The S&P/CITIC China A-Share Dividend Opportunities Index provides exposure to high yielding common stocks trading in China while meeting diversification, stability and tradability requirements.

In order for the index to maximize its yield and be diversified among individual stock and sectors, the weight for each index constituent is set at each rebalancing where no stock has a weight greater than 3%, and no single sector, as defined by the Global Industry Classification Standard (GICS®), has a weight greater than 33%.

Index constituents exhibit the following characteristics:

• Universe - All dividend paying stocks (A-Shares) listed on the Shanghai or Shenzen Stock Exchanges. Derivatives, structured products, over-the-counter listings, mutual funds and exchange-traded funds are ineligible.
• Market Capitalization - Float-adjusted market capitalization above the market cap threshold of 1 billion RMB.
• Value Traded - Six-month average daily value traded above the liquidity threshold of 10 million RMB.
• Stability Criteria - Each stock must have a positive, cumulative 3-year earnings growth and must be profitable, as measured by positive net income over the latest 12-month period, as of the rebalancing reference date.

Index Governance and Policy
Index membership and maintenance is governed according to a set of published rules. The index is the responsibility of the S&P/CITIC Index Committee, comprised of five members representing both Standard & Poor’s and CITIC Securities, which monitors overall policy guidelines and methodologies.

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