Rule 497(k)
File No. 333-140895
First Trust
Exchange-Traded AlphaDEX® Fund
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Ticker Symbol:
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FAB
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Exchange:
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The Nasdaq Stock Market LLC
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Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
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None
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Management Fees(1)
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0.50%
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Distribution and Service (12b-1) Fees
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0.00%
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Other Expenses
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0.16%
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Acquired Fund Fees and Expenses
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0.01%
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Total Annual Fund Operating Expenses
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0.67%
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Fee Waiver and Expense Reimbursement(2)
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0.00%
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Net Annual Fund Operating Expenses
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0.67%
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1 Year
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3 Years
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5 Years
|
10 Years
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$68
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$214
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$373
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$835
|
Best Quarter
|
|
Worst Quarter
|
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28.70%
|
June 30, 2020
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-37.95%
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March 31, 2020
|
|
1 Year
|
5 Years
|
10 Years
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
30.63%
|
10.13%
|
11.95%
|
8.09%
|
5/8/2007
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Return After Taxes on Distributions
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29.90%
|
9.37%
|
11.23%
|
7.45%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
18.11%
|
7.62%
|
9.53%
|
6.36%
|
|
Nasdaq AlphaDEX® Multi Cap Value Index(1) (reflects no
deduction for fees, expenses or taxes)
|
31.62%
|
10.94%
|
N/A
|
N/A
|
|
Nasdaq US Multi Cap Value Index(1) (reflects no deduction
for fees, expenses or taxes)
|
26.19%
|
12.97%
|
N/A
|
N/A
|
|
S&P Composite 1500® Index (reflects no deduction for fees,
expenses or taxes)
|
28.45%
|
17.95%
|
16.35%
|
10.40%
|
|
S&P Composite 1500® Value Index (reflects no deduction
for fees, expenses or taxes)
|
25.39%
|
11.78%
|
13.31%
|
7.42%
|
|