MSCI USA Momentum Top 50 Select Index

The MSCI USA Momentum Top 50 Select Index is based on the MSCI USA Index, its parent index, which captures large and mid-cap stocks of the US market. The index aims to represent the performance of an equity momentum strategy applied on the MSCI USA Index (the “Parent Index”). The Index is constructed by selecting the 50 securities from the Parent Index with the highest Momentum Scores. At each rebalance, each Global Industry Classification Standard (GICS®) sector in the index is capped at 50%, while each issuer is capped at 5%.