Dow Jones Industrial AverageTM Fact Sheet

[Pages:14]Dow Jones Industrial AverageTM

Fact Sheet

Stated Objective

To represent large and well-known U.S. companies. Covers all industries with the exception of Transportation and Utilities.

Key Features

-- The index is maintained by the Averages Committee. -- Components are added and deleted on an as-needed basis. For the sake of continuity, such changes are rare, and typically occur

following corporate acquisitions or other significant changes in a component company's core business. When one component is replaced, all of them are reviewed. -- While stock selection is not governed by quantitative rules, a stock typically is added only if the company has an excellent reputation, demonstrates sustained growth and is of interest to a large number of investors. Maintaining adequate sector representation within the index is also a consideration in the selection process. -- The index is price weighted. -- The Dow Jones Industrial AverageTM was first calculated on May 26, 1896.

Descriptive Statistics

Market Capitalization (Billions)

Component

Currency Number

Full

FloatAdjusted

Mean

Median Largest

USD

30

5,948.9

5,757.4

191.9

163.6

730.5

Data calculated as of end of February, 2017. Mean, median, largest component and smallest component values are based on float-adjusted market capitalization.

Smallest

34.7

Performance

Total Return (%)

Annualized Total Return (%)

Currency 1-Month 3-Month YTD

2016

1-Year 3-Year 5-Year 10-Year

USD

5.17

9.46

5.82

16.50

29.33

11.18

12.77

8.25

Source: S&P Dow Jones Indices LLC and/or its affiliates. Data as of end of February, 2017. Index performance based on total return USD. Charts and graphs are provided for illustrative purposes. Past performance is no guarantee of future results.

Fundamentals

P/E (Including Negative) P/E (Excluding Negative)

Trailing

Projected

Trailing

Projected

20.55

17.32

19.09

17.32

Data calculated in USD as of end of February, 2017.

P/B Indicated Dividend Yield P/Sales P/Cash Flow

3.59

2.42

2.08

13.87

Dow Jones Industrial AverageTM

Fact Sheet

Symbols

Suggested Symbol ISIN Bloomberg Bridge Comstock Reuters Thomson Thomson GlobalTopic Telekurs

Total Return USD

DJITR N/A DJITR US&ITR DJITR .DJITR .DINDR N/A DJITR

Price Return USD

DJI US2605661048

DJI US&DJI

INDU .DJI .INDU DJIA.CT DJI

Sector Allocation

Financials 20.69%

Industrials 19.93%

Consumer Services 14.93%

Technology 14.85%

Health Care 12.75%

Oil & Gas

6.38%

Consumer Goods

6.26%

Basic Materials

2.58%

Telecommunications

1.63%

Data calculated in USD as of end of February, 2017.

Sectors are based on the ten industries defined by the proprietary classification system as described at

Top Components

Company

Goldman Sachs Group Inc

3M Co

Country

United States

United States

ISIN/Ticker

GS

MMM

Boeing Co

United States

Intl Business Machines Corp

United States

Unitedhealth Group Inc

United States

Home Depot Inc

United States

Apple Inc.

United States

McDonald's Corp

United States

Travelers Cos Inc

United States

Johnson & Johnson

United States

Copyright ? 2017 S&P Dow Jones Indices LLC, a division of S&P Global.

BA

IBM UNH HD AAPL MCD TRV JNJ

Industry

Financials

Industrials

Industrials

Technology Health Care Consumer Services Technology Consumer Services Financials Health Care

Supersector

Financial Services Industrial Goods &

Services Industrial Goods &

Services Technology Health Care

Retail Technology Travel & Leisure Insurance Health Care

Weight (%)

8.16%

6.13%

5.93%

5.92% 5.44% 4.77% 4.51% 4.20% 4.02% 4.02%

Dow Jones Industrial AverageTM

Fact Sheet

Quick Facts

Component Number Weighting Review Frequency Base Value/Base Date Calculation Frequency

Dividend Treatment

Estimated Back-Tested History Availability Launch Date

30 Price-weighted As needed 40.94 as of 5/26/1896 Every 2 seconds during U.S. stock exchange trading hours Price return and total return versions are available. The total return version of the index is calculated with gross dividends reinvested.

Available back to May 26, 1896

May 26, 1896

For more information on the Dow Jones Industrial AverageTM, email index_services@ or call Americas +1.212.438.2046 | Asia +86.10.6569.2770 | EMEA : +44.20.7176.8888 Learn more at .

Dow Jones Industrial AverageTM

Fact Sheet All information as of end of February, 2017 Source: S&P Dow Jones Indices LLC, a division of S&P Global. The launch date of the Dow Jones Industrial AverageTM was May 26, 1896. All information presented prior to the index launch date is back-tested. Back-tested performance is not actual performance, but is hypothetical. The back-test calculations are based on the same methodology that was in effect when the index was officially launched. Past performance is not an indication or guarantee of future results. Please see the Performance Disclosure at for more information regarding the inherent limitations associated with back-tested performance. Copyright ? 2017 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission. STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a division of S&P Global ("S&P"); DOW JONES is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective affiliates, and their third-party data providers and licensors (collectively "S&P Dow Jones Indices Parties") makes no representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and S&P Dow Jones Indices Parties shall have no liability for any errors, omissions, or interruptions of any index or the data included therein. Past performance of an index is not an indication or guarantee of future results. This document does not constitute an offer of any services. All information provided by S&P Dow Jones Indices is general in nature and not tailored to the needs of any person, entity or group of persons. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties and providing custom calculation services. It is not possible to invest directly in an index. Exposure to an asset class represented by an index may be available through investable instruments offered by third parties that are based on that index. S&P Dow Jones Indices Parties do not sponsor, endorse, sell, promote or manage any investment fund or other investment product or vehicle that seeks to provide an investment return based on the performance of any Index. S&P Dow Jones Indices LLC is not an investment or tax advisor. S&P Dow Jones Indices Parties make no representation regarding the advisability of investing in any such investment fund or other investment product or vehicle. A tax advisor should be consulted to evaluate the impact of any tax-exempt securities on portfolios and the tax consequences of making any particular investment decision. Credit-related information and other analyses, including ratings, are generally provided by licensors and/or affiliates of S&P Dow Jones Indices, including but not limited to S&P Global's other divisions such as Standard & Poor's Financial Services LLC and S&P Capital IQ LLC. Any credit-related information and other related analyses and statements are opinions as of the date they are expressed and are not statements of fact. S&P Dow Jones Indices LLC is analytically separate and independent from any other analytical department. For more information on any of our indices please visit .

Ed 03-03-17, FACT-21-33-022817

Equity S&P 500?

Description

The S&P 500? is widely regarded as the best single gauge of large-cap U.S. equities. There is over USD 7.8 trillion benchmarked to the index, with index assets comprising approximately USD 2.2 trillion of this total. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

Index Attributes

Created in 1957, the S&P 500 was the first U.S. market-cap-weighted stock market index. Today, it's the basis of many listed and over-the-counter investment instruments. This world-renowned index includes 500 of the top companies in leading industries of the U.S. economy.

The S&P 500 is part of a series of S&P Dow Jones U.S. equity indices that can be used as mutually exclusive building blocks; the index does not overlap holdings with the S&P MidCap 400? or S&P SmallCap 600?. Together, they constitute the S&P Composite 1500?.

Methodology Construction

? Universe. All constituents must be U.S. companies. ? Eligibility Market Cap. Companies with market cap of USD 5.3 billion or greater. ? Public Float. At least 50% of shares outstanding must be available for trading. ? Financial Viability. Companies must have positive as-reported earnings over the most recent quarter, as well as over

the most recent four quarters (summed together).

? Adequate Liquidity and Reasonable Price. Consists of highly tradable common stocks, with active and deep

markets.

Quick Facts

WEIGHTING METHOD

Float-adjusted market cap weighted

REBALANCING FREQUENCY

Quarterly, after the close on the third Friday of the quarter-ending month

CALCULATION FREQUENCY

Real time

CALCULATION CURRENCIES

USD, AUD, BRL, CAD, CHF, EUR, GBP, HKD, JPY, MXN, SGD

LAUNCH DATE

March 4, 1957

For more information, including the complete methodology document, please visit:

All information for an index prior to its Launch Date is back-tested, based on the methodology that was in effect on the Launch Date. Back-tested performance, which is hypothetical and not actual performance, is subject to inherent limitations because it reflects application of an Index methodology and selection of index constituents in hindsight. No theoretical approach can take into account all of the factors in the markets in general and the impact of decisions that might have been made during the actual operation of an index. Actual returns may differ from, and be lower than, back-tested returns.

AS OF FEBRUARY 28, 2017



index_services@

BLOOMBERGSM SPX

Historical Performance

Equity S&P 500?

S&P 500

Performance

INDEX LEVEL

TOTAL RETURNS 4,532.93

PRICE RETURNS 2,363.64

NET TOTAL RETURNS 4,083.43

1 MO 3.97% 3.72% 3.90%

RETURNS 3 MOS 8.04% 7.50% 7.87%

Calendar Year Performance

2016

2015

TOTAL RETURNS

11.96%

1.38%

PRICE RETURNS

9.54%

-0.73%

NET TOTAL RETURNS

11.23%

0.75%

2014 13.69% 11.39% 12.99%

2013 32.39% 29.60% 31.55%

YTD 5.94% 5.57% 5.83%

ANNUALIZED RETURNS

1 YR

3 YRS

5 YRS

24.98%

10.63%

14.01%

22.33%

8.33%

11.60%

24.17%

9.94%

13.28%

2012

2011

2010

2009

2008

16.00%

2.11%

15.06%

26.46%

-37.00%

13.41%

0%

12.78%

23.45%

-38.49%

15.22%

1.47%

14.37%

25.55%

-37.45%

10 YRS 7.62% 5.33% 6.92%

2007 5.49% 3.53% 4.90%

AS OF FEBRUARY 28, 2017



index_services@

BLOOMBERGSM SPX

Equity S&P 500?

Risk

3 YRS

ANNUALIZED RISK 5 YRS

10 YRS

ANNUALIZED RISK-ADJUSTED RETURNS

3 YRS

5 YRS

STD DEV

10.40%

10.24%

15.30%

1.02

1.37

Risk is defined as standard deviation calculated based on total returns using monthly values.

10 YRS 0.50

Fundamentals

P/E [TRAILING]

P/E [PROJECTED]

P/B INDICATED DIV YIELD

P/SALES

P/CASH FLOW

24.34

18.11

2.82

2.02%

1.90

16.34

P/E (Projected) and Indicated Dividend Yield are as of February 28, 2017; P/E (Trailing), P/B, P/Sales, and P/Cash Flow are as of September 30, 2016. Fundamentals are updated on approximately the fifth business day of each month.

Index Characteristics

NUMBER OF CONSTITUENTS CONSTITUENT MARKET CAP [USD MILLION]

MEAN TOTAL MARKET CAP LARGEST TOTAL MARKET CAP SMALLEST TOTAL MARKET CAP MEDIAN TOTAL MARKET CAP WEIGHT LARGEST CONSTITUENT [%] WEIGHT TOP 10 CONSTITUENTS [%]

505

42,280.21 730,473.56

2,533.75 20,141.35

3.6 18.3

Top 10 Constituents By Index Weight

CONSTITUENT Apple Inc. Microsoft Corp Exxon Mobil Corp Inc Johnson & Johnson Berkshire Hathaway B JP Morgan Chase & Co Facebook Inc A General Electric Co Wells Fargo & Co

*Based on GICS? sectors

SYMBOL AAPL MSFT XOM AMZN JNJ BRK.B JPM FB GE WFC

SECTOR* Information Technology Information Technology Energy Consumer Discretionary Health Care Financials Financials Information Technology Industrials Financials

AS OF FEBRUARY 28, 2017



index_services@

BLOOMBERGSM SPX

Sector* Breakdown

Equity S&P 500?

*Based on GICS? sectors The weightings for each sector of the index are rounded to the nearest tenth of a percent; therefore, the aggregate weights for the index may not equal 100%.

Country Breakdown

COUNTRY United States Based on index constituents' country of domicile.

Tickers

NUMBER OF CONSTITUENTS TOTAL MARKET CAP [USD MILLION] INDEX WEIGHT [%]

505

21,351,504.00

100.0

PRICE RETURNS TOTAL RETURNS NET TOTAL RETURNS

TICKER SPX SPXT SPTR500N

REUTERS .spx .SPXTR .SPXNTR

AS OF FEBRUARY 28, 2017



index_services@

BLOOMBERGSM SPX

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