Methodology Change | Solactive Future Cars Index | Effective Date 08/01/2021
Today, on the 04/01/2021, Solactive announces the following changes to the methodology of the following Indices (the ‘Indices’):
| Indexname | RIC | ISIN |
| Solactive Future Cars Index | .SOLFCAR | DE000SLA3WG8 |
| Solactive Future Cars Index GTR | .SOLFCART | DE000SLA4ZX4 |
| Solactive Future Cars Index NTR | .SOLFCARN | DE000SLA3WH6 |
| Solactive Future Cars Index USD | .SOLFCARU | DE000SLA3272 |
| Solactive Future Cars Index USD NTR | .SOLCARU | DE000SLA3280 |
Rationale for Methodology Change
Solactive AG deems the current Index Methodology lacking regarding the appropriate reflection of the Index Objective. The Index Objective is set to represent an investable universe of publicly-traded companies that are involved in electric drivetrains, autonomous driving or network connected services for automobiles. Companies are classified in Business Industry Classifications, which need to be reviewed on an ongoing basis. In order to align better with the objective of the Affected Indices, the following changes are proposed.
Proposed Changes to the Index Guideline
The following Methodology changes are proposed in the following points of the Index Guideline (ordered in accordance with the numbering of the affected sections):
Section 2.1.: Selection of the Index Components
From (old version):
“[…]
- Companies classified under the sub-industry Car Manufacturers or Auto Interior Comfort/Safety/Electronics/Products are ranked according to their Research and Development (“R&D”) to Sales Ratio, and only the top 5 companies in each of these industries are eligible for inclusion in the index. All companies that fall under any of the other sub-industries will be included in the index provided they passed the minimum liquidity criteria above.”
To (new version):
“[…]
- Companies classified under the sub-industry Auto Interior Comfort/Safety/Electronics/Products are ranked according to their Research and Development (“R&D”) to Sales Ratio, and only the top 5 companies in each of these industries are eligible for inclusion in the index. All companies that fall under any of the other sub-industries will be included in the index provided they passed the minimum liquidity criteria above.”
Section: 4. Definitions
From (old version):
“[…]
- Companies must be classified under any of the following FactSet Revere Business Industry Classification System (“RBICS”) sub-industries:
- Car Manufacturers
- Auto Interior Comfort/Safety/Electronics Products
- Fuel Cell Equipment and Technology Providers
- Heavy-Duty and High-End Batteries Manufacturing
- Video Multimedia Semiconductors
- General Analog and Mixed Signal Semiconductors”
To (new version):
“[…]
- Companies must be classified under any of the following FactSet Revere Business Industry Classification System (“RBICS”) sub-industries:
- Alternative Energy Car Manufacturers
- Multi-Type Car Manufacturers
- Auto Interior Comfort/Safety/Electronics Products
- Fuel Cell Equipment and Technology Providers
- Heavy-Duty and High-End Batteries Manufacturing
- Video Multimedia Semiconductors
- General Analog and Mixed Signal Semiconductors”
Defined terms used in this announcement, but not defined herein, have the meaning assigned to them in the respective index guideline of the Indices. The amended version of the index guideline will be available on the effective date.