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