The information provided on this website (the "Site") is not and should not be construed to be investment advice or an offer to sell or purchase or solicitation of an offer to sell or purchase any security or other instrument. The strategies described may or may not be suitable or appropriate for particular investors. Neither BNP Paribas nor any of its affiliates make any recommendation as to the suitability of any of any strategy or index for investment.

General risk considerations relating to indices:

• Past performance is not an indicator of future returns.
• The methodology underlying an index may not be successful no assurance can be given that the strategy or objectives of the relevant index will be achieved.
• Numerous factors (including, but not limited to, changes in: interest rates, investor expectations, economic results, regulations, liquidity) may affect the components of the relevant index and the performance of such index.
• An index may involve synthetic execution and may not reflect actual market activity.
• An index may contain embedded fees, which will reduce performance. Fees may be determined based on certain assumptions and may not reflect actual market activity. The amount of fees deducted may vary under different market conditions.
• The methodology and rules related to an index are subject to change.
• Where applicable, a volatility control mechanism may limit performance.
• Rebalancing may result in concentration risk and/or be partially or completely uninvested and may not achieve performance.
• Where applicable, the use of leverage will incur increased exposure to the index components.

These risk considerations are not exhaustive. Any potential user of an index should consult with financial and other advisors as it deems appropriate.