BNY Mellon Classic ADR Index is the only index to track all Depositary Receipts either traded OTC or on The New York Stock Exchange (NYSE), NYSE Amex or NASDAQ. In addition to the Bank's Composite Index, there are 3 regional indices (Europe, Asia and Latin America), 2 market indices (Developed and Emerging) and 10 sector indices (Oil & Gas, Basic Materials, Consumer Goods, Health Care, Consumer Services, Telecommunications, Utilities, Financials and Technology) and 19 country indices. The Index and Sub-Indices are calculated on a continuous basis throughout the US trading day. They are capitalization-weighted and adjusted for free-float utilizing Dow Jones' current methodology.
For more information on BNY Mellon Classic ADR indices, please contact Cheryl Workman at 212 815 2732, Huong (Holly) Lai at 212 815 3967 or Robert Verhelle at 212 815 2161.
Transparency of the ADR Universe
BNY Mellon Classic ADR Index combines the OTC traded ADRs with exchange-listed ADRs bringing transparency to the available universe of American Depositary Receipts, including those issued by many of the world's premier companies. Such DRs are subject to the regulatory and stock exchange requirements applicable to the companies listed and traded in such markets.
Market Capitalization Weighted
BNY Mellon Classic ADR Index is capitalization-weighted, using an index formula based upon the aggregate of price times share quantities. The number of shares used in the Index calculation generally represents the entire class(es) or series of shares adjusted for free-float that trade in the local market and also trade in the form of Depositary Receipts in the United States. Dow Jones & Company, Inc.'s then-current free-float adjusted market capitalization methodology is employed. These are adjusted by the ADR conversion ratio and the result is multiplied by the last sale price.
Index Adjustments and Rebalancing
To ensure the accuracy and integrity of BNY Mellon Classic ADR Index, issued share capital adjustments greater than ten percent are made prior to the opening of trading on the effective date. Constituent additions are made on a quarterly basis. Deletions to the Index are made upon the effective delisting date or sooner. Share capital changes of less than or equal to ten percent are made on a quarterly basis after the third Friday of the months of March, June, September and December. On a quarterly basis, ordinarily after the third Friday of the months of March, June, September and December, the free-float shares of all the companies in the Index will be updated by the Calculation Agent.