JACI Month-End Estimated Composition

Research evidence excerpt

JACI Month-End Estimated Composition

J P M O R G A N Global Index Research

28 July 2026

JACI Month-End Estimated

Composition

July 2026

Estimated index compositions are provided as of a particular date as a courtesy for Global Index Research

ACgeneral information purposes only and are subject to potentially significant Spardha Nevatia

changes (including inclusions, exclusions or weight changes pursuant to the pre- (91-22) 6157-3674

determined and established index methodology) prior to actual calculation of the spardha.nevatia@jpmchase.com

index composition. Final compositions are published on J.P. Morgan Markets Garima Bhambhani AC

(“JPMM”) on the rebalance date. For more information, please consult JPMM or (91-22) 6126-1742

your J.P. Morgan representative. Full disclosures are available at https:// garima.bhambhani@jpmchase.com

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www.jpmm.com/research/content/GPS-

Vedanta Resources Debt Exchange

Indian conglomerate Vedanta Resources (VEDLN) has completed a tender offer

and debt exchange as part of its refinancing exercise. Following the debt exchange,

the VEDLN index weight is expected to decrease by 16 bps to 0.27% in the JACI,

and by 115 bps to 2.06% in the JACI HY. For additional details, see Index Alert:

Vedanta Resources Debt Exchange.

Fixed-to-Variable Rate Notes to Remain in the Index

Fixed-to-Variable rate instruments will remain part of the Index composition

provided they satisfy all other Index eligibility criteria.These securities will be

removed from the Index if they are bought back (called) by the issuer, which is

consistent with the treatment of other index securities. Risk analytics (including

yield, spread, avg life, etc) for these securities will be calculated with reference to