MSCI USA Value Index

The MSCI USA Value Index captures large and mid cap US securities exhibiting overall value style characteristics. The value investment style characteristics for index construction are defined using three variables: book value to price, 12-month forward earnings to price and dividend yield.

Index code	105826
Inception date	Dec. 31, 1974
Benchmark administrator	MSCI LIMITED
Div Yld (%)	2.23
P/E	20.44
P/E Fwd	17.07
P/BV	3.11

Number of constituents	463
Index Market Cap	$25.29 T
Largest constituent Market Cap	$752.97 B
Smallest constituent Market Cap	$3.43 B
Average constituent Market Cap	$54.62 B
Median constituent Market Cap	$26.71 B
Does this benchmark pursue ESG objectives?	No

Data as of Jan. 31, 2025

		Annualized std dev (%)²	Sharpe ratio^2,3	Maximum drawdown
MSCI USA Value Index	16.92	16.14	17.47	15.05	0.35	0.62	0.54	59.09	2009-03-05 - 2007-10-09
MSCI ACWI IMI Index	2.39	16.24	17.35	14.99	0.36	0.64	0.55	58.28	2009-03-09 - 2007-10-31

Ticker	Provider	Name	Product type	Index name	Currency
UBU5 GR	UBS	UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis	ETF	MSCI USA Value Index	USD

ESG metrics

Summary

MSCI USA Value Index

Implied Temperature Rise

> 2.0°C - < 3.2°C

99.5% coverage

MSCI ACWI IMI Index

Implied Temperature Rise

> 2.0°C - < 3.2°C

94.8% coverage

MSCI USA Value Index	Score	Coverage
ESG Score	6.6	100.0%
UN Global Compact Violations % (*)	0.0%	100.0%
Red Flag ESG Controversies % (*)	0.0%	100.0%

MSCI ACWI IMI Index	Score	Coverage
ESG Score	6.5	89.4%
UN Global Compact Violations % (*)	0.1%	99.9%
Red Flag ESG Controversies % (*)	0.1%	99.9%

(*) Additional ESG factor not mentioned in the regulation but provided for transparency purposes.

Data available as of Jan. 31, 2025. The information was updated as part of the regular monthly update cycle.

MSCI ESG and climate ratings, research and data are produced by MSCI ESG Research LLC, a subsidiary of MSCI Inc. MSCI ESG Indexes, Analytics, Real Assets, and Private Capital Solutions are products of MSCI Inc. that utilize information from MSCI ESG Research LLC. MSCI Indexes are administered by MSCI Limited and MSCI Deutschland GmbH.

Consolidated environmental rating distribution

MSCI USA Value Index

MSCI ACWI IMI Index

MSCI USA Value Index	Score	Coverage
Environmental Pillar Score	5.9	100.0%
Aggregated Climate VaR %	-19.9%	--
Policy Risk Climate VaR %	-14.3%	100.0%
Technology Opportunities Climate VaR %	1.0%	92.0%
Physical Risk Climate VaR %	-6.7%	99.7%
Fossil Fuel-Based Sector Exposure (NACE) %	8.5%	100.0%
Enterprise Carbon Intensity (t CO2e/$M EVIC)	353.8	99.7%
Reported Emissions %	85.5%	--
Estimated Emissions %	14.3%	--
Wtd Avg Carbon Intensity (t CO2e/$M Sales)	867.6	100.0%
High Climate Impact Sector Exposure %	55.9%	100.0%
Fossil Fuel Reserves % (*)	8.8%	100.0%
Green Revenue	3.1	100.0%
Green Capex %	0.3%	8.6%
Green Bonds % (**)	--	--

MSCI ACWI IMI Index	Score	Coverage
Environmental Pillar Score	5.8	89.4%
Aggregated Climate VaR %	-17.3%	--
Policy Risk Climate VaR %	-11.9%	97.8%
Technology Opportunities Climate VaR %	1.7%	64.1%
Physical Risk Climate VaR %	-7.2%	88.1%
Fossil Fuel-Based Sector Exposure (NACE) %	6.7%	100.0%
Enterprise Carbon Intensity (t CO2e/$M EVIC)	350.7	97.5%
Reported Emissions %	86.9%	--
Estimated Emissions %	12.7%	--
Wtd Avg Carbon Intensity (t CO2e/$M Sales)	815.7	97.6%
High Climate Impact Sector Exposure %	58.3%	100.0%
Fossil Fuel Reserves % (*)	5.0%	98.7%
Green Revenue	7.6	99.9%
Green Capex %	0.4%	4.8%
Green Bonds % (**)	--	--

(*) Additional ESG factor not mentioned in the regulation but provided for transparency purposes.

(**) The universe of self-labelled green bonds is sourced from Refinitiv and Climate Bonds Initiative. Bonds included in the MSCI Fixed Income Indexes that are not identified as selflabelled green bonds based on data from Refinitiv and Climate Bonds Initiative are deemed non-compliant with the green bond criteria as defined by the MSCI ESG Research Green Bond Assessment methodology. Such bonds are counted towards the Coverage %.

Data available as of Jan. 31, 2025. The information was updated as part of the regular monthly update cycle.

MSCI ESG and climate ratings, research and data are produced by MSCI ESG Research LLC, a subsidiary of MSCI Inc. MSCI ESG Indexes, Analytics, Real Assets, and Private Capital Solutions are products of MSCI Inc. that utilize information from MSCI ESG Research LLC. MSCI Indexes are administered by MSCI Limited and MSCI Deutschland GmbH.

MSCI USA Value Index	Score	Coverage
Social Pillar Score	4.8	100.0%
Controversial Weapons %	0.7%	100.0%
Tobacco Involvement - Highly Restrictive %	1.4%	--
Tobacco Involvement - Moderately Restrictive % (*)	1.3%	100.0%
Social Violations (Count)	1.0	100.0%
Social Violations (% of Constituents)	0.2%	100.0%
Lack of Due Diligence Policy (ILO) %	38.2%	100.0%
Gender Pay Gap	13.9	48.8%
Female:Male Board Diversity Ratio	57.8	100.0%
Total Recordable Injury Rate	3.8	94.3%
Bribery and Corruption Controversies (Sum)	29.0	100.0%

MSCI ACWI IMI Index	Score	Coverage
Social Pillar Score	4.9	89.4%
Controversial Weapons %	0.4%	99.9%
Tobacco Involvement - Highly Restrictive %	0.7%	--
Tobacco Involvement - Moderately Restrictive % (*)	0.5%	99.9%
Social Violations (Count)	16.0	99.9%
Social Violations (% of Constituents)	0.1%	99.9%
Lack of Due Diligence Policy (ILO) %	35.7%	99.5%
Gender Pay Gap	12.9	53.7%
Female:Male Board Diversity Ratio	56.2	97.5%
Total Recordable Injury Rate	4.8	73.2%
Bribery and Corruption Controversies (Sum)	195.0	99.9%

MSCI USA Value Index	Score	Coverage
Governance Pillar Score	5.9	100.0%
Board Independence	84.8	100.0%
Board Gender Diversity	35.3	100.0%

MSCI ACWI IMI Index	Score	Coverage
Governance Pillar Score	5.6	89.4%
Board Independence	78.9	97.8%
Board Gender Diversity	34.0	97.8%

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JPMORGAN CHASE & CO	2.84%
BERKSHIRE HATHAWAY B	2.50%
EXXON MOBIL CORP	1.99%
UNITEDHEALTH GROUP	1.94%
PROCTER & GAMBLE CO	1.64%
HOME DEPOT	1.61%
JOHNSON & JOHNSON	1.45%
SALESFORCE	1.33%
ABBVIE	1.31%
BANK OF AMERICA CORP	1.28%

MSCI USA Value Index

Index risk and return characteristics

Top 10 constituents

Sector weights

Country weights

1 index-linked ETP

ESG metrics

Summary

MSCI USA Value Index

MSCI ACWI IMI Index

Consolidated environmental rating distribution

MSCI USA Value Index

MSCI ACWI IMI Index

Consolidated social rating distribution

MSCI USA Value Index

MSCI ACWI IMI Index

Consolidated governance rating distribution

MSCI USA Value Index

MSCI ACWI IMI Index

Want to learn more about MSCI indexes?
Get in touch.

		Annualized std dev (%)²			Sharpe ratio^2,3			Maximum drawdown
	Turnover(%)¹	3 YR	5 YR	10 YR	3 YR	5 YR	10 YR	%	Period YYYY-MM-DD
MSCI USA Value Index	16.92	16.14	17.47	15.05	0.35	0.62	0.54	59.09	2009-03-05 - 2007-10-09
MSCI ACWI IMI Index	2.39	16.24	17.35	14.99	0.36	0.64	0.55	58.28	2009-03-09 - 2007-10-31

MSCI USA Value Index

Index risk and return characteristics

Top 10 constituents

Sector weights

Country weights

1 index-linked ETP

ESG metrics

Summary

MSCI USA Value Index

MSCI ACWI IMI Index

Consolidated environmental rating distribution

MSCI USA Value Index

MSCI ACWI IMI Index

Consolidated social rating distribution

MSCI USA Value Index

MSCI ACWI IMI Index

Consolidated governance rating distribution

MSCI USA Value Index

MSCI ACWI IMI Index

Want to learn more about MSCI indexes?Get in touch.

Want to learn more about MSCI indexes?
Get in touch.