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The fund is an exchange traded fund (ETF) that aims to track the performance of the S&P 500 British Pound Hedged Index as closely as possible. The ETF invests in physical index securities and is currency hedged which enables investors to hedge currency exposure in one transaction, without having to monitor and maintain a currency hedge. The S&P 500 British Pound Hedged Index offers exposure to 500 large cap US stocks which comply with S&P's size, liquidity, and free float criteria. The index also incorporates a monthly hedge, using a one month forward FX contract, to reduce currency exposure. iShares ETFs are funds managed by BlackRock. They are transparent, cost-efficient, liquid vehicles that trade on stock exchanges like normal securities. iShares ETFs offer flexible and easy access to a wide range of markets and asset classes.