GLOBAL ONLINE RETAIL GROWTH INDEX CRITERIA

CONSTITUENT ELIGIBILITY REQUIREMENTS

In order to be eligible for inclusion in the index, companies must meet the following conditions:

• Companies need to derive at least 60% of revenues from online retail or online marketplace commerce sales.
• The eligible companies are classified in one of two online retail business segments:
  o Online Retail: Online shopping in the form of electronic or virtual commerce which allows consumers to buy goods or services directly over the internet.
  o 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.
• All eligible securities that demonstrate a positive year-over-year quarterly revenue percentage growth are selected. If less than 30 securities do not meet the criterion, the top 30 securities based on its year-over-year quarterly revenue percentage growth are selected.
• The companies selected after completion of the above steps will be screened for compliance with UN Global Compact principles plus any operational business involvement in the fields of fossil fuel, oil sands or controversial weapons.
• Listing on a regulated stock exchange in the form of shares tradable for foreign investors without restrictions.
• Share class market capitalization of at least $250 million USD.
• Average daily traded value of at least 1 million USD over the last six months.
• Non-US incorporated companies will be exchange traded ADR versions if available, provided their average daily traded value is at least 75% of the locally traded listing.
• Emerging Market incorporated companies are only eligible for inclusion in the index as an ADR version.