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Disclosures
The MSCI EAFE Value Index is a subset of the widely recognized, unmanaged MSCI EA
Australasia, and the Far East.
The MSCI All Country World Index (ACWI) is an unmanaged index representative of stoc
States.
The MSCI All Country World Index (ACWI) ex USA is an unmanaged index representativ
the United States.
The FTSE World Index is an unmanaged, market-capitalization weighted index represent
Advanced Emerging segments of the FTSE Global Equity Index Series that covers 90%-9
The MSCI Emerging Markets (EM) Index is an unmanaged market capitalization-weighte
Index is designed to represent the performance of emerging stock markets throughout the
investors.

