MSCI EAFE Small Cap Value Weighted Index

The MSCI EAFE Small Cap Value Weighted Index is based on the MSCI EAFE Small Cap Index, its parent index, which includes small cap stocks across Developed Markets in Europe, Australasia, and the Far East. The MSCI EAFE 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.