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These Additional Terms of Use govern your initial and subsequent access or use of the index data and related information and materials on the RAFI Indices, LLC (“RAFI”) web site (the "Index Data").  By accepting these Additional Terms of Use you are also agreeing to both the Terms of Use and Privacy Policy applicable to the entire RAFI website, incorporated herein by reference. All terms used in these Additional Terms of Use not defined herein shall have the definitions set forth in the Terms of Use.

The Index Data is for informational purposes only.  RAFI is not an investment adviser, broker or dealer and therefore this Index Data is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument, nor is it advice or a recommendation to enter into any transaction.  The general information contained in the Index Data should not be acted upon without obtaining specific legal, tax and investment advice from a licensed professional in the appropriate jurisdiction.

You should be aware of the risks associated with data sources and quantitative processes used to create the Index Data.  Errors may exist in data acquired from third party vendors, the construction or coding of indices, and the construction of the spreadsheets, reports, results or information provided.  RAFI takes reasonable steps to eliminate or mitigate errors, and to identify data and process errors so as to minimize the potential impact of such errors, however RAFI cannot guarantee that such errors will not occur. Your access and use of the Index Data is conditioned upon, and evidence of, your full release of RAFI from any liability or responsibility for any loss or damage, direct, indirect or consequential, arising from or related to (i) any inaccuracy or incompleteness in, errors or omissions in the information or (ii) any decision made or action taken by any third party in reliance upon this information.

Index Data and certain performance information presented may include simulated index performance, which has certain limitations, namely that they are created with hindsight and do not represent actual investment performance of an investment product based on the index.  Past performance, simulated or actual, is no guarantee of future performance.  Simulated returns cannot predict how an investment strategy or investment product will perform in the future.  Actual investment results may differ.  Investors may experience loss.

Index Data and components thereof constitute copyrighted, trade secret and/or proprietary information of substantial value to RAFI.  Title and ownership rights in and to the Index Data remain exclusively with RAFI. Nothing in these Additional Terms of Use grants you any proprietary rights whatsoever in or to the Index Data.  Reproduction, redistribution or any other transmission of the Index Data, in whole or in part, without RAFI's prior written consent is strictly prohibited. Without limiting the foregoing, without RAFI's prior written permission, the Index Data and other RAFI intellectual property may not be: (i) used as a basis for any financial instruments or other products/services; (ii) used to create, verify or correct data in any compilation of data or index; (iii) used to create any derivative work; or (iv) used for any other commercial purposes.

You agree to indemnify and hold RAFI and its officers, directors, members, affiliates and employees and their third party providers harmless from and against any claims, losses, costs and expenses, including, without limitation, attorneys' and experts' fees, as incurred, arising out of your use of, or inability to use, any Index Data.