iShares Global Consumer Discretionary ETF (RXI) Stock Price, Quote, News & History | Benzinga

The Fund seeks to track the investment results of the S&P Global 1200 Consumer Discretionary (Sector) Capped Index (the Underlying Index), which is designed to measure the performance of global equities in the consumer discretionary sector. The Underlying Index uses a capping methodology to limit the weight of the securities of any single issuer (as determined by S&P Dow Jones Indices LLC (the Index Provider or SPDJI)) to a maximum of 10 percent of the Underlying Index. Additionally, the capping methodology limits the sum of the weights of the securities of all issuers that individually constitute more than 5 percent of the weight of the Underlying Index to a maximum of 25 percent of the weight of the Underlying Index in the aggregate. In order to implement this capping methodology, the Underlying Index rebalances quarterly to limit as (i) the weight of any single issuer to a maximum of 10 percent, and (ii) the aggregate weight of all issuers that individually exceed 4.50 percent of the Underlying Index weight to maximum of 22.50 percent.