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GLOBAL ONLINE RETAIL AND E-COMMERCE 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 four criteria:

  • Global companies with significant business operations in one of three online retail business segments:

    1. Online Retail – online shopping in the form of electronic or virtual commerce which allows consumers to buy goods or services directly over the internet.
    2. Online Travel – online booking of travel or travel-related services over the internet.
    3. Online Marketplace – online platform in which consumer transactions are processed by the marketplace operator and then delivered and fulfilled by participating retailers, restaurants, or wholesalers.
  • At least 65% of revenues or a minimum of $90 billion in annual retail sales should be derived from online and/or virtual business transactions.
  • Listing on a regulated stock exchange in the form of shares tradable for foreign investors without restrictions.
  • Free-float market capitalization of at least $300 million USD.
  • Minimum free float of 20%.
  • Average daily traded value of at least $2,000,000 USD over the last six months.
  • Adequate constituent liquidity and accessibility for an exchange listed product as determined by the EQM Indexes LLC.
  • China shares only eligible for inclusion as ADR or Hong Kong-listed versions, utilizing the Hong Kong-listed version if available.
  • India shares only eligible for inclusion as ADR-listed versions.
  • On list of Emerging Market exchanges eligible for local shares.
  • Maximum of 100 names, ranked by free-float market capitalization, eligible if they meet all other inclusion criteria.

The daily price and return of the EQM Global Online Retail and E-Commerce Index IBUYAU is calculated and published by Solactive AG.

The EQM Global Online Retail and E-Commerce Index is a passively managed index. It is not possible to invest in an index. For more information on the ETF tracking this index, contact info@eqmindexes.com.
Quotes for the EQM Global Online Retail and E-Commerce Index can be found each day under the symbol IBUYAUNR on Bloomberg, on Reuters as .IBUYAUNR 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 exclusion at the next reconstitution date.

In the event of an IPO, direct listing, spin-off, or in case of a listing change from one exchange to another, if the company meets the investment criteria for inclusion in the EQM Global Online Retail and E-Commerce Index, the index committee will include these companies on an extraordinary adjustment event basis within 5 business days of the initial listing date.

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 on an ordinary basis, semi-annually on the first Wednesday in May and November.