Description to the MSCI ACWI ex US Index Fund, traded under ticker symbol ACWX: This ETF is a fund, created in March 2008, that corresponds to the price and yield performance, before fees and expenses, of the MSCI All Country World Index ex USA. The underlying index consists of approximately two thousand securities across forty seven markets, with emerging markets representing approximately eighteen percent. MSCI attempts to capture approximately eighty five percent of the market capitalization in each country.