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The Dow Jones Industrial AverageSM is a product of Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC ("CME"), and has been licensed for use. "Dow Jonesï¿½", "Dow Jones Industrial AverageSM", "DJIASM" and "Dow Jones Indexes" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"), have been licensed to CME and have been sublicensed for use for certain purposes by Chicago Board Options Exchange, Incorporated ("CBOE"). Financial products based on the CBOE DJIA Volatility Index are not sponsored, endorsed, sold or promoted by Dow Jones, CME or their respective affiliates and none of them makes any representation regarding the advisability of investing in such product(s). The methodology of the CBOE DJIA Volatility Index is owned by CBOE and published pursuant to an agreement with Dow Jones. This document contains comparisons, assertions, and conclusions regarding the performance of index based on backtesting, i.e., calculations of how the index might have performed in the past if it had existed. Backtested performance information is purely hypothetical and is provided in this document solely for informational purposes. Backtested performance does not represent actual performance, and should not be interpreted as an indication of actual performance. Investors attempting to replicate the VXD Index should discuss with their brokers possible timing and liquidity issues. Past performance is not indicative of future results. The methodology for the VXD Index is subject to change. Copyright® 2015 Chicago Board Options Exchange, All Rights Reserved.