Methodology Change | Several Solactive Indices | Effective Date 28th July 2025
Today, on 24th July 2025, Solactive announces the following changes to the methodology of the following Indices (the ‘Affected Indices’):
| Name | RIC | ISIN |
| Solactive United States Large Cap REITs Select Hedged to CAD Index AR | .SUSLRCAR | DE000SL0MDB1 |
| Solactive United States Large Cap REITs Select Hedged to CAD Index TR | .SUSLRCE | DE000SL0MC97 |
| Solactive United States Large Cap REITs Select Hedged to CAD Index PR | .SUSLRCD | DE000SL0MC89 |
| Solactive American Blue Chip Select Hedged to CAD Index AR | .SUSBSCAR | DE000SL0LJV8 |
| Solactive American Blue Chip Select Hedged to CAD Index TR | .SUSBSCE | DE000SL0LJU0 |
| Solactive United States Big Banks Hedged to CAD 50 AR Index | .SUSBBC50 | DE000SL0MNA2 |
| Solactive United States Large Cap Energy Select Hedged to CAD Index AR | .SUSESCAR | DE000SL0NUD9 |
| Solactive United States Large Cap Energy Select Hedged to CAD Index TR | .SUSESCE | DE000SL0NUC1 |
| Solactive US Dividend Equity Select Index Hedged to CAD AR | .SSUDCAR | DE000SL0NRA1 |
| Solactive US Dividend Equity Select Index Hedged to CAD GTR | .SSUDCTR | DE000SL0NQE5 |
| Solactive US Dividend Equity Select Hedged to CAD Index PR | .SSUDCPR | DE000SL0NQC9 |
| Solactive US Dividend Equity Select Hedged to CAD Index NTR | .SSUDCNR | DE000SL0NQD7 |
Rationale for Methodology Change
Solactive has identified that holidays in Toronto do not align with the trading schedules of the underlying assets in some indices. Particularly when the constituents are listed on U.S. exchanges. While the Toronto market is closed, the U.S. market remains open and the index constituents continue to trade. In the case of CAD-hedged indices, this discrepancy leads to a misalignment between index calculation and the associated FX hedge. Since the FX hedge remains active and subject to market movements, not publishing the index on such days results in timing mismatches and potential tracking errors.
Changes to the Index Guideline
The following Methodology changes will be implemented in the following points of the Index Guideline (ordered in accordance with the numbering of the affected sections):
From:
“BUSINESS DAY” a day on which the Underlying Index quote, and that is not a Toronto banking holiday. For clarity, a day on which the Underlying Index does not quote or is a Toronto banking holiday is not considered as a BUSINESS DAY.
“CALCULATION DAY” is every weekday from Monday to Friday. Any day on which New York Stock Exchange (NYSE), the NASDAQ Stock Exchange (NASDAQ) are not open for general business is not a CALCULATION DAY. Additionally, any day on which commercial banks and foreign exchange markets settle payments are not open for general business in Toronto is not a CALCULATION DAY.
To:
“BUSINESS DAY” a day on which the Underlying Index quote. For clarity, a day on which the Underlying Index does not quote is not considered as a BUSINESS DAY.
“CALCULATION DAY” is every weekday from Monday to Friday. Any day on which New York Stock Exchange (NYSE), the NASDAQ Stock Exchange (NASDAQ) are not open for general business is not a CALCULATION DAY.