MSCI Global Multi-Asset Select 8% Risk Control Index

Source: MSCI. The chart above covers the period from 05/30/2018 to 10/30/2025. The MSCI Global Multi-Asset Select 8% Risk Control Index (the “Index”) was launched on Aug 04, 2025 (the “Launch Date”).  The chart may contain analysis of historical data, which may include hypothetical, backtested or simulated performance results.  For example, data with respect to the period prior to the Launch Date includes back-tested performance results (i.e. calculations of how the Index might have performed over such time period had the Index existed). There are frequently material differences between backtested or simulated performance results and actual results subsequently achieved by any investment strategy.

The analysis and observations in chart are limited solely to the period of the relevant historical data, backtest or simulation. Past performance — whether actual, backtested or simulated — is no indication or guarantee of future performance. Because this Index applies a volatility control mechanism, the range of both positive and negative performance of the Index is limited.  None of the information or analysis herein is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision or asset allocation and should not be relied on as such.

Information contained herein (the “Information”) is sourced from/copyright of MSCI Inc., or their affiliates (“MSCI”), or information providers (together the “MSCI Parties”). The Information is for internal use only and may not be reproduced or disseminated in whole or part without prior written permission. The Information may not be used for, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product, trading strategy, or index, nor should it be taken as an indication or guarantee of any future performance.  Some funds or products may be based on or linked to MSCI indexes, and MSCI may be compensated based on assets under management or other measures relating to such funds or products. The Information is provided “as is” and the user assumes the entire risk of any use it may make or permit to be made of the Information. No MSCI Party warrants or guarantees the originality, accuracy and/or completeness of the Information and each expressly disclaims all express or implied warranties. No MSCI Party shall have any liability for any errors or omissions in connection with any Information herein, or any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.