Index Factsheet

MSCI World Index (USD)The MSCI World Index captures large and mid cap representation across 23 Developed Markets (DM) countries*. With 1,517
constituents, the index covers approximately 85% of the free ﬂoat-adjusted market capitalization in each country.

CUMULATIVE INDEX PERFORMANCE — NET RETURNS (USD)(JUL 2007 – JUL 2022)
300

ANNUAL PERFORMANCE (%)

MSCI WorldMSCI Emerging Markets
MSCI ACWI
235.67219.40200127.571000
Jul 07

Oct 08

Jan 10

Apr 11

Jul 12

Oct 13

Jan 15

Apr 16

Jul 17

Oct 18

Jan 20

Apr 21YearMSCI World

2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008

21.82
15.90
27.67
-8.71
22.40
7.51
-0.87
4.94
26.68
15.83
-5.54
11.76
29.99
-40.71MSCIEmerging
Markets

MSCI ACWI

-2.54
18.31
18.42
-14.5737.28
11.19-14.92
-2.19
-2.60
18.22
-18.42
18.88
78.51-53.33

18.54
16.25
26.60
-9.41
23.97
7.86
-2.36
4.16
22.80
16.13
-7.35
12.67
34.63
-42.19Jul 22INDEX PERFORMANCE — NET RETURNS (%) (JUL 29, 2022)

FUNDAMENTALS (JUL 29, 2022)
ANNUALIZED

1 Mo

3 Mo

1 Yr

YTD3 Yr

5 Yr

10 Yr DecSince
29, 2000MSCI World

7.94-1.34-9.16-14.19

9.58

8.81

10.21

MSCI Emerging Markets

-0.25

-6.46

-20.09-17.830.90

0.95

MSCI ACWI

6.98

-1.92

-10.48-14.61

8.52

7.86

Div Yld (%)

P/EP/E Fwd

P/BV

5.78

2.05

18.53

15.67

2.90

2.84

7.74

3.18

12.54

10.92

1.64

9.35

5.72

2.18

17.61

14.97

2.68

INDEX RISK AND RETURN CHARACTERISTICS (JUL 29, 2022)
ANNUALIZED STD DEV (%) 2

SHARPE RATIO 2 , 3

10 Yr

(%)

Period YYYY-MM-DD0.52

0.72

0.34

57.82

2007-10-31—2009-03-09

0.07

0.21

0.39

65.25

2007-10-29—2008-10-27

0.47

0.67

0.33

58.38

2007-10-31—2009-03-09

3 Yr

5 Yr

10 Yr

3 Yr

5 Yr

MSCI World

2.53

18.92

16.79

13.73

0.55

MSCI Emerging Markets

5.79

18.16

16.89

15.73

0.11

18.39

16.42

13.54

0.50

2.86

MSCI ACWI
1

Last 12 months

2

Based on monthly net returns data

3

MAXIMUM DRAWDOWN

Since
Dec 29,2000

Turnover(%) 1

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.
The MSCI World Index was launched on Mar 31, 1986. 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 World Index (USD) | msci.com

JUL 29, 2022

Index Factsheet

INDEX CHARACTERISTICS
MSCI World

Number ofConstituentsTOP 10 CONSTITUENTS
APPLE
MICROSOFT CORPAMAZON.COM
TESLA
ALPHABET A
ALPHABET C
UNITEDHEALTH GROUPJOHNSON & JOHNSONNVIDIAEXXON MOBIL CORP
Total

Mkt Cap ( USD Millions)

Index
LargestSmallest
Average
MedianFloat Adj Mkt
Cap( USD Billions)

1,517

52,988,851.48
2,652,072.36
521.7034,930.03
13,861.12

2,652.07
1,999.44
1,236.03
783.12
699.68662.69510.29458.86454.08410.36
9,866.62

Index
Wt. (%)

Sector

5.00
3.77
2.33
1.48
1.32
1.25
0.96
0.87
0.86
0.77
18.62

Info Tech
Info Tech
Cons Discr
Cons Discr
Comm Srvcs
Comm Srvcs
Health Care
Health Care
Info Tech
Energy

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 WorldMSCI 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

7.54%

7.24%

10.04%

6.04%

4.24%
3.49%

4.94%

3.06%

4.13%

11.3%

13.63%

3.12%
2.91%
13.2%
22.09%
69.53%

13.49%

Information Technology 22.09%

Health Care 13.49%

Consumer Discretionary 11.3%

Industrials 10.04%

Communication Services 7.24%

Energy 4.94%

Financials 13.2%
Consumer Staples 7.54%

Materials 4.13%

United States 69.53%
France 3.06%

Japan 6.04%

United Kingdom 4.24%

Canada 3.49%

Other 13.63%

Utilities 3.12%

Real Estate 2.91%

MSCI World Index (USD) | msci.com

JUL 29, 2022

Index Factsheet

INDEX FRAMEWORKThe index is based on the MSCI Global Investable Indexes (GIMI) Methodology —a comprehensive and consistent approach toindex construction that allows for meaningful global views and cross regional comparisons across all market capitalization size,
sector and style segments and combinations. This methodology aims to provide exhaustive coverage of the relevant investment
opportunity set with a strong emphasis on index liquidity, investability and replicability. The index is reviewed quarterly—in February,
May, August and November—with the objective of reﬂecting change in the underlying equity markets in a timely manner, while
limiting undue index turnover. During the May and November semi-annual index reviews, the index is rebalanced and the large andmid capitalization cutoff points are recalculated.
This summary is provided for illustrative purposes only and does not include all material elements of the index or its methodology. For a complete
description of the index methodology, please see Index methodology - MSCI.

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.

ABOUT MSCIMSCI is a leading provider of critical decision support tools and services for the global investment community. With over 45 years of expertise in research, data and technology, we power better investment
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to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com.
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