Industry Classification Benchmark (ICB)

1 overview Effective July 1, 2019 ICB is a single standard that defines the marketWith approximately 100,000 securities classified worldwide, we provide a comprehensive data source and a definitive categorizing system for the global investment Classification Benchmark (ICB) is a globally recognized standard, operated and managed by FTSE Russell for categorizing companies and securities across four levels of company is allocated to the subsector that most closely represents the nature of its business, which is determined by its primary source of revenue and other publicly available any equity-related security that an investment professional will encounter is covered by the ICB structure, providing a standardized basis for analysis, stock selection, performance measurement and product 11 Industries20 Supersectors45 Sectors173 SubsectorsICBI ndustry Classification Benchmark (ICB)2 Methodology overview effective July 1, 2019 Industry Classification Benchmark (ICB)FTSE RussellFeatures and contentInvestor focusedOffers increased clarity, better structure and universality to meet the needs of the investment coverageCovers virtually any equity-related security an investment professional will encounter.

2 A rigorous and transparent rules-based methodology enables accurate and relevant Classification , ensuring low inter-sector correlation in any stage of the economic a standardized basis for analysis, stock selection and performance measurement. It aligns with investment research and analysis, numerous exchange-traded products, and services developed by analytical data vendors. It can also be used to drive a search engine or enhance existing data and timelyThe accuracy, quality and timeliness of the data make it a very reliable reference source for validation, compliance and other reporting to investorsThe first and second level Industry and Supersector tiers are designed to reflect and facilitate sector-based investment strategies. Additional granularity is provided at the third and fourth level Sector and Subsector management combined with input from research teams based in each major region allows ICB to reflect the global industrial landscape and provides the reassurance of accurate representation and continued growth and monitoring of the reachAdopted by stock exchanges around the world including NYSE Euronext, NASDAQ OMX, London Stock Exchange, Taiwan Stock Exchange, Johannesburg Stock Exchange, Borsa Italiana, Singapore Stock Exchange, Athens Exchange, SIX Swiss Exchange, Cyprus Stock Exchange and Boursa and effectiveA single data source, which removes the need for users to maintain individual databases or undertake costly and time-consuming sector database: ICB Database product files are produced on the last business day of the week and are available by 10:00 US Eastern Standard TimeDaily updates.

3 Files containing daily changes are produced at the end of each business day of the week and are available by 10:00 US Eastern Standard TimeReliableDelivered on a timely basis toensure that new and changingsecurities are representedComprehensiveComprehensive universe ofstocks covering virtually anysecurity an investmentprofessional will encounterAccurateSingle classi cation monitored by aprofessional research by an independentcommitteeICBD atabase 3 Methodology overview effective July 1, 2019 Industry Classification Benchmark (ICB)FTSE RussellIndustrySupersectorSectorSubsecto r10 Technology1010 Technology101010 Software and Computer Services10101010 Computer Services10101015 Software10101020 Consumer Digital Services101020 Technology Hardware and Equipment10102010 Semiconductors10102015 Electronic Components10102020 Production Technology Equipment10102030 Computer Hardware10102035 Electronic Office Equipment15 Telecommunications1510 Telecommunications151010 Telecommunications Equipment15101010 Telecommunications Equipment151020 Telecommunications Service Providers15102010 Cable Television Services15102015 Telecommunications Services 20 health Care2010 health Care 201010 health Care Providers20101010 health Care Facilities20101020 health Care Management Services20101025 health Care Services20101030 health Care.

4 Medical Equipment and Services20102010 Medical Equipment20102015 Medical Supplies20102020 Medical Services201030 Pharmaceuticals, Biotechnology and Marijuana Producers20103010 Biotechnology20103015 Pharmaceuticals 20103020 Marijuana Producers30 Financials 3010 Banks301010 Banks30101010 Banks3020 Financial Services 302010 Finance and Credit Services30201020 Consumer Lending30201025 Mortgage Finance 30201030 Financial Data Providers302020 Investment Banking and Brokerage Services 30202000 Diversified Financial Services30202010 Asset Managers and Custodians30202015 Investment Services302030 Mortgage Real Estate Investment Trusts30203000 Mortgage REITs: Diversified30203010 Mortgage REITs: Commercial30203020 Mortgage REITs: Residential302040 Closed End Investments30204000 Closed End Investments302050 Open End and Miscellaneous Investment Vehicles30205000 Open End and Miscellaneous Investment Vehicles3030 Insurance303010 Life Insurance30301010 Life Insurance303020 Nonlife Insurance30302010 Full Line Insurance30302015 Insurance Brokers30302020 Reinsurance30302025 Property and Casualty Insurance4 Methodology overview effective July 1, 2019 Industry Classification Benchmark (ICB)

5 FTSE RussellIndustrySupersectorSectorSubsecto r35 Real Estate3510 Real Estate 351010 Real Estate Investment and Services Development 35101010 Real Estate Holding and Development 35101015 Real Estate Services351020 Real Estate Investment Trusts35102000 Diversified REITs35102010 health Care REITs35102015 Hotel and Lodging REITs35102020 Industrial REITs35102025 Infrastructure REITs35102030 Office REITs35102040 Residential REITs35102045 Retail REITs35102050 Storage REITs35102060 Timber REITs35102070 Other Specialty REITs40 Consumer Discretionary4010 Automobiles and Parts401010 Automobiles and Parts40101010 Auto Services40101015 Tires 40101020 Automobiles40101025 Auto Parts4020 Consumer Products and Services 402010 Consumer Services 40201010 Education Services40201020 Funeral Parlors and Cemetery40201030 Printing and Copying Services40201040 Rental and Leasing Services: Consumer40201050 Storage Facilities40201060 Vending and Catering Service40201070 Consumer Services.

6 Household Goods and Home Construction40202010 Home Construction40202015 Household Furnishings40202020 Household Appliance40202025 Household Equipment and Products402030 Leisure Goods40203010 Consumer Electronics40203040 Electronic Entertainment40203045 Toys40203050 Recreational Products40203055 Recreational Vehicles and Boats40203060 Photography5 Methodology overview effective July 1, 2019 Industry Classification Benchmark (ICB)FTSE RussellIndustrySupersectorSectorSubsecto r402040 Personal Goods40204020 Clothing and Accessories40204025 Footwear 40204030 Luxury Items40204035 Cosmetics4030 Media403010 Media40301010 Entertainment40301020 Media Agencies40301030 Publishing40301035 Radio and TV Broadcasters4040 Retailers404010 Retailers40401010 Diversified Retailers40401020 Apparel Retailers40401025 Home Improvement Retailers40401030 Specialty Retailers 4050 Travel and Leisure405010 Travel and Leisure40501010 Airlines 40501015 Travel and Tourism40501020 Casino and Gambling 40501025 Hotels and Motels40501030 Recreational Services40501040 Restaurants and Bars45 Consumer Staples4510 Food, Beverage and Tobacco451010 Beverages45101010 Brewers45101015 Distillers and Vintners45101020 Soft Drinks451020 Food Producers45102010 Farming, Fishing.

7 Ranching and Plantations45102020 Food Products45102030 Fruit and Grain Processing45102035 Sugar451030 Tobacco45103010 Tobacco4520 Personal Care, Drug and Grocery Stores 452010 Personal Care, Drug and Grocery Stores 45201010 Food Retailers and Wholesalers45201015 Drug Retailers45201020 Personal Products45201030 Nondurable Household Products45201040 Miscellaneous Consumer Staple Goods6 Methodology overview effective July 1, 2019 Industry Classification Benchmark (ICB)FTSE RussellIndustrySupersectorSectorSubsecto r50 Industrials5010 Construction and Materials501010 Construction and Materials 50101010 Construction50101015 Engineering and Contracting Services50101020 Building, Roofing/Wallboard and Plumbing50101025 Building: Climate Control50101030 Cement50101035 Building Materials: Other5020 Industrial Goods and Services502010 Aerospace and Defense50201010 Aerospace50201020 Defense502020 Electronic and Electrical Equipment50202010 Electrical Components 50202020 Electronic Equipment: Control and Filter50202025 Electronic Equipment: Gauges and Meters50202030 Electronic Equipment: Pollution Control50202040 Electronic Equipment: Other502030 General Industrials50203000 Diversified Industrials50203010 Paints and Coatings50203015 Plastics50203020 Glass50203030 Containers and Packaging502040 Industrial Engineering50204000 Machinery: Industrial50204010 Machinery: Agricultural50204020 Machinery: Construction and Handling50204030 Machinery: Engines50204040 Machinery: Tools50204050 Machinery.

8 Specialty502050 Industrial Support Services50205010 Industrial Suppliers50205015 Transaction Processing Services50205020 Professional Business Support Services50205025 Business Training and Employment Agencies50205030 Forms and Bulk Printing Services 50205040 Security Services502060 Industrial Transportation 50206010 Trucking50206015 Commercial Vehicles and Parts50206020 Railroads50206025 Railroad Equipment50206030 Marine Transportation7 Methodology overview effective July 1, 2019 Industry Classification Benchmark (ICB)FTSE RussellIndustrySupersectorSectorSubsecto r50206040 Delivery Services50206050 Commercial Vehicle-Equipment Leasing50206060 Transportation Services55 Basic Materials5510 Basic Resources551010 Industrial Materials55101000 Diversified Materials55101010 Forestry55101015 Paper55101020 Textile Products551020 Industrial Metals and Mining55102000 General Mining55102010 Iron and Steel55102015 Metal Fabricating 55102035 Aluminum55102040 Copper55102050 Nonferrous Metals551030 Precious Metals and Mining 55103020 Diamonds and Gemstones55103025 Gold Mining55103030 Platinum and Precious Metals5520 Chemicals552010 Chemicals55201000 Chemicals: Diversified55201010 Chemicals and Synthetic Fibers55201015 Fertilizers55201020 Specialty Chemicals60 Energy6010 Energy601010 Non-Renewable Energy60101000 Integrated Oil and Gas60101010 Oil.

9 Crude Producers 60101015 Offshore Drilling and Other Services60101020 Oil Refining and Marketing60101030 Oil Equipment and Services60101035 Pipelines60101040 Coal601020 Renewable Energy 60102010 Alternative Fuels 60102020 Renewable Energy Equipment 65 Utilities6510 Utilities 651010 Electricity65101010 Alternative Electricity65101015 Conventional Electricity651020 Gas, Water and Multi-utilities 65102000 Multi-Utilities65102020 Gas Distribution65102030 Water651030 Waste and Disposal Services65103035 Waste and Disposal Services8 Methodology overview effective July 1, 2019 Industry Classification Benchmark (ICB)FTSE RussellFor more information about our indexes, please visit 2019 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 Global Debt Capital Markets Inc. and FTSE Global Debt Capital Markets Limited (together, FTSE Canada ), (4) MTSNext Limited ( MTSNext ), (5) Mergent, Inc.

10 ( Mergent ), (6) FTSE Fixed Income LLC ( FTSE FI ) and (7) The Yield Book Inc ( YB ). All rights Russell is a trading name of FTSE, Russell, FTSE Canada, MTSNext, Mergent, FTSE FI, YB. FTSE , Russell , FTSE Russell , MTS , FTSE4 Good , ICB , Mergent , The Yield Book , and all other trademarks and service marks used herein (whether registered or unregistered) are trademarks 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, FTSE Canada, Mergent, FTSE FI, YB. FTSE International Limited is authorised and regulated by the Financial Conduct Authority as a Benchmark information is provided for information purposes only. All information and data contained in this publication is obtained by the LSE Group, from sources believed by it to be accurate and reliable. Because of the possibility of human and mechanical error as well as other factors, however, such information and data is provided as is without warranty of any kind.