Methodology Change | Solactive Human Capital World ex-DA Index | Effective Date 22nd April 2020

Today, on the 18^th  April 2020, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices’):

Rationale for methodology change

In order to be consistent with other versions of Solactive Human Capital World family, Solactive has determined to make changes to the rebalance period as follows.

Changes to the Index Guideline

Section 3.1 ORDINARY REBALANCE is changed as follows:

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.

[…].

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.

[…]

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/.]

[…]

 In section 6. the definition of “Index Component” is amended

From

“Index Component” is each security reflected in the INDEX.

To

“Index Component” is each security currently included in the Index or, during a Rebalancing Period, each security currently included in the index and to be included in the index during the Rebalancing Period.

Additionally, the following definition is  added in section 6:

“REBALANCE PERIOD” is the period starting from (and including) the REBALANCE DAY until and (including) the immediately following 9 TRADING DAYS. The entire REBALANCE PERIOD lasts for 10 TRADING DAYS.