Methodology Change | Solactive Autonomous & Electric Vehicles Index | Effective Date 12 January 2024

Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices’):

s

Rationale for Methodology Change

The Affected Indices provide exposure to companies that have business operations in the field of Autonomous and Electric Vehicles. In order to respond swiftly to the changes in Autonomous and Electric Vehicles sector, Solactive determined to include Initial Public Offerings (IPOs) on the next regular semi-annually rebalancing even if they have not traded for the full period. Therefore the trading period requirements will be adjusted for IPOs, taking into account the importance of the most relevant IPOs.

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):

1. Section 2.1. – INDEX UNIVERSE REQUIREMENTS

From (old version):

[…]

d) Average daily traded value in the last six months of at least USD 2,000,000 for companies that are not Index Components on the respective Selection Day and at least USD 1,400,000 for companies that are Index Components on the respective Selection Day.

[…]

To (new version):

[…]

d) Average daily traded value over the applicable TRADING MEASUREMENT PERIOD of at least USD 2,000,000 for companies that are not Index Components on the respective Selection Day and at least USD 1,400,000 for companies that are Index Components on the respective Selection Day.

[…]

i) To be considered for inclusion, initial public offerings (“IPOs”) with less than six calendar months of trading history as of the SELECTION DAY must have been listed at least 10 calendar days prior to the SELECTION DAY, if considered as SIGNIFICANT IPO, and three calendar months prior to the SELECTION DAY, in the case of other IPOs.

[…]

2. Section 2.2. – SELECTION OF THE INDEX COMPONENTS

From (old version):

[…]

If there are two or more companies that share the last rank in one of the segments, then preference is given to the company with the highest average daily volume over the last 6 months.

[…]

To (new version):

[…]

If there are two or more companies that share the last rank in one of the segments, then preference is given to the company with the highest average daily volume over the applicable Trading Measurement Period.

[…]

3. Section 6 – DEFINITIONS

The following two definitions  will be added:

“Significant IPO” is each IPO with a Market Capitalization greater than the Market Capitalization of at least 50% of the current Index Components as of the previous Selection Day.

The “Trading Measurement Period” in respect of a security as of the applicable SELECTION DAY is:

a) In the case of a company that has completed an initial public offering (“IPO”) less than six months prior to the SELECTION DAY that are SIGNIFICANT IPOs, the period from the security’s first trading day to the SELECTION DAY;

b) In the case of a company that has completed an IPO less than six months prior to the SELECTION DAY that are not SIGNIFICANT IPOs, the three months prior to the SELECTION DAY;

c) In the case of all other companies, the six months prior to the Selection Day.

Defined terms used in this announcement, but not defined herein, have the meaning assigned to them in the respective index guideline of the Affected Indices.