0001445546-22-007494.txt : 20221101 0001445546-22-007494.hdr.sgml : 20221101 20221031174627 ACCESSION NUMBER: 0001445546-22-007494 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20221101 DATE AS OF CHANGE: 20221031 EFFECTIVENESS DATE: 20221101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST TRUST EXCHANGE-TRADED ALPHADEX FUND CENTRAL INDEX KEY: 0001383496 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 333-140895 FILM NUMBER: 221347505 BUSINESS ADDRESS: STREET 1: 120 EAST LIBERTY DRIVE, SUITE 400 CITY: WHEATON STATE: IL ZIP: 60187 BUSINESS PHONE: 630-765-8000 MAIL ADDRESS: STREET 1: 120 EAST LIBERTY DRIVE, SUITE 400 CITY: WHEATON STATE: IL ZIP: 60187 0001383496 S000031806 First Trust Small Cap Growth AlphaDEX Fund C000099061 First Trust Small Cap Growth AlphaDEX Fund FYC 497K 1 fyc_497k.htm SUPPLEMENT TO SUMMARY PROSPECTUS EDGAR HTML

Rule 497(k)
File No. 333-140895

 

 

First Trust Exchange-Traded AlphaDEX® Fund

(the “Trust”)

First Trust Small Cap Value AlphaDEX® Fund

First Trust Small Cap Growth AlphaDEX® Fund

First Trust Mid Cap Value AlphaDEX® Fund

First Trust Mid Cap Growth AlphaDEX® Fund

(each, a “Fund”)

Supplement To each Fund’s Prospectus, Summary Prospectus
and Statement of Additional Information

November 1, 2022

Notwithstanding anything to the contrary in each Fund’s prospectus, summary prospectus or statement of additional information, effective November 1, 2022, as approved by the Trust’s Board of Trustees, the management fee paid to First Trust Advisors L.P. (the “Advisor”) will be reduced at certain levels of a Fund’s net assets (“breakpoints”) and calculated pursuant to the schedule below:

 

Management Fee Breakpoints
0.7000% Fund net assets up to and including $2.5 billion
0.6825% Fund net assets greater than $2.5 billion up to and including $5 billion
0.6650% Fund net assets greater than $5 billion up to and including $7.5 billion
0.6475% Fund net assets greater than $7.5 billion up to and including $10 billion
0.6300% Fund net assets greater than $10 billion up to and including $15 billion
0.5950% Fund net assets greater than $15 billion

 

 

 

 

 

 

 

 

 

 

Please Keep this Supplement with your Fund Prospectus, Summary Prospectus

and Statement of Additional Information for Future Reference