Index Factsheet

MSCI EAFE Minimum Volatility (USD) 100% Hedged
to USD Index (USD)The MSCI EAFE Minimum Volatility (USD) 100% Hedged to USD Index represents a close estimation of the performance that can beachieved by hedging the currency exposures of its parent index, the MSCI EAFE Minimum Volatility Index, to the USD, the "home" currency
for the hedged index. The index is 100% hedged to the USD by selling each foreign currency forward at the one-month Forward rate.
The index aims to reﬂect the performance characteristics of a minimum variance strategy applied to the large and mid cap equity
universe across Developed Markets countries* around the world excluding the US and Canada. The index is calculated by optimizing theparent index, for the lowest absolute risk (within a given set of constraints). Historically, the index has shown lower beta and volatility
characteristics relative to the MSCI EAFE Minimum Volatility Index.
For a complete description of the index methodology, please see Index methodology - MSCI.

CUMULATIVE INDEX PERFORMANCE — NET RETURNS (USD)(SEP 2009 – SEP 2024)

ANNUAL PERFORMANCE (%)
MSCI EAFE MSCI EAFE MSCI EAFE
Vol (USD)
Year MinMin Vol
Min Vol
100% Hedged (USD)(Local) (USD) (USD)
to USDMSCI EAFE Min Vol (USD) 100% Hedged to USD
MSCI EAFE Min Vol (USD) (Local)

347.21MSCI EAFE Min Vol (USD) (USD)
300

297.16242.11200

10050
Sep 09Dec 10Mar 12

Jun 13

Sep 14

Dec 15

Mar 17

Jun 18

Sep 19Dec 20Mar 22Jun 23

Sep 24

2023
2022
2021
2020
2019
2018
2017
20162015
2014
201320122011
2010

14.10
-6.29
14.50
-4.60
18.62
-1.49
15.26
3.15
12.2714.51
21.69
12.62
-1.29
5.93

10.42
-8.30
13.97
-5.77
16.01
-3.51
13.64
2.30
12.45
14.83
22.02
12.46
-1.34
5.52

11.81
-14.97
7.14
0.12
16.74
-5.69
21.62
-1.81
7.95
4.65
16.67
11.55
-0.74
9.26

INDEX PERFORMANCE — NET RETURNS (%) (SEP 30, 2024)
ANNUALIZEDMSCI EAFE Min Vol (USD)
100% Hedged to USD
MSCI EAFE Min Vol (USD)(Local)MSCI EAFE Min Vol (USD)
(USD)

1 Mo

3 Mo

1 Yr

YTD

3 Yr

5 Yr

10 Yr

Since
Dec 31, 2004

-0.83

5.09

18.36

14.958.41

6.61

8.21

7.88

-1.06

4.23

14.71

12.45

5.62

4.53

6.55

6.76

0.12

11.16

21.30

13.13

3.29

3.79

5.07

6.03

INDEX RISK AND RETURN CHARACTERISTICS (DEC 31, 2004 – SEP 30, 2024)
ANNUALIZED STD DEV (%) 1

MSCI EAFE Min Vol (USD)
100% Hedged to USD
MSCI EAFE Min Vol (USD)(Local)MSCI EAFE Min Vol (USD)(USD)
1SHARPE RATIO 1 , 2

MAXIMUM DRAWDOWN

3 Yr

5 Yr

10 Yr

3 Yr

5 Yr

10 Yr

Since
Dec 31,2004

8.38

9.90

8.90

0.61

0.47

0.74

0.67

42.342007-06-01—2009-03-09

8.33

9.92

8.93

0.29

0.27

0.56

0.55

43.04

2007-06-01—2009-03-09

13.44

13.38

11.39

0.05

0.17

0.34

0.40

46.68

2007-12-11—2009-03-09

Based on monthly net returns data

2(%)

Period YYYY-MM-DD

Based on NY FED Overnight SOFR from Sep 1 2021 & on ICE LIBOR 1M prior that date

* DM countries include: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal,Singapore, Spain, Sweden, Switzerland and the UK.
The MSCI EAFE Minimum Volatility (USD) 100% Hedged to USD Index was launched on Aug 25, 2015. Data prior to the launch date is back-tested test (i.e. calculations of how theindex might have performed over that time period had the index existed). There are frequently material differences between back-tested performance and actual results. Past
performance -- whether actual or back-tested -- is no indication or guarantee of future performance.

MSCI EAFE Minimum Volatility (USD) 100% Hedged to USD Index (USD) | msci.com

SEP 30, 2024

Index FactsheetCURRENCY WEIGHTS ( SEP 30, 2024 )
9.84%
5.32%

13.81%

3.95%
3.43%
1.9%
1.5%
1.29%
0.71%
27.57%

30.69%EUR 30.69%

JPY 27.57%

CHF 13.81%

GBP 9.84%

HKD 5.32%

SGD 3.95%

AUD 3.43%

DKK 1.9%

ILS 1.5%

USD 1.29%

Other 0.71%

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