Group 1 - The Invesco Russell 1000 Equal Weight ETF (EQAL US) is based on the Russell 1000 Equal Weight Index, which provides balanced exposure to U.S. large-cap stocks by assigning equal weights to each industry and its constituents [1] - A capacity screen is implemented to exclude any security where a hypothetical USD 5 billion position would exceed 5% of its float-adjusted shares, ensuring only the primary share class per company is eligible [1] - The index undergoes re-weighting at the close of the third Friday of March, September, and December, with June's re-weight aligned to the parent index's annual reconstitution, allowing for timely reflection of corporate actions [1]

Core Insights - The iShares ESG Aware MSCI USA ETF (ESGU US) utilizes the MSCI USA Extended ESG Focus Index to create a portfolio that maximizes normalized ESG scores while adhering to a 0.5% predicted tracking-error budget [1] Portfolio Construction Methodology - The index excludes firms with severe controversies (ESG Controversies Score = 0) and those involved in Tobacco, Controversial Weapons, Civilian Firearms, Thermal Coal, and Oil Sands [1] - Security active weights are constrained to ±2% relative to the parent index, sector active weights to ±5%, and single-name weights to a maximum of 20 times the security's parent weight; the minimum constituent weight is set at 0.10% [1] - One-way turnover is limited to 10% during May/November reviews and 5% during February/August reviews [1] - The index undergoes quarterly reviews in February, May, August, and November, with monthly checks for controversies that may lead to deletions; additions are only made during reviews [1] - Final weights are adjusted based on free-float outputs from the Barra optimizer while maintaining a country/sector structure similar to the parent index [1]

Core Insights - The iShares MSCI Europe Financials ETF (EUFN) provides exposure to developed European financials by tracking the MSCI Europe Financials Index, which includes constituents classified in GICS Financials [1] - The MSCI Europe Index targets approximately 85% of free-float market capitalization in developed European markets, focusing on large- and mid-cap segments [1] - The index employs a methodology that includes free-float adjustments, foreign ownership limits, and minimum liquidity requirements, with no caps on issuers, countries, or industries [1] Index Construction Methodology - The MSCI Europe Financials Index is constructed using a free-float market-cap-weighted approach, ensuring that weights reflect the market value within the financial sector [1] - Regular reviews of the index occur quarterly in February and August, and semi-annually in May and November, during which size/liquidity buffers and GICS classifications are reassessed [1] - Additions and deletions to the index are implemented in a single pass during these review cycles [1]

Core Insights - The Eaton Vance High Yield ETF (EVHY) focuses on generating high current income through investments in below-investment-grade corporate bonds, particularly in the higher-quality segment of the high-yield market, typically rated BB and B [1] Investment Strategy - The investment strategy is driven by bottom-up credit research that evaluates business durability, capital structures, covenants, and recovery values [1] - The strategy includes relative-value and liquidity analysis across new issues and secondary markets [1] - Portfolio construction emphasizes diversification across issuers, sectors, and maturities while managing exposure to lower-rated credits opportunistically [1] Risk Management - The ETF controls interest-rate and spread factor risks within defined bands [1] - Position sizes are determined by issuer-specific fundamentals, trading depth, and downgrade/default risk [1] - Risk tools are employed to monitor concentration and factor contributions [1] Rebalancing Approach - Ongoing rebalancing occurs as valuations, catalysts, or credit views change [1] - Sell decisions are based on deteriorating credit quality, unfavorable risk/reward scenarios, or better risk-adjusted income opportunities elsewhere [1]

Core Insights - The iShares MSCI Canada ETF (EWC US) is based on the MSCI Canada Custom Capped Index, which provides market-cap-weighted exposure to Canadian large- and mid-cap stocks, targeting coverage of 85% ±5% of the market [1] Group 1: Index Methodology - The index employs free float-adjusted market capitalization and includes investability screens, such as a foreign room requirement of at least 25% for full inclusion [1] - Liquidity requirements 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% across four quarters [1] - The index applies custom 25/50-style constraints, capping any single group entity at 22.5% and limiting the aggregate weight of all group entities exceeding 5% to 24.5% [1] - Capping is enforced at each index review, with pro rata redistribution to uncapped names [1] - Quarterly Index Reviews occur on the last business day of February, May, August, and November, updating size-segment cutoffs, free float, liquidity compliance, and reapplying capping to maintain concentration limits [1]

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]

Core Insights - The iShares MSCI Japan Value ETF (EWJV US) is designed to provide exposure to large- and mid-cap Japanese companies with a focus on value investing [1] - The ETF is based on the MSCI Japan Value Index, which follows specific eligibility criteria including free-float adjustment and liquidity tests [1] Index Construction Methodology - The MSCI Japan Value Index employs a composite value score derived from book-to-price, 12-month forward earnings-to-price, and dividend yield [1] - Companies are categorized into value and/or growth styles, with those exhibiting both being proportionally split based on their style scores [1] - The index is weighted by free-float market capitalization, and only the value portion of each company's free-float market cap is included in the index [1] - Style boundaries are established to limit turnover, and the index undergoes semi-annual reviews in May and November [1]

Core Insights - The iShares MSCI Austria ETF (EWO US) is designed to track the MSCI Austria IMI 25/50 Index, which encompasses nearly the entire investable Austrian equity market, covering approximately 99% of free float market capitalization [1] Group 1: Index Construction - The MSCI Austria IMI 25/50 Index includes large, mid, and small-cap stocks, adhering to US RIC concentration limits [1] - Eligible Austrian listings and ADR/GDRs must meet specific MSCI developed-market investability criteria, including a 12-month and 3-month Average Trading Volume Ratio (ATVR) of at least 20%, trading frequency of 90% or more, and a free float of at least 0.15 [1] - Companies are ranked based on free float market capitalization, with the standard segment capturing the top 85% and the small-cap segment extending coverage to 99%, both reviewed quarterly [1] Group 2: Weighting Methodology - An optimizer caps any issuer's weight at 22.5%, ensuring that ongoing weights remain at or below 25% [1] - The aggregate weight of issuers exceeding 4.5% is constrained to a maximum of 45% to maintain balance within Austria's concentrated market structure [1]

Core Insights - The iShares MSCI Brazil ETF (EWZ) is designed to provide market-cap-weighted exposure to Brazil's large- and mid-cap equities, covering approximately 85% of the investable market in Brazil [1] Group 1: Index Methodology - The underlying index is the MSCI Brazil 25/50 Index, which follows MSCI Global Investable Market Index standards, including foreign-ownership adjustments and liquidity screens [1] - A 25/50 capping optimization is applied quarterly to comply with U.S. RIC concentration limits, ensuring no single issuer exceeds 25% and the aggregate weight of issuers over 5% remains at or below 50% [1] - Group entities are capped at the group level, and weights reflect free float and investability adjustments, with corporate actions flowing through from the parent [1] Group 2: Portfolio Management - Buffers at quarterly reviews help limit turnover while maintaining concentration constraints [1]

Core Insights - The iShares MSCI Brazil Small-Cap ETF (EWZS US) is based on the MSCI Brazil Small Cap Index, which includes small-cap stocks from Brazil that meet specific investability standards [1] Group 1: Index Construction - The index represents small caps between the Standard 85% cutoff and approximately 99% free-float market cap coverage [1] - Eligible securities must pass MSCI's investability standards, including free float and liquidity tests, measured by Annualized Traded Value Ratio and trading frequency [1] - Constituents with free float less than 15% must meet a higher size requirement of at least 1.8 times the applicable minimum to enter or remain in the index [1] Group 2: Selection and Weighting - Selection is based on free-float market cap rank within Brazil, and foreign listings are eligible if they comply with domicile and listing rules [1] - The index uses free-float market capitalization for weighting, with no style or factor tilts, and foreign ownership limits are reflected through free-float multipliers [1] Group 3: Maintenance and Review - The index undergoes Quarterly Comprehensive Index Reviews in February, May, August, and November, during which size bands, buffers, free float, and liquidity are reassessed, and weights are reset [1]