How do you imagine it working, this regulation whereby an index designed to track the 500 largest companies is required to exclude some of those just because they happen to be run by a guy you dislike?
Emotions about the executives and founders aside, it may be worthwhile to exclude securities with multiple concentrated voting classes (like Meta) or those with one owner with more than X% of the float (like SpaceX).
I suspect they don’t because such a fund would have missed out on a ton of growth captured by the less “picky” indexes of the last quarter century.