STANDARD ANNOUNCEMENTS - May 02, 2023 at 10:21 PM GMT
Announcement for May 02, 2023 at 10:21 PM GMT

Global Industry Classification Standard (GICS) Changes*

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

GLOBAL INDUSTRY CLASSIFICATION STANDARD (GICS) CHANGES ON ACCOUNT OF ANNUAL REVIEW OF THE GICS STRUCTURE - LIST OF COMPANIES IMPACTED IN THE MSCI GLOBAL STANDARD INDEXES AT GICS INDUSTRY LEVEL*

MSCI Inc. (MSCI), a leading provider of critical decision support tools and services for the global investment community announced today the list of companies to be impacted as a result of the Global Industry Classification Standard (GICS) structure revisions in June 2023 in the MSCI Global Standard Indexes. Note that the new company classifications are subject to change before implementation due to ongoing reviews, including for corporate events.

Below is the list of GICS Industry changes in the MSCI Global Standard Indexes. The list does not contain companies affected by sub-industry name changes. MSCI will announce additional impacted companies, if any, on May 11, 2023.

The annual GICS methodology review is intended to ensure that the GICS structure continues to appropriately represent the global equity markets and, thereby enabling asset owners, asset managers and investment research specialists to make consistent global comparisons by industry.

In March 2022, MSCI and S&P Dow Jones Indices (S&P DJI) announced changes to the GICS structure that were implemented after the close of business (ET) on Friday, March 17, 2023 in GICS Direct. These changes will be implemented in the MSCI equity indexes in one step as part of the May 2023 Index Review, effective June 01, 2023.

For a detailed document covering the upcoming changes, please visit www.msci.com.

The following Industry changes will take place as of the close of
May 31, 2023.

SUMMARY OF THE CHANGES INCLUDED IN THIS ANNOUNCEMENT.


                         Number of
                         GICS changes

AUSTRALIA                6
BELGIUM                  1
CANADA                   4
CHINA                    33
FRANCE                   6
GERMANY                  5
HONG KONG                12
INDIA                    3
ISRAEL                   1
ITALY                    1
JAPAN                    15
KOREA                    1
KUWAIT                   1
LEBANON                  2
NETHERLANDS              3
PHILIPPINES              2
POLAND                   1
QATAR                    1
SAUDI ARABIA             2
SINGAPORE                7
SOUTH AFRICA             2
SPAIN                    1
SWEDEN                   2
SWITZERLAND              1
TAIWAN                   2
THAILAND                 2
UNITED ARAB EMIRATES     2
UNITED KINGDOM           1
USA                      62
VIETNAM                  4


AUSTRALIA

COMPUTERSHARE
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     20202030 Data Processing & Outsourced Services

DEXUS
CURRENT GICS SUB-INDUSTRY 60101040 Office REITs
NEW GICS SUB-INDUSTRY     60104010 Office REITs

GOODMAN GROUP
CURRENT GICS SUB-INDUSTRY 60101020 Industrial REITs
NEW GICS SUB-INDUSTRY     60102510 Industrial REITs

LENDLEASE GROUP
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

SCENTRE GROUP
CURRENT GICS SUB-INDUSTRY 60101070 Retail REITs
NEW GICS SUB-INDUSTRY     60107010 Retail REITs

VICINITY CENTRES
CURRENT GICS SUB-INDUSTRY 60101070 Retail REITs
NEW GICS SUB-INDUSTRY     60107010 Retail REITs


BELGIUM

WAREHOUSES DE PAUW
CURRENT GICS SUB-INDUSTRY 60101020 Industrial REITs
NEW GICS SUB-INDUSTRY     60102510 Industrial REITs


CANADA

CANADIAN APT PPTYS REIT
CURRENT GICS SUB-INDUSTRY 60101060 Residential REITs
NEW GICS SUB-INDUSTRY     60106010 Multi-Family Residential REITs

FIRSTSERVICE CORP(NEW)
CURRENT GICS SUB-INDUSTRY 60102040 Real Estate Services
NEW GICS SUB-INDUSTRY     60201040 Real Estate Services

NUVEI CORPORATION SV
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

RIOCAN REIT
CURRENT GICS SUB-INDUSTRY 60101070 Retail REITs
NEW GICS SUB-INDUSTRY     60107010 Retail REITs


CHINA

ALIBABA GRP HLDG (HK)
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25503030 Broadline Retail

ALIBABA HEALTH INFO TECH
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     30101010 Drug Retail

C&D INTERNATIONAL INV
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

CHINA JINMAO HLDGS GROUP
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

CHINA MERCH SHEK A(HK-C)
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

CHINA OVERSEAS LAND &INV
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

CHINA OVERSEAS PPTY HLDG
CURRENT GICS SUB-INDUSTRY 60102040 Real Estate Services
NEW GICS SUB-INDUSTRY     60201040 Real Estate Services

CHINA RESOURCES LAND
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

CHINA RESOURCES MIXC
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

CHINA VANKE CO A (HK-C)
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

CHINA VANKE CO H
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

COUNTRY GARDEN HLDGS
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

COUNTRY GARDEN SVCS
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

FUTURE LAND HLD A (HK-C)
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

GEMDALE CORP A (HK-C)
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

GREENTOWN CHINA HLDGS
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

GREENTOWN SERVICE GROUP
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

HANGZHOU BINJIA A (HK-C)
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

JD HEALTH INTERNATIONAL
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     30101010 Drug Retail

JD.COM (HK)
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25503030 Broadline Retail

KE HOLDINGS ADR
CURRENT GICS SUB-INDUSTRY 60102040 Real Estate Services
NEW GICS SUB-INDUSTRY     60201040 Real Estate Services

LONGFOR GROUP HOLDINGS
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

MEITUAN B
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25301040 Restaurants

PDD HOLDINGS A ADR
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25503030 Broadline Retail

PING AN HEALTHCARE & TEC
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     30101010 Drug Retail

POLY DEV & HLDGS A(HK-C)
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

SHANGHAI LINGANG A(HK-C)
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

SHANGHAI LUJIAZUI B(USD)
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

TRAVELSKY TECHNOLOGY H
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     25301020 Hotels, Resorts & Cruise Lines

VIPSHOP HOLDINGS ADR
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25503030 Broadline Retail

YOUNGOR GROUP A (HK-C)
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

YUEXIU PROPERTY CO
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

ZHEJIANG CHINA A (HK-C)
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies


FRANCE

COVIVIO
CURRENT GICS SUB-INDUSTRY 60101040 Office REITs
NEW GICS SUB-INDUSTRY     60104010 Office REITs

EDENRED
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

GECINA
CURRENT GICS SUB-INDUSTRY 60101040 Office REITs
NEW GICS SUB-INDUSTRY     60104010 Office REITs

KLEPIERRE
CURRENT GICS SUB-INDUSTRY 60101070 Retail REITs
NEW GICS SUB-INDUSTRY     60107010 Retail REITs

UNIBAIL-RODAMCO-WE
CURRENT GICS SUB-INDUSTRY 60101070 Retail REITs
NEW GICS SUB-INDUSTRY     60107010 Retail REITs

WORLDLINE
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services


GERMANY

AROUNDTOWN
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

DELIVERY HERO
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25301040 Restaurants

LEG IMMOBILIEN
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

VONOVIA
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

ZALANDO
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25504010 Apparel Retail


HONG KONG

CK ASSET HOLDINGS
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

ESR GROUP
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

HANG LUNG PROPERTIES
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

HENDERSON LAND DEV
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

HONGKONG LAND (USD)
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

LINK REIT
CURRENT GICS SUB-INDUSTRY 60101070 Retail REITs
NEW GICS SUB-INDUSTRY     60107010 Retail REITs

NEW WORLD DEVELOPMENT
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

SINO LAND
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

SUN HUNG KAI PROPERTIES
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

SWIRE PACIFIC A
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

SWIRE PROPERTIES
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

WHARF REAL ESTATE INV
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies


INDIA

DLF
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

GODREJ PROPERTIES
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

ZOMATO
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25301040 Restaurants


ISRAEL

AZRIELI GROUP
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies


ITALY

NEXI
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services


JAPAN

DAITO TRUST CONSTRUCTION
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

DAIWA HOUSE INDUSTRY
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

GLP J REIT
CURRENT GICS SUB-INDUSTRY 60101020 Industrial REITs
NEW GICS SUB-INDUSTRY     60102510 Industrial REITs

GMO PAYMENT GATEWAY
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

HULIC CO (NEW)
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

JAPAN METROPOLITAN FUND
CURRENT GICS SUB-INDUSTRY 60101070 Retail REITs
NEW GICS SUB-INDUSTRY     60107010 Retail REITs

JAPAN REAL ESTATE INV
CURRENT GICS SUB-INDUSTRY 60101040 Office REITs
NEW GICS SUB-INDUSTRY     60104010 Office REITs

MITSUBISHI ESTATE CO
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

MITSUI FUDOSAN CO
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

NIPPON BUILDING FUND
CURRENT GICS SUB-INDUSTRY 60101040 Office REITs
NEW GICS SUB-INDUSTRY     60104010 Office REITs

NIPPON PROLOGIS REIT
CURRENT GICS SUB-INDUSTRY 60101020 Industrial REITs
NEW GICS SUB-INDUSTRY     60102510 Industrial REITs

NOMURA REAL ESTATE HLDG
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

RAKUTEN GROUP
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25503030 Broadline Retail

SUMITOMO REALTY & DEV CO
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

ZOZO
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25504010 Apparel Retail


KOREA

KAKAOPAY CORP
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services


KUWAIT

MABANEE CO SAKC
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies


LEBANON

SOLIDERE A
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

SOLIDERE B
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development


NETHERLANDS

ADYEN NV
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

JUST EAT TAKEAWAY.COM
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25301040 Restaurants

PROSUS N
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25503030 Broadline Retail


PHILIPPINES

AYALA LAND
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

SM PRIME HOLDINGS
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies


POLAND

ALLEGRO.EU
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25503030 Broadline Retail


QATAR

BARWA REAL ESTATE CO
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities


SAUDI ARABIA

DAR AL ARKAN REAL ESTATE
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

EMAAR ECONOMIC CITY
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development


SINGAPORE

CAPITALAND ASCENDAS REIT
CURRENT GICS SUB-INDUSTRY 60101020 Industrial REITs
NEW GICS SUB-INDUSTRY     60102510 Industrial REITs

CAPITALAND INTEGRATED
CURRENT GICS SUB-INDUSTRY 60101070 Retail REITs
NEW GICS SUB-INDUSTRY     60107010 Retail REITs

CAPITALAND INVESTMENT
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

CITY DEVELOPMENTS
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

MAPLETREE LOGISTICS
CURRENT GICS SUB-INDUSTRY 60101020 Industrial REITs
NEW GICS SUB-INDUSTRY     60102510 Industrial REITs

MAPLETREE PAN ASIA COMM
CURRENT GICS SUB-INDUSTRY 60101070 Retail REITs
NEW GICS SUB-INDUSTRY     60107010 Retail REITs

UOL GROUP
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities


SOUTH AFRICA

NASPERS N
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25503030 Broadline Retail

NEPI ROCKCASTLE
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies


SPAIN

AMADEUS IT GROUP A
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     25301020 Hotels, Resorts & Cruise Lines


SWEDEN

FASTIGHETS AB BALDER B
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

SAGAX B
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies


SWITZERLAND

SWISS PRIME SITE
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies


TAIWAN

MOMO.COM
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25503030 Broadline Retail

RUENTEX DEVELOPMENT CO
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development


THAILAND

CENTRAL PATTANA PUB CO
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

LAND & HOUSES
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development


UNITED ARAB EMIRATES

ALDAR PROPERTIES
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

EMAAR PROPERTIES
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development


UNITED KINGDOM

SEGRO
CURRENT GICS SUB-INDUSTRY 60101020 Industrial REITs
NEW GICS SUB-INDUSTRY     60102510 Industrial REITs


USA

ALEXANDRIA REAL ESTATE
CURRENT GICS SUB-INDUSTRY 60101040 Office REITs
NEW GICS SUB-INDUSTRY     60104010 Office REITs

AMAZON.COM
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25503030 Broadline Retail

AMERICAN HOMES 4 RENT A
CURRENT GICS SUB-INDUSTRY 60101060 Residential REITs
NEW GICS SUB-INDUSTRY     60106020 Single-Family Residential REITs

AMERICAN TOWER CORP
CURRENT GICS SUB-INDUSTRY 60101080 Specialized REITs
NEW GICS SUB-INDUSTRY     60108030 Telecom Tower REITs

AUTOMATIC DATA PROCESS
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     20202010 Human Resource & Employment Services

AVALONBAY COMMUNITIES
CURRENT GICS SUB-INDUSTRY 60101060 Residential REITs
NEW GICS SUB-INDUSTRY     60106010 Multi-Family Residential REITs

BLOCK
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

BOSTON PROPERTIES
CURRENT GICS SUB-INDUSTRY 60101040 Office REITs
NEW GICS SUB-INDUSTRY     60104010 Office REITs

BROADRIDGE FINANCIAL
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     20202030 Data Processing & Outsourced Services

CAMDEN PROPERTY TRUST
CURRENT GICS SUB-INDUSTRY 60101060 Residential REITs
NEW GICS SUB-INDUSTRY     60106010 Multi-Family Residential REITs

CBRE GROUP
CURRENT GICS SUB-INDUSTRY 60102040 Real Estate Services
NEW GICS SUB-INDUSTRY     60201040 Real Estate Services

CERIDIAN HCM HOLDING
CURRENT GICS SUB-INDUSTRY 45103010 Application Software
NEW GICS SUB-INDUSTRY     20202010 Human Resource & Employment Services

CHEWY A
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25504040 Other Specialty Retail

CROWN CASTLE
CURRENT GICS SUB-INDUSTRY 60101080 Specialized REITs
NEW GICS SUB-INDUSTRY     60108030 Telecom Tower REITs

DIGITAL REALTY TRUST
CURRENT GICS SUB-INDUSTRY 60101080 Specialized REITs
NEW GICS SUB-INDUSTRY     60108050 Data Center REITs

DOLLAR GENERAL CORP
CURRENT GICS SUB-INDUSTRY 25503020 General Merchandise Stores
NEW GICS SUB-INDUSTRY     30101040 Consumer Staples Merchandise Retail

DOLLAR TREE
CURRENT GICS SUB-INDUSTRY 25503020 General Merchandise Stores
NEW GICS SUB-INDUSTRY     30101040 Consumer Staples Merchandise Retail

DOORDASH A
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25301040 Restaurants

EBAY
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25503030 Broadline Retail

EQUINIX
CURRENT GICS SUB-INDUSTRY 60101080 Specialized REITs
NEW GICS SUB-INDUSTRY     60108050 Data Center REITs

EQUITY LIFESTYLE PPTYS
CURRENT GICS SUB-INDUSTRY 60101060 Residential REITs
NEW GICS SUB-INDUSTRY     60106020 Single-Family Residential REITs

EQUITY RESIDENTIAL
CURRENT GICS SUB-INDUSTRY 60101060 Residential REITs
NEW GICS SUB-INDUSTRY     60106010 Multi-Family Residential REITs

ESSEX PROPERTY TRUST
CURRENT GICS SUB-INDUSTRY 60101060 Residential REITs
NEW GICS SUB-INDUSTRY     60106010 Multi-Family Residential REITs

ETSY
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25503030 Broadline Retail

EXTRA SPACE STORAGE
CURRENT GICS SUB-INDUSTRY 60101080 Specialized REITs
NEW GICS SUB-INDUSTRY     60108020 Self-Storage REITs

FIDELITY NATL INFO SVCS
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

FISERV
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

FLEETCOR TECHNOLOGIES
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

GAMING & LEISURE PPTYS
CURRENT GICS SUB-INDUSTRY 60101080 Specialized REITs
NEW GICS SUB-INDUSTRY     60108010 Other Specialized REITs

GLOBAL PAYMENTS
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

HEALTHCARE REALTY T(NEW)
CURRENT GICS SUB-INDUSTRY 60101050 Health Care REITs
NEW GICS SUB-INDUSTRY     60105010 Health Care REITs

HEALTHPEAK PROPERTIES
CURRENT GICS SUB-INDUSTRY 60101050 Health Care REITs
NEW GICS SUB-INDUSTRY     60105010 Health Care REITs

HENRY (JACK) & ASSOCIATE
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

HOST HOTELS & RESORTS
CURRENT GICS SUB-INDUSTRY 60101030 Hotel & Resort REITs
NEW GICS SUB-INDUSTRY     60103010 Hotel & Resort REITs

INVITATION HOMES
CURRENT GICS SUB-INDUSTRY 60101060 Residential REITs
NEW GICS SUB-INDUSTRY     60106020 Single-Family Residential REITs

IRON MOUNTAIN
CURRENT GICS SUB-INDUSTRY 60101080 Specialized REITs
NEW GICS SUB-INDUSTRY     60108010 Other Specialized REITs

KIMCO REALTY CORP
CURRENT GICS SUB-INDUSTRY 60101070 Retail REITs
NEW GICS SUB-INDUSTRY     60107010 Retail REITs

MASTERCARD A
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

MEDICAL PROPERTIES TRUST
CURRENT GICS SUB-INDUSTRY 60101050 Health Care REITs
NEW GICS SUB-INDUSTRY     60105010 Health Care REITs

MERCADOLIBRE
CURRENT GICS SUB-INDUSTRY 25502020 Internet & Direct Marketing Retail
NEW GICS SUB-INDUSTRY     25503030 Broadline Retail

MID-AMERICA APARTMENT
CURRENT GICS SUB-INDUSTRY 60101060 Residential REITs
NEW GICS SUB-INDUSTRY     60106010 Multi-Family Residential REITs

PAYCHEX
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     20202010 Human Resource & Employment Services

PAYCOM SOFTWARE
CURRENT GICS SUB-INDUSTRY 45103010 Application Software
NEW GICS SUB-INDUSTRY     20202010 Human Resource & Employment Services

PAYLOCITY HOLDING CORP
CURRENT GICS SUB-INDUSTRY 45103010 Application Software
NEW GICS SUB-INDUSTRY     20202010 Human Resource & Employment Services

PAYPAL HOLDINGS
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

PROLOGIS
CURRENT GICS SUB-INDUSTRY 60101020 Industrial REITs
NEW GICS SUB-INDUSTRY     60102510 Industrial REITs

PUBLIC STORAGE
CURRENT GICS SUB-INDUSTRY 60101080 Specialized REITs
NEW GICS SUB-INDUSTRY     60108020 Self-Storage REITs

REALTY INCOME CORP
CURRENT GICS SUB-INDUSTRY 60101070 Retail REITs
NEW GICS SUB-INDUSTRY     60107010 Retail REITs

REGENCY CENTERS CORP
CURRENT GICS SUB-INDUSTRY 60101070 Retail REITs
NEW GICS SUB-INDUSTRY     60107010 Retail REITs

SBA COMMUNICATIONS A
CURRENT GICS SUB-INDUSTRY 60101080 Specialized REITs
NEW GICS SUB-INDUSTRY     60108030 Telecom Tower REITs

SIMON PROPERTY GROUP
CURRENT GICS SUB-INDUSTRY 60101070 Retail REITs
NEW GICS SUB-INDUSTRY     60107010 Retail REITs

SS&C TECHNOLOGIES HLDGS
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     20202030 Data Processing & Outsourced Services

SUN COMMUNITIES
CURRENT GICS SUB-INDUSTRY 60101060 Residential REITs
NEW GICS SUB-INDUSTRY     60106020 Single-Family Residential REITs

TARGET CORP
CURRENT GICS SUB-INDUSTRY 25503020 General Merchandise Stores
NEW GICS SUB-INDUSTRY     30101040 Consumer Staples Merchandise Retail

TOAST A
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

UDR
CURRENT GICS SUB-INDUSTRY 60101060 Residential REITs
NEW GICS SUB-INDUSTRY     60106010 Multi-Family Residential REITs

VENTAS
CURRENT GICS SUB-INDUSTRY 60101050 Health Care REITs
NEW GICS SUB-INDUSTRY     60105010 Health Care REITs

VICI PROPERTIES
CURRENT GICS SUB-INDUSTRY 60101080 Specialized REITs
NEW GICS SUB-INDUSTRY     60108010 Other Specialized REITs

VISA A
CURRENT GICS SUB-INDUSTRY 45102020 Data Processing & Outsourced Services
NEW GICS SUB-INDUSTRY     40201060 Transaction & Payment Processing Services

WELLTOWER INC
CURRENT GICS SUB-INDUSTRY 60101050 Health Care REITs
NEW GICS SUB-INDUSTRY     60105010 Health Care REITs

WEYERHAEUSER CO
CURRENT GICS SUB-INDUSTRY 60101080 Specialized REITs
NEW GICS SUB-INDUSTRY     60108040 Timber REITs

ZILLOW GROUP C
CURRENT GICS SUB-INDUSTRY 60102040 Real Estate Services
NEW GICS SUB-INDUSTRY     60201040 Real Estate Services


VIETNAM

NO VA LAND INV GROUP
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

VINCOM RETAIL JSC
CURRENT GICS SUB-INDUSTRY 60102020 Real Estate Operating Companies
NEW GICS SUB-INDUSTRY     60201020 Real Estate Operating Companies

VINGROUP JSC
CURRENT GICS SUB-INDUSTRY 60102010 Diversified Real Estate Activities
NEW GICS SUB-INDUSTRY     60201010 Diversified Real Estate Activities

VINHOMES JSC
CURRENT GICS SUB-INDUSTRY 60102030 Real Estate Development
NEW GICS SUB-INDUSTRY     60201030 Real Estate Development

*MSCI announces changes
in the Global Industry Classification Standard (GICS) at Industry level. For
every change, the whole Sub-Industry code is provided. Changes at Sub-Industry
level only are not announced.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.