FACTOR & STRATEGY INDICES

STOXX Europe 600 Industry Neutral Ax Multi-Factor

Components ¹

Company	Supersector	Country	Weight (%)
GRP SOCIETE GENERALE	Banks	France	7.57845
IMPERIAL BRANDS	Food, Beverage and Tobacco	UK	4.15219
3I GROUP PLC.	Financial Services	UK	3.99645
HEIDELBERG MATERIALS	Construction and Materials	Germany	3.40392
VOLKSWAGEN PREF	Automobiles and Parts	Germany	3.39379
AHOLD DELHAIZE	Personal Care, Drug and Grocery Stores	Netherlands	3.35256
SANDOZ GROUP	Healthcare	Switzerland	3.15862
FRESENIUS	Healthcare	Germany	2.6988
REPSOL	Energy	Spain	2.48292
ROCHE HLDG P	Healthcare	Switzerland	2.45784
BCO SABADELL	Banks	Spain	2.45515
ARCELORMITTAL	Basic Resources	Luxembourg	2.31609
ACS	Construction and Materials	Spain	2.26504
ORANGE	Telecommunications	France	2.16159
BOUYGUES	Construction and Materials	France	2.00402
NEXT	Retail	UK	1.94293
LOGITECH INTERNATIONAL	Technology	Switzerland	1.87084
ORLEN	Energy	Poland	1.83633
SCHINDLER P	Industrial Goods and Services	Switzerland	1.70842
SAGE GRP	Technology	UK	1.54424
CENTRICA	Utilities	UK	1.52285
A.P.MOLLER-MAERSK B	Industrial Goods and Services	Denmark	1.43314
NOVARTIS	Healthcare	Switzerland	1.41259
GEA GRP	Industrial Goods and Services	Germany	1.31269
ST.JAMES'S PLACE CAPITAL	Financial Services	UK	1.29306
GSK	Healthcare	UK	1.2545
UNIPOL ASSICURAZIONI	Insurance	Italy	1.21145
BABCOCK INTERNATIONAL	Industrial Goods and Services	UK	1.18293
PEARSON	Media	UK	1.14624
ENGIE	Utilities	France	1.07024
SCOUT24	Technology	Germany	1.06113
CONTINENTAL	Automobiles and Parts	Germany	1.0264
BANCO BPM	Banks	Italy	0.99661
AUTO TRADER GROUP	Technology	UK	0.98786
EIFFAGE	Construction and Materials	France	0.9248
YARA	Chemicals	Norway	0.92142
ADMIRAL GRP	Insurance	UK	0.89776
ROLLS ROYCE HLDG	Industrial Goods and Services	UK	0.77797
BANCA MONTE DEI PASCHI	Banks	Italy	0.73951
NN GROUP	Insurance	Netherlands	0.73327
INDRA SISTEMAS	Technology	Spain	0.69733
Redeia Corporacion	Utilities	Spain	0.68329
RYANAIR	Travel and Leisure	Ireland	0.65743
HENKEL PREF	Chemicals	Germany	0.64801
SMITH & NEPHEW	Healthcare	UK	0.61081
IVECO GROUP	Industrial Goods and Services	Italy	0.60943
OMV	Energy	Austria	0.60633
KLEPIERRE	Real Estate	France	0.60206
RHEINMETALL	Industrial Goods and Services	Germany	0.58768
ORION B	Healthcare	Finland	0.5804
LION FINANCE GROUP	Banks	UK	0.55784
EXOR NV	Financial Services	Netherlands	0.5555
BPER Banca	Banks	Italy	0.48516
ISS AS	Industrial Goods and Services	Denmark	0.47879
PLUS500	Financial Services	UK	0.47305
DRAX GRP	Utilities	UK	0.46707
TELE2 B	Telecommunications	Sweden	0.46566
BILFINGER	Construction and Materials	Germany	0.46108
GENMAB	Healthcare	Denmark	0.45171
AURUBIS	Basic Resources	Germany	0.44567
BUZZI	Construction and Materials	Italy	0.42876
AZIMUT HLDG	Financial Services	Italy	0.34808
SWISS PRIME SITE	Real Estate	Switzerland	0.31676
UNICAJA BANCO S.A.	Banks	Spain	0.29585
WISE A	Industrial Goods and Services	UK	0.29531
DASSAULT AVIATION	Industrial Goods and Services	France	0.29187
BMW	Automobiles and Parts	Germany	0.28499
SECURITAS B	Industrial Goods and Services	Sweden	0.27442
TEMENOS	Technology	Switzerland	0.27283
IPSEN	Healthcare	France	0.26069
SERCO GRP	Industrial Goods and Services	UK	0.24
AGEAS	Insurance	Belgium	0.23869
RAIFFEISEN BANK INTERNATIONAL	Banks	Austria	0.23825
BANKINTER	Banks	Spain	0.23321
IG GRP HLDG	Financial Services	UK	0.23254
ENDESA	Utilities	Spain	0.22103
FRESENIUS MEDICAL CARE	Healthcare	Germany	0.21939
BALFOUR BEATTY	Construction and Materials	UK	0.20934
UCB	Healthcare	Belgium	0.20044
SUBSEA7	Energy	Norway	0.2003
ALK-ABELLO B	Healthcare	Denmark	0.18762
SOFTCAT	Technology	UK	0.17755
ACKERMANS & VAN HAAREN	Construction and Materials	Belgium	0.16997
JOHNSON MATTHEY	Chemicals	UK	0.16335
PSP SWISS PROPERTY	Real Estate	Switzerland	0.16306
VOESTALPINE	Basic Resources	Austria	0.15998
LEONARDO	Industrial Goods and Services	Italy	0.15709
CRANSWICK	Food, Beverage and Tobacco	UK	0.1526
BEAZLEY	Insurance	UK	0.14681
FUCHS PREF	Chemicals	Germany	0.13881
HIKMA PHARMACEUTICALS	Healthcare	UK	0.13679
SMITHS GRP	Industrial Goods and Services	UK	0.13442
EMS-CHEMIE HLDG	Chemicals	Switzerland	0.13311
RUBIS	Retail	France	0.12208
LOOMIS	Industrial Goods and Services	Sweden	0.12034
MYCRONIC	Technology	Sweden	0.1198
ORKLA	Food, Beverage and Tobacco	Norway	0.1193
VOPAK	Energy	Netherlands	0.11863
ALLREAL HLDG	Real Estate	Switzerland	0.11491
SODEXO	Travel and Leisure	France	0.1095
TBC BANK GROUP	Banks	UK	0.10812
IAG	Travel and Leisure	UK	0.09782
DKSH HOLDING	Industrial Goods and Services	Switzerland	0.09118
RWE	Utilities	Germany	0.09104
FINANCIERE DE TUBIZE	Healthcare	Belgium	0.08664
BIOMERIEUX	Healthcare	France	0.07945
GALDERMA GROUP N	Healthcare	Switzerland	0.07711
BELIMO HOLDING	Construction and Materials	Switzerland	0.06792
VALLOUREC	Energy	France	0.06733
KBC ANCORA	Banks	Belgium	0.06637
EVONIK INDUSTRIES	Chemicals	Germany	0.06567
LAGERCRANTZ GROUP 'B'	Technology	Sweden	0.06303
GAMES WORKSHOP	Consumer Products and Services	UK	0.06005
PANDORA	Consumer Products and Services	Denmark	0.05581
REPLY	Technology	Italy	0.05494
VAR ENERGI	Energy	Norway	0.0547
FRESNILLO	Basic Resources	UK	0.05468
HOCHTIEF	Construction and Materials	Germany	0.05217
AL SYDBANK	Banks	Denmark	0.0502
ACCELLERON INDUSTRIES	Industrial Goods and Services	Switzerland	0.05004
GALENICA SANTE AG	Personal Care, Drug and Grocery Stores	Switzerland	0.04981
ITALGAS	Utilities	Italy	0.0486
FDJ UNITED	Travel and Leisure	France	0.04839
GAZTRANSPORT ET TECHNIGAZ	Energy	France	0.0478
KEMIRA	Chemicals	Finland	0.04745
VERBUND	Utilities	Austria	0.04731
LOTTOMATICA GROUP	Travel and Leisure	Italy	0.04623
VISCOFAN	Food, Beverage and Tobacco	Spain	0.04504
RIGHTMOVE GRP	Real Estate	UK	0.03839
NEMETSCHEK	Technology	Germany	0.03668
HENSOLDT	Industrial Goods and Services	Germany	0.03631
FLUGHAFEN ZURICH	Industrial Goods and Services	Switzerland	0.0344
RENK	Industrial Goods and Services	Germany	0.03166
CD PROJECT SA	Consumer Products and Services	Poland	0.03123
AUTO1 GROUP	Retail	Germany	0.02914
SECTRA 'B'	Healthcare	Sweden	0.02793

¹Based on the last periodic review implementation