EFV provides large- and midcap exposure to the developed countries in Europe, Australia and the Far Eastnotably excluding US and Canada. EFV targets value stocks in the MSCI EAFE Index based on factors like their book value to price ratios, 12-month forward earnings to price ratios and dividend yields. Selected securities are weighted by market-cap, as a result, the fund comes with a large-cap tilt. Overall, EFV captures the ex-US value space well. The index is reviewed on a semi-annual basis.