MSCI AC Far East ex Japan Value Weighted Index

The MSCI AC Far East ex Japan Value Weighted Index is based on a traditional market cap weighted parent index, MSCI AC Far East ex Japan which includes large and mid cap stocks across the Far East. The MSCI AC Far East ex Japan 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.