Index Factsheet

MSCI ACWI Dividend Tilt Index (USD)The MSCI ACWI Dividend Tilt Index is based on the MSCI ACWI Index, its parent index, and includes large and mid cap securities across
23 Developed Markets (DM) and 24 Emerging Markets (EM) countries*. The index is designed to reﬂect the performance of equities in theparent index (excluding REITs) with high investment capacity. The index is created by including all the dividend-paying constituents in theParent Index and tilting the market capitalization weights of these securities based on their Dividend Yield Score.
For a complete description of the index methodology, please see Index methodology - MSCI.

CUMULATIVE INDEX PERFORMANCE — NET RETURNS (USD)(SEP 2009 – SEP 2024)
400

ANNUAL PERFORMANCE (%)

MSCI ACWI Dividend Tilt

396.27MSCI ACWI

376.35

300

200

100
50
Sep 09Dec 10Mar 12

Jun 13

Sep 14

Dec 15

Mar 17

Jun 18

Sep 19Dec 20Mar 22Jun 23Year

MSCI ACWIDividend Tilt

MSCI ACWI

2023
2022
2021
2020
2019
2018
2017
2016
201520142013
2012
2011
2010

16.97
-11.77
17.81
6.95
26.34
-7.63
22.84
9.52
-3.92
4.07
19.51
12.75
-1.30
10.36

22.20
-18.36
18.54
16.25
26.60
-9.41
23.97
7.86
-2.36
4.16
22.80
16.13
-7.35
12.67

Sep 24INDEX PERFORMANCE — NET RETURNS (%) (SEP 30, 2024)

FUNDAMENTALS (SEP 30, 2024)
ANNUALIZED

1 Mo

3 Mo

1 Yr

YTD

3 Yr

5 Yr

10 Yr DecSince
29, 2000MSCI ACWI Dividend Tilt

2.08

8.11

30.00

18.23

9.75

10.84

8.74

MSCI ACWI

2.32

6.61

31.76

18.66

8.09

12.19

9.39

Div Yld (%)

P/EP/E Fwd

P/BV

7.60

2.79

17.78

15.202.88

6.64

1.85

21.76

17.94

3.18

INDEX RISK AND RETURN CHARACTERISTICS (DEC 29, 2000 – SEP 30, 2024)
ANNUALIZED STD DEV (%) 2Beta

MSCI ACWI Dividend Tilt

0.90

3.06

MSCI ACWI

1.00

0.00

1

Last 12 months

SHARPE RATIO 2 , 3

MAXIMUM DRAWDOWN

3 Yr

5 Yr

10 Yr

3 Yr

5 Yr

10 Yr

Since
Dec 29,
2000

19.72

15.13

16.11

13.77

0.47

0.58

0.56

0.45

52.57

2007-10-31—2009-03-09

2.48

16.57

17.37

14.78

0.35

0.62

0.57

0.37

58.38

2007-10-31—2009-03-09

Tracking TurnoverError (%) (%) 12

Based on monthly net returns data

3(%)

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, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway,Portugal, Singapore, Spain, Sweden, Switzerland, the UK and the US. EM countries include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia,Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.
The MSCI ACWI Dividend Tilt Index was launched on Dec 12, 2014. Data prior to the launch date is back-tested test (i.e. calculations of how the index 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 actualor back-tested -- is no indication or guarantee of future performance.

MSCI ACWI Dividend Tilt Index (USD) | msci.com

SEP 30, 2024

Index Factsheet

INDEX CHARACTERISTICS
Number ofConstituents

MSCI ACWIDividend Tilt

TOP 10 CONSTITUENTSMSCI ACWI

1,4602,687

APPLE
MICROSOFT CORP
NVIDIAEXXON MOBIL CORP
META PLATFORMS A
VERIZON COMMUNICATIONSABBVIEBROADCOMTAIWAN SEMICONDUCTOR MFG
JOHNSON & JOHNSON
Total

Weight (%)

LargestSmallest
Average
Median

3.81
0.00
0.07
0.02

4.34
0.00
0.04
0.01

CountryIndex
Wt. (%)

US
US
USUS
US
US
US
USTW
US

3.81
3.55
3.04
1.49
1.38
1.21
1.20
1.11
1.10
1.08
18.97

ParentIndex
Wt. (%)

4.34
3.88
3.82
0.67
1.60
0.24
0.45
0.98
0.95
0.50
17.43

SectorInfo Tech
Info Tech
Info Tech
EnergyComm Srvcs
Comm Srvcs
Health Care
Info Tech
Info Tech
Health Care

FACTORS - KEY EXPOSURES THAT DRIVE RISK AND RETURNMSCI FACTOR BOX
UNDERWEIGHTMSCI FaCS
NEUTRAL

VALUE
Relatively Inexpensive Stocks

OVERWEIGHTLOW SIZE
Smaller Companies
MOMENTUM
Rising Stocks
QUALITY
Sound Balance Sheet Stocks
YIELD
Cash Flow Paid Out
LOW VOLATILITY
Lower Risk Stocks<-1.50MSCI ACWI Dividend Tilt

MSCI FaCS provides absolute factor exposuresrelative to abroad global index - MSCI ACWI IMI.

+1.5<MSCI ACWI

Neutral factor exposure (FaCS = 0) represents
MSCI ACWI IMI.

SECTOR WEIGHTS

COUNTRY WEIGHTS

11.44%

11.61%

7.63%

3.79%

5.81%

4.27%

5.69%

4.66%

5.41%

5.03%

25.88%

2.81%
12.45%

0.57%
21.33%

15.25%

56.37%

Information Technology 21.33%
Industrials 11.61%
Energy 5.81%

Financials 15.25%

Consumer Staples 11.44%
Materials 5.69%

Health Care 12.45%Consumer Discretionary 7.63%

Communication Services 5.41%

United States 56.37%
France 3.79%

Japan 5.03%

United Kingdom 4.66%

Switzerland 4.27%

Other 25.88%

Utilities 2.81%

Real Estate 0.57%

MSCI ACWI Dividend Tilt Index (USD) | msci.com

SEP 30, 2024

Index Factsheet

MSCI FACTOR BOX AND FaCS FRAMEWORK (Please refer to complete description of the MSCI FaCS methodology here)
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios. MSCI FaCS consistsof Factor Groups (e.g. Value, Size, Momentum, Quality, Yield, and Volatility) that have been extensively documented in academic
literature and validated by MSCI Research as key drivers of risk and return in equity portfolios. These Factor Groups are constructedby aggregating 16 factors (e.g. Book-to-Price, Earnings/Dividend Yields, LT Reversal, Leverage, Earnings Variability/Quality, Beta)from the latest Barra global equity factor risk model, GEMLT, designed to make fund comparisons transparent and intuitive for use.
The MSCI Factor Box, which is powered by MSCI FaCS, provides a visualization designed to easily compare absolute exposuresof funds/indexes and their benchmarks along 6 Factor Groups that have historically demonstrated excess market returns overthe long run.

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