The Index comprises 25 to 75 stocks from the universe and gathers stocks that (i) are listed on a regulated market of an Eligible Country, (ii) are not financial companies, and (iii) have a free float adjusted market capitalization of at least US$ 3bn. The stock selection process is performed in three steps:
1) Selection of the stocks with a high quality score (greater than 7) according to Piotroski’s 9 quality factors.
2) Selection of the 40% best scoring stocks in respect to balance sheet.
3) Selection of stocks with high dividend yield.