Core Insights - The iShares MSCI Australia ETF (EWA US) provides exposure to approximately 85% of the Australian market investable equity universe, focusing on large and mid-cap stocks [1] Group 1: Index Methodology - The underlying MSCI Australia Index is constructed using free-float market-cap-weighted methodology [1] - Eligibility for inclusion follows MSCI GIMI rules, requiring a minimum effective free float of 15% and specific foreign ownership limits for full inclusion [1] - Liquidity requirements for developed markets include a 12-month average trading volume ratio (ATVR) of at least 20%, a 3-month ATVR of at least 20%, and a 3-month trading frequency of at least 90% over the last four quarters [1] Group 2: Selection and Maintenance - The selection process utilizes market-cap ranking with buffers to limit turnover, allowing existing names to remain if they meet two-thirds of the size threshold [1] - New additions may require a market-cap of at least 1.8 times when the Foreign Inclusion Factor (FIF) is less than 0.15 [1] - The maintenance of the index follows a quarterly review cycle in February, May, August, and November, with full semi-annual recompositions occurring in May and November [1]