This passively managed, index-tracking fund aims to deliver investors a total return, combining capital growth and income, that closely mirrors the performance of the NASDAQ AlphaDEX Emerging Markets Index (the “Index”), prior to the deduction of fees and expenses. The Index itself is structured with a modified equally-weighted approach and incorporates the proprietary AlphaDEX stock selection methodology. This innovative method objectively screens for stocks from the NASDAQ Emerging Markets Index using specific fundamental growth and value factors, with the strategic goal of generating positive alpha relative to more traditional passive benchmarks.