MSCI Real Assets Index Module
A comprehensive suite of equity indexes reflecting a broad, diversified set of real asset categories

The MSCI Real Assets Index Module includes more than 250 equity indexes which are used by institutional investors forindex-based investment products, risk and return analysis, asset allocation and policy benchmarks.

The MSCI Real Assets Index Module provides institutional

This cohesive and diversified suite of indexes provides

investors with a single, comprehensive set of listed equity

institutional investors with the transparency and insightindexes across 5 categories of real assets. The categories

to capitalize on their real assets allocations and to meetinclude: commodities, agriculture, timber, infrastructure

the special challenges associated with investing in theand real estate. These indexes apply a consistent index

asset class.

construction and maintenance methodology, allowing for

These index suites are used worldwide in connection withmeaningful global views and cross sector comparisons

investment analysis, performance measurement, asset

across asset classes.

allocation, and the creation of various investment products.

Key features

Single, global framework• Constituents are selected from
the MSCI All Country World

Expansive set ofreal assets categories• Includes 8 MSCI Index suites
across 5 real assets categories

Investability• Constructed using MSCI’s
Global Investable Market Index

Index (ACWI) equity universe• Provides a comprehensive set(GIMI) Methodology• Construction is based on theof equity indexes, facilitating• Provides a replicable,

Global Industry Classification

research and analysis acrosstransparent, investable view ofStandard (GICS®) framework

a diversified real assets

the asset class• Facilitates analysis andperformance measurement
across asset classes

allocation• Individual index suites• Designed to facilitate
product creation

can be used to analyze ormonitor specific investment
opportunities

MSCI Real Assets Index Module | msci.com

MSCI Real Assets Indexes

Commodities

Agriculture

TimberInfrastructure

Real Estate

MSCI Commodity

MSCI Agriculture

MSCI Timber

MSCI Infrastructure

MSCI US REIT Index

Producers Indexes& Food Chain

Select Index

Indexes

MSCI Real Estate Indexes

MSCI Core Infrastructure

MSCI Core Real Estate

Producers Indexes

Indexes

MSCI Factor Real Estate

Indexes

DescriptionMSCI Commodity

MSCI Commodity Producers Indexes are designed to track the performance of global listed commodityProducers

producers. By representing the performance of broad and diversified investment opportunities acrossthe energy, metals and agricultural sectors, these indexes aim to serve as a relevant benchmark andresearch tool for investment in the universe of listed commodity producers.

MSCI Agriculture &MSCI Agriculture & Food Chain Indexes are designed to track the performance of listed companies

Food Chainthat are producers of agricultural products, fertilizers & agricultural chemicals, packaged foods, andmeat and food distributors. These indexes aim to serve as a relevant benchmark and research tool forinvestment in companies operating in the agriculture food chain.

MSCI Timber

The MSCI ACWI IMI Timber Select Capped Index is designed to reflect the performance of companies
that are engaged in the ownership and management of forests and timberlands, and production offinished products which use timber as raw material. For example, the index includes companies engaged
in the production of forest products, paper products and paper packaging products.

MSCI Infrastructure

MSCI Infrastructure Indexes are designed to reflect the broad performance and opportunity set of listed
infrastructure companies based on GICS®, help build better real estate portfolios, and are the basis for
MSCI’s private real estate risk models.

MSCI CoreMSCI Core Infrastructure Indexes aim to represent the performance of listed companies that

Infrastructure

are engaged in core industrial infrastructure activities. These indexes seek to reflect a narrower
definition of infrastructure, and thus exclude certain GICS® sub‑industries that are only remotelyconnected to the industry.

MSCI Real Assets Index Module | msci.com

Indexes

Description

MSCI US REIT

The MSCI US REIT Index is comprised of equity REITs. This index is based on the MSCI USA Investable
Market Index (IMI), which captures large-, mid- and small-cap securities, represents approximately 99%of the US REIT universe, and securities are classified in the Equity REITs Industry (under the real estatesector) according to GICS® and excludes Mortgage REITs and selected, specialized REITs.

MSCI Real Estate

MSCI Real Estate Indexes are designed to reflect the broad global real estate investment opportunity
set. They are constructed using a universe of all securities classified in the Real Estate Sector, accordingto GICS®.

MSCI Core Real Estate

MSCI Core Real Estate Indexes are designed to reflect the performance of companies engaged in theownership, development and management of specific core property real estate. Specifically, theseindexes exclude companies that do not own properties. For example, companies active in real estateservices and real estate financing are not included in MSCI Core Real Estate Indexes.

MSCI Core Factor

MSCI Core Real Estate Factor Indexes seek to reflect the performance characteristics of a range ofReal Estate

investment styles and strategies in the listed real estate space (such as small size, volatility and highyield), using transparent and rules-based methodologies. These indexes often use weighting methods
other than market capitalization.

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 decisions by enabling clients to understandand analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading researchenhanced solutions that clients use to gain insight into and improve transparency across the investment process.
To learn more, please visit www.msci.com.
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