Methodology Change | Solactive France 20 Equal Weight Indices | Effective Date 29/10/2020

Today, 15/10/2020, Solactive announces the following changes to the methodology of the following Indices (the ‘Affected Indices’):

Rationale for methodology change

Solactive has determined that in order to keep the tradability and decrease operational risks for any product tracking the Affected Indices, the Affected Indices will be rebalanced over a five-day period going forward.

Changes to the Index Guideline

Adding in section 2.2 Ordinary Adjustment:

In order to downsize rebalance transactions the Indices are rebalanced over the Rebalance Period 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/.

Changes in section 2.3 Extraordinary Adjustment

Replacement of the exiting wording with the following new wording:

If a company included in the Indices is affected by an Extraordinary Event an adjustment of the Indices may be necessary between two regular Rebalancing Days. Such adjustments may have to be done in relation to an Index Component and/or may also affect the number of Index Components and/or the weighting of certain Index Components and will be made in compliance with Sections 2.1.7 to 2.1.10 of the Solactive Equity Index Methodology, which is incorporated by reference and available on the Solactive website: https://www.solactive.com/documents/equity-index-methodology/.

Solactive will announce the adjustment giving a notice period of at least two Trading Days (with respect to the affected Index Component) on the Solactive website under the Section “Announcements”, which is available at https://www.solactive.com/news/announcements/. The adjustments will be implemented on the effective day specified in the respective notice.

Adding in section 4 Definitions:

“Rebalance Period” is the period starting from (and including) the Rebalance Day until and (including) the immediately following 4 Trading Days. The entire Rebalance Period lasts for 5 Trading Days.

“Calculation Day” is every weekday from Monday to Friday.

“Exchange” is with respect to the Index and every Index Component, the respective exchange where the Index Component has its listing as determined in accordance with the rules as specified within the definition “Index Universe”.

Changing the definition of Trading Day, Business Day and Rebalance Day in section 4 Definitions:

Trading Day

Old wording:

A “Trading Day” is in relation to the Index or an Index Component a Trading Day on the Exchange (or a day that would have been such a day if a market disruption had not occurred), excluding days on which trading may be ceased prior to the normal Exchange closing time. The Index Calculator is ultimately responsible as to whether a certain day is a Trading Day with regard to the Index or an Index Component or in any other connection relating to this document.

New wording:

“Trading Day” is with respect to an Index Component included in the Index at the Rebalance Day and every Index Component included in the Index at the Calculation Day immediately following the Rebalance Day (for clarification: this provision is intended to capture the Trading Days for the securities to be included in the Index as new Index Components with close of trading on the relevant Exchange on the Rebalance Day) a day on which the relevant Exchange is open for trading (or a day that would have been such a day if a market disruption had not occurred), excluding days on which trading may be ceased prior to the scheduled Exchange closing time and days on which the Exchange is open for a scheduled shortened period. The Index Administrator is ultimately responsible as to whether a certain day is a Trading Day.

Business Day

Old wording:

“Business Day” means any day where the main Exchanges are open for trading.

New wording:

“Business Day” is every weekday from Monday to Friday means any day where the main Exchanges are open for trading.

Rebalancing Day

Old wording:

“Rebalancing Day” is each first Wednesday in February, May, August and November.

New wording:

“Rebalancing Day” is each first Wednesday in February, May, August, and November. If that day is not a Trading Day the Rebalancing Day will be the immediately following Trading Day.

Additionally, the Guidelines of the Indices have been merged into one index guideline document and updated for Benchmark Regulation requirements as well as other minor corrections/clarifications.

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. The amended version of the index guideline will be available on the effective date.