International Equity

_{MSCI (“MSCI”) is the source and owner of the trademarks, service marks and copyrights related to the MSCI Indexes. MSCI® is a trademark of MSCI. Neither MSCI nor its licensors accept any liability for any errors or omissions in the MSCI  Indexes and/or MSCI ratings or underlying data and no party may rely on any MSCI Indexes and/or MSCI  ratings and/or underlying data contained in this communication. No further distribution of MSCI Data is permitted without MSCI’s express written consent. MSCI does not promote, sponsor or endorse the content of this communication.}

_{The MSCI ACWI ex US Index captures large and mid cap representation across 22 of 23 Developed Markets (DM) countries (excluding the US) and 24 Emerging Markets (EM) countries*. With 2,156 constituents, the index covers approximately 85% of the global opportunity set outside the US.}

_{Composite Performance reflects reinvestment of all income and capital gains and is shown in US dollars and after the deduction of transaction costs. Composite Performance is shown gross and net of actual management fees charged. Actual investment advisory fees incurred by clients may vary. Additional information on the calculation methodologies used herein is available upon request. Indexes are unmanaged, do not incur management fees and cannot be invested in directly. The Composite and index returns are net of any foreign withholding taxes on dividends, interest, and capital gains.}

_{Past performance is not indicative of future results. Performance during certain periods reflect strong stock market performance that is not typical and may not be repeated.}

_{MSCI (“MSCI”) is the source and owner of the trademarks, service marks and copyrights related to the MSCI Indexes. MSCI® is a trademark of MSCI. Neither MSCI nor its licensors accept any liability for any errors or omissions in the MSCI  Indexes and/or MSCI ratings or underlying data and no party may rely on any MSCI Indexes and/or MSCI  ratings and/or underlying data contained in this communication. No further distribution of MSCI Data is permitted without MSCI’s express written consent. MSCI does not promote, sponsor or endorse the content of this communication.}

_{The MSCI ACWI ex US Small Cap Index captures small cap representation across 22 of 23 Developed Markets (DM) countries (excluding the US) and 23 Emerging Markets (EM) countries*. With 4,273 constituents, the index covers approximately 14% of the global equity opportunity set outside the US.}

_{Composite Performance reflects reinvestment of all income and capital gains and is shown in US dollars and after the deduction of transaction costs. Composite Performance is shown gross and net of actual management fees charged. Actual investment advisory fees incurred by clients may vary. Additional information on the calculation methodologies used herein is available upon request. Indexes are unmanaged, do not incur management fees and cannot be invested in directly. The Composite and index returns are net of any foreign withholding taxes on dividends, interest, and capital gains.}

_{Past performance is not indicative of future results. Performance during certain periods reflect strong stock market performance that is not typical and may not be repeated.}