XVLU seeks to provide long-term capital growth by replicating, to the extent possible, the performance, netof expenses, of an Index selected at the discretion of BlackRock Canada that measures the performance of U.S. equitysecurities identified by the Index Provider as exhibiting positive value characteristics. The current Index for XVLUis identified in this prospectus under “Investment Objectives”.Under normal market conditions, XVLU will primarily invest in securities of one or more iShares ETFsand/or U.S. equity securities.