New York, NY, March 15, 2016 — The S-Network ADR Dividend Index Committee today announced the following rule change:Effective immediately, the following language will be added to Section VI, “Roles of Parties in the Quarterly Rebalance”:
iii) If a constituent has an average daily trading value of less than 750,000 USD over the 20 days prior to the snapshot date, it will be removed from the index in the rebalancing, and the next highest ranking dividend yield security will be added.
ADRDX is a portfolio of stocks derived from the BNY MELLON COMPOSITE DEPOSITARY RECEIPT INDEX (ADR INDEX) Index.The ADRDX methodology selects the five stocks in each of the ten GICS sectors that make up the ADR INDEX which offer the highest dividend yields as of the last trading day of May. The fifty stocks that are selected for inclusion in the portfolio are equally weighted. The index is rules based and fully transparent. More information about the index is available at http://www.snetglobalindexes.com.
S-Network Global Indexes, Inc. is a publisher and developer of proprietary and custom indexes. S-Network began publishing indexes in 2006 and currently publishes over 300 indexes, which serve as the underlying portfolios for financial products with approximately USD 7 billion in assets under management. S-Network indexes, which are supported by a state-of-the-art technology platform, are known for their transparency and efficiency. More...