iShares U.S. High Yield Bond Index ETF (CAD-Hedged)

XHY seeks to provide income by replicating, to the extent possible, the performance of an index which is a diversified representation of the USD-denominated high yield corporate bond market, net of expenses, and, to the extent possible, hedge any resulting U.S. dollar currency exposure back to Canadian dollars. XHY currently seeks to replicate the performance of the Markit iBoxx USD Liquid High Yield Total Return Index hedged in CAD. Under normal market conditions, XHY will primarily invest in securities of one or more iShares ETFs and/or U.S. fixed income securities.