Methodology Change | Solactive Food Delivery Index | Effective Date 01/09/2023

Today, on the 18/08/2023, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices’):

Rationale for Methodology Change

Solactive AG decided to change the current five Days rebalance period to a single day rebalance due to the circumstance that the activity within this market significantly decreased since the end of the pandemic so that a multiday rebalance period is no longer required. This adjustment will also help to ease replicability and risks associated with a multiday rebalance. 

Changes to the Index Guideline

Section 3.1 Ordinary Rebalance

From:

“[…]

In order to reflect the new selection of the Index Components determined on the Selection Day (in accordance with Section 2.1 and 2.2) the Index is adjusted on the Rebalance Day after Close of Business.

This is carried out by implementing the weights as determined on the Selection Day.

For more information on the rebalance procedure please refer to the Equity Index Methodology, which is incorporated by reference and available on the Solactive website: https://www.solactive.com/documents/equity-index-methodology/]

The Index is rebalanced over the Rebalance Period to downsize rebalance transactions in accordance with the Equity Index Methodology, which is incorporated by reference and available on the Solactive website: https://www.solactive.com/documents/equity-index-methodology/.

Solactive will publish any changes made to the Index Components with sufficient notice before the Rebalance Day on the Solactive webpage under the section “Announcement”, which is available at https://www.solactive.com/news/announcements/

[…]”

To:

“[…]

In order to reflect the new selection of the Index Components determined on the Selection Day (in accordance with Section 2.1 and 2.2) the Index is adjusted on the Rebalance Day after Close of Business.

This is carried out by implementing the weights as determined on the Selection Day.

For more information on the rebalance procedure please refer to the Equity Index Methodology, which is incorporated by reference and available on the Solactive website: https://www.solactive.com/documents/equity-index-methodology/]

Solactive will publish any changes made to the Index Components with sufficient notice before the Rebalance Day on the Solactive webpage under the section “Announcement”, which is available at https://www.solactive.com/news/announcements/

[…]”

Section 6. Definitions

Deleting the following paragraph from the Definitions Section:

“Rebalance Period” is the period starting from (and including) the Rebalance Day until and (including) the immediately following 4 Trading Days.

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