Methodology Change | Solactive Gold & Silver Miners US Listing Carbon Index | Effective Date 13/05/2025

Today, on the 07/05/2025, Solactive announces the following changes to the methodology of the following index (the ‘Affected Index’):

Rationale for Methodology Change

The index represents companies active in the Gold and Silver Mining industry that operate in
accordance with established norms and good governance practices. As such, the Solactive Gold &
Silver Miners US Listings Index serves as the starting universe.
Solactive proposes adjusting the Governance Rating threshold in Section 2.2. of the index
methodology from “B- or lower” to “D+ or lower” to maintain sufficient diversification.
Additionally, to better reflect market dynamics, Solactive recommends aligning the rebalancing
schedule with that of the underlying index universe—changing from an annual rebalancing in
February to a quarterly schedule based on GBS logic.

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):

Section 2.2: SELECTION OF THE INDEX COMPONENTS
Old:
“[…]
3) Solactive evaluates remaining companies from step 2 based on the criteria outlined in the table
below. The evaluation is based on data provided by the DATA PROVIDER. All companies violating any
of the exclusion criteria above are excluded. All companies for which an evaluation of these
exclusion criteria is not possible due to insufficient and/or missing information or data are also
excluded.

[…]”

New: 

“[…]
3) Solactive evaluates remaining companies from step 2 based on the criteria outlined in the table
below. The evaluation is based on data provided by the DATA PROVIDER. All companies violating any
of the exclusion criteria above are excluded. All companies for which an evaluation of these
exclusion criteria is not possible due to insufficient and/or missing information or data are also
excluded.

[…]”

Section 6: DEFINITION
Old:
“[…]
“REBALANCE DAY” is the last BUSINESS DAY in February. If that day is not an Eligible Rebalance Day, the
Rebalance Day will be the immediately following Eligible Rebalance Day.
[…]
“SELECTION DAY” is 10 BUSINESS DAYS before the scheduled REBALANCE DAY.
[…]”
New:
“[…]
“REBALANCE DAY” is the first Wednesday in February, May, August and November. If that day is not
an Eligible Rebalance Day, the Rebalance Day will be the immediately following Eligible Rebalance
Day.
[…]
“SELECTION DAY” is 20 BUSINESS DAYS before the scheduled REBALANCE 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. The amended version of the index guideline will be available on the effective date.