I NDEX G UIDELINE
SOLACTIVE TRANSATLANTIC BIODIVERSITY SCREENED150 CW INDEX

Version 1
15 December 2022

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.

Weighting of the Index Components .............................................................................................................................................................. 6

3.

Calculation of the Index ........................................................................................................................................................................................... 7
3.1.

Index formula ......................................................................................................................................................................................................... 7

3.2.

Accuracy .................................................................................................................................................................................................................. 7

3.3. Recalculation ......................................................................................................................................................................................................... 8
3.4. Market Disruption ................................................................................................................................................................................................. 8
4.

Miscellaneous .............................................................................................................................................................................................................. 9
4.1.

Discretion ................................................................................................................................................................................................................ 9

4.2.

Methodology Review............................................................................................................................................................................................ 94.3. Changes in calculation method ....................................................................................................................................................................... 94.4. Termination .......................................................................................................................................................................................................... 10
4.5. Oversight ............................................................................................................................................................................................................... 10
5.

Definitions .................................................................................................................................................................................................................... 11

6.

History of Index Changes ........................................................................................................................................................................................13Contact ......................................................................................................................................................................................................................................142

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INTRODUCTION
This document (the “GUIDELINE”) is to be used as a guideline with regard to the composition, calculation andmaintenance of the SOLACTIVE TRANSATLANTIC BIODIVERSITY SCREENED 150 CW INDEX (the “INDEX”). Anyamendments to the rules made to the GUIDELINE are approved by the OVERSIGHT COMMITTEE specified inSection 5.5. The INDEX is owned, calculated, administered and published by Solactive AG (“SOLACTIVE”)
assuming the role as administrator (the “INDEX ADMINISTRATOR”) under the Regulation (EU) 2016/1011 (the“BENCHMARK REGULATION” 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 bySOLACTIVE 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.

INDEX GUIDELINE

1.

INDEX SPECIFICATIONS

1.1.

SCOPE OF THE INDEX

Category
Asset Class
Strategy
Regional Allocation

Description
EquityRepresentation of securities from corporate issuers that exhibit alow impact on Biodiversity relative to their industry peers, while
not violating certain ESG standards regarding controversies
and/or activity in defined sectors.
U.S. and Eurozone

1.2. IDENTIFIERS AND PUBLICATIONThe INDEX is published under the following identifiers:
Name
Solactive Transatlantic
Biodiversity Screened 150 CW
Index PR
Solactive Transatlantic
Biodiversity Screened 150 CW
Index NTR
Solactive Transatlantic
Biodiversity Screened 150 CW
Index GTR
Solactive Transatlantic
Biodiversity Screened 150 CW
Decrement 50 Index

ISINCurrency

TypeRICBBG ticker

DE000SL0HBV3EUR

PR*.SOBDIV5P-

DE000SL0HBW1EURNTR*.SOBDIV5N-DE000SL0HBX9EURGTR*.SOBDIV5T

SOBDIV5TDE000SL0HBY7EUR

AR*.SOBDIV50

SOBDIV50*PR, NTR, GTR and AR means that the Index is calculated as gross total return and adjusted return Index as described in the Equity Index Methodology, which isavailable 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 theINDEX 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/.
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1.3. INITIAL LEVEL OF THE INDEXThe initial level of the INDEX on the 11/11/2022, the START DATE, is 876.17. Historical values from the15/12/2022, 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 theTRADING 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 inthe 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 bySOLACTIVE.

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2.

INDEX SELECTION

On each CALCULATION DAY after CLOSE OF BUSINESS, the INDEX ADMINISTRATOR will revise thecomposition of the INDEX.
First, 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 UNIVERSEREQUIREMENTS (as specified in Section 2.1. Then, each INDEX COMPONENT will be assigned a weight asdescribed in Section 2.2.

2.1.

INDEX UNIVERSE REQUIREMENTS

The INDEX UNIVERSE is composed of the below underlyings:
Name
Solactive U.S. Biodiversity Screened 100
CW Index GTR
Solactive Eurozone Biodiversity
Screened 50 CW Index GTR

Currency BBG TickerRIC

WeightUSD

SOBDIVUT.SOBDIVUT

50%

EUR

SOBDIVET.SOBDIVET

50%

2.2. WEIGHTING OF THE INDEX COMPONENTS
On each CALCULATION DAY after CLOSE OF BUSINESS each INDEX COMPONENT is reweighted according to theweights as defined in Section 2.1.

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INDEX GUIDELINE3.

CALCULATION OF THE INDEX

3.1. INDEX FORMULA
The INDEX is calculated as a price return, net total return, gross total return and adjusted 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.
For the construction of the adjusted return version a decrement of 50 index points per annum is deductedon each INDEX CALCULATION DAY from the GTR Index version. The decrement will be applied in compliancewith the following formula
If INDEX CALCULATION DAY t is prior to the START DATE:
𝐴𝑅(𝑡) = (𝐴𝑅(𝑡 + 1) + 50 ∗𝐴𝐶𝑇(𝑡, 𝑡 + 1)
𝐺𝑇𝑅(𝑡))∗365
𝐺𝑇𝑅(𝑡 + 1)

Otherwise:
𝐴𝑅(𝑡) = 𝐴𝑅(𝑡 − 1) ∗𝐺𝑇𝑅(𝑡)𝐴𝐶𝑇(𝑡 − 1, 𝑡)− 50 ∗
𝐺𝑇𝑅(𝑡 − 1)
365

Where:
𝐴𝐶𝑇(𝑡 − 1, 𝑡): The number of calendar days between INDEX CALCULATION DAY t (included) and INDEX CALCULATION
DAY t-1 (excluded)
𝐴𝐶𝑇(𝑡, 𝑡 + 1): The number of calendar days between INDEX CALCULATION DAY t+1 (included) and INDEXCALCULATION DAY t(excluded)

3.2. 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.
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3.3. 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 theSolactive Correction Policy, which is incorporated by reference and available on the SOLACTIVE website:
https://www.solactive.com/documents/correction-policy/.

3.4. 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 GUIDELINE4.

MISCELLANEOUS

4.1. 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.

4.2. 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 asbefore), such change will be made in accordance with the Solactive Methodology Policy, which isincorporated
byreference
andavailable
ontheSOLACTIVE
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.

4.3. 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 theINDEX. 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 orsupplement 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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4.4. 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 oreconomic 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 thecessation 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/.

4.5. 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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5.

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. A day on which the New York Stock Exchange,the NASDAQ, or the EUREX Exchange are not open for general business is not a CALCULATION DAY.
“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.
“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.
“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.
“LIVE DATE” shall have the meaning as defined in Section 1.3.
“OVERSIGHT COMMITTEE” shall have the meaning as defined in Section 5.5.
“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 theINDEX 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

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INDEX GUIDELINEEXCHANGE 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.
"WM / REFINITIV RATE" shall have the meaning as defined in Section 1.4.

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HISTORY OF INDEX CHANGES
VersionDate

1.0

15 December
2022

Description
Index Guideline creation (initial version)

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INDEX GUIDELINECONTACTSolactive AG
German Index Engineering
Platz der Einheit 160327 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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