Also known as: SOLGLOCO Index (Bloomberg) · DE000A1DKEA1 (Solactive code) · .SOLGLOCO (RIC)
At a glance
- Weighting schemeFree float market cap
- Constituent countMinimum: 20; Maximum: 40
- Single cap4.75
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 18 fields | |||
| Asset class | Equity | Category Description Asset Class Equity Representation of companies active in the copper mining Strategy industryOpen p.4 ↗ |
The index asset class is equity. |
| Return type | Net total return | *NTR mean that the Index is calculated as a net total return INDEX as described in the Equity Index MethodologyOpen p.4 ↗ |
The index is calculated as a net total return index. |
| Rebalancing frequency | Semi-annual | Rebalancing Fee - Rebalancing Frequency Semi AnnualOpen p.4 ↗ |
The index rebalances semi-annually. |
| Publication channels | https://www.solactive.com/, Boerse Stuttgart GmbH price marketing services | The INDEX is published on the website of the INDEX ADMINISTRATOR (https://www.solactive.com/) and is, in addition, available via the price marketing services of Boerse Stuttgart GmbHOpen p.4 ↗ |
The index is published on Solactive's website and may be available through Boerse Stuttgart GmbH and affiliated vendors. |
| Index name | Solactive Global Copper Miners Total Return Index | The INDEX is published under the following identifiers: Name ISIN Currency Type RIC BBG ticker Solactive Global Copper DE000A1DKEA NTR Miners Total Return USD .SOLGLOCO SOLGLOCO Index 1 * IndexOpen p.4 ↗ |
The official index name is Solactive Global Copper Miners Total Return Index. |
| Index short name | SOLGLOCO | Solactive Global Copper DE000A1DKEA NTR Miners Total Return USD .SOLGLOCO SOLGLOCO Index 1 * IndexOpen p.4 ↗ |
The Bloomberg ticker and short identifier used in the document is SOLGLOCO. |
| Index code | .SOLGLOCO | Solactive Global Copper DE000A1DKEA NTR Miners Total Return USD .SOLGLOCO SOLGLOCO Index 1 * IndexOpen p.4 ↗ |
The index RIC is .SOLGLOCO. |
| Vendor codes | Bloomberg: SOLGLOCO Index; Refinitiv: .SOLGLOCO | Solactive Global Copper DE000A1DKEA NTR Miners Total Return USD .SOLGLOCO SOLGLOCO Index 1 * IndexOpen p.4 ↗ |
The index has Bloomberg ticker SOLGLOCO Index and RIC .SOLGLOCO. |
| Administrator | Solactive AG | Solactive AG German Index Engineering Platz der Einheit 1 60327 Frankfurt am Main GermanyOpen p.18 ↗ |
Solactive AG is the index administrator. |
| Index family | Solactive Global Copper Miners | Part of the MARKET WATCH for the Solactive Global Copper Miners Index which includes companies with a business focus within the copper mining industryOpen p.6 ↗ |
The index belongs to the Solactive Global Copper Miners index family. |
| Base date | 2010-02-26 | The INDEX is based on 100 at the close of trading on the START DATE, 26/02/2010.Open p.4 ↗ |
The index start date used for its initial level is 26 February 2010. |
| Base value | 100 | The INDEX is based on 100 at the close of trading on the START DATE, 26/02/2010.Open p.4 ↗ |
The index was based on 100 at its start date. |
| Currency | USD | Solactive Global Copper DE000A1DKEA NTR Miners Total Return USD .SOLGLOCO SOLGLOCO Index 1 * IndexOpen p.4 ↗ |
The index is calculated in USD. |
| Methodology version | 3.3 | 3.3 2024-04-19 IN ADJUSTMENT/REBALANCE DAY DEFINITIONOpen p.17 ↗ |
The most recent listed guideline version is 3.3, dated 19 April 2024. |
| Methodology date | 2024-04-19 | 3.3 2024-04-19 IN ADJUSTMENT/REBALANCE DAY DEFINITIONOpen p.17 ↗ |
The most recent listed methodology version date is 19 April 2024. |
| Objective | Representation of companies active in the copper mining industry | Category Description Asset Class Equity Representation of companies active in the copper mining Strategy industry Regional Allocation Global Markets.Open p.4 ↗ |
The index represents companies active in the copper mining industry. |
| Market classification | Global | Category Description Asset Class Equity Representation of companies active in the copper mining Strategy industry Regional Allocation Global Markets.Open p.4 ↗ |
The index has a global regional allocation across developed and emerging markets, excluding China, India, and Taiwan. |
| Index family type | Thematic | Category Description Asset Class Equity Representation of companies active in the copper mining Strategy industry Regional Allocation Global Markets.Open p.4 ↗ |
The index is a thematic equity index focused on copper mining. |
| M2 Universe · 6 fields | |||
| Business scope | Companies with a business focus in copper mining or closely related activities, including exploration and refining of copper. | which includes companies with a business focus within the copper mining industry or closely related activities, as reflected by publicly reported activities and the revenues generated or expected to be generated within these areas (i.e. exploration and refining of copper).Open p.6 ↗ |
Universe companies must have a business focus in copper mining or closely related activities such as exploration and refining. |
| Market watch requirement | Yes | Part of the MARKET WATCH for the Solactive Global Copper Miners Index which includes companies with a business focus within the copper mining industryOpen p.6 ↗ |
A company must be part of the Market Watch for the Solactive Global Copper Miners Index. |
| Markets | developed markets, emerging markets excluding China, emerging markets excluding India, emerging markets excluding Taiwan | Primary listing in one of the countries that are part of the Developed Markets and Emerging Markets (excluding China, India, and Taiwan) as defined by the Solactive Country ClassificationOpen p.6 ↗ |
The universe covers primary listings in developed and emerging markets, excluding China, India, and Taiwan, under the Solactive Country Classification. |
| Security types | Other | The INDEX UNIVERSE is comprised of all financial instruments which fulfill the below requirementsOpen p.6 ↗ |
The universe consists of financial instruments, but the document does not specify the precise security type beyond equity-linked instruments. |
| Nationality rule | A company must have its primary listing in a developed or emerging market country, excluding China, India, and Taiwan, as defined by the Solactive Country Classification. | Primary listing in one of the countries that are part of the Developed Markets and Emerging Markets (excluding China, India, and Taiwan) as defined by the Solactive Country ClassificationOpen p.6 ↗ |
Country eligibility is based on primary listing and the Solactive Country Classification. |
| Exclusions | China, India, Taiwan, companies outside the Solactive Global Copper Miners Market Watch | Primary listing in one of the countries that are part of the Developed Markets and Emerging Markets (excluding China, India, and Taiwan) as defined by the Solactive Country ClassificationOpen p.6 ↗ |
Primary listings in China, India, and Taiwan are excluded, and companies must belong to the Solactive Global Copper Miners Market Watch. |
| M3 Eligibility screens · 6 fields | |||
| Oversight committee liquidity discretion | Yes | The Oversight Committee may decide to include companies in the INDEX Universe which do not fulfil the LIQUIDITY CRITERION.Open p.6 ↗ |
The Oversight Committee may include companies in the index universe even if they do not meet the liquidity criterion. |
| Significant IPO listing age | Minimum value: 10 calendar days | must have been listed at least 10 calendar days prior to the SELECTION DAY, if considered as SIGNIFICANT IPOOpen p.6 ↗ |
A significant IPO must have been listed at least 10 calendar days before the selection day. |
| Other IPO listing age | Minimum value: 3 calendar months | and three calendar months prior to the SELECTION DAY, in the case of other IPOs.Open p.6 ↗ |
An IPO that is not considered significant must have been listed at least three calendar months before the selection day. |
| Trading history | Minimum value: 3 calendar months; Exceptions: IPOs considered significant must have been listed at least 10 calendar days prior to the selection day; other IPOs must have been listed at least three calendar months prior | initial public offerings (“IPOs”) with less than three calendar months of trading history as of the SELECTION DAY must have been listed at least 10 calendar days prior to the SELECTION DAY, if considered as SIGNIFICANT IPO, and three calendar months prior to the SELECTION DAY, in the case of other IPOs.Open p.6 ↗ |
Other IPOs need at least three calendar months of trading history, while significant IPOs need at least 10 calendar days before the selection day. |
| Liquidity screen | Metric: Average daily value; Window: Trading measurement period; Threshold: USD 500,000 for non-constituents and USD 250,000 for existing constituents; average daily trading volume must be at least 75,000 shares for each of the last six months or shorter available history; Buffer for existing: Existing constituents have a lower average daily traded value threshold of USD 250,000 | Average Daily Traded Value over all national exchanges within the listed country of at least 500,000 USD over the TRADING MEASUREMENT PERIOD for companies that are not in the INDEX as of the SELECTION DAY, and 250,000 USD for companies that are in the INDEX as of the SELECTION DAY.Open p.6 ↗ |
Non-constituents need average daily traded value of at least USD 500,000 and existing constituents USD 250,000 over the trading measurement period, plus average daily volume of at least 75,000 shares for each of the last six months. |
| Minimum size | Metric: Float adjusted market cap; Threshold: USD 200 million for non-constituents and USD 100 million for existing constituents | FREE FLOAT MARKET CAPITALIZATION of at least 200 million USD for companies that are not in the INDEX as of the SELECTION DAY, and 100 million USD for companies that are in the INDEX as of the SELECTION DAY.Open p.6 ↗ |
Non-constituents must have free-float market capitalization of at least USD 200 million, while existing constituents must have at least USD 100 million. |
| M4 Selection and constituent count · 3 fields | |||
| Selection method | Rank by metric | The companies in the INDEX UNIVERSE are ranked in a descending order according to their Average daily value traded over the applicable Trading Measurement Period expressed in USD.Open p.7 ↗ |
Companies are ranked in descending order by average daily traded value in USD, and the highest-ranked companies are selected as index components. |
| Ranking metrics | Name: Average daily value traded USD; Window: Applicable trading measurement period; Direction: Descending; Step order: 1 | The companies in the INDEX UNIVERSE are ranked in a descending order according to their Average daily value traded over the applicable Trading Measurement Period expressed in USD.Open p.7 ↗ |
The ranking metric is average daily value traded in USD over the applicable trading measurement period, ranked from highest to lowest. |
| Target constituent count | Minimum: 20; Maximum: 40 | The minimum number of INDEX COMPONENTS is 20 and the maximum number of INDEX COMPONENTS is 40. The OVERSIGHT COMMITTEE may decide to increase the maximum number of INDEX COMPONENTS on a SELECTION DAY.Open p.7 ↗ |
The index must contain at least 20 and no more than 40 index components, although the oversight committee may increase the maximum on a selection day. |
| M5 Weighting and capping · 8 fields | |||
| Rank buffer for existing constituents | 5 ranks | In case the rank assigned to a company which is currently an INDEX COMPONENT on a SELECTION DAY is not sufficient to be selected as an INDEX COMPONENT, it shall only be removed from the INDEX if its rank exceeds the maximum number of INDEX COMPONENTS by more than five ranks.Open p.7 ↗ |
An existing constituent that falls below the selection cutoff is removed only when its rank is more than five ranks beyond the maximum constituent count, and the lowest-ranked newly selected non-member is not added in that case. |
| Illiquid components aggregate cap | 10% | The aggregate percentage weight of the INDEX COMPONENTS which do not fulfill the LIQUIDITY CRITERION is capped at 10%. The excess weight is allocated proportionally to all INDEX COMPONENTS whose percentage weight is not capped.Open p.8 ↗ |
The aggregate weight of index components that do not satisfy the liquidity criterion is capped at 10%, with excess weight allocated proportionally to uncapped components. |
| No change discretion | Yes | The OVERSIGHT COMMITTEE may decide on the SELECTION DAY that if the current INDEX COMPONENTS and weightings are still compliant with applicable financial product regulations and if the INDEX still validly represents the copper market (in particular, no components need to be added or removed) that there will be no change to the INDEX COMPONENTS and weightings on the upcoming ADJUSTMENT DAY.Open p.8 ↗ |
On a selection day, the oversight committee may leave both constituents and weights unchanged if they remain regulation-compliant and the index still validly represents the copper market. |
| Weighting scheme | Free float market cap | On each SELECTION DAY each INDEX COMPONENT of the Solactive Global Copper Miners Total Return Index is weighted proportionally according to its FREE FLOAT MARKET CAPITALIZATION, the following caps and weight restrictions are then applied:Open p.7 ↗ |
Each index component is weighted proportionally to its free-float market capitalization, followed by the stated caps and weight restrictions. |
| Weight cap | 4.75% | The percentage weight of an INDEX COMPONENT is capped at 4.75%. The excess weight is allocated proportionally to all INDEX COMPONENTS whose percentage weight is not capped.Open p.8 ↗ |
The weight of any single index component is capped at 4.75%. |
| Cap application timing | At review | On each SELECTION DAY each INDEX COMPONENT of the Solactive Global Copper Miners Total Return Index is weighted proportionally according to its FREE FLOAT MARKET CAPITALIZATION, the following caps and weight restrictions are then applied:Open p.7 ↗ |
Weights and caps are applied on each selection day for implementation through shares determined from closing market data on that day. |
| Shares outstanding | Shares are implemented based on weights calculated from closing market data as of the selection day. | This is carried out by implementing the shares as determined based on the weights calculated on the close market data as of the SELECTION DAY.Open p.8 ↗ |
The share implementation is based on weights calculated using closing market data as of the selection day. |
| Divisor adjustment rule | The divisor is adjusted so that an event does not change the index level, using the ratio of post-event market capitalization or adjusted index value to pre-event value. | This change in Market Capitalization requires a Divisor adjustment to keep the index level constant.From Solactive Equity Index Methodology ↗ |
For divisor indices, corporate actions and some rebalances adjust the divisor to keep the index level continuous. |
| M6 Review and rebalance schedule · 4 fields | |||
| Ordinary rebalance procedure reference | Equity Index Methodology | For more information on the rebalance procedure please refer to the Equity Index Methodology, which is incorporated by reference and available on the Solactive websiteOpen p.8 ↗ |
The ordinary rebalance procedure follows the Equity Index Methodology, which is incorporated by reference. |
| Data cutoff rule | Shares and weights are determined on the selection day. | This is carried out by implementing the shares as determined on the SELECTION DAY based on the weights calculated on the SELECTION DAY.Open p.8 ↗ |
The ordinary rebalance implements the shares and weights determined on the selection day. |
| Announcement rule | Solactive publishes constituent changes with sufficient notice before the rebalance day in the Announcement section of its website. | SOLACTIVE will publish any changes made to the INDEX COMPONENTS with sufficient notice before the REBALANCE DAY on the SOLACTIVE website under the section “Announcement”Open p.9 ↗ |
Solactive publishes constituent changes with sufficient notice before the rebalance day on its website under Announcement. |
| Effective date rule | Changes are implemented on the adjustment day after close of business. | In order to reflect the new selection of the INDEX COMPONENTS determined on the SELECTION DAY (in accordance with Section 2) the INDEX is adjusted on the ADJUSTMENT DAY after the CLOSE OF BUSINESS.Open p.8 ↗ |
The index is adjusted on the adjustment day after the close of business to reflect the newly selected index components. |
| M8 Corporate actions, IPOs, ad-hoc changes · 11 fields | |||
| Extraordinary rebalance timing | The index is adjusted on the same day a constituent is removed because of an extraordinary event and a successor is designated. | The Solactive Global Copper Miners Total Return Index is adjusted on the same day.Open p.9 ↗ |
For an extraordinary removal, the index is adjusted on the same day. |
| Extraordinary rebalance announcement | Announcement after close of business on the day the oversight committee determines the new index composition. | This is announced on the Solactive website under the Section “Announcements”, which is available at https://www.solactive.com/news/announcements/, after the CLOSE OF BUSINESS on the day on which the new composition of the INDEX was determinedOpen p.9 ↗ |
An extraordinary composition change is announced under Announcements after close of business on the determination day. |
| Corporate action notice period | 2 trading days | SOLACTIVE will announce the INDEX adjustment giving a notice period of at least two TRADING DAYS (with respect to the affected INDEX COMPONENT)Open p.10 ↗ |
Solactive announces index adjustments for corporate actions with at least two trading days' notice for the affected constituent. |
| Corporate action effective day | Adjustments are implemented on the effective day specified in the respective notice. | The INDEX adjustments will be implemented on the effective day specified in the respective notice.Open p.10 ↗ |
Corporate-action index adjustments take effect on the effective day stated in the relevant notice. |
| Corporate action scope | Cash Distributions, Stock distributions, Stock distributions of another company, Share splits, Reverse splits, Capital increases, Share repurchases, Spin-offs, Mergers & Acquisitions, Delistings, Nationalization of a company, Insolvency | SOLACTIVE considers following, but not conclusive, list of corporate actions as relevant for INDEX maintenance: Cash DistributionsOpen p.10 ↗ |
The non-conclusive list of relevant corporate actions includes cash and stock distributions, splits, capital increases, repurchases, spin-offs, mergers and acquisitions, delistings, nationalization, and insolvency. |
| Discretion for unusual or complex actions | Solactive may deviate from standard corporate-action procedures for unusual or complex actions or to preserve index comparability and representativeness. | it retains the right in accordance with the Equity Index Methodology to deviate from these standard procedures in case of any unusual or complex corporate action or if such a deviation is made to preserve the comparability and representativeness of the INDEX over time.Open p.10 ↗ |
Solactive may deviate from standard procedures for unusual or complex corporate actions or to preserve the index's comparability and representativeness. |
| Ad-hoc deletion | Acquisition, Delisting, Other, Bankruptcy | Mergers & Acquisitions (transaction in which the ownership of a company (or other business organizations) are transferred or consolidated with other entitiesOpen p.11 ↗ |
Relevant corporate-action events include mergers and acquisitions, delistings, nationalization, and insolvency. |
| Replacement policy | None | If a company included in the Solactive Global Copper Miners Total Return Index is removed from the INDEX between two ADJUSTMENT DAYS due to an Extraordinary Event, if necessary, the OVERSIGHT COMMITTEE shall designate a successor.Open p.9 ↗ |
If a constituent is removed due to an extraordinary event, the oversight committee may designate a successor only if necessary. |
| Merger spinoff rules | Spin-offs and mergers and acquisitions are treated as corporate actions from cum-day to ex-day under the Equity Methodology. | Corporate actions will be implemented from the cum-day to the ex-day of the corporate action, so that the adjustment to the INDEX coincides with the occurrence of the price effect of the respective corporate action.Open p.10 ↗ |
Spin-offs and mergers and acquisitions are implemented from cum-day to ex-day in accordance with the Equity Methodology. |
| Corporate actions guide ref | Equity Index Methodology | Adjustments to the INDEX to account for corporate actions will be made in compliance with the Equity Methodology, which is available on the SOLACTIVE websiteOpen p.10 ↗ |
Corporate-action adjustments are made in compliance with the Equity Index Methodology, also called the Equity Methodology. |
| Deletion price | Typically the last available stock price; alternative-market prices, transaction deal terms, distribution terms, or 0.00000001 may be used when a robust market price is unavailable; sanctioned securities may be removed at zero. | If available, the Index Component is deleted on the basis of its last available stock price.From Solactive Equity Index Methodology ↗ |
Securities are generally deleted at the last available price, with alternative prices, deal terms, distribution values, a nominal near-zero price, or zero in specified situations. |
| M9 Calculation and return variants · 13 fields | |||
| Foreign exchange rate source | Current ICE spot foreign exchange rate for intraday calculation; 4:00 p.m. London time WM Fixing quoted by Reuters for closing calculation. | TRADING PRICES of INDEX COMPONENTS not listed in the INDEX CURRENCY are converted using the current Intercontinental Exchange (ICE) spot foreign exchange rate.Open p.4 ↗ |
Non-index-currency prices are converted intraday using the current ICE spot rate and at the close using the 4:00 p.m. London WM Fixing quoted by Reuters. |
| Closing FX fallback | If the relevant-day WM Fixing is unavailable, the last available 4:00 p.m. London time WM Fixing is used. | If there is no 04:00 p.m. London time WM Fixing for the relevant CALCULATION DAY, the last available 04:00 p.m. London time WM Fixing will be usedOpen p.5 ↗ |
If the current WM Fixing is unavailable for the closing calculation, the last available WM Fixing is used. |
| Calculation methodology reference | Calculation is performed according to the Solactive Equity Index Methodology. | The calculation is performed according to the Equity Index Methodology, which is available on the SOLACTIVE websiteOpen p.10 ↗ |
The index calculation follows the Equity Index Methodology published on Solactive's website. |
| Formula type | Divisor | The divisor index formula stipulates that the level of the INDEX changes based on the change of the prices of its INDEX COMPONENTS taking into account their weight in the INDEX and any currency conversionOpen p.10 ↗ |
The index uses a divisor index formula. |
| Price source | Intraday calculation uses current trading prices on the listing exchanges; if unavailable, the later of the most recent closing price or last available trading price for the preceding trading day is used; closing calculation uses closing prices. | based on the TRADING PRICES on the EXCHANGES on which the INDEX COMPONENTS are listed.Open p.4 ↗ |
Intraday levels use current trading prices, with the later of the most recent closing price or previous trading day's last trading price as fallback, while the closing level uses closing prices. |
| Calculation frequency | Intraday window: 08:00-22:50 CET; End of day: Yes; Schedule: each calculation day | The level of the INDEX is calculated on each CALCULATION DAY from 8:00am to 10:50pm CET based on the TRADING PRICES on the EXCHANGESOpen p.4 ↗ |
The index is calculated intraday on each calculation day from 8:00 a.m. to 10:50 p.m. CET and a closing level is also calculated. |
| Precision | 4 decimal places | The level of the INDEX will be rounded to 4 decimal places.Open p.10 ↗ |
The published index level is rounded to four decimal places. |
| Return variants | NTR | The INDEX is calculated as a net total return Index.Open p.10 ↗ |
The index is calculated as a net total return index. |
| Dividend treatment | Dividends and other distributions are reinvested across the entire basket of index components by means of a divisor at the opening of the ex-date. | Any dividends or other distributions are reinvested across the entire basket of INDEX COMPONENTS by means of a divisor at the opening of the effective date (the so-called ex-date)Open p.10 ↗ |
Dividends and other distributions are reinvested across the whole index basket through a divisor at the opening of the ex-date. |
| Divisor adjustment | Dividends, other distributions | Any dividends or other distributions are reinvested across the entire basket of INDEX COMPONENTS by means of a divisor at the opening of the effective dateOpen p.10 ↗ |
Dividends and other distributions trigger reinvestment through a divisor adjustment at the opening of the ex-date. |
| Market disruption rule | During periods of market stress, Solactive follows the predefined and exhaustive arrangements in the Solactive Disruption Policy, incorporated by reference. | In periods of market stress SOLACTIVE calculates its indices following predefined and exhaustive arrangements as described in the Solactive Disruption PolicyOpen p.12 ↗ |
During market stress that causes inaccurate or delayed prices, Solactive applies the predefined arrangements in its Disruption Policy. |
| Recalculation policy | Solactive endeavors to correct identified errors within a reasonable period, with measures specified in the Solactive Correction Policy. | SOLACTIVE endeavors to correct all errors that have been identified within a reasonable period of time.Open p.11 ↗ |
Solactive seeks to correct all identified index errors within a reasonable period under its incorporated Correction Policy. |
| Withholding tax basis | Withholding tax or other typical investor costs are deducted in Net Total Return indices, generally using Solactive's applicable withholding tax rates and country or security-specific exceptions. | a Net Total Return Index considers payments, such as dividends, after the deduction of any withholding tax or other amounts an investor holding the Index Components would typically be exposed to.From Solactive Equity Index Methodology ↗ |
Net Total Return indices deduct withholding tax or other amounts a typical investor would bear, using applicable Solactive withholding tax rates and specified country, REIT, depository receipt, Brazil, Australia, Japan, New Zealand, and other exceptions. |
| M10 Governance, change policy, disclosure · 11 fields | |||
| Administrator | Solactive AG | The INDEX is owned, calculated, administered and published by Solactive AG (“SOLACTIVE”) assuming the role as administrator (the “INDEX ADMINISTRATOR”)Open p.1 ↗ |
Solactive AG owns, calculates, administers, and publishes the index as benchmark administrator. |
| Amendment approval | Rule amendments require prior approval by the Oversight Committee and compliance with the Methodology Policy. | Any such amendment, which may result in an amendment of the GUIDELINE, must be submitted to the OVERSIGHT COMMITTEE for prior approval and will be made in compliance with the Methodology PolicyOpen p.14 ↗ |
Any rule amendment that may amend the guideline must receive prior Oversight Committee approval and comply with the Methodology Policy. |
| Changes to calculation method | Solactive may change the method when required by market, supervisory, legal, financial, or tax reasons, or to prevent or remedy obvious or demonstrable errors. | the market environment, supervisory, legal and financial or tax reasons may require changes to be made to this method.Open p.13 ↗ |
The administrator may alter the calculation method for market, regulatory, legal, financial, tax, error-prevention, or correction reasons. |
| Oversight body | Oversight Committee | An oversight committee composed of staff from SOLACTIVE and its subsidiaries (the “OVERSIGHT COMMITTEE”) is responsible for decisions regarding any amendments to the rules of the INDEX.Open p.14 ↗ |
An oversight committee composed of staff from Solactive and its subsidiaries oversees amendments to the index rules. |
| Discretion points | determination of the index universe, if applicable, selection of index components, if applicable, other relevant decisions in relation to the index | for example the determination of the INDEX UNIVERSE (if applicable), the selection of the INDEX COMPONENTS (if applicable) or any other relevant decisions in relation to the INDEXOpen p.13 ↗ |
Discretion may apply to determining the index universe, selecting index components, and other relevant index decisions, subject to strict rules. |
| Methodology review frequency | at least annually | The methodology of the INDEX is subject to regular review, at least annually.Open p.13 ↗ |
The index methodology is reviewed regularly and at least once per year. |
| Error correction policy | Errors are corrected within a reasonable period as governed by the Solactive Correction Policy; Solactive is not obligated to advise third parties of index errors. | SOLACTIVE endeavors to correct all errors that have been identified within a reasonable period of time.Open p.11 ↗ |
Identified errors are corrected within a reasonable period under the Correction Policy, but Solactive has no obligation to notify third parties. |
| Change announcement | Solactive website Announcement section | Such change in the methodology will be announced on the SOLACTIVE website under the Section “Announcement”Open p.13 ↗ |
Methodology changes are announced in the Announcement section of the Solactive website. |
| Cessation policy | Orderly cessation may occur if the underlying market or economic reality changes substantially, index rules can no longer be applied coherently, or the index is no longer used; procedures follow the Solactive Termination Policy. | Nevertheless, if no other options are available the orderly cessation of the INDEX may be indicated.Open p.13 ↗ |
If no viable alternative exists, Solactive may terminate the index under its Termination Policy when the market reality changes substantially, rules cannot be coherently applied, or use ceases. |
| Material change definition | A material change includes a change in index objective, or a methodology change altering the overall concept or nature of the index and affecting integrity and continued comparability, with expected significant impact on composition, weighting or level; uncertain classifications default to material. | A ‘MATERIAL CHANGE’ is considered in the following events: change in the objective of the INDEX (e.g., change in the market or economic reality that the Index is intended to represent;From Solactive Methodology Policy ↗ |
A material change changes the index objective or overall concept/nature, affects integrity and comparability, and is expected to significantly affect composition, weighting or index level; ambiguous changes are treated as material. |
| Notice period | 2 trading days | SOLACTIVE shall announce the extraordinary INDEX adjustment with a notice period of at least two TRADING DAYS.From Solactive Disruption Policy ↗ |
An extraordinary index adjustment for removal is announced with a notice period of at least two trading days. |
Open points · 33Model-written, for reference
- 1The body text does not provide a distinct launch date separate from the 26 February 2010 start date.
- 2The document does not state a calculation agent different from Solactive AG.
- 3The document does not identify a parent index used as the selection universe.
- 4No specific exchanges or listing boards are named.
- 5The precise instrument type is described only as equity financial instruments; common shares are not explicitly stated.
- 6No minimum free-float percentage, foreign room, voting rights, minimum share price, financial-health screen, ESG exclusion, suspension rule, or extreme-price screen is stated.
- 7The trading measurement period is referenced but not defined.
- 8The regulated-benchmark status is not stated.
- 9No tie-breaking rule for companies with equal average daily traded value is stated.
- 10No industry or sector neutrality selection rule is stated.
- 11No reserve list or pre-ranked replacement candidate rule is stated.
- 12No detailed free-float factor methodology or free-float bands are stated.
- 13No domestic inclusion factor is stated.
- 14No foreign ownership limit treatment is stated.
- 15No sector or country caps are stated.
- 16No explicit divisor adjustment continuity rule is stated.
- 17The provided selection rule identifies a ranking and a 20-40 component range but does not specify how the exact number within the range is determined.
- 18The reviewed sections do not state the ordinary review or rebalancing frequency.
- 19The reviewed sections do not state the review months or calendar schedule.
- 20The reviewed sections do not distinguish review types such as annual, semi-annual, or quarterly reviews.
- 21The reviewed sections do not state a rank buffer, size-segment buffer, liquidity buffer for existing constituents, or maximum turnover per review.
- 22The reviewed sections do not state a fast-entry rule for large new listings.
- 23The reviewed sections do not specify the price used when a constituent is deleted.
- 24The reviewed sections do not state a numerical threshold for implementing share or free-float changes between reviews.
- 25The reviewed sections do not define a ranked reserve list; successor designation is discretionary and only if necessary.
- 26The document does not state the withholding tax rate or tax basis used for the net total return calculation.
- 27The document does not specify an external review or external consultation procedure for methodology changes.
- 28The document does not define material change.
- 29The document does not state a required notice period for methodology or calculation changes.
- 30The document does not state whether or how often constituent lists are published.
- 31The full list of divisor adjustment events beyond dividends and other distributions is not stated and may reside in the incorporated Equity Index Methodology.
- 32Specific market-disruption calculation outcomes are incorporated by reference in the Solactive Disruption Policy but not stated.
- 33Not coveredM7 Buffers and turnover control: not covered by this edition
Read by a language model (doubao-seed-2.1-pro) on 2026-10-04 · prompt 1.3 · schema 1 · 80 of 80 quotes found word for word in the PDF · includes general rules: Equity Index Methodology v1.20, Methodology Policy v1.6, Disruption Policy v1.5
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