MSCI ACWI ex USA Universal Index

The MSCI ACWI ex USA Universal 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 countries, excluding the United States. The index is designed to reflect the performance of an investment strategy that, by tilting away from free-float market cap weights, seeks to gain exposure to companies demonstrating both a robust profile and a positive trend in improving that profile.