Rule 497(k)
Registration Nos. 333-140895 and 811-22019
First Trust
Exchange-Traded AlphaDEX® Fund
|
Ticker Symbol:
|
FNY
|
Exchange:
|
The Nasdaq Stock Market LLC
|
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
|
None
|
Management Fees(1)
|
0.70%
|
Distribution and Service (12b-1) Fees
|
0.00%
|
Other Expenses
|
0.00%
|
Total Annual Fund Operating Expenses
|
0.70%
|
Fee Waiver and Expense Reimbursement
|
0.00%
|
Net Annual Fund Operating Expenses
|
0.70%
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
$72
|
$224
|
$390
|
$871
|
Best Quarter
|
|
Worst Quarter
|
|
29.17%
|
June 30, 2020
|
-22.72%
|
March 31, 2020
|
|
1 Year
|
5 Years
|
10 Years
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
13.38%
|
18.95%
|
15.04%
|
13.26%
|
4/19/2011
|
Return After Taxes on Distributions
|
13.38%
|
18.87%
|
14.89%
|
13.12%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
7.92%
|
15.42%
|
12.68%
|
11.14%
|
|
Nasdaq AlphaDEX® Mid Cap Growth Index(1) (reflects no
deduction for fees, expenses or taxes)
|
14.22%
|
19.84%
|
N/A
|
N/A
|
|
Nasdaq US 600 Mid Cap Growth Index(1) (reflects no
deduction for fees, expenses or taxes)
|
6.64%
|
16.80%
|
N/A
|
N/A
|
|
S&P MidCap 400® Growth Index (reflects no deduction for
fees, expenses or taxes)
|
18.90%
|
14.66%
|
14.54%
|
12.59%
|
|
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