MSCI Kokusai (World ex Japan) Minimum Volatility Index (USD)

The MSCI Kokusai Minimum Volatility (USD) Index aims to reflect the performance characteristics of a minimum variance strategy applied to the large and mid cap equity universe across Developed Markets countries. The index is calculated by optimizing the MSCI Kokusai Index, its parent index, in USD, for the lowest absolute risk (within a given set of constraints). Historically, the index has shown lower beta and volatility characteristics relative to the MSCI Kokusai Index.