MSCI EAFE ex United Kingdom Value Weighted Index

The MSCI EAFE ex UK Value Weighted Index is based on the MSCI EAFE ex UK Index, its parent index, which includes large and mid cap stocks across Developed Markets in Europe, Australasia, and the Far East, excluding the United Kingdom. The MSCI EAFE ex UK 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.