Msci acwi minimum volatility index fact sheet

Based on the downside capture ratio of the MSCI Minimum Volatility indexes relative to their parent MSCI indexes, since the inception of each MSCI Minimum Volatility index. Fund Benchmark The Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains.

MSCI ACWI Minimum Volatility ( USD) 100% Hedged to USD Index – ETF Tracker. The index tracks investment results of developed and emerging market equities with lower volatility characteristics. This index is currency hedged and mitigates fluctuations between the underlying currencies and the U.S. dollar. MSCI's ACWI is composed of 2,771 constituents, 11 sectors, and is the industry’s accepted gauge of global stock market activity. It provides a seamless, modern and fully integrated view across all sources of equity returns in 47 developed and emerging markets. MSCI and the MSCI index name is a service mark of MSCI, or its affiliates, and has been licensed for use for certain purposes by Legal & General Investment Management ("LGIM") and its affiliates. The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such Based on the downside capture ratio of the MSCI Minimum Volatility indexes relative to their parent MSCI indexes, since the inception of each MSCI Minimum Volatility index. Fund Benchmark The Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. MSCI USA Minimum Volatility Index 27.96 12.61 2-Jun-08 MSCI EAFE Minimum Volatility (USD) Index 16.74 7.25 1-Dec-09 MSCI EM Minimum Volatility (USD) Index 8.49 3.43 1-Dec-09 USMV vs. S&P 500 Index For investors seeking less volatility, USMV can be an alternative to more traditional exposures like the S&P 500 index. The iShares MSCI EAFE Minimum Volatility Fund (NYSEArca: EFAV) and the PowerShares S&P International Developed Low Volatility Fund (NYSEArca: IDLV) duke it out in the developed ex-U.S. space. PowerShares’ IDLV comes out as the slightly more expensive fund, with a price tag of 25 bps, 1. Tracks an index which measures the performance of equity securities in emerging and developed markets that have lower volatility relative to the equities included in the MSCI ACWI Index 2. Minimum volatility strategies have historically reduced losses during market declines, while still capturing gains in rising markets 3.

Historically, the index has shown lower beta and volatility characteristics relative to the MSCI ACWI Index. As of 03/18/2020. ETFs Tracking Other Mutual Funds.

The iShares MSCI EAFE Minimum Volatility Fund (NYSEArca: EFAV) and the PowerShares S&P International Developed Low Volatility Fund (NYSEArca: IDLV) duke it out in the developed ex-U.S. space. PowerShares’ IDLV comes out as the slightly more expensive fund, with a price tag of 25 bps, 1. Tracks an index which measures the performance of equity securities in emerging and developed markets that have lower volatility relative to the equities included in the MSCI ACWI Index 2. Minimum volatility strategies have historically reduced losses during market declines, while still capturing gains in rising markets 3. iShares Edge MSCI Min Vol USA ETF Fact Sheet as of 12/31/2019 The iShares Edge MSCI Min Vol USA ETF seeks to track the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. WHY USMV? 1Exposure to U.S. stocks with potentially less risk Benchmark (%) Index: MSCI USA Minimum Volatility (USD) Index: 27.96 1.89 3.07 7.48 27.96 54.86 81.06 280.64 210.43 After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold. 27.13 1.73 2.88 7.12 27.13 51.79 74.96 - 194.06 After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares. 16.78

1. Tracks an index which measures the performance of equity securities in emerging and developed markets that have lower volatility relative to the equities included in the MSCI ACWI Index 2. Minimum volatility strategies have historically reduced losses during market declines, while still capturing gains in rising markets 3.

The iShares MSCI All Country World Minimum Volatility Index ETF seeks to provide in the index in order to seek to minimize total risk of the MSCI ACWI Index. The MSCI ACWI Minimum Volatility (USD) Index aims to reflect the performance characteristics of a minimum variance strategy applied to large and mid cap equities across 23 Developed Markets (DM) and 26 Emerging Markets (EM) countries*. The index is calculated by optimizing the MSCI ACWI Index, its parent index, in USD for the lowest absolute risk (within a given set of constraints). MSCI minimum volatility indexes. The MSCI Minimum Volatility Indexes are part of the MSCI Factor Indexes, which represent the return of factors (common stock characteristics) that have historically earned a persistent premium over long periods of time. The MSCI Minimum Volatility Indexes are designed to serve as transparent benchmarks We calculate 170,000 indexes every day at MSCI and the end of day index data can be searched for here. Below you can choose to view a summary of index performance of around 2000 of our most popular indexes. Using a keyword search, type in the name of the index you wish to view and download the factsheet to get an overview of the index. The index is calculated by optimizing the MSCI ACWI Index, its parent index, for the lowest absolute risk (within a given set of constraints). Historically, the index has shown lower beta and volatility characteristics relative to the MSCI ACWI Index. MSCI ACWI Minimum Volatility (USD) 100% Hedged to USD Index – ETF Tracker The index tracks investment results of developed and emerging market equities with lower volatility characteristics. This index is currency hedged and mitigates fluctuations between the underlying currencies and the U.S. dollar. iShares Edge MSCI Min Vol Global ETF Fact Sheet as of 12/31/2019 Based on the downside capture ratio of the MSCI Minimum Volatility indexes relative to their parent MSCI indexes, since the inception of each MSCI Minimum Volatility index. Carefully consider the Fund's investment objectives, risk factors, and charges and expenses before

The iShares MSCI All Country World Minimum Volatility Index ETF seeks to provide in the index in order to seek to minimize total risk of the MSCI ACWI Index.

MSCI USA Minimum Volatility Index 27.96 12.61 2-Jun-08 MSCI EAFE Minimum Volatility (USD) Index 16.74 7.25 1-Dec-09 MSCI EM Minimum Volatility (USD) Index 8.49 3.43 1-Dec-09 USMV vs. S&P 500 Index For investors seeking less volatility, USMV can be an alternative to more traditional exposures like the S&P 500 index. The iShares MSCI EAFE Minimum Volatility Fund (NYSEArca: EFAV) and the PowerShares S&P International Developed Low Volatility Fund (NYSEArca: IDLV) duke it out in the developed ex-U.S. space. PowerShares’ IDLV comes out as the slightly more expensive fund, with a price tag of 25 bps, 1. Tracks an index which measures the performance of equity securities in emerging and developed markets that have lower volatility relative to the equities included in the MSCI ACWI Index 2. Minimum volatility strategies have historically reduced losses during market declines, while still capturing gains in rising markets 3. iShares Edge MSCI Min Vol USA ETF Fact Sheet as of 12/31/2019 The iShares Edge MSCI Min Vol USA ETF seeks to track the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. WHY USMV? 1Exposure to U.S. stocks with potentially less risk

Benchmark (%) Index: MSCI All Country World Minimum Volatility Index: 2.76 7.43 17.93 -1.56 21.05 MSCI All Country World Index (Net Total Return) MSCI All Country World Index (Net Total Return) shown for illustrative purposes only to demonstrate how this fund has performed vs. the broader respective market.-2.36 7.86 23.97 -9.41 26.60

The iShares MSCI All Country World Minimum Volatility Index ETF seeks to provide in the index in order to seek to minimize total risk of the MSCI ACWI Index. The MSCI ACWI Minimum Volatility (USD) Index aims to reflect the performance characteristics of a minimum variance strategy applied to large and mid cap equities across 23 Developed Markets (DM) and 26 Emerging Markets (EM) countries*. The index is calculated by optimizing the MSCI ACWI Index, its parent index, in USD for the lowest absolute risk (within a given set of constraints).

Low volatility index returns chronicles the annual returns of low volatility US and Source of returns: MSCI ACWI Minimum Volatility, factsheet; MSCI EAFE