Description

This passively managed exchange-traded fund (ETF) is designed to provide investors with a comprehensive return, including both capital gains and income, reflective of the NASDAQ AlphaDEX Large Cap Core Index prior to fees and expenses. The underlying Index itself is distinctive, featuring a modified equally-weighted composition. It utilizes the proprietary AlphaDEX methodology to objectively select its constituents from the broader NASDAQ U.S. 500 Large Cap Index, applying specific fundamental growth and value factors. This strategic stock selection aims to generate positive alpha, thereby outperforming traditional passive indices.