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First Trust changes indexes for seven AlphaDEX ETFs


First Trust has changed the indexes for seven of its AlphaDEX exchange traded funds, with each ETF now seeking to replicate the performance of a NASDAQ AlphaDEX Equity Index.

Each New Index is a modified equal-dollar weighted index developed and maintained by The NASDAQ OMX Group, (NASDAQ) 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. The ETFs are all now trading on the NASDAQ Stock Market but maintain their original ticker symbols.
The  ETFs in question and their new indexes are as follows –
• First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) – NASDAQ AlphaDEX Developed Markets ex-US Small Cap Index
• First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) – NASDAQ AlphaDEX Emerging Markets Small Cap Index
• First Trust Emerging Markets AlphaDEX Fund (FEM) – NASDAQ AlphaDEX Emerging Markets Index
• First Trust Europe AlphaDEX Fund (FEP) – NASDAQ AlphaDEX Europe Index
• First Trust Asia Pacific Ex-Japan AlphaDEX Fund (FPA) – NASDAQ AlphaDEX Asia Pacific Ex-Japan Index
• First Trust Latin America AlphaDEX Fund (FLN) – NASDAQ AlphaDEX Latin America Index
• First Trust Developed Markets Ex-US AlphaDEX Fund (FDT) – NASDAQ AlphaDEX Developed Markets Ex-US Index
Each New Index has been licensed for use by the Funds. AlphaDEX is a trademark owned by First Trust Portfolios 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.

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