Rule 497(k)
File No. 333-140895
First Trust
Exchange-Traded
AlphaDEX® Fund
|
Ticker Symbol:
|
FTA
|
Exchange:
|
The Nasdaq Stock Market LLC
|
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
|
None
|
Management Fees
|
0.50%
|
Distribution and Service (12b-1) Fees
|
0.00%
|
Other Expenses
|
0.10%
|
Total Annual Fund Operating Expenses
|
0.60%
|
Fee Waiver and Expense Reimbursement(1)
|
0.00%
|
Net Annual Fund Operating Expenses
|
0.60%
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
$61
|
$192
|
$335
|
$750
|
Best Quarter
|
|
Worst Quarter
|
|
12.71%
|
December 31, 2011
|
-16.83%
|
September 30, 2011
|
|
1 Year
|
5 Years
|
10 Years
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
24.87%
|
7.29%
|
11.51%
|
7.03%
|
5/8/2007
|
Return After Taxes on Distributions
|
23.86%
|
6.44%
|
10.73%
|
6.28%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
14.68%
|
5.28%
|
9.13%
|
5.32%
|
|
Nasdaq AlphaDEX® Large Cap Value Index(1) (reflects no
deduction for fees, expenses or taxes)
|
25.74%
|
N/A
|
N/A
|
N/A
|
|
Nasdaq US 500 Large Cap Value Index(1) (reflects no
deduction for fees, expenses or taxes)
|
30.67%
|
N/A
|
N/A
|
N/A
|
|
S&P 500® Index (reflects no deduction for fees, expenses or
taxes)
|
31.49%
|
11.70%
|
13.56%
|
8.49%
|
|
S&P 500® Value Index (reflects no deduction for fees,
expenses or taxes)
|
31.93%
|
9.52%
|
12.16%
|
6.43%
|
|
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