Description

This investment vehicle operates as a passive, index-following fund, designed to replicate the overall performance of the NASDAQ AlphaDEX United Kingdom Index (referred to as "the Index"), encompassing both capital appreciation and income generated, all before deducting any management fees or operational costs. The underlying Index itself features a distinct, modified equally-weighted structure. It employs the proprietary AlphaDEX stock-picking approach, which systematically identifies companies from the broader NASDAQ United Kingdom Index based on objective fundamental indicators of both growth and value, with the ultimate goal of achieving superior returns, or "positive alpha," when compared against more conventional passive benchmarks.