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What is the KLD Social Select Index?

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What is the KLD Social Select Index?

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The KLD Select SocialSM Index is constructed to maximize exposure to positive social and environmental factors while exhibiting risk and return characteristics similar to those of the FTSE All World USA Index. The Index is sector-diversified, holding companies with the highest social and environmental scores from each sector. To adhere to a large capitalization style, the eligible universe is limited to companies in the S&P 900 Index. Tobacco companies are not eligible.

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