Description

This passively managed exchange-traded fund aims to replicate the total return of the NASDAQ AlphaDEX Large Cap Core Index, encompassing both capital gains and income, before any charges are applied. The underlying Index itself is a modified equally-weighted benchmark that employs a distinctive AlphaDEX stock selection strategy. This approach objectively screens and picks constituents from the broader NASDAQ U.S. 500 Large Cap Index based on a combination of fundamental growth and value criteria, with the intent of achieving superior returns compared to standard passive investments.