The fund's core purpose is to deliver investment returns that closely match the performance of the Nasdaq Developed Select Leaders Core Index, prior to deducting expenses. To achieve this, the fund generally commits at least 80% of its assets (including money borrowed for investment) to purchase equity securities of companies found within that index at the time of transaction. The underlying index utilizes a data-driven model to pinpoint equity securities within the broader Nasdaq Developed Market Ex-US Ex-Korea Large Mid Cap Index, specifically targeting companies demonstrating significant promise in terms of intrinsic value, quality growth, and impressive market momentum.
