I NDEX G UIDELINE
SOLACTIVE BBVA US SMALL CAPS SELECT SIC MXN
INDEX

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20 September 2024

INDEX GUIDELINETABLE OF CONTENTS
Introduction .............................................................................................................................................................................................................................. 3
1.

Index Specifications ................................................................................................................................................................................................... 4
1.1.

Scope of the Index ................................................................................................................................................................................................ 4

1.2.

Identifiers and Publication ................................................................................................................................................................................ 4

1.3.

Initial Level of the Index ..................................................................................................................................................................................... 4

1.4.

Prices and calculation frequency ................................................................................................................................................................... 5

1.5.

Licensing.................................................................................................................................................................................................................. 52.

Index Selection ............................................................................................................................................................................................................ 6
2.1.

Index Universe Requirements........................................................................................................................................................................... 6

2.2.

Selection of the Index Components ............................................................................................................................................................... 6

2.3.

Weighting of the Index Components .............................................................................................................................................................. 7

3.

Rebalance ..................................................................................................................................................................................................................... 8
3.1.

Ordinary Rebalance ............................................................................................................................................................................................. 8

3.2.

Extraordinary Rebalance ................................................................................................................................................................................... 8

4.

Calculation of the Index ......................................................................................................................................................................................... 10
4.1.

Index formula ....................................................................................................................................................................................................... 10

4.2.

Accuracy ................................................................................................................................................................................................................ 10

4.3. Adjustments ......................................................................................................................................................................................................... 10
4.4. Corporate actions ................................................................................................................................................................................................ 11
4.5. Recalculation ........................................................................................................................................................................................................ 124.6. Market Disruption ................................................................................................................................................................................................ 12
5.

Miscellaneous .............................................................................................................................................................................................................13
5.1.

Discretion ...............................................................................................................................................................................................................13

5.2.

Methodology Review...........................................................................................................................................................................................135.3. Changes in calculation method ......................................................................................................................................................................135.4. Termination ...........................................................................................................................................................................................................14
5.5.

Oversight ................................................................................................................................................................................................................14

6.

Definitions ....................................................................................................................................................................................................................15

7.

History of Index Changes ........................................................................................................................................................................................18

Contact ......................................................................................................................................................................................................................................192

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INDEX GUIDELINEINTRODUCTION
This document (the “GUIDELINE”) is to be used as a guideline with regard to the composition, calculation andmaintenance of the Solactive BBVA US Small Caps Select SIC MXN Index (the “INDEX”). Any amendments to
the rules made to the GUIDELINE are approved by the OVERSIGHT COMMITTEE specified in Section 5.5. The INDEX
is owned, calculated, administered and published by Solactive AG (“SOLACTIVE”) assuming the role asadministrator (the “INDEX ADMINISTRATOR”) under the Regulation (EU) 2016/1011 (the “BENCHMARKREGULATION” or “BMR”). The name “Solactive” is trademarked.

The text uses defined terms which are formatted with “SMALL CAPS”. Such Terms shall have the meaning
assigned to them as specified in Section 6 (Definitions).
The GUIDELINE and the policies and methodology documents referenced herein contain theunderlying principles and rules regarding the structure and operation of the INDEX. SOLACTIVE does
not offer any explicit or tacit guarantee or assurance, neither pertaining to the results from the useof the INDEX nor the level of the INDEX at any certain point in time nor in any other respect. SOLACTIVE
strives to the best of its ability to ensure the correctness of the calculation. There is no obligationfor SOLACTIVE – irrespective of possible obligations to issuers – to advise third parties, including
investors and/or financial intermediaries, of any errors in the INDEX. The publication of the INDEX by
SOLACTIVE does not constitute a recommendation for capital investment and does not contain any
assurance or opinion of SOLACTIVE regarding a possible investment in a financial instrument basedon this INDEX.

The Index is not calculated, sponsored, administered or published by Banco Bilbao Vizcaya Argentaria, S.A.
(“BBVA“) nor does BBVA act as an administrator or a contributor of the Index nor does BBVA offer any
express or implicit guarantee or assurance with regard to the calculation, publication or results of using
the Index and/or Index trade mark or the Index Price at any time or in any other respect. The Index is solely
calculated, administered and published by SOLACTIVE. For the avoidance of doubt, there is no corporate
ownership relationship between SOLACTIVE and BBVA, being independent companies, and BBVA will not be
responsible for the Index in any case.

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1.

INDEX SPECIFICATIONS

1.1.

SCOPE OF THE INDEX

Category
Asset Class
Strategy
Regional Allocation
Rebalancing Fee
Rebalancing Frequency

Description
EquityRepresentation of securities small cap securities from the US witha focus on balance sheet quality.
United States
None
Annual

1.2. IDENTIFIERS AND PUBLICATIONThe INDEX is published under the following identifiers:
Name
Solactive BBVA US Small Caps
Select SIC MXN Index PR
Solactive BBVA US Small Caps
Select SIC MXN Index NTR
Solactive BBVA US Small Caps
Select SIC MXN Index TR

ISIN

Currency TypeRIC

BBG ticker

DE000SL0JA94

MXN

PR

.SBVUSSPP

DE000SL0JBA3

MXN

NTR

.SBVUSSPN SBVUSSPN

DE000SL0JBB1

MXN

TR

.SBVUSSPT*PR, NTR, GTR means that the Index is calculated as price return, net total return, gross total return Index as described in the Equity Index Methodology, whichis available on the SOLACTIVE website: https://www.solactive.com/documents/equity-index-methodology/

The INDEX is published on the website of the INDEX ADMINISTRATOR (www.solactive.com) and is, in addition,
available via the price marketing services of Boerse Stuttgart GmbH and may be distributed to all of its
affiliated vendors. Each vendor decides on an individual basis as to whether it will distribute or display the
INDEX via its information systems.
Any publication in relation to the INDEX (e.g. notices, amendments to the GUIDELINE) will be available at thewebsite of the INDEX ADMINISTRATOR: https://www.solactive.com/news/announcements/.

1.3. INITIAL LEVEL OF THE INDEXThe initial level of the INDEX on the 08/05/2009, the START DATE, is 1000. Historical values from the
03/04/2023, the LIVE DATE, will be recorded in accordance with Article 8 of the BMR. Levels of the INDEX
published for a period prior to the LIVE DATE have been back-tested
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1.4. PRICES AND CALCULATION FREQUENCY
The level of the INDEX is calculated on each CALCULATION DAY from 9:00 a.m. to 10:50 p.m. CET based on the
TRADING PRICES on the EXCHANGES on which the INDEX COMPONENTS are listed. TRADING PRICES of INDEXCOMPONENTS not listed in the INDEX CURRENCY are converted using the current Intercontinental Exchange(ICE) spot foreign exchange rate. Should there be no current TRADING PRICE for an INDEX COMPONENT, the laterof: (i) the most recent CLOSING PRICE; or (ii) the last available TRADING PRICE for the preceding TRADING DAY isused in the calculation.
In addition to the intraday calculation a closing level of the INDEX for each CALCULATION DAY is also
calculated. This closing level is based on the CLOSING PRICES for the INDEX COMPONENTS on the respective
EXCHANGES on which the INDEX COMPONENTS are listed. The CLOSING PRICES of INDEX COMPONENTS not listed in
the INDEX CURRENCY are converted using the 04:00 p.m. London time rates provided by WM/ Refinitiv (the“WM/ Refinitiv Rate”). If there is no 04:00 p.m. London time WM/ Refinitiv Rate for the relevant CALCULATION
DAY, the last available 04:00 p.m. London time WM/ Refinitiv Rate will be used for the closing levelcalculation.

1.5. LICENSING
Licenses to use the INDEX as the underlying value for financial instruments, investment funds and financial
contracts may be issued to stock exchanges, banks, financial services providers and investment houses by
SOLACTIVE.

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2.

INDEX SELECTION

On each SELECTION DAY, the INDEX ADMINISTRATOR will revise the composition of the INDEX.
In a first step, the INDEX ADMINISTRATOR determines the INDEX UNIVERSE in accordance with Section 2.1. The
INDEX UNIVERSE comprises all those financial instruments which fulfill the INDEX UNIVERSE REQUIREMENTS (asspecified in Section 2.1) and will constitute a starting pool from which the components of the INDEX will beselected. Based on this INDEX UNIVERSE, the new composition of the INDEX will be determined by applying therules outlined in Section 2.2.
Each new INDEX COMPONENT will be assigned a weight as described in Section 2.3.

2.1.

INDEX UNIVERSE REQUIREMENTS

The INDEX UNIVERSE is comprised of all financial instruments which fulfill the below requirements(the “INDEX UNIVERSE REQUIREMENTS“):
Is a GBS INDEX COMPONENT of the Solactive GBS United States Small Cap Index NTR (ISIN: DE000SLA4YT5
The determination of the INDEX UNIVERSE is fully rule-based and the INDEX ADMINISTRATOR cannot make any
discretionary decisions.

2.2. SELECTION OF THE INDEX COMPONENTS
Based on the INDEX UNIVERSE, the initial composition of the INDEX as well as any selection for an ordinary
rebalance is determined on the SELECTION DAY in accordance with the following rules:-

Stocks must have a FREE FLOAT MARKET CAPITALIZATION which is at least 10% of the median FREE FLOATMARKET CAPITALIZATION of the INDEX UNIVERSE.

-

Stocks must have ADTV of at least USD 3 million (the minimum between the 1 month and 6 months
ADTV is used).

-

Secondary securities pertaining to the same company are removed.

-

Securities that have been checked for a Mexican SIC or RNVE listing and were not listed at apreceding selection are removed (more details below).

-

Companies with a negative EBITDA are excluded.

In a next step the Net Debt to EBITDA ratio is calculated for all stocks which fulfill the criteria above. Thisis achieved by dividing the Net Debt by the EBITDA of each company. The average of all Net Debt to EBITDA
figures is calculated as well as the standard deviation.
Companies with Net Debt to EBITDA ratio higher than 10 times average are also removed from thecalculations.
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In a third step the sector averages and standard deviations of the Net Debt to EBITDA ratios are calculated.
Stocks are eligible for the index in case its Net Debt to EBITDA figure is smaller than the sector average
Net Debt to EBITDA ratio + 1.5 times the sector standard deviation of the Net Debt to EBITDA figures.
The remaining companies are ranked within their sector according to their historic volatility (past 250
business days are used – in case these figures are not available the last 63 business days are used). In caseno volatility can be calculated the stock is excluded. The 10% most volatile stocks are excluded from theindex.
In a last step, 10 stocks within each sector are selected from the remaining securities as the final INDEXCOMPONENTS, subject to a buffer rule for existing INDEX COMPONENTS. If a stock is eligible and already in the
INDEX, it remains an INDEX COMPONENT if it ranks within the top 20 stocks according to FREE FLOAT MARKET
CAPITALIZATION within the respective sector. In case this results in less than 10 stocks for a sector, theremaining INDEX COMPONENTS are selected by highest FREE FLOAT MARKET CAPITALIZATION within the respective
sector, until the target number of 10 securities per sector is reached.
The following paragraph only relates to the SIC version of the index.
The INDEX COMPONENTS resulting from this selection will then be checked for listing in the MEXICAN SIC andRNVE at THE FIRST ANNUAL SIC AND RNVE REVIEW DATE. For RNVE, eligible is also the primary equity listing of
the Mexican listing in the RNVE list. If any of the components is not listed, those INDEX COMPONENTS will be
excluded and replacement components are determined according to the selection procedure above. The
resulting replacements will be checked again for listing in the MEXICAN SIC AND RNVE at the SECOND ANNUAL
SIC AND RNVE REVIEW DATE. Those replacements that are not listed at the SECOND ANNUAL SIC AND RNVE
REVIEW DATE will be excluded from the list of INDEX COMPONENTS. The INDEX COMPONENTS not listed at the FIRSTANNUAL SIC AND RNVE REVIEW DATE, as well as the replacements not listed at the SECOND ANNUAL SIC ANDRNVE REVIEW DATE are not eligible for future selections or reviews. In case there are not enoughreplacement components, components not listed will be excluded without replacement.
(the “INDEX COMPONENT REQUIREMENTS“)
The selection of the INDEX COMPONENTS is fully rule-based and the INDEX ADMINISTRATOR

2.3. WEIGHTING OF THE INDEX COMPONENTS
On each SELECTION DAY each INDEX COMPONENT is assigned a weight based on the Return on Capital Employed(ROCE) while remaining sector neutral compared to the benchmark.
In step the sector neutral weights compared to the benchmark are calculated. Within each sector INDEXCOMPONENTS are weighted according to the following formula:

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𝑤𝑒𝑖𝑔ℎ𝑡𝑖 =𝑅𝑂𝐶𝐸 𝑅𝑎𝑛𝑘𝑖
𝑁+1
𝑁∗ 2

Where:
𝑁 = 10 (𝑛𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑠𝑒𝑙𝑒𝑐𝑡𝑒𝑑 𝑠𝑡𝑜𝑐𝑘𝑠 𝑖𝑛 𝑆𝑒𝑐𝑡𝑜𝑟 𝑜𝑓 𝑠𝑡𝑜𝑐𝑘 𝑖)
Weights are capped and floored at 5% and 0.3% respectively. Furthermore to ensure proper
diversification the HHI of the portfolio must be smaller than 1.5 times the equal weighted HHI. In case theportfolio is to concentrated the largest stocks are reduced in weight iteratively.

3. REBALANCE
3.1. ORDINARY REBALANCE
In order to reflect the new selection of the INDEX COMPONENTS determined on the SELECTION DAY (inaccordance with Section 2.1 and 2.2) the INDEX is adjusted on the REBALANCE DAY after CLOSE OF BUSINESS.
This is carried out by implementing the weights as determined on the SELECTION DAY.
For more information on the rebalance procedure please refer to the Equity Index Methodology, which isincorporated
byreference
andavailable
onthe
Solactive
website:https://www.solactive.com/documents/equity-index-methodology/.
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”, which is available athttps://www.solactive.com/news/announcements/

3.2. EXTRAORDINARY REBALANCE
In addition to the ordinary rebalance, the INDEX is also rebalanced extraordinarily. These adjustments takeplace outside the rebalancing schedule and follow different rules than the ordinary rebalances. The
extraordinary rebalance is triggered by the mechanism described below:
The INDEX is rebalanced extraordinary in February 2023. With the SELECTION DAY being 28th of February 2023.
REBALANCE DAY for the extraordinary Rebalance is: 27/04/2023. The ordinary rebalancing in April 2023 isskipped.

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INDEX GUIDELINE4.

CALCULATION OF THE INDEX

4.1. INDEX FORMULA
The INDEX is calculated as a price return, net total return, gross total return Index.
The calculation is performed according to the Equity Index Methodology, which is available on the SOLACTIVE
website: https://www.solactive.com/documents/equity-index-methodology/. The standard 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 conversion in case the price of an INDEXCOMPONENT is quoted in a currency other than the INDEX CURRENCY.
Any dividends or other distributions are reinvested back into the INDEX COMPONENT paying the dividend orother distribution into a cash pocket at the opening of the effective date (the so called ex-date) of thepayment of such dividend or other distribution.
A more detailed description of the mechanics of the index calculation formula can be found in the Equity
Index Methodology under Section 1.2.
For the construction of the PR, NTR and GTR return versions a management fee of 0.36% (SIC versions) and
0.3% (non-SIC versions) per annum is deducted on each INDEX CALCULATION DAY. The management fee will beapplied in compliance with the Solactive Equity Index Methodology, which is incorporated by reference andavailable on the SOLACTIVE website: https://www.solactive.com/documents/equity-index-methodology/.

4.2. ACCURACY
The level of the INDEX will be rounded to 2 decimal places. TRADING PRICES and foreign exchange rates will
be rounded to six decimal places.

4.3. ADJUSTMENTS
Under certain circumstances, an adjustment of the INDEX may be necessary between two regular REBALANCE
DAYS. Such adjustment has to be made if a corporate action (as specified in Section 4.4 below) in relation of
an INDEX COMPONENT occurs. Such adjustment may have to be done in relation to an INDEX COMPONENT and/or
may also affect the number of INDEX COMPONENTS and/or the weighting of certain INDEX COMPONENTS and will
be made in compliance with the Solactive Equity Index Methodology, which is incorporated by reference andavailable on the SOLACTIVE website: https://www.solactive.com/documents/equity-index-methodology/.

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SOLACTIVE will announce the INDEX adjustment giving a notice period of at least two TRADING DAYS (withrespect to the affected INDEX COMPONENT) on the SOLACTIVE website under the Section “Announcements”,
which is available at https://www.solactive.com/news/announcements/. The INDEX adjustments will be
implemented on the effective day specified in the respective notice.

4.4. CORPORATE ACTIONS
As part of the INDEX maintenance SOLACTIVE will consider various events – also referred to as corporate
actions – which result in an adjustment to the INDEX between two regular REBALANCE DAYS. Such events havea material impact on the price, weighting or overall integrity of INDEX COMPONENTS. Therefore, they need tobe accounted for in the calculation of the INDEX. 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 ofthe price effect of the respective corporate action.
Adjustments to the INDEX to account for corporate actions will be made in compliance with the Equity Index
Methodology, which is available on the SOLACTIVE website: https://www.solactive.com/documents/equityindex-methodology/. This document contains for each corporate action a brief definition and specifies therelevant adjustment to the INDEX variables.
While SOLACTIVE aims at creating and maintaining its methodology for treatment of corporate actions as
generic and transparent as possible and in line with regulatory requirements, it retains the right inaccordance 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 andrepresentativeness of the INDEX over time.
SOLACTIVE considers following, but not conclusive, list of corporate actions as relevant for INDEX
maintenance:
Cash Distributions (e.g. payment of a dividend)
Stock distributions (e.g. payment of a dividend in form of additional shares)
Stock distributions of another company (e.g. payment of a dividend in form of additional shares ofanother company (e.g. of a subsidiary))
Share splits (company's present shares are divided and therefore multiplied by a given factor)
Reverse splits (company's present shares are effectively merged)
Capital increases (such as issuing additional shares)
Share repurchases (a company offer its shareholders the option to sell their shares to a fixed price)
Spin-offs (the company splits its business activities into two or more entities and distributes newequity shares in the created entities to the shareholders of the former entity)

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Mergers & Acquisitions (transaction in which the ownership of a company (or other businessorganizations) are transferred or consolidated with other entities, e.g. fusion of two or more
separate companies into one entity)
Delistings (company's shares are no longer publicly traded at a stock exchange)
Nationalization of a company (effective control of a legal entity is taken over by a state)
Insolvency

4.5. RECALCULATIONSOLACTIVE makes the greatest possible efforts to accurately calculate and maintain its indices. However,errors in the determination process may occur from time to time for variety reasons (internal or external)
and therefore, cannot be completely ruled out. SOLACTIVE endeavors to correct all errors that have been
identified within a reasonable period of time. The understanding of “a reasonable period of time” as well as
the general measures to be taken are generally depending on the underlying and is specified in the
Solactive Correction Policy, which is incorporated by reference and available on the SOLACTIVE website:
https://www.solactive.com/documents/correction-policy/.

4.6. MARKET DISRUPTION
In periods of market stress SOLACTIVE calculates its indices following predefined and exhaustive
arrangements as described in the Solactive Disruption Policy, which is incorporated by reference andavailable on the SOLACTIVE website: https://www.solactive.com/documents/disruption-policy/. Suchmarket stress can arise due to a variety of reasons, but generally results in inaccurate or delayed prices forone or more INDEX COMPONENTS. The determination of the INDEX may be limited or impaired at times of illiquid
or fragmented markets and market stress.

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INDEX GUIDELINE5.

MISCELLANEOUS

5.1. DISCRETION
Any discretion which may need to be exercised in relation to the determination of 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 INDEX) shall be made in accordance with strict rules
regarding the exercise of discretion or expert judgement.

5.2. METHODOLOGY REVIEWThe methodology of the INDEX is subject to regular review, at least annually. In case a need of a change ofthe methodology has been identified within such review (e.g. if the underlying market or economic reality
has changed since the launch of the INDEX, i.e. if the present methodology is based on obsolete
assumptions and factors and no longer reflects the reality as accurately, reliably and appropriately as
before), such change will be made in accordance with the Solactive Methodology Policy, which isincorporated
byreference
andavailable
on
the
SOLACTIVE
website:https://www.solactive.com/documents/methodology-policy/.
Such change in the methodology will be announced on the SOLACTIVE website under the Section“Announcement”, which is available at https://www.solactive.com/news/announcements/. The date of
the last amendment of this INDEX is contained in this GUIDELINE.

5.3. CHANGES IN CALCULATION METHOD
The application by the INDEX ADMINISTRATOR of the method described in this document is final and binding.
The INDEX ADMINISTRATOR shall apply the method described above for the composition and calculation of the
INDEX. However, it cannot be excluded that the market environment, supervisory, legal and financial or tax
reasons may require changes to be made to this method. The INDEX ADMINISTRATOR may also make changes
to the terms and conditions of the INDEX and the method applied to calculate the INDEX that it deems to benecessary and desirable in order to prevent obvious or demonstrable error or to remedy, correct or
supplement incorrect terms and conditions. The INDEX ADMINISTRATOR is not obliged to provide information
on any such modifications or changes. Despite the modifications and changes, the INDEX ADMINISTRATOR willtake the appropriate steps to ensure a calculation method is applied that is consistent with the method
described above.

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5.4. TERMINATIONSOLACTIVE makes the greatest possible efforts to ensure the resilience and continued integrity of its indicesover time. Where necessary, SOLACTIVE follows a clearly defined and transparent procedure to adapt Index
methodologies to changing underlying markets (see Section 5.2 “Methodology Review”) in order to maintaincontinued reliability and comparability of the indices. Nevertheless, if no other options are available theorderly cessation of the INDEX may be indicated. This is usually the case when the underlying market or
economic reality, which an index is set to measure or to reflect, changes substantially and in a way notforeseeable at the time of inception of the index, the index rules, and particularly the selection criteria, canno longer be applied coherently or the index is no longer used as the underlying value for financial
instruments, investment funds and financial contracts.
SOLACTIVE has established and maintains clear guidelines on how to identify situations in which the
cessation of an index is unavoidable, how stakeholders are to be informed and consulted and theprocedures to be followed for a termination or the transition to an alternative index. Details are specified
in the Solactive Termination Policy, which is incorporated by reference and available on the SOLACTIVE
website: https://www.solactive.com/documents/termination-policy/.

5.5. OVERSIGHT
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. Any such amendment,
which may result in an amendment of the GUIDELINE, must be submitted to the OVERSIGHT COMMITTEE for priorapproval and will be made in compliance with the Methodology Policy, which is available on the SOLACTIVE
website: https://www.solactive.com/documents/methodology-policy/.

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6.

DEFINITIONS“AVERAGE DAILY VALUE TRADED” means, in respect of an INDEX COMPONENT, the sum of DAILY VALUE TRADED
over the specified period divided by the number of TRADING DAYS that fall in the specified period.
“BENCHMARK REGULATION” shall have the meaning as defined in Section “Introduction”.
“BMR” shall have the meaning as defined in Section “Introduction”.
“BUSINESS DAY” is any day which is not a Target 2 holiday.
“CALCULATION DAY” is every weekday from Monday to Friday which is not a Target 2 holiday.
“CLOSE OF BUSINESS” is the calculation time of the closing level of the INDEX as outlined in Section 1.4.
The “CLOSING PRICE” in respect of an INDEX COMPONENT and a TRADING DAY is a security's final regular-hours
TRADING PRICE published by the EXCHANGE and determined in accordance with the EXCHANGE regulations. If
the EXCHANGE has no or has not published a CLOSING PRICE in accordance with the EXCHANGE rules for an INDEXCOMPONENT, the last TRADING PRICE will be used.
“ELIGIBLE REBALANCE DAY” is each day that is a BUSINESS DAY.
“EXCHANGE” is with respect to the INDEX and every INDEX COMPONENT, the respective exchange where the
INDEX COMPONENT has its listing as determined in accordance with the rules in Section 2.
“FIRST ANNUAL SIC AND RNVE REVIEW DATE” 24 BUSINESS DAYS after the SELECTION DAY.
“FIXING DAY” is the SELECTION DATE.
The “FREE FLOAT MARKET CAPITALIZATION” is with regard to each of the securities fulfilling the INDEXCOMPONENT REQUIREMENTS on a SELECTION DAY the share class-specific free float market capitalization. It is
calculated as the multiplication of the shares outstanding in FREE FLOAT (as sourced from data vendors)with the CLOSING PRICE of the share class as of the respective SELECTION DAY.
“GBS Index Component” is each security reflected in the GBS Index specified in Section 2.1“GUIDELINE” shall have the meaning as defined in Section “Introduction”.
“INDEX” shall have the meaning as defined in Section “Introduction”.
“INDEX ADMINISTRATOR” shall have the meaning as defined in Section “Introduction”.
“INDEX COMPONENT” is each security reflected in the INDEX.
“INDEX COMPONENT REQUIREMENTS” shall have the meaning as defined in Section 2.2.
“INDEX CURRENCY” is the currency specified in the column “Currency” in the table in Section 1.2.
“INDEX UNIVERSE REQUIREMENTS” shall have the meaning as defined in Section 2.1.
“INDEX UNIVERSE” is the sum of all financial instruments which fulfill the INDEX UNIVERSE REQUIREMENTS.

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INDEX GUIDELINE“IOSCO BOARD” are the IOSCO Board Members Nominated Based on Market Size, as long as the Presidents'
Committee approved the composition of the IOSCO Board. For the avoidance of doubt, for the period 20192022 the IOSCO Board Members Nominated Based on Market Size (Resolution 4/2019) are Australia, Brazil,
Canada, China, France, Germany, Hong Kong, India, Italy, Japan, South Korea, Spain, Sweden, Switzerland,
United Kingdom and United States of America. This list may change in the future depending on the
resolution of the President's Committee regarding the nominated Board Members for a period andcommunicated
by
IOSCO.
For
more
information,pleasevisit:
https://www.iosco.org/about/?subsection=resolutions.
“LIVE DATE” shall have the meaning as defined in Section 1.3.
“MEXICAN SIC” is the Mexican Sistema Internacional de Cotizaciones, an international publication system of
the Mexican Stock Exchange (BMV). It lists those securities not listed in Mexico that are recognized by
Mexican regulator, specifically the Comisión Nacional Bancaria y de Valores (CNBV). For more information,please visit: https://www.bmv.com.mx/es/empresas-listadas.
“OVERSIGHT COMMITTEE” shall have the meaning as defined in Section 5.5.
“REBALANCE DAY” is 40 BUSINESS DAYS after the SELECTION DAY for the SIC versions, for the non-SIC versions
the REBALANCE DAY is 16 BUSINESS DAYS after the SELECTION DAY.
“RNVE” is the Registro Nacional de Valores y Emisores, a mandatory registration service whose objective isto register the classes and types of securities, along with the issuers and the respective issuances, as
recognized by the Mexican regulator, the Comisión Nacional Bancaria y de Valores (CNBV). Those entities
interested in making a public offer for their securities or submitting them to a trading system are requiredtoregister
with
the
RNVE.
For
more
information,pleasevisit:
https://www.bmv.com.mx/es/empresaslistadas.
“ROCE” Return on Capital Employed and is defined as EBIT / (Total Assets – Current Liabilities)“SELECTION DAY” is the 15th of April each year. In case this is not a BUSINESS DAY the next BUSINESS DAY is the
SELECTION DAY.
“SECOND ANNUAL SIC AND RNVE REVIEW DATE” 36 BUSINESS DAYS after the SELECTION DATE“SOLACTIVE” shall have the meaning as defined in Section “Introduction”.
“START DATE” shall have the meaning as defined in Section 1.3.
“TRADING DAY” is with respect to an INDEX COMPONENT included in the INDEX at the REBALANCE DAY and every
INDEX COMPONENT included in the INDEX at the CALCULATION DAY immediately following the REBALANCE DAY (forclarification: this provision is intended to capture the TRADING DAYS for the securities to be included in the
INDEX as new INDEX COMPONENTS with close of trading on the relevant EXCHANGE on the REBALANCE DAY) a dayon which the relevant EXCHANGE is open for trading (or a day that would have been such a day if a market
disruption had not occurred), excluding days on which trading may be ceased prior to the scheduled
EXCHANGE closing time and days on which the EXCHANGE is open for a scheduled shortened period. The INDEXADMINISTRATOR is ultimately responsible as to whether a certain day is a TRADING DAY.
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The “TRADING PRICE” in respect of an INDEX COMPONENT and a TRADING DAY is the most recent published priceat which the INDEX COMPONENT was traded on the respective EXCHANGE.
"WM / REFINITIV RATE" shall have the meaning as defined in Section 1.4.

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INDEX GUIDELINE7.

HISTORY OF INDEX CHANGES
VersionDate

1.0

11 April 2023

Description
Index Guideline creation (initial version)

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INDEX GUIDELINECONTACT
Solactive AG
German Index Engineering
Platz der Einheit 1
60327 Frankfurt am Main
Germany
Tel.:
Fax:
Email:
Website:+49 (0) 69 719 160 00+49 (0) 69 719 160 25
info@solactive.com
www.solactive.com© Solactive AG
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