Terms of use

Use and Acceptance

These Terms of Use ("Terms") were last modified in March 2014.

Standish Mellon Asset Management LLC ("Standish") is pleased to provide you with the information, content and service on the Standish Website. These Terms include important disclosures and information related to certain products and services offered by or through Standish. Your use of the Standish Website is subject to these Terms, which constitute a binding agreement between you and Standish. By using or accessing the Standish Website, you accept and agree to be bound by these Terms. Your use of the Standish Website is governed by the version of the Terms in effect on the date the Standish Website is accessed by you. Standish may modify these Terms at any time and without prior notice. You should review the most current version of these Terms by visiting the Standish Website and clicking on the Terms of Use hyperlink located at the bottom of the page. These Terms are in addition to any other agreements between you and Standish, including any customer or account agreements.

No Solicitation

The information, content and services on the Standish Website is not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be unlawful or which would subject Standish to any registration or license requirement within such jurisdiction; nor does such information, content or services constitute an offer or solicitation to any person in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it would be unlawful to make such offer or solicitation.

Limitation of Liability

BY ACCESSING THE STANDISH WEBSITE OR RECEIVING ANY SERVICES, YOU AGREE TO WAIVE All CLAIMS AGAINST STANDISH REGARDING THE STANDISH WEBSITE, THE INFORMATION AND CONTENT PROVIDED ON THE STANDISH WEBSITE AND ANY INFORMATION RECEIVED BY YOU AS A RESULT OF USING THE SERVICES, AND ANY USE BY YOU OF SUCH INFORMATION. YOU AGREE THAT IN NO EVENT WILL STANDISH OR ANY OTHER PARTY INVOLVED IN CREATING PRODUCING, OR DELIVERING THE STANDISH WEBSITE OR ITS INFORMATION, CONTENT OR SERVICE, BE LIABLE TO YOU OR ANYONE ELSE FOR ANY DAMAGES, INCLUDING BUT NOT LIMITED TO, ANY DIRECT, INDIRECT, INCIDENTIAL, SPECIAL, OR CONSEQUENTIAL DAMAGES OR DAMAGES FOR LOSS OF PROFITS, GOOD WILL, BUSINESS INTERRUPTION, USE, DATA, EQUIPMENT OR OTHER INTANGIBLE LOSSES {EVEN IF STANDISH HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES) THAT RESULT FROM (1) THE RELIANCE ON, USE OF, OR INABILITY TO USE THE STANDISH WEBSITE OR ANY SERVICES, {2) THE CONSEQUENCES OF ANY DECISION MADE OR ACTION OR NON-ACTION TAKEN BY YOU OR BY ANYONE TO WHOM YOU COMMUNICATE SUCH INFORMATION OR CONTENT, OR FOR ANY ERRORS BY YOU IN COMMUNICATING SUCH INFORMATION OR CONTENT; (3) THE COST OF SUBSTITUTE SERVICES; (4) FORCE MAJEURE AND ANY SIMILAR EVENTS THAT ARE BEYOND OUR REASONABLE CONTROL; AND (5) ANY OTHER MATIER RELATED TO THE INFORMATION, CONTENT, SERVICES OR DISTRIBUTION OF SERVICES THROUGH THE STANDISH WEBSITE.

OUR ENTIRE LIABILITY AND YOUR EXCLUSIVE REMEDY FOR ANY DISPUTE OR CLAIM RELATED TO THESE TERMS, THE STANDISH WEBSITE, ANY SERVICES, OR THE PRIVACY POLICY IS YOUR CESSATION OF THE USE OF THE STANDISH WEBSITE AND ANY AND ALL SERVICES.

Disclaimers

Standish makes no warranties or representations as to the accuracy, reliability, or completeness of the information and content or the services on the Standish Website. The information, content and services on the Standish Website is provided on an "as is" "as available" basis. To the fullest extent permitted by law, Standish disclaims all warranties of any kind, whether express or implied, with regard to the information, content and services on the Standish Website, including all implied warranties of merchantability, fitness for a particular purpose, and non-infringement. We cannot and do not guarantee or warrant that the files available for downloading from the Standish Website and any service will be free from infections or viruses, worms, trojan horses, or other code with contaminating or destructive properties.

The information and content received in any service or on the Standish Website is not investment or legal advice. You should not rely on information, content and services on the Standish Website for personal, legal or financial decisions; and you should consult an appropriate professional for personal advice tailored to your situation. The information, content and services contained on the Standish Website is published solely for information purposes and is not a solicitation nor an offer to buy any mutual fund, collective investment fund, or other security, nor should it be used in connection with any sale, offer for sale or solicitation of an offer to buy securities or any other instruments. Such information does not attempt or claim to be a complete description of the securities markets, or developments referred to in the information and content. All expressions of opinion are subject to change without notice. Investment products, including but not limited to mutual funds and collective investment funds, are not bank deposits, are not guaranteed or insured by the FlOC or any other entity, and are subject to investment risks, including the loss of the principal amount invested. Past performance is not guarantee of future results.

Copyright / Trademark / Service Mark Information

© 2008, 2011 Standish Mellon Asset Management Company LLC – The entire contents of this Standish Website are subject to copyright with all rights reserved. If you download or print a hard copy of individual pages and/or sections of the Standish website, you agree not to remove any copyright or other proprietary notices. Any downloading or otherwise copying from the Standish Website will not transfer title to any software or material to anyone. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose this website without the prior written permission of Standish . The following are registered or unregistered trademarks or service marks of The Bank of New York Mellon Corporation or its subsidiaries or affiliates: Standish, and ‘Ready for What's Next'.

Licenses

The indices referred to herein are used for comparative and informational purposes only and have been selected because they are considered to be generally representative of certain markets. However, some indices shown may not be the appropriate benchmark for certain strategies. Rather, the information regarding the indices is included merely to show the general trends in the periods indicated and is not intended to imply that any portfolio is similar to the indices in composition or risk. Comparisons to indices as benchmarks have limitations because indices have volatility and other material characteristics that may differ from the strategy or product to which they are compared. Indices are unmanaged and investments cannot be made in an index. The providers of the indices referred to herein are not affiliated with Standish, do not endorse, sponsor, sell or promote the investment strategies or products mentioned herein and they make no representation regarding the advisability of investing in the products and strategies described herein.

Product Information

Portfolio composition and statistical information regarding the various investment strategies displayed on the Standish Website are based in most cases on a composite of the investment manager's accounts for the strategy or on a representative account included in the composite. In some cases this information is based on a mutual fund managed in the same investment style used by Standish in managing the strategy for its separately managed accounts. When the information is based on a composite, the composite may include mutual funds or bank collective trust funds, along with separately managed accounts. In managing these mutual funds or bank collective trust funds, such portfolio managers are acting in their capacities as officers of The Bank of New York Mellon, and The Dreyfus Corporation, as the case may be. Individual portfolios may differ in composition and holdings from the information displayed.

Some of the investment products displayed on the Standish Website are available in the form of a separately managed account or mutual fund managed by Standish; some of the products are available in the form of a mutual fund managed by The Dreyfus Corporation using the same portfolio management personnel and the same investment style and strategies as are employed by Standish for its separately managed accounts; some of the products are available in the form of a bank collective trust fund managed by The Bank of New York Mellon, as trustee, using the same portfolio management personnel and the same investment style and strategies as are employed by Standish for its managed accounts; and some of the products are available in both managed account and bank collective trust fund form. Bank collective trust funds are available for purchase only by qualified plans. Some of these bank collective trust funds are not daily-valued funds and may be open for investment and redemption only on specified days or dates each week or month.

The listing of a product's "Top Ten Holdings" should not be considered a recommendation to buy or sell any particular security. A product's "Top Ten Holdings" do not represent its entire portfolio and, in the aggregate, may represent only a small percentage of its portfolio. There is no assurance that any security listed will remain in a product's portfolio. It should not be assumed that any security listed in the "Top Ten Holdings" has been – or will be – profitable.

Additional Affiliations of Portfolio Managers

Certain of the portfolio managers for the products described in the Standish Website are employed by both the investment management firm associated with the product and by The Dreyfus Corporation, a subsidiary of The Bank of New York Mellon Corporation. In their capacities as dual officers of these companies, such portfolio managers may have portfolio management responsibility for one or more mutual fund portfolios managed by these subsidiaries, in addition to the Standish products for which they have such responsibility.

Certain of the portfolio managers for the products described in the Standish Website are employed by both the investment management firm associated with the product and by The Bank of New York Mellon. In their capacities as bank officers such portfolio managers may have portfolio management responsibility for one or more fiduciary accounts managed by the bank, such as bank collective trust funds, in addition to the investment manager's products for which they have such responsibility.

All rights reserved. This website may not be reproduced, distributed or transmitted, in whole or in part, by any means, without written permission from Standish.

Indemnification

As a condition of your use of the Standish Website, you agree to indemnify and hold Standish harmless from and against all claims, losses, liability, costs and expense (including but not limited to attorneys' fees) arising from your use of the Standish Website, or from your violation of these Terms.

Changes to Standish Sites

Unless otherwise agreed, Standish may discontinue or modify the Standish Website at any time without prior notice to you, and you accept those modifications if you continue to use the Standish Website.

Links to Other Websites

The Standish Website provides links to other websites that might be of interest to you ("Linked Sites"). Please note that when you click on one of these links, you may be moving to another provider's website. These Linked Sites and their providers are not controlled by us, and we are not responsible for the contents or the proper operation of any Linked Site. The inclusion of any link does not imply our endorsement. We encourage you to read the terms of use and privacy statements of these Linked Sites as their policies may differ from ours.

Termination

Standish may terminate your access to the Standish Website for any reason, without prior notice.

Governing Law

Unless otherwise agreed, these Terms and their enforcement are governed by the laws of the [Commonwealth of Massachusetts], without regard to conflicts of law, and shall inure to the benefit of Standish's successors and assigns, whether by merger, consolidation, or otherwise.

Severability

If a court of competent jurisdiction deems any provision unenforceable, that provision will be enforced to the maximum extent permissible, and the remaining provisions will remain in full force and effect.

Copyright 2014, Standish Mellon Asset Management Company LLC