Methodology

To provide the best service for our clients, UP Indices follows the IOSCO and EU (BMRI 2016/1011) index rules.

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Full Names	UP World LNG Shipping Index
Index Types	Price Return: UP World LNG Shipping Index (UPLI) Gross Total Return: UP World LNG Shipping Total Return Index (UPLI TR)
Index Description	UP World LNG Shipping Index is a rules-based stock index family designed to measure the performance of world publicly traded companies involved in maritime transport of liquefied natural gas (LNG).
Eligible Stocks	All component stocks and units are listed and publicly traded companies on respected world stock exchanges (USA, Japan, South Korea, Qatar, Malaysia, Norway etc). List of companies is published on the UP Indices website.
Number of Constituents	Variable, starting with top 18 global companies and partnerships.
Weighting	1. Free float market capitalization weighted 2. LNG shipping weighted to minimize influence of other company´s business 3. Weight reduction: one constituent has max. 20 % of weight
Base Currency	US Dollar. All other currencies will be converted to USD before index calculation.
Review of Composition	The Index is rebalanced quarterly based on closing prices on the last business day prior to the first business day in February, May, August, and November.
Effective Date of the Rebalance	Rebalances are effective starting on the first market open business day in February, May, August and November
Calculation Frequency	Phase 1: Weekly Phase 2: Daily Phase 3: Real-time
Sponsor and Administrator	UP forum s.r.o., Czech Republic, EU