Index Factsheet

MSCI Japan Empowering Women (WIN) SelectIndex (JPY)The MSCI Japan Empowering Women (WIN) Select Index is based on MSCI Japan IMI Top 700 Index, its parent index, which includes large,
mid and small-cap securities in the Japanese markets. The index aims to represent the performance of those Japanese companies thateither exhibit a commitment towards promoting and maintaining a high level of gender diversity among their workforce or have strongly
increased their investment on capital goods or R&D while maintaining high level of sales growth and gender diversity. The constituents ofthe index are weighted in proportion to their market capitalization, sector relative Gender Diversity Score.
For a complete description of the index methodology, please see Index methodology - MSCI.

CUMULATIVE INDEX PERFORMANCE — GROSS RETURNS (JPY)(MAY 2018 – SEP 2024)

ANNUAL PERFORMANCE (%)
MSCI Japan
Empowering
Women(WIN) SelectYear
MSCI Japan Empowering Women (WIN) SelectMSCI Japan IMI Top 700
200
181.42180.35

2023
2022
2021
2020
2019

MSCI JapanIMI Top 700

29.60
-7.09
10.72
9.61
20.59

27.79
-3.11
13.35
8.20
18.86

15010050May 18

Dec 18Jun 19Dec 19Jul 20Jan 21

Jul 21

Feb 22Aug 22

Feb 23

Sep 23

Mar 24

Sep 24INDEX PERFORMANCE — GROSS RETURNS (%) (SEP 30, 2024)

FUNDAMENTALS (SEP 30, 2024)
ANNUALIZED

1 Mo

3 Mo

1 Yr

YTD

3 Yr

5 Yr

10 Yr MaySince
31, 2018

MSCI Japan Empowering
Women (WIN) Select

-2.19

-4.54

23.76

18.43

11.75

13.48

na

MSCI Japan IMI Top 700

-1.62

-4.83

16.69

14.33

11.74

13.44

na

Div Yld (%)

P/EP/E Fwd

P/BV

9.85

2.27

16.29

14.88

1.45

9.75

2.30

15.09

13.93

1.36

INDEX RISK AND RETURN CHARACTERISTICS (MAY 31, 2018 – SEP 30, 2024)
ANNUALIZED STD DEV (%) 2

Beta

MSCI Japan Empowering
Women (WIN) Select

1.00

2.87

MSCI Japan IMI Top 700

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
May 31,
2018

42.69

13.00

14.23

na

0.91

0.96

na0.71

27.35

2020-01-22—2020-03-16

1.73

11.96

13.74

na

0.98

0.99

na0.72

29.13

2018-10-02—2020-03-16

Tracking TurnoverError (%) (%) 12

Based on monthly gross returns data3(%)

Period YYYY-MM-DD

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

MSCI Japan Empowering Women (WIN) Select Index (JPY) | msci.com

SEP 30, 2024

Index Factsheet

MSCI Japan Empowering Women (WIN) Select Index (JPY)

INDEX CHARACTERISTICS

Number ofConstituents

MSCI Japan
EmpoweringWomen(WIN) SelectTOP 10 CONSTITUENTSMSCI JapanIMI Top 700

315

Index
Wt. (%)MITSUBISHI UFJ FIN GRPRECRUIT HOLDINGS CO
SUMITOMO MITSUI FINL GRPTOKIO MARINE HOLDINGSTOKYO ELECTRONSOFTBANK GROUP CORPDAIICHI SANKYO COMIZUHO FINANCIAL GROUP
SHIN-ETSU CHEMICAL COKDDI
Total700
Weight (%)

LargestSmallest
Average
Median

4.94
0.01
0.32
0.10

3.81
0.01
0.14
0.04

4.94
4.48
3.69
3.29
2.88
2.59
2.29
2.20
2.03
1.96
30.34

ParentIndex
Wt. (%)

2.36
1.89
1.67
1.43
1.65
1.27
1.27
1.03
1.57
1.03
15.17

SectorFinancials
Industrials
Financials
Financials
Info Tech
Comm Srvcs
Health Care
Financials
Materials
Comm Srvcs

SECTOR WEIGHTS
8.99%

6.73%

11.77%

6.69%
5.44%
2.55%14.94%

1.77%
1.12%
25.05%

14.95%

Financials 25.05%

Industrials 14.95%

Health Care 11.77%
Consumer Staples 6.69%

Information Technology 14.94%

Communication Services 8.99%
Materials 5.44%

Consumer Discretionary 6.73%

Real Estate 2.55%

Utilities 1.77%

Energy 1.12%

The MSCI Japan Empowering Women (WIN) Select Index was launched on Mar 07, 2018. 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 Japan Empowering Women (WIN) Select Index (JPY) | msci.com

SEP 30, 2024

Index Factsheet

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 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 redisseminated 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 the user 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 DIRECTOR INDIRECT SUPPLIERS OR ANY THIRD PARTY INVOLVED IN THE MAKING OR COMPILING OF THE INFORMATION (EACH, AN "MSCI PARTY") MAKES ANY WARRANTIES OR REPRESENTATIONS AND,TOTHE MAXIMUM EXTENT PERMITTED BY LAW, EACH MSCI PARTY HEREBY EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FORA PARTICULAR PURPOSE.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 LIABILITYREGARDING ANY OF THE INFORMATION FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL (INCLUDING LOST PROFITS) OR ANY OTHER DAMAGES EVEN IF NOTIFIED OF THE POSSIBILITYOF SUCH DAMAGES. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.
© 2024 MSCI Inc. All rights reserved.

MSCI Japan Empowering Women (WIN) Select Index (JPY) | msci.com