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P a g e
TABLE OF CONTENTS
TABLE OF CONTENTS ............................................................................................................................................................ 2
1. Introduction ................................................................................................................................................................ 4
2. Security Eligibility ...................................................................................................................................................... 4
2.1
Overview OF Selection CRITERIA for NASDAQ-100 Index ............................................................................. 4
2.2
Detailed INITIAL Security Selection Criteria .................................................................................................. 5
2.2.1 Listings .......................................................................................................................................................... 5
2.2.2 Security Types .............................................................................................................................................. 5
2.2.3 Market Capitalization .................................................................................................................................. 5
2.2.4 Liquidity ......................................................................................................................................................... 6
2.2.5 Security Seasoning Criteria ........................................................................................................................ 6
2.3
Detailed CONTINUED ELIGIBILIty Security Criteria ......................................................................................... 6
2.3.1 Index Evaluation ........................................................................................................................................... 6
3. Index Calculations ..................................................................................................................................................... 7
3.1
Last Sale Price................................................................................................................................................... 9
3.2
Index Shares ...................................................................................................................................................... 9
3.3
Index Security Market Value and Index Market Value ................................................................................ 9
3.4
Base Date ........................................................................................................................................................... 9
3.5
Base Value ......................................................................................................................................................... 9
3.6
PRICE RETURN DIVISOR .................................................................................................................................... 10
3.7
Price Return Index Value Calculation .......................................................................................................... 10
3.8
Gross Total Return Index ............................................................................................................................... 10
3.9
NOTIONAL Net Total Return Index ................................................................................................................. 11
4. Index Dissemination ................................................................................................................................................ 11
5. INDEX MAINTENANCE ................................................................................................................................................. 11
5.1
Index Rebalancing .......................................................................................................................................... 11
5.2
Index Security Changes ................................................................................................................................. 13
5.2.1 Bankruptcy .................................................................................................................................................. 13
5.3
Index Share Changes ..................................................................................................................................... 13
5.3.1
Total Shares Outstanding Changes ................................................................................................... 13
6. Corporate Actions ......................................................................................................................................................... 14
6.1
Stock Split and Stock Dividend .................................................................................................................... 14
6.2
Reverse Stock Split ........................................................................................................................................ 14