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RAFI Multi-Factor Global AUD-Hedged Index

DATA AS OF: 2018-06-30  ASSET CLASS: Equity



The RAFI Fundamental Global Index underperformed the FTSE All-World Index by 75 bps as value stocks struggled during the quarter (-2.5% MSCI ACWI Value vs. -0.8% MSCI ACWI). Stock selection in consumer cyclical stocks, financials, and an underweight to technology stocks were the largest detractors to the portfolio. Underweights to Amazon and Netflix in the consumer cyclical sector accounted for more than half of the 30 bps detraction in the sector.

Trailing Returns

SOURCE: FactSet | Data: As of 06/30/2018 in USD  |  INCEPTION DATE: 01/31/2017

* Inception to Date (ITD) uses the first full month of returns after inception date. All returns prior to inception are simulated, please see disclosures for important information regarding simulated performance.

** Annualized tracking error calculated against each section’s appropriate benchmark using the first full month of returns following index inception. Index returns prior to inception are simulated.

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