Index Factsheet

MSCI Europe Small Cap 100% Hedged to USD Index(USD)The MSCI Europe Small Cap 100% Hedged to USD Index represents a close estimation of the performance that can be achieved byhedging the currency exposures of its parent index, the MSCI Europe Small Cap 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 parent index
is composed of small-cap stocks across 15 Developed Markets (DM) countries* and its local performance is calculated in 6 different
currencies, including the Euro.
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 Europe Small Cap 100% Hedged to USD

467.08MSCI Europe Small Cap (Local)
400

MSCI Europe Small Cap (USD)
379.52307.12200

50
Sep 09Dec 10Mar 12

Jun 13

Sep 14

Dec 15

Mar 17

Jun 18

Sep 19Dec 20Mar 22Jun 23

Sep 24MSCI Europe MSCI Europe MSCI Europe
Small CapYear 100%CapSmall CapHedged Small(Local)(USD)
to USD

2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010

14.46
-18.27
21.94
8.42
32.56
-13.38
24.20
7.74
19.69
4.36
35.82
25.98
-18.41
26.97

11.67-20.64
20.97
5.88
29.01
-15.56
22.05
6.02
19.94
4.32
35.79
24.92
-18.6725.04

16.69-27.27
15.09
14.00
29.06
-19.90
35.52
-2.07
10.90
-6.50
39.44
28.97
-20.12
21.47

INDEX PERFORMANCE — NET RETURNS (%) (SEP 30, 2024)
ANNUALIZEDMSCI Europe Small Cap 100%
Hedged to USD
MSCI Europe Small Cap(Local)MSCI Europe Small Cap (USD)

1 Mo

3 Mo

1 Yr

YTD

3 Yr

5 Yr

10 Yr

Since
Dec 29, 2006

0.21

4.09

20.88

10.12

2.30

8.55

9.99

7.66

0.08

3.68

18.46

8.84

-0.03

6.31

8.01

6.20

1.29

8.72

26.79

10.75

-1.19

7.25

6.35

4.96

INDEX RISK AND RETURN CHARACTERISTICS (DEC 29, 2006 – SEP 30, 2024)
ANNUALIZED STD DEV (%) 1MSCI Europe Small Cap 100%
Hedged to USD
MSCI Europe Small Cap(Local)
MSCI Europe Small Cap (USD)
1SHARPE RATIO 1 , 2

MAXIMUM DRAWDOWN

3 Yr

5 Yr

10 Yr3 Yr

5 Yr

10 Yr

Since
Dec 29,
2006

16.98

19.37

15.99

0.01

0.40

0.57

0.42

61.08

2007-06-01—2009-03-09

16.98

19.41

16.05

-0.12

0.30

0.46

0.34

61.94

2007-06-01—2009-03-09

22.56

24.30

19.95

-0.10

0.32

0.32

0.26

68.36

2007-07-19—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 in Europe include: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the UK.
The MSCI Europe Small Cap 100% Hedged to USD Index was launched on Mar 26, 2012. 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 actual or back-tested -- is no indication or guarantee of future performance.

MSCI Europe Small Cap 100% Hedged to USD Index (USD) | msci.com

SEP 30, 2024Index Factsheet

CURRENCY WEIGHTS ( SEP 30, 2024 )11.74%

9.14%

5.08%
32.5%
4.34%
0.02%

37.18%EUR 37.18%

GBP 32.5%

SEK 11.74%

CHF 9.14%

NOK 5.08%

DKK 4.34%

USD 0.02%

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