The Russell 1000® Value Index, a trademark/service mark of the Frank Russell Co.®, is an unmanaged index considered representative of large-cap value stocks.
The Russell 1000® Growth Index, a trademark/service mark of the Frank Russell Co.®, is an unmanaged index considered representative of large-cap growth stocks.
The NASDAQ US BuyBack Achievers Index™ comprises US securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months.
The FTSE RAFI US 1000 Index is designed to track the performance of the largest US equities selected based on four fundamental measures of firm size: book value, cash flow, sales and dividends.
The Dynamic Large Cap IntellidexSM Index is a modified equal dollar weighted Index designed to identify large cap stocks that have capital appreciation potential using a proprietary stock selection and portfolio construction methodology. Each quarter 100 stocks are selected from a subset of the 250 large cap stocks of the Intellidex universe of 2,000 largest stocks by market capitalization of US companies on NYSE MKT, NYSE and NASDAQ.
Investments cannot be made directly into an index.
Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000, 75,000, 100,000 or 200,000 Shares.
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund’s return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.
Investments focused in a particular industry or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
PWV:
A value style of investing is subject to the risk that the valuations never improve or that the returns will trail other styles of investing or the overall stock markets.
Investing in securities of large-cap companies may involve less risk than is customarily associated with investing in stocks of smaller companies.
PKW:
Investments focused in a particular sector, such as consumer discretionary, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.
The Fund is non-diversified and may experience greater volatility than a more diversified investment.