Description

The fund typically allocates a minimum of 80% of its total assets to the underlying securities that comprise the MSCI ACWI (All Country World Index) ex USA Investable Market Index, or to depositary receipts representing those same index constituents. This MSCI ACWI (All Country World Index) ex USA Investable Market Index is a benchmark that employs a market capitalization weighting approach, aiming to gauge the investable equity market's performance for international investors across large, mid, and small-capitalization companies situated in both established (developed) and emerging markets, with the specific exclusion of U.S.-based companies.