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The following service/trademarks are owned by their respective owners:
DIAMONDS®
Dow Jones®
The Dow®
The Dow 30SM
DJIA®
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Dow Jones U.S. Large Cap Growth Index
Dow Jones U.S. Large Cap Value Index
Dow Jones U.S. Small Cap Growth Index
Dow Jones U.S. Small Cap Value IndexDeutsche Bank Energy IndexSM
FLEX®
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HOlding Company Depositary ReceiptSSMInter@ctive Week Internet IndexSM
Internet Research NetWork™ is a trademark of CCH INCORPORATED
iShares COMEX® Gold Trust
iShares Dow Jones U.S. Total Market Index Fund
Dow Jones U.S. Total Market Index
iShares Dow Jones U.S. Basic Materials Sector Index Fund
iShares Dow Jones U.S. Chemical Sector Index Fund
iShares Dow Jones U.S. Consumer Cyclical Sector Index Fund
iShares Dow Jones U.S. Consumer Non-Cyclical Sector Index Fund
iShares Dow Jones U.S. Energy Sector Index Fund
iShares Dow Jones U.S. Financial Sector Index Fund
iShares Dow Jones U.S. Financial Services Sector Index Fund
iShares Dow Jones U.S. Healthcare Sector Index Fund
iShares Dow Jones U.S. Industrial Sector Index Fund
iShares Dow Jones U.S. Internet Sector Index Fund
iShares Dow Jones U.S. Real Estate Sector Index Fund
iShares Dow Jones U.S. Technology Sector Index Fund
iShares Dow Jones U.S. Telecommunications Sector Index Fund
iShares Dow Jones U.S. Utilities Sector Index Fund
iShares S&P 500 Index Fund™
iShares S&P 500/BARRA Growth Index Fund™
S&P 500/BARRA Growth Index™
iShares S&P 500/BARRA Value Index Fund™
S&P 500/BARRA Value Index™
iShares S&P MidCap 400 Index Fund™
S&P MidCap 400 Index™
iShares S&P MidCap 400/BARRA Growth Index Fund™
S&P MidCap 400/BARRA Growth Index™
iShares S&P SmallCap 600 Index Fund™
S&P SmallCap 600 Index™
iShares S&P SmallCap 600/BARRA Growth Index Fund™
S&P SmallCap 600/BARRA Growth Index™
iShares S&P SmallCap 600/BARRA Value Index Fund™
S&P SmallCap 600/BARRA Value Index™
iShares Russell 1000 Growth Index Fund™ -- based on the Russell 1000® Growth Index
iShares Russell 1000 Index Fund™ -- based on the Russell 1000® Index
iShares Russell 1000 Value Index Fund™ -- based on the Russell 1000® Value Index
iShares Russell 2000 Growth Index Fund™ -- based on the Russell 2000® Growth Index
iShares Russell 2000 Index Fund™ -- based on the Russell 2000® Index
iShares Russell 2000 Value Index Fund™ -- based on the Russell 2000® Value Index
iShares Russell 3000 Growth Index Fund™ -- based on the Russell 2000® Growth Index
iShares Russell 3000 Index Fund™ -- based on the Russell 3000® Index
iShares Russell 3000 Value Index Fund™ -- based on the Russell 3000® Value Index
iShares Russell Midcap Index Fund™ -- based on the Russell Midcap® Index
iShares Russell Midcap Growth Index Fund™ -- based on the Russell Midcap® Growth Index
iShares Russell Midcap Value Index Fund™ -- based on the Russell Midcap® Value Index
iShares Cohen & Steers Major Realty Index FundLEAPS®
Long-term Equity AnticiPation Securities®Merrill Lynch Nanotech Index
Morgan Stanley Commodity Related Equity Index
Morgan Stanley Consumer Index
Morgan Stanley Cyclical Index
Morgan Stanley Internet Index
Morgan Stanley Technology IndexThe Nasdaq Stock Market®
Nasdaq®
Nasdaq National Market®
Nasdaq-100®
Nasdaq-100 Index®
Nasdaq Biotechnology Index®
Nasdaq-100 TrustSM
Nasdaq-100 Index Tracking StockSMSelect Sector SPDR
Select Sector SPDR® Funds
Select Sector SPDRs
Select Sector Standard & Poor's Depositary Receipts
The Basic Industries Select Sector SPDR Fund
The Consumer Services Select Sector SPDR Fund
The Consumer Staples Select Sector SPDR Fund
The Cyclical/Transportation Select Sector SPDR Fund
The Energy Select Sector SPDR Fund
The Financial Select Sector SPDR Fund
The Industrial Select Sector SPDR Fund
The Technology Select Sector SPDR Fund
The Utilities Select Sector SPDR FundRydex Russell Top 50 ETF
Rydex S&P Equal Weight ETFStandard & Poor's®
S&P®
S&P 500®
Standard & Poor's Depositary Receipts®
SPDRs®
Standard & Poor's 500 Composite Stock Price Index
S&P 500 Index
S&P MidCap 400 Index™
Standard & Poor's MidCap 400 Depositary Receipts™
MidCap SPDRs™streetTRACKS®
SPDR® Dow Jones Global Titans 50 Index Fund
SPDR® Dow Jones U.S. Large Cap Growth Index Fund
SPDR® Dow Jones U.S. Large Cap Value Index Fund
SPDR® Dow Jones U.S. Small Cap Growth Index Fund
SPDR® Dow Jones U.S. Small Cap Value Index FundVanguard® Consumer Discretionary ETF
Vanguard® Consumer Staples ETF
Vanguard® Dividend Appreciation ETF
Vanguard® Emerging Markets ETF
Vanguard® Energy ETF
Vanguard® European ETF
Vanguard® Extended Market ETF
Vanguard® Financials ETF
Vanguard® Growth ETF
Vanguard® Health Care ETF
Vanguard® Industrials ETF
Vanguard® Information Technology ETF
Vanguard® Large-Cap ETF
Vanguard® Materials ETF
Vanguard® Mid-Cap ETF
Vanguard® Pacific ETF
Vanguard® REIT ETFs
Vanguard® Small-Cap Growth ETF
Vanguard® Small-Cap ETF
Vanguard® Small-Cap Value ETF
Vanguard® Telecommunication Services ETF
Vanguard® Total Stock Market ETF
Vanguard® Utilities ETF
Vanguard® Value ETFWilshire REIT Index Fund
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Commodity Exchange Terms and Conditions
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Interactive Data Corporation (IDC) Terms and Conditions
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Interactive Data Real-time Services Terms and Conditions
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Chicago Mercantile Exchange (CME) Inc Terms and Conditions
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The Deutsche Bank AG CROCI® US + Index™ Terms and Conditions
The Deutsche Bank AG CROCI® US + Index™ (the "Index") was created by, and is a trademark of, Deutsche Bank AG ("Index Provider") and has been licensed for use by the American Stock Exchange LLC. Index Provider Index Products traded on the Amex that are based on the Index are not sponsored by Index Provider and Index Provider does not guarantee the accuracy or completeness of the Index, or the results to be obtained by any person from the use of the Index or the trading of Index Provider Index products.
Dow Jones Terms and Conditions
The Dow Jones Indexes are compiled, calculated and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones Indexes © Dow Jones & Company, Inc.
Merrill Lynch Terms and Conditions
The Merrill Lynch Nanotech Index (the "Index") was created by, and is a trademark of, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Index Provider") and has been licensed for dissemination by the American Stock Exchange LLC. Index Provider does not guarantee the accuracy or completeness of the Index, or the results to be obtained by any person from the use of the Index.
Morgan Stanley Terms and Conditions
The Morgan Stanley indexes are the exclusive property of Morgan Stanley & Co. Incorporated or its affiliates ("Morgan Stanley"). Without limiting the generality of the foregoing, Morgan Stanley has and retains all proprietary rights to the Morgan Stanley indexes, including without limitation all trademark and copyright rights, as well as rights against misappropriation. Morgan Stanley and the Morgan Stanley indexes are service mark(s) of Morgan Stanley and have been licensed for use for certain purposes by the American Stock Exchange LLC ("Amex"). Any financial securities referred to herein or related to or based on the Morgan Stanley indexes ("Financial Product") have not been passed on by Morgan Stanley or any party involved in, or related to, making or compiling any Morgan Stanley index (collectively and individually an "Index Party") as to their legality or suitability with respect to any person or entity, and are not issued, sponsored, endorsed, managed or promoted by any Index Party, none of which makes any representations or warranties or bears any liability with respect to or in connection with any Morgan Stanley index, any Financial Product or the trading of any Financial Product. No Index Party makes any representation or warranty, express or implied, to the owners of any Financial Product or any other person or entity including, without limitation, representations and/or warranties regarding (i) originality, accuracy, and/or completeness of any Morgan Stanley index; (ii) the advisability of investing in financial securities generally or any Financial Product particularly, (iii) the ability of any Morgan Stanley index or any Financial Product to track corresponding stock market performance or (iv) results to be obtained in connection with use of the Morgan Stanley indexes or any Financial Product. The Morgan Stanley indexes are determined, composed and calculated by Amex, either alone or in consultation with Morgan Stanley, without regard to any Financial Product or the issuer or owner of any Financial Product. No Index Party has any obligation to take the needs of the issuer or owners of any Financial Product or any other person or entity into consideration in determining, composing or calculating the Morgan Stanley indexes. No assurance can be given that Amex will continue to calculate the Morgan Stanley indexes or that Morgan Stanley will continue to provide consultation, where applicable. Further, no Index Party is responsible for or has participated in the determination of the timing of, prices at, or quantities of any Financial Product to be issued or in the determination or calculation of the equation by which any Financial Product is redeemable for cash. Morgan Stanley may make markets in or specialize in, publish research on, have proprietary positions in and effect transactions on a principal basis in any Financial Product (or any securities underlying the Financial Product) and may also perform or seek to perform investment banking or other services for the issuers of any securities underlying the Financial Product. In no event shall Morgan Stanley or any Index Party have any liability to any person for any damages of any kind arising out of, or in connection with, any Morgan Stanley index or any Financial Product, whether direct, indirect, special, punitive, consequential (including, without limitation, lost profits) or any other damages, whether in tort (including, without limitation, negligence or strict liability), contract or otherwise, and whether or not Morgan Stanley or any Index Party has been notified of, or otherwise might have anticipated, the possibility of such damages. No purchaser, seller or holder of any Financial Product, or any other person or entity, should use or refer to any Morgan Stanley trade name, trademark or service mark to sponsor, endorse, market or promote any Morgan Stanley index or any Financial Product without first contacting Morgan Stanley to determine whether Morgan Stanley's permission is required. Under no circumstances may any person or entity claim any affiliation with Morgan Stanley without the prior written permission of Morgan Stanley.
SPADE Defense Index™ Terms and Conditions
The SPADE Defense Index™ (the "Index") was created by, and is a trademark of, International Space Business Council (the "Index Provider") and has been licensed for use by the American Stock Exchange LLC. Products traded on the Amex that are based on the Index are not sponsored by Index Provider and Index Provider does not guarantee the accuracy or completeness of the Index, or the results to be obtained by any person from the use of the Index or the trading of Index Provider Index products.
WilderHill Clean Energy IndexSM Terms and Conditions
The WilderHill Clean Energy IndexSM (the "Index") was created by, and is a trademark of, WilderShares, LLC ("Index Provider") and has been licensed for use by the American Stock Exchange LLC. Products traded on the Amex that are based on the Index are not sponsored by Index Provider and Index Provider does not guarantee the accuracy or completeness of the Index, or the results to be obtained by any person from the use of the Index or the trading of the products.
Options Disclaimer
This website discusses exchange-traded options issued by The Options Clearing Corporation (OCC), including but not limited to equity options, stock index options, options on exchange-traded funds and trust issued receipts. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (ODD). Copies of the ODD and OCC Prospectus are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be fully reflected in the website information. No statement within the website should be construed as a recommendation to buy or sell a security or to provide investment advice. The inclusion of non-Amex materials on the website should not be construed as an endorsement or an indication of the value of any product, service, or website.
Exchange Traded Fund Disclaimer
Exchange traded funds are subject to risks similar to those of stocks. Investment returns will fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost. Investments in foreign investments may incur greater risks than domestic investments. Past performance is no guarantee of future results. This information is not an offer to sell nor a solicitation to buy securities in any state where such offer is not permitted.
Investors may obtain prospectuses for Amex-traded exchange traded funds. Investors should consider investment objectives, risks, charges, and expenses of the investment company carefully before investing. To obtain a prospectus, which contains this and other information, on DB Commodity Index Tracking Fund, DIAMONDS, MidCap SPDRs, PowerShares, Select Sector SPDRs, and SPDRs call 1-800-THE-AMEX (1-800-843-2639). For First Trust Portfolios the toll-free number is 1-800-621-1675. For all iShares the toll-free number is 1-800-iShares (1-800-474-2737). For Claymore ETFs the toll-free number is 1-800-345-7999. For ProShares the toll-free number is 1-866-PRO-5125. For Rydex ETFs the toll-free number is 1-800-207-3390. For all SPDR Funds the toll-free number is 1-866-787-2257. For United States Oil Fund the toll-free number is 1-800-920-0259. For Market Vector ETFs the toll-free number is 1-888-MKT-VCTR (1-888-658-8287). For Vanguard VIPERs the toll-free number is 1-866-499-VIPER (1-866-499-8473). Or click here for a prospectus. Read a prospectus carefully before investing.
ALPS Distributors, Inc., a registered broker-dealer, is the distributor for DB Commodity Index Tracking Fund, DIAMONDS, MidCap SPDRs, Nasdaq-100 Index Tracking Stock, PowerShares, Select Sector SPDRs, and SPDRs. Claymore Securities, Inc., a registered broker-dealer, is distributor for the Claymore ETFs. First Trust Portfolios L.P., a registered broker-dealer, is distributor for the First Trust ETFs. ProShares and iShares are distributed by SEI Investments Distribution Co. Barclays Global Fund Advisors serves as an advisor to iShares and is a subsidiary of Barclays Global Investors, N.A., neither of which is affiliated with SEI. Rydex Distributors Inc., a registered broker-dealer, is distributor for Rydex ETFs. State Street Global Markets, LLC, is distributor for SPDR Funds. Market Vector ETFs are distributed by Van Eck Securities Corp. Vanguard VIPERs are distributed by Vanguard Marketing Corporation.
Claymore Securities, Inc., a registered broker-dealer, is distributor for the Claymore ETFs. The “Zacks Yield Hog Index” and “Zacks Sector Rotation Index” are trademarks of Zacks. The Funds are not sponsored, endorsed, sold or promoted by Zacks and Zacks makes no representation regarding the advisability of investing in the Funds. The “BNY BRIC Index” is a trademark of BNY. The Fund is not sponsored, endorsed, sold or promoted by BNY and BNY makes no representation regarding the advisability of investing in the Fund. The "Sabrient Insider Index™" and "Sabrient Stealth Index™" are trademarks of Sabrient. The Funds are not sponsored, endorsed, sold or promoted by Sabrient and Sabrient makes no representation regarding the advisability of investing in the Funds.
"Dow Jones®," and "The Dow Jones Select MicroCap IndexSM," are trademarks of Dow Jones & Company, Inc. ("Dow Jones") and have been licensed for use for certain purposes by First Trust on behalf of the First Trust Dow Jones Select MicroCap Index Fund. The Fund, based on The Dow Jones Select MicroCap Index,SM is not sponsored, endorsed, sold, or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in such product.
"Dow Jones®," "The Dow®," "Dow Jones Industrial AverageSM," "DJIA®" and "DIAMONDS®" are trade/service marks of Dow Jones & Company, Inc. ("Dow Jones") and have been licensed for use for certain purposes by the American Stock Exchange LLC and PDR Services LLC pursuant to a License Agreement with Dow Jones. The DIAMONDS Trust, based on the DJIA, is not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in the DIAMONDS Trust.
First Trust Portfolios L.P., a registered broker-dealer, is distributor for the First Trust ETFs."Dow Jones" and "The Dow Jones Internet Index" and "The Dow Jones Select MicroCap IndexSM" are trademarks of Dow Jones & Company, Inc. ("Dow Jones") and have been licensed for use for certain purposes by First Trust on behalf of the ETFs. The ETFs are not sponsored, endorsed, sold, or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in such products.
Some iShares may not yet be available; please consult your financial advisor. There are risks involved with investing, including loss of principal. In addition to the normal risks associated with equity investing and investing in fixed income securities, narrowly focused investments typically exhibit higher volatility. Products of companies in which technology funds invest may be subject to severe competition and rapid obsolescence. REIT investments include illiquidity and interest rate risk. iShares are not sponsored, endorsed, sold or promoted by Standard & Poor's, Dow Jones & Company, Frank Russell Company, Cohen & Steers Capital Management, Inc., The Nasdaq Stock Market, Inc., Goldman, Sachs & Co., Morgan Stanley Capital International Inc., Lehman Brothers, or Commodity Exchange, Inc. Nor do these companies make any representation regarding the advisability of investing in iShares. iShares are distributed by SEI Investments Distribution Co. Barclays Global Fund Advisors serves as an advisor to iShares and is a subsidiary of Barclays Global Investors, N.A., neither of which is affiliated with SEI. iShares is a service mark of Barclays Global Investors, N.A. Nasdaq is a registered service/trademark of The Nasdaq Stock Market, Inc. and has been licensed for use by Barclays Global Investors, N.A. TSE is a registered trademark of The Toronto Stock Exchange. All other trademarks, service marks or registered trademarks are the property of their respective owners. Not FDIC insured. Have no bank guarantee. May lose value.
The Nasdaq Stock Market®, Nasdaq®, Nasdaq National Market®, Nasdaq-100®, Nasdaq-100 Index®, are registered service/trademarks of The Nasdaq Stock Market, Inc. The logos identifying Nasdaq indexes and products are service/trademarks of The Nasdaq Stock Market, Inc. Nasdaq symbols are proprietary to The Nasdaq Stock Market, Inc. "Nasdaq" and related marks of Nasdaq have been licensed for use for certain purposes by Nasdaq Financial Products Services, Inc. The sponsor of the Nasdaq-100 TrustSM, a unit investment trust, Nasdaq Financial Products Services, Inc., is a wholly owned subsidiary of The Nasdaq Stock Market, Inc. ("Nasdaq," and collectively with its affiliates except Nasdaq Financial Products Services, Inc., the "Corporations"). While there is no assurance that the performance of the Nasdaq-100 Index can be fully matched, the Nasdaq-100 Index Tracking StockSM is designed to provide investment results that generally correspond to the performance of the Nasdaq-100 Index. The Nasdaq-100 Index is composed and calculated by Nasdaq without regard to Nasdaq-100 Index Tracking Stock. The Corporations make no warranty, express or implied, and bear no liability with respect to Nasdaq-100 Index Tracking Stock. The Corporations and Nasdaq Financial Products Services, Inc. make no warranty, express or implied, and bear no liability with respect to the Nasdaq-100 Index, its use or any data included therein.
"Standard & Poor's®," "S&P®," "S&P 500®," “Standard & Poor's 500,” “500,” "Standard & Poor's Depositary Receipts," "SPDR®," “SPDRsSM,” "Standard & Poor's MidCap 400 Depositary Receipts," "Standard & Poor's MidCap 400 Index™," "S&P MidCap 400 Index™," "MidCap SPDRs," "Select Sector SPDR®," “Select Sector SPDRs®,” and "Select Sector Standard & Poor's Depositary Receipts" are trademarks of The McGraw-Hill Companies, Inc., and have been licensed for use by PDR Services LLC and the American Stock Exchange LLC in connection with the listing and trading of SPDRs, MidCap SPDRs and Select Sector SPDRs on the Amex. These products are not sponsored, sold or endorsed by Standard & Poor's, ("S&P"), a division of The McGraw-Hill Companies, Inc., and S&P makes no representation regarding the advisability of investing in them. The stocks included in each Select Sector Index (upon which the Select Sector SPDR Funds are based) were selected by the index compilation agent in consultation with S&P from the universe of companies represented by the S&P 500 Index. The composition and weighting of the stocks included in each Select Sector Index can be expected to differ from the composition and weighting of stocks included in any similar S&P 500 sector index that is published and disseminated by S&P.
Shares of the SPDR Funds are not insured by the FDIC or by another governmental agency; they are not obligations of the FDIC nor are they deposits or obligations of or guaranteed by State Street Bank and Trust Company. The SPDR Funds pay State Street Bank and Trust Company for its services as investment advisor, administrator, custodian, transfer agent and shareholder servicing agent. The investment return and principal value of an investment in the SPDR Funds will fluctuate in value, so that when shares are sold or redeemed they may be worth more or less than when they were purchased. In addition to the normal risks associated with equity investing, narrowly focused investments and investments in smaller companies typically exhibit higher volatility. International investments may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Although SPDR Funds may be bought and sold on an exchange through any brokerage account, SPDR Funds are not individually redeemable from the Fund. Investors may acquire SPDR Funds and tender them for redemption through the Fund in Creation Unit Aggregations only. SPDR Funds are not sponsored, endorsed, sold, or promoted by Standard & Poor's, Dow Jones & Company, Morgan Stanley Dean Witter and Wilshire Associates. Neither do these companies make any representation regarding the advisability of investing in SPDR Funds.
The Morgan Stanley indexes are the exclusive property of Morgan Stanley & Co. Incorporated or its affiliates ("Morgan Stanley"). Without limiting the generality of the foregoing, Morgan Stanley has and retains all proprietary rights to the Morgan Stanley indexes, including without limitation all trademark and copyright rights, as well as rights against misappropriation. Morgan Stanley and the Morgan Stanley indexes are service mark(s) of Morgan Stanley and have been licensed for use for certain purposes by the American Stock Exchange LLC ("Amex"). Any financial securities referred to herein or related to or based on the Morgan Stanley indexes ("Financial Product") have not been passed on by Morgan Stanley or any party involved in, or related to, making or compiling any Morgan Stanley index (collectively and individually an "Index Party") as to their legality or suitability with respect to any person or entity, and are not issued, sponsored, endorsed, managed or promoted by any Index Party, none of which makes any representations or warranties or bears any liability with respect to or in connection with any Morgan Stanley index, any Financial Product or the trading of any Financial Product . No Index Party makes any representation or warranty, express or implied, to the owners of any Financial Product or any other person or entity including, without limitation, representations and/or warranties regarding (i) originality, accuracy, and/or completeness of any Morgan Stanley index; (ii) the advisability of investing in financial securities generally or any Financial Product particularly, (iii) the ability of any Morgan Stanley index or any Financial Product to track corresponding stock market performance or (iv) results to be obtained in connection with use of the Morgan Stanley indexes or any Financial Product. The Morgan Stanley indexes are determined, composed and calculated by Amex, either alone or in consultation with Morgan Stanley, without regard to any Financial Product or the issuer or owner of any Financial Product. No Index Party has any obligation to take the needs of the issuer or owners of any Financial Product or any other person or entity into consideration in determining, composing or calculating the Morgan Stanley indexes. No assurance can be given that Amex will continue to calculate the Morgan Stanley indexes or that Morgan Stanley will continue to provide consultation, where applicable. Further, no Index Party is responsible for or has participated in the determination of the timing of, prices at, or quantities of any Financial Product to be issued or in the determination or calculation of the equation by which any Financial Product is redeemable for cash. Morgan Stanley may make markets in or specialize in, publish research on, have proprietary positions in and effect transactions on a principal basis in any Financial Product and may also perform or seek to perform brokerage and other services for the issuers or sponsors of any Financial Product and may enter into transactions with them. Morgan Stanley participates in the creation and redemption of certain Financial Products and, as an authorized participant or otherwise, acquires such Financial Products from the issuers for the purpose of resale. The prospectus for each Financial Product that is an exchange traded fund contains a more detailed description of the limited relationship Morgan Stanley has with the fund and is available from the distributor for each fund. The distributor for the SPDR Funds exchange traded funds is State Street Global Markets, LLC. In no event shall Morgan Stanley or any Index Party have any liability to any person for any damages of any kind arising out of, or in connection with, any Morgan Stanley index or any Financial Product, whether direct, indirect, special, punitive, consequential (including, without limitation, lost profits) or any other damages, whether in tort (including, without limitation, negligence or strict liability), contract or otherwise, and whether or not Morgan Stanley or any Index Party has been notified of, or otherwise might have anticipated, the possibility of such damages. No purchaser, seller or holder of any Financial Product, or any other person or entity, should use or refer to any Morgan Stanley trade name, trademark or service mark to sponsor, endorse, market or promote any Morgan Stanley index or any Financial Product without first contacting Morgan Stanley to determine whether Morgan Stanley's permission is required. Under no circumstances may any person or entity claim any affiliation with Morgan Stanley without the prior written permission of Morgan Stanley.
FORTUNE 500® Index and FORTUNE E-50® Index are trademarks of FORTUNE, a division of Time Inc. FORTUNE makes no warranty as to the accuracy and/or completeness of the indexes or the data included therein or the results to be obtained by any person for the use of the indexes or the data included therein. The indexes are determined and calculated by FORTUNE without regard to the American Stock Exchange.
AIM Distributors, Inc., a registered broker-dealer, is distributor for PowerShares Exchange Traded Fund Trust, all index funds. PowerShares may be purchased or sold throughout the day through any brokerage account, which will result in typical brokerage commissions. However, only authorized participants may create or redeem PowerShares directly from the Fund, in large block creation/redemption units. PowerShares are obligated to distribute portfolio gains to shareholders and trading PowerShares may generate tax consequences. Investors should consult a tax advisor. PowerShares and XTF are trademarks of PowerShares Capital Management, LLC. Intellidex is a service mark of the Amex. PowerShares products are not sponsored, or endorsed by the Amex and the Amex makes no warranty or representation as to the accuracy and/or completeness of the Indexes or the results to be obtained by any person from the use of the Indexes or the trading of PowerShares products.
ProShares are distributed by SEI Investments Distribution Co. and are brought to investors by The ProFunds Group. In addition to the normal risks associated with investing, ProShares entail certain risks, including, in all or some cases, aggressive investment technique, inverse correlation, leverage, market price variance and short sale risks. These risks can increase volatility and decrease performance. Please see the prospectus for a more complete description of these risks. "QQQ®" is a trademark of the NASDAQ Stock Market. "S&P 500®" Index and S&P MidCap 400 Index are trademarks of The McGraw-Hill Companies, Inc. "Dow 30" is a service mark of Dow Jones & Company, Inc. All have been licensed for use by ProShares. "ProFunds Group" describes the portfolio managers common to ProFund Advisors LLC, advisor to ProFunds mutual funds, and ProShare Advisors LLC, advisor to ProShares ETFs.
Rydex Distributors Inc., a registered broker-dealer, is distributor for Rydex S&P 500 Equal Weight ETF and Rydex Russell Top 50 ETF, both index funds. The investment return and principal value of an investment in the funds will fluctuate in value, so that when shares are sold or redeemed they may be more or less than when they were purchased. In general, the funds can be expected to move up or down with the value of their respective benchmark indexes. Shares can be bought or sold throughout the day through any brokerage account. However, shares may only be redeemed directly from the funds by Authorized Participants in very large creation/redemption units. See the prospectuses for more details. Shares of the funds are not deposits of, or guaranteed by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board or any other agency and involve risk, including the possible loss of the principal amount invested. Standard & Poor's® and S&P 500 Equal Weight Index are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Rydex Global Advisors, Inc. and its affiliates. The Rydex S&P 500 Equal Weight ETF is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in the Rydex S&P 500 Equal Weight ETF. The Russell Top 50 Index is a trademark of Frank Russell Company and have been licensed for use by Rydex Global Advisors, Inc. The Rydex Russell Top 50 ETF is 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.
The United States Oil Fund, LP is a commodity pool designed to reflect the performance of the price of West Texas Intermediate light, sweet crude oil delivered to Cushing, Oklahoma, less expenses. USO is not a mutual fund registered under the investment Company Act of 1940 and is not subject to regulation under such Act. Victoria Bay Asset Management, LLC is the advisor and sponsor of the fund. Brown Brothers Harriman & Co. is the administrator and custodian of the fund.
Van Eck Securities Corporation is distributor for Market Vector ETFs. The Amex Gold Miners Index, Amex Steel Index and Amex Environmental Index are trademarks of the American Stock Exchange LLC (Amex) which are licensed for use by Van Eck Associates Corporation in connection with the Market Vector ETFs. The Market Vector ETFs are not sponsored, or endorsed by the Amex and the Amex makes no warranty or representation as to the accuracy and/or completeness of the Index or the results to be obtained by any person from the use of the Index in connection with the trading of the Market Vector ETFs.
Vanguard® ETFs can be purchased and sold only through a broker at market prices, which may be more or less than net asset value. Your broker may charge a commission. Vanguard ETFs cannot be redeemed directly with the issuing fund.