.2989

11

Utilities

10.6796

16.3198

-5.6402

May 27, 2016

24 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Czech Republic Sector

Sector description

Denmark Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

2.1583

2.1722

-0.0139

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

53.9599

56.7992

-2.8393

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

6.5453

6.3722

0.1731

4

Consumer Staples

2.7033

3.2460

-0.5427

4

Consumer Staples

4.9752

4.5772

0.3980

6

Energy

5.9038

0.0000

5.9038

6

Energy

5.7300

5.5724

0.1576

7

Materials & Processing

2.9314

3.5383

-0.6069

7

Materials & Processing

0.9783

0.4977

0.4806

8

Producer Durables

0.0000

0.0000

0.0000

8

Producer Durables

12.1834

11.5392

0.6442

10

Financial Services

47.4771

43.8904

3.5867

10

Financial Services

11.9993

11.0348

0.9645

11

Utilities

40.9842

49.3250

-8.3408

11

Utilities

1.4699

1.4346

0.0353

Dynamic

Dynamic

1

Technology

0.0000

0.0000

0.0000

1

Technology

2.1539

2.5137

-0.3598

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

12.7707

19.7326

-6.9619

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

15.0972

14.4027

0.6945

4

Consumer Staples

0.0000

0.0000

0.0000

4

Consumer Staples

9.4296

2.2162

7.2134

6

Energy

0.0000

0.0000

0.0000

6

Energy

13.8837

16.5675

-2.6838

7

Materials & Processing

0.0000

0.0000

0.0000

7

Materials & Processing

1.1055

1.3387

-0.2332

8

Producer Durables

0.0000

0.0000

0.0000

8

Producer Durables

18.9667

16.6600

2.3067

10

Financial Services

67.9224

0.0000

67.9224

10

Financial Services

23.0306

26.5682

-3.5376

11

Utilities

32.0775

0.0000

32.0775

11

Utilities

3.5616

0.0000

3.5616 0.1622

Defensive

Defensive

1

Technology

0.0000

0.0000

0.0000

1

Technology

2.1614

1.9992

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

82.9055

75.5848

7.3207

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

0.5355

2.3023

-1.7668

4

Consumer Staples

3.2545

3.2460

0.0085

4

Consumer Staples

1.8449

5.7739

-3.9290

6

Energy

7.1077

0.0000

7.1077

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

3.5292

3.5383

-0.0091

7

Materials & Processing

0.8889

0.0715

0.8174

8

Producer Durables

0.0000

0.0000

0.0000

8

Producer Durables

7.4164

8.9439

-1.5275

10

Financial Services

43.3080

43.8904

-0.5824

10

Financial Services

4.2470

3.1623

1.0847

11

Utilities

42.8004

49.3250

-6.5246

11

Utilities

0.0000

2.1617

-2.1617

May 27, 2016

25 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Finland Sector

France Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

22.7675

22.8828

-0.1153

1

Technology

4.8620

4.6713

0.1907

2

Health Care

3.6410

3.8150

-0.1740

2

Health Care

11.3703

11.2380

0.1323

3

Consumer Discretionary

5.9709

5.7457

0.2252

3

Consumer Discretionary

18.9503

18.6928

0.2575

4

Consumer Staples

2.7158

3.1560

-0.4402

4

Consumer Staples

7.3657

7.6585

-0.2928

6

Energy

2.7910

2.7044

0.0866

6

Energy

9.2349

9.6427

-0.4078

7

Materials & Processing

16.5371

16.8720

-0.3349

7

Materials & Processing

5.8384

5.6936

0.1448

8

Producer Durables

22.7092

21.0548

1.6544

8

Producer Durables

17.7683

17.6421

0.1262

10

Financial Services

15.4085

16.3606

-0.9521

10

Financial Services

17.9874

18.1594

-0.1720

11

Utilities

7.4585

7.4082

0.0503

11

Utilities

6.6222

6.6013

0.0209

Dynamic

Dynamic

1

Technology

40.1668

41.7989

-1.6321

1

Technology

5.7044

3.3187

2.3857

2

Health Care

0.5424

0.9901

-0.4477

2

Health Care

1.5380

1.2032

0.3348

3

Consumer Discretionary

5.2681

9.6021

-4.3340

3

Consumer Discretionary

14.6238

14.2531

0.3707

4

Consumer Staples

2.6225

4.2519

-1.6294

4

Consumer Staples

3.4595

4.5778

-1.1183

6

Energy

5.2897

5.3324

-0.0427

6

Energy

8.2870

12.1171

-3.8301

7

Materials & Processing

25.2400

25.4977

-0.2577

7

Materials & Processing

5.0532

5.5710

-0.5178

8

Producer Durables

12.2126

12.1315

0.0811

8

Producer Durables

21.3874

17.3738

4.0136

10

Financial Services

0.3395

0.3949

-0.0554

10

Financial Services

27.5928

26.5822

1.0106

11

Utilities

8.3178

0.0000

8.3178

11

Utilities

12.3535

15.0027

-2.6492

Defensive

Defensive

1

Technology

3.3320

3.4170

-0.0850

1

Technology

4.0567

5.7002

-1.6435

2

Health Care

7.1022

6.7220

0.3802

2

Health Care

20.7695

18.8719

1.8976

3

Consumer Discretionary

6.7560

1.7772

4.9788

3

Consumer Discretionary

23.0861

22.0702

1.0159

4

Consumer Staples

2.8199

2.0283

0.7916

4

Consumer Staples

11.0999

10.0021

1.0978

6

Energy

0.0000

0.0000

0.0000

6

Energy

10.1411

7.7603

2.3808

7

Materials & Processing

6.8157

7.9957

-1.1800

7

Materials & Processing

6.5890

5.7868

0.8022

8

Producer Durables

34.4343

30.2374

4.1969

8

Producer Durables

14.3087

17.8462

-3.5375

10

Financial Services

32.2411

32.7903

-0.5492

10

Financial Services

8.8051

11.7519

-2.9468

11

Utilities

6.4985

15.0317

-8.5332

11

Utilities

1.1433

0.2100

0.9333

May 27, 2016

26 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Germany Sector

Sector description

Greece Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference % 0.0000

Core

1

Technology

9.1960

9.1769

0.0191

1

Technology

0.0000

0.0000

2

Health Care

13.0366

12.7775

0.2591

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

18.9658

19.4056

-0.4398

3

Consumer Discretionary

17.4823

21.8952

-4.4129

4

Consumer Staples

4.1589

3.9156

0.2433

4

Consumer Staples

0.0000

0.0000

0.0000

6

Energy

0.6471

0.6174

0.0297

6

Energy

4.6784

5.8626

-1.1842

7

Materials & Processing

13.5329

13.2610

0.2719

7

Materials & Processing

7.5757

8.6184

-1.0427

8

Producer Durables

15.0171

15.4620

-0.4449

8

Producer Durables

6.8225

11.9489

-5.1264

10

Financial Services

17.7941

17.9481

-0.1540

10

Financial Services

48.0322

32.3011

15.7311

11

Utilities

7.6509

7.4354

0.2155

11

Utilities

15.4086

19.3735

-3.9649 0.0000

Dynamic

Dynamic

1

Technology

4.3047

5.0569

-0.7522

1

Technology

0.0000

0.0000

2

Health Care

6.2691

9.0945

-2.8254

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

31.0574

37.7277

-6.6703

3

Consumer Discretionary

14.6319

19.3032

-4.6713

4

Consumer Staples

1.3287

1.2938

0.0349

4

Consumer Staples

0.0000

0.0000

0.0000

6

Energy

0.6056

0.6206

-0.0150

6

Energy

4.9180

6.1784

-1.2604

7

Materials & Processing

12.7057

7.8564

4.8493

7

Materials & Processing

6.8331

8.1756

-1.3425

8

Producer Durables

10.8693

5.5642

5.3051

8

Producer Durables

7.0567

12.4371

-5.3804

10

Financial Services

18.1395

16.7123

1.4272

10

Financial Services

50.3623

33.4883

16.8740

11

Utilities

14.7197

16.0732

-1.3535

11

Utilities

16.1977

20.4171

-4.2194

Defensive

Defensive

1

Technology

13.4009

12.3468

1.0541

1

Technology

0.0000

0.0000

0.0000

2

Health Care

18.8544

15.6112

3.2432

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

8.5713

5.3088

3.2625

3

Consumer Discretionary

73.1374

70.0138

3.1236

4

Consumer Staples

6.5919

5.9327

0.6592

4

Consumer Staples

0.0000

0.0000

0.0000

6

Energy

0.6827

0.6149

0.0678

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

14.2441

17.4192

-3.1751

7

Materials & Processing

22.0768

16.8381

5.2387

8

Producer Durables

18.5827

23.0773

-4.4946

8

Producer Durables

2.2496

2.8864

-0.6368

10

Financial Services

17.4972

18.8989

-1.4017

10

Financial Services

2.5360

10.2614

-7.7254

11

Utilities

1.5742

0.7897

0.7845

11

Utilities

0.0000

0.0000

0.0000

May 27, 2016

27 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Hong Kong Sector

Sector description

Hungary Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

3.3508

0.8502

2.5006

1

Technology

0.0000

0.0000

0.0000

2

Health Care

0.5670

0.4326

0.1344

2

Health Care

24.8356

23.8812

0.9544

3

Consumer Discretionary

11.2212

11.4245

-0.2033

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

11.4018

8.8225

2.5793

4

Consumer Staples

0.0000

0.0000

0.0000

6

Energy

0.8477

0.3145

0.5332

6

Energy

21.8946

21.7081

0.1865

7

Materials & Processing

1.2099

0.7957

0.4142

7

Materials & Processing

0.0000

0.0000

0.0000

8

Producer Durables

11.4881

13.3486

-1.8605

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

50.1158

51.5438

-1.4280

10

Financial Services

47.3027

48.6237

-1.3210

11

Utilities

9.7973

12.4672

-2.6699

11

Utilities

5.9669

5.7869

0.1800

Dynamic

Dynamic

1

Technology

6.7098

0.9283

5.7815

1

Technology

0.0000

0.0000

0.0000

2

Health Care

1.1491

1.1035

0.0456

2

Health Care

0.0000

21.8575

-21.8575

3

Consumer Discretionary

18.2514

24.2866

-6.0352

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

13.3356

21.3254

-7.9898

4

Consumer Staples

0.0000

0.0000

0.0000

6

Energy

1.9376

0.7981

1.1395

6

Energy

31.6408

22.4979

9.1429

7

Materials & Processing

2.4088

2.1581

0.2507

7

Materials & Processing

0.0000

0.0000

0.0000

8

Producer Durables

5.8778

6.1821

-0.3043

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

48.5730

41.2874

7.2856

10

Financial Services

68.3591

55.2784

13.0807

11

Utilities

1.7564

1.9301

-0.1737

11

Utilities

0.0000

0.3661

-0.3661

Defensive

Defensive

1

Technology

0.9831

0.8046

0.1785

1

Technology

0.0000

0.0000

0.0000

2

Health Care

0.1567

0.0407

0.1160

2

Health Care

80.6284

38.6678

41.9606

3

Consumer Discretionary

0.0000

4

Consumer Staples

6

Energy

7

Materials & Processing

0.3648

8

Producer Durables

15.4428

10

Financial Services

51.2033

11

Utilities

15.4652

May 27, 2016

6.2656

3.9119

2.3537

3

Consumer Discretionary

0.0000

0.0000

10.0387

1.5197

8.5190

4

Consumer Staples

0.0000

0.0000

0.0000

0.0794

0.0320

0.0474

6

Energy

0.0000

15.9370

-15.9370

0.0000

0.3648

7

Materials & Processing

0.0000

0.0000

0.0000

17.5345

-2.0917

8

Producer Durables

0.0000

0.0000

0.0000

57.5344

-6.3311

10

Financial Services

0.0000

0.0000

0.0000

18.6218

-3.1566

11

Utilities

19.3715

45.3951

-26.0236

28 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

India

Indonesia

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

18.9763

19.7430

-0.7667

1

Technology

1.0448

0.9526

0.0922

2

Health Care

9.9432

9.1228

0.8204

2

Health Care

2.6505

3.2016

-0.5511

3

Consumer Discretionary

10.7493

10.1999

0.5494

3

Consumer Discretionary

16.0725

14.5211

1.5514

4

Consumer Staples

9.0819

9.2648

-0.1829

4

Consumer Staples

16.7103

13.8889

2.8214

6

Energy

10.4826

9.8964

0.5862

6

Energy

1.8607

2.0317

-0.1710

7

Materials & Processing

8.2713

8.4789

-0.2076

7

Materials & Processing

5.4446

5.5502

-0.1056

8

Producer Durables

7.9677

7.5358

0.4319

8

Producer Durables

4.4270

4.8910

-0.4640

10

Financial Services

19.0081

19.5826

-0.5745

10

Financial Services

36.5333

38.6982

-2.1649

11

Utilities

5.5191

6.1754

-0.6563

11

Utilities

15.2558

16.2643

-1.0085

Dynamic

Dynamic

1

Technology

2.8047

6.3744

-3.5697

1

Technology

1.7166

1.7784

-0.0618

2

Health Care

12.0663

7.7541

4.3122

2

Health Care

0.6249

0.8700

-0.2451

3

Consumer Discretionary

12.5737

11.6075

0.9662

3

Consumer Discretionary

21.4654

19.0769

2.3885

4

Consumer Staples

3.4256

5.0682

-1.6426

4

Consumer Staples

14.1778

8.8914

5.2864

6

Energy

8.2888

9.4108

-1.1220

6

Energy

2.8074

2.9503

-0.1429

7

Materials & Processing

9.2046

9.6497

-0.4451

7

Materials & Processing

6.3322

4.8454

1.4868

8

Producer Durables

11.8514

10.2095

1.6419

8

Producer Durables

6.7993

6.7308

0.0685

10

Financial Services

30.4100

30.9128

-0.5028

10

Financial Services

40.8054

48.7173

-7.9119

11

Utilities

9.3744

9.0125

0.3619

11

Utilities

5.2706

6.1392

-0.8686

Defensive

Defensive

1

Technology

35.0102

40.3756

-5.3654

1

Technology

0.0000

0.0000

0.0000

2

Health Care

7.8382

11.2352

-3.3970

2

Health Care

5.8012

5.8912

-0.0900

3

Consumer Discretionary

8.9404

8.0274

0.9130

3

Consumer Discretionary

-1.5814

4

Consumer Staples

14.6901

15.7416

-1.0515

4

Consumer Staples

6

Energy

12.6578

10.6459

2.0119

6

7

Materials & Processing

7.3459

6.6719

0.6740

8

Producer Durables

4.1171

3.4094

0.7077

10

Financial Services

7.7033

2.0959

11

Utilities

1.6965

1.7966

May 27, 2016

7.6842

9.2656

20.6495

19.6540

0.9955

Energy

0.3882

0.9719

-0.5837

7

Materials & Processing

4.0639

6.3634

-2.2995

8

Producer Durables

0.7370

2.7686

-2.0316

5.6074

10

Financial Services

29.8883

27.1404

2.7479

-0.1001

11

Utilities

30.7872

27.9444

2.8428

29 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Ireland

Israel

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

3.8827

3.9185

-0.0358

1

Technology

17.2620

16.9373

0.3247

2

Health Care

30.1010

29.5374

0.5636

2

Health Care

43.7447

44.2651

-0.5204

3

Consumer Discretionary

4

Consumer Staples

6

Energy

7

Materials & Processing

8

Producer Durables

4.6639

10

Financial Services

17.2986

11

Utilities

0.0000

1

Technology

2

Health Care

3

7.4907

7.6800

-0.1893

3

Consumer Discretionary

6.1365

6.4861

-0.3496

11.6392

12.3739

-0.7347

4

Consumer Staples

0.8662

0.9037

-0.0375

0.0146

0.0108

0.0038

6

Energy

2.2338

1.7193

0.5145

24.9089

26.8766

-1.9677

7

Materials & Processing

3.3955

3.9090

-0.5135

0.8300

3.8339

8

Producer Durables

3.3205

3.4700

-0.1495

18.7724

-1.4738

10

Financial Services

18.5754

17.8220

0.7534

0.0000

0.0000

11

Utilities

4.4649

4.4869

-0.0220

5.5209

5.7398

-0.2189

1

Technology

17.3650

16.4864

0.8786

41.9106

41.2699

0.6407

2

Health Care

18.7737

10.5681

8.2056

Consumer Discretionary

9.8021

5.6224

4.1797

3

Consumer Discretionary

25.3591

30.7336

-5.3745

4

Consumer Staples

0.0000

0.0000

0.0000

4

Consumer Staples

0.2671

0.8931

-0.6260

6

Energy

0.0209

0.0158

0.0051

6

Energy

4.3532

5.4175

-1.0643

7

Materials & Processing

29.9098

38.8013

-8.8915

7

Materials & Processing

10.1689

2.7679

7.4010

8

Producer Durables

5.6530

0.0790

5.5740

8

Producer Durables

2.0529

0.5076

1.5453

10

Financial Services

7.1824

8.4714

-1.2890

10

Financial Services

13.6872

21.6877

-8.0005

11

Utilities

0.0000

0.0000

0.0000

11

Utilities

7.9723

10.9376

-2.9653

Dynamic

Dynamic

Defensive

Defensive

1

Technology

0.0846

0.0000

0.0846

1

Technology

17.2328

17.0487

0.1841

2

Health Care

2.7211

4.2945

-1.5734

2

Health Care

50.8289

52.5905

-1.7616

3

Consumer Discretionary

4

Consumer Staples

6

Energy

7

Materials & Processing

8

Producer Durables

10

Financial Services

11

Utilities

0.0000

May 27, 2016

2.1319

12.1070

-9.9751

3

Consumer Discretionary

0.6831

0.4953

0.1878

38.6242

38.9968

-0.3726

4

Consumer Staples

1.0362

0.9063

0.1299

0.0000

0.0000

0.0000

6

Energy

1.6326

0.8056

0.8270

13.3146

1.2202

12.0944

7

Materials & Processing

1.4739

4.1910

-2.7171

2.3706

2.4458

-0.0752

8

Producer Durables

3.6802

4.2019

-0.5217

40.7526

40.9354

-0.1828

10

Financial Services

19.9621

16.8669

3.0952

0.0000

0.0000

11

Utilities

3.4698

2.8932

0.5766

30 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Italy

Japan

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.9596

0.9895

-0.0299

1

Technology

10.1088

9.9782

0.1306

2

Health Care

1.6937

1.7520

-0.0583

2

Health Care

7.9445

8.0932

-0.1487

3

Consumer Discretionary

9.7935

9.2010

0.5925

3

Consumer Discretionary

20.0556

20.2417

-0.1861

4

Consumer Staples

1.3152

1.3635

-0.0483

4

Consumer Staples

8.6030

8.5413

0.0617

6

Energy

17.1698

16.5856

0.5842

6

Energy

0.8068

0.7651

0.0417

7

Materials & Processing

1.7444

1.8755

-0.1311

7

Materials & Processing

8.0819

8.1907

-0.1088

8

Producer Durables

9.2604

9.0888

0.1716

8

Producer Durables

19.7019

19.5828

0.1191

10

Financial Services

38.5434

39.6362

-1.0928

10

Financial Services

17.8558

17.5253

0.3305

11

Utilities

19.5196

19.5076

0.0120

11

Utilities

6.8413

7.0812

-0.2399

Dynamic

Dynamic

1

Technology

0.4701

0.5522

-0.0821

1

Technology

11.8666

12.2504

-0.3838

2

Health Care

0.1986

0.2461

-0.0475

2

Health Care

6.3302

5.7780

0.5522

3

Consumer Discretionary

8.1205

7.7091

0.4114

3

Consumer Discretionary

22.8665

21.3202

1.5463

4

Consumer Staples

0.0966

0.0976

-0.0010

4

Consumer Staples

4.7153

3.8992

0.8161

6

Energy

13.7240

7.1665

6.5575

6

Energy

1.1539

0.9005

0.2534

7

Materials & Processing

1.9841

2.1478

-0.1637

7

Materials & Processing

8.0287

8.2796

-0.2509

8

Producer Durables

4.7904

8.5040

-3.7136

8

Producer Durables

16.9524

18.0304

-1.0780

10

Financial Services

49.1768

52.4938

-3.3170

10

Financial Services

22.8117

24.6031

-1.7914

11

Utilities

21.4385

21.0825

0.3560

11

Utilities

5.2743

4.9381

0.3362

Defensive

Defensive

1

Technology

2.5714

2.2794

0.2920

1

Technology

6.2824

6.6707

-0.3883

2

Health Care

6.6171

6.1940

0.4231

2

Health Care

11.4584

11.4632

-0.0048

3

Consumer Discretionary

15.3021

13.6015

1.7006

3

Consumer Discretionary

13.9373

18.6718

-4.7345

4

Consumer Staples

5.3278

5.0973

0.2305

4

Consumer Staples

17.0652

15.2985

1.7667

6

Energy

28.5163

44.3688

-15.8525

6

Energy

0.0511

0.5681

-0.5170

7

Materials & Processing

0.9553

1.0722

-0.1169

7

Materials & Processing

8.1977

8.0614

0.1363

8

Producer Durables

23.9794

10.8135

13.1659

8

Producer Durables

25.6865

21.8425

3.8440

10

Financial Services

3.5291

1.7107

1.8184

10

Financial Services

7.0685

7.2226

-0.1541

11

Utilities

13.2010

14.8621

-1.6611

11

Utilities

10.2523

10.2008

0.0515

May 27, 2016

31 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Korea

Luxembourg

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

32.7883

33.3657

-0.5774

1

Technology

14.8793

13.2975

1.5818

2

Health Care

6.4707

5.5451

0.9256

2

Health Care

7.4387

7.9114

-0.4727

3

Consumer Discretionary

18.8684

19.6254

-0.7570

3

Consumer Discretionary

23.1895

32.7231

-9.5336

4

Consumer Staples

6.6347

6.8047

-0.1700

4

Consumer Staples

3.5047

2.7565

0.7482

6

Energy

2.2239

2.1708

0.0531

6

Energy

0.5912

0.0463

0.5449

7

Materials & Processing

9.3231

9.1906

0.1325

7

Materials & Processing

40.2317

31.9900

8.2417

8

Producer Durables

8.0731

7.3734

0.6997

8

Producer Durables

0.0000

0.1680

-0.1680

10

Financial Services

12.8257

13.1335

-0.3078

10

Financial Services

1.9647

4.6732

-2.7085

11

Utilities

2.7917

2.7902

0.0015

11

Utilities

8.1998

6.4335

1.7663 -0.0343

Dynamic

Dynamic

1

Technology

21.8958

19.0990

2.7968

1

Technology

0.4148

0.4491

2

Health Care

9.9900

7.3123

2.6777

2

Health Care

10.3186

11.0725

-0.7539

3

Consumer Discretionary

19.9760

20.6577

-0.6817

3

Consumer Discretionary

17.4903

36.1774

-18.6871

4

Consumer Staples

6.1624

5.9660

0.1964

4

Consumer Staples

3.7741

2.0156

1.7585

6

Energy

3.7410

3.4435

0.2975

6

Energy

0.8202

0.0661

0.7541

7

Materials & Processing

14.3913

13.3263

1.0650

7

Materials & Processing

55.8073

37.6380

18.1693

8

Producer Durables

10.2974

9.5599

0.7375

8

Producer Durables

0.0000

0.2396

-0.2396

10

Financial Services

10.7921

16.2208

-5.4287

10

Financial Services

0.0000

4.2044

-4.2044

11

Utilities

2.7536

4.4141

-1.6605

11

Utilities

11.3743

8.1368

3.2375

Defensive

Defensive

1

Technology

48.1127

56.4924

-8.3797

1

Technology

52.2411

43.4306

8.8105

2

Health Care

1.5195

2.6804

-1.1609

2

Health Care

0.0000

0.4979

-0.4979

3

Consumer Discretionary

17.3102

17.9521

-0.6419

3

Consumer Discretionary

37.9104

24.6216

13.2888

4

Consumer Staples

7.2991

8.1643

-0.8652

4

Consumer Staples

2.8088

4.4942

-1.6854

6

Energy

0.0896

0.1076

-0.0180

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

2.1927

2.4866

-0.2939

7

Materials & Processing

0.0000

18.7438

-18.7438

8

Producer Durables

4.9438

3.8292

1.1146

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

15.6866

8.1290

7.5576

10

Financial Services

7.0395

5.7726

1.2669

11

Utilities

2.8453

0.1579

2.6874

11

Utilities

0.0000

2.4390

-2.4390

May 27, 2016

32 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Malaysia Sector

Sector description

Mexico Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

1.2384

1.3251

-0.0867

1

Technology

0.5724

0.3130

0.2594

2

Health Care

4.5061

5.0135

-0.5074

2

Health Care

0.4504

0.4519

-0.0015

3

Consumer Discretionary

4

Consumer Staples

6 7 8

8.1355

8.7777

-0.6422

3

Consumer Discretionary

20.2264

20.0177

0.2087

10.5227

11.0828

-0.5601

4

Consumer Staples

23.1709

23.6625

-0.4916

Energy

3.4810

3.3537

0.1273

6

Energy

0.0000

0.0000

0.0000

Materials & Processing

5.8159

5.3122

0.5037

7

Materials & Processing

18.3182

17.7001

0.6181

Producer Durables

11.3310

11.3149

0.0161

8

Producer Durables

10.5819

10.0102

0.5717

10

Financial Services

29.3903

28.3489

1.0414

10

Financial Services

22.6081

21.2977

1.3104

11

Utilities

25.5787

25.4708

0.1079

11

Utilities

4.0714

6.5465

-2.4751

Dynamic

Dynamic

1

Technology

3.8945

6.9990

-3.1045

1

Technology

1.5279

0.0000

1.5279

2

Health Care

6.9431

9.3258

-2.3827

2

Health Care

1.2021

0.9351

0.2670

3

Consumer Discretionary

25.5558

8.7423

16.8135

3

Consumer Discretionary

4.5067

3.1197

1.3870

4

Consumer Staples

4.5827

5.1616

-0.5789

4

Consumer Staples

1.8145

6.2356

-4.4211

6

Energy

11.2927

15.7083

-4.4156

6

Energy

7

Materials & Processing

4.5923

8.9052

-4.3129

7

Materials & Processing

8

Producer Durables

25.3221

27.0386

-1.7165

8

Producer Durables

10

Financial Services

10.7227

12.2168

-1.4941

10

Financial Services

11

Utilities

7.0937

5.9019

1.1918

11

Utilities

Defensive

0.0000

0.0000

0.0000

38.6727

40.5604

-1.8877

4.8546

7.0494

-2.1948

38.8799

41.7775

-2.8976

8.5411

0.3219

8.2192

Defensive

1

Technology

0.7928

0.4793

0.3135

1

Technology

0.0000

0.5123

-0.5123

2

Health Care

4.0973

4.3706

-0.2733

2

Health Care

0.0000

0.1442

-0.1442

3

Consumer Discretionary

5.2131

8.7830

-3.5699

3

Consumer Discretionary

29.6449

30.7756

-1.1307

4

Consumer Staples

11.5192

11.9655

-0.4463

4

Consumer Staples

35.9667

34.7571

1.2096

6

Energy

2.1705

1.5118

0.6587

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

6.0211

4.7765

1.2446

7

Materials & Processing

6.1226

3.1463

2.9763

8

Producer Durables

8.9839

8.9708

0.0131

8

Producer Durables

14.0134

11.8953

2.1181

10

Financial Services

32.5220

30.7539

1.7681

10

Financial Services

12.8588

8.2595

4.5993

11

Utilities

28.6797

28.3881

0.2916

11

Utilities

1.3933

10.5093

-9.1160

May 27, 2016

33 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Netherlands Sector

Sector description

New Zealand Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

12.3874

12.0671

0.3203

1

Technology

4.9738

4.4054

0.5684

2

Health Care

0.4877

0.2715

0.2162

2

Health Care

17.2493

18.6379

-1.3886

3

Consumer Discretionary

6.5617

4.8909

1.6708

3

Consumer Discretionary

7.1560

7.9012

-0.7452

4

Consumer Staples

20.9429

19.8719

1.0710

4

Consumer Staples

3.6013

0.8321

2.7692

6

Energy

26.6631

33.0787

-6.4156

6

Energy

4.6997

3.1483

1.5514

7

Materials & Processing

5.4029

4.9202

0.4827

7

Materials & Processing

9.1071

10.0125

-0.9054

8

Producer Durables

10.1299

9.5627

0.5672

8

Producer Durables

13.7714

15.0802

-1.3088

10

Financial Services

15.1984

13.0580

2.1404

10

Financial Services

12.8196

14.1235

-1.3039

11

Utilities

2.2256

2.2785

-0.0529

11

Utilities

26.6214

25.8584

0.7630

Dynamic

Dynamic

1

Technology

15.0499

22.7149

-7.6650

1

Technology

10.6782

10.2510

0.4272

2

Health Care

0.2568

0.6265

-0.3697

2

Health Care

6.0333

9.4972

-3.4639

3

Consumer Discretionary

2.5983

0.4053

2.1930

3

Consumer Discretionary

0.0000

0.3593

-0.3593

4

Consumer Staples

0.9794

1.5524

-0.5730

4

Consumer Staples

14.1474

2.4599

11.6875

6

Energy

38.8942

16.4691

22.4251

6

Energy

20.0273

15.8165

4.2108

7

Materials & Processing

3.4907

8.3513

-4.8606

7

Materials & Processing

0.0000

0.0000

0.0000

8

Producer Durables

13.8050

17.8552

-4.0502

8

Producer Durables

0.9663

3.0622

-2.0959

10

Financial Services

21.2952

26.7677

-5.4725

10

Financial Services

4.1079

5.5479

-1.4400

11

Utilities

3.6302

5.2570

-1.6268

11

Utilities

44.0392

53.0056

-8.9664

Defensive

Defensive

1

Technology

8.1683

3.9218

4.2465

1

Technology

3.5889

3.1907

0.3982

2

Health Care

0.8537

0.0000

0.8537

2

Health Care

19.9722

20.5374

-0.5652

3

Consumer Discretionary

12.8420

8.3223

4.5197

3

Consumer Discretionary

8.8933

9.4685

-0.5752

4

Consumer Staples

52.5769

33.8859

18.6910

4

Consumer Staples

1.0410

0.4939

0.5471

6

Energy

7.2817

45.7847

-38.5030

6

Energy

0.9787

0.5158

0.4629

7

Materials & Processing

8.4329

2.2954

6.1375

7

Materials & Processing

11.3180

12.0932

-0.7752

8

Producer Durables

4.3064

3.2191

1.0873

8

Producer Durables

16.8800

17.5776

-0.6976

10

Financial Services

5.5376

2.5704

2.9672

10

Financial Services

14.9345

15.9056

-0.9711

11

Utilities

0.0000

0.0000

0.0000

11

Utilities

22.3930

20.2169

2.1761

May 27, 2016

34 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Norway Sector

Peru Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

2.7097

2.6945

0.0152

1

Technology

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

6.7672

6.0072

0.7600

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

17.7941

16.5238

1.2703

4

Consumer Staples

7.1821

6.4264

0.7557

6

Energy

20.1654

21.6032

-1.4378

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

11.8803

11.7907

0.0896

7

Materials & Processing

19.7742

24.1293

-4.3551

8

Producer Durables

6.7754

7.2401

-0.4647

8

Producer Durables

7.6337

6.7977

0.8360

10

Financial Services

22.7280

23.1038

-0.3758

10

Financial Services

65.4098

61.4034

4.0064

11

Utilities

11.1794

11.0363

0.1431

11

Utilities

0.0000

1.2429

-1.2429

Dynamic

Dynamic

1

Technology

3.1617

2.5221

0.6396

1

Technology

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

9.1916

9.8381

-0.6465

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

9.5347

11.7307

-2.1960

4

Consumer Staples

3.2280

1.8813

1.3467

6

Energy

33.1270

21.4516

11.6754

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

8.5789

18.2575

-9.6786

7

Materials & Processing

18.8523

28.2169

-9.3646

8

Producer Durables

4.8199

5.7780

-0.9581

8

Producer Durables

6.7691

1.3078

5.4613

10

Financial Services

28.0027

30.2929

-2.2902

10

Financial Services

71.1503

68.5938

2.5565

11

Utilities

3.5831

0.1288

3.4543

11

Utilities

0.0000

0.0000

0.0000

Defensive

Defensive

1

Technology

2.0466

2.9307

-0.8841

1

Technology

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

3.2105

0.7619

2.4486

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

29.9112

23.0865

6.8247

4

Consumer Staples

52.2360

12.2031

40.0329

6

Energy

1.1499

21.8107

-20.6608

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

16.7238

2.9363

13.7875

7

Materials & Processing

30.2784

18.9343

11.3441

8

Producer Durables

9.6444

9.2421

0.4023

8

Producer Durables

17.4854

13.7749

3.7105

10

Financial Services

14.9896

13.2603

1.7293

10

Financial Services

0.0000

52.2649

-52.2649

11

Utilities

22.3237

25.9710

-3.6473

11

Utilities

0.0000

2.8225

-2.8225

May 27, 2016

35 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Philippines Sector

Sector description

Poland Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference % -0.1142

Core

1

Technology

0.2380

0.5137

-0.2757

1

Technology

2.8223

2.9365

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.7291

0.2991

0.4300

3

Consumer Discretionary

14.9430

14.4940

0.4490

3

Consumer Discretionary

9.9500

10.5780

-0.6280

4

Consumer Staples

10.7039

10.8155

-0.1116

4

Consumer Staples

1.8411

2.2052

-0.3641

6

Energy

4.4851

4.0207

0.4644

6

Energy

16.9128

17.0737

-0.1609

7

Materials & Processing

0.7684

0.8760

-0.1076

7

Materials & Processing

10.0241

9.1898

0.8343

8

Producer Durables

12.3275

12.4370

-0.1095

8

Producer Durables

2.5899

2.7857

-0.1958

10

Financial Services

37.2526

37.1100

0.1426

10

Financial Services

44.3403

44.4647

-0.1244

11

Utilities

19.2811

19.7326

-0.4515

11

Utilities

10.7900

10.4669

0.3231

Dynamic

Dynamic

1

Technology

0.4086

0.8987

-0.4901

1

Technology

1.4408

1.7213

-0.2805

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.2129

0.2449

-0.0320

3

Consumer Discretionary

5.9816

12.2627

-6.2811

3

Consumer Discretionary

8.2041

15.1636

-6.9595

4

Consumer Staples

4.2051

5.4909

-1.2858

4

Consumer Staples

0.0000

2.8980

-2.8980

6

Energy

5.7449

7.5065

-1.7616

6

Energy

32.8724

29.9979

2.8745

7

Materials & Processing

1.5025

1.8280

-0.3255

7

Materials & Processing

11.7529

13.9707

-2.2178

8

Producer Durables

21.5238

21.6048

-0.0810

8

Producer Durables

1.0132

0.7066

0.3066

10

Financial Services

46.0582

38.5208

7.5374

10

Financial Services

26.7315

30.3480

-3.6165

11

Utilities

14.5748

11.8872

2.6876

11

Utilities

17.7718

4.9485

12.8233

Defensive

Defensive

1

Technology

0.0595

0.1746

-0.1151

1

Technology

4.1744

3.9830

0.1914

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

1.2344

0.3457

0.8887

3

Consumer Discretionary

24.3226

16.4593

7.8633

3

Consumer Discretionary

11.6587

6.6287

5.0300

4

Consumer Staples

17.5059

15.5056

2.0003

4

Consumer Staples

3.6431

1.6086

2.0345

6

Energy

3.1665

0.9503

2.2162

6

Energy

1.2930

5.9428

-4.6498

7

Materials & Processing

0.0000

0.0375

-0.0375

7

Materials & Processing

8.3322

5.0724

3.2598

8

Producer Durables

2.7021

4.3618

-1.6597

8

Producer Durables

4.1330

4.5762

-0.4432

10

Financial Services

28.0360

35.8674

-7.8314

10

Financial Services

61.5741

56.6226

4.9515

11

Utilities

24.2070

26.6430

-2.4360

11

Utilities

3.9568

15.2196

-11.2628

May 27, 2016

36 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Portugal Sector

Sector description

Russia Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference % -0.0914

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

1.0689

1.1603

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

8.9477

9.1055

-0.1578

3

Consumer Discretionary

0.1860

0.2415

-0.0555

4

Consumer Staples

15.3228

15.6221

-0.2993

4

Consumer Staples

5.7507

5.2057

0.5450

6

Energy

24.7417

20.4256

4.3161

6

Energy

58.3728

58.6842

-0.3114

7

Materials & Processing

5.0255

4.4534

0.5721

7

Materials & Processing

10.2639

10.8421

-0.5782

8

Producer Durables

5.6024

5.9748

-0.3724

8

Producer Durables

0.8809

0.6236

0.2573

10

Financial Services

7.8340

8.7051

-0.8711

10

Financial Services

18.3187

18.0325

0.2862

11

Utilities

32.5256

35.7132

-3.1876

11

Utilities

5.1576

5.2097

-0.0521 0.2352

Dynamic

Dynamic

1

Technology

0.0000

0.0000

0.0000

1

Technology

1.6030

1.3678

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

16.6452

10.4206

6.2246

3

Consumer Discretionary

0.0332

0.2653

-0.2321

4

Consumer Staples

6

Energy

7 8

9.1270

15.8600

-6.7330

4

Consumer Staples

8.6107

6.1365

2.4742

48.9922

23.3756

25.6166

6

Energy

39.9811

51.6132

-11.6321

Materials & Processing

3.1172

3.5875

-0.4703

7

Materials & Processing

15.2311

12.7808

2.4503

Producer Durables

1.8372

0.8096

1.0276

8

Producer Durables

1.3211

0.7351

0.5860

10

Financial Services

15.5125

9.9624

5.5501

10

Financial Services

27.0476

21.1987

5.8489

11

Utilities

4.7684

35.9840

-31.2156

11

Utilities

6.1717

5.9023

0.2694

Defensive

Defensive

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

1.0943

0.0000

1.0943

3

Consumer Discretionary

0.4918

0.1086

0.3832

4

Consumer Staples

21.6441

13.9749

7.6692

4

Consumer Staples

0.0271

0.0000

0.0271

6

Energy

0.0000

0.0000

0.0000

6

Energy

95.1800

98.2293

-3.0493

7

Materials & Processing

6.9724

10.4488

-3.4764

7

Materials & Processing

0.3231

0.0000

0.3231

8

Producer Durables

9.4438

41.7382

-32.2944

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

0.0000

0.0000

0.0000

10

Financial Services

0.8496

0.3253

0.5243

11

Utilities

60.8451

33.8379

27.0072

11

Utilities

3.1280

1.3366

1.7914

May 27, 2016

37 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Singapore Sector

Sector description

South Africa Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference % -0.0903

Core

1

Technology

4.7043

4.9323

-0.2280

1

Technology

0.7830

0.8733

2

Health Care

0.8848

0.7171

0.1677

2

Health Care

5.6253

4.0958

1.5295

3

Consumer Discretionary

8.6053

8.3168

0.2885

3

Consumer Discretionary

33.4129

34.9636

-1.5507

4

Consumer Staples

3.5706

4.7489

-1.1783

4

Consumer Staples

6.5832

6.8795

-0.2963

6

Energy

4.2500

3.8803

0.3697

6

Energy

6.5523

7.0226

-0.4703

7

Materials & Processing

0.0000

0.1952

-0.1952

7

Materials & Processing

8.7949

9.2582

-0.4633

8

Producer Durables

12.5442

11.8937

0.6505

8

Producer Durables

4.6699

4.8093

-0.1394

10

Financial Services

53.9516

53.4335

0.5181

10

Financial Services

27.4713

25.7577

1.7136

11

Utilities

11.4887

11.8816

-0.3929

11

Utilities

6.1068

6.3396

-0.2328

1

Technology

14.8048

22.8780

-8.0732

1

Technology

0.1316

0.0000

0.1316

2

Health Care

0.4954

0.2867

0.2087

2

Health Care

4.5615

4.3130

0.2485

3

Consumer Discretionary

13.5522

10.4081

3.1441

3

Consumer Discretionary

47.1422

63.8391

-16.6969

4

Consumer Staples

10.4478

8.9199

1.5279

4

Consumer Staples

1.0790

2.3865

-1.3075

6

Energy

16.9490

7.1735

9.7755

6

Energy

0.3731

0.4746

-0.1015

7

Materials & Processing

0.0000

1.1135

-1.1135

7

Materials & Processing

14.6052

16.9188

-2.3136

8

Producer Durables

13.2354

16.2093

-2.9739

8

Producer Durables

2.3954

1.9290

0.4664

10

Financial Services

29.9543

31.8595

-1.9052

10

Financial Services

24.6424

8.6080

16.0344

11

Utilities

0.5606

1.1511

-0.5905

11

Utilities

5.0692

1.5308

3.5384

Dynamic

Dynamic

Defensive

Defensive

1

Technology

1.4111

1.5472

-0.1361

1

Technology

1.4674

1.4563

0.0111

2

Health Care

1.0118

0.7983

0.2135

2

Health Care

6.7427

3.9508

2.7919

3

Consumer Discretionary

6.9923

7.9223

-0.9300

3

Consumer Discretionary

18.9900

15.6869

3.3031

4

Consumer Staples

1.3283

3.9622

-2.6339

4

Consumer Staples

12.3655

9.8789

2.4866

6

Energy

0.1096

3.2591

-3.1495

6

Energy

13.0436

11.3940

1.6496

7

Materials & Processing

0.0000

0.0219

-0.0219

7

Materials & Processing

2.6912

4.1442

-1.4530

8

Producer Durables

12.3188

11.0797

1.2391

8

Producer Durables

7.0593

6.7321

0.3272

10

Financial Services

61.7759

57.5031

4.2728

10

Financial Services

30.4430

37.2065

-6.7635

11

Utilities

15.0518

13.9058

1.1460

11

Utilities

7.1968

9.5499

-2.3531

May 27, 2016

38 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Spain

Sweden

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

5.2579

5.3576

-0.0997

1

Technology

7.3751

7.2731

0.1020

2

Health Care

3.2788

3.2170

0.0618

2

Health Care

4.3195

4.3224

-0.0029

3

Consumer Discretionary

10.1862

9.8778

0.3084

3

Consumer Discretionary

14.6972

15.1105

-0.4133

4

Consumer Staples

1.8086

1.8692

-0.0606

4

Consumer Staples

2.3319

2.2884

0.0435

6

Energy

4.7927

4.5701

0.2226

6

Energy

0.7421

0.8665

-0.1244

7

Materials & Processing

0.9857

1.0439

-0.0582

7

Materials & Processing

14.4021

15.5109

-1.1088

8

Producer Durables

10.3542

10.7564

-0.4022

8

Producer Durables

25.2065

23.3657

1.8408

10

Financial Services

36.6275

36.4582

0.1693

10

Financial Services

27.3054

27.3604

-0.0550

11

Utilities

26.7079

26.8493

-0.1414

11

Utilities

3.6197

3.9016

-0.2819

Dynamic

Dynamic

1

Technology

1.3358

1.2148

0.1210

1

Technology

7.5504

3.6280

3.9224

2

Health Care

4.2214

4.3087

-0.0873

2

Health Care

10.0148

10.4584

-0.4436

3

Consumer Discretionary

2.8240

1.9408

0.8832

3

Consumer Discretionary

8.9258

10.5929

-1.6671

4

Consumer Staples

1.2909

1.2959

-0.0050

4

Consumer Staples

0.1302

0.2236

-0.0934

6

Energy

6.8243

6.6003

0.2240

6

Energy

1.8820

2.3544

-0.4724

7

Materials & Processing

0.9115

1.0224

-0.1109

7

Materials & Processing

10.9766

10.3347

0.6419

8

Producer Durables

9.6402

11.3176

-1.6774

8

Producer Durables

25.1805

26.1878

-1.0073

10

Financial Services

54.3045

50.7302

3.5743

10

Financial Services

34.2955

35.6319

-1.3364

11

Utilities

18.6470

21.5688

-2.9218

11

Utilities

1.0437

0.5880

0.4557

Defensive

Defensive

1

Technology

12.8147

14.5675

-1.7528

1

Technology

7.2737

9.3960

-2.1223

2

Health Care

1.4629

0.7900

0.6729

2

Health Care

1.0221

0.7487

0.2734

3

Consumer Discretionary

24.3709

27.5226

-3.1517

3

Consumer Discretionary

18.0385

17.7415

0.2970

4

Consumer Staples

2.8061

3.1439

-0.3378

4

Consumer Staples

3.6066

3.4910

0.1156

6

Energy

0.8782

0.0568

0.8214

6

Energy

0.0822

0.0000

0.0822

7

Materials & Processing

1.1289

1.0916

0.0373

7

Materials & Processing

16.3853

18.5257

-2.1404

8

Producer Durables

11.7299

9.5088

2.2211

8

Producer Durables

25.2216

21.7222

3.4994

10

Financial Services

2.5693

4.7298

-2.1605

10

Financial Services

23.2584

22.5431

0.7153

11

Utilities

42.2387

38.5885

3.6502

11

Utilities

5.1111

5.8314

-0.7203

May 27, 2016

39 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Switzerland Sector

Sector description

Taiwan Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

3.0489

2.8560

0.1929

1

Technology

50.6453

51.0513

-0.4060

2

Health Care

32.6284

34.3108

-1.6824

2

Health Care

1.6359

1.2871

0.3488

3

Consumer Discretionary

4.5205

4.2701

0.2504

3

Consumer Discretionary

7.1217

7.0198

0.1019

4

Consumer Staples

20.9051

20.4478

0.4573

4

Consumer Staples

3.1886

3.0350

0.1536

6

Energy

1.8384

1.9627

-0.1243

6

Energy

1.3487

1.4334

-0.0847

7

Materials & Processing

10.1508

9.5763

0.5745

7

Materials & Processing

13.4630

14.2046

-0.7416

8

Producer Durables

8.5239

8.6280

-0.1041

8

Producer Durables

3.0365

2.8846

0.1519

10

Financial Services

17.2645

16.7841

0.4804

10

Financial Services

15.3633

14.9270

0.4363

11

Utilities

1.1191

1.1638

-0.0447

11

Utilities

4.1966

4.1567

0.0399 3.9009

Dynamic

Dynamic

1

Technology

4.4347

3.8457

0.5890

1

Technology

39.9872

36.0863

2

Health Care

4.6591

12.8355

-8.1764

2

Health Care

3.5123

2.8187

0.6936

3

Consumer Discretionary

7.1354

13.5280

-6.3926

3

Consumer Discretionary

12.0755

12.6940

-0.6185

4

Consumer Staples

1.9193

2.6872

-0.7679

4

Consumer Staples

0.4148

0.3836

0.0312

6

Energy

10.6403

9.3094

1.3309

6

Energy

1.0825

2.6194

-1.5369

7

Materials & Processing

13.1372

12.0080

1.1292

7

Materials & Processing

14.1595

15.5683

-1.4088

8

Producer Durables

8.2950

5.6487

2.6463

8

Producer Durables

3.2186

3.4318

-0.2132

10

Financial Services

48.5962

39.0975

9.4987

10

Financial Services

25.1886

26.1613

-0.9727

11

Utilities

1.1825

1.0394

0.1431

11

Utilities

0.3605

0.2362

0.1243

Defensive

Defensive

1

Technology

2.7594

2.5916

0.1678

1

Technology

56.2868

57.8958

-1.6090

2

Health Care

38.4703

40.0481

-1.5778

2

Health Care

0.6428

0.5866

0.0562

3

Consumer Discretionary

3.9743

1.7967

2.1776

3

Consumer Discretionary

4.4995

4.4246

0.0749

4

Consumer Staples

24.8706

25.1928

-0.3222

4

Consumer Staples

4.6569

4.2476

0.4093

6

Energy

0.0000

0.0000

0.0000

6

Energy

1.4896

0.8910

0.5986

7

Materials & Processing

9.5270

8.9267

0.6003

7

Materials & Processing

13.0944

13.5809

-0.4865

8

Producer Durables

8.5718

9.4239

-0.8521

8

Producer Durables

2.9401

2.6343

0.3058

10

Financial Services

10.7204

10.8228

-0.1024

10

Financial Services

10.1626

9.7888

0.3738

11

Utilities

1.1058

1.1971

-0.0913

11

Utilities

6.2271

5.9498

0.2773

May 27, 2016

40 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Thailand Sector

Sector description

Turkey Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

4.3103

4.4968

-0.1865

1

Technology

1.3544

1.1657

0.1887

2

Health Care

4.8424

4.3358

0.5066

2

Health Care

0.2304

0.1750

0.0554

3

Consumer Discretionary

6.9425

6.6477

0.2948

3

Consumer Discretionary

7.4968

7.0898

0.4070

4

Consumer Staples

13.9924

14.7142

-0.7218

4

Consumer Staples

14.0103

14.3049

-0.2946

6

Energy

16.0852

16.4771

-0.3919

6

Energy

-1.3068

7

Materials & Processing

6.2970

6.5876

-0.2906

7

Materials & Processing

8

Producer Durables

9.0164

8.0816

0.9348

8

10

Financial Services

27.5544

27.2615

0.2929

11

Utilities

10.9590

11.3973

-0.4383

Dynamic

9.6082

10.9150

10.4995

10.1693

0.3302

Producer Durables

8.3669

8.4048

-0.0379

10

Financial Services

40.6126

40.0348

0.5778

11

Utilities

7.8203

7.7402

0.0801 1.0332

Dynamic

1

Technology

3.6175

3.2717

0.3458

1

Technology

1.3887

0.3555

2

Health Care

0.8265

1.1988

-0.3723

2

Health Care

0.1103

0.0000

0.1103

3

Consumer Discretionary

6.1687

6.0483

0.1204

3

Consumer Discretionary

7.1402

8.5649

-1.4247

4

Consumer Staples

9.7647

18.1528

-8.3881

4

Consumer Staples

8.7273

8.6094

0.1179

6

Energy

32.5490

21.3135

11.2355

6

Energy

9.4180

13.9741

-4.5561

7

Materials & Processing

4.1415

3.9251

0.2164

7

Materials & Processing

9.3168

8.5305

0.7863

8

Producer Durables

7.2679

10.6928

-3.4249

8

Producer Durables

7.5196

9.2947

-1.7751

10

Financial Services

18.9789

26.4785

-7.4996

10

Financial Services

53.0110

48.7043

4.3067

11

Utilities

16.6848

8.9181

7.7667

11

Utilities

3.3676

1.9661

1.4015

Defensive

Defensive

1

Technology

4.9478

6.2658

-1.3180

1

Technology

1.2640

4.0565

-2.7925

2

Health Care

8.5376

8.8656

-0.3280

2

Health Care

0.5474

0.7997

-0.2523

3

Consumer Discretionary

7.6545

7.5133

0.1412

3

Consumer Discretionary

8.4384

1.8264

6.6120

4

Consumer Staples

17.8824

9.7487

8.1337

4

Consumer Staples

27.9579

34.6273

-6.6694

6

Energy

0.9361

9.4933

-8.5572

6

Energy

10.1102

0.0000

10.1102

7

Materials & Processing

8.2804

10.4323

-2.1519

7

Materials & Processing

13.6218

16.0168

-2.3950

8

Producer Durables

10.6252

4.3109

6.3143

8

Producer Durables

10.6038

5.2292

5.3746

10

Financial Services

35.4450

28.3923

7.0527

10

Financial Services

7.8803

9.1009

-1.2206

11

Utilities

5.6904

14.9773

-9.2869

11

Utilities

19.5758

28.3428

-8.7670

May 27, 2016

41 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

United Arab Emirates Sector

Sector description

United Kingdom Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference % 0.0787

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

3.1561

3.0774

2

Health Care

2.7800

16.0616

-13.2816

2

Health Care

8.4479

7.9143

0.5336

3

Consumer Discretionary

2.7612

3.0732

-0.3120

3

Consumer Discretionary

14.5727

14.8057

-0.2330

4

Consumer Staples

0.8699

1.0562

-0.1863

4

Consumer Staples

19.3556

19.4403

-0.0847

6

Energy

1.9362

2.1171

-0.1809

6

Energy

4.8494

4.9038

-0.0544

7

Materials & Processing

0.2925

0.3256

-0.0331

7

Materials & Processing

5.9933

6.1185

-0.1252

8

Producer Durables

12.6212

14.0478

-1.4266

8

Producer Durables

8.1861

8.3430

-0.1569

10

Financial Services

60.4764

63.3182

-2.8418

10

Financial Services

24.9672

24.7656

0.2016

11

Utilities

18.2622

0.0000

18.2622

11

Utilities

10.4713

10.6309

-0.1596 -1.5469

Dynamic

Dynamic

1

Technology

0.0000

0.0000

0.0000

1

Technology

4.0631

5.6100

2

Health Care

3.7006

12.7757

-9.0751

2

Health Care

8.0696

1.2745

6.7951

3

Consumer Discretionary

3.6755

3.3860

0.2895

3

Consumer Discretionary

12.6601

17.4270

-4.7669

4

Consumer Staples

0.2447

0.3223

-0.0776

4

Consumer Staples

3.9259

4.3879

-0.4620

6

Energy

2.5774

2.3325

0.2449

6

Energy

11.8452

13.8186

-1.9734

7

Materials & Processing

0.3894

0.3588

0.0306

7

Materials & Processing

11.2028

11.6500

-0.4472

8

Producer Durables

10.1334

11.8757

-1.7423

8

Producer Durables

10.2001

9.3937

0.8064

10

Financial Services

79.2787

68.9487

10.3300

10

Financial Services

32.3473

31.2404

1.1069

11

Utilities

0.0000

0.0000

0.0000

11

Utilities

5.6855

5.1973

0.4882

Defensive

Defensive

1

Technology

0.0000

0.0000

0.0000

1

Technology

2.6190

1.7078

0.9112

2

Health Care

0.0000

48.3506

-48.3506

2

Health Care

8.6720

11.5049

-2.8329

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

15.7052

13.3881

2.3171

4

Consumer Staples

2.7579

8.2675

-5.5096

4

Consumer Staples

28.4922

27.5800

0.9122

6

Energy

0.0000

0.0000

0.0000

6

Energy

0.7069

0.0831

0.6238

7

Materials & Processing

0.0000

0.0000

0.0000

7

Materials & Processing

2.9085

3.1273

-0.2188

8

Producer Durables

20.1341

35.3920

-15.2579

8

Producer Durables

6.9935

7.7748

-0.7813

10

Financial Services

3.6964

7.9897

-4.2933

10

Financial Services

20.5971

21.2644

-0.6673

11

Utilities

73.4114

0.0000

73.4114

11

Utilities

13.3052

13.5692

-0.2640

May 27, 2016

42 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

United States Sector

Sector description

Reconstitution index weight %

Index weight %

Difference % -0.1733

Core 1

Technology

16.3730

16.5463

2

Health Care

14.1046

13.9788

0.1258

3

Consumer Discretionary

14.2959

14.3824

-0.0865

4

Consumer Staples

8.1555

8.1190

0.0365

6

Energy

6.6372

6.5463

0.0909

7

Materials & Processing

3.8232

3.8275

-0.0043

8

Producer Durables

10.7487

10.9337

-0.1850

10

Financial Services

20.0259

19.9557

0.0702

11

Utilities

5.8355

5.7099

0.1256

Dynamic 1

Technology

20.2165

16.3073

3.9092

2

Health Care

12.7847

13.4772

-0.6925

3

Consumer Discretionary

15.5901

17.2551

-1.6650

4

Consumer Staples

3.5248

3.2566

0.2682

6

Energy

8.6826

8.2829

0.3997

7

Materials & Processing

5.7615

5.7500

0.0115

8

Producer Durables

10.4084

9.8029

0.6055

10

Financial Services

20.4883

20.5164

-0.0281

11

Utilities

2.5425

5.3510

-2.8085

Defensive 1

Technology

12.4701

16.7622

-4.2921

2

Health Care

15.4448

14.4322

1.0126

3

Consumer Discretionary

12.9818

11.7862

1.1956

4

Consumer Staples

12.8578

12.5135

0.3443

6

Energy

4.5602

4.9767

-0.4165

7

Materials & Processing

1.8548

2.0901

-0.2353

8

Producer Durables

11.0942

11.9556

-0.8614

10

Financial Services

19.5563

19.4489

0.1074

11

Utilities

9.1794

6.0343

3.1451

May 27, 2016

43 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Argentina Sector

Sector description

Bahrain Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

38.2676

37.9238

0.3438

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

2.0586

1.8065

0.2521

4

Consumer Staples

0.0000

0.0000

0.0000

6

Energy

28.4136

25.8191

2.5945

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

0.0000

0.0000

0.0000

7

Materials & Processing

0.0000

0.0000

0.0000

8

Producer Durables

0.0000

0.0000

0.0000

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

19.8801

24.1539

-4.2738

10

Financial Services

100.0000

100.0000

0.0000

11

Utilities

11.3798

10.2965

1.0833

11

Utilities

0.0000

0.0000

0.0000

May 27, 2016

44 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Bangladesh Sector

Sector description

Botswana Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

0.0000

2

Health Care

21.1149

20.3315

0.7834

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

2.8025

3.6908

-0.8883

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

0.3263

4.3365

-4.0102

4

Consumer Staples

20.9977

13.4372

7.5605

6

Energy

7.3973

7.2021

0.1952

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

12.8193

12.9757

-0.1564

7

Materials & Processing

0.0000

0.0000

0.0000

8

Producer Durables

12.4272

12.9381

-0.5109

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

28.5104

26.2396

2.2708

10

Financial Services

79.0022

86.5627

-7.5605

11

Utilities

14.6017

12.2855

2.3162

11

Utilities

0.0000

0.0000

0.0000

May 27, 2016

45 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Cote d'Ivoire Sector

Sector description

Croatia Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference % 0.0000

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

3.3656

0.0000

3.3656

3

Consumer Discretionary

11.8763

17.7445

-5.8682

4

Consumer Staples

6

Energy

7

0.0000

0.0000

0.0000

4

Consumer Staples

47.1208

27.8261

19.2947

31.2464

0.0000

31.2464

6

Energy

0.0000

0.0000

0.0000

Materials & Processing

9.4482

0.0000

9.4482

7

Materials & Processing

0.0000

0.0000

0.0000

8

Producer Durables

0.0000

0.0000

0.0000

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

19.9741

100.0000

-80.0259

10

Financial Services

0.0000

0.0000

0.0000

11

Utilities

35.9655

0.0000

35.9655

11

Utilities

41.0027

54.4292

-13.4265

May 27, 2016

46 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Cyprus Sector

Egypt Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

0.0000

2

Health Care

3.1139

3.2875

-0.1736

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

0.0000

0.0000

0.0000

4

Consumer Staples

12.0864

6.4881

5.5983

6

Energy

5.0479

6.3474

-1.2995

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

1.2852

0.0000

1.2852

7

Materials & Processing

0.0000

0.0000

0.0000

8

Producer Durables

6.6646

6.9474

-0.2828

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

83.8881

83.4174

0.4707

10

Financial Services

71.7476

76.2332

-4.4856

11

Utilities

0.0000

0.0000

0.0000

11

Utilities

16.1659

17.2785

-1.1126

May 27, 2016

47 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Estonia Sector

Gabon Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

18.2945

20.5789

-2.2844

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

0.0000

0.0000

0.0000

4

Consumer Staples

0.0000

0.0000

0.0000

6

Energy

0.0000

0.0000

0.0000

6

Energy

100.0000

100.0000

0.0000

7

Materials & Processing

0.0000

0.0000

0.0000

7

Materials & Processing

0.0000

0.0000

0.0000

8

Producer Durables

68.7457

79.4210

-10.6753

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

0.0000

0.0000

0.0000

10

Financial Services

0.0000

0.0000

0.0000

11

Utilities

12.9597

0.0000

12.9597

11

Utilities

0.0000

0.0000

0.0000

May 27, 2016

48 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Jamaica Sector

Sector description

Jordan Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

47.2099

56.4276

-9.2177

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

0.0000

0.0000

0.0000

4

Consumer Staples

3.9703

0.0000

3.9703

6

Energy

0.0000

0.0000

0.0000

6

Energy

5.0470

5.2714

-0.2244

7

Materials & Processing

0.0000

0.0000

0.0000

7

Materials & Processing

0.4762

0.4603

0.0159

8

Producer Durables

0.0000

0.0000

0.0000

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

100.0000

100.0000

0.0000

10

Financial Services

41.1691

37.8405

3.3286

11

Utilities

0.0000

0.0000

0.0000

11

Utilities

2.1272

0.0000

2.1272

May 27, 2016

49 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Kazakhstan Sector

Sector description

Kenya Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference % 0.0000

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

0.0000

0.3801

-0.3801

4

Consumer Staples

6

Energy

7

0.0000

0.0000

0.0000

4

Consumer Staples

22.1994

20.0979

2.1015

61.7809

61.7809

0.0000

6

Energy

1.4380

0.9495

0.4885

Materials & Processing

0.0000

0.0000

0.0000

7

Materials & Processing

5.3092

5.0325

0.2767

8

Producer Durables

0.0000

0.0000

0.0000

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

0.0000

0.0000

0.0000

10

Financial Services

46.0343

49.5670

-3.5327

11

Utilities

38.2190

38.2190

0.0000

11

Utilities

25.0189

23.9727

1.0462

May 27, 2016

50 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Kuwait Sector

Lithuania Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

3.6897

3.2090

0.4807

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

1.6251

1.5628

0.0623

4

Consumer Staples

0.0000

0.0000

0.0000

6

Energy

0.0000

0.2470

-0.2470

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

5.6175

5.8344

-0.2169

7

Materials & Processing

0.0000

0.0000

0.0000

8

Producer Durables

12.9430

13.1660

-0.2230

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

64.4205

64.0977

0.3228

10

Financial Services

100.0000

0.0000

100.0000

11

Utilities

11.7039

11.8828

-0.1789

11

Utilities

0.0000

0.0000

0.0000

May 27, 2016

51 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Malta Sector

Mauritius Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference % 0.0000

Core

1

Technology

4.1253

4.7462

-0.6209

1

Technology

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

10.6140

17.2629

-6.6489

4

Consumer Staples

0.0000

0.0000

0.0000

4

Consumer Staples

0.0000

0.0000

0.0000

6

Energy

0.0000

0.0000

0.0000

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

0.0000

0.0000

0.0000

7

Materials & Processing

0.0000

0.0000

0.0000

8

Producer Durables

0.0000

0.0000

0.0000

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

95.8746

95.2537

0.6209

10

Financial Services

89.3859

82.7370

6.6489

11

Utilities

0.0000

0.0000

0.0000

11

Utilities

0.0000

0.0000

0.0000

May 27, 2016

52 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Morocco Sector

Sector description

Nigeria Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.3575

0.3577

-0.0002

3

Consumer Discretionary

2.0992

2.0378

0.0614

3

Consumer Discretionary

4

Consumer Staples

5.6695

5.8423

-0.1728

4

Consumer Staples

6

Energy

7

Materials & Processing

8

Producer Durables

10

Financial Services

11

Utilities

17.4046

May 27, 2016

0.0000

0.0000

0.0000

27.5458

27.5620

-0.0162

1.2098

1.1891

0.0207

6

Energy

14.5292

16.6010

-2.0718

7

Materials & Processing

7.9758

7.9215

0.0543

11.6170

11.6239

-0.0069

0.0000

0.0000

0.0000

8

Producer Durables

59.0873

57.2228

1.8645

10

Financial Services

1.0565

1.0571

-0.0006

51.4471

51.4774

17.1066

0.2980

11

Utilities

0.0000

-0.0303

0.0000

0.0000

53 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Oman Sector

Pakistan Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.8016

0.7884

0.0132

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

3.3181

4.4407

-1.1226

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

3.8096

3.3014

0.5082

4

Consumer Staples

0.0000

0.0000

0.0000

4

Consumer Staples

1.5152

0.9581

0.5571

6

Energy

1.9852

1.9350

0.0502

6

Energy

18.1265

21.7779

-3.6514

7

Materials & Processing

8.6573

9.4514

-0.7941

7

Materials & Processing

33.6947

34.1384

-0.4437

8

Producer Durables

2.0058

2.2501

-0.2443

8

Producer Durables

1.9592

1.2345

0.7247

10

Financial Services

51.2117

49.5259

1.6858

10

Financial Services

24.5403

23.0042

1.5361

11

Utilities

36.1398

36.8373

-0.6975

11

Utilities

12.2343

10.3560

1.8783

May 27, 2016

54 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Papua New Guinea Sector

Sector description

Qatar Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.4713

0.6738

-0.2025

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

0.6683

0.7062

-0.0379

4

Consumer Staples

0.0000

0.0000

0.0000

4

Consumer Staples

0.1704

0.4625

-0.2921

6

Energy

98.8941

98.9021

-0.0080

6

Energy

3.4235

4.7279

-1.3044

7

Materials & Processing

0.0000

0.0000

0.0000

7

Materials & Processing

13.6190

9.2984

4.3206

8

Producer Durables

0.0000

0.0000

0.0000

8

Producer Durables

10.0231

7.0267

2.9964

10

Financial Services

1.1058

1.0978

0.0080

10

Financial Services

60.9434

61.8365

-0.8931

11

Utilities

0.0000

0.0000

0.0000

11

Utilities

10.6805

15.2677

-4.5872

May 27, 2016

55 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Romania Sector

Sector description

Senegal Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

0.0000

0.0000

0.0000

4

Consumer Staples

0.0000

0.0000

0.0000

6

Energy

36.7935

30.4161

6.3774

6

Energy

0.0000

3.7298

-3.7298

7

Materials & Processing

0.0000

0.0000

0.0000

7

Materials & Processing

0.0000

0.0000

0.0000

8

Producer Durables

0.0000

0.0000

0.0000

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

48.5642

53.2184

-4.6542

10

Financial Services

0.0000

0.0000

0.0000

11

Utilities

14.6422

16.3654

-1.7232

11

Utilities

100.0000

96.2701

3.7299

May 27, 2016

56 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Serbia Sector

Slovenia Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference % 0.0000

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

62.4341

59.2422

3.1919

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

0.0000

3.3100

-3.3100

4

Consumer Staples

0.0000

0.0000

0.0000

4

Consumer Staples

0.0000

6

Energy

0.0000

0.0000

0.0000

6

Energy

7

Materials & Processing

0.0000

0.0000

0.0000

7

Materials & Processing

8

Producer Durables

0.0000

0.0000

0.0000

8

Producer Durables

10

Financial Services

100.0000

100.0000

0.0000

10

Financial Services

11

Utilities

0.0000

0.0000

0.0000

11

Utilities

6.0544

May 27, 2016

0.0000

0.0000

18.0516

17.0869

0.9647

0.0000

1.8743

-1.8743

0.0000

0.0000

0.0000

13.4597

12.7666

0.6931

5.7197

0.3347

57 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Sri Lanka Sector

Sector description

Tanzania Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

0.0000

0.0000

0.0000

2

Health Care

1.4913

0.0000

1.4913

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

2.3145

2.4636

-0.1491

3

Consumer Discretionary

0.0000

0.0000

0.0000

4

Consumer Staples

6.4890

3.1986

3.2904

4

Consumer Staples

58.1894

67.6549

-9.4655

6

Energy

4.0203

4.1314

-0.1111

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

0.0000

0.0000

0.0000

7

Materials & Processing

0.0000

0.0000

0.0000

8

Producer Durables

35.2392

29.8685

5.3707

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

47.2737

57.1901

-9.9164

10

Financial Services

41.8105

32.3450

9.4655

11

Utilities

3.1717

3.1475

0.0242

11

Utilities

0.0000

0.0000

0.0000

May 27, 2016

58 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Trinidad and Tobago Sector

Sector description

Tunisia Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

8.8214

12.4449

-3.6235

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.0000

0.0000

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

8.2932

0.0000

8.2932

4

Consumer Staples

0.0000

0.0000

0.0000

4

Consumer Staples

9.3040

19.8884

-10.5844

6

Energy

100.0000

15.8680

84.1320

6

Energy

0.0000

0.0000

0.0000

7

Materials & Processing

0.0000

0.0000

0.0000

7

Materials & Processing

7.6407

11.6360

-3.9953

8

Producer Durables

0.0000

0.0000

0.0000

8

Producer Durables

0.0000

0.0000

0.0000

10

Financial Services

0.0000

84.1319

-84.1319

10

Financial Services

65.9404

56.0305

9.9099

11

Utilities

0.0000

0.0000

0.0000

11

Utilities

0.0000

0.0000

0.0000

May 27, 2016

59 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 4: Country sector weights

As of May 27, 2016

Ukraine Sector

Vietnam Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

Sector

Sector description

Reconstitution index weight %

Index weight %

Difference %

Core

1

Technology

0.0000

0.0000

0.0000

1

Technology

4.5645

5.2942

-0.7297

2

Health Care

0.0000

0.0000

0.0000

2

Health Care

0.0000

0.2529

-0.2529

3

Consumer Discretionary

0.0000

0.0000

0.0000

3

Consumer Discretionary

5.5813

4.9735

0.6078

4

Consumer Staples

100.0000

100.0000

0.0000

4

Consumer Staples

17.6479

13.7946

3.8533

6

Energy

0.0000

0.0000

0.0000

6

Energy

2.4438

2.6320

-0.1882

7

Materials & Processing

0.0000

0.0000

0.0000

7

Materials & Processing

8.2749

7.2922

0.9827

8

Producer Durables

0.0000

0.0000

0.0000

8

Producer Durables

9.8409

10.3008

-0.4599

10

Financial Services

0.0000

0.0000

0.0000

10

Financial Services

47.7700

54.1454

-6.3754

11

Utilities

0.0000

0.0000

0.0000

11

Utilities

3.8765

1.3139

2.5626

May 27, 2016

60 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 5: Stability Valuation By Country Country

Reconstitution index

As of May 27, 2016

Index weight

Country

Reconstitution index

Index weight

% Defensive

% Dynamic

% Defensive

% Dynamic

% Defensive

% Dynamic

% Defensive

% Dynamic

Australia

56

44

78

22

Singapore

75

25

84

16

Austria

25

75

22

78

South Africa

49

51

60

40

Belgium

72

28

68

32

Spain

34

66

31

69

Brazil

24

76

27

73

Sweden

63

37

63

37

Canada

55

45

63

37

Switzerland

83

17

79

21

Chile

76

24

72

28

Taiwan

65

35

69

31

China

16

84

20

80

Thailand

52

48

41

59

Colombia

45

55

64

36

Turkey

27

73

22

78

Czech Republic

83

17

100

0

United Arab Emirates

25

75

9

91

Denmark

59

41

66

34

United Kingdom

63

37

65

35

Finland

47

53

49

51

United States

50

50

53

47

France

51

49

57

43

Germany

54

46

57

43

Greece

5

95

5

95

Hong Kong

59

41

63

37

Hungary

31

69

12

88

India

50

50

39

61

Indonesia

39

61

46

54

Ireland

30

70

32

68

Israel

78

22

80

20

Italy

23

77

25

75

Japan

31

69

41

59

Korea

42

58

38

62

Luxembourg

28

72

30

70

Malaysia

86

14

87

13

Mexico

63

37

61

39

Netherlands

39

61

57

43

New Zealand

80

20

83

17

Norway

41

59

42

58

Peru

8

92

44

56

Philippines

49

51

53

47

Poland

51

49

54

46

Portugal

49

51

13

87

Russia

33

67

15

85

May 27, 2016

61 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 6: Total securities and market capitalization

As of May 27, 2016

Reconstitution Country

Securities

Total market capitalization

Index Total market capitalization (float)

Securities

Total market capitalization

Total market capitalization (float)

United Arab Emirates

36

158,622,431,792

45,119,779,053

34

125,840,778,487

Austria

35

85,383,962,827

42,124,323,198

35

86,909,069,391

41,331,382,850

262

1,092,225,398,968

963,887,168,982

234

1,066,999,659,602

947,225,566,545 210,844,857,678

Australia Belgium

40,538,002,738

55

381,119,873,596

213,906,068,842

55

385,200,295,947

Brazil

122

678,551,277,951

246,267,650,397

131

719,267,664,841

260,722,300,705

Canada

365

1,633,949,799,807

1,336,672,563,032

360

1,601,680,103,344

1,337,613,147,272

Switzerland

1,294,044,669,371

143

1,753,141,573,842

1,245,026,415,877

140

1,796,972,146,933

Chile

41

153,329,157,066

54,158,940,366

42

153,755,113,510

55,332,645,192

China

554

3,946,450,755,022

1,095,406,245,994

730

4,127,706,173,401

1,141,923,313,754

21

110,560,656,053

28,344,025,521

21

111,264,889,447

29,304,785,973

7

24,796,312,396

8,151,771,266

5

22,034,937,537

6,788,743,485

Germany

183

1,822,384,278,753

1,173,528,525,286

182

1,853,109,560,271

1,197,464,536,665

Denmark

48

406,822,808,514

272,195,871,418

45

411,854,901,123

282,979,597,201

Spain

80

663,824,876,660

428,882,349,110

79

669,636,302,542

436,110,401,509

Finland

54

204,703,517,179

153,389,967,670

53

205,563,468,838

154,418,136,984

France

195

1,781,647,370,162

1,202,544,821,509

180

1,785,346,911,446

1,270,184,945,413

United Kingdom

492

2,955,510,920,219

2,607,511,749,375

483

2,924,022,822,893

2,561,678,917,112

24

33,812,225,137

20,699,362,614

28

35,000,024,013

16,500,700,826

236

1,008,725,160,912

491,578,706,303

211

834,267,825,431

397,540,394,981

Colombia Czech Republic

Greece Hong Kong Hungary

4

18,140,427,267

11,498,685,751

4

18,388,210,991

11,922,393,755

Indonesia

96

300,506,192,395

108,270,661,444

99

265,083,164,740

102,236,408,902

Ireland

32

181,364,038,823

169,577,711,563

31

168,157,096,572

157,797,474,629

Israel

84

176,449,100,285

125,097,571,585

73

173,835,888,103

122,905,379,442

India

431

1,227,892,789,198

425,229,207,296

416

1,212,732,705,503

406,947,908,703

Italy

114

581,654,508,680

322,304,691,824

119

585,109,725,043

320,986,347,749

Japan

1,338

4,643,544,160,133

3,164,040,754,387

1,228

4,696,338,753,592

3,259,958,780,844

Korea

639,624,537,566

469

1,395,148,598,510

627,989,828,537

473

1,400,837,627,660

Luxembourg

18

88,891,188,093

45,227,188,469

24

133,422,383,771

57,718,664,115

Mexico

75

405,460,111,020

175,118,201,207

78

419,465,870,210

179,341,508,439

Malaysia

134

338,431,800,505

161,603,113,041

139

340,524,774,530

160,027,771,281

Netherlands

73

1,004,422,766,017

592,085,756,458

69

978,372,101,382

620,432,094,003

Norway

60

207,621,318,705

104,895,542,780

62

207,223,245,887

105,432,720,322

New Zealand

45

72,521,582,170

51,607,077,662

39

70,112,902,705

47,508,608,791

May 27, 2016

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Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 6: Total securities and market capitalization

As of May 27, 2016

Reconstitution Country

Securities

Total market capitalization

Index Total market capitalization (float)

Securities

Total market capitalization

Total market capitalization (float)

Peru

10

29,865,362,622

15,168,936,452

14

37,934,350,839

17,412,267,000

Philippines

59

207,460,077,967

70,982,094,464

64

208,673,525,270

72,015,224,943

Poland

45

102,986,118,008

52,243,989,808

49

104,366,350,066

53,856,568,962

Portugal

14

50,849,545,760

25,684,419,793

15

50,945,986,869

25,005,869,166

Russia

57

540,931,255,101

181,711,430,838

56

540,644,812,606

182,782,242,353

Sweden

152

750,248,209,053

442,227,361,472

146

749,258,487,153

431,589,918,090

Singapore

116

360,326,076,183

203,023,708,759

130

365,925,577,440

206,191,346,239

Thailand

147

335,068,134,536

121,436,361,640

153

336,291,494,934

119,558,439,276

Turkey

85

167,853,687,215

57,940,291,438

79

165,699,798,688

58,627,386,295

Taiwan

363

745,144,933,564

547,981,029,265

376

739,215,694,369

553,238,289,293

3,018

24,765,766,960,000

21,935,610,835,847

2,963

24,981,094,823,737

22,344,758,175,085

120

394,898,245,450

293,224,456,157

117

371,393,509,820

285,312,949,559

United States South Africa

May 27, 2016

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Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 6: Total securities and market capitalization

As of May 27, 2016

Reconstitution Country

Securities

Total market capitalization

Index Total market capitalization (float)

Securities

Total market capitalization

Total market capitalization (float)

Argentina

13

36,007,064,869

17,287,640,102

14

36,884,536,622

19,023,878,635

Bangladesh

52

21,092,906,816

7,573,124,875

50

22,468,944,638

7,458,465,579

Bahrain

3

5,072,133,414

4,106,046,306

4

5,534,358,888

4,563,325,074

Botswana

4

2,060,188,268

1,150,273,503

4

2,060,187,939

1,189,435,226

Cote d'Ivoire

6

2,207,911,066

1,162,606,753

1

281,134,094

91,396,694

Cyprus

9

7,788,018,125

3,708,384,673

10

7,617,341,675

3,557,416,222

Estonia

3

1,417,113,462

671,914,917

2

1,087,621,231

597,725,245

Egypt

3

8,102,697,881

5,556,432,449

3

6,954,871,680

5,198,638,150

Gabon

1

700,933,860

117,194,739

1

700,933,858

117,196,141

Croatia

5

4,116,326,134

1,991,269,683

3

3,283,203,657

1,427,243,671

Jamaica

2

1,507,290,128

409,500,584

1

815,291,960

208,779,965

Jordan

15

19,042,588,656

9,499,430,070

9

16,479,162,015

9,827,817,767

Kenya

13

16,254,420,517

6,819,748,646

17

17,068,554,467

7,532,918,547

Kuwait

43

61,093,523,542

27,552,579,320

54

64,040,449,091

29,582,909,143

2

1,854,993,135

185,499,298

2

1,854,993,108

185,499,298

20

8,393,332,435

3,284,714,313

18

6,387,274,364

3,153,099,032

Kazakhstan Sri Lanka Lithuania

1

143,288,586

124,712,703

Morocco

21

41,969,700,730

12,059,324,951

23

43,141,984,800

12,269,394,579

Malta

4

6,881,849,371

4,245,024,120

3

6,701,417,525

4,096,170,442

Mauritius

4

2,456,829,044

1,921,958,986

5

2,754,227,214

1,949,347,732

Nigeria

33

41,046,009,713

19,086,351,847

33

43,898,620,992

19,075,099,068

Oman

21

16,417,141,953

7,693,046,329

20

16,186,013,205

7,659,999,347

2

7,601,248,792

6,545,363,304

2

7,601,248,697

6,584,372,984

Pakistan

78

48,930,448,395

18,068,913,899

80

49,726,407,408

16,481,483,505

Qatar

Papua New Guinea

39

142,644,978,687

31,929,310,578

38

134,452,622,220

29,780,802,721

Romania

7

11,506,331,170

5,165,486,459

8

11,879,927,662

5,168,895,238

Serbia

1

141,426,595

20,462,687

1

141,426,594

29,966,688

Slovenia

4

3,942,777,516

3,156,328,571

6

4,182,919,595

3,341,000,356

Senegal

1

3,987,069,000

1,235,991,379

2

4,139,099,743

1,263,584,271

Tunisia

9

2,181,435,926

1,036,070,341

5

1,710,772,236

680,333,136

Trinidad and Tobago

1

365,906,797

263,811,453

2

2,976,324,440

1,506,547,261

Tanzania

3

2,749,338,242

1,009,212,445

4

3,297,533,512

1,289,284,041

Ukraine

1

1,093,339,176

664,597,169

4

2,374,273,081

1,272,680,912

May 27, 2016

64 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 6: Total securities and market capitalization

As of May 27, 2016

Reconstitution Country Vietnam

May 27, 2016

Securities 51

Total market capitalization 27,388,326,881

Index Total market capitalization (float) 9,028,434,848

Securities 37

Total market capitalization 25,083,853,655

Total market capitalization (float) 7,745,543,577

65 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 7: Index Additions by Country Russell Global Indexes

Russell Global Indexes Country

Number of additions

Country

Russell Frontier® Indexes Number of additions

Country

Number of additions

United States

181

Austria

2

Vietnam

Japan

156

Czech Republic

2

Bangladesh

9

India

57

Luxembourg

2

Pakistan

9

Korea

56

Mexico

2

Cote d'Ivoire

6

Australia

49

Philippines

2

Jordan

6

China

39

Colombia

1

Sri Lanka

5

United Kingdom

36

Greece

1

Tunisia

5

Canada

35

Portugal

1

Kuwait

4

Taiwan

35

Croatia

2

France

26

Jamaica

2

Hong Kong

24

Malta

2

Israel

14

Qatar

2

Germany

13

Cyprus

1

Malaysia

13

Estonia

1

Sweden

12

Lithuania

1

Thailand

11

Mauritius

1

Indonesia

10

Morocco

1

Turkey

10

Oman

1

Singapore

8

South Africa

7

Switzerland

7

New Zealand

6

Spain

6

Finland

5

Italy

5

Belgium

4

Brazil

4

Norway

4

Poland

4

Russia

4

Denmark

3

Ireland

3

Netherlands

3

United Arab Emirates

3

May 27, 2016

16

66 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 8: Index additions by sector Russell Global Indexes

Russell Frontier® Indexes

Sector

Description

Sector

Description

10

Financial Services

183

10

Financial Services

26

3

Consumer Discretionary

142

7

Materials & Processing

10

7

Materials & Processing

117

3

Consumer Discretionary

9

1

Technology

117

4

Consumer Staples

9

8

Producer Durables

114

11

Utilities

9

2

Health Care

92

8

Producer Durables

6

4

Consumer Staples

59

2

Health Care

3

6

Energy

29

6

Energy

1

11

Utilities

13

1

Technology

1

May 27, 2016

Number of additions

Number of additions

67 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 9: Second quarter IPO additions Russell Global Indexes Cap size designation

Float adjusted market cap Russell Global Sector

Country assignment

Company name

Australia

Reliance Worldwide Corporation (Aust.) Pty Ltd Small Cap

817770058

Materials & Processing

Roofing, Wallboard & Plumbing

Australia

Wisetech Global Limited

Small Cap

234917204

Technology

Computer Svcs. Software & Syst

China

Nameson Holdings Limited

Small Cap

65679455

Consumer Discretionary

Textiles Apparel & Shoes

China

Yintech Investment Holdings Limited

Small Cap

102485065

Financial Services

Securities Brokerage & Svcs

Czech Republic

MONETA Money Bank a. s.

Small Cap

937809414

Financial Services

Banks: Diversified

Finland

Lehto Group Oyj

Small Cap

112648024

Producer Durables

Construction

Finland

Tokmanni Group Oyj

Small Cap

206584889

Consumer Discretionary

Diversified Retail

Hong Kong

Get Nice Financial Group Limited

Small Cap

91744301

Financial Services

Diversified Financial Services

India

Crompton Greaves Consumer Electricals Limited

Small Cap

297191965

Consumer Discretionary

Consumer Electronics

India

Equitas Holdings Private Limited

Small Cap

185983930

Financial Services

Consumer Lending

India

Infibeam Incorporation LTD.

Small Cap

80831221

Consumer Discretionary

Diversified Retail

India

Thyrocare Technologies Limited

Small Cap

81693517

Health Care

Medical Services

India

Ujjivan Financial Services Limited

Small Cap

131221157

Financial Services

Consumer Lending

Italy

COIMA RES S.p.A

Small Cap

211019846

Financial Services

Equity REIT: Diversified

Italy

Technogym S.p.A.

Small Cap

246679606

Consumer Discretionary

Leisure Time

Japan

Japan Meat Co.Ltd.

Small Cap

70745215

Consumer Staples

Drug & Grocery Store Chains

Japan

STAR ASIA INVESTOMENT CORPORATION

Small Cap

225028082

Financial Services

Equity REIT: Diversified

Korea

Haitai Confectionery and Foods Co. Ltd.

Small Cap

229344252

Consumer Staples

Foods

Korea

Rayence Co. Ltd.

Small Cap

101705338

Health Care

Medical Equipment

Netherlands

Sif Holding N.V.

Small Cap

134468520

Energy

Energy Equipment

New Zealand

Tegel Group Holdings Limited

Small Cap

216852036

Consumer Staples

Agriculture Fishing & Ranching

Poland

X-Trade Brokers Dom Maklerski Spolka Akcyjna

Small Cap

62861493

Financial Services

Securities Brokerage & Svcs

Spain

Global Dominion Access S.A.

Small Cap

148116705

Technology

Computer Svcs. Software & Syst

Spain

Parques Reunidos Servicios Centrales S.A.

Small Cap

636835678

Consumer Discretionary

Leisure Time

Spain

Tele Pizza S.A.

Small Cap

608755008

Consumer Discretionary

Restaurants

Sweden

Resurs Holding AB

Small Cap

503652612

Financial Services

Consumer Lending

Switzerland

VAT Group AG

Small Cap

758681507

Producer Durables

Scientific Instr: Ctrl&Filter

Thailand

GOLDEN VENTURES LEASEHOLD REIT

Small Cap

236377600

Financial Services

Equity REIT: Office

Turkey

Via Gayrimenkul Yatirim Ortakligi Anonim Sirketi

Small Cap

103642737

Financial Services

Equity REIT: Diversified

United Kingdom

Forterra Plc

Small Cap

173541954

Materials & Processing

Building Materials

United Kingdom

Hotel Chocolat Group Limited

Small Cap

110327328

Consumer Staples

Foods

May 27, 2016

Russell Global Industry

68 of 69

Russell Global Indexes

2016 Preliminary Reconstitution Analysis Section 9: Second quarter IPO additions Country assignment

Company name

Cap size designation

United Kingdom

Motorpoint Group Plc

Small Cap

188676236

Consumer Discretionary

Specialty Retail

United States

Acacia Communications Inc.

Small Cap

196612000

Technology

Telecommunications Equipment

United States

American Renal Associates LLC

Small Cap

234600000

Health Care

Health Care Facilities

United States

Cotiviti Holdings Inc.

Small Cap

222982160

Health Care

Health Care Services

United States

Global Water Resources Inc

Small Cap

59038320

Utilities

Utilities:Water

United States

GMS Inc.

Small Cap

158152500

Materials & Processing

Building Materials

United States

Intellia Therapeutics Inc.

Small Cap

203550000

Health Care

Biotechnology

United States

Midland States Bancorp Inc.

Small Cap

81563960

Financial Services

Banks: Diversified

United States

Reata Pharmaceuticals Inc.

Small Cap

80239320

Health Care

Biotechnology

United States

Red Rock Resorts Inc.

Small Cap

597407770

Consumer Discretionary

Casinos & Gambling

United States

Secureworks Corp.

Small Cap

82286385

Technology

Computer Svcs. Software & Syst

United States

SiteOne Landscape Supply Inc.

Small Cap

321052080

Consumer Discretionary

Specialty Retail

United States

Turning Point Brands Inc.

Small Cap

63097920

Consumer Staples

Tobacco

United States

US Foods Holding Corp.

Large Cap

1112433320

Consumer Staples

Foods

May 27, 2016

Float adjusted market cap Russell Global Sector

Russell Global Industry

69 of 69

Russell Global Indexes

2016 Reconstitution Analysis For more information about our indexes, please visit ftserussell.com © 2016 London Stock Exchange Group plc and its applicable group undertakings (the “LSE Group”). The LSE Group includes (1) FTSE International Limited (“FTSE”), (2) Frank Russell Company (“Russell”), (3) FTSE TMX Global Debt Capital Markets Inc. and FTSE TMX Global Debt Capital Markets Limited (together, “FTSE TMX”) and (4) MTSNext Limited (“MTSNext”). All rights reserved. FTSE Russell® is a trading name of FTSE, Russell, FTSE TMX and MTS Next Limited. “FTSE®”, “Russell®”, “FTSE Russell®” “MTS®”, “FTSE TMX®”, “FTSE4Good®” and “ICB®” and all other trademarks and service marks used herein (whether registered or unregistered) are trade marks and/or service marks owned or licensed by the applicable member of the LSE Group or their respective licensors and are owned, or used under licence, by FTSE, Russell, MTSNext, or FTSE TMX. All information is provided for information purposes only. Every effort is made to ensure that all information given in this publication is accurate, but no responsibility or liability can be accepted by any member of the LSE Group nor their respective directors, officers, employees, partners or licensors for any errors or for any loss from use of this publication or any of the information or data contained herein. No member of the LSE Group nor their respective directors, officers, employees, partners or licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE Russell Indexes or the fitness or suitability of the Indexes for any particular purpose to which they might be put. No member of the LSE Group nor their respective directors, officers, employees, partners or licensors provide investment advice and nothing in this document should be taken as constituting financial or investment advice. No member of the LSE Group nor their respective directors, officers, employees, partners or licensors make any representation regarding the advisability of investing in any asset. A decision to invest in any such asset should not be made in reliance on any information herein. Indexes cannot be invested in directly. Inclusion of an asset in an index is not a recommendation to buy, sell or hold that asset. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the applicable member of the LSE Group. Use and distribution of the LSE Group index data and the use of their data to create financial products require a licence from FTSE, Russell, FTSE TMX, MTSNext and/or their respective licensors. Past performance is no guarantee of future results. Charts and graphs are provided for illustrative purposes only. Index returns shown may not represent the results of the actual trading of investable assets. Certain returns shown may reflect back-tested performance. All performance presented prior to the index inception date is back-tested performance. 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. However, back-tested data may reflect the application of the index methodology with the benefit of hindsight, and the historic calculations of an index may change from month to month based on revisions to the underlying economic data used in the calculation of the index.

June 10, 2016