Rule
Registration Nos. 333-140895 and 811-22019
(the “Trust”)
FIRST TRUST MULTI CAP GROWTH ALPHADEX® FUND
(the “Fund”)
SUPPLEMENT TO THE FUND’S PROSPECTUS AND SUMMARY PROSPECTUS
JUNE 18, 2024
Notwithstanding anything to the contrary in the Fund’s Prospectus or Summary Prospectus, the Average Annual Total Return table in the section entitled “Annual Total Return” is deleted in its entirety and replaced with the following:
Average Annual Total Returns for the Periods Ended December 31, 2022
1 Year | 5 Years | 10 Years | Since Inception |
Inception Date | |
Return Before Taxes | -23.77% | 8.11% | 11.65% | 8.03% | 5/8/2007 |
Return After Taxes on Distributions | -23.95% | 7.95% | 11.47% | 7.87% | |
Return After Taxes on Distributions and Sale of Fund Shares | -14.07% | 6.32% | 9.62% | 6.67% | |
Nasdaq AlphaDEX® Multi Cap GrowthTM Index(1) (reflects no deduction for fees, expenses or taxes) | -23.30% | 8.84% | N/A | N/A | |
Nasdaq US Multi Cap GrowthTM Index(1) (reflects no deduction for fees, expenses or taxes) | -25.47% | 10.29% | N/A | N/A | |
S&P Composite 1500® Index (reflects no deduction for fees, expenses or taxes) | -28.66% | 9.92% | 13.33% | 9.75% | |
S&P Composite 1500® Growth Index (reflects no deduction for fees, expenses or taxes) | -17.78% | 9.15% | 12.40% | 8.34% | |
Russell 3000® Index (reflects no deduction for fees, expenses or taxes) | -19.21% | 8.79% | 12.13% | 8.15% |
(1) | Performance data is not available for all the periods shown in the table for the index because performance data does not exist for some of the entire periods. |
PLEASE KEEP
THIS SUPPLEMENT WITH YOUR FUND PROSPECTUS
AND SUMMARY PROSPECTUS FOR FUTURE REFERENCE
IMMW_:_7_RO]G_ .YW
MV?\ 4/VAZGV=$^J&[]J](W?:H_9%WI?:-OI>GZF#Z?V#9[_LOTO3^V?Y0]#[
M-]I_P*!&*C1_1ZW\W_?*]5CS>A_YU87VW[/Z&1]F^U?8/M^UOH?:?H_9_P"<
M^T_SOZMZ_P!F^S?:/T7K*'2/K=A=5NQ*Z\7)QV]0JMMQ+;VL#7^@6LR&15;;
M8QU>_P#PE?IV?X.Q IM
MMW_:_7_RO]G_ .YWV?\ 4/VAZGV=$^J&[]J](W?:H_9%WI?:-OI>GZF#Z?V#
M9[_LOTO3^V?Y0]#[-]I_P*!&*C1_1ZW\W_?*]5CS>A_YU87VW[/Z&1]F^U?8
M/M^UOH?:?H_9_P"<^T_SOZMZ_P!F^S?:/T7K*'2/K=A=5NQ*Z\7)QV]0JMMQ
M+;VL#7^@6LR&15;;8QU>_P#PE?IV?X.Q '!A8VME="!B96=I;CTB[[N_(B!I9#TB5S5-,$UP0V5H:4AZ D!\@'Z @,"
M# (4 AT")@(O C@"00)+ E0"70)G G$">@*$ HX"F *B JP"M@+! LL"U0+@
M NL"]0, PL#%@,A RT#. -# T\#6@-F W(#?@.* Y8#H@.N [H#QP/3 ^ #
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M'4<=:AZ4'KX>Z1\3'SX?:1^4'[\?ZB 5($$@;""8(,0@
M\"$<(4@A=2&A( &YXS'DJ>8EYYWI&>J5[!'MC
M>\)\(7R!?.%]07VA?@%^8G["?R-_A'_E@$> J($*@6N!S8(P@I*"](-7@[J$
M'82 A..%1X6KA@Z& "
M?L458_('J5?92^CVSVFM;^7X(D9J>I$4=!]I- /F>J-OY.?RQ^-/4GS)[I^=
M'SW[5EVWV9G\-N:IZ_I#M;>&[Z[([\[LW!4Y_M/=1?;>'RZXT8'!TU/A:=:@
MQEH*N4)Z5M[G/WFY,YJW/DWEWD/D/9_%VN$KXI#QH D"A8DH[+74Q+FGFHKU
M%GM1SERG#S-S=S7S%OBI?RSD+J#'4*L PH#4?VC8-!XN14#J3\+OD]TI\3OY
MT+[[Z%WU!GOB5W9VON'K.BW":+,;;QE/UKW_ )&@S^(QF2P^ ZL+#09_&9JJ01T=/3RMD*MW414[D^[[O[6\U;3<;5:(+2]N;RX,
M$:VEQ%<-XRY:-PC55E&6)[5IW$=:L^9]MO([F;3+%%$NHF1: @D %:%M5:C3
M3XZC1JS1*83^R?;W3&R?4*6@Y.'.'-9Y@?;SJW3=]9.H'ZPY/3SE4T4T9=./75]BR;W/;8
MRBP[\VBW[-CO?_
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M]^T/I;_V;_E/_P !2 P]9?9Q?UO_ $!/J[/;,^NO17]3?T\NJW3=]9.H'ZPY/3SE4T
M4T9=./75]BR;W/;8RBP[\VBW[-COM:
M6,!_QR[7XD53E8J@=YXECJ4*4 4ES19=P?\ ":WNWI+K6I[<^+?R[WQV'\@]
MD4$NY5VDV#3J:KW7D*&%JRLHNL-^;0W(VX-H[KD=",:,C-74U7-IBJ)(@YE5
M+M'WF-HWK<4VCFWDVVBY:F.@L#XWAJ30&2-TTN@'Q:0I J5!I3J]]["S[5#/
MNW*'-%S!S.O<)#J)E8"I675(P<.>.%/H5\C'?*C)?S J+^0/WY'\_*;$X;N?
M#KUG#M3UMM*F:DFR0
M-/42X;*Q0:RJQU4\BJ Q)(OO.
.H4I7SZ"WNA[>WW/4_+CVURD<-G,78$T8]
M\;8[6'!",TR1FE>BX_S*?Y0?SG^=/
Jun. 18, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
First Trust Multi Cap Growth AlphaDEX Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notwithstanding anything to the contrary in the Fund’s Prospectus or Summary Prospectus, the Average Annual Total Return table in the section entitled “Annual Total Return” is deleted in its entirety and replaced with the following: Average Annual Total Returns for the Periods Ended December 31, 2022
|
Label | Element | Value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Prospectus [Line Items] | rr_ProspectusLineItems | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Document Type | dei_DocumentType | 497 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Document Period End Date | dei_DocumentPeriodEndDate | Jul. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Entity Registrant Name | dei_EntityRegistrantName | FIRST TRUST EXCHANGE-TRADED ALPHADEX® FUND | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Entity Central Index Key | dei_EntityCentralIndexKey | 0001383496 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Entity Inv Company Type | dei_EntityInvCompanyType | N-1A | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amendment Flag | dei_AmendmentFlag | false | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Document Creation Date | dei_DocumentCreationDate | Jun. 18, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Document Effective Date | dei_DocumentEffectiveDate | Jun. 18, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
First Trust Multi Cap Growth AlphaDEX Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prospectus [Line Items] | rr_ProspectusLineItems | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Supplement to Prospectus [Text Block] | rr_SupplementToProspectusTextBlock |
Notwithstanding anything to the contrary in the Fund’s Prospectus or Summary Prospectus, the Average Annual Total Return table in the section entitled “Annual Total Return” is deleted in its entirety and replaced with the following: Average Annual Total Returns for the Periods Ended December 31, 2022
|
AA<*11U$OF(#(V5+K!SFD?H.I>0U_73
F H'1L$%$89L[& .Q,"$<"8'
M4\QGLHZAV'=,"SK%'*6,D>U>GLWR9'UT.<7V:)'JLF(K)>MJQH(-;#J@JPIY<,+& (AX/('.$:: 9 Z
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MM$\S$N Y*,M)F7%5Q5?R2F4W4]@
M8@^@PHZ72R-0-4MU:#TEZ6"VB:8!VN?X64ZLEZHR+A[Y29%EL>$^AW<@'G*V
MCL##6"0,P=1X&^24_=@]XL^7;2I0S0-!/]1F6&?]/-'&7^,
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M M1.=Z-?1ZD#6!VQOHV#