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Latest updates from Index Services at Northern Trust

November 8, 2021

As part of an index methodology review, Northern Trust Index Services has elected to remove the following rules from the Northern Trust US Corporate Bond Quality Value Index, the Northern Trust High Yield Value-Scored US Corporate Bond Index, and the Northern Trust US Long Corporate Bond Quality Value.

• Minimum absolute constituent constraint: to require that each index constituent has a weight of at least one basis point (0.01%)

• Minimum absolute turnover constraint: to require that index turnover at the constituent level is larger than one basis point (0.01%) for each change made during the reconstitution

These changes will take effect for the January 2022 reconstitution, and be effective as of February 1, 2022 within the index.

Please feel free to reach out to nt_index_services@ntrs.com should you have any questions.

November 5, 2021

Following an October 2021 review of our country classifications and a meeting by the Northern Trust Index Services group, no changes will be made to our current country classifications.

The following country did however, make its way to our “Watch List” for further consideration in October of 2022. Assuming the same actions are suggested by our rules at that time, and a confirmation of the change is made by Northern Trust Index Services at its review meeting, this change could become official in March of 2023.

Country Suggested Change
Taiwan Move from Emerging Markets to Developed Markets

Please feel free to reach out to nt_index_services@ntrs.com should you have any questions.

January 25, 2021

After receipt of additional guidance from OFAC, In response to the recent Executive Orders issued by the President of the United States to prohibit "any transaction in publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities" of designated Chinese military companies, Northern Trust will delete the below list of securities from all Northern Trust Indices as of the close of business of January 27, 2021.

SECURITY_NAME RIC ISIN
CNOOC LTD 0883.HK HK0883013259
XIAOMI CORP 1810.HK KYG9830T1067

January 7, 2021

After receipt of additional guidance from OFAC, In response to the recent Executive Orders (one to be effective January 11, 2021; the other to be effective as of February 4, 2021) issued by the President of the United States to prohibit “any transaction in publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities” of designated Chinese military companies, Northern Trust will delete the below list of securities from all Northern Trust Indices as of the close of business of January 11, 2021.

SECURITY_NAME RIC ISIN
CHINA UNICOM HONG KONG LTD 0762.HK HK0000049939
CHINA MOBILE LTD 0941.HK HK0941009539

 


Northern Trust's Index Services group specializes in developing customized index solutions for sophisticated clients. For more information on our service, please contact us at nt_index_services@ntrs.com.

Featured Indexes

As of 21-JAN-22
Index1 Month %1 Month Annualized %3 Month %3 Month Annualized %6 Month %6 Month Annualized %YTD %YTD Annualized %Since Inception %Since Inception Annualized %Inception Date
NTUQDTR-3.54-34.60-0.98-3.842.695.40-6.25-67.40215.0013.3630-NOV-12
NTIQDNTR2.0326.74-1.02-3.970.240.48-0.47-7.9460.665.3230-NOV-12
NTGQRENTR-3.45-33.90-0.72-2.812.194.38-7.13-72.3674.046.9315-OCT-13
NTASETTR0.080.96-0.56-2.193.106.24-2.69-37.7157.007.5130-OCT-15
NTULQVCBTR-3.16-31.46-2.02-7.78-3.99-7.75-4.03-51.125.042.5231-JAN-20
NTUQVCBTR-1.10-12.17-1.17-4.55-2.31-4.54-1.32-20.564.842.4231-JAN-20