Financial News

First Trust Announces Changes to Investment Objectives for Twelve AlphaDEX® ETFs

On April 8, 2016, each of the index exchange-traded funds listed below (each, a “Fund”) will change its investment objective to seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of a new corresponding Nasdaq AlphaDEX® Equity Index (each, a “New Index”). Each New Index is a modified equal-dollar weighted index developed and maintained by Nasdaq, Inc. (“Nasdaq”) that is designed to generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology. Accordingly, each Fund’s Index Provider will change to Nasdaq. Until April 8, 2016, each Fund will continue to seek its current investment objective. On April 8, 2016, each Fund will no longer list and trade its shares on the NYSE Arca and each Fund will instead list and trade its shares on The Nasdaq Stock Market LLC under the same ticker symbol. Each Fund’s CUSIP number will not change in connection with the change in investment objective and listing exchange.

Fund Name (“Ticker”)New Index
First Trust Large Cap Core AlphaDEX® Fund (“FEX”) Nasdaq AlphaDEX Large Cap Core Index
First Trust Large Cap Growth AlphaDEX® Fund (“FTC”) Nasdaq AlphaDEX Large Cap Growth Index
First Trust Large Cap Value AlphaDEX® Fund (“FTA”) Nasdaq AlphaDEX Large Cap Value Index
First Trust Mid Cap Core AlphaDEX® Fund (“FNX”) Nasdaq AlphaDEX Mid Cap Core Index
First Trust Mid Cap Growth AlphaDEX® Fund (“FNY”) Nasdaq AlphaDEX Mid Cap Growth Index
First Trust Mid Cap Value AlphaDEX® Fund (“FNK”) Nasdaq AlphaDEX Mid Cap Value Index
First Trust Small Cap Core AlphaDEX® Fund (“FYX”) Nasdaq AlphaDEX Small Cap Core Index
First Trust Small Cap Growth AlphaDEX® Fund (“FYC”) Nasdaq AlphaDEX Small Cap Growth Index
First Trust Small Cap Value AlphaDEX® Fund (“FYT”) Nasdaq AlphaDEX Small Cap Value Index
First Trust Multi Cap Growth AlphaDEX® Fund (“FAD”) Nasdaq AlphaDEX Multi Cap Growth Index
First Trust Multi Cap Value AlphaDEX® Fund (“FAB”) Nasdaq AlphaDEX Multi Cap Value Index
First Trust Mega Cap AlphaDEX® Fund (“FMK”) Nasdaq AlphaDEX Mega Cap Index

Each New Index has been licensed for use by the Funds. AlphaDEX® is a trademark owned by First Trust Portfolios L.P. and has been licensed to Nasdaq for use in the name of each New Index. Each Fund is not sponsored, endorsed, sold or promoted by Nasdaq and Nasdaq makes no representation or warranty regarding the advisability of investing in the Funds or as to the result to be obtained by any person from use of each New Index in connection with the trading of each Fund.

First Trust Advisors L.P., the Funds’ investment advisor, along with its affiliate, First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $96 billion as of March 31, 2016, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

You should consider each Fund’s investment objective, risks, charges and expenses carefully before investing. You can download a prospectus or contact First Trust Advisors L.P. to request a prospectus, which contains other information about the Funds. Read it carefully before you invest. The risks of investing in each Fund are spelled out in its prospectus, shareholder reports and other regulatory filings.

This press release does not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Contacts:

First Trust Advisors L.P.
Press Inquiries: Ryan Issakainen, 630-765-8689
Analyst Inquiries: Stan Ueland, 630-517-7633

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