INDEX METHODOLOGY

The Beacon Global Timber Index methodology is comprised of global stocks traded on developed market exchanges that own and/or manage forests and harvest trees for lumber, pulp and other wood-based products. They may also create finished products such as lumber, paper and packaging. The Index constituent selection methodology was developed by Beacon as a quantitative approach to selecting stocks from a universe of all global timber companies that considers the geographic dispersion of trees. The Index constituent selection model evaluates and selects stocks from a universe of global timber companies using a proprietary, 100% rules-based methodology developed by Beacon. The Index constituent selection methodology utilizes multi-factor proprietary selection rules to seek to identify those stocks that offer the greatest potential from a risk/return perspective. The constituent selection process is performed annually and Index rebalance is repeated quarterly.