Ordinary Adjustment | Solactive Developed ex US Minimum Downside Volatility | Effective Date 6th November 2025
Solactive Developed ex US Minimum Downside Volatility:
In the ordinary adjustment, the following composition will be implemented effective open 6th November 2025:
| 3I GROUP PLC ORD |
| A2A SPA |
| AAK AB |
| ABB LTD-REG |
| ACCELLERON INDUSTRIES AG |
| ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA |
| ADMIRAL GROUP PLC |
| AEGON LTD |
| AENA SME SA |
| AEON CO LTD ORD |
| AEROPORTS DE PARIS SA |
| AGC INC |
| AGRICULTURAL BANK OF CHINA-H |
| AIR LIQUIDE SA |
| AJINOMOTO CO INC |
| ALIMENTATION COUCHE-TARD INC |
| ALLIANZ SE |
| ALTAGAS LTD |
| ANA HOLDINGS INC |
| ANHEUSER BUSCH INBEV SA NV |
| ANZ GROUP HOLDINGS LTD |
| ARGENX SE |
| ASAHI GROUP HLDGS (ASAHI BREW) ORD |
| ASAHI KASEI CORP |
| ASR NEDERLAND NV |
| ASSICURAZIONI GENERALI SPA |
| ASSOCIATED BRITISH FOODS PLC |
| ASTRAZENECA PLC |
| ASX LTD ORD |
| AUCKLAND INTL AIRPORT LTD |
| AUTO TRADER GROUP PLC |
| AXA SA |
| AXFOOD AB |
| AZRIELI GROUP LTD ORD |
| BAE SYSTEMS PLC |
| BALOISE HOLDING AG |
| BANCA GENERALI SPA |
| BANCA MEDIOLANUM SPA |
| BANK HAPOALIM BM ORD |
| BANK LEUMI LE-ISRAEL ORD |
| BANK OF CHINA LTD-H |
| BANK OF COMMUNICATIONS CO-H |
| BANK OF MONTREAL |
| BANK OF NOVA SCOTIA |
| BANQUE CANTONALE VAUDOISE |
| BCE INC |
| BEIERSDORF AG |
| BEIJING ENTERPRISES HOLDINGS LTD |
| BEZEQ ISRAELI TELECOMMUNICATION CORP LTD |
| BIG SHOPPING CENTERS LTD. |
| BIOMERIEUX |
| BKW AG |
| BOC AVIATION LTD |
| BOC HONG KONG HOLDINGS LTD ORD |
| BOLLORE SE |
| BOSIDENG INTERNATIONAL HOLDINGS LTD |
| BOUYGUES SA |
| BP PLC |
| BRAMBLES LTD |
| BRENNTAG SE |
| BRIDGESTONE CORP ORD |
| BRITISH AMERICAN TOBACCO PLC |
| BUNZL PLC |
| BUREAU VERITAS SA |
| CAIXABANK SA |
| CANADIAN IMPERIAL BANK OF COMMERCE |
| CANADIAN NATIONAL RAILWAY COMPANY |
| CANADIAN TIRE CORP-CLASS A |
| CANON INC |
| CAPITALAND ASCENDAS REIT |
| CAPITALAND INTEGRATED COMMERCIAL TRUST |
| CARLSBERG AS CLASS B |
| CARREFOUR SA |
| CATHAY PACIFIC AIRWAYS LTD ORD |
| CCL INDUSTRIES INC |
| CDN. UTILITIES LTD A |
| CENTRAL JAPAN RAILWAY CO |
| CGI INC – CLASS A |
| CHARTWELL RETIREMENT RESIDENCES |
| CHINA CITIC BANK CORP LTD-H |
| CHINA CONSTRUCTION BANK-H |
| CHINA MERCHANTS PORT HOLDINGS CO LTD |
| CHINA PETROLEUM & CHEMICAL CORP |
| CHINA POWER INTERNATIONAL DEVELOPMENT LTD |
| CHINA SHENHUA ENERGY CO-H |
| CHINA TOWER CORP LTD |
| CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG – Ordinary Share |
| CHUBU ELECTRIC POWER CO INC ORD |
| CIE GENERALE DES ETABLISSEMENTS MICHELIN |
| CK ASSET HOLDINGS LTD |
| CK HUTCHISON HOLDINGS LTD |
| CK INFRASTRUCTURE HOLDINGS LTD |
| CLP HOLDINGS LTD |
| COCA-COLA HBC AG-DI |
| COLES GROUP LTD |
| COLOPLAST AS CLASS B |
| COMMONWEALTH BANK OF AUSTRALIA |
| COMPASS GROUP PLC |
| COMPUTERSHARE LTD ORD |
| CONTACT ENERGY LTD |
| CONVATEC GROUP PLC |
| CREDIT AGRICOLE SA |
| DAITO TRUST CONSTRUCTION CO LTD ORD |
| DAIWA HOUSE INDUSTRY CO LTD ORD |
| DANONE SA |
| DASSAULT AVIATION SA |
| DASSAULT SYSTEMES SA |
| DBS GROUP HOLDINGS LTD |
| DCC PLC |
| DESCARTES SYS |
| DEUTSCHE BOERSE AG |
| DEUTSCHE TELEKOM AG |
| DIAGEO PLC |
| DIASORIN SPA |
| DOLLARAMA INC |
| EAST JAPAN RAILWAY CO |
| EIFFAGE SA |
| ELBIT SYSTEMS LTD |
| ELEMENT FLEET MANAGEMENT CORP |
| ELISA OYJ CLASS A |
| EMERA INC COM |
| EMPIRE CO LTD A |
| EMS CHEMIE HOLDING AG |
| ENBRIDGE INC |
| ENDESA SA |
| ENEL SPA |
| ENGIE SA |
| ENI SPA |
| EON SE |
| ERSTE GROUP BANK AG |
| ESSILORLUXOTTICA |
| ESSITY AB CLASS B |
| EURONEXT NV |
| EVONIK INDUSTRIES AG |
| EXOR NV |
| EXPERIAN PLC |
| FAIRFAX FINANCIAL HOLDINGS LIMITED |
| FDJ UNITED |
| FERRARI NV |
| FERROVIAL SE |
| FIRST INTERNATIONAL BANK ISRAEL ORD5 |
| FIRSTSERVICE CORP |
| FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED |
| FLUGHAFEN ZURICH AG |
| FORTIS INC |
| FRAPORT AG |
| FUJIFILM HOLDINGS CORP ORD |
| GALENICA AG |
| GALP ENERGIA SGPS SA CLASS B |
| GAZTRANSPORT ET TECHNIGA |
| GEA GROUP AKTIENGESELLSCHAFT |
| GENTING SINGAPORE PLC |
| GEORGE WESTON LTD |
| GETLINK |
| GIVAUDAN SA |
| GJENSIDIGE FORSIKRING ASA |
| GREAT WEST LIFECO |
| GROUPE BRUXELLES LAMBERT SA |
| GSK PLC |
| GUANGDONG INVESTMENT |
| HALEON PLC |
| HANG SENG BANK LTD ORD |
| HANKYU HANSHIN HOLDINGS INC |
| HANNOVER RUCK SE |
| HASEKO CORP ORD |
| HEINEKEN HOLDING NV |
| HEINEKEN NV |
| HELVETIA HOLDING AG |
| HIKARI TSUSHIN INC ORD |
| HIKMA PHARMACEUTICALS PLC |
| HOCHTIEF AG |
| HONG KONG & CHINA GAS LTD ORD |
| HONGKONG LAND HOLDINGS LTD ORD |
| HSBC HOLDINGS PLC |
| HULIC CO LTD |
| HYDRO ONE LTD |
| IBERDROLA SA |
| IG GROUP HOLDINGS PLC |
| IGM FINANCIAL INC. |
| IMPERIAL BRANDS PLC |
| IND & COMM BK OF CHINA-H |
| INDUSTRIA DE DISENO TEXTIL SA |
| INFORMA PLC |
| INFRASTRUTTURE WIRELESS ITALIANE SPA |
| INSURANCE AUSTRALIA GROUP LTD ORD |
| INTACT FINANCIAL CORP. |
| INTERCONTINENTAL HOTELS GROUP PLC |
| INTERTEK GROUP PLC |
| INTESA SANPAOLO SPA |
| IPSEN SA |
| ISRAEL DISCOUNT BANK LTD ORD A |
| ITALGAS SPA |
| ITOCHU CORP ORD |
| J SAINSBURY PLC |
| JAPAN AIRLINES CO LTD |
| JAPAN EXCHANGE GROUP INC |
| JAPAN METROPOLITAN FUND INVESTMENT CORP |
| JAPAN REAL ESTATE INVT CORP ORD |
| JAPAN TOBACCO |
| JARDINE MATHESON HOLDINGS LIMITED |
| JDE PEETS BV |
| JERONIMO MARTINS SGPS SA |
| KAO CORP |
| KDDI CORP (DDI) ORD |
| KENEDIX OFFICE INVESTMENT CORP |
| KEPPEL CORP LTD ORD |
| KERRY GROUP PLC-A |
| KESKO OYJ CLASS B |
| KEYERA CORP |
| KINDEN CORP (KINKI ELEC CONS) ORD |
| KIRIN HOLDINGS (BREWERY) CO LTD ORD |
| KLEPIERRE SA |
| KOBE BUSSAN CO LTD |
| KOEI TECMO HOLDINGS CO LTD |
| KONE OYJ CLASS B |
| KONGSBERG GRUPPEN ASA |
| KONINKLIJKE AHOLD DELHAIZE N |
| KONINKLIJKE PHILIPS NV |
| KUEHNE & NAGEL INTERNATIONAL AG |
| KYOCERA CORP ORD |
| KYOWA KIRIN CO LTD |
| LEG IMMOBILIEN SE |
| LEGRAND SA |
| LINK REIT |
| LOBLAW COMPANIES LTD. |
| LOTTERY CORPORATION LTD |
| LOTTOMATICA GROUP |
| LOTUS BAKERIES |
| MAPFRE SA |
| MAPLETREE INDUSTRIAL TRUST |
| MAPLETREE LOGISTICS TRUST |
| MAPLETREE PAN ASIA COMMERCIAL TRUST |
| MATSUKIYOCOCOKARA & CO |
| MCDONALDS HOLDING CO JAPAN ORD |
| MEDIBANK PRIVATE |
| MEIJI HOLDINGS CO LTD |
| MELISRON LTD ORD |
| MERCK KGAA |
| METRO INC -A |
| MITSUBISHI CORP |
| MITSUBISHI HC CAPITAL INC |
| MIZRAHI TEFAHOT BANK LTD ORD |
| MTR CORPORATION LTD |
| MTU AERO ENGINES AG |
| MUNICH REINSURANCE COMPANY |
| NATIONAL BANK OF CANADA |
| NATIONAL GRID PLC |
| NATURGY ENERGY GROUP SA |
| NESTLE SA |
| NEWMED ENERGY LP |
| NEXT PLC |
| NIPPON BUILDING FUND INC. |
| NIPPON EXPRESS HOLDINGS CO |
| NIPPON PROLOGIS REIT INC |
| NIPPON TELEVISION NETWORK CORP ORD |
| NISSIN FOODS HOLDINGS CO LTD |
| NN GROUP NV |
| NOMURA REAL ESTATE HOLDINGS INC ORD |
| NOMURA REAL ESTATE MASTER FUND INC |
| NOVARTIS AG |
| NOVONESIS AS CLASS B |
| NTT INC |
| OBAYASHI CORP ORD |
| OBIC CO LTD ORD |
| OJI PAPER CO LTD |
| OMV AG |
| ONO PHARMACEUTICAL CO LTD ORD |
| OPC ENERGY LTD |
| OPEN HOUSE GROUP CO LTD |
| ORACLE CORP JAPAN ORD |
| ORANGE SA |
| ORIGIN ENERGY LTD |
| ORION OYJ CLASS B |
| ORKLA ASA |
| OSAKA GAS CO LTD |
| OTSUKA CORP ORD |
| OTSUKA HOLDINGS CO LTD ORD |
| OVERSEA-CHINESE BANKING CORP |
| PAN PACIFIC INTERNATIONAL HOLD |
| PARKLAND CORP |
| PCCW LTD ORD |
| PEARSON PLC |
| PEMBINA PIPELINE CORP |
| PERNOD RICARD SA |
| PHOENIX HOLDINGS LTD/THE |
| PICC PROPERTY AND CASUALTY CO LTD |
| POSTAL SAVINGS BANK OF CHINA C |
| POSTE ITALIANE SPA |
| POWER ASSETS HOLDINGS LTD |
| POWER CORP OF CANADA |
| PSP SWISS PROPERTY AG |
| PUBLICIS GROUPE SA |
| QUBE HOLDINGS LTD |
| QUEBECOR INC – CL B |
| RB GLOBAL INC |
| RECKITT BENCKISER GROUP PLC |
| RED ELECTRICA CORP SA |
| RELX PLC |
| REPSOL SA |
| ROYAL BANK OF CANADA |
| ROYAL KPN NV |
| ROYAL VOPAK NV |
| RWE AG |
| SAGE GROUP PLC |
| SAMPO OYJ CLASS A |
| SANOFI SA |
| SAP SE |
| SAPUTO INC |
| SCOUT24 SE |
| SCSK (SUMISHO COMPUTER SYS) ORD |
| SECOM CO LTD ORD |
| SEKISUI CHEMICAL CO LTD ORD |
| SEKISUI HOUSE LTD ORD |
| SEMBCORP INDUSTRIES LTD |
| SEVEN & I HOLDINGS CO LTD ORD |
| SEVERN TRENT PLC |
| SG HOLDINGS CO LTD |
| SGS SA |
| SHELL PLC |
| SHIMAMURA CORP ORD |
| SHIONOGI & CO LTD ORD |
| SIEMENS HEALTHINEERS AG |
| SINGAPORE AIRLINES LTD ORD |
| SINGAPORE EXCHANGE (SGX) LTD ORD |
| SINGAPORE TECH ENGINEERING |
| SINGAPORE TELECOMMUNICATIONS LIMITED |
| SINO LAND CO LTD ORD |
| SMITH & NEPHEW PLC |
| SMITHS GROUP PLC |
| SNAM SPA |
| SOFTBANK CORP |
| SONIC HEALTHCARE (TECH AUST) ORD |
| SONOVA HOLDING AG |
| SONY FINANCIAL GROUP INC |
| SPIE SA |
| SSE PLC |
| STANTEC INC |
| STOREBRAND ASA |
| SUN HUNG KAI PROPERTIES |
| SUN LIFE FINANCIAL INC |
| SUNCORP GROUP LTD |
| SUNTORY BEVERAGE & FOOD LTD |
| SVENSKA HANDELSBANKEN AB CLASS A |
| SWEDBANK AB CLASS A |
| SWIRE PACIFIC LTD ORD A |
| SWIRE PROPERTIES LTD |
| SWISS LIFE HOLDING AG |
| SWISS PRIME SITE AG |
| SWISS RE AG |
| SWISSCOM AG |
| SYMRISE AG |
| TAKEDA PHARMACEUTICAL |
| TALANX AG |
| TC ENERGY CORP |
| TELE2 AB |
| TELEFONICA SA |
| TELENOR ASA |
| TELIA CO AB |
| TELSTRA GROUP LTD |
| TELUS CORPORATION |
| TERNA SPA |
| TESCO PLC |
| THAI BEVERAGE PCL |
| THALES SA |
| THOMSON REUTERS CORP |
| TIS INC |
| TMX GROUP INC COM |
| TOHO CO LTD ORD |
| TOKYO FUDOSAN HOLDINGS CORP |
| TOKYO GAS CO LTD |
| TOKYO METRO CO LTD |
| TOKYU CORP |
| TORAY INDUSTRIES INC ORD |
| TOROMONT INDUSTRIES LTD COM |
| TORONTO-DOMINION BANK |
| TOSOH CORP |
| TOTALENERGIES SE |
| TRYG AS |
| UCB SA |
| UNICHARM CORP ORD |
| UNILEVER PLC |
| UNIPOL GRUPPO SPA |
| UNITED OVERSEAS BANK LTD |
| UNITED UTILITIES PLC |
| UNIVERSAL MUSIC GROUP NV |
| UOL GROUP LTD ORD |
| USS CO (TOKAI) LTD ORD |
| VINCI SA |
| VODAFONE GROUP PLC |
| VONOVIA SE |
| WASTE CONNECTIONS INC |
| WEST JAPAN RAILWAY CO |
| WH GROUP LTD |
| WH SOUL PATTINSON & CO LTD ORD |
| WILMAR INTERNATIONAL LTD |
| WOLTERS KLUWER NV |
| WOOLWORTHS GROUP LTD |
| WSP GLOBAL INC |
| YAMATO HDG. |
| ZURICH INSURANCE GROUP AG |