0001445546-24-004333.txt : 20240618 0001445546-24-004333.hdr.sgml : 20240618 20240618162955 ACCESSION NUMBER: 0001445546-24-004333 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240618 DATE AS OF CHANGE: 20240618 EFFECTIVENESS DATE: 20240618 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST TRUST EXCHANGE-TRADED ALPHADEX FUND CENTRAL INDEX KEY: 0001383496 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 333-140895 FILM NUMBER: 241052256 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 S000017343 First Trust Multi Cap Growth AlphaDEX Fund C000048001 First Trust Multi Cap Growth AlphaDEX Fund FAD 497K 1 adex-fad_497k.htm SUPPLEMENT TO SUMMARY PROSPECTUS

Rule 497(k)

Registration Nos. 333-140895 and 811-22019

 

FIRST TRUST EXCHANGE-TRADED ALPHADEX® FUND

(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