Methodology overview

FTSE 100 USD (WM 16:00 GMT) Index
About the FTSE 100 USD (WM 16:00GMT) Index

Features

The FTSE 100 USD (WM 16:00 GMT) Index is a marketcapitalization weighted index of UK-listed blue chipcompanies valued in USD at WM Reuters Official
London Close. The index is part of the FTSE UK IndexSeries and is designed to measure the performance ofthe 100 largest companies traded on the London Stock
Exchange that pass screening for size and liquidity.
Index constituents are all traded on the London Stock
Exchange’s SETS trading system.

The index is designed for use in the creationof index tracking funds, derivatives andas a performance benchmark with a basecurrency of USD.

FTSE 100 USD (WM 16:00 GMT) Index(UKXUSD)

Transparency

The FTSE 100 USD (WM 16:00 GMT) Index is available in real time during
US Trading Hours: 9:30am – 4:00pm Eastern and an End of Day basis. From
9:30am Eastern (14:30 GMT), the real time index is calculated using real time
prices of the securities and real time WM Reuters Real Time Spot.
After the Official London Close 11:30am Eastern (16:30 GMT), FTSE uses WM
Reuters Real Time Spot to value the index in USD. At 4:00pm Eastern, theReal Time Index is closed using 16:30 GMT Official London Closing Prices and16:00 WM Reuters FX.

ftserussell.com

Objective

Investability
Stocks are selected and weighted to ensurethat the index is investable.

Liquidity
Stocks are screened to ensure that theindex is tradable.

The index uses a transparent, rules-based
construction process. Index rules are freely
available on the FTSE Russell website.

Availability
The index is calculated based on price andtotal return methodologies, available endof day.

Industry Classification Benchmark
Index constituents are categorized inaccordance with the Industry Classification
Benchmark (ICB), the global standard forindustry sector analysis.

1FTSE 100 USD (WM 16:00 GMT) Index

FTSE Russell

Treatment of Securities and FX Pricing in
FTSE 100 USD (WM 16:00 GMT) Index
8am
10am

TimeGMTLondon Open 8am /3am Eastern

TimeEastern
3am

Securities pricing: Real time from London Stock Exchange

5am
7am

2pm

9am

6pm

Securities pricing: Close prices from London Stock Exchange11am
1pm
3pm

New York Close 9pm London
time / 4pm Eastern

10pm

Securities pricing: Close prices from London Stock Exchange

Index LaunchBase Date
Base Value
1000

Investability Screen
Actual free float applied and liquidity
screened

Index Calculation
Real-time and end-of-day index available

FX Pricing: WM Reuters Real Time Spot

8pm

FTSE All-Share Index

December 31, 2010

12 NoonLondon Close 4:30pm /11:30am EasternIndex Universe

October 16, 2014

FX Pricing: WM Reuters Real Time Spot

4pm

Information

End-of-Day Distribution
Via FTP and email

5pmFX Pricing: WM Reuters 4pm London close

Tax Treatment in FTSE 100 USD(WM 16:00 GMT) Index
FTSE 100 USD (WM 16:00 GMT) Index uses the maximum withholding tax
rates in the net-of-tax calculation.
Declared dividends are treated as below:• For UK tax resident constituents the declared dividend is used in the net-of-tax
TR calculation.
• Where a company with Real Estate Investment Trust (REIT) status declares a Property
Income Distribution (PID), the appropriate withholding tax adjustment (currently20%) is applied.
• For non-UK tax resident constituents the declared dividend is adjusted by the applicable
withholding tax rate and this adjusted dividend is used in the net-of-tax TR calculation.
• Apart from the exception below, any adjustment to the dividend is based on themaximum withholding tax rates applicable to dividends received by investors who are
not resident in the same country as the remitting company and who do not benefit
from double-taxation treaties. For example, if the remitting company is tax resident in
Switzerland, the declared dividend is adjusted by the Swiss withholding tax rate.

Currency
USD

Review Dates
Quarterly in March, June, September,
December

Vendor Codes:
FTSE:
SIX:
Bloomberg:Thomson Reuters:
FactSet:

UKXUSD
25521866
UKXUSDFTUKXUSDUKXUSD.USD-FTX.

Data definitions available fromftserussell.com.

The exception is:• Qualifying Reserves: If the dividend is paid out of qualifying reserves then it may be
exempt from withholding tax.

Methodology overview

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FTSE 100 USD (WM 16:00 GMT) Index

FTSE Russell

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Past performance is no guarantee of future results. Charts and graphs are provided for illustrative purposes only. Index returns
shown may not represent the results of the actual trading of investable assets. Certain returns shown may reflect backtested performance. All performance presented prior to the index inception date is back-tested performance. Back-tested
performance is not actual performance, but is hypothetical. The back-test calculations are based on the same methodologythat was in effect when the index was officially launched. However, back-tested data may reflect the application of the index
methodology with the benefit of hindsight, and the historic calculations of an index may change from month to month basedon revisions to the underlying economic data used in the calculation of the index.

Methodology overview

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FTSE 100 USD (WM 16:00 GMT) Index

FTSE Russell

About FTSE Russell
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relevant to their investment process. A comprehensive range of reliable
and accurate indexes provides investors worldwide with the tools theyrequire to measure and benchmark markets across asset classes, styles
or strategies.
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FTSE Russell indexes to benchmark their investment performance andcreate ETFs, structured products and index-based derivatives.
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informed by independent committees of leading market participants.
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Methodology overview

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