WSML offers exposure to developed equities globally. It follows the performance of the MSCI World Small Cap, and index featuring the small-cap securities from the developed markets, including countries in Europe, Australia, and the Far East. The index covers approximately 14% of the free-float adjusted market capitalization in each country. Constituents are selected and weighted by market capitalization. The fund aims to utilize optimization techniques to gain similar returns to the index which means the fund may also hold securities not included in the index. The index is rebalanced semi-annually with quarterly reviews.