## Msci eafe minimum volatility index methodology

The MSCI Minimum Volatility Indexes are designed to serve as transparent benchmarks for minimum variance (or managed volatility) equity strategies. The indexes aim to reflect the performance characteristics of a minimum variance strategy focused on absolute returns as well as volatility with the lowest absolute risk. The MSCI Minimum Volatility Indices are calculated by optimizing a parent MSCI Index by using an estimated security co-variance matrix to produce an index that has the lowest absolute volatility for a given set of constraints. The starting universe to determine a Minimum Volatility Index is an MSCI Equity MSCI EAFE Minimum Volatility (USD) Index (USD) | msci.com INDEX METHODOLOGY The MSCI Minimum Volatility Indexes are designed to provide the lowest return variance for a given covariance matrix of stock returns. Each MSCI Minimum Volatility Index is calculated using Barra Optimizer to optimize a given MSCI parent index for the The MSCI Minimum Volatility Indexes are calculated by optimizing a parent MSCI Index by using an estimated security co-variance matrix to produce an index that has the lowest absolute volatility for a given set of constraints. MSCI USA Minimum Volatility (USD) Index (USD) | msci.com INDEX METHODOLOGY The MSCI Minimum Volatility Indexes are designed to provide the lowest return variance for a given covariance matrix of stock returns. Each MSCI Minimum Volatility Index is calculated using Barra Optimizer to optimize a given MSCI parent index for the Index Tracked MSCI EAFE Minimum Volatility Index. Index Selection Methodology Multi-Factor. Segment Benchmark MSCI World ex USA IMI. EFAV Portfolio Management. Expense Ratio 0.20%. Minimum Volatility ETFs are available across these major equity building blocks. You can consider using iShares Edge Minimum Volatility ETFs at the core of your portfolio because of the way their MSCI indexes are constructed—sectors and countries are tightly constrained to +/- 5% of the broad market index.*

## About iShares Edge MSCI Min Vol EAFE ETF The investment seeks the investment results of the MSCI EAFE Minimum Volatility (USD) Index composed of developed market equities that, in the aggregate

The iShares Edge MSCI Min Vol EAFE ETF seeks to track the investment results of an index composed of developed market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed equity markets, excluding the U.S. and Canada. The iShares Edge MSCI Min Vol EAFE ETF seeks to track the investment results of an index composed of developed market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed equity markets, excluding the U.S. and Canada. MSCI EAFE Minimum Volatility Index0.52% 0.93% 10.51% 4.86% 5.90% 5.63% -- MSCI World ex USA IMI 2.50% 0.91% 12.81% 0.87% 6.20% 2.57% 5.11% All returns over 1 year are annualized. Benchmark Index MSCI EAFE Minimum Volatility (USD Optimized) Index - USD Net CUSIP 09258N596 Distribution Frequency How often a distribution is paid by the fund. ETFs Tracking The MSCI EAFE Minimum Volatility Index – ETF Fund Flow The table below includes fund flow data for all U.S. listed Highland Capital Management ETFs. Total fund flow is the capital inflow into an ETF minus the capital outflow from the ETF for a particular time period. MSCI Minimum Volatility indices were the only live indices of the kind during one of the worst . financial crisis (2008) The index and its volatility . behaved as expected . during the About iShares Edge MSCI Min Vol EAFE ETF The investment seeks the investment results of the MSCI EAFE Minimum Volatility (USD) Index composed of developed market equities that, in the aggregate

### The iShares Edge MSCI Min Vol EAFE ETF seeks to track the investment results of an index composed of developed market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed equity markets, excluding the U.S. and Canada.

28 Feb 2020 The MSCI EAFE Minimum Volatility (USD) Index aims to reflect the MSCI FaCS is a standard method (MSCI FaCS Methodology) for The MSCI Minimum Volatility Indexes are part of the MSCI Factor Indexes, which represent the PERFORMANCE, FACTSHEETS AND METHODOLOGIES. The MSCI EAFE Minimum Volatility (USD) Index aims to reflect the performance characteristics of a minimum variance strategy applied to the large and mid cap 2012 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document. RV Jan 2012. Index Methodology. MSCI Minimum Volatility Indices. iShares Edge Minimum Volatility ETFs are core equity investments that have delivered USMV to the S&P 500, EFAV to the MSCI EAFE Index, EEMV to the MSCI Emerging Markets Index, and ACWV to the Source: MSCI Index Methodology.

### CBOE Volatility Index® (VIX®): a key measure of market expectations of near- term A free-float methodology is used to calculate the index weightings along with a They represent reserves of cash more than the minimum required amounts MSCI EAFE 100% Hedged to USD Index: Achieves an index return very similar

Minimum Volatility ETFs are available across these major equity building blocks. You can consider using iShares Edge Minimum Volatility ETFs at the core of your portfolio because of the way their MSCI indexes are constructed—sectors and countries are tightly constrained to +/- 5% of the broad market index.* Over the past five years, the MSCI emerging markets index was roughly 30% more volatile than the EAFE index. iShares Edge MSCI Min Vol Emerging Markets ( EEMV ) is best for mitigating the bumps. Find the right MSCI EAFE Minimum Volatility Index ETF with our ETF screener and read the latest MSCI EAFE Minimum Volatility Index ETF news at ETF.com volatility. The Underlying Index begins with the MSCI EAFE Index, which is a capitalization-weighted index, and then follows a rules-based methodology that is designed to determine weights for securities in the index that seeks to minimize total risk of the MSCI EAFE Index. Under a rules-based methodology, securities and weighting of the index are established based on

## MSCI USA Minimum Volatility (USD) Index (USD) | msci.com INDEX METHODOLOGY The MSCI Minimum Volatility Indexes are designed to provide the lowest return variance for a given covariance matrix of stock returns. Each MSCI Minimum Volatility Index is calculated using Barra Optimizer to optimize a given MSCI parent index for the

3 Dec 2012 The methodology starts with a parent index that represents the broad That makes the iShares MSCI EAFE Minimum Volatility (XMI) a lot more The MSCI Minimum Volatility Indexes are designed to serve as transparent benchmarks for minimum variance (or managed volatility) equity strategies. The indexes aim to reflect the performance characteristics of a minimum variance strategy focused on absolute returns as well as volatility with the lowest absolute risk. The MSCI Minimum Volatility Indices are calculated by optimizing a parent MSCI Index by using an estimated security co-variance matrix to produce an index that has the lowest absolute volatility for a given set of constraints. The starting universe to determine a Minimum Volatility Index is an MSCI Equity MSCI EAFE Minimum Volatility (USD) Index (USD) | msci.com INDEX METHODOLOGY The MSCI Minimum Volatility Indexes are designed to provide the lowest return variance for a given covariance matrix of stock returns. Each MSCI Minimum Volatility Index is calculated using Barra Optimizer to optimize a given MSCI parent index for the The MSCI Minimum Volatility Indexes are calculated by optimizing a parent MSCI Index by using an estimated security co-variance matrix to produce an index that has the lowest absolute volatility for a given set of constraints.

CBOE Volatility Index® (VIX®): a key measure of market expectations of near- term A free-float methodology is used to calculate the index weightings along with a They represent reserves of cash more than the minimum required amounts MSCI EAFE 100% Hedged to USD Index: Achieves an index return very similar 3 Dec 2012 The methodology starts with a parent index that represents the broad That makes the iShares MSCI EAFE Minimum Volatility (XMI) a lot more The MSCI Minimum Volatility Indexes are designed to serve as transparent benchmarks for minimum variance (or managed volatility) equity strategies. The indexes aim to reflect the performance characteristics of a minimum variance strategy focused on absolute returns as well as volatility with the lowest absolute risk.