MSCI FactorLabMSCI FactorLab provides further transparency and access to our latest curated Factor research.

As new and improved datasets become available, we constantly enrich factors to provide more timely and granularinsight into the drivers of risk and return. MSCI FactorLab gives access to these new research-enhanced data sets foruse cases ranging from alpha research to building custom risk factors. For over 40 years MSCI, starting with Barra,
has researched factors to determine their effects on equity performance. MSCI continues to innovate to provide
unique information not contained in classic factors.

Use cases

Key features•

Screening and Filtering - Identify securities with specificcharacteristics•Alpha Research - Build better alpha models and maximize
portfolio returns•

Risk and Performance - Build custom factors and use inmodels•• Factor statistics such as t-statistics, information coefficientsand returns are now available

Portfolio Construction and Hedging - Build better portfolios
or hedge out unwanted bets•

Data Management - Improve quality of data and evaluate• Standardized asset-level descriptor and factor data available
across multiple markets:– Global

Distribution channels• Daily financial metrics on up to 77,000 equities•	
Research-quality data curated by MSCI’s research staff•	The same data used to build industry-leading MSCIfactor models•	
Deep daily history back to Jan 1995 for mostfactor descriptors• Accompanied by in-depth research on specific factors•

new data sources more quickly•

Factor Analytics API– Local/Country Standardized: Japan, China, USA•

Barra PortfolioManager– Regional Standardized: EMEA and Asia ex-Japan•

BarraOneCustom factors•

Third-Party Data Delivery Platforms•On cloud via Snowflake– Custom combinations of factor descriptors– More granular style factor analysis for risk andperformance attribution or manager/ strategy evaluation– Custom risk models

MSCI FactorLab
A total of 197+ factor descriptors are currently available in MSCI FactorLab, categorized within the groups shown below. Some
descriptors come in both derived and standardized values. Derived values are calculated from vendor inputs and standardized values
are the z-score versions of the derived value.

VOLATILITYYIELD

MOMENTUMQUALITYSENTIMENTVALUEMACROSIZE

GROWTHLIQUIDI TY

ESG

MSCI FactorLab | msci.com

As we continue to leverage data and technology to accelerate

Benefits

our factor research, we are powering better investment• Faster access to new research and datasets

seamless access to our latest factor data available outside of• MSCI continues to research factors based on new data

decisions at a much faster pace. MSCI FactorLab provides
our factor risk models.

sources to provide more timely and granular insight into
the drivers of risk and return• New and improved datasets become available through
MSCI FactorLab firstMarket data (raw data)• MSCI FactorLab gives clients faster access to new researchdata that can be integrated within existing processes

Curated MSCI data

• MSCI FactorLab can be accessed in the most modern andflexible way via Snowflake

MSCI FactorLabLower data costs with improved data quality• MSCI FactorLab is available in a database-friendly format
in a consistent manner as current MSCI products and

MSCI Factor
modelstherefore can be integrated at a low cost
• MSCI FactorLab data can be used to validate data fromother sources to ensure consistency in a portfolio• Allows clients to receive factor information directly withoutupgrading to a new model• MSCI FactorLab API supports multiple languages including
Python, R, Matlab, and C#• MSCI FactorLab API provides options to download
descriptor exposures, metadata or security identifiers forthe entire universe or selected securities

About MSCIMSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years ofexpertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key
drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions
that clients use to gain insight into and improve transparency across the investment process.
To learn more, please visit www.msci.com.
The information contained herein (the “Information”) may not be reproduced or disseminated in whole or in part without prior written permission from MSCI. The Information may not be used to verify orcorrect other data, to create indexes, risk models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment
vehicles. Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information or MSCI index or other productor service constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy. Further, none of the Information or any MSCI index isintended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. The Information is provided “as is” and theuser of the Information assumes the entire risk of any use it may make or permit to be made of the Information. NONE OF MSCI INC. OR ANY OF ITS SUBSIDIARIES OR ITS OR THEIR DIRECT OR INDIRECTSUPPLIERS OR ANY THIRD PARTY INVOLVED IN THE MAKING OR COMPILING OF THE INFORMATION (EACH, AN “MSCI PARTY”) MAKES ANY WARRANTIES OR REPRESENTATIONS AND, TO THE MAXIMUMEXTENT PERMITTED BY LAW, EACH MSCI PARTY HEREBY EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULARPURPOSE. WITHOUT LIMITING ANY OF THE FOREGOING AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY REGARDING ANYOF THE INFORMATION FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL (INCLUDING LOST PROFITS) OR ANY OTHER DAMAGES EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCHDAMAGES. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.
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