Quarterly Rebalance Notice For The BNC Sector Indices October 2022
Following approval from the BNC Index Committee, the BNC Sector Indices will undergo their quarterly rebalance and reconstitution according to the updated constituent assets and weights found below.
The indices affected are:
- BNC Blue-Chip DeFi Index (BBDX)
- BNC Blockchain Interoperability Index (BBIX)
- BNC Maker Vault Index (BMVI)
- BNC NFT Ecosystem Index (BNEX)
- BNC USD Stable Index (BUSX)
Constituent assets and weights were determined on October 26th, using the average free float market capitalization of the preceding 5 days for each eligible asset. Where needed, constituent asset weights were capped based on the weight cap and subject to a minimum turnover requirement of 10 basis points.
This change will be implemented on Wednesday, November 2, 2022 at 08:00 am (UTC) with no anticipated disruption.
Please see the below public release for full details on this announcement.
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