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First Trust changes investment objectives for 11 AlphaDEX ETFs

First Trust has announced changes to the investment objectives of 11 of the company’s range of AlphaDEX exchange traded funds.

On or about 14 July, 2015, each of the index ETFs 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 July 14, 2015.
On or about 14 July, 2015, each Fund, except First Trust Australia AlphaDEX Fund, will no longer list and trade its shares on the NYSE Arca, and will instead list and trade its shares on The NASDAQ Stock Market LLC under the same ticker symbol. First Trust Australia AlphaDEX Fund will continue to list and trade its shares on NYSE Arca. Each Funds’ CUSIP number will not change in connection with the changes in investment objective and listing exchange.
The ETFs in question 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

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