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MSCI Inc’s data and analytics were used in preparation of this information. Two Sigma, the Two Sigma logo, Venn, and the Venn logo are trademarks of Two Sigma Investments, LP.

Links from this website to third-party websites do not imply any endorsement by the third party of this website or of the link nor do they imply any endorsement by this firm of the third-party website or of the link. Please see TSIS’s Form ADV for important disclosures, including disclosures about material conflicts of interest and limitations of Venn. Venn is not for use as a primary basis for investment decisions. Venn relies on subscriber input and facilitates subscriber analysis, but does not substitute subscriber’s own independent analysis. Past performance is not necessarily indicative of future results. TSIS and/or its affiliates determine which risk factors to include in the Two Sigma Factor Lens, and not all risks are captured. No material on or linked to by this website is or should be construed as an offer to sell, or a solicitation of an offer to buy, any security or other instrument.

Venn is separate and the services it offers are different from the businesses and services of TSIS’s affiliates. Two Sigma Investor Solutions, LP (“TSIS”) operates Venn. TSIS does not hold itself out as a fiduciary (or as otherwise owing any other special duties) to any pension or retirement plan under pension, retirement or similar laws or regulations. FOR ERISA, PUBLIC PENSION AND OTHER RETIREMENT ASSET SUBSCRIBERS: Venn is not for use as a primary basis for investment decisions. 571, Laws of Hong Kong)) in Hong Kong, and TSIS is not licensed by any regulatory authority in Hong Kong. TSIS does not conduct any regulated activity (as defined in the Securities and Futures Ordinance (Cap.

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FOR HK SUBSCRIBERS: Certain Venn Pro features (including optimization) are not generally available in Hong Kong. FOR UK SUBSCRIBERS: VENN IS INTENDED ONLY FOR INVESTMENT PROFESSIONALS WITHIN THE MEANING OF ARTICLE 19 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (“FPO”) OR HIGH NET WORTH ENTITIES OR OTHER ENTITIES FALLING WITHIN ARTICLE 49 OF THE FPO. VENN BY TWO SIGMA IS FOR INSTITUTIONAL/WHOLESALE/PROFESSIONAL CLIENTS AND OTHER QUALIFIED CLIENTS IN CERTAIN JURISDICTIONS ONLY – NOT FOR RETAIL USE OR DISTRIBUTION.