Terms of Use

READ BEFORE CONTINUING—YOUR ACCEPTANCE OF TERMS OF USE

Research Affiliates is pleased to provide you with the products, services, content, tools, and information on this Website. Your use of this website is subject to the following Terms of Use ("Terms").


A. Information For Foreign Investors
B. Third Party Content And Sites
C. Timeliness of Content
D. Prohibited Uses
E. Means of Access
F. Password Security and Notification
G. Disclaimer of Warranties
H. Limitation of Liability
I. Indemnification
J. Changes To This Site
K. Termination
L. Governing Law And Forum
M. Severability
N. Affiliate Resource Center (ARC) Users [LIMITED ACCESS]
O. Copyrights, Trademarks, and Patent Notices
P. Client Portal Users [LIMITED ACCESS]

These Terms are a binding contract between you and Research Affiliates and its affiliates ("Research Affiliates"). By using or accessing this site, you accept and agree to be bound by these Terms. Your use of this site is governed by the version of the Terms in effect on the date this site is accessed by you. Research Affiliates may modify these Terms at any time and without prior notice. You should review the most current version of this document by clicking on the Terms of Use hyperlink. These Terms are in addition to any other agreements between you and Research Affiliates, including any customer or account agreements, and any other agreements that govern your use of products, services, content, too​ls, and information available on this site.
This site is intended for your personal, non-commercial use only, unless you and Research Affiliates have agreed otherwise in writing.


RA reserves the right to change the terms, conditions, and notices under which use of this Site is offered, including but not limited to the charges associated with the use of the ARC Web Site.

A. Information For Foreign Investors
This site is intended to be made available only to persons in the United States, and the information on this site is only for such persons. Nothing on this site shall be considered a solicitation to buy or an offer to sell a security, or any other product or service, to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction.

B. Third Party Content And Sites
This site may include general news and information, commentary, interactive tools, quotes, research reports and data concerning the financial markets, securities and other subjects. Companies that are not affiliated with Research Affiliates, known as "Third Party Content" supply some of that content. Most Third Party Content is available through framed areas or through hyperlinks to third party web sites, and its source is clearly and prominently identified.


Although Third Party Content may be framed-in on this site or available through a link to a third-party site, Research Affiliates does not prepare, edit, or endorse Third Party Content. Research Affiliates therefore does not guarantee its accuracy, timeliness, completeness or usefulness, and is not responsible or liable for any content, advertising, products, or other materials on or available from third party sites. Links to sites outside this site are provided only for your convenience. No endorsement of any third party products or services is expressed or implied by any information, material or content referred to or included on or linked from or to this site. You will use Third Party Content only at your own risk.


In order to comply with applicable laws and regulations, Research Affiliates may at times exclude content with respect to securities of issuers which are the subject of public offerings made available to clients or otherwise of Research Affiliates.

C. Timeliness of Content
All content on this site is presented by the date published or indicated only, and may be superseded by subsequent market events or other reasons. In addition, you are responsible for setting the cache settings on your browser to ensure you are receiving the most recent data.

D. Prohibited Uses
Because all servers have limited capacity and are used by many people, do not use this site in any manner that could damage or overburden any Research Affiliates server, or any network connected to any Research Affiliates server. Do not use this site in any manner that would interfere with any other party's use of this site.

E. Means of Access
This site is generally intended to be viewed by a conventional web browser with a screen resolution of 640 by 480 pixels or greater. Although you may use other means to access this site, be aware that this site may not appear accurately through other access methods, and you use them only at your own risk.
You should not access this site through devices or services that are designed to provide high-speed, automated, repeated access.
Certain parts of this site may be protected by passwords or require a login. You may not obtain or attempt to obtain unauthorized access to such parts of this site, or to any other protected materials or information, through any means not intentionally made available by Research Affiliates for your specific use.

F. Password Security and Notification
If you have a password for access to non-public areas of this site, you are solely responsible for all activities that occur in connection with your password. Accordingly, you should not disclose your password to anyone else. Notify Research Affiliates immediately if you become aware of any disclosure, loss, theft or unauthorized use of your password.

G. Disclaimer of Warranties
1. Research Affiliates DOES NOT MAKE ANY EXPRESS OR IMPLIED WARRANTIES ABOUT THIS SITE, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.
2. THIS SITE IS MADE AVAILABLE TO YOU "AS IS" AND "AS AVAILABLE" AND Research Affiliates DOES NOT WARRANT THAT ANY DEFECTS OR INACCURACIES WILL BE CORRECTED.
3. Research Affiliates DOES NOT WARRANT THAT THIS SITE WILL MEET YOUR NEEDS, OR THAT THEY WILL BE UNINTERRUPTED, TIMELY, SECURE OR ERROR-FREE. Research Affiliates ALSO MAKES NO WARRANTY THAT THE RESULTS OBTAINED FROM THE USE OF THIS SITE WILL BE ACCURATE OR RELIABLE, OR THAT THE QUALITY OF ANY PRODUCTS, SERVICES, INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOU THROUGH THIS SITE WILL MEET YOUR EXPECTATIONS.

H. Limitation of Liability
1. Research Affiliates WILL NOT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY CONSEQUENTIAL, INCIDENTAL, SPECIAL OR INDIRECT DAMAGES (INCLUDING BUT NOT LIMITED TO LOST PROFITS, TRADING LOSSES OR DAMAGES THAT RESULT FROM USE OR LOSS OF USE OF THIS SITE AND THIRD PARTY CONTENT, INCONVENIENCE OR DELAY). THIS IS TRUE EVEN IF Research Affiliates HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR LOSSES.
2. Research Affiliates WILL NOT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY LOSS RESULTING FROM A CAUSE OVER WHICH SUCH Research Affiliates DOES NOT HAVE DIRECT CONTROL. THIS INCLUDES FAILURE OF ELECTRONIC OR MECHANICAL EQUIPMENT OR COMMUNICATIONS LINES (INCLUDING TELEPHONE, CABLE AND INTERNET), UNAUTHORIZED ACCESS, VIRUSES, THEFT, OPERATOR ERRORS, SEVERE OR EXTRAORDINARY WEATHER (INCLUDING FLOOD, EARTHQUAKE, OR OTHER ACTS OF GOD), FIRE, WAR, INSURRECTION, TERRORIST ACT, RIOT, LABOR DISPUTE AND OTHER LABOR PROBLEMS, ACCIDENT, EMERGENCY OR ACTION OF GOVERNMENT.
3. IF YOU LIVE IN A STATE THAT DOES NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY OR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SOME OR ALL OF THESE LIMITATIONS AND EXCLUSIONS MAY NOT APPLY TO YOU.

I. Indemnification
As a condition of your use of this site, you agree to indemnify and hold Research Affiliates and its officers, directors, members, affiliates and employees and their third party providers harmless from and against any and all claims, losses, liability, costs and expenses (including but not limited to attorneys' fees) arising from your use of this site, or from your violation of these Terms.

J. Changes To This Site
Unless otherwise agreed, Research Affiliates may discontinue or modify this site at any time without prior notice to you, and you accept these modifications if you continue to use this site.

K. Termination
Research Affiliates may terminate your access to this site for any reason, without prior notice.

L. Governing Law And Forum
Unless otherwise agreed, these Terms and their enforcement are governed by the laws of the State of California, without regard to conflicts of law, and shall inure to the benefit of the successors and assigns of Research Affiliates, whether by merger, consolidation, or otherwise.

M. 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.

Disclaimers can be found on the Legal page.

N.  AFFILIATE RESOURCE CENTER (ARC) USERS [LIMITED ACCESS]
The Affiliate Resource Center (ARC) Web Site is comprised of various Web pages operated by Research Affiliates, LLC (RA). Access to the ARC Web Site is offered to registered users only and is conditioned on registrants’ acceptance without modification of the terms, conditions, and notices set out above as well as the additional conditions below. Use of the ARC Web Site constitutes agreement to all such terms, conditions, and notices.

1.  Links to Third Party Sites
The ARC Web Site may contain links to other Web Sites ("Linked Sites"). The Linked Sites are not under the control of RA and RA is not responsible for the contents of any Linked Site, including without limitation any link contained in a Linked Site, or any changes or updates to a Linked Site. RA is not responsible for webcasting or any other form of transmission received from any Linked Site. RA is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement by RA of the site or any association with its operators.
2.  No Unlawful or Prohibited Use
As a condition of your use of the ARC Web Site, you warrant to RA that you will not use the ARC Web Site for any purpose that is unlawful (including, but not limited to, for purposes that are in violation of any laws covering securities, commodities, futures, swaps, derivatives or any other financial instruments) or prohibited by these terms, conditions, and notices. You may not use the ARC Web Site in any manner which could damage, disable, overburden, or impair the ARC Web Site or interfere with any other party's use and enjoyment of the ARC Web Site. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available or provided for through the ARC Web Site.
3.  Liability Disclaimer - ARC
THE INFORMATION, SOFTWARE, PRODUCTS, AND SERVICES INCLUDED IN OR AVAILABLE THROUGH THE ARC WEB SITE MAY INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS. CHANGES ARE PERIODICALLY ADDED TO THE INFORMATION HEREIN. RA AND/OR ITS SUPPLIERS MAY MAKE IMPROVEMENTS AND/OR CHANGES IN THE ARC WEB SITE AT ANY TIME. ADVICE RECEIVED VIA THE ARC WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. RA AND/OR ITS SUPPLIERS MAKE NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, AVAILABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THE ARC WEB SITE FOR ANY PURPOSE. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OR CONDITION OF ANY KIND. RA AND/OR ITS SUPPLIERS HEREBY DISCLAIM ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL RA AND/OR ITS SUPPLIERS BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THE ARC WEB SITE OR THE DATA OR CONTENT OBTAINED THROUGH SUCH SITE, WITH THE DELAY OR INABILITY TO USE THE ARC WEB SITE OR RELATED SERVICES, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THE ARC WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THE ARC WEB SITE, WHETHER BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY OR OTHERWISE, EVEN IF RA OR ANY OF ITS SUPPLIERS HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THE ARC WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE ARC WEB SITE OR ANY DATA OR CONTENT OBTAINED FROM THE SITE. BY USING THIS SITE, YOU AGREE TO FULLY RELEASE, INDEMNIFY AND HOLD HARMLESS RA FROM AND AGAINST ANY AND ALL LOSSES, EXPENSES, AND LIABILITIES, INCLUDING ANY COSTS OR REASONABLE ATTORNEYS’ FEES, RESULTING FROM THE USE OF OR RELIANCE UPON OR SHARING OF ANY DATA, CONTENT OR MATERIALS ACCESSED THROUGH THIS SITE. SERVICE CONTACT : ARCadmin@rallc.com
4.  Access Restriction
Use of the ARC Web Site is unauthorized in any jurisdiction that does not give effect to all provisions of these terms and conditions, including without limitation this paragraph. You agree that no joint venture, partnership, employment, or agency relationship exists between you and RA as a result of this agreement or use of the ARC Web Site. RA’s performance of this agreement is subject to existing laws and legal process, and nothing contained in this agreement is in derogation of RA’s right to comply with governmental, court and law enforcement requests or requirements relating to your use of the ARC Web Site or information provided to or gathered by RA with respect to such use. If any part of this agreement is determined to be invalid or unenforceable pursuant to applicable law including, but not limited to, the warranty disclaimers and liability limitations set forth above, then the invalid or unenforceable provision will be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision and the remainder of the agreement shall continue in effect. Unless otherwise specified herein, this agreement constitutes the entire agreement between the user and RA with respect to the ARC Web Site and it supersedes all prior or contemporaneous communications and proposals, whether electronic,oral or written, between the user and ARC with respect to the ARC Web Site. A printed version of this agreement and of any notice given in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to this agreement to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form.

O.  COPYRIGHTS, TRADEMARKS, AND PATENT NOTICES
1.  Copyright, Trademark, and Patent Notices:
Various features of the Fundamental Index® methodology, including an accounting data-based non-capitalization data processing system and method for creating and weighting an index of securities, are protected by various patents, and patent-pending intellectual property of Research Affiliates, LLC. (See all applicable US Patents, Patent Publications, and Patent Pending intellectual property located at http://www.researchaffiliates.com/Pages/legal.aspx#d, which are fully incorporated herein.) “Fundamental Index®” and/or “Research Affiliates Fundamental Index®” and/or “RAFI” and/or all other RA trademarks, trade names, patented and patent-pending concepts are the exclusive property of Research Affiliates, LLC.
2.  Notices and Procedure For Making Claims of Copyright Infringement
Pursuant to Title 17, United States Code, Section 512(c)(2), notifications of claimed copyright infringement under United States copyright law should be sent to Service Provider's Designated Agent. ALL INQUIRIES NOT RELEVANT TO THE FOLLOWING PROCEDURE WILL RECEIVE NO RESPONSE. See Notice and Procedure for Making Claims of Copyright Infringement.

P.  RESEARCH AFFILIATES CLIENT PORTAL [LIMITED ACCESS]
DISCLOSURE AND CONSENT FOR ELECTRONIC DELIVERY OF IMPORTANT TAX DOCUMENTS, SEC FORMS AND OTHER FINANCIAL RELATED INFORMATION.
1. Consent to Electronic Delivery
By utilizing the Research Affiliates, LLC Client Portal, you are consenting to the following:
a. Until or unless you notify Research Affiliates, LLC, as described below, you consent to receive through electronic means, including by way of a website portal, all monthly statements, Schedule K-1s, Form ADV Part 2A and 2B, and all other documents or information of any kind to which you are entitled (“Information”);
b. You can access, read and print this DISCLOSURE AND CONSENT FOR ELECTRONIC DELIVERY OF IMPORTANT TAX DOCUMENTS, SEC FORMS AND OTHER FINANCIAL RELATED INFORMATION;
c. You are fully authorized and informed so as to provide an effective and enforceable consent hereunder;
d. You agree to bear any of your own costs associated with accessing the secure website portal; and
e. You agree to immediately inform Research Affiliates, LLC in the event any information provided or relied upon herein changes.
2. Scope and duration of consent
Your consent to receive your Information electronically will be applicable from the time of receipt of your consent (i.e., your use of the Client Portal) until you either withdraw your consent or you are no longer a client.
3. Post-consent request for a paper document
At any time, you may request a paper copy of your Information by sending us your request in writing by email to clientportal@rallc.com or by regular US mail to Attn: Client Services, Research Affiliates LLC, 620 Newport Center Drive, Suite 900, Newport Beach, CA 92660. Absent instructions to the contrary, a request for such a paper document after providing consent for electronic delivery of such document will not be treated as a withdrawal of your consent for future electronic delivery of your Information.
4. Withdrawal of consent
You may withdraw your consent for electronic delivery of your Information at any time by sending your request in writing by email to clientportal@rallc.com or by regular US mail to Attn: Client Services, Research Affiliates LLC, 620 Newport Center Drive, Suite 900, Newport Beach, CA 92660. The withdrawal of consent will be effective on a date subsequent to the receipt of your withdrawal notice as determined by us and communicated to you within a reasonable period of time after we have received the withdrawal notice. We will confirm your withdrawal and the effective date in writing (either electronically or on paper) to you. A withdrawal of consent does not apply to any Information delivered electronically prior to the effective date of your withdrawal and such withdrawal will result in your account being deactivated.
5. Updating information
If any of your contact information changes, you must notify us of such changes as soon as possible in writing by email to clientportal@rallc.com or by regular US mail to Attn: Client Services, Research Affiliates LLC, 620 Newport Center Drive, Suite 900, Newport Beach, CA 92660. Additionally, you will be notified of any changes to our contact information as soon as possible so that electronic delivery of your Information will not be interrupted.
6. The term “Client,” as used herein, should not be interpreted to mean “Client” as defined or interpreted by the U.S. Securities and Exchange Commission.