I NDEX G UIDELINE
SOLACTIVE DIGITAL ECONOMY INDEX

Version 1.2
14 March 2023

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 ............................................................................................................................................................... 7

2.3.

Weighting of the Index Components .............................................................................................................................................................. 83.

Rebalance ..................................................................................................................................................................................................................... 9
3.1.

Ordinary Rebalance ............................................................................................................................................................................................. 9

3.2.

Extraordinary Rebalance ................................................................................................................................................................................... 94.

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

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

4.2.

Accuracy ................................................................................................................................................................................................................. 11

4.3. Adjustments .......................................................................................................................................................................................................... 114.4. Corporate actions ................................................................................................................................................................................................ 124.5. Recalculation ........................................................................................................................................................................................................13
4.6. Market Disruption ................................................................................................................................................................................................13
5.

Miscellaneous .............................................................................................................................................................................................................14
5.1.

Discretion ...............................................................................................................................................................................................................14

5.2.

Methodology Review...........................................................................................................................................................................................145.3. Changes in calculation method ......................................................................................................................................................................145.4. Termination ...........................................................................................................................................................................................................15
5.5.
6.

Oversight ................................................................................................................................................................................................................15

Definitions ....................................................................................................................................................................................................................16

Contact ..................................................................................................................................................................................................................................... 25

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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 Digital Economy 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 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 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
Strategy
Regional Allocation
Rebalancing Fee
Rebalancing Frequency

Description
EquityRepresentation of securities active in the field of digital economy.
Developed Markets & Europe
Quarterly

1.2. IDENTIFIERS AND PUBLICATIONThe INDEX is published under the following identifiers:
Name
Solactive European Digital
Economy Index PR
Solactive European Digital
Economy Index NTR
Solactive European Digital
Economy Index GTR
Solactive European Digital
Economy Index AR
Solactive Developed Markets
Digital Economy Index PR
Solactive Developed Markets
Digital Economy Index NTR
Solactive Developed Markets
Digital Economy Index GTR
Solactive Developed Markets
Digital Economy Index 5% AR

ISIN

Currency

Type

RIC

BBG ticker

DE000SL0EDD4

EUR

PR*

.SOLEDEPR

SOLEDEPR

DE000SL0EDE2

EUR

NTR*

.SOLEDENR SOLEDENR

DE000SL0EDF9

EUR

GTR*

.SOLEDETR

SOLEDETR

DE000SL0EDG7

EUR

AR*

.SOLEDEAR

SOLEDEAR

DE000SL0JAW9

EUR

PR*

.SOLDDEPR -DE000SL0JAX7

EUR

NTR*

.SOLDDENR -DE000SL0JAY5

EUR

GTR*

.SOLDDETR-

DE000SL0JAZ2

EUR

AR*

.SOLDDEA5SOLDDEA5*PR, NTR, GTR, AR means that the Index is calculated as price return, net total return, gross total return, adjusted return Index as described in the Equity Index
Methodology, which is 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

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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 INDEXEuropean Version:
The initial level of the INDEX on the 31/12/2014, the START DATE, is 1000. Historical values from the 01/10/2021,
the LIVE DATE, will be recorded in accordance with Article 8 of the BMR. Levels of the INDEX published for aperiod prior to the LIVE DATE have been back-tested.
Developed Markets Version:
The initial level of the INDEX on the 01/02/2017, the START DATE, is 1000. Historical values from the
14/03/2023, 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.

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 for theEuropean version and from 1:00 a.m. to 10:50 p.m. CET for the Developed Markets version 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 WM Fixing quoted by Reuters. If there
is no 04:00 p.m. London time WM Fixing for the relevant CALCULATION DAY, the last available 04:00 p.m.
London time WM Fixing will be used for the closing level calculation.

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“):
European Version:•

Part/ Component of the GBS INDEX UNIVERSE of the Solactive Europe 600 Index (ISIN:
DE000SLA9G16), on a SELECTION DAY.

•

Companies must be classified in one of the subindustries listed in the Appendix. The sub-industry
classification is based on the Factset Revere Business Industry Classification System (RBICS).

Developed Markets Version:•

Part/ Component of the GBS INDEX UNIVERSE of the Solactive GBS Developed Markets Investable
Universe USD Index PR (ISIN: DE000SL0FSX7), on a SELECTION DAY.

•

Companies must be classified in one of the subindustries listed in the Appendix. The sub-industry
classification is based on the Factset Revere Business Industry Classification System (RBICS).

•

Companies must be classified in one of the following FactSet industries:o Telecommunications Equipment, Packaged Software, Internet Retail, Internet
Software/Services, Semiconductors, Information Technology Services, Industrial
Machinery•

Only one share class of each company is eligible for inclusion in the INDEX UNIVERSE. To avoid
frequent changes between two share-classes of a company, INDEX ADMINISTRATOR applies a liquidity
buffer rule:o If the company is currently included in the INDEX: The share class currently included in the
INDEX will be eligible for the INDEX UNIVERSE if its minimum AVERAGE DAILY VALUE TRADED overthe preceding 1-month and 6-month prior to and including the SELECTION DAY is at least 60%
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INDEX GUIDELINEof the minimum AVERAGE DAILY VALUE TRADED over the preceding 1-month and 6-month prior
to and including the SELECTION DAY of any other share class of the company.
o If the company is currently not included in the INDEX: The share class with the highest
minimum AVERAGE DAILY VALUE TRADED over the preceding 1-month and 6-month prior to andincluding the SELECTION DAY is included in the INDEX UNIVERSE.
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 “INDEXCOMPONENT REQUIREMENTS“):
European Version:•

A minimum Average Daily Value Traded of at least EUR 2,500,000 over 60 days prior to andincluding the Selection Day.

•

A minimum Total Market Capitalization of at least EUR 400 million.

•

The remaining securities are then ranked in descending order of Total Market Capitalization andthe 40 companies with the largest Total Market Capitalization are selected as Index Components.

•

If less than 30 companies remain after the previous steps, all stocks that are currently not selected
and part of the index universe are ranked according to their 60-day Average Daily Value Traded andregardless of the previous Total Market Capitalization and Average Daily Value Traded
requirements. The stocks with the highest 60-day Average Daily Value Traded are then selecteduntil at least 30 securities are selected.

Developed Markets Version:•

Minimum AVERAGE DAILY VALUE TRADED of at least USD 5,000,000 over 1 month and over 6 months
prior to and including the SELECTION DAY.

•All eligible securities are ranked based on their FREE FLOAT MARKET CAPITALIZATION in a descendingorder. The top 40 ranked securities are selected for index inclusion.

The selection of the INDEX COMPONENTS is fully rule-based and the INDEX ADMINISTRATOR cannot make any
discretionary decision.

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2.3. WEIGHTING OF THE INDEX COMPONENTS
European Version:
On each SELECTION DAY each INDEX COMPONENT is assigned an equal weight.
Developed Markets Version:
On each SELECTION DAY each INDEX COMPONENT is assigned a weight according to FREE FLOAT MARKET
CAPITALIZATION. Then, a weight cap is applied for each INDEX COMPONENT by re-distributing any weight whichis larger than 10% to the other INDEX COMPONENT proportionally in an iterative manner.

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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.
European Version:
This is carried out by implementing the weights as determined on the SELECTION DAY.
Developed Markets Version:
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
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 and adjusted return Index.
European Version:
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 adjusted return Index is calculated according to the following formula:

𝐼𝑛𝑑𝑒𝑥𝑡 = 𝐼𝑛𝑑𝑒𝑥𝑡−1 ∗𝑈𝐼𝑡
𝐷𝐶𝑡,𝑡−1− 𝑆𝐷 ∗
𝑈𝐼𝑡−1
360

Where:
𝐼𝑛𝑑𝑒𝑥𝑡 : The level of the INDEX as of CALCULATION DAY t
𝐼𝑛𝑑𝑒𝑥𝑡−1 : The level of the INDEX as of CALCULATION DAY t-1
𝑈𝐼𝑡 : The level of the UNDERLYING INDEX as of CALCULATION DAY t
𝑈𝐼𝑡−1 : The level of the UNDERLYING INDEX as of CALCULATION DAY t-1
𝑆𝐷: The Synthetic Dividend of 50 index points per annum
𝐷𝐶𝑡,𝑡−1: The number of calendar days between CALCULATION DAY t (including) and CALCULATION DAY t-1(excluding)
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Developed Markets Version:
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 at the opening of the effective date (the so called ex-date) of the payment 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 adjusted return version a decrement of 5% per annum is deducted on each INDEXCALCULATION DAY from the NTR Index version. The decrement will be applied in compliance with the
Solactive Equity Index Methodology, which is incorporated by reference and available on the SOLACTIVE
website: https://www.solactive.com/documents/equity-index-methodology/.

4.2. ACCURACY
The level of the INDEX will be rounded to two 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.

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 weekday from Monday through 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.
“DAILY VALUE TRADED” means, in respect of an INDEX COMPONENT and a TRADING DAY, the product of (i) the
CLOSING PRICE of such INDEX COMPONENT and (ii) the volume traded (measured as a number of shares) of such
INDEX COMPONENT on the EXCHANGE during such TRADING DAY.
“ELIGIBLE REBALANCE DAY” is each day that is a TRADING DAY at the New York Stock Exchange, the London
Stock Exchange, the EUREX Exchange and the Tokyo Stock Exchange.
“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.
The “FREE FLOAT” is with regard to each of the securities fulfilling the INDEX COMPONENT REQUIREMENTS on a
SELECTION DAY the share class-specific fraction of the total number of shares of such share class issued thatare available for trading by market participants and not locked-in by long term holders, as sourced fromdata vendors.
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 UNIVERSE” is the INDEX UNIVERSE as defined in the guideline of the SOLACTIVE Global Benchmark
Series (https://solactive.com/downloads/Guideline-Solactive-GBS-Benchmark-Series.pdf) for the for 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”.
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INDEX GUIDELINE“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.
“REBALANCE DAY” is the first Wednesday in February, May, August and November. If that day is not an
ELIGIBLE REBALANCE DAY the REBALANCE DAY will be the immediately following ELIGIBLE REBALANCE DAY.
“SELECTION DAY” is 20 BUSINESS DAYS before the REBALANCE DAY.
“SHARES OUTSTANDING” are all the shares of a corporation or financial asset that have been authorized,
issued, and purchased by investors. This includes shares owned by the company’s corporate officers andinsiders, as well as those held by the public.
“SOLACTIVE” shall have the meaning as defined in Section “Introduction”.
“START DATE” shall have the meaning as defined in Section 1.3.
The “TOTAL MARKET CAPITALIZATION” is with regard to each of the securities in the INDEX on a SELECTION DAY
the sum of all SHARE CLASS MARKET CAPITALIZATIONs of a company.
“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.

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7.

APPENDIX
Level

Subindustry
Subindustry
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Subindustry
Subindustry
Subindustry
Subindustry

Name
Online Marketing and Advertising Support Services
Government and Public Service Industry Software
Records Management Services
Hospitality Industry Software
Online Gaming Systems
Online Casinos
Food Delivery Services
Automotive Industry Software
Vehicle Autonomous Control Software
Internet Motor Vehicle Sales
Internet Automotive Parts Sales
Internet Office Supplies RetailInternet Pet and Pet Supply Retail
Retail Industry Software
Vehicle Autonomous Control Electronics Makers
Internet Accessories RetailInternet Apparel RetailInternet Footwear RetailInternet Electronics RetailInternet Entertainment RetailInternet Building Materials / Garden Supply RetailInternet Furniture and Home Furnishings Retail
Energy Industry Software
Cryptocurrency Trading and Exchanges
Peer-to-Peer Lending
Cryptocurrency Mining
Commercial Bank and Credit Union Software
Insurance Software
Investment Management/Brokerage Software
Diversified Finance Industry Software
Payment Processing Software
Trading Software
Blockchain Technology
Drug Development Software
Healthcare Management Software
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Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
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Subindustry
Subindustry
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Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry

Healthcare Operations Support Software
Other Healthcare and Pharma Industry Software
Patient Data Management Software
Surgical Robotic Systems
Autonomous Drone Manufacturers
Autonomous Drone Parts Manufacturers
Satellite Systems Manufacturing
Defense Electronics Equipment Manufacturing
Smart Grid Technology and Smart Meter Products
Industrial Robots and Robotic Assembly Line Makers
3D Modeling/Rapid Prototyping Automation Providers
Machine Vision and Quality Control Manufacturing
Manufacturing Industry Software
Autonomous Commercial/Transit Vehicle Production
Autonomous Control Truck Production
Autonomous Control Ship Builders
Transportation Industry Software
Autonomous Transport Control Software
Internet Department Stores
Internet Discount Stores
Internet Off-Price RetailInternet Warehouse / Superstore Retail
Other Internet Health and Personal Care RetailInternet Pharmacies and Drug RetailHousehold Robot Makers
Virtual Reality Equipment
Wearable Technology
Software Distributors
Automotive Classifieds and Directories Media/Sites
Career Classifieds and Directories Media and Sites
Education Information and News Media and Sites
Finance Information and News Media and Sites
General Information and News Media and Sites
Other Classifieds and Directories Media and Sites
Real Estate Classifieds and Directories Sites
Diversified Electronic Media and Sites
Colocation and Data Center Services
Managed Hosting Services
Diversified Hosting Services
Web Development Software Makers
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Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
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Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry

Development and Design Services
E-Commerce Service Providers
General Internet and Online Services
Execution and Quote Platforms Services
Financial Reference Data Content Providers/Sites
General Professional Content Providers and Sites
Institutional Financial and Research Content Sites
Multi-Type Financial Data Content Providers/Sites
City Guides Content Providers and Sites
Communication and Collaboration Content Sites
General Consumer Content Providers (only relevant for the European version)
General Entertainment Content Providers and Sites
Media Download and Streaming Digital Content Sites
Web Navigation Sites and Software
Web Portal Sites and Software
Web Search Sites and Software
Computer Aided Design (CAD) Software
IC-Level Electronic Design Software
IC-Level Intellectual Property Software Libraries
Other Design and Engineering Software
Mapping/Geographic Information Systems Software
Multimedia Design and Engineering Software
Software Development Software
Virtual Reality Design and Engineering Software
Asset Management Software
Business Intelligence Software
Diversified Content Management Software
Document Management Software
Customer Service Software
Diversified Customer Relationship Software
Marketing CRM Software
Sales Force Automation (SFA) Software
Business Planning and Control ERP Software
Diversified Enterprise Resource Planning Software
Financial and Compliance ERP Software
Human Resources ERP Software
Supply Chain ERP Software
General Enterprise Management SoftwareEnterprise Security Management Software
Console Games Software - (only relevant for the European version)
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Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry

Handheld and Smart Phone Games Software
Online Game Websites and Software
Multi-Type Games Software
Educational Software
Mobile Platform Applications Software
Other Handheld and Smart Phone Software
Home and Office Multimedia Software
Home and Office Virtual Reality Software
Multi-Type Home and Office Software
Productivity Software
Multiple Industry-Specific Software
Communications Infrastructure Software
Data Storage Infrastructure Software
Diversified IT Infrastructure SoftwareEnterprise Middleware Software
Network Administration Software
Network Security Access Policy Software
Network Security Software
Other Network Software
Operating Systems Software
General and Mixed-Type Software
Business Intelligence/Data Warehousing Consulting
Design, Integration and Implementation Consulting
General Infrastructure and Network Consulting
Network Design and Implementation Consulting
Security and Management Consulting
Software Design and Engineering Consulting
Utilities Industry Software
Legal, Tax and Accounting Industry Software
Media and Entertainment Industry Software
Travel Publishers
Real Estate and Construction Industry Software
Multinational Internet Banks
Print and Prepress Industry Software
Electronic System Security Equipment
Conferencing Equipment
Other Business Communications Equipment
Other Marketing Specialists
Nanotechnology Materials Manufacturing
RFID Asset Tracking Equipment Manufacturing
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Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry

Access Systems Manufacturing
Electronic Security Identification Equipment
Other Wireless Equipment (only relevant for the European version)
Asset Tracking GPS Systems Manufacturing
Global Positioning Systems (GPS) Manufacturing
Other Satellite Equipment
Customer Premises Network Security Equipment
Carrier Edge Network Management Equipment
General Carrier Edge (Access) Equipment
General Customer Premises Equipment (CPE)
Other Wide Area Networking (WAN) Equipment (only relevant for the European version)
Cellular Site Equipment
Fixed Microwave Systems Equipment
Multi-Type Core Infrastructure Equipment
Cellular Phone Accessories Manufacturing
Other Cellular Phones Manufacturing
Other Mobile Equipment
Smart Phone Manufacturing
Home and Office Productivity Peripherals
Human Interface Peripherals
Input/Output (I/O) Adapter and Interface Devices
Other Peripherals
Video Peripherals
Desktop Computer Systems
Multi-Type Business and Personal Systems
Other Computer Systems
Portable Computer Systems
Server Computer Systems
Data Storage Drives and Peripherals
Data Storage MediaDisk Storage Systems
Information Storage Systems
Multi-Type Data Storage Hardware Makers
General Computer Hardware Manufacturing
Diversified Technology Hardware (only relevant for the European version)
Conventional Flat Panel Display Equipment
Other Computer Display Equipment
Touchscreen Panels Display Equipment
Automotive and Marine Electronics Manufacturing
Consumer Electronics Accessories Manufacturing
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Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry

Media Player and Recorder Equipment
Other Video Electronics Equipment
Video Signal Processor and Receiver Equipment
Television Equipment Manufacturing
Electronic Gaming/Entertainment Electronics Makers
General Analog and Mixed Signal Semiconductors
Other Power Analog and Mixed Signal Semiconductors
Power, Control and Mixed Signal Semiconductors
RF Analog and Mixed Signal Semiconductors
Specialty Analog and Mixed Signal Semiconductors
Light Emitting Diode Discrete Semiconductors
Other Optoelectronics Discrete Semiconductors
Other Discrete Semiconductors
Diversified Semiconductors
Flash Memory Semiconductors
Other Nonvolatile Memory Semiconductors
Other Memory Semiconductors
Volatile Memory Semiconductors (only relevant for the European version)
Microprocessor (MPU) Semiconductors (only relevant for the European version)
Other Processor Semiconductors
Other Programmable Logic and ASIC Semiconductors
Programmable Logic Device Semiconductors
Networking Semiconductors
Other Communications Semiconductors
Audio Multimedia Semiconductors
Image Sensor and Image Capture Semiconductors
Multimedia Semiconductors
Video Multimedia Semiconductors
Other Specialized Semiconductors
Peripheral Semiconductors
Security and Identification Semiconductors
Assembly Equipment Manufacturing
Semiconductor Capital Equipment/Parts Distribution
Wafer Processing Subsystem Equipment Manufacturing
Flat Panel Display-Specific Equipment Makers
Other Front End Processing Equipment Makers
Photolithography Equipment Manufacturing
Wafer Blank Makers and Equipment Manufacturing
Semiconductor Components/Subsystems Manufacturing
Semiconductor Process Analysis Tool Manufacturing
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Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry
Subindustry

Test, Measurement and Metrology Equipment Makers
Diversified Semiconductor Capital Equipment Makers
Semiconductor Foundry Services
Semiconductor Assembly and Packaging Services
Semiconductor Packaging and Testing Services
Semiconductor Testing Services
Diversified Semiconductor Manufacturing Services
Other Local Area Networking Equipment
Wireless and Wi-Fi Equipment
Wireline Equipment
Carrier Core (Backbone) Equipment
General Information Technology (IT) Consulting (only relevant for the European version)Multi-Tactic Enterprise Solutions Consulting
Government IT Services
General Enterprise and Technology Consulting
Multi-Industry-Specific IT Services
Application Management Consulting
General Factory Automation Makers
Monitoring and Control Sensor/Instrument Products
Other Automation Support Product Manufacturing
Flexible Circuit Manufacturing
Other Interconnect Fabrication Services
Printed Circuit Board/Wiring Board Manufacturing
Cable Interconnect Components
Electronic Interconnect Components
Other Interconnect Components
Mixed Module and Subassembly Electronic Components
Power Module and Subassembly Electronic Components
Closed Circuit Television (CCTV) Systems/Products
Mixed Building/Physical Security Equipment Makers
Diversified Electronic Security Equipment
Inspection and Detection Systems Manufacturing
Electronics Manufacturing Equipment Manufacturing
Test and Measurement Communications Equipment
Other Test and Measurement Equipment
General Communications Equipment (only relevant for the European version)
Peripheral and Other Commerce Equipment Makers
Other Office Equipment Manufacturing

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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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