No Changes in S-Network Floating Rate Fund Index Annual Reconstitution
New York, NY, Wednesday, December 19, 2018 — The S-Network Floating Rate Fund IndexSM (TICKER: SNFLX) will have no changes in its annual reconstitution, effective 6:00 PM (EST) Sunday, December 23, 2018, maintaining the number of index components at 26.
The S-Network High Floating Rate IndexSM (TICKER: SNFLX) is an open-end fund index designed to serve as a benchmark for floating rate funds listed in the US that are principally engaged in asset management processes designed to produce taxable annual yield. SNFLX employs a modified market capitalization weighting methodology designed to ensure accurate investment exposure across the various business segments that together comprise the taxable annual yield sector of the floating rate bank loan market.
S-Network Global Indexes, Inc. is a publisher and developer of proprietary and custom indexes. Founded in 1997, S-Network publishes over 200 indexes, which serve as the underlying portfolios for financial products with approximately USD 7 billion in assets under management. S-Network indexes, which are supported by a state-of-the-art technology platform, are known for their transparency and efficiency. More...