Index Description

The Broad Dividend Achievers™ Index is comprised of companies incorporated in the United States or its territories, trade on the NYSE or NASDAQ, and have increased their annual regular dividend payments for the last ten or more consecutive years. In addition, Indxis requires that a stock's average daily cash volume exceed $500,000 per day in the November and December prior to the annual reconstitution date on the last trading date in January. The Index is calculated using a modified market capitalization weighting methodology and has been published by the American Stock Exchange under the ticker symbol DAA since December 5, 2003.

Index Methodology

Universe Selection
Select US companies with at least ten consecutive years of increasing regular dividends. US companies must be listed on the NYSE or NASDAQ. US Companies must have a minimum average daily cash volume of US$500,000 per day for the November and December prior to each Annual Reconstitution Date.

General Index Rules
Companies are weighted based on their market capitalization as of the last trading date in December. No constituent may weight more than 5% of the index on the annual reconstitution date or quarterly rebalance date. The index is reconstituted annually on the last trading date in January. The weight of each company will float between reconstitution and rebalance dates thus it is possible for a company to weigh more than 5% between these periods. The index is rebalanced quarterly on the last trading date in April, July and October. The rebalanced weights for April, July and October will be based on the constituents' market capitalization as of the last trading date in March, June, and September, respectively.