Disclosures and Terms of Use

Please read the following carefully:

I. Terms and Conditions of Use
By using this site, you signify your acceptance of our Terms and Conditions of Use. Read them carefully before continuing. If you do not agree to these terms, do not use this site. We reserve the right at our discretion, to change, modify, add or remove portions of these terms at any time. We suggest that you revisit these terms periodically for changes. If you use this site after we post changes to the terms, you accept the changed terms.

The information provided on this site is not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to law or regulation or which would subject us or our affiliates to any registration requirement within such jurisdiction. We expressly reserve the right to monitor any and all use of this site. Neither the information, nor any opinion contained in this site constitutes a solicitation or offer by us or our affiliates to buy or sell any securities or provide any investment advice or service.

II. Copyright and Other Notices
The content on this site is the property of Morley Financial Services, Inc. (the "Company") (or its licensors) and is protected by copyright and other intellectual property laws. Trademarks, service marks and logos used on this site are registered and unregistered trademarks of the Company, subject to the laws of the United States and other countries worldwide. This site and its content may only be used for your personal and noncommercial use. You agree not to reproduce, retransmit, distribute, disseminate, sell, publish, broadcast or circulate the content to anyone, including but not limited to others in your company or organization, without our prior written consent.

III. Indemnity
You agree to defend, indemnify, and hold harmless the Company, its officers, directors, managers, members, employees, affiliates and agents from and against any claims, actions, or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of this site and the content herein (including software) or your breach of the Terms and Conditions of Use. The Company shall provide notice to you of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit, or proceeding.

IV. Privacy
All personal information is subject to the Privacy Policy of the Company, which may be obtained by written request.

V. Links to Other Sites - Limitation of Liability
The Company may provide, or third parties may provide, for your convenience and information only, links to other World Wide Web sites. Because the Company does not have control over these sites, you agree that the Company is not responsible for any liability resulting from the access or use of sites not owned by the Company and that the Company is not responsible for any content, advertising, product, or any other matter or issue, available through the World Wide Web, whether linked to, or from, this site. Further, you agree that the Company shall not be responsible or liable, directly or indirectly, for any damage or loss caused, or alleged to be caused by or in connection with the use of Web sites the Company does not own.

VI. Monitoring
The Company reserves the right to monitor your access and use of this site without notification to you.

VII. Disclaimer of Warranty and Limitation of Liability
The information on this site is provided "AS IS". We do not warrant the accuracy of the materials provided herein, either expressly or impliedly, for any particular purpose and expressly disclaim any warranties of merchantability or fitness for a particular purpose. YOU AGREE THAT YOUR ACCESS TO, AND USE OF, THIS SITE AND THE CONTENT HEREIN IS AT YOUR RISK. YOU AGREE, THAT UNDER NO CIRCUMSTANCES SHALL THE COMPANY OR ITS AFFILIATES BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY DAMAGES ARISING FROM INTERCEPTION BY THIRD PARTIES OF ANY INFORMATION MADE AVAILABLE TO YOU VIA THIS SITE, VIRUSES, WORMS, TROJAN HORSES OR OTHER CODE THAT HAS CONTAMINATING OR DESTRUCTIVE PROPERTIES OR YOUR REFERENCING, USING, ACCESSING, INABILITY TO USE OR ACCESS OR LINKING TO OR FROM THIS SITE OR ANY ERRORS OR OMISSIONS IN THE CONTENT HEREOF. There are some jurisdictions that do not allow for the exclusion of certain warranties or the limitation or exclusion of liability for consequential or incidental damages. Based on this conclusion, the liability of the Company and its affiliates is limited to the greatest extent permitted by law.

VIII. Organizational Affiliation/General Disclosures
Investment management services are provided by Morley Capital Management, Inc., a registered investment adviser and a subsidiary of Morley Financial Services, Inc.

Principal Global Investors is the asset management arm of the Principal Financial Group® (The Principal®)¹ and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley Financial Services Inc.; Finisterre Capital, LLP; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; Principal Global Investors (Hong Kong) Ltd.; CIMB-Principal Islamic Asset Management Sdn. Bhd.; and the majority owned affiliates of Principal International, Inc.

Morley Financial Services, Inc. is a wholly owned subsidiary of Principal Financial Services, Inc. Assets under management includes assets managed by investment professionals of Principal Global Investors under dual employee arrangements with other subsidiaries of The Principal.

¹"The Principal Financial Group" and "The Principal" are registered trademarks of Principal Financial Services, Inc., a member of the Principal Financial Group.

The information provided on this site has been prepared for educational purposes only and should not be considered legal, tax or investment advice. The information is not a solicitation or an offer to sell securities or provide investment advisory services. Products and services directly offered by Morley are intended for institutional investors and may not be available for non-institutional investors. Please consult with a qualified legal, tax or financial professional regarding your individual circumstances. Although the information in this presentation is obtained from sources deemed to be reliable, neither Morley Financial Services, Inc. nor its affiliates can guarantee the accuracy of the information. Past performance does not guarantee future results.

IX. Governing Law; Severability
These terms and conditions of use are governed by the laws of the State of Oregon. We do not claim that materials in this site are appropriate or available for use in various locations. If you choose to access this site from other locations, you do so on your own initiative, and you are responsible for compliance with any applicable local laws. You agree that your use of this site constitutes your acceptance of the jurisdiction of the State of Oregon and that any legal action brought by you must be brought in the State of Oregon.

If any provision of these terms is deemed unlawful, void, or for any reason unenforceable, then that provision will be deemed severable from these terms and will not affect the validity and enforceability of the remaining provisions.