ISHARES MSCI EMERGING MARKETS EX CHINA ETF

The investment seeks to track the investment results of the MSCI Emerging Markets ex China Index (the underlying index). The fund generally will invest at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of its index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is a free float-adjusted market capitalization weighted index that captures large- and mid-capitalization stocks across 25 of the 26 Emerging Markets countries, excluding China.