SL0AZ0 Solactive Remote Work Index
The Index includes US traded common stocks or ADRs that have significant exposure to at least one of the following categories: Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. The algorithm then ranks these companies according to their relevance in relation to the theme-specific keywords (“Index Score”). The index includes the 10 constituents per category that exhibit the highest Index Score. The algorithm is run four times – once per each index category. At selection, the index is constituted of 40 companies. In case there are less than 10 constituents for any given index category, the index would be constituted by 40 minus the number of companies needed for said category to have 10 constituents.
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As of 05/30/2023
Index Information
Provider: Solactive
Category1: US Equity
Category2: Thematic
Category3: Information Technology
Currency: USD
Inception date: 04/27/2020
Backtesting data exists: Yes
Weighting methodology: Equal weighted
Number of holdings: 40
Rebalanced: Semi-annually
Reconstituted: Semi-annually
As explained in what is an index, there is no universal system of giving an index a symbol. You can search for indexes using our index symbol lookup.