Index Factsheet

MSCI World Equal Weighted Index (USD)

The MSCI World Equal Weighted Index represents an alternative weighting scheme to its market cap weighted parent index, the MSCI
World Index. The index includes the same constituents as its parent (large and mid cap securities from 23 Developed Markets countries*).
However, at each quarterly rebalance date, all index constituents are weighted equally, effectively removing the influence of each
constituent’s current price (high or low). Between rebalances, index constituent weightings will fluctuate due to price performance.
For a complete description of the index methodology, please see Index methodology - MSCI.

CUMULATIVE INDEX PERFORMANCE — GROSS RETURNS (USD) ANNUAL PERFORMANCE (%)

(JAN 2009 – JAN 2024) MSCI World
Year MSCI World
Equal Weighted
600
MSCI World Equal Weighted 2023 17.33 24.42
552.97
MSCI World 2022 -16.38 -17.73
2021 15.40 22.35
461.99 2020 10.12 16.50
400
2019 24.51 28.40
2018 -11.80 -8.20
2017 23.92 23.07
2016 9.38 8.15
2015 -1.05 -0.32
200
2014 3.42 5.50
2013 26.53 27.37
2012 16.69 16.54
2011 -9.34 -5.02
50 2010 18.19 12.34
Jan 09 May 10 Jul 11 Oct 12 Jan 14 Apr 15 Jul 16 Oct 17 Jan 19 Apr 20 Jul 21 Oct 22 Jan 24

INDEX PERFORMANCE — GROSS RETURNS (%) (JAN 31, 2024) FUNDAMENTALS (JAN 31, 2024)
ANNUALIZED

1 Mo 3 Mo 1 Yr YTD 3 Yr 5 Yr 10 Yr JunSince Div Yld (%) P/E P/E Fwd P/BV

30, 1994

MSCI World Equal Weighted -0.92 15.90 7.49 -0.92 4.13 7.23 6.84 7.62 2.53 18.42 15.16 1.89

MSCI World 1.22 16.24 17.59 1.22 8.58 11.95 9.72 8.12 1.90 21.22 17.67 3.14

INDEX RISK AND RETURN CHARACTERISTICS (JUN 01, 1994 – JAN 31, 2024)
ANNUALIZED STD DEV (%) 2 SHARPE RATIO 2 , 3 MAXIMUM DRAWDOWN
Since
Tracking Turnover
Beta 3 Yr 5 Yr 10 Yr 3 Yr 5 Yr 10 Yr Jun 01, (%) Period YYYY-MM-DD
Error (%) (%) 1 1994

MSCI World Equal Weighted 1.02 4.71 22.39 17.29 19.02 15.68 0.19 0.36 0.41 0.38 59.66 2007-10-31—2009-03-09

MSCI World 1.00 0.00 2.16 16.96 18.01 14.92 0.44 0.61 0.61 0.42 57.46 2007-10-31—2009-03-09
1 2 3
Last 12 months Based on monthly gross returns data Based on NY FED Overnight SOFR from Sep 1 2021 & on ICE LIBOR 1M prior that date

* Developed Markets countries include: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand,
Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the UK and the US.

The MSCI World Equal Weighted Index was launched on Jan 22, 2008. Data prior to the launch date is back-tested test (i.e. calculations of how the index might have performed
over that time period had the index existed). There are frequently material differences between back-tested performance and actual results. Past performance -- whether actual
or back-tested -- is no indication or guarantee of future performance.

MSCI World Equal Weighted Index (USD) | msci.com

JAN 31, 2024 Index Factsheet

INDEX CHARACTERISTICS TOP 10 CONSTITUENTS

MSCI World MSCI World Country Index Parent Sector
Equal Weighted Wt. (%) Index
Number of 1,480 1,480 Wt. (%)
BROADCOM US 0.14 0.86 Info Tech
Constituents
SUPER MICRO COMPUTER US 0.11 0.04 Info Tech
Weight (%)
KAWASAKI KISEN KAISHA JP 0.10 0.01 Industrials
Largest 0.14 4.73
ZILLOW GROUP C US 0.09 0.01 Real Estate
Smallest 0.00 0.00 BATH & BODY WORKS US 0.09 0.02 Cons Discr
Average 0.07 0.07 ILLUMINA US 0.09 0.04 Health Care
Median 0.07 0.02 CROWDSTRIKE HLDGS A US 0.09 0.11 Info Tech
BURLINGTON STORES US 0.09 0.02 Cons Discr
DOCUSIGN US 0.09 0.02 Info Tech
MITSUI OSK LINES JP 0.09 0.02 Industrials
Total 0.99 1.15

FACTORS - KEY EXPOSURES THAT DRIVE RISK AND RETURN

MSCI FACTOR BOX MSCI FaCS
UNDERWEIGHT NEUTRAL OVERWEIGHT
VALUE
Relatively Inexpensive Stocks

LOW SIZE
Smaller Companies

MOMENTUM
Rising Stocks

QUALITY
Sound Balance Sheet Stocks

YIELD
Cash Flow Paid Out

LOW VOLATILITY
Lower Risk Stocks

MSCI FaCS provides absolute factor exposures

relative to a
<-1.5 0 +1.5< broad global index - MSCI ACWI IMI.
MSCI World Equal Weighted MSCI World
Neutral factor exposure (FaCS = 0) represents
MSCI ACWI IMI.

SECTOR WEIGHTS COUNTRY WEIGHTS

7.16% 4.13%
7.45%
6.32% 26.88%
5.62%
9.41%
5.29% 5.96%

5.12%
10.25% 15.45%
3.65%

17.96%
11.18%

16.22% 41.96%

Industrials 17.96% Financials 16.22% Information Technology 11.18% United States 41.96% Japan 15.45% Canada 5.96% United Kingdom 5.62%

Consumer Discretionary 10.25% Health Care 9.41% Materials 7.45% France 4.13% Other 26.88%

Consumer Staples 7.16% Real Estate 6.32% Communication Services 5.29%

Utilities 5.12% Energy 3.65%

MSCI World Equal Weighted Index (USD) | msci.com

JAN 31, 2024 Index Factsheet

MSCI FACTOR BOX AND FaCS FRAMEWORK (Please refer to complete description of the MSCI FaCS methodology here)
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios. MSCI FaCS consists
of Factor Groups (e.g. Value, Size, Momentum, Quality, Yield, and Volatility) that have been extensively documented in academic
literature and validated by MSCI Research as key drivers of risk and return in equity portfolios. These Factor Groups are constructed
by aggregating 16 factors (e.g. Book-to-Price, Earnings/Dividend Yields, LT Reversal, Leverage, Earnings Variability/Quality, Beta)
from the latest Barra global equity factor risk model, GEMLT, designed to make fund comparisons transparent and intuitive for use.
The MSCI Factor Box, which is powered by MSCI FaCS, provides a visualization designed to easily compare absolute exposures
of funds/indexes and their benchmarks along 6 Factor Groups that have historically demonstrated excess market returns over
the long run.

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decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use
to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com.

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MSCI World Equal Weighted Index (USD) | msci.com