First Trust Announces Changes to Investment Objectives for 11 AlphaDEX ® ETFs

WHEATON, Ill., May 15, 2015 (BUSINESS WIRE) -- On or about July 14, 2015, each of the index exchange-traded funds listed below (each a “Fund”) 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, a “New Index”). Each New Index is a modified equal-dollar weighted index developed and maintained by The NASDAQ OMX Group, Inc. (“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. Each Fund will continue to seek its current investment objective until July 14, 2015...