FTSE Russell | FTSE Global Equity Index Series Review Reference Data, January 2020 5 of 10 FAQ 1.0 Data cut-off date for the semi-annual reviews in March and September March review Data cut-off will be the last business day in December. FTSE Russell will rebalance its suite of indexes at the close of trade Friday, and the changes will reflect several broad trends in equity markets over the past year, including the resilience of Looking at the Russell 1000 over the past half-decade, they found that newly added index constituents outperformed existing members by a median of 1.5 percentage points from the announcement date

Benchmark, Returns as of 02/29/2020, Month End YTD as of 02/29/ Russell 1000 Growth Index, –6.81%, –1.85%, –4.73%, 15.11%, 15.67%, 12.41%, 14.79% . 2020 Reconstitution calendar for the Russell US Indexes May-ranking month. May is "ranking" month when the largest US companies are lined up to form the preliminary Russell US reconstitution portfolio. In 2020, the rank day falls on Friday, May 8. June-transition month Trading Calendar 2020 HOLIDAYS Exchange Holiday Market Close at 1pm ET OPTIONS Quad-Witch – Expiration of equity options & futures, and index options & futures Option Expiration Date INDEXES Preliminary additions/deletions for the Russell Indexes published 6pm PT Russell Index Reconstitution MSCI Quarterly Review MSCI Semi-Annual Review FTSE Russell today announced the 2020 schedule for its annual reconstitution of its Russell US Indexes. The Russell annual index rebalance process is designed to capture and reflect market shifts from the past year to ensure the Russell US indexes continue to accurately reflect the US equity market.

20 Jun 2017 Annual Russell US indices reconstitution coming on 23 June increasing nearly 13% to $27.2 trillion at this year's rank date (12 May 2017).

A: The 2020 reconstitution of the Russell US Indexes will occur June 26. Provisional Russell US indexes will be published beginning on June 5 to allow investors to track the new indexes prior to the reconstitution effective date. This allows investors the option to choose the date on which they execute their index trades. The actual rebalancing will take place after the market closes on Friday, June 28—also the end of the second quarter. There’s a meaningful trading opportunity around the event, according to Goldman Sachs strategists. Looking at the Russell 1000 over the past half-decade, All sub-indexes roll up to the Russell 3000® Index. The Russell US Indexes can be used as performance benchmarks, or as the basis for index-linked products including index tracking funds, derivatives, and Exchange Traded Funds (ETFs). • For more information, please visit our Russell US Indexes Spotlight. Indexes. FTSE Russell Indexes. Equity. Alternatively weighted. Real estate. Sustainable investment. Fixed income It is so-called Russell rebalancing day. That is the annual reconstitution of the Russell Indexes, where the index provider makes rule-based changes to composition of its indexes, to ensure that FTSE Russell today announced the 2019 schedule for the annual reconstitution of its Russell US Indexes. The Russell annual index rebalance process, closely watched by market participants, is designed to capture and reflect market shifts from the past year to ensure the Russell US indexes continue to accurately reflect the US equity market. The final day of Russell Reconstitution, on June 28 FTSE Russell | FTSE Global Equity Index Series Review Reference Data, January 2020 5 of 10 FAQ 1.0 Data cut-off date for the semi-annual reviews in March and September March review Data cut-off will be the last business day in December.

FTSE Russell | FTSE UK Index Series Review Reference Data, August 2019 4 of 6 FAQ 1.0 Index Rebalance Market Cap data Cut-Off The market capitalisation cut-off date used in the ranking process to determine rebalance changes at index reviews will be on the Tuesday before the first Friday in March, June, September and December.

All sub-indexes roll up to the Russell 3000® Index. The Russell US Indexes can be used as performance benchmarks, or as the basis for index-linked products including index tracking funds, derivatives, and Exchange Traded Funds (ETFs). • For more information, please visit our Russell US Indexes Spotlight. Indexes. FTSE Russell Indexes. Equity. Alternatively weighted. Real estate. Sustainable investment. Fixed income It is so-called Russell rebalancing day. That is the annual reconstitution of the Russell Indexes, where the index provider makes rule-based changes to composition of its indexes, to ensure that FTSE Russell today announced the 2019 schedule for the annual reconstitution of its Russell US Indexes. The Russell annual index rebalance process, closely watched by market participants, is designed to capture and reflect market shifts from the past year to ensure the Russell US indexes continue to accurately reflect the US equity market. The final day of Russell Reconstitution, on June 28 FTSE Russell | FTSE Global Equity Index Series Review Reference Data, January 2020 5 of 10 FAQ 1.0 Data cut-off date for the semi-annual reviews in March and September March review Data cut-off will be the last business day in December.

All sub-indexes roll up to the Russell 3000® Index. The Russell US Indexes can be used as performance benchmarks, or as the basis for index-linked products including index tracking funds, derivatives, and Exchange Traded Funds (ETFs). • For more information, please visit our Russell US Indexes Spotlight.

2020 Reconstitution calendar for the Russell US Indexes May-ranking month. May is "ranking" month when the largest US companies are lined up to form the preliminary Russell US reconstitution portfolio. In 2020, the rank day falls on Friday, May 8. June-transition month Trading Calendar 2020 HOLIDAYS Exchange Holiday Market Close at 1pm ET OPTIONS Quad-Witch – Expiration of equity options & futures, and index options & futures Option Expiration Date INDEXES Preliminary additions/deletions for the Russell Indexes published 6pm PT Russell Index Reconstitution MSCI Quarterly Review MSCI Semi-Annual Review FTSE Russell today announced the 2020 schedule for its annual reconstitution of its Russell US Indexes. The Russell annual index rebalance process is designed to capture and reflect market shifts from the past year to ensure the Russell US indexes continue to accurately reflect the US equity market. December 2020 Index Rebalance Market Capitalisation data cut-off 1.0 & 2.0 31 December 2019 n/a30 June 2020 ICB Review Cut-Off Date 14 February 2020 8 May 2020 14 August 2020 13 November 2020 Quarterly Free float and Share changes cut-off (only updates captured up to and including this date will be processed at the index review) 3.0 The Russell annual index rebalance process, closely watched by market participants, is designed to capture and reflect market shifts from the past year to ensure the Russell US indexes continue to accurately reflect the US equity market. The final day of Russell Reconstitution, on June 28 this year,

13 May 2019 One of the biggest events each year for the fund industry is upon us: The Russell reconstitution. And KBW Inc. is out with some predictions of 

A: The 2020 reconstitution of the Russell US Indexes will occur June 26. Provisional Russell US indexes will be published beginning on June 5 to allow investors to track the new indexes prior to the reconstitution effective date. This allows investors the option to choose the date on which they execute their index trades.

Benchmark, Returns as of 02/29/2020, Month End YTD as of 02/29/ Russell 1000 Growth Index, –6.81%, –1.85%, –4.73%, 15.11%, 15.67%, 12.41%, 14.79% .