EMCR is passively managed to build a portfolio that seeks reduced greenhouse gas emissions, as it aligns with the long-term global warming target of the Paris Climate Agreement. The index takes from a universe of large- and mid-cap emerging market stocks and only includes companies that observe established ESG norms. Companies involved in controversial industries are excluded. The resulting portfolio is weighted based on carbon risk rating, which is a composite score of a companys carbon risk classification and carbon performance. Weights are adjusted and tilted according to the following buckets: climate leader, climate performer, climate underperformer, and climate laggard. The index is rebalanced semi-annually. Prior to Aug. 18, 2021, the fund traded under the ticker ACSG and was known as the Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF that tracked the MSCI ACWI ex USA ESG Leaders Index.