MSCI Small Cap Quarterly Comprehensive Index Review May 2026 (Small Cap)

Research evidence excerpt

MSCI Small Cap Quarterly Comprehensive Index Review May 2026 (Small Cap)

J P M O R G A N Global Markets Strategy

12 May 2026

MSCI Small Cap Quarterly

Comprehensive Index Review

May 2026 (Small Cap)

MSCI has announced the results of the May 2026 Quarterly Comprehensive Index Global Quantitative and Derivatives

Review (QCIR). This note highlights all Additions, Deletions and other significant Strategy

changes to the MSCI Small Cap Index, for both Developed and Emerging Markets. Min Moon AC

Below, we provide summary tables for the rebalance trade and the names with (1-212 ) 272-8456

biggest flows (A spreadsheet with the rebalance list is available for clients who min.k.moon@jpmorgan.com

have the research data feed subscription.) These changes will be effective after the J.P. Morgan Securities LLC

close on Friday, May 29, 2026. Our passive estimates are netted across passive Pankaj Gupta, CFA

funds benchmarked to MSCI Small Cap World ex US, Small Cap Europe, Small (44-20) 7134-5483

pankaj.gupta2@jpmorgan.com

Cap APAC, and EM. NOTE: Restricted companies may have been removed from J.P. Morgan Securities plc

the list. Vivek G Shah

(44-20) 7134-4084

MSCI Small Cap DM Highlights: vivek.g.shah@jpmorgan.com

J.P. Morgan Securities plc

Joanne Cheung

There will be 161 Additions and 85 Deletions in MSCI DM Small Cap Index.

(852) 2800-8596

There will be 47 adds/29 dels in Asia Pacific Region, 39 adds/22 dels in EMEA joanne.cy.cheung@jpmorgan.com

Middle East and 75 adds/34 dels in North America. New number of constituents J.P. Morgan Securities (Asia Pacific) Limited/ J.P.

will be 3916 Morgan Broking (Hong Kong) Limited

Priyanka Saraf

The total free float capitalization will change by 0.169% (1-212) 270-1410

Overall 2-way turnover is 9.34% and $18.542 billion (buy+sell).