The fund aims to achieve investment results that closely mirror the price performance and income yield of the Nasdaq AlphaDEX Mega Cap Index, prior to accounting for its own expenses. Typically, it allocates a minimum of 90% of its total assets, including any borrowed capital, to the equity securities that make up this index. The index itself is crafted to identify mega-capitalization companies from the broader NASDAQ US 500 Large Cap Index, employing the AlphaDEX selection methodology.
