The supersymmetric index in a one-fermion matrix model for N=4 SYM is independent of N due to exact cancellations between bosonic and fermionic trace relations.
Fermionic matrix models
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Exact BPS spectra for tr(Ψ^p) matrix models at p=5,7 and small N factor as p^k x^{q_min} (1+x)^N times palindromic polynomial, with mod-p index floors bounding large-N growth between log(2 cos(π/2p)) and log 2.
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Fermionic trace relations and supersymmetric indices at finite $N$
The supersymmetric index in a one-fermion matrix model for N=4 SYM is independent of N due to exact cancellations between bosonic and fermionic trace relations.
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BPS spectra of $\operatorname{tr}[\Psi^p]$ matrix models for odd $p$
Exact BPS spectra for tr(Ψ^p) matrix models at p=5,7 and small N factor as p^k x^{q_min} (1+x)^N times palindromic polynomial, with mod-p index floors bounding large-N growth between log(2 cos(π/2p)) and log 2.