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Monthly Index News December 2020 MONTHLY INDEX NEWS Copyright © 2021 Qontigo GmbH. MONTHLY INDEX NEWS / December 2020 Newsletter Updates In order to enhance the readability of the newsletter, we constantly update it to include newly launched indices and consider layout modifications to the various sections. There are no changes this month. 1/27 Copyright © 2021 Qontigo GmbH. MONTHLY INDEX NEWS / December 2020 Table of Contents STOXX Benchmark Indices ................................................................................................................................................ 3 DAX Indices ....................................................................................................................................................................... 4 ESG-X Indices .................................................................................................................................................................... 5 ESG and Sustainability Indices .......................................................................................................................................... 6 Climate Indices – Paris-Aligned Benchmark Indices ......................................................................................................... 7 Climate Indices – Climate Transition Benchmark Indices ................................................................................................. 8 Climate Indices – Impact, Change Leaders and Awareness Indices .................................................................................. 9 Low Carbon Indices.......................................................................................................................................................... 10 Thematic Indices – Revenue-Based ................................................................................................................................ 11 Thematic Indices – AI-Driven .......................................................................................................................................... 13 Factor Indices – Global ................................................................................................................................................... 14 Factor Indices – Regional: Europe .................................................................................................................................. 15 Factor Indices – Regional: US .......................................................................................................................................... 16 Factor Indices – Regional: Asia/Pacific ........................................................................................................................... 17 ESG-X Factor Indices – Global ......................................................................................................................................... 18 ESG-X Factor Indices – Regional: Europe ........................................................................................................................ 19 ESG-X Factor Indices – Regional: US .............................................................................................................................. 20 ESG-X Factor Indices – Regional: Asia/Pacific ............................................................................................................... 21 Europe Factor Market Neutral Indices ............................................................................................................................. 22 Premia Indices ................................................................................................................................................................. 23 Minimum Variance Indices .............................................................................................................................................. 24 Dividend Indices .............................................................................................................................................................. 25 2/27 Copyright © 2021 Qontigo GmbH. MONTHLY INDEX NEWS / December 2020 STOXX Benchmark Indices Key Points The STOXX® Global 1800 Index extended its advance during December to post a second straight year of double-digit percentage gains, as investors raised expectations that policy support and vaccines will help economies overcome the COVID-19-induced slump. The global index rose 4.3% in dollar terms to a record during December, including dividends, for a 16.9% jump in 2020. The benchmark added 2% in euros during the month as the greenback fell 2.3% against the common currency. The Eurozone’s EURO STOXX 50® Index rose 1.8% in December when measured in euros, while the pan-European STOXX® Europe 600 Index climbed 2.6%. Both still posted a loss for the entire year. The STOXX® North America 600 Index rose 4% in dollars during December and the STOXX® USA 500 Index gained 4.1%. The STOXX® Asia/Pacific 600 Index increased 4.9% in dollars. Risk and Return Characteristics Return (%) Annualized volatility (%) EUR USD EUR USD 1M YTD 1Y 1M YTD 1Y 1M YTD 1Y 1M YTD 1Y P/B 1. EURO STOXX 50 1.8 -2.6 -2.6 4.1 6.2 6.2 14.0 32.3 32.3 16.2 33.9 33.9 2.0 2. STOXX Europe 600 2.6 -1.5 -1.5 4.9 7.4 7.4 12.1 28.0 28.0 14.0 29.6 29.6 1.9 3. STOXX Global 1800 2.0 7.3 7.3 4.3 16.9 16.9 6.2 28.4 28.4 7.2 28.6 28.6 2.4 4. STOXX Global 1800 ex USA 2.4 0.1 0.1 4.8 9.1 9.1 8.6 22.9 22.9 10.7 24.2 24.2 1.5 5. STOXX USA 500 1.7 12.0 12.0 4.1 22.1 22.1 8.3 34.9 34.9 8.2 34.6 34.6 4.0 6. STOXX USA 900 1.9 11.8 11.8 4.2 21.8 21.8 8.3 35.0 35.0 8.3 34.7 34.7 3.9 7. STOXX North America 600 1.7 11.1 11.1 4.0 21.0 21.0 8.2 34.7 34.7 8.1 34.4 34.4 3.8 8. STOXX Asia/Pacific 600 2.6 4.2 4.2 4.9 13.6 13.6 9.8 20.4 20.4 11.1 21.2 21.2 1.1 Risk and return performance figures for STOXX Benchmark Indices, Gross Return. Data as of Dec. 31, 2020. Source: Qontigo. Index and Volatility Performance 120 100% 90% 110 80% 70% 100 60% 90 50% 40% 80 30% 20% 70 10% 0% 60 1 2 3 4 5 6 7 8 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 1 2 3 4 December 2020 5 6 7 8 Figure 1: Annual price performance, EUR Gross Return. Figure 2: Monthly annualized volatility analysis, EUR Gross Jan. 2020 – Dec. 2020. Shaded area: Dec. 2020. Source: Qontigo. Return. Jan. 2004 – Dec. 2020. Source: Qontigo. 3/27 Copyright © 2021 Qontigo GmbH. MONTHLY INDEX NEWS / December 2020 DAX Indices Key Points Germany’s DAX family is led by the blue-chip DAX®. The MDAX® and SDAX®, respectively, gauge the performance of the country’s mid- and small-caps. The TecDAX® tracks German technology companies. Finally, the HDAX® Index groups all equities that belong to either the DAX, MDAX or TecDAX. The small-caps gauge led gains within the group for a second month during December, to post an 18% gain for 2020. The DAX® 50 ESG Index, which excludes companies involved in controversial activities and integrates environmental, social and governance (ESG) scoring into stock selection, trailed both the HDAX and the flagship DAX during the month that ended. Risk and Return Characteristics (EUR) Return (%) (EUR) Annualized volatility (%) 1M YTD 1Y 1M YTD 1Y 1. DAX 3.2 3.5 3.5 16.7 33.5 33.5 2. DAX 50 ESG 3.0 5.4 5.4 15.4 32.9 32.9 3. MDAX 5.1 8.8 8.8 10.6 28.1 28.1 4. SDAX 7.1 18.0 18.0 14.3 29.8 29.8 5. TecDAX 2.1 6.6 6.6 12.7 29.6 29.6 6. HDAX 3.6 2.9 2.9 14.9 32.4 32.4 Risk and return performance figures for DAX Indices, Gross Return. Data as of Dec. 30, 2020. Source: Qontigo. Index and Volatility Performance 120 80% 70% 110 60% 100 50% 90 40% 30% 80 20% 70 10% 60 0% Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 1 2 3 4 5 6 1 2 3 4 5 6 December 2020 Figure 3: Annual price performance, EUR Gross Return. Figure 4: Monthly annualized volatility analysis, EUR Gross Return. Jan. 2020 – Dec. 2020. Shaded area: Dec. 2020. Source: Qontigo. Jan. 2020 – Dec. 2020. Source: Qontigo. 4/27 Copyright © 2021 Qontigo GmbH. MONTHLY INDEX NEWS / December 2020 ESG-X Indices Key Points The major STOXX ESG-X indices performed broadly in line with benchmarks during December, allowing investors to generate market-type returns while complying with sustainable policies. For the entire year, most of the indices beat their benchmarks. The ESG-X indices are versions of traditional, market-capitalization-weighted benchmarks that observe standard responsible exclusions of leading asset owners. They incorporate basic norm- and product-based exclusion criteria to comply with ESG principles. Companies are excluded based on data provider Sustainalytics’ determination of non-compliance with the Global Standards Screening assessment, involvement in controversial weapons, tobacco production, thermal coal extraction or exploration, or use of thermal coal to generate at least a quarter of power output. Risk and Return Characteristics Return (%) Annualized volatility (%) EUR USD EUR USD 1M YTD 1Y 1M YTD 1Y 1M YTD 1Y 1M YTD 1Y P/B 1. EURO STOXX 50 ESG-X 1.8 -1.4 -1.4 4.1 7.4 7.4 13.9 31.5 31.5 16.0 33.0 33.0 2.0 2. STOXX Europe 600 ESG-X 2.6 -1.4 -1.4 5.0 7.5 7.5 12.0 27.8 27.8 13.9 29.4 29.4 1.9 3. STOXX USA 500 ESG-X 1.8 14.3 14.3 4.1 24.6 24.6 8.5 35.1 35.1 8.4 34.8 34.8 4.3 4. STOXX North America 600 ESG-X 1.7 13.2 13.2 4.1 23.4 23.4 8.3 34.9 34.9 8.3 34.5 34.5 4.1 5. STOXX Asia/Pacific 600 ESG-X 2.6 4.7 4.7 5.0 14.1 14.1 9.9 20.4 20.4 11.2 21.3 21.3 1.1 6. STOXX Global 1800 ESG-X 2.0 8.6 8.6 4.4 18.4 18.4 6.2 28.3 28.3 7.2 28.4 28.4 2.4 Risk and return performance figures for STOXX ESG-X Indices, Gross Return. Data as
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