Equity
MSCI® ACWI® ex-US IMI IndexSM
Meaningful CIT Tax Benefits Gained in the MSCI ACWI ex-US IMI IndexSM
Our research found that a collective investment trust investor benchmarked to the MSCI ACWI ex-US IMI Index was eligible to reclaim an additional 14 basis points in foreign dividend withholding taxes as compared to a mutual fund investor using the same index. Learn more
| 2021 Dividend Yield (%) |
ERISA Tax Rate (%) |
Mutual Fund Tax Rate (%) |
Weight in MSCI ACWI ex-US IMI Index IMI |
Impact (Yield Tax Diff Weight) (bps) | |
| Japan | 2.1 | 0 | 10 | 15.9 | 3 |
| Canada | 2.7 | 0 | 15 | 6.7 | 3 |
| Switzerland | 2.6 | 0 | 15 | 5.6 | 2 |
| Germany | 2.3 | 0 | 15 | 5.5 | 2 |
| Sweden | 3.1 | 0 | 15 | 2.7 | 1 |
| Australia | 3.9 | 0 | 15 | 4.6 | 1 |
| Netherlands | 1.6 | 0 | 15 | 2.6 | 1 |
| Spain | 1.7 | 0 | 15 | 1.5 | 0 |
| Finland | 2.8 | 0 | 15 | 0.72 | 0 |
| Belgium | 2.2 | 0 | 15 | 0.66 | 0 |
| MSCI ACWI ex-US IMI Index | 46.5 | +14 |
