BNY Mellon DR Index is the only comprehensive depositary receipt (DR) index on the market. As the only index to track all American and global DRs traded on The London Stock Exchange, the New York Stock Exchange, NYSE Amex and NASDAQ, it is an ideal benchmarking tool for ADR and GDR investors alike. Calculated on a continuous basis throughout the trading day - beginning with the open of the U.K. market through the close of the U.S. market - BNY Mellon DR Index is capitalization-weighted and adjusted for free-float using Dow Jones' methodology. In addition to the Bank's Composite DR Index, there are three regional indices (Eastern Europe, Asia and Africa), one market index (Emerging), two select indices (Russia Select and India Select) and eight country indices.
For more information on BNY Mellon DR indices, please contact Cheryl Workman at 212 815 2732 or Robert Verhelle at 212 815 2161.
U.K. & U.S. Stock Exchange-traded Depositary Receipts
BNY Mellon DR Index contains U.K. stock exchange traded and U.S. stock exchange-listed Depositary Receipts, including many premier international 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 DR 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 that trade in the local market and also trade in the form of Depositary Receipts in the United States and United Kingdom. Dow Jones & Company, Inc.'s then-current free-float adjusted market capitalization methodology is employed. These are adjusted by the DR conversion ratio and the result is multiplied by the last sale price as reported on the NYSE, NYSE Amex or NASDAQ or the official close as reported on the LSE.
Index Adjustments and Rebalancing
To ensure the accuracy and integrity of BNY Mellon DR 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.