Mackenzie US High Yield Bond Index ETF (CAD-Hedged) seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive USD High Yield Corporates Total Market Hedged to CAD Index, or any successor thereto. It invests primarily in high yield rated corporate bonds issued in U.S. dollars, either directly or indirectly, with its foreign currency hedged back to the Canadian dollar.