Index Categorization

CBI indices are generally categorized into Market Capitalization Weighted and Non-market Capitalization Weighted Indices.

Most CBI indices are market capitalization weighted and typically circulating-adjusted, where each constituent's weight in the index is proportional to its circulating-adjusted market value. CBI also provides capped market capitalization weighted index where single index constituents or defined groups of index constituents, such as sector or theme groups, are confined to a maximum weight.

Non-market capitalization weighted indices include those not weighted by circulating-adjusted market capitalization and generally are not affected by notional market capitalization changes resulting from corporate events, such as indices that apply equal weighting or other alternative weighting schemes.

Market Capitalization Weighted Indices

• Market capitalization indices - where constituent weights are determined by total or circulating-adjusted market capitalization.

• Capped market capitalization indices - where single index constituents or defined groups of index constituents, such as sector or theme groups, are confined to a maximum index weight.

Non-market Capitalization Weighted Indices

• Equal weighted indices - where each constituent is weighted equally in the index.