iShares S&P 500

iShares S&P 500 3% Capped Index ETF (CAD-Hedged) is a Canadian-listed exchange-traded fund that provides exposure to large-cap U.S. equities while limiting single-stock concentration and hedging currency risk to the Canadian dollar. The fund seeks to replicate the performance of the S&P 500 3% Capped Hedged to Canadian Dollars Index, which is based on the S&P 500 but caps each constituent at a maximum weight of 3%, reducing the influence of the largest U.S. companies on overall portfolio performance. It invests primarily in U.S. large-cap stocks across sectors such as technology, health care, financials, consumer discretionary, and industrials, using an index-tracking approach. A currency-hedging overlay is used to mitigate the impact of fluctuations between the U.S. dollar and the Canadian dollar, aiming to align returns more closely with the underlying U.S. equity performance in CAD terms. Managed by BlackRock Asset Management Canada, the ETF is positioned as a core equity holding for investors seeking diversified U.S. market exposure with reduced single-name and currency concentration risk.