MSCI USA IMI Value Weighted Index

The MSCI USA IMI Value Weighted Index is based on a traditional market cap weighted parent index, the MSCI USA IMI, which includes US large, mid and small cap stocks. The MSCI USA IMI 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.