Nasdaq US Rising Dividend Achievers™ Index - The Index is comprised of 50 companies with a history of raising their dividends. These companies also exhibit the characteristics to continue to do so in the future.
There is no guarantee that the fundâ€™s distribution target will be achieved. The fund does not seek to achieve any specific level of total return performance compared with the total return performance of the Index or the S&P 500Â® Index. Capital appreciation on the securities held by the fund may be less than the capital appreciation of the Index and the S&P 500Â® Index, and the total return performance of the fund may be less than the total return performance of the Index and the S&P 500Â® Index.
An option is a contractual obligation between a buyer and a seller. There are two types of options known as â€œcallsâ€ and â€œputs.â€ The buyer of a call option has the right, but not the obligation, to purchase an agreed upon quantity of an underlying asset from the writer (seller) of the option at a predetermined price (the strike price) within a certain window of time (until the optionâ€™s expiration), creating a long position.