The Global Trends Blended benchmark is comprised of 50% MSCI All Country World Index and 50% Citigroup World Government Bond Index. The MSCI All Country World Index (ACWI) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets and consists of 45 country indices comprising 24 developed and 21 emerging market country indices. The Citigroup World Government Bond Index is a market-capitalization weighted index of 23 government bond markets.