Previous campaigns

SAP SE

Affected campaigns

August 2025

Basket of securities

ESG Global Diversified

Impact

Replacement of SAP SE by Terna – Rete Elettrica Nazionale

In light of recent questions about its compliance with ethical standards for controversial business practices, the title SAP SE (SAP GY) has been replaced with Terna – Rete Elettrica Nazionale (TRN IM) in the ESG Global Diversified basket. Since the security change occurred prior to campaign’s initial date, only the TRM IM return will be considered.

Sanofi

Affected campaigns

June 2017, August 2017, October 2017, December 2017, February 2018, April 2018, June 2018, August 2018, October 2018, April 2021, June 2021, August 2021, October 2021, December 2021, February 2022, April 2022

Basket of securities

Europe, Global Diversified, Global Opportunities

Impact

Spin-off of Euroapi SASU (EAPI FP) by Sanofi (SAN FP)

On May 6, 2022, Sanofi conducted a spin-off of its subsidiary Euroapi SASU a final distribution ratio of 0.043478261 common share of Euroapi SASU per common share of Sanofi held. As a result of this transaction and to preserve as much as possible the nature of the reference basket, the latest was adjusted effective May 6, 2022 as follows: all shares allocated to Sanofi were replaced by the combination of 1 common share of Sanofi plus 0.043478261 common share of Euroapi SASU. Therefore, the combination will be the relevant underlying when determining returns on the basket on each valuation date, beginning May 6, 2022.