Low Volatility

Describes investments in the least volatile securities within their asset class. The low volatility factor seeks to capture the low volatility anomaly – the observation that lower-volatility stocks have historically generated better risk-adjusted returns than similar high-volatility stocks over time.

Risk & Other Information

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 short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index.

There is no assurance that such ETFs will provide low volatility.