MSCI EMU Sovereignty Select 20 Decrement 5% Index

The MSCI EMU Sovereignty Select 20 Index tracks the top 5 stocks by free-float market cap in EMU semiconductors, banks, metals & mining, and aerospace & defense (25% each, 10% cap per stock), built under GICS. This decrement version of the MSCI EMU Sovereignty Select 20 Index applies a fixed 5% annualized reduction to its performance.