USFE | Spot Equivalent Futures | ISE Indexes | Morningstar 1. How will the market utilize Morningstar's equity benchmark indexes? Morningstar Style Box™ futures provide investment advisors, institutions and individual investors the opportunity to hedge against the performance of each of the nine indexes associated with Morningstar's style and capitalization system. USFE's Morningstar Style Box™ index futures provide investors with a new way to target and trade any part of the stock market. 2. Who is the primary target investor for Morningstar Index futures? Investment advisors, institutions and individual investors can all benefit from Morningstar Style Box™ futures that directly correlate with the investor-friendly stock categorizations developed by Morningstar. 3. How can investors use Morningstar futures as a hedging vehicle in a portfolio? A futures contract on a stock index is a simple strategy to bring some balance to an investment portfolio. Morningstar Style Box™ futures provide a cost-effective way to hedge the performance of a large number of stocks in one style and capitalization category. They provide investors with a diversified alternative for portfolio construction and enhance the risk management tools available to a wide range of individuals. Additionally, due to futures-style leverage, less capital is required than when buying stock investments. 4. How does the Morningstar Style Box work and how do these products take advantage of its benefits? The Style Box enables investors to target any part of the market by market capitalization and investment style. Therefore, investors can trade Small Caps against Large Caps, Value against Growth, or any other combination of strategies that are best suited to the needs of individual portfolios. 5. Why did Morningstar choose to partner with USFE to introduce these contracts? Morningstar's unique stock indexes and USFE's commitment to innovation allows for a dynamic partnership that aims to enhance the equity index derivatives market. 6. What specific benefits do the Morningstar contracts bring to the individual investor? The Morningstar futures contracts provide individual investors with new ways to balance their equity portfolios or invest in a specific market sector. Because Morningstar uses a comprehensive 10-factor style methodology to identify distinct growth and value characteristics, investors can target equities more effectively and cost-efficiently. 7. Does USFE plan to introduce additional Morningstar index contracts in the future? USFE plans to launch Morningstar's other six style and capitalization indexes, as well as its broad U.S. market index, at a later date. 8. Where can I find more information about the underlying Morningstar Style Box™ indexes? Comprehensive information on the Morningstar Style Box™ indexes is available at www.morningstar.com. 9. Are there ETFs related to the Morningstar Indexes? Yes. iShares offers ETFs on Morningstar Style Box™ indexes.