FTC Stock Discussion

First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index) Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Growth Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Keywords: Exchange Traded Fund ETF Stock Market Index S&P 500 Index CBOE Fundamentally Based Indexes Active Management S&P 500 Index