MSCI Europe Small Cap Index

The MSCI Europe Small Cap Index captures small cap representation across the Developed Markets (DM) countries in Europe. The index covers approximately 14% of the free float-adjusted market capitalization in the European equity universe.

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Index code	106233
Index type	Equity
Benchmark administrator	MSCI LIMITED
Div Yld (%)	2.99
P/E	16.95
P/E Fwd	13.28
P/BV	1.70

Number of constituents	831
Index Market Cap	$1.54 T
Largest constituent Market Cap	$9.21 B
Smallest constituent Market Cap	$164.31 M
Average constituent Market Cap	$1.85 B
Median constituent Market Cap	$1.25 B
Does this benchmark pursue ESG objectives?	No

Data as of Oct. 30, 2026

		Annualized std dev (%)²	Sharpe ratio^2,3	Maximum drawdown
MSCI Europe Small Cap Index	13.20	16.59	20.12	20.00	0.85	0.06	0.37	68.36	2007-07-19 - 2009-03-09
MSCI ACWI IMI Index	2.62	12.02	14.99	14.96	1.36	0.44	0.67	58.59	2007-10-31 - 2009-03-09

Ticker	Provider	Name	Product type	Index name	Currency
XXSC GY	DWS	Xtrackers MSCI Europe Small Cap UCITS ETF 1C	ETF	MSCI Europe Small Cap Index	USD
SMC FP	State Street	SPDR MSCI Europe Small Cap UCITS ETF	ETF	MSCI Europe Small Cap Index	EUR
IEUS US	iShares	iShares MSCI Europe Small-Cap ETF	ETF	MSCI Europe Small Cap Index	USD
ESCE NA	BlackRock	iShares MSCI Europe Small Cap UCITS ETF	ETF	MSCI Europe Small Cap Index
SEAP.MI	SSgA	State Street Europe Small Cap Screened Equity Fund - UCITS ETF	ETF	MSCI Europe Small Cap Index

ESG metrics

Summary

MSCI Europe Small Cap Index

Implied Temperature Rise

> 2.0°C - < 3.2°C

95.8% coverage

MSCI ACWI IMI Index

Implied Temperature Rise

> 2.0°C - < 3.2°C

94.3% coverage

MSCI Europe Small Cap Index	Score	Coverage
ESG Score	7.3	98.7%
UN Global Compact Violations % (*)	0.0%	99.9%
Red Flag ESG Controversies % (*)	0.0%	99.9%

MSCI ACWI IMI Index	Score	Coverage
ESG Score	6.7	89.8%
UN Global Compact Violations % (*)	0.1%	100.0%
Red Flag ESG Controversies % (*)	0.1%	100.0%

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

Data available as of Oct. 2026. The information was updated as part of the regular monthly update cycle. Data available as of Oct. 2026. The information was updated as part of the regular monthly update cycle.

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

Consolidated environmental rating distribution

MSCI Europe Small Cap Index

MSCI ACWI IMI Index

MSCI Europe Small Cap Index	Score	Coverage
Environmental Pillar Score	5.7	98.7%
Aggregated Climate VaR %	-22.9%	--
Policy Risk Climate VaR %	-15.9%	97.5%
Technology Opportunities Climate VaR %	3.8%	64.9%
Physical Risk Climate VaR %	-3.6%	97.5%
Fossil Fuel-Based Sector Exposure (NACE) %	9.6%	100.0%
Enterprise Carbon Intensity (t CO2e/$M EVIC)	474.9	98.6%
Reported Emissions %	96.6%	--
Estimated Emissions %	2.9%	--
Wtd Avg Carbon Intensity (t CO2e/$M Sales)	650.9	98.3%
High Climate Impact Sector Exposure %	66.3%	99.9%
Fossil Fuel Reserves % (*)	0.7%	98.9%
Green Revenue	7.7	99.6%
Green Capex %	0.8%	19.3%
Green Bonds % (**)	--	--

MSCI ACWI IMI Index	Score	Coverage
Environmental Pillar Score	5.7	89.8%
Aggregated Climate VaR %	-17.1%	--
Policy Risk Climate VaR %	-13.9%	96.3%
Technology Opportunities Climate VaR %	1.3%	63.8%
Physical Risk Climate VaR %	-4.7%	96.5%
Fossil Fuel-Based Sector Exposure (NACE) %	7.4%	100.0%
Enterprise Carbon Intensity (t CO2e/$M EVIC)	331.4	97.8%
Reported Emissions %	92.5%	--
Estimated Emissions %	7.4%	--
Wtd Avg Carbon Intensity (t CO2e/$M Sales)	1039.8	97.4%
High Climate Impact Sector Exposure %	62.9%	100.0%
Fossil Fuel Reserves % (*)	5.6%	99.1%
Green Revenue	9.3	99.9%
Green Capex %	0.4%	12.9%
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 %.

MSCI Europe Small Cap Index	Score	Coverage
Social Pillar Score	4.9	98.7%
Controversial Weapons %	0.0%	99.9%
Tobacco Involvement - Highly Restrictive %	0.2%	--
Tobacco Involvement - Moderately Restrictive % (*)	0.2%	99.9%
Social Violations (Count)	0.0	99.9%
Social Violations (% of Constituents)	0.0%	99.9%
Lack of Due Diligence Policy (ILO) %	18.1%	97.4%
Gender Pay Gap	13.3	86.2%
Female:Male Board Diversity Ratio	73.8	97.0%
Total Recordable Injury Rate	8.1	68.4%
Bribery and Corruption Controversies (Sum)	2.0	99.9%

MSCI ACWI IMI Index	Score	Coverage
Social Pillar Score	4.9	89.8%
Controversial Weapons %	0.4%	99.9%
Tobacco Involvement - Highly Restrictive %	0.7%	--
Tobacco Involvement - Moderately Restrictive % (*)	0.6%	99.9%
Social Violations (Count)	11.0	100.0%
Social Violations (% of Constituents)	0.1%	100.0%
Lack of Due Diligence Policy (ILO) %	22.7%	97.5%
Gender Pay Gap	14.0	83.8%
Female:Male Board Diversity Ratio	55.8	96.7%
Total Recordable Injury Rate	4.0	69.1%
Bribery and Corruption Controversies (Sum)	103.0	100.0%

MSCI Europe Small Cap Index	Score	Coverage
Governance Pillar Score	7.1	98.7%
Board Independence	79.6	98.7%
Board Gender Diversity	40.6	98.7%

MSCI ACWI IMI Index	Score	Coverage
Governance Pillar Score	5.8	89.8%
Board Independence	79.0	98.6%
Board Gender Diversity	33.8	98.6%

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MSCI Europe Small Cap Index

Score

Coverage

ESG Score

7.3

98.7%

UN Global Compact Violations % (*)

0.0%

99.9%

Red Flag ESG Controversies % (*)

0.0%

99.9%

MSCI ACWI IMI Index

Score

Coverage

ESG Score

6.7

89.8%

UN Global Compact Violations % (*)

0.1%

100.0%

Red Flag ESG Controversies % (*)

0.1%

100.0%

MSCI Europe Small Cap Index

Score

Coverage

Environmental Pillar Score

5.7

98.7%

Aggregated Climate VaR %

-22.9%

Policy Risk Climate VaR %

-15.9%

97.5%

Technology Opportunities Climate VaR %

3.8%

64.9%

Physical Risk Climate VaR %

-3.6%

97.5%

Fossil Fuel-Based Sector Exposure (NACE) %

9.6%

100.0%

Enterprise Carbon Intensity (t CO2e/$M EVIC)

474.9

98.6%

Reported Emissions %

96.6%

Estimated Emissions %

2.9%

Wtd Avg Carbon Intensity (t CO2e/$M Sales)

650.9

98.3%

High Climate Impact Sector Exposure %

66.3%

99.9%

Fossil Fuel Reserves % (*)

0.7%

98.9%

Green Revenue

7.7

99.6%

Green Capex %

0.8%

19.3%

Green Bonds % (**)

MSCI ACWI IMI Index

Score

Coverage

Environmental Pillar Score

5.7

89.8%

Aggregated Climate VaR %

-17.1%

Policy Risk Climate VaR %

-13.9%

96.3%

Technology Opportunities Climate VaR %

1.3%

63.8%

Physical Risk Climate VaR %

-4.7%

96.5%

Fossil Fuel-Based Sector Exposure (NACE) %

7.4%

100.0%

Enterprise Carbon Intensity (t CO2e/$M EVIC)

331.4

97.8%

Reported Emissions %

92.5%

Estimated Emissions %

7.4%

Wtd Avg Carbon Intensity (t CO2e/$M Sales)

1039.8

97.4%

High Climate Impact Sector Exposure %

62.9%

100.0%

Fossil Fuel Reserves % (*)

5.6%

99.1%

Green Revenue

9.3

99.9%

Green Capex %

0.4%

12.9%

Green Bonds % (**)

IMI	0.60%
WEIR	0.58%
PSP SWISS PROPERTY	0.55%
STOREBRAND	0.54%
FRONTLINE	0.53%
HISCOX	0.52%
SUBSEA 7	0.51%
GAZTRANSPORT ET TECHNIGA	0.50%
SPIE	0.48%
ACCELLERON	0.48%

		Annualized std dev (%)²			Sharpe ratio^2,3			Maximum drawdown
Index	Turnover(%)¹	3 YR	5 YR	10 YR	3 YR	5 YR	10 YR	%	Period YYYY-MM-DD
MSCI Europe Small Cap Index	13.20	16.59	20.12	20.00	0.85	0.06	0.37	68.36	2007-07-19 - 2009-03-09
MSCI ACWI IMI Index	2.62	12.02	14.99	14.96	1.36	0.44	0.67	58.59	2007-10-31 - 2009-03-09

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MSCI Europe Small Cap Index

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5 index-linked ETPs

ESG metrics

Summary

MSCI Europe Small Cap Index

MSCI ACWI IMI Index

Consolidated environmental rating distribution

MSCI Europe Small Cap Index

MSCI ACWI IMI Index

Consolidated social rating distribution

MSCI Europe Small Cap Index

MSCI ACWI IMI Index

Consolidated governance rating distribution

MSCI Europe Small Cap Index

MSCI ACWI IMI Index

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ESG metrics

Summary

MSCI Europe Small Cap Index

MSCI ACWI IMI Index

Consolidated environmental rating distribution

MSCI Europe Small Cap Index

MSCI ACWI IMI Index

Consolidated social rating distribution

MSCI Europe Small Cap Index

MSCI ACWI IMI Index

Consolidated governance rating distribution

MSCI Europe Small Cap Index

MSCI ACWI IMI Index

Index risk and return characteristics

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Get in touch.