The FTSE Fair Value Indexes are designed to reflect price changes in index constituents in markets that have closed prior to the U.S Equity market close at 16:00 EST. The indexes employ a price estimate for these index constituents that would likely prevail in a liquid market. Fair value prices are determined using market information available at the time of each constituent’s evaluation, including the issue’s local closing price, relevant general and sector indexes, currency fluctuations, depositary receipts, and futures, as applicable. IDC Fair Value Prices and WM/Reuters 16:00 EST rates are used for the index calculation.
Index rules should be read in conjunction with supportingFTSE Russell noticesThese notices advise of advance changes in index methodology, which may not be reflected in index rules until the change effective date. The notices may also communicate revisions in index treatment in the period up to a rule change.