Description

The Fund is a passively managed index-tracking fund that seeks to provide investors with a total return, taking into account capital and income returns, which reflects the NASDAQ AlphaDEX Large Cap Core Index (the “Index”), before fees and expenses. The Index is a modified equally-weighted index that employs the unique AlphaDEX stock selection methodology, using fundamental growth and value factors to objectively select stocks from the NASDAQ U.S. 500 Large Cap Index, with the aim to generate positive alpha relative to traditional passive indices.