Description

The fund endeavors to achieve its stated investment objective by allocating, under typical market conditions, at least 80% of its assets, whether directly or indirectly, to the securities comprising the Nasdaq Victory International 500 Long/Cash Volatility Weighted Index. This particular index is passively managed, employs a weighting scheme based on volatility, and is exclusively maintained by its designated provider. It identifies the 500 most substantial foreign companies, ranked by their market capitalization at the time the index constituents are initially chosen.