MSCI Europe Value Weighted Index

The MSCI Europe Value Weighted Index is based on a traditional market cap weighted parent index, the MSCI Europe Index, which includes large and mid cap stocks across European Developed Markets countries. The MSCI Europe 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.