This exchange-traded fund seeks to replicate the financial performance, including both capital appreciation and income (before accounting for its own expenses), of an equity benchmark called the NASDAQ AlphaDEX® Hong Kong Index. It typically commits at least 90% of its overall capital (including any borrowed funds) to the common stocks, depositary receipts, real estate investment trusts (REITs), and preferred shares that constitute this index. The target index itself utilizes the AlphaDEX® selection methodology to identify and choose securities from the primary NASDAQ Hong Kong Index, aiming to identify those with the potential to achieve superior risk-adjusted returns, or "positive alpha," relative to standard market indices.
