Disclosures

The following terms and disclosures are applicable to electronic messages (also referred to herein as “e-mail”) sent to and from The Glenmede Trust Company, N.A., The Glenmede Trust Company of Delaware, and any of their affiliates (“Glenmede”).

Electronic purchase or sale requests.

Please do not use e-mail to request, authorize or effect the purchase or sale of any security or commodity. Unfortunately, we cannot execute such instructions provided in e-mail, though we may follow up with you via a different communication method (for example, by phone).

Fund transfer instructions sent via e-mail require executed authorized documentation.

Fund transfer instructions sent via e-mail are subject to further validation and documentation requirements. For further information, please contact your Relationship Manager.

This is a confidential communication between sender and its intended recipient.

We retain copies of messages and reserve the right to monitor them.

Glenmede reserves the right to monitor and archive electronic communications to the extent permitted or required by law.

This message is not intended as an official communication.

Unless otherwise expressly agreed to in writing by Glenmede, an electronic message is not intended as an official document or confirmation, and we do not accept responsibility for, or represent, warrant, or guarantee it to be, available, accurate, timely, secure, error, or virus-free. The information in this communication is provided purely as an informational courtesy. In the event of a conflict between this communication and any official Glenmede communication (for example, account statements or transaction confirmations), the official Glenmede communication controls.

Information may not be secure when transmitted over the internet.

Glenmede makes no representation or warranty that electronic messages will be secure or confidential. Despite Glenmede’s use of commercially reasonable security measures, it is possible that electronic messages may be intercepted or accessed by unauthorized or unintended parties, may not arrive at the intended destination, or may not arrive in the form transmitted. Accordingly, please do not send Glenmede electronic messages which contain your sensitive personal information, such as your account numbers, social security numbers, security questions and responses, etc. Glenmede has the ability to receive information and make information available through electronic methods that are more secure than standard e-mail. Please contact your Relationship Manager if you wish to send or receive such secure transmissions.

Electronic messages may be delayed, and information in electronic messages may not be up-to-date and may not be updated.

Electronic message communications cannot be guaranteed to be current, timely, or otherwise updated. Information provided is current only as of the date it was created. We have not undertaken, and will not undertake, any duty to update the information or otherwise advise you of changes in our opinion or in the research or information we make available to you.

Electronic messages are not intended to serve as an offer or solicitation.

An electronic message is not an offer (or solicitation of an offer) to buy or sell the securities or instruments that may be mentioned.

Third-Party Data

The data contained in a communication may be obtained from a variety of third-party sources and, though gathered in good faith, may be inaccurate or subject to change. Glenmede makes no representations or warranties with respect to any such information, and disclaims all liability for any such information.

No Tax Advice

Any tax advice contained in an electronic communication is not intended as a thorough analysis of all relevant facts or tax issues nor is it sufficient to avoid tax-related penalties. The communication is solely for the intended recipient and may not be relied upon by any other person or entity.

Spam

Please contact the sender if you would prefer not to receive further electronic communications.
Use of Historical Performance Data and Risk Disclosure
Unless stated otherwise, any performance data quoted represents past performance. Past performance may not be indicative of future returns. No representation or warranty is made that any returns indicated will be achieved. Certain assumptions may have been made in Glenmede’s analysis which have resulted in any returns detailed herein. Transaction costs (such as commissions) are not included in the calculation of returns. Changes to the assumptions may have a material impact on any returns detailed. Potential investors should be aware that certain legal, accounting, and tax restrictions, commissions, and other transaction costs and changes to the assumptions set forth in an electronic message from Glenmede may significantly affect the economic consequences of the transactions discussed therein.

REGULATORY DISCLOSURES — THE GLENMEDE TRUST COMPANY, N.A.
ERISA 408(b)(2) Disclosure Document