The Bloomberg US HY Very Liquid Index ex 144A (GTR, USD) aims to reflect the performance of the following market: high-yielding fixed-interest USD denominated bonds (rated Ba1/BB+/BB+ or below) bonds are more liquid than the Parent Index and include bonds which are issued by financial, utility and industrial institutions that meet specific maturity, credit rating and liquidity requirements exclude the 144A tranche securities that do not have an equivalent Regulation S tranche bonds for inclusion in the Index must meet certain pre-determined standards (such as eligible currency, amount outstanding, quality, maturity and level of interest payments) on the relevant rebalancing date Additional information on the Index and the general methodology behind the Bloombergindices can be found on Bloombergindex website ( https://www.bloombergindices.com/ ).