Methodology change | Solactive Human Capital World MV Index | Effective Date 1st April 2025

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

Rationale for Methodology Change

The current ESG data provider has decommissioned its services. As a result, Solactive has modified the methodology to ensure the index’s continuation while maintaining the integrity of ESG assessments and alignment with the index strategy.

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 2.1 Index Universe Requirements

From: 

The INDEX UNIVERSE is comprised of all financial instruments which fulfill the below requirements.
(a) VIGEO EIRIS ESG score of at least 30/100
(b) VIGEO EIRIS ESG score greater than their sector peers per REGION
(c) No companies on the warning list or with a severity critical
(d) No major involvement in Armament, Tobacco, Gambling, Nuclear, Pornography, Alcohol
(e) VIGEO EIRIS People score of at least 30/100
(f) VIGEO EIRIS People score greater than their sector peers per REGION
(g) Companies without involvement identified in the coal and tar sands, as assessed by VIGEO EIRIS;
The Universe is determined on a quarterly basis on the SELECTION DAYS in January, April, July and October. It includes those companies that are part of the SELECTION POOL and fulfill the following conditions:
– Companies with a minimum Average Daily Value Traded of at least EUR 5mn over the previous 6
months and the previous month min(𝐴𝐷𝑉6𝑚, 𝐴𝐷𝑉1𝑚) > 5𝑚𝑛).
The determination of the INDEXUNIVERSE is fully rule-based and the INDEX ADMINISTRATOR cannot make
any discretionary decisions.

To: 

The Index Universe is comprised of all financial instruments which fulfill the below requirements.

First, all Companies that are part of the Solactive GBS Developed Markets Large & Mid Cap USD Index NTR (ISIN: DE000SLA41D2), on a SELECTION DAY.

Second, eligible companies need to fulfill the following additional criteria, provided by the ESG Research Provider:

(a)           ESG Performance Score of at least 30

(b)           ESG Performance Score greater than their sector peers per Region

(c)           No companies on the warning list or with a severity critical

(d)           No major involvement in Armament, Tobacco, Gambling, Nuclear, Pornography, Alcohol

(e)           Staff Rating Score of at least 1.5

(f)            Staff Rating Score greater than their sector peers per Region

(g)           Companies without involvement identified in Fossil Fuel;

The Universe is determined on a quarterly basis on the Selection Days in January, April, July and October. It includes those companies that fulfill the requirements above and also the following conditions:

– Companies with a minimum Average Daily Value Traded of at least EUR 5mn over the previous 6 months and the previous month ).

The determination of the Index Universe is fully rule-based and the Index Administrator cannot make any discretionary decisions.

Section 6. Definitions

From: 

“VIGEO EIRIS” is a global provider of environmental, social and governance research to investors and
corporates. Vigeo Eiris provides research and solutions for sustainable value creation. For more
information, please visit: http://www.vigeo.com/

To:

“ESG RESEARCH PROVIDER” is MINERVA and ISS