Methodology Change | Solactive US Large & Mid Cap Technology Index | Effective Date 27/02/2023

Today, on the 10/02/2023, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices’):

Rationale for Proposed Changes

Due to the change of the data provider Solactive has decided to switch from the formerly used TRBC Sector  “Technology” to the below mentioned mapping within the FactSet Sector Classification System. Since the Indices intend to track the performance of stocks included in the TRBC Sector “Technology” Solactive identified that via the below mentioned FactSet Classifications selection scheme the best mapping to the TRBC Sector “Technology” can be achieved.

Changes to the Index Guideline

The following Methodology changes are proposed in the following points of the Index Guideline (ordered in accordance with the numbering of the affected sections):

Section 1 Index Specifications

From (old version):

[…]

• The Index intends to track the performance of the large and midcap segment covering approximately the largest 85% of the free-float market capitalization in the United States. All index components need to be classified in the Technology sector as defined by the TRBC Sector Classification.

[…]

To (new version):

[…]

• The Index intends to track the performance of the large and midcap segment covering approximately the largest 85% of the Free Float Market Capitalization in the United States. All Index Components need to be active within the Technology sector as defined in Section 2.1.

[…]

Section 2.1 Selection of the Index Components

From (old version):

The initial composition of the Index as well as any ongoing adjustment are based on the following non-discretionary rules:

In a first step, all companies that are part of the Index Universe of the Solactive GBS United States Large & Mid Cap Index on a Selection Day are eligible for inclusion.

In a second step, companies must fulfill the following criteria:

• Must be listed in the United States.
• Must be classified in the Technology sector as defined by the TRBC Sector Classification.

To (new version):

The initial composition of the Index as well as any ongoing adjustment are based on the following non-discretionary rules:

In a first step, all companies that are part of the Index Universe of the Solactive GBS United States Large & Mid Cap Index on a Selection Day are eligible for inclusion.

.

In a second step, companies must fulfill the following criteria:

• Must be listed in the United States.
• Must be classified in the Economy “Technology” as defined by the FactSet Sector Classification.
  • Securities belonging to the FactSet Industry “Electronic Equipment/Instruments” and “Aerospace & Defense” are not eligible for selection.
• All stocks from the FactSet Industry Cable/Satellite TV and Miscellaneous Commercial Services are eligible for selection.

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.