MSCI Gold Miners Select 12 Price Adaptive Basket 5% Decrement Index

This decrement version of the MSCI Gold Miners Select 12 Price Adaptive Basket Index applies a fixed 5% annualized reduction to its performance. It maintains exposure to gold mining companies across the USA and Canada, weighted by free-float market capitalization with a 10% issuer cap, and incorporates a price-adaptive security replacement mechanism.