MSCI ESG Ratings aim to measure a fund’s exposure to financially relevant ESG risks and opportunities using a rules-based methodology. Ratings range from leader (AAA, AA), to average (A, BBB, BB), to laggard (B, CCC). MSCI Global Rank represents the relative ranking of a fund's ESG score relative to all funds covered by MSCI ESG Ratings, with 100 being the top ranking. This table compares the weighted average MSCI ESG Ratings and MSCI Global Ranks for our investment strategies based on each strategy's underlying holdings.