QQLV

The fund seeks to track the investment results (before fees and expenses) of the Nasdaq Low Volatility Index (the "Underlying Index"). The Fund generally will invest at least 90% of its total assets in the securities that comprise the Underlying Index, which is designed to track the performance of approximately 25 stocks within the Nasdaq-100 Index (the "Parent Index") that have exhibited the least volatility over the past 12 months, as determined by the Index Provider. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Underlying Index are rebalanced quarterly in March, June, September, and December.