Description

This custom index, named MSCI USA Communication Services 20-35, is designed to mirror the performance of a distinct market: large and medium-sized U.S. enterprises belonging to the Communication Services industry, as classified under the Global Industry Classification Standard (GICS). Constituents are weighted based on their free-float adjusted market capitalization, though concentration is managed through specific limits. The single largest corporate group within the index is restricted to a maximum of 35% of its total weight, while other individual entities are capped at 20%. A 10% buffer is factored into these limits during every quarterly index rebalancing. Further information about the index's design, component selection, and weighting methodology is available at https://www.msci.com.