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Risk and Return Metrics Definitions Risk and return metrics Definition Total return (%) Total risk (%) Return/risk Sharpe ratio Active return (%) Tracking error (%) Information Ratio Historical beta Average number of constituents Turnover (%) Price to book Price to earnings Dividend yield (%) Annualized index return Annualized index risk (based on monthly returns) Ratio of annualized return and annualized risk The Sharpe ratio is computed as the ratio of index excess returns and annualized total risk where excess return is defined as the difference between the annualized total index return and the risk free rate corresponding to the currency of analysis Difference of the annualized index return and the annualized benchmark return Annualized standard deviation of active returns (based on monthly data) Ratio of index active return and tracking error (based on monthly data) Beta is a measure of the level of co-movement between an index and its benchmark. It is calculated as the correlation between index and benchmark returns multiplied by the ratio of total risk of the index and its benchmark (based on monthly data) Average number of constituents (based on monthly data) Annualized Average one-way index turnover over rebalancing dates Price to book harmonic average (based on monthly data) Price to earnings harmonic average (based on monthly data) Dividend yield (%) average (based on monthly data) MSCI MSCI IndexMetrics®. Information Classification: GENERAL 18

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