The iShares MSCI ACWI Index Fund (Ticker: ACWI) seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI All Country World Index. The index is a free float-adjusted market capitalization index designed to measure the combined equity market performance of developed and emerging markets countries. The index consists of companies from Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, the Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Malaysia, Mexico, Morocco, the
Netherlands, New Zealand, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Kingdom and the United States. The index is comprised of more than 2,800 securities.