This exchange-traded fund (ETF) operates on a passive index-tracking strategy, seeking to replicate the overall performance – including both capital gains and income distributions – of the NASDAQ AlphaDEX Eurozone Index. The underlying Index implements the proprietary AlphaDEX stock selection methodology. This approach systematically picks stocks from the broader NASDAQ Eurozone Index by assessing fundamental growth and value characteristics, with the aim of potentially achieving superior returns (alpha) compared to conventional passive investment strategies.