The SGCO Alpha 1 Target Volatility 1 Index is designed to be exposed to the performance of the SGCO Alpha 1 Custom Index (Bloomberg: SGCOA1CE) while aiming to maintain the level of volatility of such Index at or close to a pre-determined level. The control of such volatility is attempted by periodically and systematically adjusting the exposure of the Index to the Underlying Index based on the volatility of the Underlying Index.
The exposure of the Index to the Underlying Index is bounded between a minimum of 0% and a maximum of 300% of the level of the Index.
The SGCO Alpha 1 Target Volatility 1 Index (the “Index”) is the property of SG, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to calculate the Index. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and, these trademarks have been licensed to S&P Dow Jones Indices. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) have been licensed for use by SG. Neither S&P Dow Jones Indices, SPFS, Dow Jones, nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.”