22 February 2018 Air Freight & Logistics XP0 Logistics Macroeconomic fluctuations often account for most of the risks associated with exposures to instruments that promise to pay fixed or

22 February 2018 Air Freight & Logistics XPO Logistics Appendix 1 Important Disclosures *Other information available upon request Disclosure checklist Company Ticker Recent price• D

22 February 2018 Air Freight & Logistics XP0 Logistics Taiwan: Information on securities/investments that trade in Taiwan is for your reference only. Readers should independently evaluate

& Staples Retailing 9.7% 7.0% Consumer Staples 21.0 20.5 Airlines Under - weight 10.2% 5.0% Industrials 16.4 16.1 7.3 8.3 Building Products Air Freight & Logistics Commercial Services & Supplies Professional Services Road & Rail Chemicals 3.0% 2.5% Materials 17.7 16.5 11.3 10.9 EFTA01476126 20.4 18.8

g 9.6% 8.5% Consumer Staples 20.6 20.1 Airlines Underweight 10.3% 8.5% EFTA01476319 Industrials 16.8 16.5 7.3 8.3 Building Products Air Freight & Logistics Commercial Services & Supplies Industrial Conglomerates Professional Services Road & Rail Chemicals 3.0% 2.6% Materials 17.9 16.7 24.2 18

g 9.6% 8.5% Consumer Staples 20.6 20.1 Airlines Underweight 10.3% 8.5% EFTA01476465 Industrials 16.8 16.5 7.3 8.3 Building Products Air Freight & Logistics Commercial Services & Supplies Industrial Conglomerates Professional Services Road & Rail Chemicals 3.0% 2.6% Materials 17.9 16.7 24.2 18