MSCI Australia Small Cap Value Weighted Index

The MSCI Australia Small Cap Value Weighted Index is based on the MSCI Australia Small Cap Index, its parent index, which includes small cap stocks in Australia. The MSCI Australia Small Cap 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.