## Msci eafe minimum volatility index methodology

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 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.

## 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 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

### 1 Sep 2017 MSCI has developed a minimum volatility index that can serve as a transparent and relevant benchmark for managed volatility equity strategies.

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 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.

### 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

## 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

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

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.