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MSCI ESG Fund Ratings Summary

January 2021 Executive Summary Methodology msci esg fund Ratings Summary msci esg Research LLC January 2021 msci esg fund Ratings Summary | January 2021 | Page 2 of 19 2020 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document. Contents Executive Summary 3 Product Features 3 fund Ratings Reports 4 fund Ratings Badge 5 msci esg fund Ratings Inclusion Criteria 6 ESG fund Rating 7 fund ESG Quality Score 8 Peer Group Percentiles 11 Global Percentiles 11 Supplemental fund Metrics 11 Revenue Exposure to Sustainable Impact Solutions (%) 13 Treatment of Multi Asset Classes 13 Treatment of Short Positions 14 Appendices 15 Appendix 1: msci esg Ratings Coverage 15 Appendix 2: Eligible Asset Types 16 Appendix 3: Excluded Asset Types 17 msci esg fund Ratings Summary | January 2021 | Page 3 of 19 2020 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document. Executive Summary This document is a Summary of the msci esg fund Ratings methodology1.

MSCI ESG Fund Ratings clients receive access to a data feed of approximately 53,000 funds in the coverage universe. MSCI ESG Fund Ratings (AAA-CCC) The MSCI ESG Fund Ratings is designed to assess the resilience of a fund’s aggregate holdings to long term ESG risks and opportunities. Highly rated funds

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