Description

This ETF seeks to mirror the returns of the MSCI Japan Select Screened index, which concentrates on leading and mid-tier Japanese corporations. A key characteristic of this index is its stringent environmental, social, and governance (ESG) filtering, which eliminates companies failing to adhere to specific ethical benchmarks. Such excluded entities include those implicated in controversial weapons, assigned a low 'CCC' MSCI ESG Rating or lacking any assessment, or deriving significant income from tobacco, conventional or nuclear weapons, civilian firearms, thermal coal, unconventional and/or Arctic oil and gas extraction, or palm oil. Furthermore, issuers with an MSCI Controversies Score of zero are also omitted. The index is also designed to exhibit a lower greenhouse gas intensity compared to its broader benchmark. Its constituents and screening criteria undergo a re-evaluation every three months. For comprehensive details regarding the index's construction, selection, and weighting methodologies, please visit the MSCI website at https://www.msci.com.