MSCI USD HY Corporate Bond Select Index

The MSCI USD HY Corporate Bond Select Index is constructed from the MSCI USD HY Corporate Bond Custom Parent Index (the “Parent Index”), and designed to support the performance of a strategy that seeks systematic integration of sustainability factors. The Index is constructed from its Parent Index by incorporating exclusion screens defined in Appendix IV of the index methodology. Securities are selected through an optimization-based approach and aim to: • Reduce the weighted average EVIC based Greenhouse Gas (GHG) Intensity3 by 6% on an annualized basis, relative to itself. • Increase the aggregate weight of Science Based Targets initiative (SBTi) companies relative to the Parent Index by at least 20%. • Achieve an effective duration , yield and credit rating similar to the Parent Index . • Minimize active share compared to the Parent Index and achieve low turnover .