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First Trust Announces Changes to Investment Objectives for 7 AlphaDEX® ETFs

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Effective October 13, 2015, each of the index exchange-traded funds listed below (each a “Fund”) will seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of a NASDAQ AlphaDEX® Equity Index (each, a “New Index”). Each New Index is a modified equal-dollar weighted index developed and maintained by The NASDAQ OMX Group, Inc. (“NASDAQ”) that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX®...

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