MSCI ACWI ex USA Total Shareholder Yield Index

The MSCI ACWI ex USA Total Shareholder Yield Index is based on the MSCI ACWI ex USA Index, its parent index, and includes large and mid-cap securities across Developed and Emerging Markets, excluding the United States. The index is designed to reflect the performance of companies that generate high total shareholder yield by distributing capital to investors through share buybacks or dividend payments.