Description

This passively managed exchange-traded fund (ETF) aims to provide investors with a complete return, derived from both capital growth and income, by mirroring the performance of the NASDAQ AlphaDEX Large Cap Core Index, before accounting for its own fees and operational costs. The underlying Index stands out due to its modified equally-weighted structure. It utilizes a distinctive AlphaDEX stock selection process, which impartially chooses companies from the NASDAQ U.S. 500 Large Cap Index. This selection is based on an analysis of fundamental growth and value characteristics, with the ultimate goal of achieving superior returns (positive alpha) compared to conventional passive benchmarks.