These Additional Terms of Use govern your access to and use of the asset allocation data and related information and materials for the MSCI WMA Private Investor Index Series (“WMA Data”) and index data and related information and materials for the MSCI WMA Private Investor Index Series ("MSCI Index Data") published on MSCI’s web site. Initial and subsequent access to and use of the MSCI web site, WMA Data and MSCI Index Data is subject to these Additional Terms of Use.

WMA Data:

The WMA Data and all of its components thereof constitute copyright, and/or proprietary and/or confidential information of substantial value to The Wealth Management Association (“WMA”) and is licensed solely to MSCI Inc. (“MSCI”). MSCI is the sole authorized provider of the MSCI WMA Private Investor Index Series which are the WMA’s official policy benchmarks.

You receive no proprietary rights in or to the WMA Data - title and ownership remains with WMA. You shall not, and shall not assist any third party to, assert any rights in the WMA Data or any component of it or challenge WMA's rights to it.

The WMA Data is for informational purposes only, and the user of the information contained in the WMA Data assumes the entire risk of any use made of it. The WMA Data is provided "as is".

Reproduction, redistribution or any other form of copying or transmission of the WMA Data without WMA's prior written consent is prohibited. In particular, the WMA Data may not, without WMA's prior written permission, be used: (i) as a basis for calculating any policy benchmarks that have the potential to serve as substitutes for any index within the MSCI WMA Private Investor Index Series; (ii) for designing, or calculating any index or performing method or process that does or is intended or aims to: (a) replicate or approximate the return or performance characteristics of any index in the MSCI WMA Private Investor Index Series; or (b) predict any outcome of any rebalancing of any index in the MSCI WMA Private Investor Index Series; (iii) for calculating any other benchmark or index; (iv) for verifying or correcting data in any other compilation of data or index; (v) for creating any derivatives works; or (vi) for any other commercial purposes.

MSCI Index Data:

The MSCI Index Data is for informational, non-commercial purposes only, and the user of the information contained in the MSCI Index Data assumes the entire risk of any use made of the MSCI Index Data. You understand and agree that the MSCI Index Data is provided "as is" and MSCI does not warrant the accuracy, completeness, non-infringement, originality, timeliness or any other characteristic of the MSCI Index Data.

The MSCI Index Data is not an offer or recommendation to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Further, none of the MSCI Index Data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Reproduction, redistribution or any other form of copying or transmission of the MSCI Index Data without MSCI's prior written consent is strictly prohibited. Without limiting the generality of the foregoing, the MSCI Index Data and other MSCI intellectual property you access via the MSCI web site may not, without MSCI's prior written permission, be used as a basis for any financial instruments or products (including, without limitation, passively managed funds and index-linked derivative securities) or other products or services, or used to verify or correct data in any other compilation of data or index, or used to create any other data or index (custom or otherwise), or used to create any derivative works, or used for any other commercial purposes.

In no event shall any of WMA, MSCI, their subsidiaries, and/or any of their or their direct or indirect information providers nor any other third party involved in, or related to, compiling, computing or creating any of the MSCI Index Data (collectively, the " Parties") have any liability to any person or entity for any damages, whether direct, indirect, special, incidental, punitive, consequential (including, without limitation, loss of use, lost profits or revenues or any other economic loss) arising in any manner out of your use or inability to use any of the WMA Data or MSCI Index Data contained on the MSCI web site, even if such party might have anticipated, or was advised or notified of, the possibility of such damages.

You agree to indemnify, defend and hold harmless the Parties from and against any claims, losses, damages, liabilities, costs and expenses, including, without limitation, reasonable attorneys' and experts' fees and costs, as incurred, arising in any manner out of your use of, or inability to use, any WMA or MSCI Index Data (as applicable) contained on the MSCI web site.

You acknowledge that (i) MSCI Index Data and all components thereof constitute copyrighted, trade secret and/or proprietary information of substantial value to MSCI, (ii) that you receive no proprietary rights whatsoever in or to the MSCI Index Data, and (iii) that title and ownership rights in and to the MSCI Index Data and all the rights therein and legal protections with respect thereto remain exclusively with MSCI. You shall not, and shall not assist any third party to, assert any rights in the MSCI Index Data or any component thereof or challenge MSCI's rights therein.

All terms used in these Additional Terms of Use, but not defined, have the definitions set forth in the General Terms of Use. The terms and conditions contained in these Additional Terms of Use are in addition to the General Terms of Use applicable to the entire MSCI web site, which are incorporated by reference. By accepting these Additional Terms of Use you are also expressly agreeing to the General Terms of Use.

Your use of the MSCI web site may be monitored by MSCI, and the resultant information may be used by MSCI for its internal business purposes or in accordance with the rules of any applicable regulatory organization.