Source: MSCI. MSCI ACWI "Quality" Value: Top FCF/EV quintile of the MSCI ACWI Value Index, rebalanced monthly and equally weighted. MSCI ACWI Value: Companies exhibiting value characteristics defined by book value to price, 12-month forward earnings to price and dividend yield. You cannot invest directly in an index. For illustrative purposes only. Not performance of any strategy. PAST PERFORMANCE MAY NOT BE INDICATIVE OF FUTURE RESULTS.