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XSMC seeks to provide long-term capital growth by replicating, to the extent possible, the performance, net of expenses, of an Index selected at the discretion of BlackRock Canada that measures the performance of smallcapitalization U.S. equities. XSMC currently seeks to replicate the performance of the S&P SmallCap 600 Index. Under normal market conditions, XSMC will primarily invest in securities of one or more iShares ETFs and/or U.S. equity securities.