This fund aims to replicate the price and income performance of the NASDAQ AlphaDEX Australia Index, prior to the deduction of its own expenses. Typically, it allocates at least 90% of its total assets, which may include leveraged investments, to the common stocks, depositary receipts, real estate investment trusts (REITs), and preferred shares that make up this index. The NASDAQ AlphaDEX Australia Index itself is designed to pick stocks from the broader NASDAQ Australia Index (its foundational index) that are expected to deliver superior risk-adjusted returns, or "positive alpha," compared to traditional market benchmarks, by employing a specialized AlphaDEX selection methodology.