market exchanges and currently consists of companies within the maritime shipping industry.
The filing outlines a change to the Dow Jones Global Shipping Index. According to the filing, the Index is designed to measure the performance of high dividend-paying companies in the shipping industry. CME Group Index Services LLC (“CME Indexes” or the “Index Provider”) uses a rules-based methodology to rank companies by yield that are involved in the shipping industry globally that primarily transport goods and materials. The Index Provider determines whether a company is “high-dividend paying” by ranking it relative to other companies in the shipping industry based upon indicated annual yield (most recent distribution annualized and dividend by the current share price). The Index Provider considers a company to be in the shipping industry if its revenues are derived primarily from shipping activities (excluding companies solely involved in transporting passengers). As of the date of this Prospectus, a significant percentage (i.e., greater than 25%) of the Index was comprised of companies in the industrials and energy sectors. The companies in the Shipping Index may be located in any country, including those classified as emerging markets. The Index constituents are weighted based on their float-adjusted market capitalization and, as of April 30, 2011, the market capitalizations of the 25 stocks included in the Index range from $400 million to $9.7 billion, which includes micro-, small-, mid and large-capitalization stocks as defined by the Index Provider. As of that date, the Index constituents’ countries of domicile were represented (in approximate market capitalization) in the Index as follows: Japan 27.46%, Bermuda 17.00%, Hong Kong 13.11%, Singapore 10.88%, Greece 9.44%, United States 7.82%, Bahamas 6.92%, Canada 4.24% and Denmark 3.13%.
They do not indicate a change in the trading symbol, expense ratio or name.
For the complete filing click: HERE