Index description: The MSCI EAFE Value Index captures large and mid cap securities exhibiting overall value style characteristics across developed markets countries in Europe, Australasia, the Middle East and the Far East, excluding the US and Canada. The value investment style characteristics for index construction are defined using three variables: book value to price, 12-month forward earnings to price and dividend yield. Benchmark returns are net of withholding taxes. It is not possible to invest directly in an index.