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