MSCI Europe Small Cap Value Weighted Index

The MSCI Europe Small Cap Value Weighted Index is based on a traditional market cap weighted parent index, the MSCI Europe Small Cap Index, which includes small cap stocks across Developed Markets (DM) countries. The MSCI Europe Small Cap Value Weighted Index reweights each security of the parent index to emphasize stocks with lower valuations. Index weights are determined using fundamental accounting data-sales, book value, earnings and cash earnings-rather than market prices.