LPX Rebalancing Announcement July 2022

LPX Composite
Index Inclusions:
• Bain Capital Specialty Financing (BCSF UN Equity)
Index Exclusions:
• n/a

Announcement Dates
Announcement of new number of shares in the index (Share Fixing Date):
• Thursday, July 7th, 2022
Date of chaining (based on closing prices):
• Thursday, July 21th, 2022
Effective Date:
• Friday, July 22th, 2022

———————————————–
LPX Direct US
Index Inclusions:
• CHRYSALIS INVESTMENTS LTD (CHRY LN Equity)
Index Exclusions:
• VNV GLOBAL AB (VNV SS Equity)

Announcement Dates
Announcement of new number of shares in the index (Share Fixing Date):
• Wednesday, July 13th, 2022
Date of chaining (based on closing prices):
• Thursday, July 14th, 2022
Effective Date:
• Friday, July 15th, 2022

———————————————–
LPX Europe
Index Inclusions:
• BRIDGEPOINT GROUP-REGS WI (BPT LN Equity)
Index Exclusions:
• VNV GLOBAL AB (VNV SS Equity)

LPX America
Index Inclusions:
• n/a
Index Exclusions:
• n/a

LPX UK
Index Inclusions:
• BRIDGEPOINT GROUP-REGS WI (BPT LN Equity)
Index Exclusions:
• n/a

LPX Major Market
Index Inclusions:
• n/a
Index Exclusions:
• n/a

LPX50
Index Inclusions:
• GIMV NV (GIMB BB)
Index Exclusions:
• VNV Global AB (VNV SS)

LPX Direct
Index Inclusions:
• CHRYSALIS INVESTMENTS LTD (CHRY LN Equity)
Index Exclusions :
• VNV GLOBAL AB (VNV SS Equity)

LPX Buyout
Index Inclusions:
• OAKLEY CAPITAL INVESTMENTS (OCI LN Equity)
Index Exclusions :
• DEUTSCHE BETEILIGUNGS AG (DBAN GY Equity)

LPX Mezzanine
Index Inclusions:
• GLADSTONE INVESTMENT CORP (GAIN UW Equity)
• MONROE CAPITAL CORP (MRCC UW Equity)
• PHENIXFIN CORP (PFX UQ Equity)
Index Exclusions :
• FIRST EAGLE ALTERNATIVE CAPI (FCRD UW Equity)
• BLACKROCK CAPITAL INVESTMENT (BKCC UW Equity)

LPX Venture
Index Inclusions:
• SCHRODER UK PUBLIC PRIVATE (SUPP LN Equity)
Index Exclusions :
• n/a

LPX Indirect
Index Inclusions:
• n/a
Index Exclusions :
• n/a

Announcement Dates
Announcement of new number of shares in the index (Share Fixing Date):
• Thursday, July 7th, 2022
Date of chaining (based on closing prices):
• Thursday, July 14th, 2022
Effective Date:
• Friday, July 15th, 2022

NMX Rebalancing Announcement July 2022

NMX Composite
Inclusions:
• Centrica (CNA LN Equity)
• ONE Gas (OGS UN Equity)
• MTR (66 HK Equity)
Exclusions:
• ENTERPRISE PRODUCTS PARTNERS (EPD UN Equity)
• ENERGY TRANSFER LP (ET UN Equity)
• CHINA MERRCHANTS PORT HOLDINGS (144 HK Equity)

NMX30 Infrastructure Global
Inclusions:
• EAST JAPAN RAILWAY CO (9020 JT Equity)
• Centrica (CNA LN Equity)
• Airports of Thailand (AOT TB Equity)
Exclusions:
• VANTAGE TOWERS AG (VTWR GY Equity)
• ENTERPRISE PRODUCTS PARTNERS (EPD UN Equity)
• ENERGY TRANSFER LP (ET UN Equity)

NMX30 USD Infrastructure Global
Inclusions:
• Centrica (CNA LN Equity)
• Airports of Thailand (AOT TB Equity)
Exclusions:
• ENERGY TRANSFER LP (ET UN Equity)
• ENTERPRISE PRODUCTS PARTNERS (EPD UN Equity)

NMX Europe
Inclusions:
n/a
Exclusions:
n/a

NMX Asia
Inclusions:
• TTW (TTW TB Equity)
Exclusions
• China Merchants Port Holdings (Red Chip) (144 HK Equity)

NMX America
Inclusions:
• ONE Gas (OGS UN Equity)
• GMexico Transportes S.A .B. de C.V (GMXT* MF Equity)
Exclusions:
• ENTERPRISE PRODUCTS PARTNERS (EPD UN Equity)
• ENERGY TRANSFER LP (ET UN Equity)

Announcement Dates
Announcement of new number of shares in the index (Share Fixing Date):
• Thursday, July 7th, 2022
Date of chaining (based on closing prices):
• Thursday, July 14th, 2022
Effective Date:
• Friday, July 15th, 2022

DLX Rebalancing Announcement July 2022

DLX Direct Lending Index Rebalancing (Chaining) as of July 13, 2022
(based on closing prices)

Index Mutations
Index Inclusions:
• SLR INVESTMENT CORP (SLRC UW Equity)
• CRESCENT CAPITAL BDC INC (CCAP UQ Equity)
• CION INVESTMENT CORP (CION UN Equity)
Index Exclusions:
• GLADSTONE INVESTMENT CORP (GAIN UW Equity)
• TRIPLEPOINT VENTURE GROWTH B (TPVG UN Equity)
• STELLUS CAPITAL INVESTMENT C (SCM UN Equity)

Announcement Dates
Announcement of new number of shares in the index (Share Fixing Date):
• Thursday, July 7th, 2022
Date of chaining (based on closing prices):
• Thursday, July 14th, 2022
Effective Date:
• Friday, July 15th, 2022

LPX AG launches Listed Private Equity Barometer

LPX AG has launched its inaugural Listed Private Equity Barometer, designed to provide detailed data-led insight into the global listed private equity market. Published on a quarterly basis, it presents a snapshot of valuations, performance attribution, allocation, and ESG metrics. The LPX Listed PE Barometer is informed by the LPX Index Series, which serve as standard benchmarks for the private equity asset class.

Click to subscribe to the Listed Private Equity Barometer.

Attachment: Official Press Release

Market Consultation – NMX Index Series

Market Consultation – Changes to the index design and calculation methodology of the NMX Infrastructure Index Series

The NMX Infrastructure Index Series (NMX Indices) were launched in 2007 on the basis of exchange-traded core infrastructure companies. The indices allowed first and foremost for representative benchmarking of the infrastructure asset class using a research-based industry classification scheme. Today, the NMX Indices serve as performance benchmarks for the infrastructure asset class and enable detailed performance measurement, efficient risk management and liquid access to the infrastructure asset class.
This market survey has been initiated by the index administrator with the intention to make a proposal of changes to the index design and calculation methodology of the NMX Infrastructure Indices as outlined in the NMX Guide to the Infrastructure Index Series V2.4.
All proposed changes have the objective to ensure that the NMX Indices are (i) representative (ii) transparent (iii) liquid and (iv) replicable.

I – Treatment of MLP instruments
Def. Master Limited Partnership – A Master Limited Partnership (MLP) is a publicly traded limited partnership with shares (called units) that trade on regulated (major) stock exchanges. An MLP has the liquidity of a publicly traded company as well as an advantageous tax structure that allows MLPs, like all partnerships, to pay no federal taxes at the company level. This tax structure (notably K-1 tax forms) may cause certain investors (i.e. outside the US) to invest in these instruments.

Proposal of Changes – Certain investors are not allowed to invest in MLP’s. The index administrator suggests to exclude these type of instruments from the eligible universe of instruments, which form the basis for the construction of the NMX Infrastructure Indices.

Effective Date of Changes (I)
The index administrator suggests the effective date of the proposed changes to the NMX Infrastructure Index Series for the next ordinary chaining as of July 15, 2022.

II – ESG Criteria
Def. ESG – ESG refers to a companies’ Environmental record, Social engagement and Governance practices. ESG investing is also known as sustainable investing as it incorporates a companies’ values and concerns about the environment into the investment selection criteria. Furthermore, a growing number of companies are adjusting their operational stance to make it more ESG-friendly. ESG measures shall provide insights into the companies’ impact and how they compare against benchmarks and peers. So far, most of the ESG criteria and reporting was rather subjective, with some companies providing ESG reports. Lately, efforts have been made in terms of regulation so as to make ESG reporting more objective, traceable and quantifiable. Many countries have developed their own ESG regulation standards. Among all of them the EU – Taxonomy is the most ambitious in terms of granularity and scope. Its main objective is to help implement the goals of the EU Green Deal. In essence, the EU-Taxonomy serves as a system to classify economic activities with respect to their degree of sustainability and it gives guidance on how to report them. Article 8 & 9 outline which companies are obliged to report their environmentally sustainable economic activities and the specific key performance indicators.

Proposal of Changes – Certain investors are not allowed to invest in instruments with negative ESG ratings (i.e. specific ESG data tbd). The index administrator suggests to exclude instruments with negative ESG ratings from the eligible universe of instruments, which form the basis for the construction of the NMX Infrastructure Indexes.

Effective Date of Changes (II)
The index administrator suggests the effective date of the proposed changes to the NMX Infrastructure Index Series: tbd

This consultation will close on June 15, 2022.
Please contact: indexing@lpx.ch.

LPX Rebalancing Announcement April 2022

1. LPX Composite
Index Inclusions:
• CHRYSALIS INVESTMENTS LTD (CHRY LN)
Index Exclusions:
• n/a

2. LPX Direct US
Index Inclusions:
• n/a
Index Exclusions:
• n/a

3. LPX Europe
Index Inclusions:
• n/a
Index Exclusions:
• n/a

4. LPX America
Index Inclusions:
• ARES MANAGEMENT CORP (US03990B1017)
Index Exclusions:
• FIDUS INVESTMENT CORP (US3165001070)

5. LPX UK
Index Inclusions:
• n/a
Index Exclusions:
• UNBOUND GROUP PLC (GB0003085445)

4. Announcement Dates
Announcement of new number of shares in the index (Share Fixing Date):
• Thursday, April 7th, 2022 (Wednesday April 13th, 2022 for LPXDITU Index)
Date of chaining (based on closing prices):
• Thursday, April 14th, 2022
Effective Date:
• Friday, April 15th, 2022

LPX Rebalancing Announcement January 13, 2022

LPX50 Index

  • Index Inclusions: Chrysalis Investments Ltd. (CHRY LN)
  • Index Exclusions: Brait Plc (BAT SJ)

 

LPX Major Market Index

  • Index Inclusions: n/a
  • Index Exclusions:n/a

 

LPX Direct US Index

  • Index Inclusions: Syncona Ltd (SYNC LN)
  • Index Exclusions: Blackrock TCP (TCPC UW)

 

LPX Buyout

  • Index Inclusions: n/a
  • Index Exclusions: n/a

 

LPX Mezzanine

  • Index Inclusions: Horizon Technology Finance Corp (HRZN UW Equity)
  • Index Exclusions: FS KKR Capital Corp (FSK UN Equity)

 

LPX Venture

  • Index Inclusions: Kinnevik (KINVB SS Equity)
  • Index Exclusions: n/a

 

LPX Indirect

  • Index Inclusions: n/a
  • Index Exclusions: n/a

 

LPX Direct (EUR)

  • Index Inclusions: Kinnevik (KINVB SS Equity); Compass Diversified (CODI UN Equity)
  • Index Exclusions Intermediate Capital (ICP LN Equity); Blackrock TCP (TCPC UW Equity)

 

Announcement Dates

Announcement of new number of shares in the index (Share Fixing Date):

  • Thursday, January 6th, 2022

Date of chaining (based on closing prices):

  • Thursday, January 13th, 2022

Effective Date:

  • Friday, January 14th, 2022

 

DLX Rebalancing Announcement January 13, 2022

DLX Direct Lending Index

  • Index Inclusions:
    • BlackRock Capital Investment Corp (BKCC UW Equity)
    • Fidus Investment Corp (FDUS UW Equity)
    • Stellus Capital Investment Corp (SCM UN Equity)

     

    Index Exclusions:

    • INTERMEDIATE CAPITAL GROUP PLC (ICP LN Equity)
    • SLR INVESTMENT CORP (SLRC UW Equity)
    • SLR SENIOR INVESTMENT CORP (SUNS UW Equity)

 

Announcement Dates

Announcement of new number of shares in the index (Share Fixing Date):

  • Thursday, January 6th, 2022

Date of chaining (based on closing prices):

  • Thursday, January 13th, 2022

Effective Date:

  • Friday, January 14th, 2022

NMX Rebalancing Annoucement January 13, 2022

NMX Composite

Inclusions:

TARGA RESOURCES CORP (TRGP UN Equity)

PENNON GROUP PLC (PNN LN Equity)

MANILA WATER COMPANY (MWC PM Equity)

TTW PLC (TTW TB Equity)

Exclusions:

UGI CORP (UGI UN Equity)

CIA SANEAMENTO MINAS GERAIS (CSMG3 BS Equity)

INVERSIONES AGUAS METROPOL (IAM CC Equity)

SUEZ (SEV FP Equity)

 

NMX Europe

Inclusions:

HAMBURGER HAFEN UND LOGISTIK (HHFA GY Equity)

Exclusions:

SUEZ (SEV FP Equity)

  

NMX Asia

Inclusions:

TOHO GAS CO LTD (9533 JT Equity)

MANILA WATER CO INC (MWC PM Equity)

MTR CORP (66 HK Equity)

CENTRAL JAPAN RAILWAY CO (9022 JT Equity)

Exclusions

TOKYU CORP (9005 JT Equity)

ODAKYU ELECTRIC RAILWAY CO (9007 JT Equity)

JIANGSU EXPRESS CO LTD-H (177 HK Equity)

MALAYSIA AIRPORTS HLDGS BHD (MAHB MK Equity)

 

NMX America

Inclusions:

INTERCONEXION ELECTRICA SA ESP (ISA CX Equity)

SJW GROUP (SJW UN Equity)

Exclusions:

OGE UN Equity (OGE ENERGY CORP)

UGI UN Equity (UGI CORP)

 

NMX30 Infrastructure Global

Inclusions:

CHENIERE ENERGY INC (LNG UA Equity)

Exclusions:

CHINA GAS HOLDINGS LTD (384 HK Equity)

 

NMX30 USD Infrastructure Global

Inclusions:

CHENIERE ENERGY INC (LNG UA Equity)

Exclusions:

CHINA GAS HOLDINGS LTD (384 HK Equity)

 

 

Announcement Dates

Announcement of new number of shares in the index (Share Fixing Date):

  • Thursday, January 6th, 2022

Date of chaining (based on closing prices):

  • Thursday, January 13th, 2022

Effective Date:

  • Friday, January 14th, 2022

LPX Rebalancing Announcement LPX Composite

LPX Composite Rebalancing (Chaining) as of January 13, 2022
(based on closing prices)

Index Mutations

Index Inclusions:
• Syncona Ltd (SYNC LN)

Index Exclusions:
• Electra Private Equity (ELT LN)

Announcement Dates

Announcement of new number of shares in the index (Share Fixing Date):
• Thursday, January 6th, 2022
Date of chaining (based on closing prices):
• Thursday, January 13th, 2022
Effective Date:
• Friday, January 14th, 2022