Index Factsheet

MSCI Emerging Markets ESG Leaders Index (USD)The MSCI Emerging Markets ESG Leaders Index is a free ﬂoat-adjusted market capitalization-weighted index designed to represent theperformance of companies that are selected from the MSCI Emerging Markets Index (“Parent Index”) based on Environmental, Socialand Governance (ESG) criteria. These criteria exclude constituents based on involvement in speciﬁc business activities, as well as ESG
ratings and exposure to ESG controversies. The Indexes are derived from the MSCI Emerging Markets Index and aim to achieve sectorweights that reﬂect the sector weights of the corresponding Parent Index. the MSCI Emerging Markets ESG Leaders Index consists ofLarge and Mid cap companies across 24 Emerging Markets (EM) countries*. The Index construction targets 50% free ﬂoat-adjusted
market capitalization coverage of each Global Industry Classiﬁcation Standard (GICS®) sector by selecting constituents primarily basedon criteria including the ESG rating, the trend in that rating and the company’s industry-adjusted ESG score. The Index is a member ofthe MSCI ESG Leaders Index series.
For a complete description of the index methodology, please see Index methodology - MSCI.

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

ANNUAL PERFORMANCE (%)

MSCI EM ESG Leaders
MSCI Emerging Markets
300
248.30200

184.6910050
Jul 09Oct 10

Jan 12

Apr 13

Jul 14

Oct 15

Jan 17

Apr 18Jul 19Oct 20Jan 22

Apr 23Year

MSCI EM
ESG Leaders

MSCI Emerging
Markets

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

6.16
-22.79
-2.07
20.09
19.74
-14.9840.37
13.39-12.30
4.84
1.26
21.21
-13.0625.53

9.83-20.09
-2.54
18.31
18.42
-14.5737.28
11.19-14.92
-2.19
-2.60
18.22
-18.42
18.88

Jul 24INDEX PERFORMANCE — NET RETURNS (%) (JUL 31, 2024)

FUNDAMENTALS (JUL 31, 2024)
ANNUALIZED

1 Mo

3 Mo

1 Yr

YTD

3 Yr

5 Yr

10 Yr SepSince
28, 2007MSCI EM ESG Leaders

0.18

5.91

5.14

9.09

-4.87

2.75

3.51

MSCI Emerging Markets

0.30

4.84

6.27

7.81

-2.74

3.41

2.63

Div Yld (%)

P/EP/E Fwd

P/BV

4.11

2.54

16.15

12.56

1.84

1.80

2.68

15.90

11.98

1.79

INDEX RISK AND RETURN CHARACTERISTICS (SEP 28, 2007 – JUL 31, 2024)
ANNUALIZED STD DEV (%) 2Beta

MSCI EM ESG Leaders

0.96

3.56

MSCI Emerging Markets

1.00

0.00

1Last 12 months

SHARPE RATIO 2 , 3

MAXIMUM DRAWDOWN

3 Yr

5 Yr

10 Yr

3 Yr

5 Yr

10 Yr

Since
Sep 28,2007(%)

Period YYYY-MM-DD

11.49

18.84

19.44

17.40

-0.35

0.12

0.19

0.24

61.93

2007-10-31—2008-10-27

5.10

17.39

18.58

17.17

-0.26

0.15

0.14

0.13

65.25

2007-10-29—2008-10-27

Tracking TurnoverError (%) (%) 12

Based on monthly net returns data

3

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

The MSCI ESG Leaders Indexes are products of MSCI Inc. that utilize information such as company ratings and research produced and provided by MSCI ESG Research LLC(MSCI ESG Research), a subsidiary of MSCI Inc.
* 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 Emerging Markets ESG Leaders Index was launched on Jun 06, 2013. 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 Emerging Markets ESG Leaders Index (USD) | msci.com

JUL 31, 2024

Index Factsheet

INDEX CHARACTERISTICS
Number ofConstituentsTOP 10 CONSTITUENTSMSCI EM
ESG Leaders

MSCI Emerging
Markets

492

1,328

TAIWAN SEMICONDUCTOR MFG
TENCENT HOLDINGS LI (CN)
ALIBABA GRP HLDG (HK)RELIANCE INDUSTRIESINFOSYSCHINA CONSTRUCTION BK H
MEDIATEK INC
HDFC BANKBHARTI AIRTELNETEASE
Total

Weight (%)

LargestSmallest
Average
Median

17.20
0.00
0.20
0.08

9.28
0.00
0.08
0.03

CountryIndex
Wt. (%)

TW
CN
CN
IN
IN
CNTW
ININ
CN

17.20
7.53
3.79
2.69
1.82
1.65
1.39
1.33
0.99
0.8939.29

ParentIndex
Wt. (%)

Sector

9.28
4.07
2.04
1.45
0.98
0.89
0.75
0.72
0.54
0.48
21.20

Info Tech
Comm Srvcs
Cons DiscrEnergy
Info Tech
Financials
Info Tech
Financials
Comm Srvcs
Comm Srvcs

FACTORS - KEY EXPOSURES THAT DRIVE RISK AND RETURNMSCI FACTOR BOX

MSCI FaCS

UNDERWEIGHTNEUTRAL

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 EM ESG Leaders

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

+1.5<MSCI Emerging Markets

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

SECTOR WEIGHTS

COUNTRY WEIGHTS

6.41%

5.68%

6.14%

5.03%

11.88%

5.09%

17.42%

19.39%

4.63%
14.63%

3.15%
2.51%
1.67%

21%

Information Technology 23.36%

Financials 21%

Consumer Discretionary 11.88%

Industrials 6.41%

Consumer Staples 5.09%

25.59%

26.42%

23.36%

Energy 4.63%

Communication Services 14.63%
Materials 5.68%

Health Care 3.15%

China 26.42%
South Africa 5.03%

Taiwan 25.59%

India 17.42%

South Korea 6.14%

Other 19.39%

Utilities 2.51%

Real Estate 1.67%

MSCI Emerging Markets ESG Leaders Index (USD) | msci.com

JUL 31, 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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