Morningstar Advisor - Winter 2008 - (Page 25) Think beyond average Most index funds track market averages that weight companies based on one factor – market capitalization. AlphaDEX exchange-traded funds are not your average index funds. They track indexes that apply a unique screening process which selects and weights stocks based on fundamental valuation criteria. While AlphaDEX funds follow an enhanced indexing approach to investing, they still provide all the benefits you’ve come to expect from exchange-traded funds. To learn more about the AlphaDEX family of exchange-traded funds, call First Trust at 1-800-621-8726. You should consider a fund’s investment objectives, risks, and charges and expenses carefully before investing. To obtain a prospectus which contains this and other information about a fund, contact First Trust at 1-800-621-8726. Read it carefully before you invest. An investment in a fund involves risks similar to those of investing in any fund of equity securities traded on exchanges, including the risk that fund shares or stocks in general may fall in value. A fund’s shares will change in value, and you could lose money by investing in a fund. You should anticipate that the value of the shares will fluctuate, more or less, in correlation with the value of the index. Investors who sell fund shares may receive less than the share’s net asset value. Investors buying or selling fund shares on the secondary market may incur brokerage commissions. Although the AlphaDEX funds track indices that are designed to identify stocks that may generate positive alpha relative to traditional market cap-based passive indices, there can be no guarantee that any AlphaDEX fund will perform well or outperform the related passive index. www.ftportfolios.com First Trust Advisors L.P. is the adviser to the funds. First Trust Portfolios L.P. is the funds’ distributor. http://www.ftportfolios.com http://www.ftportfolios.com
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