Investable Indexes

MarketVector^TM Indexes are investable Indexes, tailor-made for exchange-traded funds (ETFs). The Index concept is built on three key factors: liquidity, pure-play exposure and diversification which, in combination, ensure the creation of investable Index tools, particularly suited to underlie ETFs.

Demanding liquidity criteria are applied when potential Index companies are screened.

Strict and Demanding Liquidity Criteria

Ineligible for inclusion are stocks which have a free-float of less than 10.00%. Each MarketVector^TM Index component must meet the following liquidity requirements:

• A full market capitalization exceeding 150 million USD;
• A three-month average daily trading volume of at least 1 million USD at the actual review date (1);
• A three-month average daily trading volume of at least 1 million USD at the previous two reviews (2) (3) of an actual review.

• At last 250,000 shares traded per month over the last six months at the actual review date (1);
• At last 250,000 shares traded per month at the previous two reviews (2) (3) of an actual review.

The table shows the results of the liquidity screening for the index components YAMANA GOLD INC (CA98462Y1007, MVIS^® Global Junior Gold Miners Index) and KINROSS GOLD CORP (CA4969024047, MVIS^® Global Junior Gold Miners Index).

Component Selection Criteria for the MVIS^® Global Junior Gold Miners Index

(example values based on previous index reviews)