Methodology Change | Solactive LGIM ESG Global Developed Markets Equities Ex-Japan Index | Effective Date 11/05/2020

Today, on the 06/05/2020, Solactive announces the following changes to the methodology of the following Indices (the ‘Affected Indices’):

Rationale for methodology change

The current index methodology does not allow enough trading time for Asian based clients to implement the rebalancing of the portfolios  due to an extended period of holiday in Japan in the beginning of May. In order to ensure tradability of the Affected Indices, Solactive has decided to postpone the rebalancing by one week.  Additionally, in order to improve the index concept and fulfill the scope of the index in a more efficient manner, an additional screen is being implemented based on the country of listing of the securities in order to ensure that none of the securities eligible for the index inclusion are listed in Japan.

Changes to the Index Guideline

Section 2.1 INDEX UNIVERSE REQUIREMENTS

The wording will have an additional filter and change as described below and this will only become effective starting with the Selection Day in October 2020.

From:

The Index Universe is comprised of all financial instruments which fulfill the below requirements (the “Index Universe Requirements“):

• Is a member of the Solactive GBS Developed Markets ex Japan Large & Mid Cap Index (ISIN: DE000SLA8EP6), as published on the Solactive website: https://www.solactive.com.

To:

The Index Universe is comprised of all financial instruments which fulfill the below requirements (the “Index Universe Requirements“):

• Is a member of the Solactive GBS Developed Markets ex Japan Large & Mid Cap Index (ISIN: DE000SLA8EP6), as published on the Solactive website: https://www.solactive.com.
• Is not listed in Japan.

Section 6. Definition

The below changes will become effective on May 11^th, 2020 as indicated in the title.

• Rebalancing Day

From:

“The first Wednesday in May and November. If that day is not an ELIGIBLE REBALANCE DAY the REBALANCE DAY will be the immediately following ELIGIBLE REBALANCE DAY.”

To:

“The second Wednesday in May and November. If that day is not an ELIGIBLE REBALANCE DAY the REBALANCE DAY will be the immediately following ELIGIBLE REBALANCE DAY.”

• Selection Day

From:

“20 CALCULATION DAYS before the scheduled REBALANCE DAY.”

To:

“20 CALCULATION DAYS before the GBS REBALANCE DAY.”

• The Definition of the GBS REBALANCE DAY has been added:

“The first Wednesday in May and November. If that day is not an ELIGIBLE REBALANCE DAY the REBALANCE DAY will be the immediately following ELIGIBLE 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.