Treatment of Russia in Alerian S-Network Global Equity Indexes

NEW YORK, March 03, 2022 (GLOBE NEWSWIRE) — Following consultation with the Alerian S-Network Index Committee, Alerian S-Network Global Indexes will remove all Russian-linked index constituents from all Alerian S-Network Equity Indexes effective from the open on Monday, March 7, 2022.

In accordance with the ‘Ongoing Maintenance’ standard of Alerian S-Network Global Indexes, all Russian-linked index constituents will be removed from the indexes included in Appendix A effective from the open on Monday, March 7, 2022.

Moscow Exchange (MOEX) Listed Index Constituents and Russia Depositary Receipts (ADRs/GDRs) will be removed at .01 local currency of the security effective from the open on Monday, March 7, 2022. (See Appendix B)

All other Russian-linked index constituents, as defined by the Alerian S-Network Global Indexes Classification System, will be removed at their official closing price on Friday, March 4, 2022. If the constituent is suspended from trading on Friday, March 4, 2022, it will be removed at .01 local currency of the security.

Due to the implementation of sanctions, VTB Bank (VTBR RM, VTBR LI) will be removed at .01 local currency of the security.

Following the removal of Russian-linked index constituents from all indexes, Russian-linked index constituents will be ineligible for inclusion in all Alerian S-Network Global Equity indexes until additional timetable for re-inclusion is agreed upon with the Alerian S-Network Index Committee.

Appendix A. Alerian S-Network Affected Indexes

Appendix B. Removed Russian-Linked Securities

About Alerian S-Network Global Indexes

Alerian is a leading independent index provider focused on building innovative, index-based investment strategies. Alerian acquired S-Network Global Indexes in 2020, expanding the firm’s index offerings and services to partners. Combined, the firm serves the global investment community through indexing, benchmarking, and calculation services. Built on a foundation of data rigor and specialty research, Alerian S-Network Global Indexes offer a comprehensive family of energy, income, and thematic indexes. Today, the firm has over $23 billion in total assets benchmarked to its indexes and over 200 customers worldwide.

Alerian and S-Network Global Indexes contact: Robert Hughes, rhughes@alerian.com.