Description. Methodology Construction. Quick Facts EQUITY S&P MILA ANDEAN 40

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1 Description The S&P MILA Andean 40 is designed to measure the performance of the 40 largest and most liquid stocks trading on the Mercado Integrado Latinoamericano (MILA) platform, an integrated trading venture formed by the Chile, Colombia and Perú stock exchanges. Methodology Construction Universe. Constituents must be part of the S&P Global BMI and trade on the MILA platform as domestic stocks. Eligible Securities. Common, investable and preferred shares are eligible for inclusion. Convertible stocks, bonds, warrants, rights and preferred stocks that provide a guaranteed fixed return are not eligible. Eligibility Market Cap. Stocks must have a float-adjusted market cap of at least USD 100 million as of the rebalancing reference date. Liquidity. Constituents must have three-month average daily value traded (ADVT) of at least USD 250,000 as of the rebalancing reference date. Constituent Selection. The largest 40 companies based on float-adjusted market cap from the eligible universe are included, subject to the constraint that there must be a minimum of five stocks per country. A 50% buffer is also employed to reduce turnover, meaning that a current constituent will remain in the index as long as it remains in the top 60. Constituent Weighting. Float-adjusted market cap weights are modified to ensure geographic diversification and reduce single-stock concentration. No single-stock weight can exceed 8%, and no country can represent more than 50% of the index as of each rebalancing. Quick Facts WEIGHTING METHOD REBALANCING FREQUENCY CALCULATION FREQUENCY CALCULATION CURRENCIES LAUNCH DATE Modified market cap weighted Semiannually in March and September Real time USD, CLP, COP, EUR, PEN August 29, 2011 For more information, including the complete methodology document, please visit

2 Historical Performance * Data has been re-based at 100 S&P MILA Andean 40 Index TR S&P Latin America BMI (US Dollar) Gross Total Return Performance INDEX LEVEL RETURNS ANNUALIZED RETURNS 1 MO 3 MOS YTD 1 YR 3 YRS 5 YRS TOTAL RETURNS 1, PRICE RETURNS % -7.13% -1.70% -8.50% -0.17% 3.93% -5.97% -7.35% -3.83% % -2.76% 1.33% 14.85% 11.73% BENCHMARK* TOTAL RETURNS % -5.46% 0.65% -1.69% 1.87% 0.82% 14.03% BENCHMARK* PRICE RETURNS % -5.88% -1.44% -4.40% -0.97% -1.93% 10.71%

3 Calendar Year Performance TOTAL RETURNS % 20.73% % 47.95% 87.84% % 33.51% 30.02% 44.91% 43.10% PRICE RETURNS % 17.29% % 44.49% 83.08% % 30.19% 26.39% 39.99% 37.40% BENCHMARK* TOTAL RETURNS % 11.61% % 17.53% % % 51.52% 45.39% 49.36% 42.73% BENCHMARK* PRICE RETURNS % 8.45% % 14.82% % % 47.74% 41.11% 43.54% 37.40% Risk ANNUALIZED RISK ANNUALIZED RISK-ADJUSTED RETURNS 3 YRS 5 YRS 3 YRS 5 YRS STD DEV 18.45% 19.09% 22.44% BENCHMARK* STD DEV 22.07% 22.17% 27.11% Risk is defined as standard deviation calculated based on total returns using monthly values. Fundamentals P/E [TRAILING] P/E [PROJECTED] P/B DIVIDEND YIELD P/SALES P/CASH FLOW % As of September 30, Fundamentals are updated on approximately the fifth business day of each month. Index Characteristics NUMBER OF CONSTITUENTS 40 CONSTITUENT MARKET CAP [ USD MILLION ] MEAN TOTAL MARKET CAP 8, LARGEST TOTAL MARKET CAP 64, SMALLEST TOTAL MARKET CAP 1, MEDIAN TOTAL MARKET CAP 6, WEIGHT LARGEST CONSTITUENT [%] 7.9 WEIGHT TOP 10 CONSTITUENTS [%] 48.4

4 Sector* Breakdown *Based on GICS sectors The weightings for each sector of the index are rounded to the nearest tenth of a percent; therefore, the aggregate weights for the index may not equal 100%. Country Breakdown COUNTRY NUMBER OF CONSTITUENTS TOTAL MARKET CAP [USD MILLION] INDEX WEIGHT [%] Chile , Colombia , Peru 5 22, Canada 1 5, Tickers BLOOMBERG REUTERS PRICE RETURNS SPMILA N/A TOTAL RETURNS SPMILAT N/A Related Products This is a complete list of all ETFs and ETNs currently linked to this selection of indices. While we have tried to include all ETFs and ETNs, we do not guarantee the completeness of such list. S&P Dow Jones Indices does not sponsor, endorse, sell, promote or manage any product linked to our indices. PRODUCT NAME PRODUCT TYPE EXCHANGE TICKER Horizons S&P MILA 40 ETF ETF Bolsa Colomb HMILA40 CB

5 Disclaimer Source: S&P Dow Jones Indices LLC. The launch date of the S&P MILA Andean 40 Index was August 29, The launch date of the S&P Latin America BMI (US Dollar) was December 31, All information presented prior to the index launch date is back-tested. Back-tested performance is not actual performance, but is hypothetical. The back-test calculations are based on the same methodology that was in effect when the index was officially launched. Past performance is not a guarantee of future results. Please see the Performance Disclosure at for more information regarding the inherent limitations associated with back-tested performance. S&P Dow Jones Indices LLC, a part of McGraw Hill Financial All rights reserved. Redistribution, reproduction and/or photocopying in whole or in part are prohibited without the written permission of S&P Dow Jones Indices. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial, Inc. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates ("S&P Dow Jones Indices") make no representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and S&P Dow Jones Indices shall have no liability for any errors, omissions, or interruptions of any index or the data included therein. Past performance of an index is not an indication of future results. This document does not constitute an offer of any services. All information provided by S&P Dow Jones Indices is general in nature and not tailored to the needs of any person, entity or group of persons. It is not possible to invest directly in an index. S&P Dow Jones Indices may receive compensation in connection with licensing its indices to third parties. Exposure to an asset class represented by an index is available through investable instruments offered by third parties that are based on that index. S&P Dow Jones Indices does not sponsor, endorse, sell, promote or manage any investment fund or other investment vehicle that seeks to provide an investment return based on the performance of any Index. S&P Dow Jones Indices LLC is not an investment advisor, and S&P Dow Jones Indices makes no representation regarding the advisability of investing in any such investment fund or other investment vehicle. For more information on any of our indices please visit com. CONTACT US index_services@spdji.com BEIJING LONDON SYDNEY S&P DOW JONES CUSTOM INDICES customindices@spdji.com DUBAI 971 (0) NEW YORK TOKYO HONG KONG LATAM (52 55)