Rule Changes Q4 2026

2.2 Selection Procedure

Old

Components of the index are reconstituted and rebalanced on a quarterly basis in March, June, September, and December according to the following schedule: 

1. The eligible universe and component selection is determined based on the closing data on the last business day in February, May, August, and November. If a security does not trade on the last business day in February, May, August, or November, the last available price for this security will be used. 
2. Component weights are determined based on closing data as of the Wednesday prior to the second Friday of March, June, September, and December. If a security does not trade on the Wednesday prior to the second Friday of March, June, September, and December, the last available closing data for this security will be used. 
3. The underlying review and rebalance data (i.e. weights, shares outstanding, free-float factors, and new weighting cap factors) is announced on the second Friday of March, June, September and December.  
4. Changes will be implemented and based on the closing prices as of the third Friday of March, June, September, and December. If the third Friday is not a business day, the review will take place on the last business day before the third Friday. If a security does not trade on the third Friday of March, June, September, or December, then the last available price for this security will be used. Changes become effective on the next index dissemination day.

New

Components of the index are reconstituted on a semi-annual basis in March and September and are rebalanced on a quarterly basis in March, June, September, and December according to the following schedule: 

1. The eligible universe and component selection is determined based on the closing data on the last business day in February and August. If a security does not trade on the last business day in February or August, the last available price for this security will be used. 
2. Component weights are determined based on closing data as of the Wednesday prior to the second Friday of March, June, September, and December. If a security does not trade on the Wednesday prior to the second Friday of March, June, September, and December, the last available closing data for this security will be used. 
3. The underlying review and rebalance data (i.e. weights, shares outstanding, free-float factors, and new weighting cap factors) is announced on the second Friday of March, June, September, and December. 
4. Changes will be implemented and based on the closing prices as of the third Friday of March, June, September, and December. If the third Friday is not a business day, the review will take place on the last business day before the third Friday. If a security does not trade on the third Friday of March, June, September, and December, then the last available price for this security will be used. Changes become effective on the next index dissemination day. 

1.3.2 Pricing Source

Old

For each company in the investable universe one pricing source qualifies for the eligible universe. In cases where a company has multiple listings (e.g. ADRs, GDRs, or listings on markets other than in the home country), the most liquid price source will be selected. Once a company has qualified for the investable universe, only the most liquid single exchange price source within the country qualifies for the eligible universe. In exceptional cases, the Index Owner can assign alternative pricing sources. In case the liquidity of a currently not included listing of an index component

• exceeds the liquidity of the currently selected listing by at least 100% and
• fulfills all liquidity eligibility criteria for non-components the currently selected listing will be replaced by the more liquid one.

New

For each company in the investable universe one pricing source qualifies for the eligible universe. In cases where a company has multiple listings (e.g. ADRs, GDRs, or listings on markets other than in the home country), the most liquid price source will be selected. Once a company has qualified for the investable universe, only the most liquid single exchange price source within the country qualifies for the eligible universe. In exceptional cases, the Index Owner can assign alternative pricing sources. In case the liquidity of a currently not included listing of an index component

•exceeds the liquidity of the currently selected listing by at least 300% and

•fulfills all liquidity eligibility criteria for non-components the currently selected listing will be replaced by the more liquid one.

1.1.3 Exchange Eligibility

Old

Due to investment restrictions securities listed on exchanges in the following countries do not qualify for the index universe: Bahrain, China (domestic market), Kuwait, Luxembourg, Oman, Qatar, Russia, United Arab Emirates, and Vietnam.

Companies from financial markets that are not freely investable for foreign investors or that do not provide real-time and historical component and currency pricing may still be eligible if they have a listing on an eligible exchange and if they meet all the size and liquidity requirements on this exchange.

New

For stocks, due to investment restrictions securities listed on exchanges in the following countries do not qualify for the index universe: Bahrain, China (domestic market), Kuwait, Luxembourg, Oman, Qatar, Russia, United Arab Emirates, and Vietnam.

For ETPs, securities must be listed on an exchange in the United States.

Companies from financial markets that are not freely investable for foreign investors or that do not provide real-time and historical component and currency pricing may still be eligible if they have a listing on an eligible exchange and if they meet all the size and liquidity requirements on this exchange.