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First Trust changes investment objectives for 11 AlphaDEX ETFs


First Trust is making changes to the investment objectives of 11 of its AlphaDEX exchange traded funds. 

On or about 14 July, 2015, each of the index exchange-traded funds listed below will seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of a NASDAQ AlphaDEX Equity Index. Each New Index is a modified equal-dollar weighted index developed and maintained by The NASDAQ OMX Group that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. Accordingly, the Funds’ Index Provider will change to NASDAQ. Each Fund will continue to seek its current investment objective until 14 July 14, 2015.

On or about that date 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.
 The 11 funds and their new indexes are:

First Trust Japan AlphaDEX Fund (“FJP”) – NASDAQ AlphaDEX Japan Index
First Trust China AlphaDEX Fund (“FCA”) – NASDAQ AlphaDEX China Index
First Trust Brazil AlphaDEX Fund (“FBZ”) – NASDAQ AlphaDEX Brazil Index
First Trust South Korea AlphaDEX Fund (“FKO”) – NASDAQ AlphaDEX South Korea Index
First Trust United Kingdom AlphaDEX Fund (“FKU”) – NASDAQ AlphaDEX United Kingdom Index
First Trust Germany AlphaDEX Fund (“FGM”) – NASDAQ AlphaDEX Germany Index
First Trust Switzerland AlphaDEX Fund (“FSZ”) – NASDAQ AlphaDEX Switzerland Index
First Trust Hong Kong AlphaDEX Fund (“FHK”) – NASDAQ AlphaDEX Hong Kong Index
First Trust Canada AlphaDEX Fund (“FCAN”) – NASDAQ AlphaDEX Canada Index
First Trust Taiwan AlphaDEX Fund (“FTW”) – NASDAQ AlphaDEX Taiwan Index
First Trust Australia AlphaDEX Fund (“FAUS”) – NASDAQ AlphaDEX Australia Index

Each New Index has been licensed for use by the Funds. AlphaDEX is a trademark owned by First Trust Portfolios LP and has been licensed to NASDAQ for use in the name of each New Index. 

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