INDEX CONSTRUCTION

1. Potential Index constituents include all equities trading on major U.S. exchanges of companies that have been spun-off within the past two years.
   
   
2. The Spin-Off Index comprises the 40 highest-ranking stocks chosen from the universe of spun-off companies.
   
   
3. Each company is ranked using a 100% quantitative rules-based methodology that includes composite scoring of several growth-oriented, multi-factor filters, and is sorted from highest to lowest.
   
   
4. The 40 highest-ranking stocks are chosen and given a modified market cap weighting with a maximum weight of 5%.
   
   
5. The constituent selection process and portfolio rebalance is repeated semi-annually.