Coverage and exclusions

An Indian grape-wine producer, formerly Tinna Trade, listed on BSE under scrip code 541741. Its FY2026 consolidated accounts place almost all revenue in the wine manufacturing and sales segment, which includes its canned wine-based drinks. It meets the inclusion rule and trades daily; it awaits the next scheduled reconstitution.

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Meets the inclusion rule on every test applied so far. Awaiting the next scheduled reconstitution.

One of five listed A-share grape-wine producers. Meets the inclusion rule on every test applied so far; awaiting the next scheduled reconstitution.

Renamed from CITIC Guoan, which is why it is often missed on older lists. Meets the inclusion rule on every test applied so far; awaiting the next scheduled reconstitution.

A listed grape-wine producer with a verified share count. FY2025 revenue was HK$170.0m, down 37% year on year.

A direct-to-consumer wine retailer, which the inclusion rule admits. Meets the rule on every test applied so far; awaiting the next scheduled reconstitution.

Also quoted as 3RW.F.

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Quoted in agorot rather than shekels, and its share count is not published in a form the index can use. Both are needed before admission.

Trades over the counter. Awaiting a share count and a tradability check.

Grape wine is 94.74% of revenue, so the company meets the inclusion rule. It is not indexed on tradability: the free float is 17.70% and average daily turnover is roughly USD 5,000, too thin to carry an index weight.

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Carries the Shanghai exchange's ST prefix, a delisting-risk warning. Not admitted while that flag stands.

Resumed trading in February 2026 after an 18-month suspension and has traded no volume since. A listing with no turnover cannot be priced.

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Listed on the Hong Kong GEM board. Turnover is too thin to carry an index weight.

A distressed micro-cap. Not admitted on tradability.

A Champagne house with 489,000 shares outstanding and a market value near EUR 8m. Too small to carry a meaningful index weight.

A sparkling-wine producer with 36,000 shares outstanding, the smallest listing in the sector and well below any tradability threshold.

A major Chilean producer with 1,034,572,184 shares of a single series, fully subscribed and paid, per its 2025 financial statements filed with Chile's financial regulator. Held on tradability: the Santiago line shows no traded volume in its last 20 sessions.

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An organic and biodynamic Chilean producer with 636,428,572 ordinary shares of a single series, fully subscribed and paid, per its 2025 financial statements filed with Chile's financial regulator. Held on tradability: the Santiago line shows no traded volume in its last 20 sessions.

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In category and genuinely traded, but held on its credit position: the bank facility matures on 30 October 2026 after nine amendments, and Lassonde holds a controlling stake.

Also quoted as 4WS0.F, DWWEF.

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A wine merchant rather than a producer, which the inclusion rule admits. Awaiting a published revenue split.

A wine retailer and distributor, which the inclusion rule admits. Awaiting a published revenue split before admission.

A wine and spirits group. The revenue split needed to test the 50% rule has not been published.

Reports revenue by region only, so the wine share cannot be tested. Its principal brands are spirits and liqueurs.

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Listed on the Hanoi exchange, which the price feed does not reach.

Russia's largest sparkling-wine producer, founded in 1870 and listed in Moscow. It is tracked here but not indexed: the shares cannot be bought or held by investors in most Western jurisdictions, so an index containing them would publish a return nobody could actually earn.

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Makes oak barrels for wineries. Its customer is the winery rather than the wine drinker, so it falls outside the inclusion rule. Tracked instead as part of the COOPER indicator.

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Makes wine closures and barrels through Diam and Seguin Moreau. A supplier to wineries rather than a seller of wine. Tracked as part of the COOPER indicator.

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A glassmaker, with 42% of revenue from wine and sparkling bottles. A supplier to wineries rather than a seller of wine.

Owned brands are principally whisky, rum, vodka and liqueurs. Even counting every agency commission as wine, the ceiling is 12.4% of revenue.

Also quoted as CSW-B.TO.

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Wine is 9.50% of revenue. That is the highest share of any diversified drinks group checked, and still far below the rule.

Produces huangjiu, or Shaoxing rice wine, which is not made from grapes. Grape wine is not mentioned anywhere in the company's 2025 annual report.

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Produces baijiu, a distilled spirit. Grape wine is not mentioned anywhere in the company's 2025 annual report.

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