BATTERY METALS INDEX FAQS - EQM Indexes
BATTERY METALS INDEX FAQS2018-06-17T13:51:04+00:00

Battery Metals and Mining Index

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The index selection process selects equities for the selection pool that meet the following conditions as determined the Index Provider:

Securities are selected based on the following criteria:

  • Publicly traded companies engaged in the exploration, production, development, processing, and/or recycling of the materials and metals used in advanced battery chemistries such as Lithium, Cobalt, Nickel, Manganese, and/or Graphite.
  • The Index seeks to provide exposure to companies in the battery materials supply chain that demonstrate a verifiable beneficial interest in advanced battery metals and/or mining as verified by one of the following factors:

    ownership/partnership interest in mineral deposits, resources, and/or reserves used in advanced battery chemistries,
    revenue or profit derived from the mining activity or metal processing, operations, contracts, and/or projects utilized in advanced battery chemistries, and/or
    investment and/or economic share in companies engaged in mining activity or metal processing, operations, contracts, and/or projects utilized in advanced battery chemistries.

  • Listing on a regulated stock exchange in the form of shares tradable for foreign investors without restrictions.
  • Market capitalization of at least 100 million USD.
  • Average daily trading volume of at least 1,000,000 USD over the last six months.
  • Adequate constituent liquidity and accessibility for an exchange listed product as determined by the Index Provider.
  • Non-US companies will be U.S. exchange traded ADR versions if available, provided their liquidity is comparable to locally traded shares.
The daily price and return of the EQM Battery Metals and Mining Index (BATTIDX) is calculated and published by Thomson Reuters.

The EQM Battery Metals and Mining Index is a passively managed index.  It is not possible to invest in an index.

For more information on an ETF that invests battery metals and mining companies.

The EQM Battery Metals and Mining Index (BATTIDX) is licensed by Toroso Investments. Please email inquiries to Dan Carlson at dcarlson@torosoinv.com.

Quotes for the EQM Battery Metals and Mining Index can be found each day under the symbol BATTIDX on Bloomberg, on Reuters as .BATTIDX and from other financial data providers.

The company did not meet the selection criteria when the index was last reconstituted. Companies that now meet index selection criteria will become candidates for inclusion at the next reconstitution date.

Eligible initial public offerings will be considered for inclusion on the index’s next scheduled reconstitution date.  In the event of an IPO which the index committee deems has “high importance” for the EQM Metals and Mining Index, the index committee can decide to include these companies on an extraordinary adjustment event basis.

If an index component’s stock is discontinued due to a merger or acquisition, the index committee may, at its sole discretion, replace the discontinued component at the time of discontinuation if more than 30 calendar days remain until the next reconstitution date.  The discontinued component will either be deleted entirely or be replaced with the next eligible security from a reserve list.  The replacement will be given the appropriate weighting given the securities country of domicile. If there are not more than 30 calendar days remaining until the next reconstitution date, the index committee will wait until the next reconstitution date to make the replacement.  In this scenario, any funds received from the discontinued security will be distributed to the remaining index components pro rata.

The index is rebalanced quarterly and is scheduled for reconstitution on the second Wednesday of August, November, February, and May.