Patriot Technology Index

Introducing the

Patriot technology index

The Patriot Technology Index (“the Index”) is a rules-based index that aims to provide a balance between growth potential and asset protection by offering exposure to US companies that are aligned with the United States Department of Defense’s critical technologies list and with low geostrategic risk and foreign influence. It also adds a layer of risk control through the BNP Paribas volatility control overlay.

For a list of selected risks and considerations with the Patriot Technology Index, please click here.

The equity portion of the Patriot Technology Index targets a market cap weighted portfolio that aligns with US modernization priorities and with minimized geostrategic risk from sanctions, trade, and conflict.

*J.H. Whitney is a geopolitical risk consulting firm whose proprietary geostrategic risk scoring methodology helps inform the equity portion of the Index.

Risk Reduction Mechanism

In an effort to hedge against large market movements, on a daily basis, the Index methodology is designed to adjust exposure among critical technology companies with low geostrategic risk ratings, interest rate futures, bond futures and a hypothetical cash position to target an annualized realized volatility of 7%.

If the volatility level of the equity portion of the Index is higher than 7%, the Index is intended to shift exposure by reducing the weight of the equity portion relative to the fixed income components.

If the volatility level of the portfolio composed of equity and fixed income is still higher than 7%, the Index is designed to reduce the weight of those components and rebalance the portfolio with a non-remunerable hypothetical cash position.

*Long-short portfolio of bonds and interest rate futures using a mix of trend and volatility signals.

Patriot Technology Index, the strategy that fuses patriotism and innovation, showcasing critical and emerging dual-use technologies that can drive breakthroughs in both national security and economic prosperity.

DOWNLOAD MATERIAL

BROCHURE

An overview of the Index with information on
performance and definitions of key terms.

FACTSHEET

A more concise overview of the Index with the
latest information on performance.

ABOUT BNP PARIBAS

A factsheet with more information about the
Index sponsor, BNP Paribas.

Want to know more about the
Patriot Technology Index?

patriot.technology.index@us.bnpparibas.com

Important Information

The Patriot Technology Index (the “Index”) is the exclusive property of BNP Paribas or one of its affiliates (BNP Paribas and its affiliates are hereinafter called “BNPP”) and is determined, composed and calculated by BNPP. “BNP”, “BNPP”, “BNP Paribas” and “Patriot Technology Index ”(collectively, the “BNPP Marks”) are trademarks or service marks of BNPP.

The Patriot Technology Index methodology embeds certain costs which cover among other things, rebalancing and replication costs. Such costs (if any) may vary over time with market conditions.

BNP Paribas may license the Patriot Technology Index to one or more companies (each, a “Company”) for use in a product offered or issued by the Company. The products are not, in whole or in part, sponsored, structured, priced, endorsed, offered, sold, issued or promoted by BNP Paribas or any of its affiliates, or any third party licensor of information to BNP Paribas. BNP Paribas reserves the right to amend or adjust the Patriot Technology Index methodology from time to time and accepts no liability for any such amendment or adjustment. BNP Paribas is not under any obligation to continue the calculation, publication or dissemination of the Patriot Technology Index and accepts no liability for any suspension or interruption in the calculation thereof. Neither BNP Paribas nor any of its affiliates accepts any liability in connection with the publication or use of the level of the Patriot Technology Index at any given time.

BNP Paribas may enter into derivative transactions or issue financial instruments (the “Index Products”) linked to the Patriot Technology Index. The Patriot Technology Index Products are not in any way sponsored, endorsed, sold or promoted by the sponsor of any index component (or part thereof) which may comprise the Patriot Technology Index (the “Underlying Index”) that is not affiliated with BNP Paribas (each such sponsor, an “Underlying Index Sponsor”). The Underlying Index Sponsors make no representation whatsoever, whether express or implied, either as to the results to be obtained from the use of the relevant Underlying Index and/or the levels at which the relevant Underlying Index stands at any particular time on any particular date or otherwise. No Underlying Index Sponsor shall be liable (whether in negligence or otherwise) to any person for any error in the relevant Underlying Index and the relevant Underlying Index Sponsor is under no obligation to advise any person of any error therein. None of the Underlying Index Sponsors makes any representation whatsoever, whether express or implied, as to the advisability of purchasing or investing in, or assuming any risk in connection with, the Patriot Technology Index Products. BNP Paribas shall have no liability to any party for any act or failure to act by any Underlying Index Sponsor in connection with the calculation, adjustment or maintenance of the relevant Underlying Index and have no affiliation with or control over any Underlying Index or the relevant Underlying Index Sponsor or the computation, composition or dissemination of any Underlying Index. Although BNP Paribas will obtain information concerning each Underlying Index from publicly available sources that it believes reliable, it will not independently verify this information. Accordingly, no representation, warranty or undertaking (express or implied) is made and no responsibility is accepted by BNP Paribas as to the accuracy, completeness and timeliness of information concerning any Underlying Index.

BNP Paribas may act in a number of different capacities in relation to the Patriot Technology Index and/or products linked to the Patriot Technology Index, which may include, but not be limited to, acting as hedging counterparty, index sponsor and/or index calculation agent.

Introducing the