MAX Index Rebalance Preview - July 31, 2026

Research evidence excerpt

MAX Index Rebalance Preview - July 31, 2026

nformation and other third party sources. Further, the ability of the

Index Administrator to verify such objectives may be limited by the integrity, quality, and detail of the data available in respect of the underlying

constituents at the relevant point in time and the status and evolution of global laws, guidelines, regulations, and market practice in relation to

the preparation, tracking and provision of such data. Therefore, such disclosures are made on a commercially reasonable efforts basis and are

subject to change. In particular, new laws, guidelines or regulations may be introduced in relation to the methodology used to provide corporate

ESG ratings which could impact the Index Administrator’s ESG index score and the relevant screenings and exclusions and cause them to

change. ESG data may be inconsistent across providers. The Index Administrator’s ESG index score, relevant screenings and exclusions and

related disclosures are also subject to change as a result of periodic reviews conducted by the Index Administrator in relation to the sources of

ESG data. In calculating the index in line with the methodology articulated herein, the Index Administrator relies on the data provided by the

ESG data providers. The Index Administrator does not independently source its own ESG data or exercise any discretion with respect to the

substitution of third party ESG data. The integrity of the ESG data sourced from third parties is limited by the ability of those providers to

source accurate data on the ESG performance of certain corporate structures, such as parent versus subsidiary, including SPVs, holding company

versus operating company and the activities of any affiliated entities and derived structures.