One off Methodology Change (criteria relaxation) | Solactive MLP Infrastructure Index (.MLPAMID) | Effective Date 17/05/2023
Today, on the 17/05/2023, Solactive announces the following one off criteria relaxation to the methodology of the following index/Indices (the ‘Affected Index/Indices’):
|
NAME |
RIC |
ISIN |
|
Solactive MLP Infrastructure Index |
.MLPAMID |
|
|
Solactive MLP Infrastructure (Gross) Index |
.MLPAMIDG |
DE000SL0ALT1 |
|
Solactive MLP Infrastructure Index (Price) |
.MLPAMIDP |
DE000SLA4HM5 |
Rationale for one off methodology change
Due to the current market environment within the MLP space Solactive determined to relax the 3 Month Average Daily Trading Value criteria as reflected in Section 2.2. 3) a. b. from currently 2 million USD to 1.5 million USD to ensure a sufficiently diversified composition and further replicability of the Indices for the May 2023 Selection.
One off change to the Index Guideline
Section 2.2. SELECTION OF THE INDEX COMPONENTS
“[…]
From:
3) The required number of Index Components is 20 and the maximum number of Index Components is 30.
a. If there are less than 20 companies that fulfil the Index Universe Requirements criteria as outlined in Section 2.1, the following criteria will be relaxed in the following order until the required number of 20 Index Components is reached:
a. Minimum Free Float Market Capitalization is relaxed up to 1,000 million USD
b. Minimum Average daily trading value in the last three months is relaxed up to 2 million USD
[…]”
To:
“[…]
3) The required number of Index Components is 20 and the maximum number of Index Components is 30.
a. If there are less than 20 companies that fulfil the Index Universe Requirements criteria as outlined in Section 2.1, the following criteria will be relaxed in the following order until the required number of 20 Index Components is reached:
a. Minimum Free Float Market Capitalization is relaxed up to 1,000 million USD
b. Minimum Average daily trading value in the last three months is relaxed up to 1.5 million USD
[…]”
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.