BeneFaktorIndex®️ Neue Seidenstrasse

Universe of Index Components

The following instruments selected from the Reference Market: Stocks and Substitutes

Index Components and their selection

Each instrument selected from the Index Universe must fulfil the following criteria to be eligible for inclusion in the Index ("Index Component Selection Criteria").

A. Market Selection Criteria

The relevant instrument must:

• Have a price that is set regularly.
  
• Have a price that is publicly accessible.
• Have a minimal market capitalization of one hundred (100) EUR million
• Have a minimal daily trading volume of three (3) EUR million over the previous six months.

B. Thematic Selection Criteria

An instrument of a company is eligible if:

1. the company carries out business activities in one of the following sectors: train manufacturers as well as manufacturers and operators of rail infrastructure, shipbuilders, ports and port operators, logistics companies, container terminals, container rental companies and manufacturers; and
2. the ccompany is related to the Belt and Road Initiative (Neue Seidenstrasse) and carries out business activities in the development and maintenance of the infrastructure network in that regard. The infrastructure network includes railway lines, land routes and sea routes.

An instrument of a company is not eligible if:

1. the company carries out the majority of their business activities in the military sector;
2. the company is headquartered in the United States of America;
3. the company is permanently associated with unethical behavior. Unethical behavior, among others, includes tax fraud, bribery.
   
   Such securities form the "Selection Pool".

C. Diversification Selection Criteria

The following diversification criteria apply:

• A maximum of 50% Index Components from the Asia-Pacific region.
• If the amount of Asia-Pacific Index Components is between 25% - 50% with regards to the total amount of Index Components, each Asia-Pacific Index Component shall have a maximum weight of 5%. If the amount of Asia-Pacific Index Components is between 0 - 25% with regards to the total amount of Index Components, each Asia-Pacific Index Component shall have a maximum weight of 10%.
• A maximum of 10% Index Components from Australia and New Zealand combined.
• Each Index Component from Australia or New Zealand shall have a maximum weight of 5%.

The resulting securities are adjusted in discretion of the Index Allocator and form the “Filtered Selection Pool”.

Allocation of Index Components

Index Component Name - ISIN
Alstom SA - FR0010220475
AP Moeller - Maersk A/S - DK0010244508
Brambles Ltd - AU000000BXB1
China Logistics Property Holdings Co Ltd - KYG212091048
China Merchants Port Holdings Co Ltd - HK0144000764
China Railway Group Ltd - CNE1000007Z2
CRRC Corp Ltd - CNE100000BG0
Costamare Inc - MHY1771G1026
Deutsche Post AG - DE0005552004
Dsv A/S - DK0060079531
Hapag Lloyd AG - DE000HLAG475
Hitachi Ltd - JP3788600009
Korea Shipbuilding & Offshore Engineering Co Ltd - KR7009540006
IHI Corp - JP3134800006
Kamigumi Co Ltd - JP3219000001
Keppel Corporation Ltd - SG1U68934629
Knorr Bremse AG - DE000KBX1006
Koninklijke Vopak NV - NL0009432491
Kuehne und Nagel International AG - CH0025238863
Densan Co Ltd - JP3551410008
Siemens AG - DE0007236101
Singapore Technologies Engineering Ltd - SG1F60858221
Sinotrans Ltd - CNE1000004F1
Stadler Rail AG - CH0002178181
Textainer Group Holdings Ltd - BMG8766E1093
Triton International Ltd - BMG9078F1077
Vinci SA - FR0000125486
voestalpine AG - AT0000937503
Wincanton PLC - GB0030329360
Yuexiu Transport infrastructure Ltd - BMG9880L1028

As of the Index Start Date, an equal weighting across the Index Components will be applied. On a quarterly basis, the Index Components will be equally weighted rebalanced on the second consecutive Business Day following a Rebalancing Determination Date.