iShares MSCI KLD 400 Social Index Fund
The MSCI KLD Social Index is a free float-adjusted market capitalization index designed to measure the equity performance of U.S. companies that have positive Environmental, Social and Governance ("ESG") characteristics. The Index consists of 400 companies identified by MSCI from the universe of companies included in the MSCI USA IMI Index, which consists of the largest New York Stock Exchange ("NYSE") and NASDAQ Stock Market LLC listed US equities ranked by investable market capitalization (after the application of any investability weightings). MSCI analyzes each eligible company's ESG performance using proprietary ratings covering environmental, social (community and society, customers, employees and supply chain) and governance & ethics criteria. MSCI seeks to include in the Index companies with positive ESG performance relative to their industry peers and in relation to the broader market. Companies that MSCI determines have significant involvement in the following businesses are not eligible for the Index: alcohol, tobacco, firearms, nuclear power, military weapons and gambling. MSCI seeks to maintain the large capitalization character of the Index while including mid-cap and small-cap companies.