Index Factsheet

MSCI AC Asia Paciﬁc ex Japan Small Cap Index(JPY)The MSCI AC Asia Paciﬁc ex Japan Small Cap Index captures small cap representation across 4 of 5 Developed Markets countries*(excluding Japan) and 9 Emerging Markets countries* in the Asia Paciﬁc region. With 1,886 constituents, the index covers approximately
14% of the free ﬂoat-adjusted market capitalization in each country.
For a complete description of the index methodology, please see Index methodology - MSCI.

CUMULATIVE INDEX PERFORMANCE — NET RETURNS (JPY)(AUG 2009 – AUG 2024)

ANNUAL PERFORMANCE (%)
MSCI AC Asia MSCI AC
Year Pac ex Japan Asia Paciﬁc
Small Cap
Small CapMSCI AC Asia Pac ex Japan Small Cap
600

611.97MSCI AC Asia Pacific Small Cap
MSCI ACWI Small Cap

400

400.15400.0020050
Aug 09Nov 10Feb 12

May 13

Aug 14

Nov 15

Feb 17

May 18Aug 19Nov 20Feb 22

May 23

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

26.03
-8.04
32.49
19.70
9.52
-20.03
28.00
-2.38
-3.59
14.58
25.84
34.64
-28.31
8.41

MSCI ACWI
Small Cap

24.04
-4.62
22.47
11.05
13.66-19.18
27.43
0.65
4.59
14.15
36.63
27.10
-21.07
7.20

24.84
-6.81
29.49
10.51
23.47
-16.62
19.58
8.20
-0.71
16.11
56.40
32.67
-15.85
10.02

Aug 24INDEX PERFORMANCE — NET RETURNS (%) (AUG 30, 2024)

FUNDAMENTALS (AUG 30, 2024)
ANNUALIZEDMSCI AC Asia Pac ex Japan
Small CapMSCI AC Asia Paciﬁc SmallCap
MSCI ACWI Small Cap

1 Mo

3 Mo

1 Yr

YTD

3 Yr

5 Yr

10 Yr MaySince
31, 1994

-0.82

-2.43

16.49

12.91

11.63

18.23

8.56

-1.45

-1.55

14.97

12.45

11.00

15.38

-2.57-2.48

16.17

12.54

10.78

16.52

Div Yld (%)

P/EP/E Fwd

P/BV

5.96

2.44

22.73

14.81

1.49

8.96

4.32

2.50

19.34

14.14

1.32

10.65

8.93

2.11

23.29

15.99

1.76

INDEX RISK AND RETURN CHARACTERISTICS (AUG 30, 2024)
ANNUALIZED STD DEV (%) 2

MSCI AC Asia Pac ex Japan
Small CapMSCI AC Asia Paciﬁc SmallCap
110 Yr(%)

Period YYYY-MM-DD

0.97

0.55

0.36

75.26

2007-10-31—2008-11-20

1.03

0.66

0.31

67.04

2007-07-24—2008-10-27

0.88

0.65

0.53

68.27

2007-07-13—2009-03-09

5 Yr

10 Yr

3 Yr

5 Yr

24.58

15.29

19.26

17.80

0.79

19.91

11.98

15.05

14.73

0.93

16.35

19.77

18.34

0.70

Last 12 months

2Based on monthly net returns data

3MAXIMUM DRAWDOWN

Since
May 31,1994

3 Yr

12.73

MSCI ACWI Small Cap

SHARPE RATIO 2 , 3Turnover(%) 1

Based on JBA TIBOR 1M from Sep 1 2021 & on ICE LIBOR 1M prior that date

* Developed Markets countries in the index include: Australia, Hong Kong, New Zealand and Singapore. Emerging Markets countries include: China, India, Indonesia, Korea,Malaysia, Pakistan, the Philippines, Taiwan and Thailand.
The MSCI AC Asia Paciﬁc ex Japan Small Cap Index was launched on Jun 01, 2007. 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 AC Asia Paciﬁc ex Japan Small Cap Index (JPY) | msci.com

AUG 30, 2024Index Factsheet

INDEX CHARACTERISTICS
Number ofConstituentsTOP 10 CONSTITUENTSMSCI AC Asia Pac ex Japan Small Cap

Country

1,886

NEXTDCINFRATILJB HI-FI
INTL GAMES SYSTEM CEVOLUTION MINING
DIXON TECHNOLOGIES INDIAALSYANGZIJIANG SHIPBUILD
WORLEYAGL ENERGY
Total

Mkt Cap ( JPY Millions)

Index
LargestSmallest
Average
Median209,835,947.53
1,007,233.00
2,648.58
111,259.78
75,851.88

AU
NZAU
TW
AU
IN
AU
SGAU
AU

Float Adj MktCap( JPY Billions)

1,007.23
936.42859.47849.30831.85752.32749.53718.51713.31
694.47
8,112.40

Index
Wt. (%)

Sector

0.48
0.45
0.41
0.40
0.40
0.36
0.36
0.34
0.34
0.33
3.87

Info Tech
Financials
Cons Discr
Comm Srvcs
Materials
Cons Discr
Industrials
Industrials
Industrials
Utilities

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<-1.50+1.5<MSCI AC Asia Pac ex Japan Small Cap

MSCI AC Asia Pacific Small Cap

MSCI FaCS provides absolute factor exposuresrelative to abroad global index - MSCI ACWI IMI.
Neutral factor exposure (FaCS = 0) represents
MSCI ACWI IMI.

SECTOR WEIGHTS

COUNTRY WEIGHTS

8.85%

8.83%

10.75%

10.77%

7.24%

17.61%

16.11%

4.6%
3.27%

11.73%

2.54%
2.24%
11.9%

17.91%

20.43%

27.85%

17.37%

Industrials 17.91%

Information Technology 17.37%

Consumer Discretionary 11.73%
Real Estate 8.83%
Utilities 2.54%

Financials 10.75%

Consumer Staples 4.6%

Materials 11.9%

India 27.85%

Taiwan 20.43%

Health Care 8.85%

China 7.24%

Other 16.11%

Australia 17.61%

South Korea 10.77%

Communication Services 3.27%

Energy 2.24%

MSCI AC Asia Paciﬁc ex Japan Small Cap Index (JPY) | msci.com

AUG 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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MSCI AC Asia Paciﬁc ex Japan Small Cap Index (JPY) | msci.com