The AAP Life Settlement Index is calculated using the NAVs of the index components (compare also ‘Index composition’). The index components are equally weighted as per each calculation date. The index is calculated in USD and starts with a value of 100 as per end of December 2006.
AAP Life Settlement Index is calculated once a month. In case for an index component no actual NAV is available, this index component is not enclosed in the index. If during the following month such a NAV becomes available or a NAV is revised, the index will be recalculated using the subsequently published or revised performance information. If an index component halts the NAV calculation such a product will not be enclosed in the index until there is sufficient evidence that the NAV is available regularly again.
If a new fund is enclosed in the index, the historic index values will not be recalculated, using the historic performance data of the new fund. The same is true if a fund is excluded from the index, the historic index values will not be recalculated without this fund.
AAP Life Settlement Index is calculated by Structured Solutions AG and is fed into Reuters and Bloomberg (Bloomberg Code: AAPIDX; Reuters RIC: .AAPIDX; ISIN: DE000SLA0AP1; WKN: SLA0AP). The index rules are available on the homepage of Structured Solutions AG (http://www.structured-solutions.de) as well as on request with AA-Partners Ltd.