ASM shares held by REMX Rare Earth/Strategic Metals ETF., page-24

It looks there may be certain circumstances where stocks can be added to this MXREMX index at the Owner's decision. I assume the Owner referenced in this case would be MVIS and the particular Managers of the REMX index.

5. In case the number of eligible companies is below 20, additional companies are added by the Index
Owner’s decision until the number of stocks equals 20.

I don't know if ASM first was included in the index on this basis but if so it might be that ASM was included between rebalance dates. This might explain it was not listed in the index back in July 2021. Perhaps the ASM price has really kicked along since inclusion in this index with the requirement for Van Eck to buy to match the index weighting. The MVREMX index weighting for ASM has been increasing fairly consistently over past weeks.

For those of us holding ASM long term the value is there with or without Funds holding shares. It may be with restricted availability of stock the increase in both value and turnover from all the current transactions is needed to maintain a position in the ASX300 so perhaps even those shorting have pushed the daily turnover up to meet ASX300 turnover requirements.

The review schedule for MVREMX is as follows so the index rebalance for Q3 should be announced this week.

3.4 Review Schedule
3.4.1 Schedule 1
The reviews for these Indices (as defined in chapter 4) are based on the closing data on the last business
day in February, May, August and November. If a company does not trade on the last business day in
February, May, August or November, the last available price for this company will be used.
A “business day” means any day (other than a Saturday or Sunday) on which commercial banks and
foreign exchange markets settle payments in Frankfurt.
The underlying index data (e.g. new number of shares, new free-float factors, and new weighting cap
factors) is announced on the second Friday in a quarter-end month (i.e. March, June, September and
December). The weighting cap factors are based on closing data of the Wednesday prior to the second
Friday in a quarter-end month (i.e. March, June, September and December).
GDP Factors are announced on the second Friday in June.
Changes will be implemented and based on the closing prices of the third Friday of every quarter-end
month (i.e. March, June, September and December). If the third Friday is not a business day, the review
will take place on the last business day before the third Friday. If a company does not trade on the
third Friday of a quarter-end month, then the last available price for this company will be used. Changes
become effective on the next business day.