BENCHMARK STATEMENT
Solactive Developed Real Estate ESG Climate Index PR

Solactive AG is registered with and regulated by
the German Federal Financial Supervisory
Authority (BaFin)

Benchmark Statement

BENCHMARK STATEMENTAs an administrator of the Solactive Developed Real Estate ESG Climate Index PR and pursuant to Article 27 of Regulation (EU)2016/1011 (the “Benchmark Regulation” or “BMR”), Solactive AG is obliged to publish a benchmark statement for the benchmark if it shall be used in the European Union (the “Benchmark Statement”). This document contains the information requiredpursuant to Article 27 of the BMR and Article 1 of the Commission Delegated Regulation (EU) 2018/1643.

1 GENERAL INFORMATION> This Benchmark Statement was created on August 03, 2022 and was last updated on October 10, 2023.
> This Benchmark Statement relates to a speciﬁc benchmark, the Solactive Developed Real Estate ESG Climate Index PR(ISIN: DE000SL0E867) (the “Benchmark” or “Index”), where Solactive AG acts as the “administrator” (as deﬁned in Article
3(1)(6) of the BMR).
> The Benchmark is determined based on contributed input data (as deﬁned in Article 3(1)(8) of the BMR).
> The Benchmark is classiﬁed as a non-signiﬁcant benchmark (as deﬁned in Article 3(1)(27) of the BMR).

2 MARKET INFORMATIONThe Benchmark is a quantitative and investable index developed by Solactive AG. The Benchmark is a price return index publishedin EUR. A price return index reﬂects the market price movements of the index components disregarding any payments made in
respect of the index constituents, such as dividends or coupon payments. A price return index aims to reﬂect the price performance of a speciﬁc market, or a particular segment.
Full information regarding the market or economic reality that the Benchmark is intended to measure, the geographical boundaries (if any) of the market or economic reality as well as the procedure for rebalancing the constituents of the Benchmark areavailable in the index guideline at https://solactive.com/downloads/Guideline-Solactive-Developed-Real-Estate-ESG-ClimateIndex.pdf.
The selection of the index components is, among other factors and parameters, based on data provided by an external data
provider (the “Data Provider”). Such data, which is expressed as a score value, shall reﬂect certain key information about potential index components and thus serve as a means of ensuring that the index continues to reﬂect the market or economic reality inaccordance with the index’s objective (the “Data”). In connection with the determination of this Data, it cannot be ruled out thatthe Data Provider may make discretionary decisions in the determination of such data. The Data Provider has conﬁrmed to Solactive AG that where there is a discretionary decision, such decision will be recorded and can be audited by Solactive AG in detail.
The methodology of the Index has been reviewed and approved in accordance with an internal approval process.

3 INPUT DATA
The Benchmark uses input data as part of the algorithm-based calculation of the daily index values. The input data originatesfrom a source that provides readily available data (input data) and is deﬁned by reference to the source and the time at which thedata is observed. The Benchmark uses a single source for input data rather than utilizing a hierarchy of input data.
The risk of insufﬁcient input data is minimal due to the high importance of such data for the usage of ﬁnancial instruments. Where
there is insufﬁcient input data or if any other disruption event occurs that may result, inter alia, in inaccurate or delayed prices
2

Benchmark Statement

or a prohibition from trading for a longer time in respect of one or more constituents of the Benchmark, the affected constituent
may be reﬂected in the Benchmark with its last available price, or may be removed from the Benchmark with no value. Suchevents of insufﬁcient input data or any other disruption events may result in the market or economic reality measured by thebenchmark value no longer being sufﬁciently reliably represented.
Such events may also result in the implementation of corporate actions, or the calculation, publication and dissemination of the
Benchmark being postponed to a later time than as provided for in the index guideline.
Where there are extraordinary and unforeseeable events that are not covered (directly or by way of analogy) by the index guideline
or Solactive AG’s Disruption Policy, the index committee of Solactive AG (the “Index Committee”) will use expert judgement indetermining the treatment of such event.

4 CORRECTION AND RESTATEMENT
The Benchmark is calculated with the greatest possible efforts to ensure its accuracy. Nevertheless, errors in the index determination and calculation process, such as the omission or incorrect implementation of a corporate action, the use of incorrect
input data or the incorrect application of the Benchmark methodology, may occur from time to time for a variety of reasons,both internal to Solactive AG and external. In accordance with a pre-determined process, errors are to be corrected with effectfor the future. In addition, such errors may also result in a restatement of past index values, provided that such errors have been
identiﬁed within generally two business days after the occurrence of the event leading to the error. Errors in connection with theapplication of management and transaction fees can result in a restatement regardless of the time of discovery. Under certain
circumstances, errors will be assessed individually by the Index Committee.

5 CHANGES TO OR CESSATION OF THE BENCHMARK
Although the Benchmark is determined by a static set of rules and is intended to be comprehensive, factors, including externalfactors beyond the control of Solactive AG, may necessitate changes to, or the cessation of, the Benchmark. Such changes to orcessation of the Benchmark may have an adverse impact upon the ﬁnancial contracts and ﬁnancial instruments that reference
the Benchmark or the measurement of the performance of investment funds referencing the Benchmark.

6 BENCHMARK STATEMENT UPDATESSolactive AG will update this Benchmark Statement if the information herein is no longer correct or sufﬁciently precise. In particular, the Benchmark Statement will be updated as soon as practically possible whenever the type of Benchmark has changed(e.g. non-signiﬁcant to signiﬁcant) or whenever there is a material change to the methodology of the Benchmark.

7 INDEX COMMITTEE
Although the Benchmark applies a highly rules-based methodology that is intended to be comprehensive, it cannot be excluded
that ambiguities, errors, omissions or extraordinary and unforeseeable events could occur that may have an impact on the provision of the Benchmark. Solactive AG will seek to resolve any such situation by means of the Index Committee, composed of staffof the Solactive Group. Such committee is responsible, inter alia, for decisions regarding any amendments to the methodologyof the Benchmark, the treatment of any unforeseeable errors, and the correction as well as the cessation of a Benchmark.

3Benchmark Statement

8 ESG FACTORSCONSIDERATION OF ESG FACTORSName of the benchmark administrator

Solactive AG

Type of benchmark

EquityName of the benchmark

Solactive Developed Real Estate ESG Climate Index PR

Are there in the portfolio of the benchmark
administrator any EU Climate Transition
Benchmarks, EU Paris-alignedBenchmarks, benchmarks that pursue ESG
objectives or benchmarks that take into
account ESG factors?

Yes

Does the benchmark pursue ESG
objectives?

Yes

Details in relation to ESG factors listed in Annex II to Commission Delegated Regulation (EU) 2020/1816 disclosed at an aggregated weighted average value at the level of the benchmark. ESG factors marked as “voluntary” in Annex II to Commission
Delegated Regulation (EU) 2020/1816 are not disclosed. If no data are available for individual ESG factors, they are marked as“NA” below.
For a detailed description of each factor as well as the associated calculation formula, please refer to the Solactive ESG Factor
Disclosure Guideline available at www.solactive.com/documents.

Environmental factors

Value

Coverage

Exposure of the benchmark portfolio to thesectors listed in Sections A to H andSection L of Annex I to Regulation (EC) No
1893/2006 of the European Parliament andof the Council as a percentage of the total
weight in the portfolio--

Greenhouse Gas (GHG) Intensity--% reported GHG emissions--% estimated GHG emissions--

Exposure of the benchmark portfolio tocompanies the activities of which fallunder Divisions 05 to 09, 19 and 20 ofAnnex I to Regulation (EC) No 1893/2006--

Exposure of the benchmark portfolio toactivities included in the environmental
goods and services sector, as deﬁned in
Article 2, point (5) of Regulation (EU) No691/2011 of the European Parliament and ofthe Council

NANA4

Benchmark Statement

Social factors
International treaties and conventions,
United Nations principles or, whereapplicable, national law used in order todetermine what constitutes a’controversial weapon’

ValueCoverageplease see Solactive ESG Factor Disclosure Guideline available atwww.solactive.com/documents

Controversial Weapons %--Tobacco %--Social Violations

Total: % of constituents: --Exposure of the benchmark portfolio tocompanies without due diligence policies
on issues addressed by the fundamental
International Labour Organization
Conventions 1 to 8NANA

Gender pay gapNANARatio of female to male board members--

Ratio of accidents, injuries, fatalities

NANA

Number of convictions and amount of ﬁnes
for violations of anti-corruption andantibribery laws

NANA

Value

Coverage

Independent board members %--Female board members %--Governance factors

Data and standards useda) Description of data sources used toprovide information on the disclosed ESG
factors

The respective source of each disclosed ESG factor is described in the Solactive
ESG Factor Disclosure Guideline available at www.solactive.com/documentsb) Reference standards.

If individual data points reported under the description of the ESG factors above
are informed by supporting standards, the latter are listed in the detailed deﬁnition of the respective item in the Solactive ESG Disclosure Guideline availableat www.solactive.com/documents

5Benchmark Statement

DISCLOSURE OF THE ALIGNMENT WITH THE OBJECTIVES OF THE PARIS AGREEMENTa) Does the benchmark align with thetarget of reducing carbon emissions or theattainment of the objectives of the Paris
Agreement?

NAb) Temperature scenario, in accordancewith international standards, used for thealignment with the target of reducing GHGemissions or the attainment of theobjectives of the Paris Agreement

The benchmark does not use any temperature scenario for the alignment withthe target of reducing GHG emissions or attaining the objectives of the Paris
Agreement.

c) Name of the provider of the temperature
scenario used for the alignment with thetarget of reducing GHG emissions or theattainment of the objectives of the Paris
AgreementNAd) Methodology used for the measurementof the alignment with the temperature
scenarioNAe) Hyperlink to the website of thetemperature scenario usedNAInformation updated on

10.10.2023

Reason for update

Initial document creation.

9 MISCELLANEOUS©Solactive AG, 2019. All rights reserved.
“Solactive”, “Solactive GBS”, “German Index Engineering” and the logo
tive AG.

are registered trademarks of Solac-

This document constitutes the Benchmark Statement in accordance with Article 27 of the BMR. The informationin this document does not constitute tax, legal or investment advice. The Benchmark Statement is proprietary to
Solactive AG. Its content may not be modified, reproduced, redistributed or stored in a retrieval system in whole
or in part without the prior written consent of Solactive AG.

6CONTACTSolactive 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
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