I NDEX G UIDELINE
SOLACTIVE WISDOMTREE GLOBAL SUSTAINABLE EQUITYUCITS INDEX

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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 ..................................................................................................................................................................................... 5

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 .............................................................................................................................................................. 83.

Rebalance .................................................................................................................................................................................................................... 11
3.1.

Ordinary Rebalance ............................................................................................................................................................................................ 11

3.2.

Extraordinary Rebalance .................................................................................................................................................................................. 114.

Calculation of the Index .......................................................................................................................................................................................... 12
4.1.

Index formula ........................................................................................................................................................................................................ 12

4.2.

Accuracy ................................................................................................................................................................................................................. 124.3. Adjustments .......................................................................................................................................................................................................... 124.4. Corporate actions ................................................................................................................................................................................................13
4.5. Recalculation ........................................................................................................................................................................................................144.6. Market Disruption ................................................................................................................................................................................................14
5.

Miscellaneous .............................................................................................................................................................................................................15
5.1.

Discretion ...............................................................................................................................................................................................................15

5.2.

Methodology Review...........................................................................................................................................................................................15

5.3. Changes in calculation method ......................................................................................................................................................................15
5.4. Termination ...........................................................................................................................................................................................................16
5.5.

Index Committee .................................................................................................................................................................................................16

6.

Definitions .................................................................................................................................................................................................................... 17

7.

History of Index Changes ....................................................................................................................................................................................... 20

Contact ...................................................................................................................................................................................................................................... 21

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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 WisdomTree Global Sustainable Equity UCITS Index (the “INDEX”). Anyamendments to the rules made to the GUIDELINE are approved by the INDEX COMMITTEE specified in Section
5.5. The INDEX is owned, calculated, administered and published by Solactive AG (“SOLACTIVE”) assuming therole as administrator (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.

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1.

INDEX SPECIFICATIONS

1.1.

SCOPE OF THE INDEX

Category
Asset Class

Description
EquityThe Index invests in a portfolio of Developed Market securities
which has been screened for sustainable criteria.

Strategy

Eligible securities are weighted based on their exposure to one ormore Sustainable Development Goals. Investability and active
weight constraints are applied.
Developed Markets

Regional Allocation
Rebalancing Fee
Rebalancing Frequency

Semi-Annually

1.2. IDENTIFIERS AND PUBLICATIONThe INDEX is published under the following identifiers:
Name
Solactive WisdomTree
Global Sustainable Equity
UCITS PR
Solactive WisdomTree
Global Sustainable Equity
UCITS NTR
Solactive WisdomTree
Global Sustainable Equity
UCITS TR

ISIN

Currency

Type

RIC

DE000SL0MDC9

USD

PR

.SOLWTGSP

DE000SL0MDD7

USD

NTR

.SOLWTGSN

DE000SL0MDE5

USD

TR

.SOLWTGSTBBG ticker

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.

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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 17/11/2023, the START DATE, is 1000. Historical values from the
25/04/2024, 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.

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 SELECTION PARTY will revise the composition of the INDEX.
In the first step, the SELECTION PARTY determines the INDEX UNIVERSE in accordance with Section 2.1. The INDEXUNIVERSE comprises all those financial instruments that fulfill the INDEX UNIVERSE REQUIREMENTS (as specified
in Section 2.1) and will constitute a starting pool from which the components of the INDEX will be selected.
Based on this INDEX UNIVERSE, the new composition of the INDEX will be determined by applying the rules
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 that fulfill the below requirements(the “INDEX UNIVERSE REQUIREMENTS“):
Is a member of the Solactive GBS Developed Markets Large&Mid Cap Index (ISIN: DE000SLA41B6, the“PARENT INDEX”) as published on the Solactive website: https://www.solactive.com.
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:(the “INDEX COMPONENT REQUIREMENTS“). All ESG data is sourced from the DATA PROVIDER.
1. Any company included in the INDEX UNIVERSE that fulfills any of the criteria set out below is excluded
from the selection process.
•

The company is deemed “non-compliant” based on the DATA PROVIDER’S Global Standards
Screening (“GSS”) assessment. GSS identifies companies that violate or are at risk ofviolating commonly accepted international norms and standards, such as the United
Nations Global Compact (UNGC) Principles, the UN Guiding Principles on Business andHuman Rights (UNGPs), the Organization for Economic Co-operation and Development(OECD) Guidelines for Multinational Enterprises and their underlying conventions.

•

The company is involved in controversial weapons, such as the activities in anti-personnel
mines, biological and chemical weapons, cluster weapons, depleted uranium, nuclear
weapons, and white phosphorus weapons.

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The company derives more than 5% of its revenue from activities connected to small
arms. Such activities include the manufacturing and selling of small arms, or the
manufacturing and selling of key components involved in small arms manufacture or
being involved in the distribution of small arms.

•

The company is involved in tobacco production, supplies tobacco-related
products/services, or derives more than 5% of its revenue from tobacco distribution.

•

The company derives more than 5% of its revenue from thermal coal extraction, has morethan 5% of its revenue from thermal coal-based power generation, or has more than 5%of its revenue from providing tailor-made products and services to support thermal coal
extraction.

•

The company derives more than 5% of its revenue from oil and gas exploration, production,refining, transportation, and/or storage.

•

The company derives more than 5% of aggregate revenue from extracting oil sands, oiland gas exploration in Arctic regions, and shale energy exploration and production.

•

The company has a CONTROVERSY RATING of 5 or a CONTROVERSY RATING of 4 with a negative
outlook.

•

The company has ESG RISK SCORE of greater than 30.

2. Additionally, any company included in the INDEX UNIVERSE that fulfills any of the criteria set out below
is excluded from the selection process:•

The company is in the bottom 5% of the ESG COVERAGE UNIVERSE by sector concerning the
SCOPE 1,2,3 CARBON FOOTPRINT.

•

The company is in the bottom 5% of the ESG COVERAGE UNIVERSE by sector concerning the
SCOPE 1,2,3 CARBON INTENSITY.

•

The company is classified as a “Utility” company and is in the bottom 5% of the ESG
COVERAGE UNIVERSE by sector concerning the share of non-renewable energy production.

•

The company is in the bottom 5% of the ESG COVERAGE UNIVERSE by sector concerning
tonnes of hazardous waste generated per enterprise value including cash (“EVIC”) in Euro.

•The company is domiciled in an OECD member state and has either no women
representation on its board, or is in the bottom 5% of the ESG COVERAGE UNIVERSE by sector
concerning board gender diversity.

•

The company’s CORPORATE GOVERNANCE SCORE is less than thirty (30) out of one hundred(100).

3. A company must have greater than 1% of revenue aligned to the United Nations Sustainable
Development Goals (“SDGS”) 2 (“Zero Hunger”), 3 (“Good Health and Well-Being”), 4 (“Quality
Education”), 6 (“Clean Water and Sanitation”), 7 (“Affordable and Clean Energy”), 10 (“Reduced
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Inequalities”), 11 (“Sustainable Cities and Communities”), 12 (“Responsible Consumption and
Production”), 13 (“Climate Action”), 14 (“Life Below Water”), or 15 (“Life on Land”).
4. Finally, a company must meet at least one of the following criteria:a) The company has greater or equal to 20% of revenues aligned with contributing to the SDGS 6, 7,
12, 13, 14, or 15. Alternatively, the company is in the top quintile of the ESG COVERAGE UNIVERSE
concerning the former aligned revenue per sector.
b) The company has greater or equal to 20% of revenues aligned with the EU TAXONOMY or is in the
top quintile of the ESG COVERAGE UNIVERSE concerning the former aligned revenue per sector.
c) The company has "SBTI”-approved carbon emission reduction targets and a positive “CARBON
TREND” which is defined as a decline of at least 10% in Scope 1&2 GHG emissions over the last 3
years.
d) The company's proportion of capital expenditure (“CAPEX”) that is EU TAXONOMY-aligned exceeds
the proportion of revenue that is EU TAXONOMY-aligned by at least 10%.
e) The company has greater or equal to 20% of revenues aligned with contributing to the SDGs 2, 3,
4, 10, or 11.
f) The company is at the intersection of the top quintiles of the ESG COVERAGE UNIVERSE concerning
board gender diversity, workforce gender diversity, and senior management gender diversity.
g) The company is at the intersection of the top quintiles of the ESG COVERAGE UNIVERSE concerning
the DATA PROVIDER’S Environmental Risk Management Score and Social Risk Management Score.
The INDEX ADMINISTRATOR has outsourced the selection of the INDEX COMPONENTS to the SELECTION PARTY. Suchoutsourcing has been made in accordance with the requirements of the BMR (Article 10 BMR). Any
discretionary decision of the SELECTION PARTY will be made in accordance with the specifications regarding
the exercise of discretion or expert judgment established by the INDEX ADMINISTRATOR.

2.3. WEIGHTING OF THE INDEX COMPONENTS
On each SELECTION DAY, each INDEX COMPONENT is assigned a weight according to an optimization algorithm
to maximize the aggregate SDG and EU TAXONOMY-aligned revenue, subject to the following constraints:
1) The final index portfolio’s expected annualized tracking error, defined as the annualized
standard deviation of daily return differences, towards the PARENT INDEX must not exceed 3.5%.
2) Compared to the PARENT INDEX, the absolute deviation of the respective sector weights must notexceed 10%, except for the “Financials” and “Real Estate" sectors; Deviations for Real Estate
are limited to -10% and +0%; Deviations for Financials are limited to -15% and +10% (the “SECTORWEIGHTS CONSTRAINT”).

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3) Relative to the PARENT INDEX the absolute deviation of the respective country weights must notexceed 5% (the “COUNTRY WEIGHTS CONSTRAINT”).
4) Individual index security weights must be greater or equal to the maximum of 0.01% and its
weight within the PARENT INDEX minus 2%.
5) Individual index security weights must be smaller or equal to the minimum of its weight within
the PARENT INDEX plus 2%, its weight within the PARENT INDEX times thirty (30), and 4.5% (the“MAXIMUM SECURITY WEIGHTS CONSTRAINT”).
6) The index portfolio weighted average SCOPE 1&2 CARBON INTENSITY must not exceed 50% of theweighted average SCOPE 1&2 CARBON INTENSITY of the PARENT INDEX.
7) The index portfolio's weighted average ESG SCORE must not exceed 85% of the weighted
average ESG SCORE of the PARENT INDEX (the “ESG SCORE CONSTRAINT”).
8) The “PILLAR WEIGHT CONTRIBUTIONS”, defined as the aggregate index weight of companies
primarily contributing to SDGs 7 and 13 (pillar “Climate Action”), SDG 12 (pillar “Circular
Economy”), SDGs 6, 14, 15 (pillar “Healthy Ecosystems”), and SDGs 2, 3, 4, 10, 11 (pillar “Social”),
are floored at 10% and capped at 40%.
9) The aggregate index weight of companies that primarily fulfill criteria 2.2.4. a) - d), must be
greater or equal to 40%.
10) The aggregate index weight of companies that primarily fulfill criteria 2.2.4. e) - f), must be
greater or equal to 10%.
11) The index portfolio's absolute deviation in the “SIZE FACTOR SCORE”, relative to the PARENT INDEX,
must be smaller or equal to 0.25.
12) The index portfolio's deviation in the “VALUE FACTOR SCORES”, relative to the PARENT INDEX, must be
greater than 0 and smaller or equal to 0.25. The value factor scores are based on three separate
measures: Book-To-Price, Earnings Yield, and Dividend Yield. Each is constrained individually.
If no set of index security weights can be found that satisfies the optimization constraints described above,the constraints are mutually and iteratively relaxed as set out in a) to d) below, until a set of index security
weights has been found that satisfies the new optimization constraints.
a) The ESG SCORE CONSTRAINT is relaxed: The threshold of the index portfolio weighted average ESG
SCORE is increased by 1% relative to the PARENT INDEX.
b) The SECTOR WEIGHTS CONSTRAINT is relaxed: Compared to the PARENT INDEX, the restrictions of theabsolute deviation of the respective sector weights are increased by 0.25% in both directions.
c) The COUNTRY WEIGHTS CONSTRAINT is relaxed: Relative to the PARENT INDEX, the restrictions of theabsolute deviation of the respective country weights are increased by 0.25% in both directions.

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INDEX GUIDELINEd) The MAXIMUM SECURITY WEIGHTS CONSTRAINT is altered: The respective thresholds for the index weightof a security, relative to the PARENT INDEX, are increased by 0.5%, while the respective index weightof a security must remain equal to or smaller than 4.5%.
The INDEX ADMINISTRATOR has outsourced the weighting of the INDEX COMPONENTS to the SELECTION PARTY. Suchoutsourcing has been made in accordance with the requirements of the BMR (Article 10 BMR). Any
discretionary decision of the SELECTION PARTY will be made in accordance with the specifications regarding
the exercise of discretion or expert judgment established by the INDEX ADMINISTRATOR.

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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 shares as determined on the FIXING DAY based on the weights
calculated 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 not rebalanced extraordinarily.

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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 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 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 across the entire basket of INDEX COMPONENTS by meansof a divisor at the opening of the effective date (the so-called ex-date) of the payment of such dividend orother 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.

4.2. ACCURACY
The level of the INDEX will be rounded to 2 decimal places. Divisors will be rounded to six 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/.
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.

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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)
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)
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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.
For the INDEX, a SELECTION PARTY is used. The determinations of the INDEX COMPONENTS are subject todecisions of the SELECTION PARTY where the exercise of discretion is needed. The SELECTION PARTY has
confirmed, that such discretionary decision is performed in accordance with the specifications
established by the INDEX ADMINISTRATOR.

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 will

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take the appropriate steps to ensure a calculation method is applied that is consistent with the method
described above.

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. INDEX COMMITTEE
An index committee composed of staff from SOLACTIVE and its subsidiaries (the “INDEX 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 INDEX COMMITTEE for prior approval
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“BENCHMARK REGULATION” shall have the meaning as defined in Section “Introduction”.
“BMR” shall have the meaning as defined in Section “Introduction”.
“BUSINESS DAY” is every weekday from Monday to Friday.
“CALCULATION DAY” is every weekday from Monday to Friday“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.
“CONTROVERSY RATING” is the DATA PROVIDER’S score for adverse environmental, social, and governanceevents. For more information, please visit www.sustainalytics.com“CORPORATE GOVERNANCE SCORE” is the DATA PROVIDER’S score for a company on various corporate
governance metrics. For more information, please visit www.sustainalytics.com“DATA PROVIDER” is Sustainalytics. For more information, please visit www.sustainalytics.com“EU TAXONOMY” is the EU taxonomy for sustainable activities. For more information, please visit
finance.ec.europa.eu“ESG COVERAGE UNIVERSE” is the entirety of companies that the DATA PROVIDER covers. For more
information, please visit www.sustainalytics.com“ESG SCORE” is the DATA PROVIDER’S Environmental, Social, and Governance Risk Rating. For more
information, please visit www.sustainalytics.com“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.
“FIXING DAY” is 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.
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INDEX GUIDELINE“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.
“LIVE DATE” shall have the meaning as defined in Section 1.3.
“INDEX COMMITTEE” shall have the meaning as defined in Section 5.5.
“REBALANCE DAY” is the third Friday in May and November.
“SBTI” is short for Science Based Targets initiative. For more information, please visit www.
sciencebasedtargets.org“SCOPE 1,2,3 CARBON FOOTPRINT” is defined as metric tonnes of carbon dioxide equivalents (Scope 1, 2, and3 emissions) (“tCO2e”) divided per enterprise value including cash (“EVIC”) in Euro.
“SCOPE 1,2,3 CARBON INTENSITY” is defined as metric tonnes of carbon dioxide equivalents (Scope 1, 2, and 3
emissions) (“tCO2e”) divided by Revenue in Euro.
“SELECTION DAY” is 10 weekdays (Monday to Friday) before the scheduled REBALANCE DAY, disregarding any
potential change of the REBALANCE DAY.
“SELECTION PARTY” is Irish Life Investment Managers (ILIM)
The “SIZE FACTOR SCORE” is determined as the natural logarithm of a company’s total market capitalizationin Euro (“the individual size scores”). The individual size scores are then winsorised to lie within three (3)standard deviations from the mean. Finally, the portfolio-level factor score is calculated as the weighted
average of the winsorised individual scores.
“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.
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.
The “VALUE FACTOR SCORE” is based on Book-To-Price, Earnings Yield, and Dividend Yield (“the individual
value scores”). The individual scores are then winsorised to lie within three (3) standard deviations from therespective mean. Portfolio-level factor scores are calculated as the weighted average of each of the
winsorised scores.
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INDEX GUIDELINE"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

25 April 2024

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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