Change in Cost Structure | US Equity Defensive Covered Call Index – | Effective Date 15th January 2025

The option transaction costs used to calculate the US Equity Defensive Covered Call Index (RIC .UISEUSCA, ISIN DE000SL0AS44) were determined back in 2019/2020. Since then, with the addition of Tuesday and Thursday options and a significant increase in traded $ option volume in SPX, the transaction costs have compressed quite a bit in the last couple of years, therefore we are  adjusting the costs to be more in line with the current market environment.

The exact changes can be seen in the guideline already uploaded (in particular Section 1.2 and Section 2.1 were adjusted).

This change is effective on the 15th January 2025.