Source products overview Liquidity, innovation, transparency. It starts here.

Liquidity, innovation, transparency. It starts here

Source is one of the fastest growing ETP providers in Europe, having raised over US$ 9.3 billion and having more than US$ 355 billion traded in its products since launch in April 2009.1 Trading liquidity Source stands out through its focus on enhancing investor returns. It aims to achieve this by increasing trading volumes which result in reduced trading costs. Despite its short history, the Source model is already delivering these benefits to investors. Partnering with the market Through its partners, Source is uniquely positioned to deliver highly liquid products. Owned by five of the worlds largest trading houses BofA Merrill Lynch, Goldman Sachs, J.P. Morgan, Morgan Stanley and Nomura Source has leveraged its core partners as well as 20 other trading partners, to deliver to investors, enhanced returns through reduced trading costs. More recently, Source has partnered with PIMCO, Man GLG and Legal & General Investment Management in order to deliver innovative products designed specifically to respond to the challenges investors face in the current markets. Controlled counterparty risk Sources model delivers the most robust and transparent solution to managing counterparty risk in the market. Investors are concerned about counterparty exposure in all ETFs (including physical replication products). Sources market leading solution combines counterparty diversification, strict risk limits, unparalleled investor transparency with full investment in traded securities.
1

As of April 2012

In this brochure

Source overview (p.6 - p.8) Source believes that Europe deserves a more efficient market for Exchange Traded Products (ETPs). This market has huge potential which can only be tapped through evolution. Source is a specialist provider of ETPs with a unique approach and deep roots in the trading community. Product range (p.10) Source offers market leading equity, commodity, alternative and fixed income market exposure through expertly engineered Exchange Traded Products (ETFs and ETCs). Sources product range includes 56 equity ETFs, 7 alternative asset ETFs, 6 fixed income ETFs, 1 commodity ETF, 25 commodity T-ETCs and 4 physical commodity P-ETCs. Source ETFs: the structure (p.11 - p.13) Todays investors expect not only the best risk management and potential return, but also the highest quality investment vehicle. Source ETFs offer transparency and a robust structure across the operational process. Source ETCs: the structure (p.14 - p.15) Source ETCs are securities (rather than funds) that deliver commodity exposure and are backed by US T-Bills (T-ETC) or by physical commodity holdings (P-ETC). Source product offering (p.16 - p.19) Trading details of the Source product offering Contact details (p.20 - p.21) To buy or sell Source ETPs, please contact one of our trading partners. Important information and risks (p.22 - p.26)
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Source overview

Source offers market leading equity, commodity, alternative and fixed income market exposure through expertly engineered Exchange Traded Products (ETFs and ETCs). Our ETFs are UCITS compliant funds domiciled in Dublin. Our ETCs (T-ETCs and P-ETCs) are state of the art exchange traded securities offering UCITS eligible market exposure where a fund structure is not available.

This format war reduces the value available to European investors. It fragments liquidity and detracts from the quality of the investment opportunity. Our clients and our partners are all active and enthusiastic participants in the global ETP markets. We have come together to harness our unparalleled collective experience and expertise in ETPs and the broader universe of passive investment products. Why is this important to investors?

Source believes that Europe deserves a more efficient market for Exchange Traded Products (ETPs). This market has huge

Investors, traders, market makers and other industry participants have spoken clearly. They want more from the European ETP market. They want more liquidity, more efficiency and more protection against credit risk. Source is designed to deliver more: Liquidity Source has a simple approach to enhancing liquidity. First, we bring together five of the worlds largest equity trading houses. Second, we partner with Europes most respected on-screen market makers. Third, we make our ETFs available to borrow and short. Concentrating the significant transaction flow of these leading market participants means a deeper and more efficient trading experience for everyone. The results are clear. Today, Source has some of the most liquid and actively traded products in the market. Efficiency Source ETPs bring together the proven efficiency of swap enhanced funds with the broad based broker support associated with physical replication products. Uniquely, we offer total return performance across our range of equity funds, providing continuous and frictionless reinvestment for investors. Coupled with competitive fee structures, Sources products bring a new level of efficiency to the European market.

ABOUT SOURCE Together, we recognise the value in creating a new, common

standard for ETPs. Sources open architecture, multi-partner approach taps into this opportunity, delivering enhanced liquidity,

potential which can only be tapped through evolution.

PARAGRAPH 1

increased transparency, diminished counterparty risk and improved market performance.

Source is a specialist provider of ETPs with a unique approach and deep roots in the trading community. Sources partners include Bank of America Merrill Lynch, Goldman Sachs, Jane Street, J.P. Morgan, Knight Capital, Legal & General Investment Management, Man GLG, Morgan Stanley, Nomura, PIMCO, Flow Traders, Nyenburgh, Baader Bank, Banca IMI, BNP, Citigroup, Commerzbank, Credit Suisse, DekaBank, Exane, HSBC, IMC, Natixis, Newedge, Optiver, RBS, SG Securities and UniCredit. Why are we doing this? We are creating outstanding ETPs because they are naturally great products but we can make them even better. In the past, there has been a proliferation of almost identical products from different providers offering access to overlapping indices across multiple exchanges with less than clear counterparty exposure.
6

Protection Source products bring a new level of protection to ETP investors. Sources model delivers the most robust and transparent solution, managing counterparty risk in the market. Investors are concerned about counterparty exposure in all ETFs (including physical replication products). Sources market leading solution combines counterparty diversification, strict risk limits, unparalleled investor transparency with full investment in traded securities. In fact, Sources T-ETCs are the only ETPs in the market that are exclusively backed by US Treasury Bills, other G7 government bonds and cash. Milestones Source Physical Gold P-ETC (SGLD LN) exceeds US$ 2 billion Source Physical Gold P-ETC (SGLD LN) saw strong inflows since inception. In 2011, it saw over US$ 1.2 billion in net new assets and over US$ 9 billion in turnover, making it one of the most traded ETPs in Europe. SGLD currently has over US$ 2.3 billion in assets, making it one of the largest gold products in Europe. Building on this success, Source expanded its range of Physical Commodity P-ETCs in 2011 to include Silver, Platinum and Palladium. Sources P-ETCs combine the convenience and liquidity of an exchange traded product with the reassurance of physical investment. All Source P-ETCs are listed on the LSE and trade in US dollars. SGLD also trades on SIX Swiss Exchange in US dollars and on LSE in GBP. RDX (Russia) Source ETF attracts record flows Since launch in January 2010, the RDX (Russia) Source ETF (RDXS LN) has seen significant inflows. As of end of January 2012, it had gathered 22% of assets under management in Russian ETFs in Europe. Its total assets are now at US$ 546 million.

Source Volatility ETFs impressive growth Since the beginning of the year, Source has seen strong inflows in its volatility products, particularly in the Nomura Voltage Mid-Term Source ETF and the recently launched J.P. Morgan Macro Hedge Source ETFs. Year to date, Source volatility products captured over 70% of European volatility market share, taking Source total volatility assets to US$ 964 million. Source Optimised Supersector ETFs Impressive liquidity Source Optimised Supersector ETFs have gained increasing popularity, absorbing investor demand to reach US$ 856 million in AuM. They currently have 11% market share of the European sector ETF market. The sector indices underlying the Source ETFs were created by STOXX and Source to deliberately enhance trading liquidity by addressing concentration and securities lending concerns.

Source teams up with leading asset managers and hedge fund to launch groundbreaking products LGIM Commodity Composite Source ETF In January 2012, Source partnered with Legal & General Investment Management (LGIM), one of the worlds leading index managers, to launch the groundbreaking LGIM Commodity Composite Source ETF. The fund, which tracks the LGIM Commodity Composite Index, is designed to offer high quality, diversified exposure to commodities in a UCITS-compliant ETF. The underlying LGIM Commodity Composite index is a new kind of benchmark for broad-based commodity exposure. Using LGIMs expertise as an index manager and an in-depth quantitative and qualitative screening process, it offers exposure to the global commodity market through a selection of best of breed commodity indices. Source launches first actively managed ETFs in Europe In December 2010, Source expanded its footprint in the fixed income space, by entering into an agreement with PIMCO, a leading global investment management firm, to launch and distribute the PIMCO Source fixed income ETF range. In 2011, PIMCO and Source launched the first four PIMCO Source fixed income products. Among the products launched were Europes first actively managed ETFs: the PIMCO Short Maturity ETFs in USD, EUR and GBP, offering the potential for enhanced yield versus
8

cash or money market funds. In March this year, PIMCO and Source also launched the PIMCO Source Short-Term High Yield Corporate Bond ETF (STHY), providing access to the global short maturity high yield sector. Since launch on 19th March, STHY has seen strong investor demand, with over US$ 93 million in net new assets. PIMCO Source fixed income ETFs combine the transparency and operational ease that investors expect from Source ETFs with PIMCOs four decades of investment management expertise and thought leadership. Man GLG Europe Plus Source ETF - turning ideas into alpha In February 2011, Source teamed up with one of the largest global hedge funds, Man GLG, to launch the Man GLG Europe Plus Source ETF. This ground-breaking product provides exposure to an active strategy developed by Man GLG via the Man GLG Europe Plus index. The long only total return European equity index is designed to capture outperformance from broker ideas provided specifically to Man GLG. The underlying strategy targets returns of 2-5% above the broad European equity market. Year to date, the strategy has outperformed the MSCI Europe Index b 3.10% as at end of April 2012. Since its launch in February 2011, the Man GLG Europe Plus Source ETF has seen impressive inflows, taking its assets to nearly 427 million, as at end of April 2012.

Product range
Individual Commodity Exposure S&P GSCITM Aluminium TR S&P GSCITM Brent Crude Oil Enhanced TR S&P GSCITM Coffee TR S&P GSCITM Copper TR S&P GSCITM Corn TR S&P GSCITM Cotton TR S&P GSCITM Crude Oil TR S&P GSCITM Crude Oil Enhanced TR S&P GSCITM Gold TR S&P GSCITM Natural Gas TR S&P GSCITM Nickel TR S&P GSCITM Silver TR S&P GSCITM Soybeans TR S&P GSCITM Sugar TR S&P GSCITM Wheat TR S&P GSCITM Zinc TR Commodity Sector Exposure S&P GSCITM Agriculture TR S&P GSCITM Energy TR S&P GSCITM Petroleum TR S&P GSCITM Precious Metals TR S&P GSCITM Grains TR S&P GSCITM Industrial Metals TR S&P GSCITM Softs TR Diversified Commodity Exposure LGIM Commodity Composite Broad Commodity Exposure S&P GSCITM TR S&P GSCITM Light Energy TR Physical Commodity Exposure Source Physical Gold Source Physical Silver Source Physical Platinum Source Physical Palladium Global Exposure MSCI World Asia Exposure MSCI Japan Emerging Market Exposure FTSE Emerging EMEA 40 MSCI Emerging Markets MSCI Brazil MSCI China MSCI India RDX US Exposure MSCI USA Russell 2000 S&P 500 US Sector Exposure Consumer Discretionary Consumer Staples Energy Financials Health Care Industrials Materials Technology Utilities European Exposure DAX Euro STOXX Select Dividend 30 Euro STOXX 50 Euro STOXX 50 Distributing STOXX Europe 50 STOXX Europe 600 FTSE 100 FTSE 250 MSCI Europe MSCI Europe Value Man GLG Europe Plus European Small/Mid Cap Exposure MSCI EMU Small Cap STOXX Europe Mid 200 STOXX Europe Small 200 European Market Quartile Exposure Consumer Discretionary Consumer Staples Cyclicals Defensives European Optimised Sector Exposure STOXX Europe 600 Opt. Autos STOXX Europe 600 Opt.Banks EURO STOXX Opt. Banks STOXX Europe 600 Opt. Basic resources STOXX Europe 600 Opt. Chemicals STOXX Europe 600 Opt. Construction & Materials STOXX Europe 600 Opt. Financials STOXX Europe 600 Opt. Food & Beverage STOXX Europe 600 Opt. Health Care STOXX Europe 600 Opt. Industrial Goods & Services STOXX Europe 600 Opt. Insurance STOXX Europe 600 Opt. Media STOXX Europe 600 Opt. Oil & Gas STOXX Europe 600 Opt. Personal & Household Goods STOXX Europe 600 Opt. Retail STOXX Europe 600 Opt. Technology STOXX Europe 600 Opt. Telecoms STOXX Europe 600 Opt. Travel STOXX Europe 600 Opt. Utilities

16

6 11 3 2 1 3 4 9

6 7

10

19

Fixed Income Exposure PIMCO EM Advantage PIMCO Euro Advantage Government Bond Index PIMCO Euro Short Maturity PIMCO Sterling Short Maturity PIMCO US Dollar Short Maturity PIMCO Short-Term High Yield Corporate Bond Index Alternative Asset Exposure BofAML Hedge Fund Factor Dollar BofAML Hedge Fund Factor Euro J.P. Morgan Macro Hedge US TR J.P. Morgan Macro Hedge Dual TR Nomura Voltage Mid-Term Nomura Voltage Short-Term S&P 500 VIX Futures

10

Source Equity and Alternative ETFs

Source equity and alternative ETFs enable an investor to gain exposure to the performance of various equity market indices in a single trade. They are linked to broad, regional, country and alternative asset indices as well as a variety of sectors. Source equity and alternative ETFs are open-ended funds that can be created or redeemed on demand. They are traded and settled both OTC and on exchange and have market maker support providing liquidity and robust bid-offer spreads. Source equity and alternative ETF structure Source equity and alternative Exchange Traded Funds (ETFs) are UCITS compliant funds which track a benchmark index by investing in listed equities and entering into total return swaps to achieve the index performance. Swap-enhanced ETFs are the most efficient way of index tracking resulting in lower tracking error while the swap counterparties (Bank of America Merrill Lynch, Goldman Sachs, J.P. Morgan, Morgan Stanley and Nomura) bear the risk and cost of tracking the index. Source equity and alternative ETFs may receive their index exposure from multiple counterparties, thus diversifying the risk away from any single counterparty although some products with specialised index exposure may only use one swap counterparty. Any counterparty must satisfy and maintain predefined credit criteria in order to transact with the funds as well as observing strict exposure limits. This combination of efficient index tracking performance and robust management of counterparty risk provides the investor with a significantly enhanced product. Key features Liquidity Sources multi broker/dealer approach can enhance daily liquidity and provides robust bid-offer spreads both OTC and on exchange. Cost-effectiveness Source ETFs have significantly lower management fees or total expense ratios (TERs) than many actively managed funds. Accessibility Source ETFs are traded and settled on regulated stock exchanges and can be purchased and held in ordinary brokerage or custodial accounts. Simplicity Source ETFs help investors gain exposure to a wide range of indices while executing only one trade. Flexibility By using Source equity and alternative ETFs on a number of indices, an investor can build or customise a range of exposures and with intraday liquidity can adjust these exposures dynamically. Source ETFs can be lent and borrowed, allowing investors to go long and short indices. Transparency Source equity and alternative ETFs aim to replicate the performance of the underlying index. Additionally, they benefit from a transparent fund and cost-structure. Benchmark constituents and weightings are published daily. Source equity and alternative ETFs have similar liquidity characteristics to their underlying traded securities.

Source swap-enhanced ETF structure

Dividends (if any) Cash

Investor Purchases Source ETFs on exchange or through market counterparty

Cash ETF

Authorised participant Delivers cash to Source Markets PLC

Cash ETF

Source Markets PLC (SMP) Investment manager buys basket of securities and enters into total return swap
Basket performance Security basket

Security basket Basket performance Index performance + dividends (if any)

Swap counterparty Sells basket of securities and enters into total return swap

For illustrative purposes only.

Custodian/Fund administrator Holds basket of securities and administers fund on behalf of SMP

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PIMCO Source Fixed Income ETFs

The need for a smarter solution Index investing is an established and well-honed process in the equity world. For fixed income investors, getting efficient generic or benchmark exposure is less straightforward.

Full transparency - investors can see what each fund owns, on a daily basis Liquidity - ETFs are traded and priced throughout the day PIMCO Source ETFs are designed to meet demand for more

How we can help Investors looking to navigate this complex asset class need an experienced manager, who performs more than just a mechanical role in the fund management process. A specialist fixed income manager can select and manage a portfolio, but they can also do more. They can guide investors by creating an intelligent product range, with a mix of active funds for real outperformance and passive funds with carefully selected benchmarks. PIMCO is one of the worlds leading fixed income managers. PIMCO Source ETFs combine the transparency and operational simplicity that investors expect from Source ETFs with worldclass product design and portfolio management expertise: an effective and efficient way to access the fixed income market. PIMCO Source ETFs Investor choice - a well-engineered range of fixed income products PIMCO expertise - direct access to world-class portfolio management, credit research and economic forecasting expertise PIMCO Source ETF physical investment structure
Distributions (if any)

than the traditional benchmark exposure. We are focused on offering the right strategy for each market segment, including a mix of active funds for real outperformance and passive funds with carefully selected benchmarks: Active management: our actively managed funds benefit directly from PIMCOs portfolio management, credit analysis and interest rate forecasting expertise Better benchmarks: our passive funds may use benchmarks such as PIMCOs innovative, forward-looking Global AdvantageTM indices Rather than taking a commoditised approach, our product range is engineered to meet specific investor needs. In time, we expect the product range to cover all the major areas of the fixed income market, from short-term to longer-term products, across the full spectrum of sectors and geographies. However, in every case, we aim to offer intelligent products that are the most appropriate solution for that market segment.

Investor Purchases PIMCO Source ETFs on exchange or through market counterparty

Cash

Authorised Participant Delivers cash to PIMCO Source ETF

Cash

ETF

ETF

PIMCO Source ETF Investment Advisor (PIMCO) buys basket of fixed income securities

Custodian / Fund administrator Holds basket of securities and administers fund on behalf of PIMCO Source ETFs

For illustrative purposes only.

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LGIM Commodity Composite Source ETF

The LGIM Commodity Composite Source ETF (the Fund) aims to provide the performance of the LGIM Commodity Composite Index (the Reference Index) after fees. Physically invested in US T-Bills with swap overlay Sources market leading ETF structure allows efficient tracking of the Reference Index, while minimising counterparty risk. The Fund invests fully in high quality securities, typically US Treasury Bills (T-Bills). The Fund also enters into total return swaps to deliver the Reference Index performance. The swap counterparties bear the risk and cost of tracking the component indices, resulting in lower tracking error. The Fund will receive its index exposure from multiple counterparties, thus diversifying the risk away from any single counterparty. Each counterparty must satisfy and maintain predefined credit criteria in order to transact with Source ETF and must also observe strict exposure limits. In addition, any positive performance above a set threshold is collateralised1 on a daily basis, thus minimising exposure to any counterparty. Counterparty risk Through the Fund, investors are exposed to counterparty risk resulting from the use of derivatives to provide exposure to the index. In line with UCITS guidelines and Source policies, the

exposure to any derivative counterparty is tightly controlled but the default of a derivative counterparty may cause a loss to the Fund. It is recommended that potential investors study the Fund prospectus before investing.
1

With cash, US T-Bills, UK Gilts or German government bonds

Source Commodity ETF structure: Physical investment in US T-Bills with swap overlay2
Investor Purchases Source ETFs on exchange or through market counterparty Cash Authorised participant Delivers cash to Source Markets PLC Cash Source Markets PLC (SMP) Investment manager buys T-Bills and enters into price return or total return swaps T-Bill performance Swap counterparty Enters into total return swaps

ETF

ETF

Index performance

T-Bill performance

T-Bills

Custodian / Fund administrator Holds T-Bills and administers fund on behalf of SMP
2

For illustrative purposes only.

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Source Exchange Traded Commodities

Delivering better commodity exposure Source ETCs are securities (rather than funds) that deliver commodity exposure and are backed by US T-Bills (T-ETC) or by physical commodity holdings (P-ETC). Source T-ETCs Each Source T-ETC is a certificate which is secured with US Treasury Bills and cash. The issuer of the certificates, Source Commodity Markets PLC (Source CMP), is an Irish-domiciled company administered by Deutsche Bank Ireland. The US Treasury Bills and cash are held in a segregated account with Wells Fargo acting as Portfolio Administrator and Deutsche Bank as Trustee. The investment return is achieved by entering into collateralised total return swaps with approved swap counterparties. Source T-ETCs are exchange traded certificates and not funds or exchange traded funds (ETFs).

Key features Collateralisation Source T-ETCs are secured by US Treasury Bills and cash, which are held in a segregated account with Wells Fargo acting as Portfolio Administrator and Deutsche Bank as the Trustee. Security Source P-ETCs are secured by physical metal in the form of allocated bars with residual positions in un-allocated bars held in J.P. Morgans London vaults. Cost Source P-ETCs are among the most efficient physically secured tracking products currently on the market. Liquidity

Source P-ETCs Source P-ETCs are certificates secured by physical quantities of metal. The bars are held in J.P. Morgan Chase Banks London vaults with Deutsche Bank Trustee Company as the trustee. The vast majority of the physical metal is held in allocated bars. Any residual value that cannot be split into standard bars will be put into un-allocated metal. The metal is valued daily according to the relevant London fixing price. The issuer of the certificates, Source Physical Markets PLC (Source PMP), is an Irish-domiciled company administered by Deutsche Bank London. Source P-ETCs are exchange traded certificates and not funds or exchange traded funds.
14

Source T-ETCs and P-ETCs are certificates and can be created and redeemed in response to market demand. Source T-ETCs and P-ETCs have similar liquidity characteristics to their underlying traded commodities. Flexibility By using Source T-ETCs and P-ETCs on a number of indices and physically backed products, an investor can build or customise a range of exposures and, with intraday liquidity, can adjust these exposures dynamically.

Transparency Source T-ETCs and P-ETCs aim to provide the performance of the underlying commodity. They benefit from a transparent cost-structure with regular updates on benchmark constituents and weightings. Simplicity Source T-ETCs and P-ETCs help investors gain exposure to commodities without the complications and costs of either Source T-ETC issuance structure

buying and managing futures positions (e.g. margin calls, expiry and rolls) or buying and storing physical commodities. Accessibility Source T-ETCs and P-ETCs are traded and settled either OTC or on regulated stock exchanges and can be purchased and held in standard brokerage or custodial accounts.

T-Bill & Cash T-Bill performance

Trustee Custodies the T-Bills and cash in segregated ringfenced accounts

Investor Purchases Source T-ETCs on exchange or through market counterparty

Cash Source T-ETCs

Authorised participant Delivers cash to Source CMP

Cash Source T-ETCs

Source commodity markets CMP Instructs US T-Bills purchase by the portfolio administrator
Index performance T-Bill performance

Swap counterparty Swaps total return performance of the index for T-Bill performance with Source CMP

Source P-ETC issuance structure

Investor Purchases Source P-ETCs on exchange or through market counterparty Authorised Participant Delivers physical metal or cash to the Issuer (Source PMP)
Physical metal or cash

Cash

Source P-ETCs

Source P-ETCs

Source Physical Markets plc Custody account receives physical metal or portfolio administrator uses cash proceeds to purchase physical metal

Physical metal

Security Physical metal secured by custodian in favour of the trustee (Deutsche Bank) on behalf of the holders of certificates

For illustrative purposes only.

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Equity
ETF ticker Index ticker Bloomberg (INAV) ETF info Mgmnt fee Base / Trading currency

Equity ETF products

Exchange Bloomberg Global Exposure LSE MSCI World XETRA Asia Exposure MSCI Japan Emerging Market Exposure FTSE Emerging EMEA 40 MSCI Emerging Markets MSCI Brazil MSCI China MSCI India RDX US Exposure MSCI USA LSE XETRA LSE XETRA LSE XETRA MXUS LN SMSUSA GR RTYS LN SR2000 GR SPXS LN P500 GR LSE LSE XETRA LSE LSE LSE LSE EM40 LN MXFS LN EMSM GR MXBS LN MXCS LN MXIS LN RDXS LN LSE XETRA MXJP LN SMSJPN GR MXWO LN

Reuters

ISIN

Bloomberg

Replication method

INMXWO

MXWO.L SMSWLD.DE

IE00B60SX394 IE00B60SX394

NDDUWI NDDUWI

0.45% 0.45%

USD / USD USD / EUR

Physical with swap overlay Physical with swap overlay

SMSWLD GR SMSWLDIN

INMXJP SMSJPNIN

MXJP.L SMSJPN.DE

IE00B60SX287 IE00B60SX287

NDDUJN NDDUJN

0.40% 0.40%

USD / USD USD / EUR

Physical with swap overlay Physical with swap overlay

EM40IN INMXFS EMSMIN INMXBS INMXCS INMXIS RDXSIN

EM40.L MXFS.L EMSM.DE MXBS.L MXCS.L MXIS.L RDXS.L

IE00B646J647 IE00B3DWVS88 DE000A1JM6G3 IE00B4MYWN47 IE00B4LXWX21 IE00B4Z17P98 IE00B5NDLN01

EMEA40CU NDUEEGF NDUEEGF NDUEBRAF NDEUCHF NDEUSIA RDXUSD

0.60% 0.45% 0.45% 0.65% 0.65% 0.85% 0.65%

USD / USD USD / USD USD / EUR USD / USD USD / USD USD / USD USD / USD

Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay

INMXUS SMSUSAIN INRTYS SR2000IN SPXSIN P500IN

MXUS.L SMSUSA.DE RTYS.L SR2000.DE SPXS.L P500.DE

IE00B60SX170 IE00B60SX170 IE00B60SX402 IE00B60SX402 IE00B3YCGJ38 DE000A1JM6F5

NDDUUS NDDUUS RU20INTR RU20INTR SPTR500N SPTR500N

0.30% 0.30% 0.45% 0.45% 0.20% 0.20%

USD / USD USD / EUR USD / USD USD / EUR USD / USD USD / EUR

Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay

Russell 2000

S&P 500 US Sector Exposure Consumer Discretionary Consumer Staples Energy Financials Health Care Industrials Materials Technology Utilities European Exposure DAX EURO STOXX Select Dividend 30 EURO STOXX 50 EURO STOXX 50 Distributing STOXX Europe 50

LSE LSE LSE LSE LSE LSE LSE LSE LSE

XLYS LN XLPS LN XLES LN XLFS LN XLVS LN XLIS LN XLBS LN XLKS LN XLUS LN

XLYSIN XLPSIN XLESIN XLFSIN XLVSIN XLISIN XLBSIN XLKSIN XLUSIN

XLYS.L XLPS.L XLES.L XLFS.L XLVS.L XLIS.L XLBS.L XLKS.L XLUS.L

IE00B449XP68 IE00B435BG20 IE00B435CG94 IE00B42Q4896 IE00B3WMTH43 IE00B3YC1100 IE00B3XM3R14 IE00B3VSSL01 IE00B3VPKB53

SPSUCDN SPSUCSN SPSUEN SPSUFN SPSUHCN SPSUIN SPSUMN SPSUTN SPSUUN

0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30%

USD / USD USD / USD USD / USD USD / USD USD / USD USD / USD USD / USD USD / USD USD / USD

Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay

XETRA XETRA XETRA XETRA XETRA XETRA LSE LSE XETRA XETRA XETRA

DAX30S GR SDJDIV GR SDJE50 GR SDJE5D GR SDJS50 GR SDJ600 GR S100 LN S250 LN SMSEUR GR EMSV GR MPFE GR

DAX30SIN SDJDIVIN SDJE50IN SDJE5DIN SDJS50IN SDJ600IN S100IN S250IN SMSEURIN EMSVIN INMPFE

DAX30S.DE SDJDIV.DE SDJE50.DE SDJE5D.DE SDJS50.DE SDJ600.DE S100.L S250.L SMSEUR.DE EMSV.DE MPFE.DE

DE000A0X80V0 IE00B60SX626 IE00B60SWX25 IE00B5B5TG76 IE00B60SX519 IE00B60SWW18 IE00B60SWT88 IE00B60SWV01 IE00B60SWY32 IE00B3LK4Z20 IE00B59D1459

DAX SD3T SX5T SX5T SX5R SXXR TUKXG FTPTT250 MSDEE15N MSVEUNTR GLGEURPL

0.15% 0.30% 0.15% 0.15% 0.35% 0.19% 0.20% 0.25% 0.30% 0.35% 0.75%

EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR GBP / GBP GBP / GBP EUR / EUR EUR / EUR EUR / EUR

Physical Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay

STOXX Europe 600 FTSE 100 FTSE 250 MSCI Europe MSCI Europe Value Man GLG Europe Plus European Small/Mid Cap Exposure MSCI EMU Small Cap STOXX Europe Mid 200

XETRA XETRA XETRA

EMSC GR SDJMID GR SDJSML GR

EMSCIN SDJMIDIN SDJSMLIN

EMSC.DE SDJMID.DE SDJSML.DE

IE00B68GBJ73 IE00B60SX063 IE00B60SWZ49

NCLDEMU MCXR SCXR

0.40% 0.35% 0.35%

EUR / EUR EUR / EUR EUR / EUR

Physical with swap overlay Physical with swap overlay Physical with swap overlay

STOXX Europe Small 200

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Equity and alternative

ETF ticker Index ticker Bloomberg (INAV) ETF info Mgmnt fee Base / Trading currency

Equity ETF products

Exchange Bloomberg European Market Quartile Exposure Consumer Discretionary Consumer Staples Cyclicals Defensives XETRA XETRA XETRA XETRA SCODS GR SCOSS GR SCYCS GR SDEFS GR

Reuters

ISIN

Bloomberg

Replication method

SCODSIN SCOSSIN SCYCSIN SDEFSIN

SCODS.DE SCOSS.DE SCYCS.DE SDEFS.DE

IE00B62RK662 IE00B6222Y34 IE00B62SYX47 IE00B633JD33

SCONDR SCOSTR SCYCR SDEFNR

0.30% 0.30% 0.30% 0.30%

EUR / EUR EUR / EUR EUR / EUR EUR / EUR

Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay

European Optimised Sector Exposure STOXX Europe 600 Opt. Autos XETRA LSE STOXX Europe 600 Opt. Banks XETRA EURO STOXX Opt. Banks STOXX Europe 600 Opt. Resources STOXX Europe 600 Opt. Chemicals

XAPS GR X7PS LN X7PS GR S7XE GR XPPS GR X4PS GR XOPS GR XFPS GR X3PS GR XDPS GR XNPS GR XIPS GR XMPS GR XEPS GR XQPS GR XRPS GR X8PS GR XKPS GR XTPS GR X6PS GR

XAPSIN X7PSIN X7PSIN S7XEIN XPPSIN X4PSIN XOPSIN XFPSIN X3PSIN XDPSIN XNPSIN XIPSIN XMPSIN XEPSIN XQPSIN XRPSIN X8PSIN XKPSIN XTPSIN X6PSIN

XAPS.DE X7PS.L X7PS.DE S7XE.DE XPPS.DE X4PS.DE XOPS.DE XFPS.DE X3PS.DE XDPS.DE XNPS.DE XIPS.DE XMPS.DE XEPS.DE XQPS.DE XRPS.DE X8PS.DE XKPS.DE XTPS.DE X6PS.DE

IE00B5NLX835 IE00B5MTWD60 IE00B5MTWD60 IE00B3Q19T94 IE00B5MTWY73 IE00B5MTY077 IE00B5MTY309 IE00B5MTYK77 IE00B5MTYL84 IE00B5MJYY16 IE00B5MJYX09 IE00B5MTXJ97 IE00B5MTZ488 IE00B5MTWH09 IE00B5MTZ595 IE00B5MTZM66 IE00B5MTWZ80 IE00B5MJYB88 IE00B5MJYC95 IE00B5MTXK03

SXOAR SXO7R SXO7R SXO7T SXOPR SXO4R SXOOR SXOFR SXO3R SXODR SXONR SXOIR SXOMR SXOER SXOQR SXORR SXO8R SXOKR SXOTR SXO6R

0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30%

EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR EUR / EUR

Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay Physical with swap overlay

XETRA XETRA XETRA

STOXX Europe 600 Opt. Construction XETRA STOXX Europe 600 Opt. Financials XETRA

STOXX Europe 600 Opt. Food & Bev XETRA STOXX Europe 600 Opt. Health Care XETRA

STOXX Europe 600 Opt. Industrials

XETRA XETRA XETRA XETRA

STOXX Europe 600 Opt. Insurance STOXX Europe 600 Opt. Media STOXX Europe 600 Opt. Oil & Gas

STOXX Europe 600 Opt. Household XETRA STOXX Europe 600 Opt. Retail XETRA

STOXX Europe 600 Opt. Technology XETRA STOXX Europe 600 Opt. Telecoms STOXX Europe 600 Opt. Travel STOXX Europe 600 Opt. Utilities

XETRA XETRA XETRA

Alternative ETF products

BofAML Hedge Fund Factor Dollar BofAML Hedge Fund Factor Euro J.P. Morgan Macro Hedge US TR

ETF ticker Bloomberg (INAV) SMLDIN SMLEIN INMHUU MHDUIN MHDXIN VOLTIN NVLTIN VOLSIN VIXSIN

Index ticker

ETF info Mgmnt fee 0.70% 0.70% 0.25% 0.25% 0.25% 0.30% 0.30% 0.30% 0.60% Base / Trading currency USD / USD EUR / EUR USD / USD EUR / EUR EUR / USD USD / USD USD / EUR USD / USD USD / USD

Exchange Bloomberg LSE XETRA LSE SMLD LN SMLE GR MHUU LN MHDU LN

Reuters SMLD.L SMLE.DE MHUU.L MHDU.L MHDX.L VOLT.L NVLT.DE VOLS.L VIXS.L

ISIN IE00B3MRBS47 IE00B3NY0D27 IE00B3P1F038 IE00B675BN95 IE00B675BN95 IE00B3LK4075 DE000A1JQQZ6 IE00B3M09679 IE00B46HPB89

Bloomberg MLEIFCTR MLEIFCEU JPMZMHUT JPMZMHHT JPMZMHHT NMEDVMU3 NMEDVMU3 NMEDVSU3 SPVIXSTR

Replication method Equities with swap overlay Equities with swap overlay Equities with swap overlay Equities with swap overlay Equities with swap overlay Equities with swap overlay Equities with swap overlay Equities with swap overlay Equities with swap overlay

J.P. Morgan Macro Hedge Dual TR

LSE MHDX LN LSE VOLT LN NVLT GR VOLS LN VIXS LN

Nomura Voltage Mid-Term XETRA Nomura Voltage Short-Term S&P 500 VIX Futures LSE LSE

17

Fixed income and commodity

Fixed Income ETF products
PIMCO EM Advantage ETF ticker Bloomberg Bloomberg (INAV) EMLB LN PJS2 GY PJS1 GY QUID LN MINT LN STHY LN INEMLB PJS2IN PJS1IN QUIDIN INMINT INSTHY Index ticker ETF info Mgmnt fee 0.60% 0.30% 0.35% 0.35% 0.35% 0.55% Base / Trading currency USD / USD EUR / EUR EUR / EUR GBP / GBP USD / USD USD / USD

Exchange LSE

Reuters EMLB.L PJS2.DE PJS1.DE QUID.L MINT.L STHY.L

ISIN IE00B4P11460 IE00B5VJLZ27 IE00B5ZR2157 IE00B622SG73 IE00B67B7N93 IE00B7N3YW49

Bloomberg EMAD PGLAEGTR EMTSDEO L3BP SBMMTB3 HUCD

Replication method Physical Physical Physical Physical Physical Physical

PIMCO Euro Government Bond Index XETRA PIMCO Euro Short Maturity PIMCO Sterling Short Maturity PIMCO USD Short Maturity XETRA LSE LSE

PIMCO Short-Term HY Corporate Bond LSE

Commodity ETF products

Diversied Commodity Exposure

ETF ticker

Index ticker

ETF info Mgmnt fee Base / Trading currency

Exchange

Bloomberg

Reuters

ISIN

Bloomberg

Replication method

LGCU LN LGIM Commodity Composite LSE LGCF LN

LGCU.L LGCF.L

IE00B4TXPP71 IE00B4TXPP71

TGPLGCC TGPLGCC

0.40% 0.40%

USD / USD USD / GBP

US Treasury Bills with swap overlay US Treasury Bills with swap overlay

Physical P-ETC products

ETC ticker

Index ticker

ETC info Base / Trading currency USD / USD USD / GBP USD / USD USD / EUR USD / USD USD / USD USD / USD

Exchange LSE

Bloomberg SGLD LN SGLP LN

Reuters SGLD.L SGLP.L SGLD.S 8PSG.DE SSLV.L SPPT.L SPAL.L

ISIN IE00B579F325 IE00B579F325 IE00B579F325

Bloomberg GOLDLNPM GOLDLNPM GOLDLNPM

Fixed fee 0.29% 0.29% 0.29% 0.29% 0.39% 0.39% 0.39%

Replication method Physical Physical Physical Physical Physical Physical Physical

Source Physical Gold SIX XETRA Source Physical Silver Source Physical Platinum Source Physical Palladium LSE LSE LSE SGLD SW 8PSG GR SSLV LN SPPT LN SPAL LN DE000A1MECS1 GOLDLNPM IE00B43VDT70 IE00B40QP990 IE00B4LJS984 SLVRLN PLTMLNPM PLDMLNPM

Commodity T-ETC products

Broad Commodity Exposure

ETC ticker

Index ticker

ETC info Base / Trading currency

Exchange

Bloomberg

Reuters

ISIN

Bloomberg

Fixed fee

Replication method

SIX S&P GSCITM TR XETRA SIX S&P GSCITM Light Energy TR XETRA Commodity Sector Exposure SIX S&P GSCITM Agriculture TR XETRA SIX S&P GSCITM Energy TR XETRA S&P GSCITM Petroleum TR S&P GSCITM Precious Metals TR XETRA SIX S&P GSCITM Grains TR XETRA SIX S&P GSCITM Industrial Metals TR XETRA S&P GSCI
TM

SGSCI SW SGSCI GR SGSLE SW SGSLE GR

SGSCI.S SGSCI.DE SGSLE.S SGSLE.DE

XS0417130035 XS0417130035 XS0417130894 XS0417130894

SPGSCITR SPGSCITR SPGSLETR SPGSLETR

0.49% 0.49% 0.49% 0.49%

USD / USD USD / EUR USD / USD USD / EUR

US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay

SFARM SW SFARM GR SENERG SW SENERGY GR SPETRO GR SPMETL SW SPMETL GR SGRAIN SW SGRAIN GR SIMETL SW SIMETL GR SSOFT GR

SFARM.S SFARM.DE SENERG.S

XS0417183406 XS0417183406 XS0417135695

SPGSAGTR SPGSAGTR SPGSENTR SPGSENTR SPGSPTTR SPGSPMTR SPGSPMTR SPGSGRTR SPGSGRTR SPGSINTR SPGSINTR SPGSSFTR

0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49%

USD / USD USD / EUR USD / USD USD / EUR USD / EUR USD / USD USD / EUR USD / USD USD / EUR USD / USD USD / EUR USD / EUR

US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay

SENERGY.DE XS0417135695 SPETRO.DE SPMETL.S SPMETL.DE SGRAIN.S SGRAIN.DE SIMETL.S SIMETL.DE SSOFT.DE XS0417152278 XS0417152781 XS0417152781 XS0417129961 XS0417129961 XS0417130381 XS0417130381 XS0417171815

XETRA SIX

Softs TR

XETRA

18

Commodity
Commodity T-ETC products
Individual Commodity Exposure S&P GSCITM Aluminum TR S&P GSCITM Brent Crude Oil Enhanced TR S&P GSCITM Coffee TR S&P GSCITM Copper TR XETRA SIX XETRA SIX XETRA SIX XETRA XETRA XETRA SIX XETRA XETRA SIX S&P GSCITM Natural Gas TR XETRA S&P GSCITM Nickel TR S&P GSCITM Silver TR XETRA XETRA SIX S&P GSCITM Soybeans TR XETRA SIX S&P GSCITM Sugar TR XETRA SIX S&P GSCITM Wheat TR XETRA S&P GSCI
TM

ETC ticker Exchange Bloomberg Reuters ISIN

Index ticker Bloomberg

ETC info Fixed fee Base / Trading currency Replication method

SALUMI GR BOIL SW SCOFF GR SCOPP SW SCOPP GR SCORN SW SCORN GR SCOTN GR SWTI GR SEWTI SW SEWTI GR SGOLD GR SNGAS SW SNGAS GR SNICKL GR SSILVR GR SSOYB SW SSOYB GR SSUGAR SW SSUGAR GR SWHEAT SW SWHEAT GR SZINC GR

SALUMI.DE BOILS.S SCOFF.DE SCOPP.S SCOPP.DE SCORN.S SCORN.DE SCOTN.DE SWTI.DE SEWTI.S SEWTI.DE SGOLD.DE SNGAS.S SNGAS.DE SNICKL.DE SSILVR.DE SSOYB.S SSOYB.DE SSUGAR.S SSUGAR.DE SWHEAT.S SWHEAT.DE SZINC.DE

XS0470829358 XS0766094972 XS0417184040 XS0470829432 XS0470829432 XS0417184552 XS0417184552 XS0417185104 XS0417132247 XS0454792184 XS0454792184 XS0417127916 XS0417151114 XS0417151114 XS0470829192 XS0417171658 XS0417181533 XS0417181533 XS0417181616 XS0417181616 XS0417182937 XS0417182937 XS0470829515

SPGSIATR SGECBRTR SPGSKCTR SPGSICTR SPGSICTR SPGSCNTR SPGSCNTR SPGSCTTR SPGSCLTR SGESCLTR SGESCLTR SPGSGCTR SPGSNGTR SPGSNGTR SPGSIKTR SPGSSITR SPGSSOTR SPGSSOTR SPGSSBTR SPGSSBTR SPGSWHTR SPGSWHTR SPGSIZTR

0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49%

USD / EUR USD / USD USD / EUR USD / USD USD / EUR USD / USD USD / EUR USD / EUR USD / EUR USD / USD USD / EUR USD / EUR USD / USD USD / EUR USD / EUR USD / EUR USD / USD USD / EUR USD / USD USD / EUR USD / USD USD / EUR USD / EUR

US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay US Treasury Bills with swap overlay

S&P GSCITM Corn TR S&P GSCITM Cotton TR S&P GSCITM Crude Oil TR S&P GSCITM Crude Oil Enhanced TR S&P GSCI
TM

Gold TR

Zinc TR

XETRA

Contact information - Authorised Participants

Contact information - Source

Bank of America Merrill Lynch Goldman Sachs J.P. Morgan Morgan Stanley Nomura Citigroup (AP for commodity ETF)

T. +44 (0)20 7996 1034 T. 44 (0)20 7774 5731

+

source@baml.com source@gs.com

Source

T. +44 (0)20 3370 1100

invest@source.info

Contact information - Market Makers T. 44 (0)20 7742 4276 T. +44 (0)20 7779 3161
+

source@jpmorgan.com Flow Traders source@morganstanley.com source@nomura.com nick.shellard@citi.com peter.daniel.mcintyre@citi.com etfs@janestreet.com etfeurope@knight.com Nyenburgh Other T. +31 (0)20 578 2300 T. +31 (0)20 799 6777 bernardus.roelofs@flowtraders.com florian.perini@flowtraders.com etftrading@nyenburgh.com

T. +44 (0)20 7425 6362 T. +44 (0)20 7103 4493 T. +44 (0)20 7986 3656

15 market makers. For further information please visit www.source.info

Jane Street (AP for fixed income ETFs) T. +44 (0)20 3100 3400 Knight Capital (AP for fixed income ETFs) T. +44 (0)20 7997 2072

Key disclaimer information This information has been prepared solely for information purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. This information is confidential and is solely for your internal use. This information is based on or derived from information generally available to the public from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information, or with respect to the terms of any future offer of transactions conforming to the terms hereof. We do not undertake to update this information. Source UK Services Limited (Source) and its affiliates disclaim any and all liability relating to this information, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, this information. Additional information is available on request. Source and others associated with it may deal as principal in or own or act as market maker for securities and instruments mentioned herein or of issuers mentioned herein and may also advise or seek to advise issuers of such securities and instruments. This communication is a marketing communication. This communication is directed at sophisticated prospective investors in order to assist them in determining whether they have an interest in the types of security described herein. In the UK it is directed only to those persons who are eligible counterparties or professional clients and must not be acted on or relied upon by retail clients (each as defined in the UK Financial Services Authoritys rules). All registered trademarks referenced herein have been licensed for use by Source. None of the products discussed above are sponsored, endorsed, sold or promoted by any registered trademark owners referenced herein, and such owners make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in any of the products discussed above. 2012 Source UK Services Limited. All rights reserved.
7 May 2012

19

and deep roots in the trading community. Sources partners include Bank of America Merrill Lynch, Goldman Sachs, Jane Street, J.P. Morgan, Knight Capital, Legal & General Investment Management, Man GLG, Morgan Stanley, Nomura, PIMCO, Flow Traders, Nyenburgh, Baader Bank, Banca IMI, BNP, Citigroup, Commerzbank, Credit Suisse, DekaBank, Exane, HSBC, IMC, Natixis, Newedge, Optiver, RBS, SG Securities and UniCredit.

Trading information and contacts

PARAGRAPH 2 - Our approach is working

Source is one of the fastest growing ETF providers in Europe, Buying and selling Source ETFs, T-ETCs and P-ETCs is very having raised over US$ 9.3 billion and having more than simple. Exchange Traded Products (ETPs) trade and settle as US$ 355 billion traded in its products since launch in April 2009.1 cash instruments throughout the trading day.
1

Authorised participants

The primary market The Authorised Participants have the capacity and authority to create and redeem Source ETPs directly with the fund or certificate in line with daily demand. Having multiple Approved Dealers enables the products to tradeof with maximum liquidity. Contact details page - number ap-

As of April 2012

Bank of America Merrill Lynch

James Orme-Smith / Jorge Soltero Tel: +44 (0)20 7996 1034 Email: source@baml.com Ben Reuter / Michael Winkelgrund

Goldman Sachs

Tel: +44 (0)20 7774 5731 Email: source@gs.com Ronny Feiereisen / Cyril Dosmond

proved dealers

The secondary market J.P. Morgan

Source has an extensive network of Approved Dealers and Market Makers supporting the secondary market which ensure tight bid/offer spreads, maximum price transparency and liquidity. Unlike the traditional view of the cash equity markets, on-exchange turnover is not the only measure of ETP liquidity. Depth-of-Market is equally important. Bid/offer prices are posted by market makers for sizes in which they can commit to execute a trade. As a result, Source ETPs reflect the liquidity of their underlying market. Source currently has five Authorised Participants whose main focus is over the counter (OTC) trading and seventeen Approved Dealers, who trade both OTC and/or on-exchange. Listing and settlement Source ETFs, T-ETCs and P-ETCs are currently listed on the Deutsche Brse (Xetra), the London Stock Exchange and/or SIX Swiss Exchange. Source ETFs, T-ETCs and P-ETCs settle through Clearstream, Euroclear and CREST. Source contact information Call us on +44 (0)20 3370 1100 Email us at invest@source.info Visit our website www.source.info Trading partners To invest in Source ETPs please contact your local broker. You will find Sources trading partners listed on the right. For further information, please contact Source directly.
20

Tel: +44 (0)20 7742 4276 / Tel: +44 (0)20 7779 3161 Email: source@jpmorgan.com Dorcas Phillips / Jason Warr

Morgan Stanley

Tel: +44 (0)20 7425 6362 Email: source@morganstanley.com Giovanni Leonardi / Patrick Houel

Nomura

Tel: +44 (0)20 7103 4493 Email: source@nomura.com

Approved dealers Bernardus Roelofs / Florian Perini Tel: 31 (0)20 799 6777
+

Flow Traders (Official Market Maker) Nyenburgh (Official Market Maker) Jane Street (AP for fixed income products) Knight Capital (AP for fixed income products) Citigroup (AP for LGCU LN)

Martin Velten DekaBank Tel: +49 (0)69 7147 7777 Email: ETF.Sales@deka.com Pierre Florentz Exane Tel: +33 (0)1 4495 9274 Email: pierre.florentz@exane.com Stephan Labidurie / Loic Lebrun HSBC Tel: +44 (0)20 7991 1374 Email: indexgroup@hsbc.com Hans Rotteveel IMC Tel: +41 (0)41 560 3121 Email: haro@imc.nl Isira Perera / Sandrine Guirao Natixis Tel: +33 (0)1 5855 8411 / +33 (0)1 5855 8318 Email: etfs@natixis.com Jerome Thibaut Newedge Tel: +33 (0)1 5507 3640 Email: jerome.thibaut@newedgegroup.com Maarten Botman Optiver Tel: +31 (0)20 708 7820 Email: maartenbotman@optiver.com Steve Palmer RBS Tel: +44 (0)20 7678 9218 Email: steve.palmer@rbs.com Benjamin Fussien SG Securities Tel: +33 (0)1 4213 5610 Email: benjamin.fussien@sgcib.com Paolo Giulianini UniCredit Tel: +44 (0)20 7826 6921 Email: etf@unicreditgroup.co.uk
21

Email: bernardus.roelofs@flowtraders.com Email: florian.perini@flowtraders.com Christiaan Scholtes / Bo Bjurgert Tel: +31 (0)20 578 2300 etftrading@nyenburgh.com Ian Schaad / Todd Hollander Tel: +44 (0)20 3100 3400 Email: etfs@janestreet.com Matthew Holden Tel: +44 (0)20 7997 2072 Email: etfeurope@knight.com Peter McIntyre / Nick Shellard Tel: +44 (0)20 7986 8839 / +44 (0)20 7986 3656 Email: peter.daniel.mcintyre@citi.com Email: nick.shellard@citi.com Christian Grabbe

Baader Bank

Tel: +49 (69) 1388 1191 Email: christian.grabbe@baaderbank.de Pietro Fiocchi

Banca IMI

Tel: 39 (0)2 7261 5781

+

Email: pietro.fiocchi@bancaimi.com Carole Bougeant BNP Tel: +33 (0)1 5743 7276 Email: carole.bougeant@bnpparibas.com Frank Mohr Commerzbank Tel: +49 (0)69 1362 2088 Email: etfmarketmaking@commerzbank.com Aidan Hsu / Keith Shea Credit Suisse Tel: +44 (0)20 7888 3999 Email: aidan.hsu@credit-suisse.com Email: keith.shea@credit-suisse.com

Important information and risks

Key ETF disclaimer Information This booklet of ETF factsheets contains a short summary description of the above mentioned funds (each a Fund) and is for discussion purposes only. This brochure is not for distribution to, or for the attention of, US or Canadian persons. The prospectus and simplified prospectus documenting the issue of shares by the Fund can be downloaded from www.source.info. Without limitation, this brochure does not constitute an offer or a recommendation to enter into any transaction. When making an investment decision, you should rely solely on the final documentation and any prospectus relating to the transaction and not this summary. Investment strategies involve numerous risks. Investors should consult their own business, tax, legal and accounting advisors with respect to a purchase of shares and you should refrain from entering into a transaction unless you have fully understood the associated risks and have independently determined that the transaction is appropriate for you. In no way should Source UK Services Limited (Source) be deemed to be holding itself out as a financial adviser or a fiduciary of the recipient hereof. Risk Factors: The investments of the Fund in securities are subject to normal market fluctuations and other risks inherent in investing in securities. The value of investments and the income from them, and therefore the value of and income from shares relating to each Fund can go down as well as up and an investor may not get back the amount invested. Changes in exchange rates between currencies or the conversion from one currency to another may also cause the value of the investments to diminish or increase. Due to charges which may be payable on the shares, an investment in shares in the Fund should be viewed as medium to long term. An investment in a Fund should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors. There is no assurance that any Fund will achieve its investment objective. As a Fund whose target performance is linked to a reference index will often be invested in securities which differ from the constituents of the index and derivative techniques will be used to achieve the performance. While the prudent use of such derivatives can be beneficial, derivatives also involve risks which, in certain cases, can be greater than the risks presented by investing directly in the constituents of the index. Index disclaimers DAX is a registered trademark of Deutsche Brse AG. The ETF is not sponsored, promoted, sold or in any other manner supported by Deutsche Brse AG. The calculation and the licensing of the index or of the index trademark does not represent a recommendation to investment. Deutsche Brse AG is not liable to third parties for possible errors in the index. The EURO STOXX Select Dividend 30 index and its related trademarks are proprietary to STOXX Limited. The EURO STOXX Select Dividend 30 index and the related trademarks have been licensed for certain purposes by Source. The EURO STOXX Select Dividend 30 Source ETF is not sponsored, sold, endorsed or promoted by STOXX Limited. The EURO STOXX 50 index and its related trademarks are proprietary to STOXX Limited. The EURO STOXX 50 index and the related trademarks have been licensed for certain purposes by Source. The EURO STOXX 50 Source ETF is not sponsored, sold, endorsed or promoted by STOXX Limited.
22

The STOXX Europe 50 index and its related trademarks are proprietary to STOXX Limited. The STOXX Europe 50 index and the related trademarks have been licensed for certain purposes by Source. The STOXX Europe 50 Source ETF is not sponsored, sold, endorsed or promoted by STOXX Limited. The STOXX Europe 600 index and its related trademarks are proprietary to STOXX Limited. The STOXX Europe 600 index and the related trademarks have been licensed for certain purposes by Source. The STOXX Europe 600 Source ETF is not sponsored, sold, endorsed or promoted by STOXX Limited. The STOXX Europe Small 200 index and its related trademarks are proprietary to STOXX Limited. The STOXX Europe Small 200 index and the related trademarks have been licensed for certain purposes by Source. The STOXX Europe Small 200 Source ETF is not sponsored, sold, endorsed or promoted by STOXX Limited. The STOXX Europe Mid 200 index and its related trademarks are proprietary to STOXX Limited. The STOXX Europe Mid 200 index and the related trademarks have been licensed for certain purposes by Source. The STOXX Europe Mid 200 Source ETF is not sponsored, sold, endorsed or promoted by STOXX Limited. FTSE is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited (FTSE) under licence. Source is licensed by FTSE to redistribute the FTSE 100. All rights in and to the FTSE 100 vest in FTSE and/or its licensors. All information is provided for reference only. Neither FTSE nor its licensors shall be responsible for any error or omission in the FTSE 100. FTSE is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited (FTSE) under licence. Source is licensed by FTSE to redistribute the FTSE 250. All rights in and to the FTSE 100 vest in FTSE and/or its licensors. All information is provided for reference only. Neither FTSE nor its licensors shall be responsible for any error or omission in the FTSE 250. FTSE is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited (FTSE) under licence. Source UK Services Limited is licensed by FTSE to redistribute the FTSE Emerging EMEA 40 Index. All rights in and to the FTSE Emerging EMEA 40 Index vest in FTSE and/or its licensors. All information is provided for reference only. Neither FTSE nor its licensors shall be responsible for any error or omission in the FTSE Emerging EMEA 40 Index. The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Source and any related funds. The Russian Depositary Index is a securities index calculated and published by Weiner Brse AG (WBAG). Russian Depositary Index and RDX are registered trademarks of WBAG and have been licensed for use by Source. The mentioned ETF is not sponsored, endorsed, sold or promoted by WBAG or its affiliates, and WBAG and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such ETF.

The Russell 2000 Index is a trademark of Frank Russell Company and has been licensed for use by Source. The Product(s) is/are not sponsored, endorsed, sold or promoted by Frank Russell Company and Frank Russell Company makes no representation regarding the advisability of investing in the Product. Russell Investment Group is the source and owner of the trademarks, service marked and copyrights related to the Russell Indexes. Russell is a trademark of Russell Investment Group. The STOXX Europe Optimised indices and related trademarks are proprietary to STOXX Limited and have been licensed for certain purposes by Source. The Funds tracking the STOXX Europe Optimised indices are not sponsored, sold, endorsed or promoted by STOXX Limited and have been licensed for use by Source. Standard & Poors and S&P are registered trademarks of Standard & Poors Financial Services LLC (S&P) and have been licensed for use by Source. The Source ETFs are not sponsored, endorsed, sold or promoted by S&P or its affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in the Source ETFs. The Reference Index is calculated under licence from GLG Partners LP (GLG). Man GLG Europe Plus Index is a registered trade mark of GLG and has been licensed for use by Source. GLG, a member of the Man Group plc, does not approve, endorse, sponsor, market or recommend Source or the Fund. Data relating to the Reference Index is for information purposes only and should not be used or considered as an offer or a solicitation to sell or buy the securities comprising the Reference Index. No representation, warranty or condition, express or implied, statutory or otherwise, as to veracity, condition, satisfactory quality, performance or fitness for purpose are given or assumed by GLG in respect of the Reference Index or any data included in it or the use by any person or entity of the Reference Index or that data and all those representations, warranties and conditions are excluded save to the extent that such exclusion is prohibited by law. GLG shall have no liability or responsibility to any person or entity for any loss, damages (whether direct, special, punitive, indirect, consequential or otherwise), costs, lost profits, charges, expenses or other liabilities whether caused by the negligence of GLG or otherwise, even if notified of the possibility of such liabilities, arising in connection with the use of the Reference Index. GLG is responsible for determining the composition of the Reference Index. There is no requirement for GLG to take into account the needs of the Fund or shareholders of the Fund in determining the composition of the Reference Index. GLGs names and logos and all related trademarks and other intellectual property are the property of GLG and cannot be used without the prior written permission of GLG. The Reference Index is administered and calculated by Markit, a leading global index provider. Markit is a financial information services company with more than 1,100 employees in Europe, North America and Asia-Pacific. Markit makes no representation and expressly disclaims all warranties of accuracy, merchantability or fitness for a particular purpose or use with respect to the Reference Index or any data included therein, or any data from which it is based or as to results to be obtained from the use of the Reference Index. Markit does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by GLG Partners LP or any of its affiliates or third parties that seeks to provide an investment return based on the returns of the Reference Index. For more information on Markit, see www.markit.com.

Key Alternative ETF disclaimer information This brochure contains a short summary description of the above mentioned ETF (the Fund) and is for discussion purposes only. This brochure is not for distribution to, or for the attention of, US or Canadian persons. The prospectus and simplified prospectus documenting the issue of shares by the Fund can be downloaded from www.source.info. Without limitation, this brochure does not constitute an offer or a recommendation to enter into any transaction. When making an investment decision, you should rely solely on the final documentation and any prospectus relating to the transaction and not this summary. Investment strategies involve numerous risks. The use of volatility products or products which incorporate exposure to volatility as part of an investors portfolio is complex and requires sophisticated analysis. For example and as noted below, in the event of a protracted period of contango, the performance of the Fund may be adversely affected. Unsophisticated investors should not invest in this product without consulting their own business, tax, legal and accounting advisors with respect to a purchase of shares and should refrain from entering into a transaction unless they have fully understood the associated risks and have independently determined that the transaction is appropriate for them. In no way should Source UK Services Limited (Source) be deemed to be holding itself out as a financial adviser or a fiduciary of the recipient hereof. Risk factors: The investments of the Fund in securities are subject to risks inherent in investing in securities. The value of shares relating to each Fund can go down as well as up and an investor may not get back the amount invested. Changes in exchange rates between currencies or the conversion from one currency to another may also cause the value of the investments to diminish or increase. An investment in a Fund should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors. There is no assurance that the Fund will achieve its investment objective. As a Fund whose target performance is linked to a reference index will often be invested in securities which differ from the constituents of the index, derivative techniques will be used to achieve the performance. While the prudent use of such derivatives can be beneficial, derivatives also involve risks which, in certain cases, can be greater than the risks presented by investing directly in the constituents of the reference index. Risks related to commodity indices: The Fund is an index-linked Fund and the amount payable in respect of the Fund depends upon, among other things, the performance of the Reference Index. Through its exposure to the commodity indices, the Reference Index is calculated by reference to the prices of certain commodity contracts and is therefore subject to many of the risks of direct investment in commodities. In addition to general economic and other factors, the commodity markets are subject to temporary distortions or other disruptions due to the various factors, including changes in supply and demand, the lack of liquidity in those markets, speculation and government regulation and intervention, any of which may increase the risk of price volatility. Commodity futures markets are subject to regulations that limit the amount of fluctuation in prices that may occur during a single business day. Commodities are also subject to changes in regulation that may affect their price or liquidity, reduced liquidity of underlying contracts may affect the level of the Reference Index or require changes to their components of methodology.
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Rolling and its impact on the performance of a futures index: The S&P 500 VIX Short-Term Futures Total Return Index (the Reference Index) replicates an actual investment in futures contracts, where futures contracts that are nearing expiration are sold and longer-dated contracts are bought. This process is known as rolling and has an impact on the performance of the Index. When the price of the futures contract in the first delivery month (which is sold) is greater than the price of the futures contract in the second delivery month (which is bought), the market for such contracts is referred to as being in backwardation. A period of backwardation will have a positive impact on the performance of the Reference Index. When the price of the futures contract in the first delivery is lower than the price of the futures contract in the second delivery month, the market for such contracts is referred to as being in contango. There have been periods of time when there has been consistent and/or significant contango, and the process of rolling futures has had a strongly negative impact on the performance of the Reference Index. Interest rates: The value of the Reference Index incorporates interest accrual on the notional value of the Reference Index, based on the 3-month US Treasury Rate. A decrease in the relevant rate of interest will adversely impact the value of the Reference Index and, therefore, the value of the shares in the fund. Index disclaimers: Standard & Poors and S&P are registered trademarks of Standard & Poors Financial Services LLC (S&P) and have been licensed for use by Source. The Fund is not sponsored, endorsed, sold or promoted by S&P or its affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in the Fund. The Bank of America Merrill Lynch Marks and the Factor Model (Bank of America Merrill Lynch IP) are property of Merrill Lynch, Pierce, Fenner & Smith Incorporated or its affiliates (Bank of America Merrill Lynch) and have been licensed for use by Source. Certain trademarks and other marks (the Component Sponsor Marks) are trademarks of Standard & Poors, a division of The McGraw-Hill Companies, Inc. and Standard & Poors Financial Services LLC, MSCI, Inc. or Frank Russell Company or any of their respective affiliates (collectively, the Component Sponsors) and have been licensed for use by Bank of America Merrill Lynch. Neither Source nor the fund are sponsored, endorsed, passed on, recommended, sold, or promoted by Bank of America Merrill Lynch or the Component Sponsors. Bank of America Merrill Lynch IP and the Component Sponsors marks are licensed on an as is where is basis. Neither Bank of America Merrill Lynch nor any of the Component Sponsors makes any warranties including about their suitability, quality, accuracy, timeliness, and/or completeness and have no liability in connection with their use or the fund. Source acknowledges that no products that have the J.P. Morgan Macro Hedege US TR Index as their underlying interest that are issued, sold, or traded by Source or any third party pursuant to the license from Standard & Poors Financial Services LLC (S&P) to J.P. Morgan are to be deemed sponsored, endorsed, sold or promoted by S&P or the Chicago Board Options Exchange, Inc. (CBOE). S&Ps and CBOEs only relationship to Source and J.P. Morgan with respect to any such products, if any, is that CBOE has agreed that S&P may license CBOEs trademarks and the values of the CBOE Volatility Index (VIX) (the CBOE Values) to J.P. Morgan. Neither S&P nor CBOE have any obligation to take the needs of persons having an interest in any such products into consideration in determining, composing or calculating the CBOE Values. Neither S&P nor CBOE have any obligation or liability in connection with the administration, marketing or trading of any such products. Legal & General Investment Management Limited (LGIM) its associates,
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subsidiaries and group undertakings (collectively, Legal & General) is not the issuer or producer of the LGIM Commodity Composite Source ETF (the Fund) and has no responsibilities, obligations or duties to any person (investor or otherwise) and accepts no liability for any costs, losses, liabilities or expenses arising in any manner out of or in connection with the Fund or the LGIM Commodity Composite Index (the Reference Index). Without limiting the generality of the foregoing, and to the extent permitted by law, Legal & General shall not be liable for any loss whether direct, indirect, incidental, special or consequential howsoever caused and on any theory of liability, whether in contract or tort (including negligence) or otherwise, even if Legal & General had been advised of the possibility of such loss. The Reference Index is a registered trademark owned by LGIM and licensed for use solely by Source UK Services Limited as the promoter of the Fund and is not for use by the owners of the Fund, investors or other third parties. All proprietary rights in the Reference Index are reserved by LGIM and shall remain the exclusive property of LGIM. Legal & General does not sponsor or endorse the Fund and makes no representation or warranty, express or implied, in connection with the Fund or the Reference Index (including, without limitation, regarding the advisability of investing in the Fund or the advisability of investing in securities generally or the ability of the Reference Index to track corresponding or relative market performance or as to the quality, accuracy, suitability or completeness of the Reference Index or any part thereof). LGIM reserves the right to change the methods of calculation or publication, or to cease the calculation or publication of the Reference Index, and LGIM shall not be liable for any miscalculation of or any incorrect delayed, or interrupted publication with respect to the Reference Index. The Reference Index is maintained and calculated by FTSE International Limited (FTSE). FTSE does not accept any liability for any errors or omissions in the Reference Index or underlying data. Barclays Bank PLC and its affiliates (Barclays) is not the issuer or producer of the Fund or the LGIM Commodity Composite Index and Barclays has no responsibilities, obligations or duties to investors in the Fund. The Barclays Capital Commodity Index Pure Beta Total Return Index is a trademark owned by Barclays Bank PLC and licensed for use by Source Markets plc as the issuer of the Fund (the Issuer). While the Issuer of the Fund, may for itself execute transaction(s) with Barclays in or relating to the Barclays Capital Commodity Index Pure Beta Total Return Index in connection with the Fund, investors acquire shares in the Fund from the Issuer and investors neither acquire any interest in Barclays Capital Commodity Index Pure Beta Total Return Index nor enter into any relationship of any kind whatsoever with Barclays upon making an investment in the Fund. The Fund is not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of the Fund or use of the Barclays Capital Commodity Index Pure Beta Total Return Index or any data included therein. Barclays shall not be liable in any way to the Issuer, investors or to other third parties in respect of the use or accuracy of the Barclays Capital Commodity Index Pure Beta Total Return Index or any data included therein. Citigroup and any of its affiliates (Citi) is not the issuer or producer of the Fund and Citi has no responsibilities, obligations or duties to any person (investor or otherwise) in the Fund. The Citi CUBES Index Total Return (Citi CUBES) is a trademark owned by Citi and licensed for use by Source Markets plc as the issuer of the Fund. The Fund is not sponsored, endorsed, sold or promoted by Citi and Citi makes no representation regarding the advisability of the Fund. Citi does not guarantee the accuracy and/or uninterrupted calculation of Citi CUBES or any data included therein. Citi makes no representation or warranty, express or implied, (a) as to the results obtained or to be obtained by any person or entity from the use of Citi CUBES or any data included therein; and (b) on the quality, merchantability or fitness for a particular purpose with respect to Citi CUBES and/or any data included therein. Without limiting any of the foregoing, Citi shall not be liable for any loss

of profits or business, or any special, incidental, punitive, indirect or consequential damages suffered or incurred as a result of the use (or inability to use) of Citi CUBES and/or any data include therein. The JPMCCI ex-Front Month Energy Light Index (JPMCCI Index) has been licensed to Source UK Services Limited and LGIM (the Licensees) for the Licensees benefit. Neither the Licensee nor the Fund (the Non-JPM Product) is sponsored, operated, endorsed, recommended, sold or promoted by J.P. Morgan Securities Ltd. (JPMSL) or any of its affiliates (together and individually, JPMorgan). JPMorgan makes no representation and gives no warranty, express or implied, to investors in or those otherwise taking exposure to the Non-JPM Product. Such persons should seek appropriate professional advice before making any investment. The JPMCCI Index has been designed and is compiled, calculated, maintained and sponsored by JPMSL without regard to the Licensees, the Non-JPM Product or any investor. JPMSL is under no obligation to continue compiling, calculating, maintaining or sponsoring the JPMCCI Index. JPMorgan may independently issue or sponsor other indices or products that are similar to and may compete with the JPMCCI Index and the Non-JPM Product. They may also transact in assets referenced in the JPMCCI Index (or in financial instruments such as derivatives that reference those assets). These activities could have a positive or negative effect on the value of the JPMCCI Index and the Non-JPM Product. JPMorgan does not give any representation, warranty or undertaking, of any type (whether express or implied, statutory or otherwise) in relation to the JPMCCI Index, as to condition, satisfactory quality, performance or fitness for purpose or as to the results to be achieved by an investment in the Non-JPM Product or any data included in or omissions from the JPMCCI Index, or the use of the JPMCCI Index in connection with the Non-JPM Product or the veracity, currency, completeness or accuracy of the information on which the JPMCCI Index is based (and without limitation, JPMorgan accepts no liability to any Investor for any errors or omissions in that information or the results of any interruption to it and JPMorgan shall be under no obligation to advise any person of any such error, omission or interruption). To the extent any such representation, warranty or undertaking could be deemed to have been given by JPMorgan, it is excluded save to the extent that such exclusion is prohibited by law. To the fullest extent permitted by law, JPMorgan shall have no liability or responsibility to any person or entity (including, without limitation, any Investors) for any loss, damages, costs, charges, expenses or other liabilities howsoever arising, including, without limitation, liability for any special, punitive, indirect or consequential damages (including loss of business or loss of profit, loss of time and loss of goodwill), even if notified of the possibility of the same, arising in connection with the design, compilation, calculation, maintenance or sponsoring of the JPMCCI Index or in connection with the Non-JPM Product. UBS Bloomberg Constant Maturity Commodity Index: This material is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any recipient. It is for information purposes only and should not be construed as an offer, recommendation or solicitation to conclude a transaction and should not be treated as giving investment advice. UBS makes no representation or warranty, express or implied, regarding the appropriateness of investing in products referenced to the UBS Bloomberg Constant Maturity Commodity Index Family (CMCI) , commodity products in general or of the ability of the CMCI to track commodity market performance. In determining the constituents of the CMCI and any amendment thereto, UBS has no obligation to consider the needs of any counterparties that have products referenced to the CMCI. UBS 2011. The key symbol and UBS are among the registered and unregistered trademarks of UBS. UBS Bloomberg Constant Maturity Commodity Index, UBS Bloomberg CMCI and CMCI are service marks of UBS and/or Bloomberg. Other marks may be trademarks of their respective owners. All rights reserved. UBS assumes sole responsibility

for this marketing material, which has not been reviewed by Bloomberg. CMCI is compiled and calculated, in part, using data obtained from a number of futures exchanges (Exchanges) with their permission. The Exchanges data is provided as is and without representation or warranty on their part. The Exchanges have no involvement with and accept no responsibility for the CMCI, its suitability as an investment or its future performance. UBS DOES NOT GUARANTEE THE QUALITY, ACCURACY AND/OR THE COMPLETENESS OF THE CMCI OR ANY DATA INCLUDED THEREIN AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS OR OMISSION. UBS MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY OR FROM THE USE OF THE CMCI OR ANY DATA INCLUDED THEREIN OR FOR ANY OTHER USE (WHETHER DIRECTLY OR VIA ANY PRODUCT REFERENCED THERETO). UBS MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND TO THE EXTENT PERMITTED BY LAW HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE CMCI OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, TO THE EXTENT PERMITTED BY LAW UBS DISLAIMS ANY LIABILITY FOR ANY PUNITIVE, INDIRECT, SPECIAL, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH. Key Fixed Income ETF disclaimer information This brochure contains information about the PIMCO Source ETFs product range (each a Fund and collectively, the Funds). It is for discussion purposes only and is not for distribution to, or for the attention of, US or Canadian persons. This brochure is not for use within any country or with respect to any person(s) where such use could constitute a violation of the applicable law. The relevant prospectus (including any supplements or simplified prospectuses thereto) documenting the issue of shares by the Funds can be downloaded from www.source.info Without limitation, this brochure does not constitute an offer or a recommendation to enter into any transaction. When making an investment decision, an investor should rely solely on the final documentation and any prospectus relating to the transaction and not the information contained in this brochure. Investment strategies involve numerous risks. Investors should consult their own business, tax, legal and accounting advisors with respect to a purchase of shares and should refrain from entering into any transaction unless they have fully understood the associated risks and have independently determined that the transaction is appropriate for them. In no way should Source UK Services Limited or PIMCO Europe Limited be deemed to be holding themselves out as financial advisers or fiduciaries of the recipient hereof. Certain features of the PIMCO European Advantage Government Bond Index are patent pending. GLOBAL ADVANTAGE and GLADI are trademarks of Pacific Investment Management Company LLC. Registered trademarks or trademarks contained herein are the property of Pacific Investment Management Company LLC and/or Allianz Global Investors of America L.P in the United States and/or other countries. Risk factors: The investments of the Funds in securities are subject to normal market fluctuations and other risks inherent in investing in securities. The value of investments and the income from them, and therefore the value of and income from shares relating to each Fund can go down as well as up and an investor may not get back the amount invested. Changes in exchange rates between currencies or the conversion from one currency to another may also cause the value of the investments to diminish or increase. There is no assurance that any
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Fund will achieve its investment objective. Past performance is not a guarantee or a reliable indicator of future results. The value of most bond funds and fixed income securities are impacted by changes in interest rates and the risk that the managers investment decisions might not produce the desired results. Bonds and bond fund investments with longer durations tend to be more sensitive and more volatile than securities with shorter durations; bond prices generally fall as interest rates rise. The Funds may use derivative techniques for hedging purposes or as part of its investment strategy. While the prudent use of such derivatives can be beneficial, use of derivatives may involve certain costs and risks. Key T-ETC disclaimer Information This booklet of T-ETC factsheets contains a short summary description of the above mentioned Source Treasury Bill Secured ETCs (the T-ETCs or the Certificates) and is for discussion purposes only. A complete description of the Certificates is set out in the prospectus of the above mentioned T-ETC. This brochure is not for distribution to, or for the attention of, US or Canadian persons. The Base Prospectus documenting the issue of T-ETCs can be downloaded from www.source.info. Without limitation, this brochure does not constitute an offer or a recommendation to enter into any transaction. When making an investment decision, you should rely solely on the final documentation and any prospectus relating to the transaction and not this summary. Investment strategies involve numerous risks. Investors should consult their own business, tax, legal and accounting advisors with respect to this proposed transaction and they should refrain from entering into a transaction unless they have fully understood the associated risks and have independently determined that the transaction is appropriate for them. In no way should Source UK Services Limited (Source) be deemed to be holding itself out as a financial adviser or a fiduciary of the recipient hereof. An investment in the T-ETCs involves a significant degree of risk and investors should read carefully and ensure they understand the Risk Factors section of the Base Prospectus before deciding whether to invest in T-ETCs. Risks affecting an investment include: T-ETCs are not principal protected. Past performance is not an indication of expected performance and the investment performance of the T-ETCs could be volatile. The T-ETCs are limited recourse obligations which are payable solely out of the US Treasury Bills and cash allocated to the relevant series of T-ETCs which may be insufficient to cover amounts which would otherwise be payable under the T-ETCs. There can be no assurance that the continual issuance and repurchase and the role of authorised participants or market makers will be successful in minimising any tracking error between the price at which the T-ETCs trade on the exchanges and their net asset value. The issuers ability to make payments under the T-ETCs will depend on Wells Fargo, acting as Collateral Administrator, being able to sell the US Treasury Bills such that it has funds to make such payments. The commodity indices to which the T-ETCs are linked may go down as well as up throughout the term of the T-ETCs. There can be no assurance of future performance of such commodity indices. The commodity indices replicate an actual investment in commodity contracts and therefore are affected by the need to roll the commodity contracts included in such index. As the contracts included in the commodity indices approach expiration, they are sold and contracts with a later expiration are purchased. This is known as rolling. If the price of the contracts being sold is higher than that of the contracts being purchased (a situation known as contango) and spot prices remain unchanged, this could result in negative performance of the relevant commodity index which could adversely affect the price of the T-ETCs. Futures exchanges have the potential to suffer from market disruption or suspension of trading. Such events could cause a delay in settlement of any subscription, buyback and/ or redemption process for the T-ETCs which may therefore adversely affect potential or existing holders of T-ETCs. Redemption amounts payable on
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the T-ETCs will be made in cash and holders will have no right to receive delivery of any index commodity. The derivative counterparties and their affiliates actively trade in physical commodities and derivative instruments on a wide variety of commodities including those that underlie the commodity indices to which T-ETCs are linked. This trading activity could adversely affect the value of the commodity indices and therefore the return on and the value of the T-ETCs. The GSCI marks are trademarks of Standard & Poors Financial Services LLC and have been licensed for use by Source. Key P-ETC disclaimer information This fact sheet contains a short summary description of the above mentioned Source Physical Gold ETC, Source Physical Silver P-ETC, Source Physical Platinum P-ETC and Source Physical Palladium P-ETC (the P-ETCs or the Certificates) and is for discussion purposes only. A complete description of the Certificates is set out in the prospectus of the above mentioned P-ETCs. This fact sheet is not for distribution to, or for the attention of, US or Canadian persons. The Base Prospectus documenting the issue of P-ETCs can be downloadable from www.source.info. Without limitation, this fact sheet does not constitute an offer or a recommendation to enter into any transaction. When making an investment decision, you should rely solely on the final documentation and any prospectus relating to the transaction and not this summary. Investment strategies involve numerous risks. Investors should consult their own business, tax, legal and accounting advisors with respect to this proposed transaction and they should refrain from entering into a transaction with us unless they have fully understood the associated risks and have independently determined that the transaction is appropriate for them. In no way should Source UK Services Limited (Source) be deemed to be holding itself out as a financial adviser or a fiduciary of the recipient hereof. An investment in the P-ETCs involves a significant degree of risk and investors should read carefully and ensure they understand the Risk Factors section of the Base Prospectus before deciding whether to invest in P-ETCs. Risks affecting an investment include: P-ETCs are not principal protected. Past performance is not an indication of expected performance and the investment performance of the P-ETCs could be volatile. The P-ETCs are limited recourse obligations which are payable solely out of the metal collateral which may be insufficient to cover amounts which would otherwise be payable under the P-ETCs. There can be no assurance that the continual issuance and repurchase and the role of authorised participants or market makers will be successful in minimising any tracking error between the price at which the P-ETCs trade on the exchanges and their value. The value of gold to which the P-ETCs are linked may go down as well as up throughout the term of the P-ETCs. There can be no assurance of future performance of such the underlying. Certificateholders only proprietary interest in the underlying gold is through certain security interests created by the issuer in favour of the trustee for the trustee itself and as trustee for the other secured creditors. This document has been communicated by Source UK Services Limited, 14th Floor, One Angel Court, London EC2R 7HJ, authorised and regulated by the Financial Services Authority. 2012 Source UK Services Limited. All rights reserved.

April 2012

14th Floor, One Angel Court London EC2R 7HJ T +44 (0)20 3370 1100 F +44 (0)20 3370 1101 E invest@source.info www.source.info
Authorised and Regulated by the Financial Services Authority