Exclusion List

British American Tobacco (BAT)

Philip Morris International

China Energy

China National Tobacco Corporation (CNTC)

Imperial Brands

Larsen & Toubro

China Huaneng

Japan Tobacco (JT)

China Huadian

State Power Investment Corporation (SPIC)

China National Coal Group (ChinaCoal)

Tata Group

China Datang

China Petroleum & Chemical Corporation (Sinopec Corp)

L3 Harris Technologies

Shandong Energy Group

Glencore

General Dynamics

Caesars Entertainment

China Aerospace Science & Technology Corporation (CASC)

Adani Group

Jardine Matheson Group

KEPCO (Korea Electric Power Company)

Northrop Grumman

Poongsan

AES Corp

China National Petroleum Corporation (CNPC)

Siberian Coal Energy Company (SUEK)

Scandinavian Tobacco Group (STG)

Banpu

Berkshire Hathaway

American Electric Power (AEP)

Gazprom

Shaanxi Coal and Chemical Industry Group

China Resources

PTT Group

Jinneng Group

Saudi Arabian Oil Company (Saudi Aramco)

Energy Transfer

China North Industries Group (Norinco)

Turning Point Brands

Duke Energy

SNT Holdings

RTX Corp

Universal Corporation

BAE Systems

ConocoPhillips

Coal India

Genting Group

Sinar Mas Group