The Fund is a passively managed Exchange-Traded Fund. This means shares in the Fund are listed and traded on one or more stock exchange(s). The objective of the Fund is to generate income, together with capital growth which, before expenses, would correspond to, or track, the return on the S&P 500 Low Volatility High Dividend Index (Net Total Return) (the Index). The Fund aims to provide investors with a broad exposure to U.S. companies that historically have provided high dividend yields with lower volatility (price fluctuations).