Conning assumes no responsibility for any loss or hardship incurred directly or indirectly by using all or a portion of the free of charge selection of Conning, Inc.’s GEMS® real-world U.S. interest and equity scenarios (“NAIC Economic Scenario Files”). The NAIC Scenario Files are provided 'as is' and in no event shall Conning be liable for any damages, including, without limitation, damages resulting from lost data or lost profits or revenue, the costs of substitute data, claims by third parties or for other similar costs, or any special, incidental, or consequential damages arising out of the use of the NAIC Economic Scenario Files. The accuracy or reliability of any projections, models or any other information provided or derived by using the NAIC Economic Scenario Files is not guaranteed or warranted in any way, and Conning disclaims liability of any kind whatsoever, including, without limitation, liability for quality, performance, merchantability and fitness for a particular purpose arising out of the use, or inability to use the NAIC Economic Scenario Files. The NAIC Economic Scenario Files are not intended to be nor should they be used as investment advice and should not be distributed to third parties without the prior consent of Conning. Conning, Inc., Goodwin Capital Advisers, Inc., Conning Investment Products, Inc., Conning Asset Management Limited, Conning Asia Pacific Limited, Octagon Credit Investors, LLC and Global Evolution Holding ApS and its group of companies are all direct or indirect subsidiaries of Conning Holdings Limited (“Conning”) which is one of the family of companies owned by Cathay Financial Holding Co., Ltd., a Taiwan-based company. Conning has investment centers in Asia, Europe and North America. ADVISE®, FIRM®, and GEMS® are registered trademarks in the U.S. of Conning, Inc. ADVISE®, FIRM®, and GEMS® are proprietary software published and owned by Conning, Inc. with all rights reserved. For complete details regarding Conning and its services, you should refer to Conning’s Form ADV Part 2, which may be obtained by calling us.