XSMC 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 smallcapitalization U.S. equities. The current Index for XSMC is identified in this prospectus under “InvestmentObjectives”.Under normal market conditions, XSMC will primarily invest in securities of one or more iShares ETFsand/or U.S. equity securities.