MSCI USA Value Extended ESG Focus Index

The MSCI USA Value Extended ESG Focus Index is designed to maximize their exposure to positive environmental, social and governance (ESG) factors while exhibiting risk and return characteristics similar to those of the underlying market capitalization weighted index. The Indexes are constructed by selecting constituents of a market capitalization weighted MSCI USA Value Index (the ‘Parent Index’) through an optimization process that aims to maximize exposure to ESG factors under certain constraints.