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XCH seeks to provide long-term capital growth by replicating, to the extent possible, the performance of an Index which is a diversified representation of the Chinese equity market, net of expenses. XCH currently seeks to replicate the performance of the FTSE China 50 Index. Under normal market conditions, XCH will primarily invest in securities of one or more iShares ETFs and/or equity securities issued by issuers located in China.